Company number: 02578163 Charity Number: 1046461
## Théâtre Sans Frontières Ltd
Report and financial statements For the year ended 31 March 2025
## Théâtre Sans Frontières Reference and administrative information for the year ended 31 March 2025
**Company number** 02578163 **Charity number** 1046461 **Registered office and operational address** 2a Tanners Yard, Hexham Northumberland NE46 3NL
**Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Barbara Douglas Chair Stephen Agar (appointed 27/01/2025) Christopher Black (resigned 27/01/2025) Penelope Grennan (appointed 29/10/2024) Rhiannon Griffiths (resigned 29/10/2024) Jennifer Kinnear (appointed 03/04/2025) Caroline Theobald **Key management** Sarah Kemp Artistic Director **personnel** John Cobb Artistic Director **Bankers** Barclays Bank Plc Leicester, LE87 2BB **Independent** Jennifer Daniel FCCA DChA, Slade & Cooper Limited **examiner** Beehive Mill, Jersey St, Ancoats, Manchester M4 6JG
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
The trustees present their report and the unaudited financial statements for the year ended 31 March 2025.
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.
## **Objectives and activities**
The primary purpose of the charity is to create an international theatre of excellence that celebrates world languages and cultures. The charity is committed to the promotion, maintenance, improvement and advancement of the education of the public in the understanding, practice and appreciation of the arts. Our objectives are:
- to create and tour plays that reflect the richness and diversity of world cultures
- to produce multilingual theatre that is innovative, engaging and imaginative
- to break the barriers of language through a style of theatre that is physical, visual and accessible to all
- to collaborate with artists and organisations from the UK and around the world to explore cultural difference and celebrate cultural exchange
- to support and inspire the life-long learning of languages.
The trustees review the aims, objectives and activities of the charity each year. In shaping the objectives for the year and in planning the activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’. Théâtre Sans Frontières (TSF) relies on grants, donations and the income from selling its productions to schools and theatre venues to cover its operating costs. In setting the level of performance fees, the trustees give careful consideration to the implications for the accessibility of the charity’s productions to those on low incomes.
The strategies employed to achieve the charity’s aims and objectives are to:
- stage and tour a number of plays each year, both in schools and in public venues, with particular emphasis on productions in foreign languages
- proactively seek artists from a range of ethnic and cultural backgrounds
- provide cultural and educational opportunities for a wide range of beneficiaries, from young school children to older people both in the UK and abroad
- be mindful, in making decisions about where to tour, of the particular need for the charity’s work in areas of high social deprivation or rural isolation
- use digital technology to widen access to the charity’s work and social media to deepen audience engagement
- provide children with what is often their only experience of live theatre and contact with professional artists
- support the modern language curriculum, schools working towards Artsmark and children doing Arts Award
- deliver participatory projects designed to develop skills and confidence in language and drama
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
- offer opportunities for a broad range of people to actively explore their own creativity
- support new and emerging artists and theatre companies by supplying equipment and personnel.
Putting these strategies into action, the charity has three major areas of activity which are:
- stage performances in theatres, arts centres, festivals and community venues in the UK and abroad
- touring into schools
- participatory work with children and adults.
## **Achievements and performance**
- The charity's main activities and beneficiaries during the year are described below. All TSF’s charitable activities were undertaken to further charitable purposes for the public benefit.
- Over the year, TSF worked with a total of 28 professional artists from the North East and further afield, as performers, directors, musicians, workshop leaders, designers and set and costume makers. This included 3 artists who were new to the company as well as performers and artists from France, Spain, Ukraine and The Netherlands.
- TSF has also benefitted from the support of volunteers over the year as outlined below. We are very grateful for their help.
## **Performances in theatres, arts centres and community venues**
## **Site-specific theatre**
## _**Seeds of Hope**_
TSF continued with its four-part project _**Seeds of Hope**_ , a site specific, multi-arts programme of work, collaborating with Ukrainian and Tynedale artists to explore our common humanity, generate new conversations between people and sow seeds of hope for a more peaceful world. The multinational collective started working together in October 2022, sharing artistic and cultural practice, exchanging skills and experiences. Part one of the project, _**Departure**_ , had taken place at Ladycross nature reserve in March 2024. The following three parts ran between April and June 2024. These comprised:
_**Routes**_ , a film camp for teenagers, led by Svitlana Pohasiy and Christo Wallers, at Queen’s Hall Arts Centre. The students’ films were then shown to the general public at the Forum Cinema, Hexham.
_**Lost & Found**_ , an art exhibition at Queen’s Hall Arts Centre, featuring work by Ukrainian artists Yuliia Achkasova, Yaryna Kvitka, Nataliia Petryc, Lucy Nychai and UK artists Tim Rubidge, Linda Kent, Jo Aris and Karen Melvin. On the opening day of the exhibition, poet Linda France and artist Jo Aris ran creative workshop activities with the general public to gather their responses to the exhibition. Linda France then created a poem, based on words collected from 39 members of the public who had seen the exhibition. The poem was used in the fourth part of the project _**Arrival**_ .
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
_**Arrival**_ was a site-specific performance that was performed twice in Hexham Abbey on 22nd June to a total audience of 140. The performances celebrated the life of Etheldreda, founder of the Abbey, and the Abbey’s role as a place of safety and sanctuary throughout the ages. The performers included: Eleanor Cobb, John Cobb, Bridget Enever, Yasu Fernández, Sarah Kemp, Yaryna Kvitka, Karen Melvin, Nataliia Petryc, Tim Rubidge, Lya Vollering. The performance also featured a tree sculpture created by Fran García, Nataliia Petryc and Lya Vollering.
We were delighted to receive funding for _**Seeds of Hope**_ from Passionists Grants Fund; Foyle Foundation; Northumberland County Council; Hexham Town Council; Tynedale Lions Club; Allen Valleys Help for Ukraine (Fawside). We are also very grateful for the support from all our partners on this amazing project: Burnlaw Centre; Queen’s Hall Arts Centre; Forum Cinema; Hexham Abbey. The project fulfilled its aims of generating new perspectives, stimulating conversations, developing cultural understanding and achieving active creative engagement between artists and the community.
## **Audience responses to** _**Arrival**_ **:**
_Totally overwhelming. Inexplicable and so memorable_
_So atmospheric. Wonderful acoustics for the haunting beautiful music_
_Very rich powerful imagery, full sound(ing) tapestry, timeless_
_Wonderful, profound & powerful_
_Lost for words! Thought provoking, poignant, moving. Thank you._
_A great celebration of the continuity of the social fabric and the resilience, courage and determination of the human spirit_
## _**Conversations Around Cancer**_
In 2023 Sarah Kemp met Newcastle University researcher Jennifer Deane at a workshop at Northern Stage. Since then, they had met on various occasions to discuss how TSF might work with Jennifer to dramatise her findings from her work on people’s experiences of Head and Neck Cancer. In August 2024, the charity Oracle Head & Neck Cancer UK, offered to fund a pilot Forum Theatre project to take place at the Afro Caribbean Centre in Leicester in February 2025. _**Conversations Around Cancer**_ , involved TSF regular actor Becky Jameson and two actors new to the company, Wayne Nelson from Leicester and Marva Alexander from London. Tony Neilson, who had previously acted as a stage manager for TSF was facilitator and SM for the project, alongside Sarah Kemp who both acted and facilitated. North East performer Claire Webster Saaremets was also involved in some of the initial devising of the work but had to drop out due to ill health. This was an interactive project, using Forum Theatre to raise awareness of Head and Neck Cancer symptoms and treatment, empowering audience members to better understand how to ask questions of health professionals. We ran a trial run-through for an invited audience of 25 people at Newcastle University before taking the project to Leicester where we performed to over 70 people. The project was very positively received, with the audience enthusiastically engaging in the scenes and interacting with the characters.
## **Audience comments:**
_Very informative, very well produced, enjoyed thoroughly_
_Fantastic and informative_
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Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
_Very informative and interactive. Love the fact of engaging the audience to know they can ask questions_
_Really engaging and thought provoking_
## **Touring into Schools**
_**Les Olympiques des Animaux**_ celebrated the Olympic games in Paris. It was based on our previous Olympic shows (Rio and Japan) with a new design by Alison Ashton and some new scenes specifically for Paris, including a Parisian Rap song and a Paris fashion sequence. The show was aimed at 6 to 11 year-olds and performed in simple French with opportunities for children to sing songs and participate alongside the professional actors. The tour extended throughout Northumberland and also into Cambridgeshire, focusing in particular on areas of rural isolation or urban disadvantage, where access to arts and diversity is often least. It was supported by a grant from Arts Council England as well as the EDF Energy Blyth Offshore Demonstrator Wind Farm Community Benefit Fund at the Community Foundation North East. This meant we could offer free shows to Blyth schools. The performers included two recently graduated drama students Eleanor Cobb and French actor new to TSF, Fanny Le Pironnec, as well as TSF artistic director John Cobb. Sarah Kemp directed. There were 26 performances in total, benefiting 2953 children, 1343 of whom participated in workshops enabling them to devise Olympic displays and activities from their own ideas.
## **Comments from children:**
_The best bit was taking part, wearing costume, learning the songs, cheering for our favourite animal, the comedy._ Humshaugh First School
_I loved how interactive it was, how funny and how everyone could learn the songs._ Hedworth Lane Primary School
_You can hear how they pronounce the words so the next time you try to say a word in French you can think back to the play and say how they said it._ Ellington Primary School
## **Comments from teachers:**
_Excellent - the children benefited from a cultural experience with exposure to French language. Added fun and humour._ Marden Bridge Middle School
_Thankyou for a wonderful entertaining session – Excellent, very clear & confidence raised. We only wish we’d had longer._ Bede Academy Primary Blyth
_Fantastic and engaging, expanded their vocabulary. They loved it_ . St Mary’s C of E Primary School, Saffron Walden.
## **Community participatory projects**
## **Older People’s Drama**
The older people’s drama group in Hexham continued to meet regularly at Queen’s Hall Arts Centre, with several new people attending over the year. In Spring 2024, the group started work on a new devised show, _**Many Happy Returns!**_ The show was commissioned by Northumberland County Council to celebrate the centenary of the county Library
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
Service and funded by Arts Council England. The group did archival research to discover information and stories for the play, supported by county archivist Kate St Clair Gibson who also co-produced the show with TSF. Together with Sarah Kemp, the cast improvised and wrote the text for the play. Ken Patterson created an animated backdrop to each scene, Janet Longbottom composed music and wrote songs, and Alison Ashton assisted with design. In the cast were nine older people and one younger person. The show featured live music performed by two cast members, Bridget Enever (saxophone and violin) and Maxine Tomney (accordion), as well as songs sung by the cast. The play was directed by Sarah Kemp. John Cobb was stage manager and also made a cameo appearance in one of the scenes. The show toured to great acclaim to rural community venues in Bellingham, Allendale, Haltwhistle and Rothbury in November 2024, reaching an audience of 190 people, many of whom reported that it would encourage them to use the Library Service more. Svitlana Pohasiy’s 20-minute film of the production was shown to much acclaim at the Northumberland Libraries conference in Spring 2025.
## **Participant/actor responses**
_I had a marvellous time. Working with a committed group of people is a joy, and the range of ability and experience was integrated in to a satisfying result. I think we all felt proud to be part of it and energised by the performances, and even more supportive of libraries!_
_For me drama is exciting, something I have always wanted to do since I was young and dabbled in. Now I am retired I can do more. And it stimulates me, gets me together with friends and explore new subjects and techniques. It is good for me physically too._
_The drama group is the highlight of my week and I thoroughly enjoyed being involved in Many Happy Returns. Having moved to the area relatively recently and having retired just before that, it has been an excellent way to meet new people and feel involved in the community. It is great fun and brings a great deal of joy into my life._
## **Audience responses**
_Very informative and fun. Great to see the community come together to tell a community story._
_Excellent evening, educational, fun and engaging._
_Hugely enjoyable. Credit to all the actors / musicians. Cleverly written and informative. Thank you._
_Very inspiring and informative. Great variety of delivery._
_Brilliant production and brought back good memories. May libraries flourish!_
_Loved it! A beautiful, inspiring (informative) production. So clever - funny and moving._
_Quite brilliant. Every minute absorbing and clever. A great evening!_
_Great show - most entertaining and enlightening._
_Bravo!! Brilliant celebration of the 100 years. Loved the show._
## **Drama and Wellbeing project**
We had been very pleased to be awarded Thriving Together, Health Inequalities funding to work in partnership with Northumberland Library Service to set up some drama and
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
wellbeing workshops in Bellingham in Autumn 2023. Despite it being challenging at the start to encourage people to come, we ended up with a small but very positive and enthusiastic group of mostly older people. Owing to a slight underspend, the group was able to continue into Spring 2025. The work was documented by Svitlana Pohasiy and turned into a three-minute film.
## **Participant comments:**
_I just wanted to say what a fantastic workshop we all enjoyed today. I can’t imagine anyone not having a huge smile on their face throughout, if we can persuade them to step in and try. Really wonderful, thoroughly enjoyed it._
_From the first session, I absolutely love it, receive so much benefit from it and the Wednesday morning is the highlight of our week. This course is so well structured and run and covers many of the issues and concerns in physical and mental wellbeing and not restricted only to the elderly! I would recommend that all health professionals are made aware of these courses with a view to patient recommendation as the short and long term benefits are immense._
## **Tenerife Workshops**
Sarah Kemp and John Cobb were invited by their Spanish colleagues, Carlos Belda and Josefa Suárez, to run a five-day Neutral Mask theatre workshop for 22 participants attending Tenerife’s annual amateur theatre festival, taking place in El Sauzal in December 2024. Participants ranged in age from 24 to 80. They were a fabulous, energetic and committed group to work with. Sarah was also a member of the five-person jury that judged the 10 plays being presented at the festival.
Whilst in Tenerife, Sarah and John also participated in a five-day skills-sharing workshop with 14 other international colleagues who had all trained with Monika Pagneux.
## **Volunteers**
TSF has been very grateful for the help and support of volunteers over the year, in particular, all the performers in the _**Many Happy Returns!**_ show and Shelagh James who helped with making props. Thanks also to Linda France and Jo Aris who helped stewarding for _**Arrival**_ in Hexham Abbey, to Tony May for his assistance with lighting and to Jonathan Hill who has for many years expertly tested our portable electrical appliances.
## **Working with Ukrainian Artists**
As mentioned above, TSF has continued to work with Ukrainian artists based in Tynedale throughout the year, in particular Svitlana Pohasiy who came originally in 2022 on an Erasmus for Young Entrepreneurs scheme. Svitlana has continued to document TSF’s work.
We have also been working on the _**Seeds of Hope**_ project with four other Tynedale based Ukrainian artists – Yaryna Kvitka, Nataliia Petryc, Yuliia Achkasova and Lucy Nychai who have brought a richness and diversity to TSF’s work.
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
## **TSF archive**
We are delighted that Newcastle University has acknowledged the importance of TSF’s work over more than 30 years by agreeing to hold an archive of our achievements. John Cobb has been working throughout the year to sort through and order the hard copy materials we have: programmes, scripts, photographs, marketing materials, funding history etc.
## **Publications**
Sarah Kemp had an article on ‘ _Older people’s agency and empowerment through engagement in physical theatre_ ’ published in a special edition of the _Theatre, Dance and Performance Training Journal_ on ‘ _Agency_ ’. Sarah was invited to Greenwich University, London, in June 2024, to present her article at the launch of the journal’s special edition.
## **Evaluation**
After all TSF’s performances and projects, age appropriate feedback questionnaires are used to ask about enjoyment, level of understanding, relevance, benefits of seeing the show and/or participating in the workshops, usefulness of educational materials, improvements in confidence and motivation. Comments are also invited via the company website and social media platforms. Sometimes groups are invited to give feedback via teachers and youth leaders. At the end of each project all this material is analysed; reviews from press and peers are collated; feedback is collected from the creative, technical and educational teams; the process and outcomes of the project are reflected on with all personnel involved; and action points for the development of future work are recorded.
## **Financial review**
The charity’s total income for the year was £74,066 (2024: £63,348). Over 95% of this income derived from charitable activities: grants totalling £56,932 (2024: £44,640) plus performance and similar fees £14,917 (2024: £14,744). 37% of the grant income was provided by Government and other sources of public funds (2024: 99%). Northumberland County Council continued to support TSF this year with an unrestricted Cultural Portfolio grant of £1,098 and the charity is particularly grateful to the Joicey Trust for an award of £1,500 towards core costs. Notes 4 and 10 to the financial statements provide further information on the source of grants.
TSF would also like to thank very warmly those individuals who donated £1,585 (2024: £3,508) towards the work of the charity.
The charity’s expenditure totalled £76,989 (2024: £76,776) and therefore there was a deficit for the year of £2,923 (2024: deficit of £13,428). The decreased deficit is partly attributable to the reduction in staff costs to £nil (2024: £6,897). The overall result is significantly better than had been forecast and is satisfactory given the challenging economic environment in which charities in general and small performing arts organisations in particular continue to operate.
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
The charity’s total funds at 31 March 2025 were £41,754. Of this total, £6,577 was held as restricted funds, leaving £35,177 as unrestricted reserves (2024 unrestricted reserves £33,570).
Within the charity’s unrestricted reserves are fixed assets of £890. The charity’s free reserves after accounting for this are £34,287 which represents an increase of £2,239 over the previous year.
The charity’s reserves policy set out below is to maintain at least three months of expenditure in reserves, which would equate to approximately £19k based on the charity’s 2025 results. Hence, at 31 March 2025, unrestricted free reserves were approximately £15k above the baseline providing a significant buffer. In addition, the charity’s forecast for the 2025/26 year projects a further reduction in core costs, indicating that the available reserves provide adequate cover.
## **Reserves policy**
The trustees have resolved that reserves should be maintained to cover at least three months’ operating expenditure. At 31 March 2025, this policy objective was met since unrestricted free reserves represented 5.3 months’ operating expenditure (2024: 5.0 months).
## **Plans for the future**
We are working with:
1. Our _**Seeds of Hope**_ colleagues to produce a book that will document our work to date, and to create a new site-specific performance piece to be shown at the Burnlaw Centre near Allendale in September 2025
2. Northumberland Library Service to retour _**Many Happy Returns!**_ in October 2025
3. Newcastle University to re-run the Head and Neck cancer project with community groups in the North East in 2025/26.
- We are continuing to seek funding to continue the drama and wellbeing group in Bellingham
- We will continue with the TSF archive
- We will explore possibilities for further touring of _**Sherlock Holmes: The Speckled Band.**_
## **Structure, governance and management**
## **Company Status**
The organisation is a charitable company limited by guarantee, incorporated on 30 January 1991 and registered as a charity on 16 May 1995.
The company was set up under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association as amended by special resolutions dated 05 May 1995 and 07 December 2010.
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## Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
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 2025 was 4 (2023: 4).
## **Board of Trustees**
Théâtre Sans Frontières’ governing body is its Board of trustees which currently comprises four people from a variety of backgrounds. The amended Memorandum & Articles of Association allow for a minimum of three and a maximum of twelve trustees. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
All trustees give their time voluntarily and receive no benefits from the charity. No trustee received any remuneration for his or her services as trustee during the year ended 31 March 2025.
New trustees are only recruited when trustees resign or when there is a perceived skills gap on the Board. At present, Théâtre Sans Frontières gives all new trustees an induction pack which includes:
- Terms of reference including legal obligations under charity and company law Charity Commission guidance on public benefit
- Person specification / Skills requirements
- Key company policies and procedures
- Any publicity from current shows
## **Organisation**
The Board of trustees is responsible for the overall management and control of the charity and meets at least twice a year for full Board meetings plus the Annual General Meeting. The Board is supported by a Finance sub-committee which meets more regularly. The charity is run on a day-to-day basis by the two freelance joint artistic directors, Sarah Kemp and John Cobb. Part-time administration and finance staff are engaged on short freelance contracts and, in addition, the charity commissions work from self-employed actors, directors, designers, writers, composers, marketing personnel, fundraisers etc.
## **Related parties and relationships with other organisations**
The charity is not affiliated with any other organisation.
## **Risk management**
The charity has continued to monitor the risks to which it is exposed. Financial sustainability is the main financial risk for the charity. A key element in the management of financial risk is the continued close monitoring of available liquid funds. Careful budgeting and management reporting against those budgets continues to ensure that no irreversible commitments are made to projects before adequate funding has been obtained. Unrestricted reserves are closely monitored since provision for core costs while funds are being raised for projects, or final funding instalments awaited, remains a major challenge. Attention has also been focused on non-financial risks arising from fire, health and safety, cyber security and performing rights. These risks are managed by robust
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Théâtre Sans Frontières Trustees’ annual report for the year ended 31 March 2025
policies and procedures, ensuring testing and accreditation is up to date, and risk assessment of all charitable activities.
## **Statement of responsibilities of the Board of trustees**
The Board of trustees (who are also directors of Théâtre Sans Frontières Ltd 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 Board of 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 Board of trustees is required to:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities SORP
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation
The Board of trustees is responsible for keeping proper 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 Board of trustees is 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.
This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.
The trustees’ annual report has been approved by the trustees and signed on their behalf by
………………………………………………
Barbara Douglas (Chair)
Date: 08/10/2025
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Independent examiner’s report to the trustees of Théâtre Sans Frontières
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 13 to 30.
## **Responsibilities and basis of report**
As the charity trustees of the company (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 your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Jennifer Daniel FCCA DChA
Slade & Cooper Limited Beehive Mill, Jersey Street Manchester, M4 6JG
Date: 28/11/2025
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## Théâtre Sans Frontières Limited
Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2025
|Unrestricted
funds
Note
£
**Income from:**
Donations
3
1,585
Charitable activities:
4
16,015
Investments
5
632
**Total income**
**18,232**
**Expenditure on:**
Charitable activities:
6
16,625
**Total expenditure**
**16,625**
7
**1,607**
Transfer between funds
-
**Net movement in funds for the year**
**1,607**
**Reconciliation of funds**
Total funds brought forward
33,570
**Total funds carried forward**
**35,177**
**Net income/(expenditure) for the**
**year**|Restricted
funds
£
-
55,834
-
**55,834**
60,364
**60,364**
**(4,530)**
-
**(4,530)**
11,107
**6,577**|Total funds
2025
£
1,585
71,849
632
**74,066**
76,989
**76,989**
**(2,923)**
-
**(2,923)**
44,677
**41,754**|_Total funds_
_2024_
_£_
_3,508_
_59,384_
_456_|
|---|---|---|---|
||||_63,348_|
||||_76,776_|
||||_76,776_|
||||_(13,428)_
_-_|
||||_(13,428)_
_58,105_|
||||_44,677_|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
A full comparative SOFA is available on the last page of the financial statements.
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## Théâtre Sans Frontières Limited Company number 02578163
## Balance sheet as at 31 March 2025
|Note
£
£
**Fixed assets**
Tangible assets
12
890
**Total fixed assets**
**890**
**Current assets**
Debtors
13
8,416
Cash at bank and in hand
36,137
**Total current assets**
**44,553**
**Liabilities**
Creditors: amounts falling
due in less than one year
14
(3,689)
**Net current assets**
**40,864**
**Total assets less current liabilities**
**41,754**
**The funds of the charity:**
Restricted income funds
15
6,577
Unrestricted income funds
16
35,177
**Total charity funds**
**41,754**
2025|_£_
_£_
_1,522_
_1,522_
_9,899_
40,743
_50,642_
_(7,487)_
_43,155_
_44,677_
_11,107_
_33,570_
_44,677_
_2024_|_£_
_£_
_1,522_
_1,522_
_9,899_
40,743
_50,642_
_(7,487)_
_43,155_
_44,677_
_11,107_
_33,570_
_44,677_
_2024_|
|---|---|---|
|||_1,522_
_43,155_|
|||_44,677_|
|||_11,107_
_33,570_|
|||_44,677_|
For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006.
The notes on pages 16 to 30 form part of these accounts.
Approved by the trustees on 08/10/2025 and signed on their behalf by:
Barbara Douglas
Stephen Agar
14
## Théâtre Sans Frontières Limited
## Statement of Cash Flows for the year ended 31 March 2025
|Note
2025
£
**Cash provided by/(used in) operating activities**
18
**(5,238)**
_Cash flows from investing activities:_
Dividends, interest, and rents from investments
632
Purchase of tangible fixed assets
-
**Cash provided by/(used in) investing activities**
**632**
(4,606)
Cash and cash equivalents at the beginning of the year
40,743
**Cash and cash equivalents at the end of the year**
**36,137**
Increase/(decrease) in cash and cash
equivalents in the year|_2024_
_£_
_(3,216)_|
|---|---|
||_456_
_(1,029)_|
||_(573)_|
||_(3,789)_
_44,532_|
||_40,743_|
15
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025
The charity is a private company limited by guarantee, incorporated and registered in England and Wales. The registered office is 2a Tanners Yard, Hexham, Northumberland NE46 3NL.
## **1 Accounting policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
Théâtre Sans Frontières Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b Preparation of the accounts on a going concern basis**
The financial statements have been prepared on a going concern basis which assumes that the charitable company will continue in operational existence for the foreseeable future. At the year end TSF held net current assets of £40,864 and its unrestricted free reserves exceeded the amount required by the charity’s reserves policy. The charity’s forecast indicates that although the charity’s reserves will be reduced during the current year it will be able to continue as a going concern for at least the next twelve months. As usual, the charity will require some additional external funding if it is to continue over the longer term.
## **c Judgments and estimates**
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## **d Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and 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 a provision of a specified service is deferred until the criteria for income recognition are met.
16
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **e 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.
## **f Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **g Expenditure and irrecoverable VAT**
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:
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both the direct costs and support costs relating to such activities.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include its independent examination fees and costs linked to the strategic management of the charity.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h Tangible fixed assets**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:
Equipment 25% Motor vehicle 25%
## **i Financial Instruments**
The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
17
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **j 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.
## **k 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.
## **l Creditors**
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
## **m Pensions**
The charity uses a qualifying defined contribution workplace pension scheme to meet its duties as an employer. The charge in the financial statements is equal to the amount of the charity’s contributions payable in the year.
## **2 Legal status of the charity**
The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
## **3 Income from donations**
|Donations
_Total by fund 31 March 2024_
Total by fund 31 March 2025|Unrestricted
£
1,585
1,585
_2,605_|Restricted
£
-
-
_903_|Total 2025
£
1,585
**1,585**|_Total 2024_
_£_
_3,508_|
|---|---|---|---|---|
|||||_3,508_|
18
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **4 Income from charitable activities**
|**Grants**
Arts Council England Project Grant (2)
Arts Council England Project Grant (3)
Arts Council England Project Grant (4)
Fawside
Foyle Foundation
Hexham Town Council
Joicey Trust
Lions Club of Tynedale
Oracle Head & Neck Cancer UK
Passionists
**Total grants**
Fees and other income
Community Foundation (EDF ER Blyth
Offshore Demonstrator Wind Farm
Community Benefit Fund)
Northumberland County Council
Communities Together (Ukraine
Sanctuary)
Northumberland County Council
Cultural Development
Northumberland County Council
Cultural Portfolio
Northumberland County Council
Heritage and Libraries
Northumberland County Council
Thriving Together Northumberland
Total by fund 31 March 2025|Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
1,098
-
-
1,098
14,917
16,015|Restricted
£
-
-
11,014
9,000
600
4,000
1,500
1,500
-
-
-
-
7,500
-
15,020
5,700
55,834
-
55,834|Total 2025
£
-
-
11,014
9,000
600
4,000
1,500
1,500
-
-
-
1,098
7,500
-
15,020
5,700
56,932
14,917
71,849|_Total 2024_
_£_
_19,797_
_9,955_
_-_
_-_
_-_
_-_
_-_
_-_
_500_
_1,000_
_2,500_
_1,098_
_-_
_9,790_
_-_
_-_|
|---|---|---|---|---|
|||||_44,640_
_14,744_|
|||||_59,384_|
19
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **Income from charitable activities** _**- previous reporting period**_
|**_Grants_**
_Arts Council England Project Grant (1)_
_Arts Council England Project Grant (2)_
_Arts Council England Project Grant (3)_
_Lions Club of Tynedale_
**_Total grants_**
_Fees and other income_
**5**
**Investment income**
Income from bank deposits
_Total by fund 31 March 2024_
_Northumberland County Council_
_Communities Together (Ukraine_
_Sanctuary)_
_Northumberland County Council_
_Cultural Development_
_Northumberland County Council_
_Cultural Portfolio_
_Northumberland County Council_
_Thriving Together Northumberland_|_Unrestricted_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_1,098_
_-_
_1,098_
_14,744_
_15,842_|_Restricted_
_£_
_-_
_19,797_
_9,955_
_500_
_1,000_
_2,500_
_-_
_9,790_
_43,542_
_-_
_43,542_
2025
£
632|_Total 2024_
_£_
_-_
_19,797_
_9,955_
_500_
_1,000_
_2,500_
_1,098_
_9,790_|
|---|---|---|---|
||||_44,640_
_14,744_|
||||_59,384_|
||||_2024_
_£_
_456_|
All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.
20
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **6 Analysis of expenditure on charitable activities**
|Staff costs
Premises costs
Administrative costs
Project development costs
Project costs
Depreciation
Restricted expenditure
Unrestricted expenditure
**7**
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation
Accountancy and independent
examination
Independent examiner's remuneration - accountancy
fees
Independent examiner's remuneration - Independent
examiner's fee
Governance costs -|Total 2025
£
-
1,380
8,516
5,645
59,626
632
1,190
76,989
2025
£
60,364
16,625
76,989
2025
£
632
890
300|_Total 2024_
_£_
_6,897_
_1,984_
_7,916_
_11,876_
_46,336_
_632_
_1,135_|
|---|---|---|
|||_76,776_|
|||_2024_
_£_
_47,409_
_29,367_|
|||_76,776_|
|||_2024_
_£_
_632_
_850_
_285_|
21
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **8 Staff costs**
Staff costs during the year were as follows:
|aff costs during the year were as follows:|||
|---|---|---|
|Wages and salaries
Redundancy and termination costs|2025
£
-
-
-|_2024_
_£_
_4,197_
_2,700_|
|||_6,897_|
No employee had employee benefits in excess of £60,000 (2024: nil).
The average number of staff employed during the period was nil (2024: nil).
The key management personnel of the charity comprise the trustees and the joint Artistic Directors. The total remuneration of the key management personnel of the charity was £24,266 (2024: £24,904).
## **9 Trustee remuneration and expenses, and related party transactions**
Neither the Board of trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2024: nil).
None of the trustees received travel and subsistence expenses during the year totalling £nil (2024: none, £nil).
Aggregate donations from related parties were £Nil (2024: £nil).
No trustees or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.
22
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **10 Government grants**
The government grants recognised in the accounts were as follows:
|Northumberland County Council Cultural Portfolio
Northumberland County Council Thriving Together
Northumberland
Arts Council England Project Grant (3)
Hexham Town Council
Northumberland County Council Cultural
Development
Northumberland County Council Communities
Together (Ukraine Sanctuary)
Arts Council England Project Grant (2)
Arts Council England Project Grant (4)
Northumberland County Council Heritage and
Libraries|2025
£
-
-
11,014
1,500
-
-
1,098
7,500
-
21,112|_2024_
_£_
_19,797_
_9,955_
_-_
_-_
_1,000_
_2,500_
_1,098_
_-_
_9,790_|
|---|---|---|
|||_44,140_|
There were no unfulfilled conditions and contingencies attached to these grants.
## **11 Corporation tax**
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
23
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **12 Fixed assets: tangible assets**
|**Cost**
Additions
Disposals
**Depreciation**
Charge for the year
Disposals
**Net book value**
**13**
**Debtors**
Other debtors
Prepayments and accrued income
At 1 April 2024
At 31 March 2025
At 31 March 2025
_At 31 March 2024_
At 1 April 2024
At 31 March 2025|£
44,146
-
(4,031)
40,115
42,624
632
(4,031)
39,225
890
_1,522_
Equipment|£
19,206
-
-
19,206
19,206
-
-
19,206
-
_-_
2025
£
6,650
1,766
8,416
Vehicles|£
63,352
-
(4,031)
Total|
|---|---|---|---|
||||59,321|
||||61,830
632
(4,031)|
||||58,431|
||||890
_1,522_|
||||_2024_
_£_
_5,721_
_4,178_|
||||_9,899_|
## **14 Creditors: amounts falling due within one year**
|Trade creditors
Other creditors and accruals
Taxation|2025
£
232
3,415
42
3,689|_2024_
_£_
_2,339_
_5,137_
_11_|
|---|---|---|
|||_7,487_|
24
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **15 Analysis of movements in restricted funds**
|Fawside
Foyle Foundation
Hexham Town Council
Joicey Trust
Passionists
Total
Restricted donations
Arts Council England
National Lottery Project
Grant (4)
Creative UK
Northumberland County
Council Communities
Together (Ukraine
Sanctuary)
Northumberland County
Council Cultural
Development
Children and the Arts
Community Foundation
(EDF Energy Blyth Offshore
Demonstrator Wind Farm
Community Benefit Fund)
Oracle Head & Neck Cancer
UK
Northumberland County
Council Heritage and
Libraries
Northumberland County
Council Thriving Together
Northumberland|Balance at
1 April
2024
£
-
2,355
-
718
-
-
-
-
500
1,829
-
5,705
-
-
11,107
|Income
£
11,014
-
9,000
-
600
4,000
1,500
1,500
-
-
7,500
-
15,020
5,700
-
55,834|Expenditure
£
(11,014)
(404)
(9,000)
(180)
(600)
(1,708)
(1,500)
(1,500)
(500)
(1,829)
(7,500)
(5,705)
(13,224)
(5,700)
-
(60,364)|Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Balance at
31 March
2025
£
-
1,951
-
538
-
2,292
-
-
-
-
-
-
1,796
-
-|
|---|---|---|---|---|---|
||||||6,577|
25
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **Name of restricted fund Description, nature and purposes of the fund**
|Arts Council England|Les Olympiques des Animaux - Paris 2024|
|---|---|
|National Lottery Project||
|Grant (4)||
|Children and the Arts|A 'Start' arts participation project for children with little previous arts|
||experience|
|Community Foundation|Les Olympiques des Animaux - Paris 2024|
|(EDF Energy Blyth Offshore||
|Demonstrator Wind Farm||
|Community Benefit Fund)||
|Creative UK|Development of new company website|
|Fawside|Towards Seeds of Hope|
|Foyle Foundation|Towards Seeds of Hope|
|Hexham Town Council|Towards Seeds of Hope|
|Joicey Trust|Towards core costs|
|Northumberland County|Towards Seeds of Hope|
|Council Communities||
|Together (Ukraine||
|Sanctuary)||
|Northumberland County|Towards Seeds of Hope|
|Council Cultural||
|Development||
|Northumberland County|For the adult drama group to create and perform Many Happy Returns!|
|Council Heritage and|celebrating the centenary of the Northumberland Library Service|
|Libraries||
|Northumberland County|To run a drama and wellbeing project designed to alleviate health|
|Council Thriving Together|inequalities|
|Northumberland||
|Oracle Head & Neck Cancer|
To provide workshop performances that reflect the experiences of|
|UK|patients, families & friends and medical staff involved in head and neck|
||cancer|
|Passionists|Towards Seeds of Hope|
|Restricted donations|Adult drama group and Ukrainian film camps|
26
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **15 Analysis of movements in restricted funds continued**
|_Children and the Arts_
_Creative UK_
_Hadrian Trust_
_Lions Club of Tynedale_
_Thriving Together Fund_
_Restricted donations_
_Total_
**_Previous reporting_**
**_period_**
_Arts Council England_
_National Lottery Project_
_Grant (2)_
_Arts Council England_
_National Lottery Project_
_Grant (3)_
_Community Foundation_
_(Bellingham Fund)_
_Community Foundation_
_(EDF Energy Blyth_
_Offshore Demonstrator_
_Wind Farm Community_
_Benefit Fund)_
_Community Foundation_
_(Ted Weekes Fund)_
_Northumberland County_
_Council Communities_
_Together (Ukraine_
_Sanctuary)_
_Northumberland County_
_Council Cultural_
_Development_|_Balance_
_at 1 April_
_2023_
_£_
_-_
_-_
_2,355_
_1,105_
_2,565_
_2,865_
_3,295_
_1,000_
_886_
_-_
_-_
_-_
_-_
_14,071_|_Income_
_£_
_19,797_
_9,955_
_-_
_-_
_-_
_-_
_-_
_-_
_500_
_1,000_
_2,500_
_9,790_
_903_
_44,445_|_Expenditure_
_£_
_(19,797)_
_(9,955)_
_-_
_(1,105)_
_(2,565)_
_(2,865)_
_(2,577)_
_(1,000)_
_(1,386)_
_(500)_
_(671)_
_(4,085)_
_(903)_
_(47,409)_|_Transfers_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|_Balance at_
_31 March_
_2024_
_£_
_-_
_-_
_2,355_
_-_
_-_
_-_
_718_
_-_
_-_
_500_
_1,829_
_5,705_
_-_|
|---|---|---|---|---|---|
||||||_11,107_|
27
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **16 Analysis of movement in unrestricted funds**
|**Current reporting**
**period**
**_Previous reporting_**
**_period_**
_General fund_
General fund|Balance
at 1 April
2024
£
33,570
33,570
_Balance_
_at 1 April_
_2023_
_£_
_44,034_
_44,034_|Income
£
18,232
18,232
_Income_
_£_
_18,903_
_18,903_|Expenditure
£
(16,625)
(16,625)
_Expenditure_
_£_
_(29,367)_
_(29,367)_|Transfers
£
-
-
_Transfers_
_£_
_-_
_-_|As at 31
March
2025
£
35,177|
|---|---|---|---|---|---|
||||||35,177|
||||||_As at 31_
_March_
_2024_
_£_
_33,570_|
||||||_33,570_|
## **17 Analysis of net assets between funds**
|Tangible fixed assets
Fixed asset investments
Net current assets
Total
_Tangible fixed assets_
_Net current assets_
_Total_
**_Previous reporting_**
**_period_**|General
fund
£
890
-
34,287
35,177
_General_
_fund_
_£_
_1,522_
_32,048_
_33,570_
28|Restricted
funds
£
-
6,577
6,577
_Restricted_
_funds_
_£_
_-_
_11,107_
_11,107_|Total 2025
£
890
-
40,864|
|---|---|---|---|
||||41,754|
||||_Total 2024_
_£_
_1,522_
_43,155_|
||||_44,677_|
|||||
## Théâtre Sans Frontières Limited
## Notes to the accounts for the year ended 31 March 2025 (continued)
## **18 Reconciliation of net movement in funds to net cash flow from operating activities**
|**Net income/(expenditure) for the year**
**Adjustments for:**
Depreciation charge
Interest
Decrease/(increase) in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating**
**activities**|2025
£
(2,923)
632
(632)
1,483
(3,798)
(5,238)|_2024_
_£_
_(13,428)_
_632_
_(456)_
_9,684_
_352_|
|---|---|---|
|||_(3,216)_|
29
Théatre Sans Frontières Limited
Notes to the accounts for the year ended 31 March 2025 (continued)
19 Prior year Statement of Financial Activities (including Income and Expenditure account)
Unrestricted
funds
Restricted
funds
Total funds
2024
Total funds
2023
Income from:
Donations
2,605
903
3,508
2, 502
Cha ritable activities:
15,842
43,542
59,384
59,918
Investments
456
456
68
Total income
18,903
44,445
63,348
62,488
Expenditure on:
Cha ritable activities:
29,367
47,409
76,776
84,420
Total expenditure
29,367
47,409
76,776
84,420
Net income/(expenditure)
for the year
(10,464)
(2,964)
(13,428)
(21,932)
Transfer between funds
Net movement In funds for
the year
(10,464)
(2,964)
(13,428)
(21,932)
Reconciliation of funds
Total funds brought forward
44,034
14,071
58,105
80,037
Total funds carried forward
33,570
11,107
44,677
58,105
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
30