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← Reckless Sleepers

2025-03-31-accounts

Company number: 3171875 Charity Number: 1054220

Reckless Sleepers

Report and financial statements For the year ended 31[st] March 2025

Reckless Sleepers

Reference and administrative information

for the year ended 31 March 2025

Company number 3171875 Charity number 1054220 Registered office address 7 Silbury Close, Blackburn, England, BB2 3WF

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:

C. Belcher L. Brennan R. Dunn K. Egan N Mackenzie R. Piekarczyk J. Ward P. Wetherell N. Woods Company Secretary P. Wetherell Key management P. Wetherell Artistic Director personnel Bankers Barclays Bank Plc High Street, Nottingham Independent Christy Lau FCCA CTA DChA, Slade & Cooper Limited Examiner Beehive Mill, Jersey Street, Manchester, M4 6JG

1

Reckless Sleepers

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[st] March 2025. Included within the trustees’ report is the directors’ report as required by company law.

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 company’s performance work aims to provide continual high-quality projects available to a national and international network of theatres, venues and in traditional and unconventional art spaces, introducing a wide-ranging audience to entertaining new theatre and unusual forms of presentation.

The continuing objectives of the company are to:

The main areas of activity are focused around a residency touring model that includes related educational programmes, research and installation projects. The company embraces an interdisciplinary approach that insists on collaboration with a range of artists and art forms, and also often between institutions and venues. The work hopes to explore the possibilities of performance and extend the current repertoire of contemporary arts work.

The educational programmes offer a range of work, including long and short residences, performance lectures and the development of interactive artistic programmes. The education activity works in tandem with the public programme.

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 ensure the charity's aims, objectives and activities remained focused on its stated purposes.

2

Reckless Sleepers

Trustees’ annual report

for the year ended 31 March 2025

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.

Achievements and performance

The charity's main activities and who it tries to help are described below. All its charitable activities focus on arts activities and are undertaken to further Reckless Sleeper's charitable purposes for the public benefit.

Public performances for the company were for It’s Hot, It’s Not, Binary Opposition, Journey’s End (working title) and A String Section.

The bulk of activity was with Binary Opposition residencies in Farnham, Bournemouth, Manchester, Kortrijk, Salford and Bath.

The scenery for It’s Hot, It’s Not was refurbished to enable quicker installations for presentations in Roskilde, Denmark and KinderKinder Festival in Hamburg.

A String Section was presented for Langs de Promenade Festival Nieuwpoort Belgium, Veranos De La Villa Madrid Spain, and for Fragile Festival Pina Bausch Centre Wuppertal Germany.

In December 2024, the company were invited to present Negative Space for La Manufacture in Avignon. To support this, an application was submitted to Arts Council England which was unsuccessful.

Binary Opposition residency at Salford University began in January 2025, premier presentation took place in May 2025.

Organisational changes

In-person networking activities took place with visits to IETM in Den Bosch Netherlands, and to Bright Generations Assitej Global meeting in Marseille.

Beneficiaries of our services

Students and young people participating in workshops and residencies, and in particular those studying contemporary devised theatre. Also, children in early years in locations where our work for children is presented.

Increases in engagement through online activities such as live stream presentations, open rehearsals, and post-presentation online events have widened educational participation. Globally enhanced through our partnership with Digital Theatre + broadcasting Negative Space & Schrödinger.

Professional dancers who participate in the larger-scale versions of A String Section. 13 Professional artists in the creation and touring of theatre and dance productions.

3

Reckless Sleepers

Trustees’ annual report

for the year ended 31 March 2025

Financial review

British Council Support £1,000 for A String Section and State of the Arts Flemish Commission €2,200 Veranos de la Villa.

At the end of the financial year, the total unrestricted reserves of the charity were £20,907 and the restricted funds of the charity were £2,431.

Reserves policy

In the company’s opinion, the principal risk to the organisation is the continuation of future funding streams. The policy adopted to mitigate this risk is to work to build up sufficient reserves to cover a minimum of 3 months’ operating costs. The company’s overheads are relatively minimal, and there are no major investments or loans. As a result, the directors find the above policy quite adequate.

Structure, governance and management

Governing document

The organisation is a charitable company limited by guarantee, incorporated on March 13, 1996 and registered as a charity on April 2, 1996. The charitable company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the charitable company being wound up, members are required to contribute an amount not exceeding £1.

Trustees

All trustees are already familiar with the practical work of the charity, attending public performances and inclusion in the development of the current business plan. Trustees are recruited by the company for their varied backgrounds and specialist knowledge that will support the company in different areas of its existence.

New trustees are invited to meet the board to familiarise themselves with the charity and the context within which it operates and cover:

Trustees are given a briefing on their legal obligations under charity and company law, and the content of the Memorandum and Articles of Association. Details of the committee and decision-making process are provided to the trustees prior to their acceptance of the appointment. Following acceptance, further copies of the business plan and recent financial reports regarding the charity’s work are also forwarded.

An introduction pack with questions and answers has been produced, drawing information from the Charity Commission publications, highlighted through the Commission's guide “The Essential Trustee”. This document is used as an induction tool kit for all new trustees.

4

Reckless Sleepers

Trustees’ annual report

for the year ended 31 March 2025

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, paying particular attention to the area regarding fee charging, where we work closely to address this issue with our presenting partners.

Organisation

A board of trustees of up to ten people administers the charity. The board meets quarterly to discuss issues such as developments, current projects, future projects, finance and audits, contributing to the smooth running of the company. The Chair of the board directs the meetings and is in place to deal with any issues that may arise regarding complaint procedures, and a Company Artistic Director is appointed by the trustees to manage the daily operations of the charity.

Related parties and relationships with other organisations

The charity has an ongoing strong working relationship with a variety of educational establishments, which aids the charity in its commitment to developing successful education programmes. The support from these establishments allows for both long and short term residences benefiting young people from schools, colleges and universities.

Risk management

Within the framework of the quarterly trustee board meetings, discussions are held regarding possible risks the charity may face and the shaping of systems and procedures to deal with and minimise the potential impacts on the company should those risks materialise.

5

Reckless Sleepers

Trustees’ annual report

for the year ended 31 March 2025

Statement of responsibilities of the trustees

The trustees (who are also directors of Reckless Sleepers 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 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.

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 on /_/2025 and signed on their 29 12 behalf by

==> picture [152 x 32] intentionally omitted <==

P. Wetherell

Trustee

6

Independent examiner’s report

to the trustees of

Reckless Sleepers

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2025 which are set out on pages 8 to 20.

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.

Christy Lau FCCA CTA DChA

Slade & Cooper Limited Beehive Mill, Jersey Street, Ancoats Manchester, M4 6JG

//2025

7

Reckless Sleepers

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2025

Unrestricted
funds
Note
£
Income from:
Charitable activities
3
39,847
Total income
39,847
Expenditure on:
Charitable activities
4
47,119
Total expenditure
47,119
(7,272)
6
(7,272)
Transfer between funds
(2,237)
Net movement in funds for the year
(9,509)
Reconciliation of funds
Total funds brought forward
30,416
Total funds carried forward
20,907
Net income/(expenditure) before
taxation
Net income/(expenditure) for the
year		 Restricted
funds
£
37,723
37,723
47,311
47,311
(9,588)
(9,588)
2,237
(7,351)
9,782
2,431		 Total funds
2025
£
77,570
77,570
94,430
94,430
(16,860)
(16,860)
-
(16,860)
40,198
23,338		 Total funds
2024
£
96,950
96,950
109,332
109,332
(12,382)
(12,382)
-
(12,382)
52,580
40,198

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.

8

Reckless Sleepers Company number 3171875

Balance sheet as at 31 March 2025

Note
£
£
Fixed assets
Tangible assets
11
2,057
Total fixed assets
2,057
Current assets
Debtors
12
4,337
Cash at bank and in hand
13
25,801
Total current assets
30,138
Liabilities
Creditors: amounts falling
due in less than one year
14
(8,857)
Net current assets
21,281
Total assets less current liabilities
23,338
Net assets
23,338
The funds of the charity:
Restricted income funds
15
2,431
Unrestricted income funds
16
20,907
Total charity funds
23,338
2025		 £
£
1,141
1,141
9,310
34,176
43,486
(4,429)
39,057
40,198
40,198
9,782
30,416
40,198
2024		 £
£
1,141
1,141
9,310
34,176
43,486
(4,429)
39,057
40,198
40,198
9,782
30,416
40,198
2024
1,141
39,057
40,198
40,198
9,782
30,416
40,198

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:

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 and are for circulation to members of the company.

The notes on pages 10 to 20 form part of these accounts.

29 12 Approved by the trustees on //2025 and signed on their behalf by:

==> picture [154 x 33] intentionally omitted <==

P. Wetherell Trustee

9

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025

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.

The charity has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these Financial Statements.

Reckless Sleepers meets the definition of a public benefit entity under FRS102. 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 trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. No key judgments which the trustees have made which have a significant effect on the accounts.

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.

10

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

c 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.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

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

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item 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), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated 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.

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.

11

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

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:

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

h Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Fixtures and equipment

25% reducing balance

12

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

i 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.

j 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.

k 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.

l 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

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.

13

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

3 Income from charitable activities

Current reporting period
Arts Council England
Culture Moves Europe
Project and touring income
Total
Previous Reporting Period
Arts Council England
Culture Moves Europe
Project and touring income
Total		 Unrestricted
£
-
-
39,847
39,847
Unrestricted
£
-
-
38,308
38,308		 Restricted
£
39,960
(2,237)
-
37,723
Restricted
£
49,950
8,692
-
58,642		 Total 2025
£
39,960
(2,237)
39,847
77,570
Total 2024
£
49,950
8,692
38,308
96,950

4 Analysis of expenditure on charitable activities

Direct Production Costs
Premises Costs
Communications
Depreciation
Miscellaneous
Research and Marketing
Governance costs (see note 5)
Restricted expenditure
Unrestricted expenditure		 Total 2025
£
71,014
15,521
1,716
686
917
664
3,912
94,430
2025
£
47,311
47,119
94,430		 Total 2024
£
86,995
13,824
3,184
380
-
753
4,196
109,332
2024
£
51,146
58,186
109,332

14

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

5 Analysis of governance and support costs

Current reporting period
Accountancy and bookkeeping
Bank charges
Previous Reporting Period
Accountancy and bookkeeping
Bank charges
6
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Independent examiner's fees
Accountancy
Independent examination
Tax		 Governance
£
3,620
292
3,912
Governance
£
3,816
380
4,196
2025
£
686
1,390
285
662		 Total 2025
£
3,620
292
3,912
Total 2024
£
3,816
380
4,196
2024
£
380
1,325
270
630

7 Staff costs

No employees has employee benefits in excess of £60,000 (2024: Nil).

The key management personnel of the charity comprise the trustees and the Artistic Director. The total employee benefits of the key management personnel of the charity were £Nil (2024: £Nil).

15

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

8 Trustee remuneration and expenses, and related party transactions

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

K Egan (Trustee) received a fee of £3,593 (2024: £1,398) and storage rental (garage) of £598 (2024: £548) during the year.

R Piekarczyk (Trustee) received a fee of £1,922 (2024: £820) during the year.

P. Wetherell (Artistic Director) received a fee of £22,056 (2024: £21,238), studio rental of £7,893 (2024: £9,115) and £1,008 travel and subsistence expenses during the year. At the year end, there was an outstanding balance of £2,383 owed to P. Wetherall for studio rental (2024: £nil).

No other trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2024: nil).

9 Government grants

The government grants recognised in the accounts were as follows:

Arts Council England 2025
£
39,960
39,960		 2024
£
49,950
49,950

£2,431 (all restricted funds carried forward) relate to unspent ACE grants (see note 15). Conditions attached are to complete all the projects, which we expect to do in the forthcoming financial years.

10 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.

16

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

11 Fixed assets: tangible assets

Cost
Additions
Depreciation
Charge for the year
Net book value
12
Debtors
Grants receivable
Trade debtors
Other debtors
Prepayments and accrued income
13
Cash at bank and in hand
Cash at bank and on hand
Cash in transit
At 1 April 2024
At 31 March 2025
At 1 April 2024
At 31 March 2025
At 31 March 2025
At 31 March 2024		 Equipment
£
4,173
1,602
5,775
3,032
686
3,718
2,057
1,141
2025
£
-
2,133
-
2,204
4,337
2025
£
19,458
6,343
25,801		 Total
£
4,173
1,602
5,775
3,032
686
3,718
2,057
1,141
2024
£
3,006
5,000
206
1,098
9,310
2024
£
28,490
5,686
34,176

17

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

14 Creditors: amounts falling due within one year

Trade creditors
Other creditors and accruals		 2025
£
-
8,857
8,857		 2024
£
1,204
3,225
4,429

15 Analysis of movements in restricted funds

Arts Council England
It's Hot
The Azores
Total
Arts Council England
It's Hot
The Azores
Total
Binary Opposition
Current reporting
period
Binary Opposition
Previous reporting
period		 Balance at
1 April
2024
£
7,496
2,286
-
9,782
Balance at
1 April
2023
£
-
2,286
-
2,286		 Income
£
39,960
-
(2,237)
37,723
Income
£
49,950
-
8,692
58,642		 Expenditure
£
(45,025)
(2,286)
-
(47,311)
Expenditure
£
(42,454)
-
(8,692)
(51,146)		 Transfers
£
-
-
2,237
2,237
Transfers
£
-
-
-
-		 Balance at
31 March
2025
£
2,431
-
-
2,431
Balance at
31 March
2024
£
7,496
2,286
-
9,782

Name of restricted fund

Description, nature and purposes of the fund

Arts Council England Funding for Binary Opposition and It's Hot

The Azores

This fund supported the mobility (transport, accommodation) for 5 EU based company artists to create new work. The basis was the development of Binary Opposition.

18

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

16 Analysis of movement in unrestricted funds

General fund
General fund
Current reporting
period
Previous reporting
period		 Balance
at 1 April
2024
£
30,416
30,416
Balance
at 1 April
2023
£
50,294
50,294		 Income
£
39,847
39,847
Income
£
38,308
38,308		 Expenditure
£
(47,119)
(47,119)
Expenditure
£
(58,186)
(58,186)		 Transfers
£
(2,237)
(2,237)
Transfers
£
-
-		 As at 31
March 2025
£
20,907
20,907
As at 31
March 2024
£
30,416
30,416

Name of unrestricted fund Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds

17 Analysis of net assets between funds

Current reporting period
Tangible fixed assets
Net current assets/(liabilities)
Total
Previous Reporting Period
Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
2,057
18,850
20,907
General
fund
£
1,141
29,275
30,416		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-		 Restricted
funds
£
-
2,431
2,431
Restricted
funds
£
-
9,782
9,782		 Total
£
2,057
21,281
23,338
Total
£
1,141
39,057
40,198

19

Reckless Sleepers

Notes to the accounts for the year ended 31 March 2025 (continued)

18 Prior year Statement of Financial Activities (including Income and Expenditure account)

Income from:
Charitable activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Taxation - Theatre Tax Credit
Transfer between funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
Net movement in funds for the
year
Net income/(expenditure)
before taxation
Net income/(expenditure) for
the year		 Unrestricted
funds
£
38,308
38,308
58,186
58,186
(19,878)
-
(19,878)
-
(19,878)
50,294
30,416		 Restricted
funds
£
58,642
58,642
51,146
51,146
7,496
-
7,496
-
7,496
2,286
9,782		 Total funds
2024
£
96,950
96,950
109,332
109,332
(12,382)
-
(12,382)
-
(12,382)
52,580
40,198		 Total funds
2023
£
51,344
51,344
96,163
96,163
(44,819)
33,830
(10,989)
-
(10,989)
63,569
52,580

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

20