Charity Registration No. NIC105804 Cornpany Rggistration No. N1602830 (Northern Ireland) WATERSIDE THEATRE COMPANY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 20Z1 WATERSIDE THEATRE COMPANY LIMITED CONTENTS Page Charity infomiation Trustees, report Independent examiTreVs report Statement of finanrAal activities Balance sheet Notes to the accounts 10-20 WATERSIDE THEATRE COMPANY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms EJ Barber Mrs M Mulhem Mrs B Stevenson Mr B Dowdall Mrs J Mcmaster Ms M Keys Secretary Miss M Wallace Charity number NIC105804 Company number N1602830 Registered office Waterside Centre Glendemiott Road Londondery BT47 6BG Independent examiner Moore INI) LLP 21123 Clarendon Street DerylLondondery BT48 7EP Bankers AIB Bank Meadowbank Strand Road Dery-Londondery BT48 7TN Solicitors Gillan, Barr & Co Solicitors 41 New Row Coleraine Londonderry BT47 6BG WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their report and ffinanctal statements for the year ended 31 March 2021. The accounts hav2 been PTepared in accordance wth the accounting policies set out in note 1 to the accounts and comply with the charitys goveming document. the Companies Act 2006 and "A¢ox)unting and Reporting by Charities- Statement of Recommended Practsce applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20151" Objectives and activities Our Ifision. Mi55ion and Values Waterside Theatre Company Limited prwdes arts based programmes of perforniance, educational and community development activity for people of all ages and abilitie5, impacting locally and regionally throughout ITelandlUK 8nd irrternationally. Ourwision We aim lo pl8ee the arts at the heart of Londondetrtys regeneration. We are committed to challenge, to innovation and to growth and as such have a strategic role as a key cuttur81 facility in one of the UK'S most dynamic cities. The vision of Waterside Theatre Company is-. To provide one of Morthern Irelands leading centres for the arts.. The Gompany's Vision. Objectives and Core Values drive our goals. aspirations and artistic policy. Our Mission Waterside Theatre Company Limited has adopted the following mission statement in 3CcOrdan￿ with its aims, objectives and constitutional status.. '￿0 make high quality arts accessible to everyone." Ourvalues All our work is driven by our core values.. Achieve artistic quality and excellence in all th81 we do. Serve the whole community, including people who are not regular or ¢ornmitted arts attenders as well as our loyal audiences. Ofter equal opporturnities for all to benefft from vthat we have to offer. Have good links locally with all groups in the coM￿unity, re80hing people thrDugh off-site work as well as through venue based work, meeting the needs of many different interest groups and different age groups. Have excitement and energy. experiment and be innDvate, wtlling to take risks. Give practitioners the opportunitlES and the ￿rcumStan￿5 in which their professional work can develop. Nurture artists and encourage original contributions to the practi￿ of their artfomis. Promote a breadth of cultural range and forms. Develop contemporary and international links, as befits an outward looking company which thinks differently, embraces evolution and champions change. Be culturally indu5ive as well as soaally indusive. Have a positive impact on people's atbtudes, expectations and understanding, through communty projerts, outreach programmes and both forrllal and informaj education work. Help people explo￿ and develop their cuttural understanding. Provide the best possible customer service, because we know that our audience's expectstions are high and rising and that we must meet their needs and compete effectively with other CU￿Ural and leisure choices if we are to desetve people's loyalty. WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT ICONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what actiwties the charity should undertake. Achievements and perfonnance All theatre and arts venues in the UK were ordered to close on 16th March 2020 because of the Coronavirus pandemic. We were initialty lead lo believe that this would be for a period of three weeks but as lime went on this extended into six months. Just as we were preparing to open again in October, the govemment announced a second lockéown and we were once again forced to dose and were not pemitted to reopen before the end of this financial year. In response tr) lockdown and being unable lo work with our partner organisalions and participants in their community settings we quickly developed and Introdu￿ a number Df weekiy virtual workshops for trial online. We were awarded funding from Community Foundation Nl to nJn the workshops over 10 weeks from mick April. Demand for these was 0Ven￿he1mIng - we had 82 people sign up for art cjasses including pupils frorn three rural and urban schoo15 in high ranking super output areas ISOAS), 22 pupils from Dmagh Academy la school we had previously never worked withl for creative writing for young people. 15 more for creative writing for adults. 22 young people registered for mixed art classes wth music and drama. 16 thildren engaged in public Jo Jingles classe5 and 15 more with private classes for Sureslart, 15 young people worked on peer issues with our resident Ulidian Youth Drama Group and 90 older people living in three residential care homes enjoyed various arts and crafts virtual workshops. The pilot programme of virtual workshops was so successful that we were awarded further fvnding from Community Fund Awards For Al lo conb'nue these classes over the summer and into autumn. When restrith.ons are lifted we will reintrod{J￿ fa￿10-face actiV4ties but maintain elements of this online actimty. We will continue lo explore ways to provide opportunities for local children anLI young people to engage in ftjn, Greative. educational experiences in safe. r¢urturing seth'ngs, facilitated by artists and mpanies wrth the highest reputation of delpiering quality work in the fields of youth work and thildren's theatre. Financial review Total income for the year wa5 £242,097 of which appr0￿MatelY 100Q/o was generated from contracts an grants and 00/0 from donations, legacies and fvndraislng activities. Total expenditure wa8 £207.180. 1 OOO/o of this was expended on direct charttable activities. The balance on total funds al the Year￿nd was £125,6D5 of which £84.788 was unrestricted in nature, £31,312 was designated in nature and £9,505 was restricted. Reserves Policy The TTUStees Gonsi(Ser it prudent to hold monies in reseTrve in the event that unforeseen circumstances should lead lo financial difficulties which might put the future of its employment capaoty, users. well-being and general charitsble work in jeopardy. The Trustees have exarnined the ch8rity's requirements for reserves in light of the main risks to the organisation and established a fomial policy Mthich stipulates that free reSe￿&S be maintained at a level which ensures that the chariws core activity could continue during 3 period of unforeseen difficulty. Free reserves are defined by the Trustees as unrestricted income funds freely available for use as the charity so determines and thereby excludes any funds committed. invested in tsngible fixed assets held by the tharity and restricted or designated funds. The Trustees has assessed the major risks to which the charity is expased, and are satisfied that systems are in place to mitsgate exposure to the major risks. WATERSIDE THEATRE COMPANY LIMITED TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 Plans for the future In the year ahead, our plar7s will be very much dependent on the govemment's response to the ongoing Coronavirus p8ndemic and the restrtctions they pla￿ upon theatres and arts venues. However. we aim to continue lo offer year-round activity for those most in need. That will invo￿8 using modem technology to deliver our work online and blend it with face-to-face activities when permitted to do so. We intend lo continue lo expand our work in the community to provide access lo facilities 2nd seNices so young people from ethnic minority backgrounds, young people from areas of disadvantage, people with disabilities and the eldedy, can derive the social, health and educational benefits that come from engagement in the arts. Structure, governance and management Governing document Waler5ide Theatre Company Limited is a company limited by guarantee and accepted as charitable by HMRC under reference XT 24141. The company was incoTporated on 14th October 2010. The company was established under a Memorandum of Association which estsblished the objects and powers of the company, and 15 govemed by its Artides of Association. The liability of members is fimited in that every member of the company undertakes to contribute an amount not eX￿eding £1 in the event of the company being wound up. The Trustees: who are alsD the direclDrs for the purpose of company law, and who served during the year 8nd up to the date of signature of the financial statements were.. Ms EJ Barber Mrs M Mulhem Mrs B Stevenson MT B Dowdall Mrs J Mcmaster Ms M Keys Recruitment and appointment of the Trustee5 Under the requirements of the Memorandum and Articles of Association untess otheTwise determined by the company in General Meeting the number of Trustees shall not be less than five. Trustees are elected to serve only until the nextAnnual General Meeting 8t which they shall then be eligible for re-election. In the financial year no new Trustees were appointed and none resigned. The Board as a whole was approved by the AGM and continues lo monitor its membership. Risk Management The Trustees are aware ot the major risks lo which the charity is exposed. Where approprlate, systems or procedures have been established to mitigate the risks the charity faces. Intema5 control risks are minimised through the procedures for authomsation of all transactions and projects. Procedures are in place lo ensure compliance with applicable13ws and regulations. These procedures are reviewed periodically to ensure that they Continue to meet the needs ofthe charity. Organisation Structure The Board of Trustees consists of six members who administer the charity. The Trustees are responstble for the strategic direction and policy of the organisation. The Twstees are from a variety of professional backgrounds relevant lo the work of the charity. AJI members of the B08rd of Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclairned from the chaiity are set out in the notes lo the finanual statements. A scheme of delegation is in place and responsibility for the provision of services rests with the FoLtndation's Executive Director. who is responsible lor the day to day operational management of the charity. WATERSIDE THEATRE COMPANY LIMITED TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2021 ststement of Trustees. responsibilities The Trustees. who are a150 the director5 of Waterside Theatre Company Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pra¢tice)- Company Law requires the Trustees to prepare accounts for each financsal year which give 8 tnJe and fair view of the slate of affairs of the charity and of the incoming resources and applicab'on of resources, indu4Jing the income and expenditure. of the charitable company for that year. In preparing these accounts. the Tru*ees are required to.. - select suitable acco(Jnting policies and then apply them consistently, - observe the methods and principles in the Charities SORP,. - make judgements and estimates that are reasonable and pnjdent., stale whether applicèble UK AccoLJnting Standards have been followed, subject to any material departures disdosed and explained in the accounts- and prepare the accounts on the going GOn￿M basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting rewrds that disdose %wth reasonable aGcur8cy at any lime the financial position of Ihe charity and enable them to ensure that the accounts comply with the Companies Act 2006. They 8re also responsible for safegu8rding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees, report was approved by the Board of Trustees. Ms EJ Barber Trustee Dated.. 21 De￿mber 2021 WATERSIDE THEATRE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WATERSIDE THEATRE COMPANY LIMITED We report on the accounts of the chanty for the year ended 31 March 2021, which are sel out on p8ges 7 to 20. Respective responsibilitiés of Trustees and examiner The trustees, who are also the directors of Waterside Theatre Company Limited for the purposes of company law. are responsible for the preparation of the aGcounts in a¢cDrdan¢e with the requirements of the Comp2nies Act 2006. Having satisfied ourselves that the charity is not subject to audit under company law. and is eligible for independent examination. r( 15 our responsibilty to.. examine the acc£Junts under section 65 of the Charities Act fill follow the protsdures laid down in the general directions given by the Chaiity Commission for Northem Ireland under section 6519)(bl of the Charities Act {iiil state whether particular matters have come lo our attenlion. Basls of independent examinerfs report We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordanGe with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act. The examination induded a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual iterns or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. Our role is lo ststs whether any material matters have come to our attention giving us cause lo believe.. 1. That accounting records were not kept in accordance wth section 386 of the Companies Act 2006 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of se￿10￿ 396 of the Companies Act 2006 and with the methods and principles of the Charits"es Statement of Recommended Prackn"ce applicable to charities preparing their accounts in accordance wth the Financial Repo￿.ng Standard appfi¢abl8 in the UK and RepLfblic of Ireland 4. That there is further information needed for a proper understanding of the ac￿Unts to be reached. Independent examinevs statement We can wnfirm Ihal we are qualified lo undertake Ihe examination because we are registered members of Ch8rtereil Accountants Ireland which is one of the listed bDdies. We have completed our examination and have no concems in respect of the matters 111 to 141 listed above and, in connection with followng the Directions of the Charity Commission for Northem Ireland, we have found no matters that require drawing to your attention. Moore (ND Chartered Accountants Ireland 21123 Clarendon Street DerylLondgndery BT48 7EP Dated.. 21 De￿rnber 2021 WATERSIDE THEATRE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Current financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2021 2021 Total Total 2021 2021 2020 Notes come from- Grants and donations Charitable activthes 152,590 1478) 152,590 89.507 150.969 117.321 89,985 Total income 152.112 89,985 242,097 268,290 enditur Charitable actinitbes 131,734 6,797 68,849 207.180 261.458 Incoming resour¢es before transfers 20.378 16.79n 21,336 ¥917 6.832 Net incoming resources before transfers 20,378 (6,79n 21,336 34.917 6,832 Gross transfers be￿een funds 16.498 116,498) Net income for the yeaTI Net movernent in funds 36,876 16.797) 4,838 34.917 6.832 Fund balances at 1 April 2020 47,912 38.107 4,667 90.686 83.854 Fund balances at 31 March 2021 84,788 31,312 9,505 125,605 90.686 The statement of finanual activities includes all gains and [￿e$ recognised in the year. All income and expenditure derive from continuing aetivtties. The statemerrt of financial aclimties also complies with the requirements for an income and expenditure aGcourrt under the Companies Act 2006. WATERSIDE THEATRE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Prior financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2020 2020 Total 2020 2020 Notes In ome from: Grants and eonations Charitable activities 150,969 95,732 150,969 117,321 21,589 Total income 246.701 21,589 268,290 enditure on: Charitable aclimties 217,788 18,148 25.523 261,458 Net incoming resource5 before transfers 28.913 118,1481 (3,933) 6,832 Gross transfers be￿een funds {8) Net income for the yearl Net movement in funds 28,921 118,148) 13.941) 6,832 Fund bal8nce5 at 1 April 2019 18.991 56.255 8.608 83.854 Fund balance$ at 31 March 2020 47,912 38,107 4,667 90,686 The ststement of finanaal activities includes all gains and losses recognised in the year. l income and expenditure derive from ¢ontinuing activities. The statement of financial actimties also complies with the requlrements for an income and expenditure accounl under the Companies Act 2006. WATERSIDE THEATRE COMPANY LIMITED BALANCE SHEET ASAT31 MARCH2021 2021 2020 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 32.927 40,209 21.117 80.163 17.311 64.003 101.280 81.314 Creditors: amounts falling due within one year 18.6021 {30.837) Net Gu￿ent assets 92,678 50,477 Total a55ets less ¢urrent liabilities 125,805 90,686 Income funds Restricted fvnds Unrestricted fund5- designaled Unrestricted funds- general 11 9.505 31,312 84788 4,666 38,108 47,912 125,605 90.686 The Company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021. The directors acthf>wledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to ao)Junting records and the preparation of financial statements. The members have not required the company to obtain an audit of its finanual statements for the year in question in accordance with section 476. These finanual ststements have been prepared in accordance with the provisions 8pplicable to companies subject to the small companies regime. The financial st8tsments were approved by the Trustees on 21 December 2021 Ms EJ Barber Trustee Company Registration No. N1602830 WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Charity infonnation Waterside Theatre Company Lim¥ted is 8 private company lim((ed by guarantee incorporated in Northem Irelan(S. The registered ofTice is Waterside Centre. Glendermott Road. Londonderry. B T47 6BG. 1.1 Accounting convention The financial 5tatemerrts have been prepared in accordance ￿th the charity's tgoveming docuTnent]. the Companies Act 2006 and 'Accounting snd Reporting by Ch8ri1ies-. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. The charity 15 a Public Benefit Entily as defined by FRS 102. The charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterfing. which is the fun¢tyon81 currency of the charity- Monet8ry amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounkn.ng policies adopted are set out below. 1.2 Going coneem At the tirne of approving the financial statements, the TTUStees have a reasonable expectation that the charity has adequate resources to conts'nue in operational existence for the foreseeable future. Thus the Tnjslees continue to adopt the going Coll￿rn basis of accounting in preparing the Iinancial ststements. 1.3 ChaTitable fund5 Unrestricted funds are available for use at the discretion of the Trustees in furtherance (Jf their charitsble objectives. Designated funds comprise funds which have been set aside at the discretion of the Trustse5 for speciffc purposes. Restricted funds are subjett to specific conditions by donors as to how they may be use(S. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Incoming resources Income is recognised when the charity is legally entttled to it after any performance conditions have been met. the amounts can be measured reliably, and it is probable that income will be ￿ceIVed. Cash donations are recognised on receipt- Other donations are reGDgnised once the charity has been notified of the donats"on, unless performance conditions ￿quire deferr21 of the amount. Income t8X recoverable in relation to donations received ijnder Gift Md or deeds of ¢oven8nt is recognised at the time of the donation. Tumover from other trading activiti8s is measured at the fair value of the consideration received or receivable and represents amounts re￿1vable for services provided in the nomial course of business. 10- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting polÉcies {Continued) 1.5 Resources expended Expenditure is recognised On￿ there is a leg81 or consthjctive Dbligation to make a payment to a third paty, it is probable that settjement W511 be required and the amount Df the obligab.on can be rneasured retiably. Irrecoverable VAT is charged as a cost against the actiwty for which the expenditure was incurred. Expendrture on charitsble activities includes the costs of services undertaken to further the purposes of the charity and their associated support costs. 1.6 Tangible fixèd assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. net of depreciation and any impaimient losses. Depreciation is recognised so as lo write off the cost Of valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 12.59A straight Ilne The gain or loss arising on the disposal of an asset is determined as the differen￿ between the sate proceeds and the carying value of the asset, and is recognised in net incomellexpendtturel for Ihe year. 1.7 Impairnient of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indicatlDn exists, the recoverable amount of the asset is estimated in order trj determine the extent of the impairment loss Irf any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand and bank overdrafts. Bank overdrafts are shown wthin borrowings in Current liabilikn'es. 1.9 Financial instruments The charity has elected to appty the provisions of Section 11 'Basic FinancAal Instruments, and Section 12 'Olher Finanaal Inslnjments Issues. of FRS 102 to all of its financial instruments. Finanryal in51rurnents are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offseL with the net amounts presented in the financial ststements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intenlion to settle on net basis or to realise the asset and sethe the liability simultaneously. 8asic financial ￿￿ets Basic financial assets. which include debtors and cash and bank balan￿$, are initially measured at transaction price includiny transaction cos15 and are subsequently ¢arried at amortised cost using the effective interest method unless the arrangernent constitutes a financing transaction. where the transaction is measured al the present value of the future receipts discounted at a mathet rate of interest. Financial assets classified as receivable within one year are not amortised. 11 WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accounting policles {Continuedl BasiG financial lffabilities Basic financial lisbililies, including creditors and bank loans are Initially recognised at transaction pri unless the arrangement constitutes a financing trans8cts"on, where the debt instrument is measured at the present value of the fvture payments discounted at 8 market rate of interest. Finanual118bilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amoTtised cost, using the effective interest rate melhod. Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are cL2ssified as current liabilities if payment is due within one year or less. 11 not, they are presented as non-current liabilities. Trade creditors are recognised initially al transaction price and subsequently measvred al amorttsed ￿st using the effective interest method. De￿OgnitIOn of financial liabilities FinancAal liabilities a￿ derecognised when the charitys contractual obllgations expire or are discharged or cancelled. 1.10 Taxation The company is a charity and is recognised as such by HM Revenue & Customs under the charity tax reference f24147. As a result, there is no liability to taxation on any of its income. 1.11 Employee benefjts The cost of any unused holiday enlttlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised irnmediatety as an expense when the tharity is demonstrably committed to lerminale the employment of an employee or to provide termination benefits. Critical accounting estlmates and judgements In the application of the charity's accounting policies. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readity apparent from other Sour￿5. The estimates and associated assumptions are based on historical experience and olherfactors that are considered to be rdevanl. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recDgnised in the pertod in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. -12- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Grants and donatlons 2021 2020 Donations and gifts Income receivable for CORE 8cliMties 3,105 147,864 152,590 152,590 150.969 Donatlons and glfts Waterside Credit Union lan McKe118n 1,000 2,105 3.105 Income receivable for CORE a¢tivities Arts Council Nl DCSDC ISPS Limited 124,384 11.817 16,389 124.384 12,980 10,500 152,590 147,864 13- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable activities 2021 2020 Performance related grants Ancillary trading income Charitable rental income Other income 89,985 2,240) 2.387 16251 21,589 77,620 15.539 2.573 89.507 117.321 Analysis by fvnd Unrestricted funds- general Restricted funds {478} 89.985 89,507 Forthe year ended 31 March 2020 Unreslricled funds- general Restri¢ted fvnds 95.732 21.589 117,321 Perfomance related grants ACNI Clear Project DCSDC Halifax AOP Intergenerational HMRC Job Retention Scheme CFNI ComrnunilyArts Community Fund 34.841 4,097 2,552 3,960 4,180 6,800 5,499 30.316 5.000 7,920 2.960 89.985 21.589 14- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable adivitles 2U21 2D20 Depreaation Stsff costs Programme costs Artists. costs Publishing and marketing costs Member Fees Bar and gallery costs 7,282 30,316 38,333 4,024 1,234 100 19,174 25,523 39,284 7.751 4.162 81,289 95,894 Share of support costs (see note 61 Share of governan￿ costs Isee note 81 117.406 8.485 160,153 5,411 207,180 261,458 Analysis by fund UnrestriGted funds- general Unrestricted funds- designated Restricted funds 131.734 6,797 68,649 207,180 For thè year ended 31 March 2020 Unrestricted funds- general Unrestricted funds- designated Restrictecl fijnds 217.788 18.147 25,523 261.458 15- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Support Gosts Support Governance ¢osts costs 2021 2020 8a5is of allocation Wages and salaries Staff costs Premises costs Administration costs Bank ch8rges Sundry costs 75.008 396 39.757 1,323 922 75,008 396 39,757 1,323 922 105,315 Staff time 943 Staff lime 49,798 Slaff lime 1,432 Slaff time 2,084 Staff time 581 Staff time Accountancy fees Legal and professional Insuran￿ costs 2.500 2,539 3A46 2,500 2,539 3,446 2,513 Govemance Govemance 2,898 Govemance 117,407 8.485 125.892 165,564 Analysed between Charil3b5e activities 117.406 8,485 125,891 165.564 Employees The average monthly number of employees during the year was.. 2021 Number 2020 Number Employment Costs 2021 2020 Wages and salaries 75,008 105.315 16- WATERSIDE THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Tangible fixed assets Fixtures and ffttings Cost At 1 April 2D20 153.392 At 31 March 2021 153,392 Depreciation and impaimient At 1 April 2020 Depreciation charged in the year 113.183 7,282 At 31 March 2021 120,465 Carrying arnount At 31 March 2021 32.927 At 31 March 2020 40.209 Debtors 2021 2020 Amounts falling due within one year: Trade debto Other debtors Prep8yments and accrued income 7.969 12.419 729 12,103 4,638 570 21.117 17.311 10 Creditors: amounts falling due within onè year 2021 2020 Other taxation and soGial security Trade creditors Other creditors Accruals and deferred income 1.629 3,948 7.777 3.751 16.389 2,920 3,025 8,602 30,837 17- y ¢ry • ¢> VOLYIDVQ t4 Qej ¥> C¥ P4 ty VJ (ntcz E EZZ USLL o OUL) <