Chartty reglstratlon number 1054553 Company rnglstration number 03165836 (England and Wal•sl BOX CLEVER THEATRE COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023
BOX CLEVER THEATRE COMPANY LEGAL AND ADMINISTRATIVE INFORMATION Thistees T Ahmad J H Beacham J F Brown M DaeS RMAFoley A Gillle A M Gowlland C P Jenkin5 R H Mccrealh T Parashar C Smllh (Appointed 25 Janu8ry 2023) Charlty nurnbor 1054553 Company numbor 03165836 R•gl8tsred offlce The Riverhèad Theatro Victoria Roatl Louth LN11 08X Indepondwlt examln John Howard FCA Azets Audit SoNIc*s 2nd Floor Regis House 45 King William Street London EC4R 9AN Bankers HS8C Bank PIC 110 Grey Street Newcaslle Tyne & Wear NE16JG Natlonwld& 8uilding Society Nationwidè Hous8 Pipèrs Way Swndon SN38 1NW CAF Bank Limitsd 25 Kings Hill Avenue Kings Hlll Wtsst Malling Kent ME19 4JQ
BOX CLEVER THEATRE COMPANY CONTENTS Page TfUStees' reFort Independent examifterfs report Statement of financial act83 Balance sheet Notes to Ihe financial statements 7-15
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE PERIOD ENDED 31 MARCH 2023 The Trustees, who are also Directors of thg ¢hanty for the Purposes of the Companies Act 2006, presgnt their report lryJelher with the finanryal ststements of the charity for the perfod ended 31 March 2023. which is an eleven-month period to align the subsequent year with Arts CoLtneil England fundin9. The Trustees have followed the requirements of the Statement of Recommended Practice ISORPI issued 2015. The fin8nry81 ststèments have been prepared in accordance wth the 8(rounting poliaes set out the notes of the rinanaal statements and comply wSth the Charitsbla company5 memorandum and articles of association. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Slatgment of Recomrnended Practic appllcable to charllies preparing their accounts in a¢¢ordanca with the Financial Reporting Standard applicablg In the UK and Republic of Ireland IFRS 102). (effective 1 January 20191- Obl•ctlves and activltigs The object for which the charity has baen establlshed is to advance education lor the public benefft by the promotion of the arts, in particular. but not exdusivdy, the art of drama. as sel out in the companls goveming document. We afe a writer-led touring rJ)mpany dgdicat8d to th6 creation of high-quality, contemporary theatr0 for young peo&. We tour productions to schooEs. the8lrè$ and venues, and work on creative projects students in their schools. Locatlons such as libraries, gallerie5 or theatres are also used where students from proje¢t schools can meet. work together and showcase their ¢r8ab've output. Whon r8vièwing the CA)mpany's aims and objectNe8 and pl8nnlng futur8 activities. the trustees confimi that they have referred to the Charity Commlsslon's gui(lanc8 on public nefit. The theatre company relies on grants and Incomg from faès to o)ver its operational costs. In setting the1gvg1 of f88S, thè trust siva carefvl consideration lo the need lo ensure that parfomiances are assIble to our target audiencas, i.e. young people und9r the age of 18 who are dependefil on others for finanoal support in all areas of the county. The same objectives and gsjidance are reflected in our 8im lo ènsure that we promote theatre as an actlvity for all. We are committed lo Equal Opporttjnities and ensure that all job applicants, employees and participants arg treated equally. We comply fully with the DBS Code of Practicg. rUesting Enhanced DisclosLires for all staff working with young people. We undertake not to discriminate unfairfy again818ny subject of 8 Dlsdosur6 on the basis of conviction or othgr Inforniation revealed. When casling, our aim is lo reflect the composition of society 8$ a whole in terms of race, sexuality, gender and disabnity. In order to ensure that our perfomiances and projects adhere firnly lo the principles of the (x)mpan$ objectNes and that the benefits from acbwties continue lo relatg lo thè aims of th8 charity, thè planning, praparation and èvaluation of each production and project are thorough and meticulous. Students. teachers. arbsts 8nd fitndèrs 8re actively eng8ggd at soma point In tho process. with the young people, our target audience, most directly involved in the re5ear¢h and developmtrnt of new prol&rts and productions through our mhearsals in residence. Thls dlrect ongagem&nl with the work and creative profèssionals offers the sludgnls a unique opportunty to participate in the culture of their communities and to create theatre which refi8¢ts thgir liv8$ and concerns. Achl•v•rn•nts and perf¢mian¢• We are very please<l lo be 8blo lo announ¢e th. although indu5tsial action has inevitably disrupted some of our plans to perform in Schools, this has been kapt to 8 minimum and a large proportion of our tours to all parts of the cx)unty have gone ahead according to plan. Increased sales, particularly of our Shakespeare producttons. hav9 led to a very pleasing rise in audience numbers, something on whith the company wll build in the coming year. 2022-2023 saw the company perfonm lo an audience totsl of 46,261 young people and accompanyng adults in 245 schools and 4 venues. We have tntinUed to work with local authorities and schools to support tha work that thay do to decrease the numbers ol young paople who are sadly aff8Cted by road traffic incidents. Our plays for prtmary PL¢pils are Ilvely and alIStiC but also fun and engaging, teaching the children how to re¢ognis8 th8 d3ng8rs in their own locations and lake responsibilrty for thelr own safety when travelling to and from school, especAally during a transition year to secondary school.
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Through¢ul the poriod. Getting There, OUT inleraclive play toured from the North Wesl to London having been commissv)ned by the coun(xls of M8nthesler. Greater Manchestèr, Knowsley, Bury and the London Borough of Bamet. 74 live perforn)ances were given in 68 s¢hods to pupils in Years 4, 5. 8, 7 and 8 to a total audience number of 6,965. 98°A of pupils enjoyed the perfomiance and 93% thought that they had leamt more frorn Ihe about how to be safe near roads and traffic. 100.10 of teachers thought that the play was really good and hgld the att6ntion of the pupils while 100% found th9 wh918 8XP8rience an important addlllon to Iho pupils, Road Safety education. In the autumn our production of R L Stevenson's tale of Dr J9kyll's tormenlecl slruggSe with his 81ter e90 Mr Hyde travelled the (nty to Èntèrtain its Gothic horror and lo provide active and engaging support for the students who were currenyy studying it. 55 perfomiances took place in 35 schools and on8 vgnua. the Union Theatre in Soulhwark to an audience total of 7.278. 98% of the students enjoyed watchlng the perfom7ance while 97Yo thought that seelng the performance had b&&n a worthwhile experience. 1000k of the te8chers really enjoye(l the production, thought thg perf0mnCe was dramatically effective and h81d the attention of the students and that it had been a worthwhile experien¢e. The spring term was dominated by the louis Macbeth and Romeo and Juliet with the creative learns delighted to be out on the road ag3in for the entirety of their performances. 128 parfomiances of Macbeth were given in 78 sd)ools and 1 vonue to an audience total of 17,261. 97% of the 8tudènl$ who saw the play enJoyed the perfomian¢e and Ilkèd the way in which the production was stagod and p8fftJrm&d. 100Qh of tga¢hers really enjoyed thi5 production of Macbeth. thought the performance was dram81i¢ally effective and held the attention of the slud&nts, liked the way in which the performance was stsggd. and the Characters and events presented, would have supported the students understanding of the play as piece of theatre rather than as a text on 8 page, that their retention of quotstions would have boen reinlor¢èd and thèiy pèrception of characters, plot and themes develop. 78 perfomiancas of Romeo and Juliet were given in 48 schools and 2 v8nue$ to an audience tolal of 10.356. 98% of the students who saw the play enjoyed the pèrfomance and Ilked thè way In whlch tho twoduction was stsggd and p8rfomied. 11XJ% of teachers really enjoyed this projuctlon of Romeo and Juliet and thought that the perfomance was a worthwhile exp8ri8nco. The season also induded a tour of a workshop pro¢Ju¢lion of J 8 Priestl8y's An Inspector Calls which engages tudents actiV91y In the intetrogation and analysis of the characters involved in the life and death of Eva Smith. The tour delivered 15 workshops to 10 schools in the South East, East. West Midlands, and Lonc*on ie8¢hing a total of 1,865 students. Rehearsals in Residènce of this produ¢ts'on together with that of Romeo and Juliet thed 8 further 616 In 18 sessions in 2 London schDSs while Bespoke worksh¢)ps on subjects ranging from the gnvlronment to GCSE poety erwed 1,920 Students in 11 sessions in 4 sChoS and 1 venue. Flnanclal revlew Overall a surplus for the period of £10,t27 was generated. The charity is financially dependent on fees paid for perf0mnceS and funding receNed. The charity had totsl incoming resources for the period of £351.050 details of which are shown on the Statement of Financial Activities. In addition to lees, project grants were also gratefully received from John Lyon's Ch8rity. Arts Council England, The Foyle Foundation and the Walwyn Chapman Foundation. Res•rv•s poll¢y The charity manage5 tts funds and the grants th8t receives to ensure that, at any tim6, sufficient roseryes are availablg to ensure that the o)mmitied projects are compltrted and committed adminislralive costs are wvered. The InJstees nSidr that an appropriate level of free reserves (monies not lied up in fixed assats. rostricted or deslgnated fvndsl at the period end to bè in thè range of £43,000 to £130.000. besng three to nine mnths of planned Core expenditure. The actual level of free reserves al th& period end was £123,279.
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Structure. g¢vemanc• and management The charity is controtled by ils governing document, a deed of trust. antl constrtutes a limited cOMny. limited by guarantee, as Oefined by the Companies Act 2(KI6. 11 is govemgd by its Memorandum and Arttcles ofAssouation. These were amended in June 2018 wth the full consent of the Trustees. A copy ol the amended Arb"des of Assoclation are sent as an 8ppendix to thls report. Twsteès ar8 r8cruSled through personal rocclmendatiOn andlor by Invitation and are people whose abilities and aims a in lune with those of the company's charitab19 purptsse. In tèrms of Pre$S, candidaltrs meet. Sn th8 ffrsl instancg. wsth the Artistic Direcl(Y. They are then invited lo attend a Trustees meeting before a formal invitation lo join is issued by the 808rd and Artistic Director. Tru$t•$8 are ultimatsly appointed al the Annual General Meeting of the Charity though they be appointed by the Board in the interim with AGM prowding confim8tion. AJI new Tnjstses have a period of induction during which they meet staff and are provided with key information relating to their rights and responslblliknes. Rof•ronce and admlnlstratlve dètalls Regislefyd nama of the Charity.. Registered Charity number. Registered Company number.. Address of the principal 01Tice- Box Clever Theatrg Company 1054553 03165838 clo The Rtverhead Th8atre Victoria Street Lincoln LN11 OBX Trustees, who are also dlrectors for the purposes of the Companles Act 2006, during the period of the report up lo the dale th6 report was approved. T Ahmed J H Beacham J F Brown M Davies RMAFoley A Gillie A M Gob4land C P Jènkins R H M¢Cr8alh T P8ra5har C Smith IAppointed 25 January 2023} The twsts8s' report was approved by the Bogrri 0fTrust. Brown Dated..
BOX CLEVER THEATRE COMPANY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOX CLEVER THEATRE COMPANY I report lo the Iruslees on rny examination of the financkgl statements of Box Clever Thgatre Company (the charitable company) for the perknj entjed 31 March 2023. R•sponslbllltles and basis of report As the trustees of the ch8ritable ¢y)mp8ny I8nd 81so tts directors for the purposes of company law) you are rosponslblg for th& preparation of the financial statements in aOrdance wilh the requir8ments of the Companies Ad 20061th8 2006 Act). Having satisfied myself that the financial ststemenls of the charita18 company are not rgqulred to be audited under Part 16 of thg 20[ Act and ar8 eligible for independent exarninalion, I report in respect of my examination of the charitable company's financial statements carried out under $o¢tion 145 of the Charities Act 2011 (the 2011 Act). In carrying Out my axamination I have followed all the applicable Directions given by the Charity Cornmission under section 14515llbl of thè 2011 Act. lTrd•p•nd•nt oxamlner's statement Since the charitable company's gross income excee<led £250.000 your examinèr must bo a Mernr of a body listed in section 145 of the 2011 Act. I cA)nfimi thot l am qualrfied lo undertake the examination becausa l am member of , which is one of the listed bodies. I have Mpleted my examination. I confimi that no mattgrs have o)ma to my attantion in connectN)n with the examination giving me cause lo believe that in any material respect- accounting re18 were not kept in respect of tho ¢h8ritable company 8$ required by 8ecbon 386 of tho tho f7nandal ststgmants do not accord thosa r9cords: or the financial st81ements do not comply with the accounting rgqulremenls of secdon 39e of the 2006 Act othor than any requirement that the accounts give a true and fair view which is not a matter considered as part of an Independent examln8fjon', or the financi81 statements have not bèen prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting reporbng by charities applicable lo ch8rilies prepating their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I hav$ no eoneams and havè come across no oth8r mattars in connection ¥th thè axamln*lon to which attention should be drawn in this reptsrt in order ltr enable a proper understanding of the finanryal statements to be reached. John Howard FCA 2nd Floor Regis House 45 Klng Wllllam Street London EC4R 9AN 2 November 2023
BOX CLEVER THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2023 unr•s¢d Restrlctsd fvnds funds 31 March 31 March 2023 2023 Total UnfèStrl¢ted Restrfctgd funds funds 31 March30 Aprfl 202230 Aprll 202230 Aprfl 2022 2023 Total Not•s m• and Donations and legaeS Charitable activities Investments Other income 1.784 295.457 532 23,777 29,500 31,284 295.457 532 23.777 46,526 215,463 52 9,392 42.000 88,528 215,463 52 9.392 Total Income 321.550 29.500 351,050 271,433 42.000 313.433 ndltur• on.. Raising funds 9,106 9,106 9,348 9,348 Charitat4e activltles 301,451 29.5 330.951 267,074 59.507 326.581 Total expondltur• 310,557 29.500 340,0sr 276.422 59.507 335.929 Net In¢omelloxpendStur•} for th8 p•rlodl Not mov•ment In fvnd$ 10,993 10.993 14,989} {17.5071 122.4961 Fund balances at 1 May 2022 119.685 119,685 124,674 17,507 142,181 Fund balan¢e$ at 31 March 2023 130.678 130,678 119.685 119,685 Th8 statement of financial activlfjes indudes all gains and losses recogniwl in lh• period. l income and expenditure derive from Continuing activities. The statement of finanaal acbvsknes a150 m[leS wth the requirements for an InMe and expendibjre aC(Unt under the Companles Act 2006.
BOX CLEVER THEATRE COMPANY BALANCE SHEET ASAT31 MARCH 2023 31 March 2023 30 Aprll 2022 Fixed assets Tangle assets 13 1,266 1,683 Curr•nt ass•ts D8btors Cash al bank and in hand 14 118,748 148,564 38,465 130,697 267.312 169.162 Credltor8: arnountB falllng duo wlthln on• y•ar 15 {137.900} 151,160) Net ¢urronl assgts 129,412 118.002 Total assets le4* current liabilities 130,678 119.685 Incomè funds Unrestrscted fttnds Deslgnated funds Goneral unrestricted funds 17 6,133 124.545 6.133 113.552 130,678 119,685 130.678 119,685 The company Is entiued to the exemption from the audit requirement contsined in section 477 of th? Companies Acl 2006, for the period ended 31 March 2023. The directors acknowledge their responsibllitles for COMying with the require15 of the Companies Act 2008 with r¢spect to a¢¢ounting records and the preparation of financial stalernents. Thè members have not required the company lo obtsin an audit of its flnancial Statements for the period in question in accordance with section 476. Thesè financial $tatemgnts have been pr8par8d in accordance wth the prow3ions applicable to 1MpanieS $ubJ'8cI lo the small companies regime. /.f.. 2uL3 The ffinancial statements were approved by the Trustees on.. . ru8ts8 Company rnglstratlon nurnr 03165836
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023 Accountlng policies Charfty Informatlon Box Clever Theatre Company is a vate comp8ny limited by guarantee Inco in England and Wales. The registered office i8 . The charitable company is a eompany limited by guranlgee. They Memorandum of Association restricts the Ilability of members on wlndSng up lo £1 un19$s their liability becomes unlimited through oJnlravention of thè Memorandum. In the case of winding up none of Ihtt accumulaled fvnds are distributed lo the members bul shall bg givgn or transferred to some othèr charitable institutions having similar objectives . Th& tharllable company mgets th• definitlon of a public benefit entity 4Jnder FRS 102. 1.1 R•p¢rtlng porfod During the perfod. the ¢harltsbl8 Umnpany brought forward its year end from 30 April to 31 Marth lo align the subsequent year with Arts CounThl England fvnding. 1.2 A¢¢ountlng convontlon The financial statements have been prepared in accordance wlh the charitable companys goveTning document5, the Companies Act 2006 and 'Accounting and Reporting by Charittes.. Statement of Recommded Practice applicable to charities preparing their acrcunts in accordance with the Financial Reporbng Standard 8pplicable in th8 UK and Republrc of Irèland IFRS 1021 {effedlve 1 January 20191.. The charitable tpanY 18 a Public Benefft Entity as defined by FRS 102. The charitsble c£mparry has taken advantage of the prowsions in trlè SORP for ch8rili8s applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. The finan¢Tral slalemonts are ppared in Sterfing. which is thè function81 cutron¢y of the ¢h8rilable compafty. Monetary arnots in these financial ststements are rounded to the ngarest £. The finanryal s18tements have been prepared under the historic41 CA)sl convention, Imodrfied to indude the revaluation of freehold properties and to indude investment propert and wiain financial instrufflents at fair valuel. The principal accounting pdicies adopted are sel out below. Reducèd Di$¢lo#kur• Ex•mptions The charrtable company has tsk&n advantsge of the followng disdosure exemption in pparing these financial statemBnts, as pemiitted by FRS 102 Yh¢ Financial Reporting Standard applicable in the UK and Republic of Ireland" 1.3 Golng nCern After reviewng the charitys forecasts and projecttons and taking into account the economic conditFons ar possiblo ¢h8nggs in trading perfom8nce, the Trustèes hav8 3 asOnable expectstion that tt)e charity has adequate resources to continue in operational existence for the foreseeable fvbjre. The charity therefore Continues lo adopt thè gng conem basis in preparing the fin8nci81 stslements. Consequendy, the Iwslees have a reaSonae exp8ctstion th81 th6 charity wll have Sufficient funds to continue to meet its liabilities as they fall due to the foreseeable futufe and therefore have prepared the financial ststsmgnts on a going mncern basis 1A Charltable funds Unr&8tricted fijnds are available for use at the discretion of tho trustees in frjrtherance of thelr d)arft8ble objectives. Designated fvnd3 compri8e funds which h8ve beeft $st 8sid$ at th• discretion of the ITusts¢$ for $p$¢tftc purposes. The purposes and uses of the designated funds are set out in the notes lo the financial stalernents.
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Ac¢ountln9 pollcl88 {Contlnuodl Reslricted fijnds are Subject to specific conditions by donors as to how they may be ul. Th8 purposes and uses of th¢ rericted fijnds are set out In the notss lo the financlal statsmenls. 1.5 In¢om• All incoming resources are induded in the Statement of Financial Activities {SoFAI whèn thé charity is legally entitlad lo the incoma aftar any perfomance conditions have been mot. the amount can be measured reliably and (( is probable that the inojme will be recewed. Donations and legarAes including core grants. sponsorship and grfts are indudod in fvll in the Ststgmenl of Financial Actiwties when receivable. Grants. where enmgment Is not rxffiditional on the delivery of a specific rformance by the charity, are recognised when the tharity becomes unconditionally entil8d to the grant. Incoming resources from charitable activates indudes ino)me from perf0mnCe fees received under contract. Gr8nl income induded in this category provided funding to support perfomance 8Cttvilies. touring or workshop projects and is recognised where there is entillemenl, certainty ol receipl and th8 amount can be measured wlh sufficient reliability. Inv&slm8nl In¢omè is induded when Teceivable. Grants reeeived for speafic purposes aro treated as rèslri¢t8(I ful. Inme is deleTred vthen perfomiance fees or grants are recelvad In 8dvanc8 of the perfomi8n¢e or event to which they relate. 1.6 Exp•ndltur• All expenditure 1$ ac¢ountsd lor on an a¢cnJals basis and has been dassffied under headrngs th81 aggregate all costs related to the category. Expenditure is rocognis8d wh8r8 th&re is a Iggal or constructive obligaticn to make payments to third parties, il Is probable that the sewement will be required and the 8mount of the obligation can be measurgd reliably. It is ¢ategorised under the following headin9S.' C05t of raising fijnds ara those costs incurred in attracting vduntary income. Charitable expenditu comprises those costs incyffed by the tharty In the stsging ol its projecls and perfomances. 11 indudes bjth costs allo(d dir• to Such actiwiies and those costs of an indirect nature nacassary to support them. 1.7 Tanglble flx•d ass•ts Depreciation is recognised so a$ to write off the cost or valuatlon of assets loss their residuol volue$ over their useful Ilvgs on the following bases.. FLxtures and fittings 25V• on i))st 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposrts held al call with banks. other short-term liquid investments original maturities of thr80 nK)nths or less, 8nd bank overdrafts. Bank owrdrafts are shovm thin borrowngs in ¢urrenl liabilitie5. 1.9 Flnanclal Instruments The charty only has financial assets and financial liabilthes of a kind that qualfy as basic finanaal instnjments. Basic financ¢al instruments are inallY rec4Jgnised at transadon value and subsequently measured at their 8etUement value.
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Aceountlng pollcl•s IContlnu•dl 1.10 Taxatlon The charitable company 1$ considered to pass the tssts set ¢wt In Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitsble rnpany for UK corporation tsx purposes. Accordingly, the charity is polenli8lly exempt from tsxatior in respect of income or capital gains received within categories covered by Chapter 3 Part11 Corporation Tax Act 2010 or Section 256 of thè Taxation of charg88e GaFnsAct 1992, to the extent that Such Income or gains arg applied exclusively to charitable purpos8s. 1.11 Retlrement beneflt8 The charitable company operates a defined tributiOn penslon Scheme. Contrfbulions poyoblo to Ihe charitabl8 companls pension scheme are charged to the Statement of Financial Activities in the perithl lo vthich they relate. 1.12 Leases The charity dassifies the rentsl lease as an operating le88e8. where substsnti811y 811 of the benefits and rtsks of ownership remain with the lessor. Rental charges are Charged on 8 straight Ilno basis ovar the of the lease. 1.13 All)¢atlon of 8UPPOrt and gov•rnan¢• costs SupkKJrt costs ar8 those th81 asgst work of the thatity but do not dlrody represent tharitsble advilies and include govemance costs, administrative office fijnction costs, depreallon, HR and recruitment, and premSses costs. Th9y are incurred dlrecdy In support of exp8nditurfy on the ob5e¢ts of the tharttae company. Governance 51$ comprise all sts involving the public accountsbility of the charTty 8nd its compliance wlh regulaJon and good practlee. These costs indudo costs related to the independent examlnation fees. Support and govem8rTr costs have been 1000 allocated to th$ tharitsble activity. 1.14 D•btors Trade and other debtors are reo)gnised al the settlement amount due. Prepayments are valued at the amount PT8paid. Aeerued Incomè is masured at lh8 amount due to received. 1.15 Credltors Crodilors recognised where the charity has a present obligation resulting from a past 8vent that will probably result in transfer of funds to a third party and the amount due to settle the obligation can be measured or esumaled rgllabty. Oiher credttors and ac(yu81s reciyJni8ed at thelr sotugmgnt amount duo. Crltlul accountlng 8Stlmatos and Judg•m•nts In the application of the charitable company's ac£ounllng pollcies. the trusteés are required to make jLKigements. estimates and assumptions atrNyJt the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associale<l as$umpllon$ are b8sed on historical experience and other factor5 that are considered to be relevant. Actual results may differ from these estimates. Th8 estimates and undodying assumptions are reviewed on an ongoing basis. Rovisions to accounting estimates 8ie re(nIs? in the period in whith the estimatè is revised whor the revision affècts only that p8riod. or in the period of thg rgwsion and future perlods whera the revisH)n affects bolh currgnt and fijture riods.
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Donatlon¥ and l•gacl Unrestrlcted Ro$trlct•d funds funds Totsl Unrestricted Rèstricted funds funds Total 31 March 31 March 31 March 30 April 2022 30 April 2022 30April 2022 2023 2023 2023 Donations and glfts Project grants Other 1,765 1.765 29,500 19 46,507 46.507 42.000 19 29.500 42.000 19 19 1.784 29,5 31,284 46.526 42,000 88,S26 Charit4bl& o¢fjvltl•s 31 Mar¢h 2023 30 Aprll 2022 Production fees 295,457 215,463 Investments Unrestrictsd Unrestricted funds fvnds 31 March 30 Wil 2022 2023 Interest received 532 52 Other In¢om• unrestr1¢t Unrestricted funds 31 March 30 April 2022 2023 Theatre Tax reliof 23,777 9,392 10-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Ralslng funds Unrnstrlcted Unresfricted funds bjnds 31 PAarch 30 April 2022 2023 Fundraisin Advertising Staff costs and ublici 549 8,799 Fundrnising and publicity 9.106 9,106 9,348 Charitabl• aetlvftl•s Edu¢atlon Edu¢•tion Through Through 31 March 2023 30April 2022 Staff costs Transport and fuel Travel an(1 accomodation Production cDsts 171,473 53,591 1,943 32.981 148,921 34,524 1,669 59.053 259.988 244.167 Share of support costs1808 nolo 91 Share of govèrnance Costs {see not¢ 91 66,663 4.300 77,439 4,975 330,951 326,581 Anatysls by fund Unrestrided fUrS Restii¢ted funds 301,451 29.500 267.074 59.507 330.951 326.581 11
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 Support co#ts Support Goveman¢e 31 Mar¢hSuppNt $ts Governance 30 April 2022 2023 )sls Staff costs Depreciation Subscriptions Rent Bank charges Repairs and now81$ R8tes and water In$ur8nce Telephone Postage and $tslionery Other costs 34,143 1.431 2,669 2,400 417 8,211 34,143 1,431 2,669 2,400 417 8,211 37,180 1,559 7,360 7,352 464 4.560 168) 2.922 1.250 40 14,820 37.180 1,559 7,360 7,352 464 4.560 681 2.922 1,250 40 14,820 2,419 314 238 14.421 2.419 314 238 14,421 Independent Examination 4.300 4.300 4,975 4,975 66.663 4.300 70,963 77,439 4,975 82.414 Anatysèd betweèn Charitable activibes 66,663 4.300 70,963 77,439 4.975 82,414 10 N•t mov•m•nt In funds 31 Mar¢h 2023 30 Aprll 2022 Net movemenl In funds is ststed 8fter chargiW{crediting) Fees payable to the compan$ auditor for the audil of the cornpanls financial statements Depreclatlon of owngd tsngible fixed assets 4.300 1.431 4,975 1,559 11 Trustees Nonè of the trus$ lor any ptrr8ons ¢onnected wth them) received any remun8rdtion or beneffts from trÈ ar1¢8ble o)mpany durong the period. 12 Employee8 The average monthly number of employees during the period wa$.. 31 March 2023 30 Aprll 2022 NuMr Numb•r 12.
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 12 Empl¢y••$ IContlnu¢d) Employmgnt ¢osts 31 March 2023 30 Aprll 2022 Wages and salaries Sla1 $9¢urfty costs Other pension costs 210.496 128 3.214 191.371 1.011 2,518 213.838 194.900 The charitable MpanY has also utilised 9 {2022'. 91 freelance staff in the Feric*J. Employee time has teen allocated either,. i) To direcl costs on a percentage of the timè spent by an employee on an a¢tivtty ill lo support costs allocated on a percentage basis over all c4JStS. No ernployee received emoluments of more than £60,00012022'. none) The key management of the charilable company cLJmprise of the Tnjstees and the Arflstic Difector. Th8 Trustees do not receNe any remuneraJon for thls role. The total employ b8ngfits of the key management Pgrsonnel for the ¢haiilable o)mp8ny w8r8 £44.715 12022- £46,587). There were no employees whose annual remuneration was more than £eo,000. 13 Tanglbl• fix•d •$s•ts Flxtureg andfftllng8 At 1 May 2022 Additson8 12.217 1,014 At 31 March 2023 13.231 Dtspre¢latlon and ImpalMnt At 1 May 2022 DePwati charged In the period 10.534 1.431 At 31 March 2023 11,965 Carrylng amount At 31 Mah 2023 1,266 At 30April 2022 1,683 13-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 14 bIorS 31 March 2023 30 April 2022 Amounts faSllng duo wlthin one ye•r: 32,930 5,535 Tlade debtors Other debtor8 110,126 8,622 118,748 38.465 15 Cr•dltors: amounts falllng duo wtthln y•ar 31 March 2023 30 Aprfl 2022 Other tsxation and soclal security Trade credito other creditors Acffljals and deferred ino)me 27,163 9,946 83 100,708 13.679 15.435 2,607 19,439 137,900 51.160 16 Rostrlct•d funds The income funds of the ch8rity include restricted funds coThprising the follong unoxpen<lgd balances of donations anfj grants held on trust for spècific purposes.. Mov•mgnt In fvnds Movement In lunds In¢omlng Resourc•8 Balance at Incomlng Résouree8 Balarv at r•soUrC •xp•nd8d 1 M•y 2022 r05QUYte* •xp¢nd8d 31 MaTGh 2023 1 2021 City of London Bridge Tnjsl ACE Outsld8 the Box John Lyons Op8n Box 8.812 26.000 134.8121 8.695 16.000 124,6951 129,5001 17,507 42,000 {59,5071 129,5001 The John Lyons gfant supported Tehgarsals in residence 8t secondary schools in North West London,. Th Inspactor Calls al King8bury High School and Romeo and Juliet at Harrow High School. 14-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2023 17 Doslgnated fund$ These are designated funds vthlch are motertal to the chaiitable ¢ompanV$ acliwtles m8d$ ijp as follows.. Balane8 at 1 May 2021 Incomlng Balance at 31 Mah 2023 1 May 2022 Modemisatlon and Inftastructure fijnd Productson Fund Relocation Fund ShowcaselEvents PrcMJuct Devdopment 2,852 1,013 9,569 1.980 12,8521 1,013 1,569 1,980 1.571 1,013 1.569 1.980 1.571 18,0001 1,571 15.414 {9,281) 6,133 8,133 18 Related party transaction¥ There Wtr no related party transactions during the period12022- £nlll. 15-