##
||||Page|
|---|---|---|---|
|Charity and Company|information||1|
|Trustees'
Report|||2|
|Statement of Directors'/Trustees'||Responsibilities|11|
|Independent
Examiner's
report|||12|
|Statement of Financial|Activities||13|
|Statement of total recognised
gains and losses|||15|
|Movements
in Accumulated
Funds|||15|
|Balance sheet|||17|
|Notes to the accounts|||19|
|Oetailed Statement of|Financial|Activities|29|
##
|Trustees|||||||
|---|---|---|---|---|---|---|
|Mr
IVI Hall|||||Resigned|18October 2020|
|li/Ir R Tatam||||Chair|||
|Mrs H Harris||||Vice Chair|||
|Mrs A Lee|||||||
|Mrs L Lloyd|||||||
|Mr D Breyley|||||Appointed|13July 2020|
|Secretary, CEO and||Charity Manager|||||
|Ms L Krlefman|||||||
|Accountants
and|Independent||Examiners||||
|Mr P W Soutter|||||||
|Wills Accountants|Ltd||||||
|Chartered
Certified|Accountants||||||
|Parkway
Court|||||||
|2 Endeavour
House, Longbridge|||Road||||
|Plymouth|||||||
|PL6 BLR|||||||
|BanKers|||||||
|TSB|||||||
|Plymouth
Branch|||||||
|162Armada Way|||||||
|Plymouth|||||||
|PL1 1LY|||||||
|Registered
office|||||||
|Barbican Theatre|||||||
|Castle Street|||||||
|Plymouth|||||||
|PL1 2NJ|||||||
|Charity number|||||||
|601666|||||||
|Company
registration||number|||||
|02323701|||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for the year ended 31 Ma|rch 2021||||||||
|---|---|---|---|---|---|---|---|---|
||||Unreetricled|Restricted||Total||Last Year|
||||Funds|Funda||Funds|Total Funds||
||||2021|2021||2021||2020|
|||||2||||6|
|Incoming resources|||||||||
|Income and endowments|from:||||||||
|Dcnaticna and legacies
Other trading
actlvilisa|||655
2,565|||655
2,565||4,069
31,798|
|Invsetmsnts|||13,728|||13,728|||
|Charitable
activities|||396,007|||398,001||802,168|
|Total income and endowments|||412,955|||412.955||838,6?5|
|Expend/turn
on:
Raising funds
Chariiiabls
activities|||41,908
420.549|||47,908
420,549||53,780
734,437|
|Other|||1,315|||1,315||1,230|
|Total expenditure|||469,772|||469,772||789,447|
|Net Income
/ expenditure|||||||||
|before transfers
between|funds||(56,817)|||(55,817)||49,131|
|Gross transfers
between|funds||||||||
|Net Income iexpenditure|before||||||||
|Other recognised
gains|and losses||(55,817)|||(56.817)||49,131|
|Other recognised
gains|and losses||||||||
|Gains on revs/cation
offixed assets||for char?I)r's own uss|||||||
|Net movemsnt
in funds|||(56,817)|||(56,817)||49,131|
|Reconciliation
offunds|||||||||
|Total funds
tirought
forward|||297,584|95,359||392,943||343,812|
|Total Funds carried forward|||240,?87|95,359||338,128||392,943|
|The nst movement
ln funda|rsfensd to|above is the nel incoming resources||as dallnsd||in the SORP and Ia|||
|raccndled
to the total funds|as shown|in the Balance Sheet on page 29as||required|by|lhs SORP|||
##
##
##
|for the year ended 31 March|2021|||
|---|---|---|---|
|||2021|2020|
|||E|E|
|Turnover||399,227|838,035|
|Direct ccats of turnover||458,457|788,217|
|Gross surplus||(69,230)|49,818|
|Other costs||1,315|1,230|
|Operating
surplus||p0,545j|48,568|
|Realised Gains on investments
Investment
Income(excluding
Interest receivable|interest rcd)|13,325
403|543|
|Surplus on ordinary actlvatss before tax||(58,817)|49,131|
|Surplus for the Rnancial year||(5881|49,131|
|Gift Aid Psymenls||||
|Retained surplus
for the financial year||||
|All activities derive from continuing
operations||||
##
|Statement ofTotal Recognised Gains and|Statement ofTotal Recognised Gains and|Statement ofTotal Recognised Gains and|Statement ofTotal Recognised Gains and|Statement ofTotal Recognised Gains and|Loaaea|Loaaea||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|for the year ended 31 55arch||2021||||||||||||
||||||||||2021||2020|||
|Excess ofExpenditure
over income before reallsatlon||||||ofassets|||56,817||49,131|||
||||||||||(56,817)||49,131|||
|Unrealised
Gains on Investments||||||||||||||
|Gains on revaluation|of fixed assets for||charity's||own|use||||||||
|Net Movement
in funds before||taxation|||||||56,817||49,131|||
|Movements
In revenue and capital|||funda|||||||||||
|for the year ended 31 March||2021||||||||||||
|Revenue accumulated
funds||||||Unrestricted|||Restricted||Total|Last year||
|||||||Funds|||Funds||Funds|Total|Funda|
||||||||2021||2021||2021||2020|
|||||||||2|||||8|
|Accumulated
funds|brought forward||||||5,959||72,345||78,304||79,173|
|Recognised
gains and losses before transfers|||||||55,817||||(58,817)||49,131|
|||||||(50,858)|||72,345||21,487||128,304|
|Transfers
between|restricted
and|unrestricted||funds||||||||||
|Transfers
(to)/from|designated
funds||||||50,858||||50,855||(50,000)|
|Transfers
(to)/from|revaluation
reserve|||||||||||||
|Transfers
(to)/from|fixed asset funds|||||||||||||
|Closing revenue accumulated||funds|||||||72,345||72,345||78,304|
|Designated
revenue funds|||||||||||Total|Last year||
||||||||||||Funds|TotslFunds||
||||||||||||2021||2D20|
||||||||||||2||2|
|At 1 April|||||||||||180,831||130,831|
|Transfer (to)/from|revenue accumulated||funds||||||||50,858)||50,000|
|At 31 March|||||||||||129.973||180,831|
|The purposes for which the designated|||funds|have||been established|are|described||in the|notes to|the||
|accounts||||||||||||||
|Fixed asset funds||||||Designated|||Rsstrictsd||Total|Last year||
|||||||Funds|||Funds||Funds|Total Funds||
||||||||2021||202'I||2021||202D|
|||||||||2||f|f||2|
|At 1 Apriil|||||||||23,014||23,014||23,014|
|Transfer (to)/from|revenue
accumulated||funds|||||||||||
|Transfers
(to)/from|revaluation
reserve|||||||||||||
|At 31 March|||||||||23,014||23,014||23,014|
##
|Revaluation|Reserve|Fund|Fund|||Unrastrlrtad|Restricted|Total|Last year|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funda|Funds|Funda|TctalFunds|
|||||||2021|2021|2021|2020|
|At 1 April||||||110,794||110,794|110.794|
|Transfer
(to)/from revenue|||accumulated|funds||||||
|At 31 March||||||110,794||110,794|110,794|
|Summary|of funds||||Oaslgnatad|Unrestricted|Restricted|Total|Last Year|
||||||Funda|Funds|Funds|Funds|Total Funds|
||||||2021|2021|2021|2021|2020|
|Revenue
accumulated||funds|||||72,345|72,345|78,304|
|Revenue designated||funds|||129,973|||129,973|180,831|
|Fixed asset|funds||||||23,014|23,014|23,014|
|Revaluation|reserve fund||||110,794|||110,794|110,794|
|Total funds|||||240,767||95,359|336,126|392,943|
##
|Company
Number
Balance Sheet
as at 31 INarch 2021|0|2323701|||||
|---|---|---|---|---|---|---|
|||Nots|2021
6||2020
6|6|
|Tangible assets
Investments
Total fixed assets||10
11||269,126
100
269,226||182.325
72,731
255,056|
|Current assets
Debtors
Cash at bank and in hand
Total currant assets||12|30,108
446,592
47670D,||49,267
2411356
289,623||
|Credltors:-
amounts
due within one year||13|(378,300)||(109,736)||
|Nel current assets||||08,4DO||179,387|
|Total assets less current /iab/lilies||||367,626||434,943|
|Creditors: ~
amounts
due after more than one year||14||(31,50D)||(42,00D)|
|Provisions
for liabilities
and rhsrges|||||||
|/Vet assets excluldng pension assetl liability||||336,126||392,943|
|Net assets including
pension|asset|Iliability||336,126||392,943|
|The funds ofthe charity:
Unrestricted
revenue
accumulated
Designated
revenue
funds|funds||129,973||5,959
180,831||
|Unrestricted
capital funds|||||||
|Designated
fixed asset funds
Unrestricted
revaluation
reserve|||1'10794||1111,764||
|Total unrestricted
funds||||240,767||297,584|
|Restricted revenue funds
Restricted revenue
accumulated|funds||72,345||72,345||
|Restricted fixed asset funds
Restricted fixed asset funds
Total restricted funds
Total charity funds|||23,514|95,359
336,126|23014|95,359
392.943|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Opening|Released|Received|Deferred|
|---|---|---|---|---|---|---|
||||Deferrals|from prior|less released|atyear end|
|||||yearsf|In year
f|f|
|Show Income received
Gift voucher income|||26,456
1,081|26,456
1,081|3,339
689|3,339
889|
|St Peter 8 Waterfront|Community||||300|300|
|Youth Music Trust
CRF
Garfied weston
Esmee Fairbaim|||||'I4,940
103,222
135,550
13333|14,940
'I03,222
135,550
13333|
|Total|||27 537|27,537|271 373|271,3'/3|
||||||2021|2020|
||||||f|f|
|These deferrals are included||in|creditors||271 373|27 537|
##
##
|Deferre|d Incomi|ng|Resource|s|8,Reserves- Rest|ricted funds|||
|---|---|---|---|---|---|---|---|---|
||||||Opening|Released|Received|Deferred|
||||||Deferrala|from prior|less released|at year end|
||||||f|yearnf|In year
f|f|
|Esmee
Total|Fairbaim||||19,383
19,383||34,667
34,867|64,050
54,050|
||||||||2021f|2020f|
|These|deferrals|are|included|In|creditors||64,060|19,363|
##
##
##
||Opening|Received|Released|Closing|
|---|---|---|---|---|
||Funds|in year|in year|Funds|
||8|8|8||
|Wired Money
Mayflower 400|2,000
6,857||6 857|2,000|
|Total|8 857||6857|2 000|
##
|||2021|2020|
|---|---|---|---|
|Staff Costs and Emoluments||||
|Gross Salaries||182.532|174.018|
|Employer's
National
Pension Contributions|Insurance|11,821
3,937|12,791
3,961|
|||198,090|190,770|
##
##
##
|Tangible functional
f|ixed assets|||||
|---|---|---|---|---|---|
|||Freehold|Leasehold
f|Plant,
8|Total
6|
|Asset cost, valuation
At 1 April 2020
Additions|or revalued|amount
228,907|115,000|205,111
113,384|549,018
113,3I}4|
|Disposals||||||
|Surplus on revaluation
At 31 March 2021||228907|115000|318,495|662,402|
|Accumulated
depreciation
and
At 1 April 2020||Impairment
provisions
188,513
5,608||172.572|366,693|
|Eliminated
on disposals
Charge for the year
At 31 March 2021||4,039
192552|1,402
7,010|21,142
193,714|26,583
393,276|
|Net book value
At 31 March 2021
At 31 March 2020||36355
40,394|107990
109,392|124781
32,539|269 126
182325|
|Ths depreciation
above includes||impairment
losses of|||15,773|
|Assets included
above which have been revalued||||2021|2020|
|Freehold interest
in|land and buildings;|||||
|Plant and machinery|including
motor vehicles;|||||
##
##
|Fixed Asset Investments|||||||
|---|---|---|---|---|---|---|
|||Property
Investmentsf|Listed
Investments
2||Unlisted
Investments|2021
Total
2|
|Valuation
Market value at 1 April 2020||72,631|||100|72,731|
|Transfer residual
value to Rxed
assets
Impairment
of Investment||(56,758)
(15,873)||||(56,758)
(15,873)|
|Market value at 31 March 2021|||||100|100|
|Total investments
including||cash|At 31 March|2021||100|
|Total Investmenls
Including||cash|At 1April 2020|||22131,|
|||Property
Investments|Listed
Investments||Unlisted
Investments|2020
Total|
|Investment
assets in ths UK
Total market value|||||100
100|100
100|
|||Cost|Market||Cost|Market|
||||Value|||Value|
|||2021|2021||2020|2020|
|Barbican Theatre Trading
Plymouth
Athenaeum
Total|Ltd|100
100||100
100|100
100|100
72,831
72,731|
|12 Debtors|||||2021
2|2020
6|
|Trade debtors
Prepaid expenses
Aocrued income
VAT Recoverable|||||971
4,047
25,000
90
30,108|32,401
5,771
11,095
49,267|
##
|13|Amounts
due after more than one year included
Credltors: amounts
falling due within one year|Amounts
due after more than one year included
Credltors: amounts
falling due within one year|in the total|above are analysed
2021
f|as:-
2020
8|
|---|---|---|---|---|---|
||Bank loans and overdralts|||||
||Trade creditors
Other Creditors
PCC SEIFLoan
Accrued expenses
Obligations
under finance lease and hire purchase||contracts|22,306
10,500
15,288|9,161
1,433
10,500
27,786|
||FAYE and Nl
VAT Payable
Corporation
Tax|||2,767|4,695
253|
||Othertaxes|||||
||Dividends
payable|||||
||Unpaid Pension
Contributions
Funds held for third parties
Deferred income and grants|(see note 7)
in advance (see notes|5and 6)|16
2,000
325,423|131
8,857
46,920|
|||||378300|109736|
|14|Creditors:- Amounts
Falgng due afier one year|||2021|2020|
||Bank loans and overdrafts|||||
||Trade creditors|||||
||PCC SEIFLoan
Accrued expenses|||31,500|42,000|
||Obligations
under finance lease and hire purchase contracts|||||
||Deferred income snd grants|in advance||||
|||||31,500|42,000|
|15|Scoured LoanS and creditOra due afier more than five yeara|||||
||Operating
Leases|||2021|2020|
|||||6||
||within one year|||654|654|
||within
two to five years|||2,126|2,780|
||in over five years|||||
|||||2 780|3,434|
|16|Other Financial Commitments|||2021|2020|
||Related party transactions|||||
||Throughout
the year there were no related party transactions|||||
##
|for|the year ended 31 March 20|the year ended 31 March 20|21||||||
|---|---|---|---|---|---|---|---|---|
|17|Analysis ofthe Net Movement||in|Funds|||2021|2020|
|||||||||6|
||Net resources
applied on|functional||fixed assets|||(113,384)|(11,377)|
||Realised gains on investments||||||||
|18|Particulars of Individual|Funds|and analysis of||assets and liabilities||representing|funds|
||At 31 March 2021|||UnrestrIcted|Designated|Restricted||Total|
|||||funds|funds||funds|Funds|
||||||||8|8|
||Heditage Assets||||||||
||intangible
Assets||||||||
||Tangible Fixed Assets|||269,128||||269,126|
||Investments
at valuation||||||||
||Fixed asset investments|||(72,531)|||72,631|100|
||Programme
related investments||||||||
||Current Assets|||269,949|129,973||76,778|476,700|
||Current
Liabilities|||(324,250)|||(54,050)|(378,300)|
||Long Term Liabilities|||(31,500)||||(31,500)|
||Provisions
for charges||||||||
|||||110794|129,973||8535S|338,126|
||At 1 April 2020|||Unresbicted|Oealgnated|ReatrlCted||Total|
|||||funds|funds||funds|Funds|
|||||8|6||6|6|
||Heritage Assets||||||||
||Intangible
Assets||||||||
||Tangible Fixed Assets|||182,325||||182,325|
||Investments
at valuation||||||||
||Fixed asset investments|||100|||72,631|72,731|
||Programme
related investments||||||||
||Current Assets|||66,681|180,831||42,111|289,623|
||Current
Liabilities|||(90,353)|||(19,383)|(109,736)|
||Long Term Liabilities|||(42,000)||||(42,000)|
||Pension
Asset/Liability||||||||
|||||116753|180,831||95,359|392,943|
##
##
##
|||p-||||||||||||||Ol
I
IO
Ol|CO
Ol
C4|N
W||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||4\
CO|CO
W|N
I||||||||||||||Cc4|||||
|||ggw||N|||||||||||||||||||cl|
|||||||CCr.||C4
CO
N
I||||||5$ woe||||||||||
||||||||||||||||Cl|||||||||
||||||||||||||4||4|||||||||
||||||||||||||Z|||||||||||
||||||||||||||Cl|||||||||||
|||4||||||||||||||||||||||
||||||||||||||||CO|||||||||
||||||||||||||||Cc|||||||||
||||||||||||||||||||||||Cl|
||||||||||||||||||||||||CC|
|||||||||||||||W|O|||||||||
||||||||||||||||||||||||IO|
||||||||||||||Ol|||||||||||
|||||||||Cl||||||||||||PC/
Ot
CO||4||
|||||||||CC
N||||||||||||||||
|'5||||||||||||||||||||||||
|0
45|Cc|||||||||||||||||||||||
|'m
33|||||||l74
OI||||j|j||||||||||||
|'8|4I
4||||||OlE
O||44|~43
K|JS|||O
3||||||||||
##
||unrestricted|Restricted|Total|prior Period|
|---|---|---|---|---|
||Funds|Funds|Funds|TolslFunda|
||2021|2021|2021|2020|
|Incoming Resources|||||
|Donatlona
and Legacies|||||
|Donations|855||665|4 089|
|Total|SSS||666|4089|
|Total Donations
snd Legacy income|sss||||
|Other Trading Activities|||||
|Progmmme
Sponsorship||||330|
|Rent Received|875||875|14,000|
|Misrofsneous
Hire olAudkorlum
Merchandise|ng
1,276
306||ng
1,276
306|2,837
12,427
2,404|
|Total other trading activities|2,988||2JN5|31,798|
|Investment
inCOnre|||||
|Bank deposit Interest received|403||403||
|Incentive for switching
banks|13,325||13,325||
|Total Investment
Income|13,728||13,728|643|
|Income from charitable
activities|||||
|Arts Councg Scuui guest|248,417||249,417|195,120|
|Plymouth
City Council .Core|34,000||34,008|34,000|
|Plymouth
Alhensevm||||77,SOS|
|Other protect gmnbr|23,735||23,735|57,n4|
|Young Apprenbcea
Boxoigm amd Other productions
Courses &training workstiops
Disbursements
Coronsvlrus
Jub Retention Scheme|48,4M
3,9n
5,731
35,782||46,451
s,gn
5,731
35,762|6,776
376,846
7,744
48,983|
|Total Income from charitable activities|3ss Om||398087|802.1SS|
|Other Incoming Resources|||||
|Gains on diepossls cf feed assets used by Charity|||||
|Losses on dlsposals cfheritage assets|||||
|Total Income|412,968|-|412,886|838578|
|||||||ifnrestrloted|RestrlCted|Total|Prior Period|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funda|Funda|Funds|TotslFunda|
|||||||2021|2021|2021|2020|
|Costs ofraising funds||||||e|6|f|f|
|Support cosm for raising||lunds||||||||
|Staffrosie
Stall salaries
Premlsoa costs
Pub0dly 5marke0ng
Dolce COSts
Legal fsaa
Travel 5Subsistence
Daprscia0on olsssala|used|for tundraieing||||0.371
29,714
5,401
816
2,401
322
140
2,045||0,371
y,o31
29,114
20,ei0
3,401
7,003
8102,013
2,491
5,001
322
1.521
140
239
2045
1.411||
|||||||47000||47000|03780|
|Total costa Ofgenerating||voluntary|||income|47000||47908|63'100|
|Charitable
expenditure-|||SuppOR Costs|||||||
|Suppolt coals Ofcharitable|||aCUvloas|||||||
|Diraal aupparl
Ccala||||||||||
|liilsrketlng
ofserviCes||||||7340||7340|18121|
|||||||7340|||10121|
|Management
and admlnialragon||||costs||||||
|in support ofchsrhaofs sctlvides||||||||||
|Slari Coam in supponl
OrCbarirabia||||aaNvniaa||||||
|Salaries -Adminlslraovs|Stair|||||152,018||152,810|140,403|
|Pension Conlrlbuacns|-admlnistrahve||||staff|3,031||3,037|3,081|
|Smploysra'
IVI- Administrative|||staN|||11021||11021|12701|
|||||||160310||100376|102 'f06|
|lndiraal amprayaa
caanr||||||||||
|Travel snd submstence||||||1 333||1313|2,140|
|||||||1333||1333|2 140|
|Pnunlaaa
Coals||||||||||
|Promisor Costs||||||seaos||40aos|70049|
|||||||||40eos|10040|
|oanaral acmlnialradva|avpsnaaar|||||||||
|Bsd debts||||||176||175|1,001|
|ONlcs Admin||||||23,813||23,013|46,551|
|Sank charges||||||354||354|I 494|
|||||||24342||24 342|45710|
##
|||||t)nrestncad|Resbictsd|Total
Prior|parlOd|
|---|---|---|---|---|---|---|---|
|||||Funda|Funds|Funds
TotslFunds||
|||||2021|2021|2021|2020|
||||||2|E|2|
|pmlhcclunxr
thea in Suppen or charilaae ccdvider
Legal, professional
and conauhsnoy
fess||||2,900||2.900|'l3,743|
|||||2900||2900|13743|
|Orher support costs
Depredadon
ofassets vaedforchariblbls
purposes
Amortisaeon
of inalrenabts
It hiatcric assets||||23,938
15,873||23,938
IS,873|13,873|
|produalon
coals
Smif rmcla||||91,739
35,104||91739
36 104|307888
39844|
|||||187654||tey s54|421sog|
|Total Support coats||||420 64$||420 549|734437|
|Total Expended
on Charitable|Aotlvltlss|||488,487||469,457|788,217|
|Osier Costa||||||||
|t)ther cosa
Independent
Examiners Fees||||1,315||1,315|1,230|
|Cnher fess paid toIhc Exsminem/auditors||||||||
|Depredation
oftixad asseh used lor governance
Total other costs||||1,315||1,316|1,230|
|Analysis of transfers
bshveen|funda|||||||
|Transfer tor(lmm)
unrestricted||||60,858||60,858|(60,000)|
|Trarisler to/(fmm)
Iaatricbld||||||||
|Transfer toi(from)
unrrevelraserve||||||||
|Transfer toi(from)
res ravel reserve|to be analysed|||fvrlher||||
|Transfer td&fmm)
dea fm Saa to be|anslyaed||further|||||
|Tmnsfer to/pmm)
Transfer td&rrom)
Transfer tof(from)
rss fme asset reserve
designated
designated||||(50,858)||(60,858)|50,000|