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2023-03-31-accounts

Cardboard Citizens

Report and financial statements For the year ended 31 March 2023

Company number: 2938531 Charity Number: 1042457

Cardboard Citizens

Contents

For the year ended 31 March 2023

Reference and administrative information ...................................................................................... 1 Chair’s report.................................................................................................................................. 2 Trustees’ annual report .................................................................................................................. 3 Independent examiner’s report .................................................................................................... 17 Statement of financial activities (incorporating an income and expenditure account) .................. 18 Balance sheet ............................................................................................................................... 19 Statement of cash flows ................................................................................................................ 20 Notes to the financial statements ................................................................................................ 21

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Faun at Theatre503, 2023. Image: Von Fox Productions
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The Trustees present their report and financial statements for the year ended 31 March 2023.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

Company number 2938531 2938531
Charity number 1042457
Registered office and
operational address		 77a Greenfield Road London
E1 1EJ
Country of registration England & Wales
Country of incorporation United Kingdom
Trustees Trustees, who are also Directors under company law, who served
duringtheyear and upto the date of this report were as follows:
Marcus Bernard Appointed in February 2023
Chris Bull Treasurer / Head of Finance Committee
Appointed in July 2022
Ayesha Casely-Hayford Appointed in February 2023
Linden Ife Resigned in February 2023
Charlie Josephine Appointed in February 2023
Ajeet Jugnauth Appointed in February 2023
Chris Jullings Resigned in December 2022
Jenique McNaught Vice Chair / Chair of Development Committee
Sacha Milroy Trustee
Jon Opie Trustee
Andrew Pattison Resigned in February 2023
Prue Skene CBE Chair
Matthew Xia Vice Chair
Key Management
Personnel		 Lisa Briscoe Executive Director & Joint Chief Executive
Katherine Harding Director of Development &
Communications
Flora Newbigin Director of Programmes
Clare Robertson Executive Producer
Chris Sonnex Artistic Director & Joint Chief Executive
Jessie Wyld Head of Engagement
Bankers National Westminster Bank Plc Tower
Bridge Branch
P.O. Box 9765
201 Tooley St
London, SE1 2ZH

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Cardboard Citizens

Trustees’ report

For the year ended 31 March 2023

This year enabled delivery of a renewed full programme under Chris Sonnex’s artistic leadership, carefully supported and driven by Lisa Briscoe as Executive Director. The organisation has taken all the benefits of its history and experience and combined this with new energy and renewed purpose to launch a programme of work for people and audiences with experience of poverty, homelessness and inequity. Our public productions have gathered critical acclaim and we have increased our emphasis on building great partnerships across the arts, social and academic sectors, with a view that more can be done if we all pull together in this post pandemic climate.

We have now entered a new chapter in our history, characterised by the following:

During the year three valued trustees, Linden Ife, Chris Jullings and Andrew Pattison, came to the end of their terms of office; sad as we were to lose them we were delighted that through a recruitment drive we were able to appoint five new trustees, all of whom bring new skills and experience to the Board: Marcus Bernard, Chris Bull, Ayesha Casely-Hayford, Charlie Josephine and Ajeet Jugnauth. I would like to thank everyone who has made Cardboard Citizens what it has become today - Members old and new, trustees and staff past and present, and all of the funders and donors who form part of the wonderful growing alumni that this organisation represents.

We look forward to continued development, ambition and opportunity together with you all.

Prue Skene CBE Chair

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Cardboard Citizens

Trustees’ report

For the year ended 31 March 2023

The Trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The Trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the Trustees to ensure that the charity's aims, objectives and activities remained focused on its stated purposes. The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.

Objectives and activities

Cardboard Citizens’ objective is to advance education for the public benefit by promoting the arts, particularly, but not exclusively, the art of drama.

Vision

Our work will bring more people closer together to make new citizens, united by the communal want to build a better society.

The theatre and stories we share inspire and activate people from diverse communities to empathise, connect and tackle injustices, individually and collectively.

Our work will increase representation of and access for people with lived experience of homelessness, inequity or poverty to experience and work within the arts.

Mission

Cardboard Citizens creates work with and for people who experience homelessness, poverty or inequity. We provide theatre, art, and training that explores, interrogates, and challenges the injustices that are most alive in our world. We believe that theatre and art can transform. That it can challenge the individual to grow and ignite a fire in the belly of wider society to change. We create spaces where communities come together to heal, connect, find joy and create new possibilities together.

When people make work or train with us, we create a shared belief that our work, voices, and lives will never cease to be important and heard. Together we create a world that we want to see. A world where we can challenge what society said you should achieve and be. Where art is seen as one of the most important and joyous things that humans can create. Where the barriers that stop people expressing themselves and accessing equity are dismantled so that we can see and create our version of justice together. All while making or learning to make the best art we can.

Beneficiaries of our services

Cardboard Citizens works with people with experience of homelessness, poverty or inequity, many of whom become Members of our company and contribute to our work in the long term. We have worked to voice and challenge the systemic cause of homelessness since our inception and now incorporate poverty and inequity – two factors which greatly increase the risk of homelessness - in our central mission.

Our Membership includes people who are or have been homeless or vulnerably housed, people on low incomes or living in extreme poverty, unemployed people, people with experience of the criminal justice and care systems, people from LGBTQI+ communities, from Global Majority ethnicities, as well as those living with disabilities, mental or physical health issues.

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Cardboard Citizens Trustees’ report For the year ended 31 March 2023

Achievements and performance

At the beginning of 2022, Cardboard Citizens planned outcomes were set as follows:

Audiences

People with lived experience of homelessness, poverty or inequity

Our local community and peers

Our activity

  1. Workshop Programme – theatre, workshops, training and support for people over 25 years of age, with experience of homelessness, poverty or inequity.

  2. Cardboard Collective – our youth music programme for young people aged 16-25, with experience of homelessness, poverty or inequity.

  3. Citz Futures Traineeship – offering paid placements for people with lived experience of homelessness or poverty to shadow industry professionals in backstage roles.

  4. Public Programme – public facing theatre for social change and other commissions.

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

1. Workshop Programme and Members’ activity

We relaunched our Workshop programme in April, offering creative training, transferable skills, and support for wellbeing to our Members over 25 years of age who sign up to our programmes. Our refreshed year-round Citz Writers and Citz Theatre Makers programmes each comprise 12 weeks of training delivered three times a year, led by established and acclaimed artists and creatives with lived experience of homelessness, poverty, and inequity, including Anna Jordan ( Killing Eve, We Anchor in Hope ), Leo Butler ( Lucky Dog, Boy ), emerging theatre makers Georgia Green, Diyan Zora, Emma Baggott ( Wonderful World of Dissocia, Dennis of Penge ) and Steven Kavuma (Head of Programming at Seven Dials Playhouse). Over 200 Members have accessed our Workshop Programme this year.

We created an open access space for Members to meet and learn, engaging 61 people across 13 sessions. Artists and topics have included:

Member progression and support

Alongside creative workshops we continued to deliver our pastoral Information, Advice and Guidance Service (IAG), supporting Members over the past 12 months. Members accessed 226 IAG. Sessions have been focused on emotional support to Members, ensuring we are being proactive in reducing the impact of loneliness and isolation. Tackling financial hardship, mental health and physical health support have also been recurring needs over the last year, demonstrating the impact of rising cost of living and continued strain on health services.

In April 2023, we conducted a Member Survey to reflect on 2022-23. Key findings were as follows:

We also trialled the Five Ways to Wellbeing survey; a measure developed by the National Health Service, key results were as follows:

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

We continue to focus on creating opportunities for Members to lead and gain employment through our work. This year alone we facilitated 57 employment or volunteering opportunities for 40 individuals. Employed Members receive payments above London Living Wage and in line with Independent Theatre Council’s ethical employment payment scale and all expenses are renumerated for volunteers. Paid opportunities have included:

Members progressed through additional activities including:

Members have regular routes to input into our strategy through:

Anne recently completed the Cardboard Citizens’ theatre making programme and below she talks about the impact the programme had for her:

I was struggling for money all the time after being made homeless in an unlawful eviction. Even though I was working, I was made homeless and left impoverished by the experience with no help at all. It was awful.

A friend strongly recommended that I contact Citz and get involved.

The theatre-making workshop was a unique, therapeutic experience. What you learned was that professionalism involved treating other people with respect is important in a working environment. There was a positive experience of people working together from all different levels of experience and with different things that have happened in their lives. And that's the thing about theatre – it creates a universal goal to work towards. It connects history, it connects generations, and it connects us with humanity.

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Anne at Citz HQ.
Credit: Vicky Ream .
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Since writing this, Anne’s piece was selected and showcased as part of an event at the London Transport Museum. The thing that made the most impact on me was the way that it affected the audience, the people who were watching it, the people who had paid to see it. And it means that you've given a genuine voice to a community of people. And that's what's important because they do deserve a voice.

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

2. Cardboard Collective

We relaunched our young people’s workshop programme as Cardboard Collective in July 2022: a reimagining of our offer for young people aged 16-25 with experience of homelessness and poverty, offering music-based training. The programme offers access to training in music production, performance, marketing, and event management. It aims to help young people build their confidence and wellbeing with a supportive network of peers and industry experts and equip themselves with transferable skills to progress into employment or entrepreneurship in the creative industries. Workshops are facilitated by diverse professional artists and creatives from a range of disciplines. Our Autumn 2022 12-week course culminated in the Collective’s performance of their original songs at Cardboard Collective’s Takeover Event at Rich Mix in East London. Our Spring 2023 12-week course culminated in the Collective writing and recording original songs. The Collective performed at an album launch event at World Heart Beat Embassy in May 2023.

Our post-programme evaluation with participants showed:

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Lone Wolf, J Cocoa, SBHarbs, Cardboard
Collective takeover event, RichMix, 2022
Credit: Aaron Imeure.
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What we’ve achieved this year:

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

3. Citz Futures Traineeships

In April we launched our Citz Futures Traineeship programme, which offers paid work experience to people with experience of poverty and homelessness on our professional touring productions.

In 2022-23, the Citz Futures Traineeship enabled us to:

It brought me out of my shell and I am excited in starting a new chapter and what this means for myself. I felt comfortable due to the support, felt comfortable to speak, given different options of moments and times where I can check in, ask questions.

Citz Futures Trainees

Our first 4 trainees shadowed members of the creative team on our Community Tour of Bangers . We also offered an additional placement on a voluntary basis due to one of the trainee’s age and restrictions around employment and payment. Trainees were appointed to shadow lighting design, direction, stage management, set and costume design. Through their placements they received regular mentoring and practical guidance from industry professionals, pastoral support from Citz staff and opportunities to see work and working practice in London partner theatres.

In an evaluation session with trainees:

Our second group of Citz Futures trainees were recruited in the new year to shadow roles on Faun. As a result of the evaluation from trainees’ experience on Bangers , positive changes were made to the recruitment, induction, and trainee support practices.

Francis recently participated in Citz Futures, completing a paid placement with The Upsetters, a professional theatre company putting on a show at Soho Theatre. Here he talks about what he discovered from this process:

I got involved with Cardboard Citizens accidentally. I saw a play they did when I was at Crisis, and I got recruited from there. I'm still in the process of learning, but good stuff. What I've realized is that we all have stories in us and when you create it's something that comes from you. It's something authentically about your own lived experience situation, certain topic, certain things. We're getting to tell our own story. I realise I can actually create my own work and keep being me. We continue to learn and sometimes we are not even aware we’re learning because working as an ensemble is very collaborative. But when you are creating your own work, whether it’s writing or improvising you are learning without realising.

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

4. Public Programme

Bangers community theatre tour and workshops

Bangers by Danusia Samal was a co-production with Soho Theatre that also went to hostels and community centres across London. The play traced the highs and lows of a group of young Londoners navigating love, sex, sexual identity, relationship breakdown and housing insecurity.

Follow-up workshops engaged young people with the themes of the play. We reached 113 people aged 1625, 32 of whom signed up for Cardboard Collective.

The tour reached 619 people with lived experience of homelessness and poverty across all 35 performances, exceeding our audience target of 500 people with lived experience. The total audience was 1653 people across the run. 20% of our audience were young people, 23% also identified as D/deaf or disabled. Over 10% of our audience expressed an interest in becoming a Member of Citz and100% said they had increased awareness of the value of art in supporting individual’s progression out of homelessness.

Audience member with lived experience of homelessness and poverty: Everything in the show related to something in my life.

School teacher: A very thought-provoking show which struck a chord with my pupils, but also made them laugh. Whats On Stage – 4* review: Bangers’ rides through the things we feel most keenly, and maybe never talk about, and explores the depth and breadth of the human condition. The addition of such a lively, warm-hearted audience makes it a holistic theatrical experience and a true masterpiece.

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Bangers cast at Soho Theatre, June 2022.
Credit: Toyin Dawudu
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Faun theatre tour (ongoing to 13 May 2023)

March 2023 saw the premiere of Faun , a production exploring the homelessness crisis affecting trans people in the UK (1 in 4 trans people are likely to have experienced homelessness). Commissioned from actor and writer Vinnie Heaven ( The Nevers , HBO) and directed by Debbie Hannan ( Sound of the Underground , Royal Court), the play has an entirely genderqueer cast. We co-produced the show with award winning new writing theatres Alphabetti Theatre, Newcastle, and Theatre 503, London, and the production toured to theatres in Newcastle, London, Salford, Bristol and Plymouth, with a target of at least 10% of attendees having lived experience of homelessness and poverty. Our wraparound programme unpacked the real-life context for the production, including events with Common Press Queer Bookshop and the Centre for Homelessness Impact. Our relationship with the Outside Project provided opportunities for Vinnie Heaven to connect with staff and service users which informed their writing. The Albert Kennedy Trust (AKT) were hugely supportive of the production, and we will be collaborating on a panel discussion event.

Audiences for our first run at Alphabetti Theatre said:

I’ve been homeless myself. I’m gender queer. [I thought it was] heart wrenching. I could relate to the characters straight away.

It deals with a really hard, heart-breaking topic, but laughs through it and laughs through the pain.

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

Arts and social sector partnerships

Following our consultation with more than 40 arts and social sector partners in 2022, we’ve established new theatre partners. We’ve:

International Access to Justice Institute

Five Citz Members were employed to create a Forum Theatre piece for the inaugural Access to Justice International Institute which brought together 55 delegates from across the globe working in the criminal justice system in relation to disability. The play formed a core part of the 5-day Institute and explored the barriers faced by people affected by disabilities in accessing the criminal justice system.

I believe the play provided a way for ALL people, regardless of level of cognitive ability, to participate and think about barriers to justice. This provided a safe and equitable space for us all to meet at the same level to talk about important issues that impact people with disabilities in the criminal justice system. Audience member

Groundswell partnership

To Whom It May Concern , our co-production with homelessness campaigning charity Groundswell, provided an opportunity to creatively engage the social sector in a conversation about the broader systemic issues of siloed working between health, housing and welfare. The play, written by Sophie Ellerby and directed by Stef O’Driscoll, Artistic Director of the Gate Theatre, was informed by research gathered from people affected by these systemic failures and performed for audiences of social sector professionals including staff from the Department for Work and Pensions and Crisis. The play took research gathered by Groundswell peer advocates into the problems with the Universal Credit system and the impact it has on those who access it and turned the stories into a play. Performances were followed by a workshop through which audiences explored themes in the play and strategies to find solutions for the characters.

I have a lot of experience of these issues through work (and some personal experiences), but sitting apart from my own experience and watching it as an audience member (rather than being involved in it) felt different… Maybe what became more obvious is the similarities between experiences, lack of empathy, lack of real support, blocks to moving forward, frustration, and yet there is still not enough done to help this and still not enough understanding. Audience member with lived experience.

I [saw] the difficulties people experience in navigating the benefits system. The impact that not having access to benefits has on health, both on managing long term conditions but also the health problems that are caused. Digital poverty and the impact of this when so many services rely on people accessing systems online. Audience member from the social sector.

London Ticket Bank

We launched the London Ticket Bank in January 2023: a joint initiative with the Cultural Philanthropy Foundation, offering 1000 cultural tickets each week on a donate-what-you-can basis to people with lived experience from venues including The National Theatre, The Barbican, Roundhouse and the Southbank Centre. Tickets are offered through social sector partners including The Trussel Trust, Centrepoint, House of St Barnabas, The Longford Trust and Positive Action in Housing.

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

Organisational change

This year has seen great change in our staffing and systems as we’ve worked to strengthen our organisation following the pandemic and to adapt our offer under new artistic leadership.

This year marked significant progress following several years’ work to increase representation in our staff and audiences of both people with lived experience of homelessness and poverty and people with experience of the inequity which puts people at greater risk of homelessness.

What’s next?

Public Programme

We are currently developing our approach to national impact for our work, through which we aim to unlock potential for working with communities most affected by homelessness and poverty to create exceptional new public theatre, and for theatre to help people with lived experience to explore and challenge the causes of housing insecurity in their communities. We will build on our foundation and continue to strengthen our unique methodology, informed by our long history and experience in Theatre of the Oppressed and trauma informed / strength based practice.

New commissions

We are commissioning a minimum of three underrepresented, emerging writers with lived experience, including the following so far:

Workshop Programmes / Cardboard collective

This autumn we are launching a period of intensive recruitment and outreach for both our Workshop Programme and Cardboard Collective programmes, introducing a whole new cohort of Members with lived experience to our work. Through this we aim to increase our overall reach through our programmes by over 25%. Those we reach will be invited to become Members, after which they will have the opportunity to access our regular workshops. All Members will have access to our progression support, aiming to support people in their engagement with us and moving them onwards in their lives.

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Cardboard Citizens

Trustees’ report

For the year ended 31 March 2023

Citz Futures

This remains a key part of our programme for the year ahead as we seek to implement learnings and trial offering a number of traineeship roles internally over the autumn.

Cross sector working

Specific partners so far for the year ahead include The Centre for Homelessness Impact, Mind Tower Hamlets, Bethany House, Capital City College, The Bridge 99 Club Café, the Outside Project, Catch 22, DePaul, New Horisons, Single Homeless Project and many more.

In addition to expanding our reach in the arts and social sectors, we are also seeking to formalise partnership working with higher education universities and colleges to access work placements for people with lived experience and academic evaluation resources to help strengthen our case for support externally.

Financial review

The results for the year ended 31 March 2023 are given in the Statement of Financial Actives on page 18. The assets and liabilities as at that date are given in the Balance Sheet on page 19. The financial statements should be read in conjunction with their related notes, which appear on page 21 and have been prepared in accordance with relevant law and SORP 2015.

During the year, restricted income amounted to £254,280 (£566,380 in 2022). Unrestricted income amounted to £658,815 (£699,338 in 2022). Project costs amounted to £917,375 (£1,553,723 in 2022).

Total income in 2022-23 decreased by 28% to £913,095. The main variance was:

Income from charitable activities decreased by 61% mainly due to the previous year including a significant amount of income for the Ruff Tuff production from Arts Council England of £110k, income from the Linbury Trust of £100k and significant performance fees.

Total expenditure decreased by 38% in 2022-23 to £1,019,346. Staff costs decreased by 28%, some of which was replaced by freelance workers on shorter term contracts, giving us more flexibility over expenditure in this area. Overall charitable activities expenditure decreased by 41%, mainly because the previous year included Ruff Tuff production costs.

Trustees review the financial performance of the charity and its fundraising strategy alongside income generation and associated costs on a regular basis. The charity raises money from individuals, companies, trusts, and statutory bodies, and receives income from performances, fundraising events and delivering training activity.

Principal risks and uncertainties

The Trustees reviewed the risk management strategy and the systems and procedures to address those potential risks and minimise any impact on the charity if the risks materialise.

Principal risks identified for the coming year include:

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Cardboard Citizens Trustees’ report

For the year ended 31 March 2023

Reserves policy and going concern

The Trustees recognise that post COVID 19 and general pressures on society and our sectors has increased competition for the organisation around fundraising and income generation from some sources, particularly from Trusts & Foundations, fundraising events and earned income. Budget scenario projections for 2023-36 have been drafted accordingly. The Trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern.

The Trustees have agreed a Reserves Policy, which is regularly reviewed. The policy states that free reserves (i.e., those not tied up in fixed assets or designated for use by the charity) should be sufficient to cover three months operational expenditure commitments, i.e., payroll, core fixed costs and wind-up costs. The Reserves Policy also states that, in the case of an emergency or where a larger sum than is available in free reserves is required to meet organisational obligations, Trustees may decide to reallocate funds from the designated reserves. This is reviewed in detail by the Finance Committee during every budget cycle and with consideration of operational risks and external factors.

In 2022-23, total charity funds stood at £403.227. These are made up of:

  1. £ no restricted reserves in 2022-23. More details are included in Note 15a to the accounts.

  2. £177,226 designated reserves. £157k of these funds are designated by the Trustees to allow us to develop and deliver our future planned theatre productions, which could not be funded from future income alone. They also provide a contingency should the company need to relocate once the current lease expires in 2026 (relocation in 2012 cost c. £150k). The remaining £20k is for fixed assets.

  3. £226,000 free reserves. The target to cover the three months operational expenditure commitments is currently £226k. The Finance Committee reviewed the adequacy of these reserves and is content with the level given the size of the organisation and the risks it is managing.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 14 June 1994 and registered as a charity on 29 November 1994.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

The Board of Trustees governs the charity. At 31 March 2023, there were 10 Trustees. There is no upper limit to the number of Trustees, and the quorum is one-third or three, whichever is the greater number.

The Board is drawn from people from the voluntary and public sectors, the arts and the corporate sector. Specific skills include knowledge of governance, strategic planning, homelessness, poverty, diversity, inclusion, theatre making, participatory arts, legal, fundraising, and financial skills. A skills audit and review of current Trustees’ protected characteristics as well as lived experience was completed in May 2022 to inform Trustee recruitment and

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Cardboard Citizens

Trustees’ report

For the year ended 31 March 2023

ensure that an appropriate balance of skills and experience is achieved. Following this we launched a period of recruitment to prepare for three Trustees coming to the end of their terms of service. Five new people joined the Board in this period, refreshing and diversifying our governance overall.

The Board of Trustees is responsible for strategic decisions and oversight of financial matters and has ultimate legal responsibility. They meet between four and six times a year. Board meetings are attended by the Joint Chief Executives and other senior management officers and staff as necessary, in a non-voting capacity. Member representatives (unpaid participants in the charity’s work) attend in the same capacity. When longer-term planning processes are being undertaken, away days are arranged. This year, the Board Away Day was in January 2023, when the Trustees, Member representatives and members of the Senior Management Team met with the aim of tracking progress and reviewing strategic priorities. There is a separate Finance Committee, which meets to scrutinise budgets, management accounts, fundraising and risk in detail before the main Board meeting. A Development Committee, made of a combination of Trustees and other supporters, exists to support fundraising development. Other short-term working groups are convened as necessary to deal with particular matters and then disbanded. The Nominations Committee continues to support Trustee recruitment alongside a review of the functioning and culture of the Board, working towards a more diverse and inclusive governance system that is dynamic and representative of the organisation’s stakeholders and beneficiaries with a view to furthering overall strategic performance.

The senior team is led by Joint Chief Executives, Chris Sonnex (Artistic Director) and Lisa Briscoe (Executive Director). The roles are split with the Artistic Director being responsible for leading vision and direction and the Executive Director responsible for operations and delivery. Other members of the senior team during the year included Clare Robertson as Executive Producer, Flora Newbigin as Director of Programmes, Katherine Harding as Development Director and Jessie Wyld as Head of Engagement.

All Trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 7 to the accounts.

Appointment of trustees

Trustee are appointed for a term of four years and serve a maximum of two terms of office. Trustees participate in a review of their role with the Chair or Vice Chairs, following which they are invited to stand for re-election at the end of the first term of office. New Trustees are sought by means of advertisement, word of mouth and direct approach. Candidates are required to demonstrate how they meet the requirements of being a Trustee, as set out in a Trustee appointment pack, and they are interviewed by existing Trustees and senior management.

Trustee induction and training

Newly appointed Trustees receive an induction pack and Governance Code, which is followed by meetings with the Chair, Joint Chief Executives and Senior Management Team to discuss board orientation as well as historical and current aspects of the company. Individual meetings are also arranged with other staff as appropriate, depending on the new Trustee’s particular skill set.

Fundraising

Cardboard Citizens have a dedicated Development team. Fundraising events are discussed and agreed with the Development Committee and the Senior Management Team.

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Cardboard Citizens

Trustees’ report

For the year ended 31 March 2023

We comply in all regards with the Code of Fundraising Practice regulated by the Fundraising Regulator, and with Charity Commission guidance. In July 2018, the Board approved an Ethics Statement which will be a benchmark to ensure that there is no conflict between the ethos and core values of Cardboard Citizens and the source of our diverse funding.

Cardboard Citizens is compliant with the General Data Protection Regulations which came into force in May 2018.

Cardboard Citizens has received no complaints relating to its fundraising activities during the year 2022-23.

Remuneration policy for key management personnel

The Board of Trustees is responsible for the appointment and supervision of the Joint Chief Executives, including setting the salaries for the two posts. It does this by means of a Remuneration Committee. The salary is determined with reference to the sector comparisons, the size of the company and the relativities with other key staff.

As a London Living Wage Employer, Cardboard Citizens is committed to ensuring we are transparent about the pay ratios in the organisation. The median salary is £38,000 and the highest to lowest paid staff ratio is 2 to 1.

Statement of responsibilities of the trustees

The Trustees (who are also directors of Cardboard Citizens for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Cardboard Citizens

Trustees’ report

For the year ended 31 March 2023

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was 13 (2022: 9). The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 30/10/23 and signed on their behalf by

Prue Skene Chris Bull Chair Treasurer

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Independent examiner’s report

To the trustees of

Cardboard Citizens

I report to the trustees on my examination of the accounts of Cardboard Citizens for the year ended 31 March 2023.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011 (‘the 2011 Act’). My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of Cardboard Citizens (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the company’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accounts in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Joanna Pittman FCA

Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, EC1Y 0TL Date: 23 November 2023

17

Cardboard Citizens

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Unrestricted
Note
£
Income from:
2
508,517
3
-
-
-
11,733
95,032
36,735
4
5,317
Investments
1,482
658,815
5
-
-
-
-
160,124
-
122,768
282,892
6
375,923
(422,174)
(46,251)
Reconciliation of funds:
449,478
403,227
Training
Workshop programmes
Young people’s programmes
Community Tour
Public Facing Theatre
Total income
Other trading activities
Raising funds
Charitable activities
Expenditure on:
National Residency
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
Community Tour
Public Facing Theatre
Workshop programmes
Young people’s programmes
Net income / (expenditure) for the year
Total expenditure
Training
National Residency
Charitable activities
Donations		 Unrestricted
Note
£
Income from:
2
508,517
3
-
-
-
11,733
95,032
36,735
4
5,317
Investments
1,482
658,815
5
-
-
-
-
160,124
-
122,768
282,892
6
375,923
(422,174)
(46,251)
Reconciliation of funds:
449,478
403,227
Training
Workshop programmes
Young people’s programmes
Community Tour
Public Facing Theatre
Total income
Other trading activities
Raising funds
Charitable activities
Expenditure on:
National Residency
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
Community Tour
Public Facing Theatre
Workshop programmes
Young people’s programmes
Net income / (expenditure) for the year
Total expenditure
Training
National Residency
Charitable activities
Donations		 Restricted
£
-
55,010
59,750
-
30,000
109,520
-
-
-		 2023
Total
£
508,517
55,010
59,750
-
41,733
204,552
36,735
5,317
1,482		 Unrestricted
£
446,002
2,632
-
87
800
216,657
15,039
18,064
57		 Restricted
£
-
196,822
88,558
30,000
30,000
221,000
-
-
-		 2022
Total
£
446,002
199,454
88,558
30,087
30,800
437,657
15,039
18,064
57
658,815 254,280 913,095 699,338 566,380 1,265,718
-
-
-
-
160,124
-
122,768		 101,972
140,803
133,531
-
141,797
218,352
-		 101,972
140,803
133,531
-
301,921
218,352
122,768		 24,539
65,938
25,075
52,656
26,939
42,666
89,438		 67,109
309,739
183,605
120,904
78,500
558,264
-		 91,648
375,677
208,680
173,560
105,439
600,930
89,438
282,892 736,454 1,019,346 327,251 1,318,121 1,645,372
375,923
(422,174)		 (482,174)
422,174		 (106,251)
-		 372,087
(540,542)		 (751,741)
540,542		 (379,654)
-
(46,251)
449,478		 (60,000)
60,000		 (106,251)
509,478		 (168,455)
617,933		 (211,199)
271,199		 (379,654)
889,132
403,227 - 403,227 449,478 60,000 509,478

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 17 to the financial statements.

18

Cardboard Citizens

Company no. 2938531

Balance sheet

As at 31 March 2023

Note
£
Fixed assets:
11
Current assets:
12
131,328
332,249
463,577
Liabilities:
13
80,513
16a
177,226
226,000
Total unrestricted funds
Total charity funds
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
General funds
Cash at bank and in hand
Tangible assets
Debtors
Total net assets
Restricted income funds
Unrestricted income funds:
Designated funds		 Note
£
Fixed assets:
11
Current assets:
12
131,328
332,249
463,577
Liabilities:
13
80,513
16a
177,226
226,000
Total unrestricted funds
Total charity funds
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
General funds
Cash at bank and in hand
Tangible assets
Debtors
Total net assets
Restricted income funds
Unrestricted income funds:
Designated funds		 2023
£
20,163		 £
212,621
482,347		 2022
£
40,841
20,163
383,064		 40,841
468,637
463,577
80,513		 694,968
226,331
177,226
226,000		 171,843
277,635
403,227 509,478
-
403,227		 60,000
449,478
403,227 509,478

These accounts have been prepared in accordance with the special provisions applicable to small companies subject to the small companies' regime.

The opinion of the directors is that the company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge the following responsibilities:

i) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

30/10/23 Approved by the trustees on

and signed on their behalf by

Prue Skene Chair

19

Cardboard Citizens

Statement of cash flows

For the year ended 31 March 2023

Reconciliation of net income to net cash flow from operating activities

Proceeds from sale of fixed assets
Cash flows from operating activities
Increase in creditors
Net cash provided by / (used in) operating activities
Cash and cash equivalents at the beginning of the
year
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Net cash (used in) investing activities
Net cash provided by operating activities
Cash flows from investing activities:
Purchase of fixed assets
Net income for the reporting period
(as per the statement of financial activities)
Depreciation charges
(Increase)/decrease in debtors		 £
£
(150,098)
-
-
-
(150,098)
482,347
332,249
2023		 £
£
(150,098)
-
-
-
(150,098)
482,347
332,249
2023		 2023
£
(106,251)
20,678
81,293
(145,818)		 2022
£
(379,654)
27,020
(93,548)
135,871
(150,098) (310,311)
(150,098)
482,347		 (313,382)
795,729
332,249 482,347

20

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

a) Statutory information

Cardboard Citizens is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address is 77a Greenfield Rd, London, E1 1EJ.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The Trustees recognise that continued pressures on society and our sectors has created unknowns for the organisation around fundraising and income generation. Budget scenario projections for 2023-24 to 2024-25 to alongside a rigorous confidence level assessment system, along with cashflow projections have been drafted accordingly. The Trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. In addition, at the time of reporting, there are no significant risks of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

The Trustees have agreed a Reserves Policy, which is regularly reviewed, and funds are held in line with the reserves policy. The policy states that free reserves (i.e., those not tied up in fixed assets or designated for use by the charity) should be sufficient to cover three months operational expenditure commitments, i.e., payroll, core fixed costs and windup costs. The Reserves Policy also states that, in the case of an emergency or where a larger sum than is available in free reserves is required to meet organisational obligations, Trustees may decide to reallocate funds from the designated reserves. This is reviewed in detail by the Finance Committee during every budget cycle and with consideration of operational risks and external factors.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Government assistance in the form of Coronavirus Job Retention Scheme and Job Support Schemes is recognised as income when an eligible claim has been submitted.

Other government and local authority grants are recognised at fair value when the company has entitlement after any performance conditions have been met, the receipt is probable and the amount can be measured reliably.”

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

21

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

g) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

Costs of raising funds 10%
Workshop Programme 14%
Young People Programme 13%
National Residency 0%
Community Tour 14%
Public Facining Theatre 21%
Training 7%
Support costs 19%
Governance costs 2%

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on staff time, of the amount attributable to each activity.

Costs of raising funds 0%
Workshop Programme 0%
Young People Programme 0%
National Residency 0%
Community Tour 75%
Public Facining Theatre 0%
Training 25%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

22

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

 Office Furniture 4 years

 Office Equipment 4 years

 Database/Website Development 4 years

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

n) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

o) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

q) Pensions

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charitable company to the fund. The charity has no liability under the scheme other than for the payment of those contributions.

2 Income from donations

Unrestricted
£
162,944
100,000
-
10,000
13,000
-
10,000
32,400
35,000
-
-
98,146
47,027		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted		 2023
Total
£
162,944
100,000
-
10,000
13,000
-
10,000
32,400
35,000
-
-
98,146
47,027		 Unrestricted
£
254,098
50,000
52,740
-
-
5,000
10,000
24,700
-
1,837
6,815
18,800
22,012		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
Restricted		 2022
Total
£
254,098
50,000
52,740
-
-
5,000
10,000
24,700
-
1,837
6,815
18,800
22,012

23

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

3
Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Capital Group
Other individuals
City Bridge Trust
Young people's programmes
Statutory Grants
Grants and Donations:
Sub-total for Workshop programmes
Barings Investment Services Ltd
Derwent London plc
Income from charitable activities (The figure has
National Residency
Sub-total for Young people’s
programmes
Other under £5,000
Workshops/ performance income
Calouste Gulbenkian Foundation
Other individuals
Workshops/ performance income
Sub-total for National Residency
The Albert Hunt Trust
Workshop programmes
Swire Charitable Trust
Foundation for Future London
Societe Generale UK Foundation
Workshops/ performance income
Grants and Donations:
Other
Grants and Donations:
Other under £5,000		 3
Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Capital Group
Other individuals
City Bridge Trust
Young people's programmes
Statutory Grants
Grants and Donations:
Sub-total for Workshop programmes
Barings Investment Services Ltd
Derwent London plc
Income from charitable activities (The figure has
National Residency
Sub-total for Young people’s
programmes
Other under £5,000
Workshops/ performance income
Calouste Gulbenkian Foundation
Other individuals
Workshops/ performance income
Sub-total for National Residency
The Albert Hunt Trust
Workshop programmes
Swire Charitable Trust
Foundation for Future London
Societe Generale UK Foundation
Workshops/ performance income
Grants and Donations:
Other
Grants and Donations:
Other under £5,000		 2023
Total
£
£
-
-
-
-
-
-
48,010
48,010
5,000
5,000
-
-
-
-
-
-
-
-
2,000
2,000
55,010
55,010
-
-
23,500
23,500
20,000
20,000
7,000
7,000
6,250
6,250
3,000
3,000
59,750
59,750
-
-
-
-
-
-
been restated)
Restricted		 2023
Total
£
£
-
-
-
-
-
-
48,010
48,010
5,000
5,000
-
-
-
-
-
-
-
-
2,000
2,000
55,010
55,010
-
-
23,500
23,500
20,000
20,000
7,000
7,000
6,250
6,250
3,000
3,000
59,750
59,750
-
-
-
-
-
-
been restated)
Restricted		 Unrestricted
£
2,632
-
-
-
-
-
-
-
-
-		 £
-
100,389
15,000
-
-
15,000
8,000
5,000
43,933
9,500
Restricted		 2022
Total
£
2,632
100,389
15,000
-
-
15,000
8,000
5,000
43,933
9,500
- 55,010 55,010 2,632 196,822 199,454
-
-
-
-
-
-		 -
23,500
20,000
7,000
6,250
3,000		 -
23,500
20,000
7,000
6,250
3,000		 -
-
-
-
-
-		 -
10,000
-
70,000
-
8,558		 -
10,000
-
70,000
-
8,558
- 59,750 59,750 - 88,558 88,558
-
-		 -
-		 -
-		 87
-		 -
30,000		 87
30,000
- - - 87 30,000 30,087

24

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

Grants and Donations:
Cockayne Foundation
The Foyle Foundation
Other
Sub-total for Community Tour
programme
Workshops/ performance income
Project income:
Workshops/ performance income
Training
Workshops/ performance income
Public Facing Theatre
Theatre Tax Relief
The Linbury Trust
Statutory Grants
Community Tour programme
Sub-total for Training
Total income from charitable
activities
The Evan Cornish Foundation
Sub-total for Public Facing theatre
Grants and Donations:
The Thompson Family Charitable		 Unrestricted
11,733
-
-		 -
25,000
5,000
Restricted		 2023
Total
11,733
-
25,000
5,000		 Unrestricted
800
-
-
-		 -
-
-
30,000
Restricted		 2022
Total
800
30,000
11,733 30,000 41,733 800 30,000 30,800
6,542
-
-
-
-
88,490
-		 28,500
55,000
15,000
10,000
-
1,020		 6,542
28,500
55,000
15,000
10,000
88,490
1,020		 216,657
-
-
-
-
3,116
-		 -
111,000
100,000
10,000
-
-
-		 216,657
111,000
100,000
10,000
-
3,116
-
95,032 109,520 204,552 219,773 221,000 440,773
36,735 - 36,735 15,039 - 15,039
36,735 - 36,735 15,039 - 15,039
143,499 254,280 397,779 238,331 566,380 804,711

Statutory grants received from independent government bodies that are restricted in their use are as follows: £nil received from The National Lottery Community Fund -TNLCF (2022: £100,00). £28,500 of restricted funds from Arts Council England (Strategic Touring) (2022: £110,388). The Arts Council Culture Recovery Fund £nil (UN 2022: £91,154). £162,944 of unrestricted funding received from Arts Council England NPO (2022: £162,944), HMRC CJRS grant £nil (2022: £1,837 ) and Kickstart Scheme £nil (2022: £6,814).

Restatement of prior year income: Workshop Programme and Public Facing Theatre income. In error The Arts Council England (Strategic Touring) income included in Workshop Programme instead of Public Facing Theatre. The total Arts Council England income was £110,000 but £100,000 was included in Workshop Programme now restated to Public Facing Theatre. The impact of the restatement has not impacted the net movement in funds. Restatement of Theatre Tax Relief, prior year this income was shown as other trading income. This year it's shown in Public Facing Theatre so its' matched with the production the relief is claimed on. The Restatement has not impactite the net movement in funds.

4 Income from other trading activities

Income from other trading activities
Income from fundraising events
Rental income
Other income		 Unrestricted
£
-
5,303
15		 £
-
-
-
Restricted		 2023
Total
£
-
5,303
15		 Unrestricted
£
13,608
645
695		 £
-
-
-
Restricted		 2022
Total
£
13,608
645
695
5,317 - 5,317 14,948 - 14,948

25

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

Charitable activities

Staff costs (Note 7)
Freelance workers
Production/ events cost
Other direct costs
General office expenses
Legal and professional fee
Bank charges/ interest
Insurance and subscriptions
Human resources
Marketing
IT & Software support
Rent and rates
Depreciation
Audit fee
Board expenses
Support costs
Governance costs
Total expenditure 2023
Total expenditure 2022		 Cost of
raising
funds
£
76,425
22,270
-
3,277
-
-
-
-
-
-
-
-
-
-
-		 Workshop
programme
£
111,542
19,168
519
9,573
-
-
-
-
-
-
-
-
-
-
-		 Young
people’s
programme
£
115,667
10,750
363
6,750
-
-
-
-
-
-
-
-
-
-
-		 National
Residency
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Community
Tour
£
86,447
37,616
4,802
12,932
-
-
-
-
-
-
-
-
-
-
-		 Public
Facining
Theatre
£
123,060
43,083
12,443
39,766
-
-
-
-
-
-
-
-
-
-
-		 Training
£
40,240
25,644
754
1,413
-
-
-
-
-
-
-
-
-
-
-		 Governance
costs
£
20,012
-
-
-
-
-
-
-
-
-
-
-
-
3,500
579		 Support
costs
£
19,942
-
-
-
46,857
1,599
678
9,689
11,663
470
21,799
57,375
20,678
-
-		 2023
£
593,336
158,531
18,881
73,711
46,857
1,599
678
9,689
11,663
470
21,799
57,375
20,678
3,500
579		 2022
£
825,602
246,312
183,434
103,861
52,773
61,039
1,024
9,281
49,275
9,257
19,104
47,750
27,020
8,900
740
101,972
-
-		 140,803
-
-		 133,531
-
-		 -
-
-		 141,797
142,168
17,956		 218,352
-
-		 68,051
48,581
6,136		 24,091
-
(24,091)		 190,750
(190,749)
-		 1,019,346
1
-		 1,645,372
-
-
101,972 140,803 133,531 - 301,921 218,352 122,768 - 1 1,019,347 -
91,648 91,648 91,648 91,648 91,648 91,648 91,648 91,648 91,648 824,831

26

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2022

Charitable activities

Staff costs (Note 7)
Freelance workers
Production/ events cost
Other direct costs
General office expenses
Legal and professional fee
Bank charges/ interest
Insurance and subscriptions
Human resources
Marketing
IT & Software support
Rent and rates
Depreciation
Audit fee
Board expenses
Support costs
Governance costs
Total expenditure 2022		 Cost of
raising
funds
£
64,476
-
-
1,082
-
-
-
-
-
-
-
-
-
-
-		 Workshop
programme
£
250,186
14,193
1,024
9,042
-
-
-
-
-
-
-
-
-
-
-		 Young
people’s
programme
£
148,598
17,056
2,559
9,681
-
-
-
-
-
-
-
-
-
-
-		 National
Residency
£
69,949
30,414
865
14,686
-
-
-
-
-
-
-
-
-
-
-		 Community
Tour
£
73,164
1,850
-
820
-
-
-
-
-
-
-
-
-
-
-		 Public
Facining
Theatre
£
126,790
175,404
178,978
68,454
-
-
-
-
-
-
-
-
-
-
-		 Training
£
58,335
7,395
8
96
-
-
-
-
-
-
-
-
-
-
-		 Governance
costs
£
15,336
-
-
-
-
-
-
-
-
-
-
-
-
8,900
740		 Support
costs
£
18,768
-
-
-
52,773
61,039
1,024
9,281
49,275
9,257
19,104
47,750
27,020
-
-		 2022
£
825,602
246,312
183,434
103,861
52,773
61,039
1,024
9,281
49,275
9,257
19,104
47,750
27,020
8,900
740
65,558
24,055
2,035		 274,445
93,337
7,895		 177,894
26,097
4,689		 115,914
55,439
2,207		 75,834
27,296
2,309		 549,626
47,303
4,001		 65,834
21,764
1,841		 24,976
-
(24,976)		 295,291
(295,291)
-		 1,645,372
-
-
91,648 375,677 208,680 173,560 105,439 600,930 89,439 - - 1,645,372

27

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

This is stated after charging / crediting:

This is stated after charging / crediting:
2023 2022
£ £
Depreciation 20,678 27,020
Operating lease rentals:
Property 57,375 47,750
Auditors' remuneration (excluding VAT):
Audit - 8,900
Independent Examination 3,500 -
Corporation tax work 2,000 2,000

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Redundancy cost
Employer’s contribution to defined contribution pension schemes		 2023
£
499,873
13,747
55,611
24,105		 2022
£
676,792
41,088
71,833
35,889
593,336 825,602

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

£60,000 - £69,999

2023 2022
No. No.
1 1

The total employee benefits including pension contributions and employers national insurance of the key management personnel were £288,977 (2022: £291,914).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

Trustees' expenses represents the reimbursement and payment of travel and subsistence costs. This year no expenses were paid (2022: £nil).

28

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Raising funds (Development)
Support
Workshop programme
Young People programme
Community Tour
National Residency
Training
Other
Public Facing Theatre		 2023
No.
1.9
2.7
3.8
-
2.1
2.6
0.8
-
0.8		 2022
No.
1.5
6.2
3.9
1.6
1.7
2.7
1.3
-
0.7
14.7 19.6

9 Related party transactions

Aggregate donations from related parties were £7,358 (2022: £1,807), all income were unrestricted. The are no other related party transactions.

10 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

11 Tangible fixed assets

Tangible fixed assets
At the start of the year
At the start of the year
Cost or valuation
At the end of the year
Disposals during the year
Eliminated on disposal
Depreciation
At the end of the year
At the start of the year
Additions in year
Charge for the year
At the end of the year		 Leasehold
Improvements
£
128,693
-
-		 Office
furniture
£
42,553
-
-		 Office
equipment
£
72,052
-
-		 Database/
website
development
£
61,044
-
-		 Total
£
304,342
-
-
128,693 42,553 72,052 61,044 304,342
128,691
-
-		 41,230
1,215
-		 50,086
9,062
-		 43,494
10,400
-		 263,501
20,678
-
128,691 42,445 59,148 53,894 284,179
2 108 12,904 7,150 20,163
2 1,323 21,966 17,550 40,841

All of the above assets are used for charitable purposes.

29

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

12
Accrued Income
13
Accruals
14
Debtors
Other creditors
Balance at the beginning of the year
Amount released to income in the year
Creditors: amounts falling due within one year
Deferred income
Trade creditors
Taxation and social security
Amount deferred in the year
Balance at the end of the year
Deferred income (note 14)
Trade debtors
Prepayments
Other debtors		 2023
£
11,314
88,490
20,524
11,000		 2022
£
26,215
171,167
4,239
11,000
131,328 212,621
2023
£
35,231
12,950
28,471
3,631
230		 2022
£
20,139
16,809
181,791
4,592
3,000
80,513 226,331
2023
£
3,000
(3,000)
230		 2022
£
-
-
3,000
230 3,000

Deferred income relates to grant funding received in the year that relates to the following year.

15a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Net current assets
Net current assets
Net assets at 31 March 2023
Tangible fixed assets
Tangible fixed assets
Analysis of net assets between funds (prior year)
Net assets at 31 March 2022		 General
unrestricted
£
-
226,000		 Designated
£
20,163
157,063		 Restricted
£
-
-		 Total funds
£
20,163
383,063
226,000 177,226 - 403,227
General
unrestricted
£
-
277,637		 Designated
£
40,841
131,000		 Restricted
£
-
60,000		 Total funds
£
40,841
468,637
277,637 171,841 60,000 509,478

15b Analysis of net assets between funds (prior year)

30

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

Movements in funds (current year)
Total restricted funds
Total designated funds
General funds
Capital investment fund
Production investment and Relocation
fund
General fund -COVID Emergency
appeal
Public facing theatre
Training
Community Tour Programme
Designated funds:
National Residency
Workshop Programmes
Young People's Programmes
Unrestricted funds:
Development
Restricted funds:
Total unrestricted funds
Total funds		 At 1 April
2022
£
-
25,000
35,000
-
-
-
-		 Income &
gains
£
-
55,010
59,750
-
30,000
109,520
-		 Expenditure
& losses
£
(101,972)
(140,803)
(133,531)
-
(141,797)
(218,352)
-		 Transfers
£
101,972
60,793
38,781
-
111,797
108,832
-		 At 31 March
2023
£
-
-
-
-
-
-
-
60,000 254,280 (736,454) 422,174 -
40,843
-
131,000		 -
-
-		 (20,678)
-
26,061		 -
-
-		 20,165
-
157,061
171,843 - 5,383 - 177,226
277,635 658,815 (288,276) (422,174) 226,000
449,478 658,815 (282,892) (422,174) 403,227
509,478 913,095 (1,019,346) - 403,227

The following information on restricted funds relates to activity due to take place in 2022/23:

Workshop Programmes : £48k from City Bridge Trust for workshop activities. £5k from The Albert Hunt. £8k in individual donations from The Big Give Campaign in December 2022 and £2k from a small Corporate funders.

Young People’s Programme : £7k was received from an anonymous donor for activities designed to support and progress young people. We received £23.5k from Societe Generale UK Foundation Fund, Capital Group £20k and £3k from a Trust and Foundations.

Community Tour : All restricted income mainly relates to the Bangers theatre production in 2022/23. £25k from The Foyle Foundation in 2022/23. £5k from variety of small Trust and Foundations.

Public Facing Theatre : Most of the restricted income mainly relates to the Faun theatre production in 2022/23, including £28.5 from Arts Council England for strategic touring, £55k from the Linbury Trust and £15k from the Cockayne Foundation and £10k Evan Cornish Foundation. £1k from various donors.

31

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

16a Movements in funds (continued)

The following designated funds are determined by the Finance Committee and recommended to the Board of Trustees:

Capital investment funds -no fixed assets purchased in the year.

Production investment and relocation funds these reserve funds are allocated by the Board of Trustees to development and delivery of our future theatre productions, as well as an allowance towards a possible relocation planned between 2021-26 (relocation in 2012 cost c. £150k).

16b Movements in funds (prior year)

Movements in funds (prior year)
Total restricted funds
Total designated funds
General funds
Total funds
Young People's Programmes
Total unrestricted funds
Restricted funds:
Development
Workshop Programmes
General fund - COVID Emergency
appeal
Unrestricted funds:
Hostel Tour Programme
Event theatre
National Residency
Designated funds:
Capital investment fund
Production investment and Relocation
fund
Training		 At 1 April
2021
£
20,000
115,700
66,499
60,000
-
9,000
-		 Income &
gains
£
-
296,822
88,558
30,000
30,000
121,000
-		 Expenditure
& losses
£
(67,109)
(309,739)
(183,605)
(120,904)
(78,500)
(558,264)
-		 Transfers
£
47,109
(77,783)
63,548
30,904
48,500
428,264
-		 At 31 March
2022
£
-
25,000
35,000
-
-
-
-
271,199 566,380 (1,318,121) 540,542 60,000
64,792
92,139
181,000		 3,071
-
-		 (27,020)
(72,139)
(50,000)		 -
(20,000)
-		 40,843
-
131,000
337,931 3,071 (149,159) (20,000) 171,843
280,002 696,267 (178,092) (520,542) 277,635
617,933 699,338 (327,251) (540,542) 449,478
889,132 1,265,718 (1,645,372) - 509,478

17 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods:

the following periods:
Less than one year
One to two years
Two to five years		 2023
2022
£
£
64,375
57,375
16,250
64,375
-
16,250
80,625
138,000
Property
80,625 138,000

32

Cardboard Citizens

Notes to the financial statements

For the year ended 31 March 2023

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

33