harfty R8glstratlon No. 1054553 Company Reglstratlon No. 03165836 (England and Walo$) BOX CLEVER THEATRE CO LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
BOX CLEVER THEATRE CO LTD LEGAL AND ADMINISTRATIVE INFORMATION Trusto•s J H Beacham J F Brown Davies F< M A Poley A Gillie A M Govlland C P Jenkins R H Mrf.rp.Ath T Parashar C Smith F Joseph (resignéd 10th September 20201 GIrIty number 1054553 Company number 03165836 Registered office v315 Vn¥ ShJdirtA 145 Durham Street London SE11 5JH Indop•nd•nt examin•r John Howard FCA Azets Audit Services 2nd Floor Regts I louse 45 King William Street London Unlted Klngdom EC4R 9AN Bankers HSBC Bank PIC 110 Grey Street Newcastle Tyne & Wear NE16JG Natlonvlde Bulldlng Soc46ty Nationwide House Pipers Way Swindon SN38 1NW CAF Bank Limited 25 Kir¢gs Hill Avenue Kinos Hill West Malling Kent ME194JQ
BOX CLEVER THEATRE CO LTD CONTENTS Page Twstees. report Independent examinels report Statement of financial activibes Balanc8 stteet Notes to the financial statements 8-19
BOX CLEVER THEATRE CO LTD TRUSTEES. REPORT (INCLUDING DIRECTOR8. REPORT) FOR THE YEAR ENDED 30 APRIL 2021 The Trustees. who are also Dlrectors of the charity for the purp)8es of the Companies Act 20(, present Iheir report together with the financial statements of the ch8rity for the year ended 30 April 2021. The Truslees have followed the requlrements of the Statement of Recommended Practice ISORPI issued 2015. Objectlves and actlvltles Th8 oty'e¢t for which the charfty has been estsblished 18 to advance education for the public benofft by the promotion of the arts, In particular, but not exdusively, the art of drama. as set OLrt Sn the company's goveming document. We are a writer-led trtruring company dedirAlg.d tn thA r.r8alion of high-qualty. contemporary theatre for youn9 peoplc. Wc tour production¥ lo Jthool8, thealre8 and venuea, and work on Greative projects with students in theii schools. Location5 such as libraries, galleries or Iheaires are also used wh¢r¢ students from proj8d s¢hwls can meet, work together and showcase their c¥ealive output. When reviewng the companys aims and obJ"ectives and planrtring futur& actiwties. the Irustees confirm that they have referred to thè Ch¥rity COMMIlon,8 guidance on public benefit. The th¢atrc company rell¢¥ on grants ar Inme frotn fees lo il¥ ur<i11VCI[ G05ts. In setting the level of fees, Ihe trustees gwe careful consideration Ir) the need to ensure that perfomiances are accessible to our tsrget audiences, i. young people under the age of 18 who are dependent on others for financial support in all areas of the ulllry. The same obiectives and guidance are reflected in our aim to ensure that we promote theatre 8$ an activity for all. We are committed to Equal Opportunities and ensure that 811 job applicants, employees and particlfits ar• tr•algd equally. We Comply fvlly with th8 DBS Coda of Practice, requesting Enhanccd Disdosures for all stsff WQTktng with young people. W¥ uri¢J¢ridK¥ wiol io diSGrirninale unfalty agalnst any subject of a Disdosure the basis of conviclion or other infom?ation revealed. When casting. Cr aim is to refiect Ihe cr)mposition of society as a whole especj'ally iwt not exclusively, in tomis of race and gendor. In order to ensure that our performances and projects adhere firmly to the principles of the company's objectivee and that thc bcncfits from its a¢tivitie3 continuo to relate to lh¢ aimj of the Gharity. the planning, preparatlon and evaluation of each proUucts"on and proiea are ihorough ano metsculous. Students, teachers. arbsts and funders are actively engaged at some point in the process, wth tho young people, our target audience, most dire¢Uy involved in the research and development of new projects and productions through our rehearsals in resldence. This direct engagement with the work and creative professionals offers th students a uniquè opportunity to particip919 in th• culturg of thoir communiti88 and to crcalc Ihc£tre whi refl8¢t5 their lives and concems. Achlevements and p•rfornMnco As with all those engaged in the ¢ffjativo arts, our yoar ha8 en dominatod by the pandemic and tho shiftlng landscape that it Greatsd, Ghalltngiiig (li¥ ir5 wIIiGh we did uui wotk reathe(l our audlences so that we co¢Jld continue to fvifil the company's aims and mission. Supported by Covid-related emeryency funding from Arts Council England, the City Bridge Trust and Lambelh coun1. we were able to d8velop prodiiclinnq Anrf prrtjftrtq which eJ)uld be aetessed by pupils, teachers and the wider public, either live or online, and still re18in the dyn8mism and lively interaction whbch so characterise our work, though deady numbers have been affected by the pandemic. Thts season we had a total audience number of 12,640, comprising malnly of young people and accompanyinq aoulls. 137 $¢hools and 3 venues have been involved in either live or online actTrvilies with lot81 of 134 pèrfom)8n¢•slworkshops lfilmed wrformanc•s. Al the end of the summer t8mi 2020, we were able to reach 518 studen15 in 4 schools from the Easl Midlands to the South Easl through our innovativ¢ bc47pokc onlino workghop?. Whilo the most popular were based on a5peGt5 Of Mocbeth with examlnat¢on classe$, our actors also offere¢J an exploraDon the pertomiance of monologues wth drama students. In the lull beiween lockdowns, the company were able to joumey to the South West in August for tsvo perfcwm8nc89 of Romgo and Juli8t at Starts Amphitheatr•, Lisk•ard, roaching a total audionce of 113.
BOX CLEVER THEATRE CO LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 In the autumn temi, attention tumed lo the productions we can offer lo local councils and their schools to enh8n¢e and strengthen their efforts lo keep their pupils and students safe on the roads in their areas. Initially, the MpanY toured lo 966 pupils in 14 primary schools in the London Borough of Bamet perfomiing Getting Th8r8. our enlhusiAstlf. And pnArgptic play whith encourages the pupils to take personal rèsponsibility for their own aafety. 82% 3aid that they had l¢amt more from the play about h¢)w to be safe near roadt> ori trdffic and 100°h of the teachers thought that th8 pu&Mls had bgen effectively reminded ol important stralegies lo ensure their safety and also considered the whote experience an important addition to the pupils, Road Safety education. Kent County Council also commlsgion8d fv40 prUctIOnS during November and December. Getting There for pupils who would be moving to secondary school the following year and The Passenger in Years 11 and 12. The former engaged 2.690 pupils in 22 primary schools in the county but the effects of Cowd-19 meant that tho Tnajority of thcsc pcrformancea and a¢Gompanying work8hop interaction took plarK online as the wtnpany and schc)Is adapie(J W the new 8nMronment in whith Ihey foun¢J themselves. 84% 01 pupils said that they hA(I IAAMI rnnrp. frrm) thg play tt how to bs safg near roads gnd traffic. The p•Sn9•r, a parf¢xman¢g which draws its audience into the heart of a relationship ended abruptly by a moment of driver distraction and which brings to the forefront the personal responsibility of everyone on a &4rjourney. engaged 1,242 students in 9 schoolg in thè county with thg final school bèing ablg to rgceive a live perfomiancc. 92% of studcnts said that they now ktkew that when Uiey wer¥ a puSsenger a lai, they had some responslbllty lor ihe ofanyjovmey. The autumn tam also saw important Aptivity in anolhAr key 8r8a of Box CIw8r's work.. the crèativ• collaboration befvleen th¢ wmpany ond young people. Following on from the SUGGess of The FR?nken6tsin Pn)Ject, the company iumed attenD"on anoiher dark rale trom the lyth century, ¢hat of R. L. Stephenson's Dr Jetyll and Mr Hyde. Although the eff8Cts of Covid IoDk their loll on the number of schools who could commit to the project. over 160 students from 7 schLx)1s in South Wesl, East hlidlands and South East worked th our Arti51ic Diredor and actors from the company on the script development in a mixture of online and live sègsions. Groups th•n camg tog•thor on an onlin• Gathering in The Gulbenkian Theatrc in Cantcrbury to 16spond to the first Ltraft of Iliv lIpl al the end of the first Stage of the project. 96% of the udenis reaiiy enjoyed the workshop sessions while 100% of the teachers felt the project developed the students, understanding of how a work is adapted and created for the stsge and had been really worthwhlle. Th8 year Bnded in thÈ h@sl 2nd mrtSt #ppropriate w8y 99 our gclorg roturned to the stage of th• •gg at Tho Theatre Royal in Bath to bring seasonal cheer to the West County with our lively, musical and uplifttng production of A Christmas Carol. 6 live perfomiances, one of which was also streamed, were seen by a total audience of 393. The spring len nab'onal Shakespeare tcmjr was once again hit badly by the effect of the PAndp.mic wbth okings cancelled or postponod to next year. Only 4 online perfonnances of Romeo and Juliet were possible In 3 schools (the perfomiances in Essex supported by the Chades S French ChatsbIe Trust) lo an audience total of 113 students vthile Macbeth fared slightly better.. with 5 live and 9 online performances in 11 schools to 1,714 studonts. To ensuro that 9tudents did not mi?8 out completely, the company 3enl filmed Versio of the produciton io schools who were not able to access either a live or online pertoThance. Of Ihese. g films of Romeo and Juliet were dispatched and 32 of Macb&th. 7 of students Ihought the way in which the charact8rs were presented by the actors was interesting and brought the text to life while IOOVO of teachers fell that the students, retention of quolalions will have been reinforced and their perception of characters. plot and themes developed. In addition. our first film fostival attra 1,471 vieworB to Ats¢b¢th and 728 to Romeo and Juliel. Working students to support and develop their understanding of an examination text formed the basis of our online wothshop based on J B Priesuey s An Inspector Galls which also went out to schoois in this tenn. Brief filmed Èxtracts w&r8 intersected hy livp int•.rxrJion wth Ihp characters during which motivation and thgmes could be explored in greater depth by the students, a fomiat which proved very popular. 2 schools who had to k1pone owng to the effed$ of Covid were sent the filmed extracls. 19 perfomances In 15 schools reached 2,153 sbjdenls. 89Vo of whom thought that the characters and issues were brought to life for them by the #Gtor¥. 96% of the teachers thought it was well 5ttUGtured and explored 18l¥vovil t11euii of the play in temis of pfol, Chafacter and themes.
BOX CLEVER THEATRE CO LTD TRUSTEES. REPORT (INCLUDING DIRECTOR8. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 Flnanclal revlew Overall a surplus for the yèar of £44,057 was generated. The tharity is financially dependent on fees paid for perforynances and funding received. The charity had totsl incoming resources for the year of £311.776 detsils of which are 9hown on the Statem8nt of Financial Activiti•È. In addition to fees, project grants wcre al30 gratefully reGei¥ed from City of L)do[l Bridy¥ Trus1, Biirvn Davenport'5 Gharty, Chartes S French Gharltable Tnjsl, The Boris Kartoff Charitable Foundation, The WalwyTJ Chapman Charitable Tnjsl and Arts Council England. R¢8orrf•s po15¢y The charlty manages its funds and lh8 grants that11 receives lo ensure tha( at any tlme. sufficienl reseNes are available to ensure that the committed projeds a completed and committed administrative costs are covered. The trustees COnder that an appropriate level of free res8rv85 (monies not tied up in fixed assets. restricted Dr d8signated nd.£) tn hA thrA• to nin8 monlhs of expenditurè_ Th$ actual level of Ire• reservos at thc year end was £121.432 which represents some five month) of exponditure. Stwctur•. gov•rnAne• and m¥nagem•nt The Char is contrle¢ tyy its goveming document, a deed ol Irust, and constituies a limited company, limited by guarantee. as defined by the Companies Act 2006. It is govemed by Memorandum and Arfdes ol Association. These were amended in June 2018 with the full consent of Ihe Trustees. Trustaa8 rè¢ruit0d through personal recommendation andlor by invitation and are people whose abilities and aims are in tune with those of the wmpanys charitable purpose. In lem)s of process, candidates meeL in the first instance. wilh the Artistic Director. They are then invited to attend a Tnjstees meetbng befcrfe a formal Invttation to join is issued by the 8oard and Artistic Director. Trustees are ultimately 2ppointed at the Annual Gèneral Mè•ling of Iho Charity though thoy can be appointed by the Board in the interim with AGM providing confimialion. All new Trustees have a period of induGtion during which they meet staff and are provided wlth key infomiation relating to their rights and responsibilities. Refer•n and administrntive detalls Registered nam& of the Charity: Registered Charity nL6mb8r: Registered Company number.. Addross of tho princip81 office.. Box CleverTheatre Co Ltd 1054553 03165836 v315 Vox Studios 145 Durham sireet SE115JH -tccs, who arc also d1CtorS for the purpo3e8 of the Compani¢s AGt 2006, during the peric¥J of the report UP io Ihe dale Ihe rert was approved. J H Beacham J F Brown M Davies RMAFoley A Gillie AM Gowlland C P Jenkins R H Mccreath T P8r8shar C Smith F Joeoph IR¢3ign¢d 10 September 2020)
BOX CLEVER THEATRE CO LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 The trustees. report was approved by the Board of Trust89$. F Brown Dated..
BOX CLEVER THEATRE CO LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOX CLEVER THEATRE CO LTD I report to the tru5tee5 On tny exatnination of the financial statements of Box Clevei The3tre Co Ltd (the ¢harilable company) for the year ended 30 April 2021. Responsibilities and basi5 of report As the trustees of the charitable cornpsny land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial stateTnenls in accord3nce wth the requirernent5 of the Companies Act 2006 Ithe 2006 Act). Havin9 satlsfied myself that the financial slaternenls of the charitable cotnpany are not required lo be audited under Part 16 of the 2006 Ad and a eligible for independent examination, l port In respect of my examin8tion of the charitable company's financial stat8menls tArri8d out und8r s8Ction 145 of the Charities Act 2011 (the 2011 Actl. In carrying out my 8xamin8tion I have follow8d all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent eX8minerfs statsment Sinc8 th8 charitabl8 company's gross incom8 8XC88d8d £250,000 your ex8miner must be a m8mber of a body listed in section 145 of the 2011 Act. I confirm that l arn qualified to undertake the examination bause l am a member of, which is one of the listed bodies. I have completed my examination. I confirm that no matters hsve come to my sttention in connection with the examination giwng tne cause to believe that in any rnaterial respect.. accounting records were not kept in respect of the charitable cornpany a5 required by section 386 of the 2006 A¢t, or the financial statement5 do not accord with those records.. or the financial statements 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 considere as part of an independent examination". or the financial statetnents have not been prepaod in a¢Gordance with the rDethod5 and prin¢iple5 of the St8tement of Recommended Practice for accounting and reportsng by charities applicable lo charities preparing Ih8ir aCUnIS in accord8nc8 With th8 Financi81 R8POrting Standard applicable in th8 UK and Republic of Ireland IFRS 1021. I hav8 no concerns and have com8 across no other matters in Connection with th8 8X8mination to which attention should be drawn in this report in order to enable 8 proper understanding of the financial statements to be reached. John Howard FCA 2nd Floor Regis Htsuse 45 King Williatn Street London EC4R 9AN United Kingdom Dated.. 21 Octob&r 2021
BOX CLEVER THEATRE CO LTD STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2021 Unrnstrlded Reslrlct•d funds funds 2021 20Z1 Total Unrestricted Restricted funds funds 2020 Z020 Total 2021 2020 Notès Donations and legacies Charitable aclivitses Investments Oiher inccne 140,507 96,079 69 19.550 48,8CN) 189,307 96,079 69 19.550 4,274 174.257 715 15,779 73,682 77,956 174,?57 715 15.TT9 T+)tl incom• 256,205 48,800 305,005 195,025 73,682 288,707 Raising funds 39,400 39.400 24,032 24.032 Charitable activities 192.746 31.293 224,039 219,487 73.682 293,169 Total resourGg¥ axpAndod 232.148 2S.9.42Q ?43,519 73.682 317.201 Net Incomellexpendlture) for thè yèarl mvvem¥nt in 24,059 17,507 41,500 (48,494) 148,4941 Fund balances at 1 MAY 20 1rAJ,615 100.615 149.109 149.109 Fund balancas at 30 Aprll 2021 124.674 17,507 142,181 100.615 100,615 The statement of financial activities indudes all gains and losses reeognlsed in the y83r. All inc¥)me and expenditure derive from continuing activities. The statement of financial a¢tivilie8 8180 complie8 Wth the requlremenls for an Inme and expendiiure account under the Companies Act 2006.
BOX CLEVER THEATRE CO LTD BALANCE SHEEr AS AT 30APRIL 2021 2021 2020 Flxed assots Tangibl8 assets 13 3.242 4,801 GuTfont assets Debtors Cash at bank and in haTr .4?.893 211,305 125,968 155,081 264,198 281,049 Cr•dltorn". •mounts falllng du• wlthln one year 15 (125,209) 1185,2351 Nel Cunt assets 138,939 95,814 Total assets less current Ilabllltles 142.181 100,615 InGom¢ fund¥ Restricted fvndq Unrestricted fund8 16 17,507 124,674 100.615 142,181 100,615 The company is entitled to Ihe exemption from the audit requirement contained in section 477 of tha Companies Act 2006, for the year ended 30 Awl 2021. The direthots acknovAedge their responslbiliti8s for wmplying with the requlrements of the Compani8s Act 2006 with respect to aco)unting records and the preparation of finanaal statement8. The members have not require(J Ihe company to obtain an audit of its financial statements for the year In questlon In accordance wllh sectson 476. These financial statements have been prepared in acLyJrdance with the provlslon$ applicable to companies Subject to the Small companies regime. The financi81 statements wers approvod by the Trustees ¢M .... 21)11 Trustse Company R•glAtratlon No. 03185838
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021 Accounting policies Charlty Infomiatlon Box Clever Theatre Co Ltd is a pnvate company limited by guarantee InpAJrporaieo In Enoiand an¢ Wales. Tha registered office is v315 Vox Studios, 145 Durham Street, London. SE115JH. The charrfable company is a company limited by guranteee. They Memor8ndum ofAssoctalion restricts the liabilty of membors on w4nding up to £1 unl8SB thoir liability bacom&8 unlimtrted through contravention of Uie Mvriio(¥iiduiYi. Iii Ilie vf wiiidiiig up of Ihe aiGumulated funds are diribu¢ed to the members but shall b8 given or transferred lo some other tharitable institutions having similar obiectsves . The charitable company meets the defini1j of a public benefit entity under FRS 102. 1.1 Accouniino ConnI10n The financial statements have been prep8red in accordance with the charitable companls goveming documents, the Companies Act 20 and "Accounling and Reporting by Charities.. Stslement of Rprmmmp.ndp.d PrArtifA AppIic3hl8 to chafttios preparing their sceounts in aeeordance with the Financial Reporting Standard applicable In the UK and RepubliG of Ireland IfRS 1021 leffeGtive 1 January 20191.. The chaniable company Is a Public Ejeneftl ntsty as ¢JelineO by 102. The charitable company has taken advantsge of Ihe provlsions In the SORP for charities 0py1ng FRS 102 Updale Bulletin 1 not lo prepare a Statement of Cash Flows. The financiol slalements a prepared in steding. which is the functlonal currency of the tharitable company. Monelary amounts in these financial statements are rounded to the nearest £. The financial statèments have been prepared under tho hi8toriGal cost convontion, m(j lo inGlude the revaluatson of treehold properne5 and lo Include investment properts.es and certain finanaal instruments at fair value. The principal accourbting pdicies adopted are set out below. Rodu¢•d Di6¢1osuro Examptions The charitable cornpany ha5 taken advantage of the followlng dlsclosure exempiion In prepalng Ihese finanryal stalemenls. as pemiitted by FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republbc of Iland. 1.2 Golng coTrcem After reviewing the charity's f0CaSt$ and prolections and taking into account the economic conditions and possible changes in trading perfomiance. The Tnjslees have a reasonable expectation that the tharity has adequate resources to continue in operational existence for the foreseeable futur&. The charity therefore continu8s lo adopt the gtNng CCne£*m basis in préparing tho fin#nciaJ ststem•nts. The trustees have also considered the impact of COVID-19 pandemic lockdown on the fvture vtabtlty of the charity. Since the end of March 2020 the charitys activilles have been serlously curtailed. At the date of approval of these financial stslements, the full impact on the charfty remains uncertain. Remodelled cashflows for Ihe coming year have been prepaTed which predict a slightly larger d?fit than orioinal budgetB for the coming y&ar, and a Smallèr deficit for the following y¢ar, which tho charity haa unrèJtri¢ted luridb iv cuver. Tlii¥ ¥uFJputts Ihe viebv that IhE finanGial 5tatem8nts should be prepared on a golng concem basis. onsequenuy, me Irustees have a reasonable expeaallon thai the cnanty 11 have sufft"cient lunds to continue lo meet its liabililieg ag they fall due to the foreseeable futu and therefore hav8 prepared the financAal statements on a going concem basis
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 Accountlng pollcles (Contlnu•d) 1.3 Income l incoming resources are Indudetl In the Stslement of Finanoal Activities ISOFAI when the tharify is legally entided to the income after any p8rformanc8 conditions have been met. th9 amount can be measured reliably and it is probable that the income will be received. Donatlon$ and legaryes including core grants, $ponsorshlp and gifts arc induded in fijll In the Statement of FinanGial A4livitse5 when re1Vable. Grants. where eniiiiemeni Is noi conailionai on Ihe delivery of speo'fic perfom)ance by the tharity. are recognisod when the charity becofnes unconditionally entitled to the grant. Ineomlng rssoureos from charitable aclivgteg indudès Sn¢t)m• from porfornianca faat rs¢eTrvgd undor contraGt. Grant income indufled in this category provided 111) tu bLEPWTI pErfurtnanEe activitles, tourlny or wort(shop projects and is recognised where there entiuemenl, certainty of receipt and the amount can be measured with sufficient reliability. Investment income is includèd when receivable. Grants recefved for specfflc purposes are treated as restricted ftjnds. Incx)me is deferred when perfomiance fees or grants are received in advance of Ihe perfomiance or event to which they relate. 1.4 Exp•nditur• All expendilure is accounted for on an aLxruals basis and has b88n das*fied urKler headings that aggregate all costs related to the category. Expenditure is recognised Whe there is a legal or constructsve obligation io mako payments to third parties. il is probable that the settlement will be required and the amount of the obligation can be measured reliably.11 is categorised under the followng headings.. Cost of raising funds are those costs incurred in attracting volurtsry income. Charitable expenditure comprises trtose costs incurred by the tharity in the staglng of its projects and performances. 11 Inclutles boih Costs allocated direcuy such aciiwiies and those costs ot an Indire nature necessary to 8UPFQrt them. 1.5 Allocatlon of support and govornan¢o costs Support costs are those that assist the work of the charity but do not diredy represent ¢harttable activities and incJiid8 govem8nc8 eogts, administrativo office function cos19. depreciation, HR and rgcruitmant, and premises Costs. They are incurred dir¢tY in supwt of expenditure on the obj'ects of the charitable company. GovernidliC¢ wiriyitbv till Gt)3Lb- ifivolving the public aGwuntability of the chamty and its mplIanCe with rogulation and good prath'ce. These costs indude costs related lo the independent 8xarnination fees. Support and govemancE costs have been 100% allocated lo the charrtable activity. Staff wage8 costs have been allOted at a higher percentsge than the prior year towards fijndiaisiiig ari away from chantabie acllvitses due to LUV1[15 and redeployment of stsff. 1.6 Taxatlon The charitable compeny is considered to pas? the tests Jet out in Paragraph I Sthedule 6 Finan(x AL 2010 antj Iherefore rt meets Ihe den"nilion ot a chanlable company lor UK Cofporalion tsx purposes. Accordingly, the charity is potentialty exempt from taxation in respect of income OT capital gains received within categories covered by Chapter 3 Part11 Corporation Tax Act 2010 or Section 256 of the Taxation of Charoeable Gains Act 1992. to the extent that suth incomè or gains are applied exdusNely to charitable purpokes.
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 Accountlng pollcl (Contlnuod) 1.7 Tanglble Ilxed ass•ts Depreciats'on is reCnIsed so as to lte off the cost or valuation of 8ssetq ttr&*ir r8sidual values ovor thoir usoful lives on the fdlowing bases.. Fixtures and fittbngs 25% on cst 1.8 Charltabl• funds Unrestricted funds are available for use at the discretion of the Iruslees in furtheran of their tharitae ofy'eclives. Designated funds cotnprise fuiidb wliiGli li¥vE b¥¥n aside al the disryetion of the trustees for specmc PUTPOS8S. The purposes and us85 of the designated funds are s8t out in the notes to the financial statements. -tricted funda gre >uble¢t to 8pecAfic conditions by donors to how they may be used. The purp)ses and uses ol the len"cted funds are set out In ihe noles to the hnanual statem8nts. 1.9 Retlrement b•neffts The Ghgritable company operates a defined contribution pension s¢htme. corrtributi1$ pay¥iJl¥ lo Ihe an18& companys pension sch8me are charged to the Statement of Finanrial Activities in the period to which they relate. 1.10 Debto Trade and Olher debtors are recoqnised at the settlement amount due. Prepayments are valued at th8 amount prepaid. Accrue(l income is measured 8t the 8moL5nt dua to b8 raceived. 1.11 Cash and cash equlvalonts Cash and cash equivalents Indude cash in hand. deposits held at call with banks. other short-terni liquid investments wtth original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabllitses. 1.12 Credltors Creditorg reeognised wh•r• lh• charity ha8 a p•1 obligation resulting from a pasl evont that wll probably result in transfer of funds lo a third party and the amount due to settle the obligatlon can be mèasured or eslimaled reli8LIy. Other Gredltors and accruals recognlse(l ai thelr seitteméni amouni Que. 1.13 Financial in¥trumonts The charity only has financial assets and financial liabllities of a kind that qualify as basic financial in$lruments. Basic financial instruments are inits'ally rècognised at transaction value and subsequently mèasurèd Bl their qpttlpmp.nt v#lii8. 1.14 L•asos The charity dassifies the rental Igase as an operating lèases, where substantially all of the benefits and risks of ovdnership r8mAin wlh IhA les8or Rental charges are tharged or¢ a straight line basis over the term of the lease. 10-
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 Cthlcal •c¢ountlng estlmates and Judgemonts In the appli¢ation of the Gharilable companls accounting policies, the trustees ere qUired lo rnake judgements, esiimales and assumpiions about the carying amount of assets an¢J liabilities that a not readily apparent from other sour&95. The estimates and associated assumptions are based on historical experience and other factors that are wnsidered to be relevant. Actual results may differ from these eslima18S. Tli¢ ¢biirvi&al¥¥ <*iid Ufidertyiiig a55uwnptsuns ar8 review8d on ark ongoing bas15. Rev151ons lo accountlng estimates 8re recognised in the period in which the eslimale is revised where the reVion affects only that period, or in the period of the revision and fvlure periods where the revision affects both current and futtjre period5. Donotlons and 1ogacle• Unrestrlctèd R•AtrldÈd funds funds Tot¥1 lJnrè¢trirtod R85tricted funds fvnd Totsl 2021 2021 2021 2020 2020 d020 Donations Ond grfls Project grants Oiher 138,442 138.442 48.800 2,065 4,274 4,274 73.682 48.800 73,682 2.065 140,507 48,800 189,307 4.274 73,682 77,956 Charttabl• acllvltl•8 2021 2020 Productlon fee8 96,079 174,257 Investmonts Unrèstrictod Unrestrirted fvnd$ funds 2021 2020 Interegt recelved 715 f1
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 Other In¢omo Unr¢$trlcted Unrestricted funds funds 2021 2020 Theatre Tax lief Coronavirus Job Retention Scheme 15,855 3.695 15,779 19,55Q 15,779 Ralslng funds Un[11cted UniestsiGled funds fund5 2021 2020 Govemance costs Adverting Staff costs Support costs 1,935 6.300 12,762 3.035 200 39,200 Fundrgising and publicity 39.400 24,032 39,400 24,032 12-
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2021 Charltable •ctlvttlos Educatlon Educatlon Throuah Thrtsuch Arts Arts 2021 2020 65.571 5.501 4,192 81.885 120.666 12.709 28,276 24,779 Transport and fuel Travel and accomodation Production costs 137.149 186.430 Sha. nf Uprt rJ)t¢ (spe note Q) Share of g0Veman costs (see note 9) 82.6go 4.200 104.804 1,935 224.039 293,169 Analysls by fund Unrestricted funds Restricted fund5 192,746 31,293 219,487 73,682 224.039 293.169 13-
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 Support costs Support Governance ¢o$t¥ cost8 2021 Support Governanee costs costs 2020 Staff costs Depreciation bubscriplions Rent Bank charges Repairs and newaIS RAt8.g 2nd wAtè.r InsuranGe Telephone Postsge and slalionery Professional fegs other costs 53,922 1.559 3.075 5,465 472 2,559 53.922 1,559 3.075 5,465 472 2,559 9,327 1,790 62.249 1,258 62,249 1,258 516 2,227 7.528 1,756 3,023 1,167 516 2,227 7,528 1,758 3,023 1,167 1,790 144 1,883 500 1.994 1,883 600 1.994 28.113 28.113 Independent Examination Fee 4,200 4.200 3,870 3,870 82,690 4,200 86,890 107,839 3,870 111.709 Analysed between FiJnAraising Charitable aGlivities 3,035 104,804 1,935 1,935 4,970 106.739 82,690 4,200 86,890 82,690 4.200 86,890 107,839 3,870 111,709 10 Net movement in funds 2021 2020 Nel movement in funds is stsled after chargingllcreditingl Fees payable lo the company's auditor for the audit of the company, financial statements Depreciation of owned tsngible fixed assets 4.200 1,559 3,870 1,258 11 TruBtèg8 Nona of tha trugtaes lor any person6 connected with Iheml leived any remuncration or benefits from the Lhciiilable GDmpany during the year. 14-
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 12 Employeeg The average monthFy number ofemployees during the year was". 2021 Number 2020 Number Employment costs 2021 2020 Wages and salaries Social security costs Other pen51on sts 166.193 1.106 1,394 188,783 5,417 1,477 158.693 195.677 The charitabl¢ ¢ompany ha? al30 utili3ed 8 {2020 .. 6) freelance staff in the year. Employee time has been allocaled either,. il To direct costs on a percentage of the time spent by an employee on an 8ctivSty li) to support costs ailocated on a percentsge basis over all costs. No employee received emoluments of more than £60.00012020 . none) The key man8g8ment ofthe ¢harilable MpanY comprise of the Trustees and the Artistic Director. The TTUSt6es do receive any remuneratson for ihis role. The total ernpYee benefits of the key management personnel for the charitable company were £46.520 {2020 46.5131 15-
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 13 Tanglblo flxed a886ts Flx¢ur•• •nd fftlln o•¢ At 1 May 2020 12.217 At 30 Aprfl 2021 12,217 Daproclatlon and Impalrn)8nt At 1 May 2020 Depreaation charged in the year 7,416 1.559 At 30 April 2021 8,975 Carrylng amount At 30 Ayr412021 3,242 At 30 April 2020 4,801 14 Debtors 2021 2020 Amounts falling due within one year: Trade debLors Other debtors Prepayments and accrued Income 38,609 9,148 5,136 118,560 7,408 2,bY3 125,Yb8 15 Crndltorn: amounts falllng wlthln on• yur 2021 2020 Other taxation and socFal security Trado eroditors Olher creoiiors Accruals and deferred income 12.664 13,222 34.385 4,001 2YY 146,550 98.862 125,259 185,235 16-
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 16 Restrldod fund$ The income funds of the chanty indude restrrcted funds Gomprlsing the followtng unexpended balances of donatsons and grants held on IrU specifi¢ PUTposes.' Movemfrnt In funds In fvnds Ineommg resouree• 8aMne• 1 May 2020 In¢Ing R•8oure EaMrtC• T¢rS •xpMd•d 30 Aprfl 2021 City of London Bridgfj Trust ACE Outside the Box 32,aoo 16,000 {23,9881 17.305) 8,812 8,695 48.800 {31.2931 17.507 17-
¢0 ry k- 000 (ovoou u)
BOX CLEVER THEATRE CO LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021 18 Aftatysls of not assets batwoen fund$ Unrgstrfcted Restrlcted funds funds 2021 2021 Tolal Unrestrfcted Restrtcted funds fiJnd8 202U ZD20 Total 2021 2020 Fund balanGos at 30 April 2021 are rtypresented by". Tangible 8ssets Current asset51 (liabilities) 3,242 3,242 4.801 4,801 138,939 138,939 95,814 95,814 142.181 142,181 100,615 100,615 19 R8lated party transactions During the year ended 30 April 2021, 0 12020". £5.4001 was paid lo a related company, a company controlled by 8 trustee, for fundrai81ng consuttancy. There was £0 balance12020.' £nil} due at the year-end. 19-