Charity registration number 1054553 Company registration number 03165836 (England and Wales) BOX CLEVER THEATRE COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BOX CLEVER THEATRE COMPANY LEGAL AND ADMINISTRATIVE INFORMATION Trustees T Ahmed J H Beacham J F Brown M Davies RMAFoley A Gillie A M Gowlland C P Jenkins R H Mccreath T Parashar C Smith Charity number 1054553 Company number 03165836 Registered oiTIGe Blackfriars Theatre and Arts Cent Spain Lan Boston Lincolnshire PE216HP Independent examiner John Howard FCA Azets Audit Services 2nd Floor Regis House 45 King William Street London EC4R 9AN Bankers HSBC Bank PIC 110 Grey Street Newcastle Tyne & Wear NE16JG Nationwide Building Society Nationwide House Pipers Way Swindon SN38 1 NW CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
BOX CLEVER THEATRE COMPANY CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 8-17
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report together with the financial statements of the charity for the year ended 31 March 2024. The Trustees have followed the requirements of the Statement of Recommended Practi (SORP) issued in October 2019. The financial statements have been prepared in accordance with the accounting policies set out in the notes of the financial statements and comply with the charitsble company's memorandum and articles of association, the Companies Act 2006 and "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 RepubliG of Ireland {FRS 102)" (effective 1 January 2019). Objectlves and actlvltles The object for which the charity has been established is to advan education for the public benefit by the promotion of the arts, in particular, but not exclusively, the art of drama, as set out in the company's governing document. We are a writer-led touring company dedicated to the creation of high-quality, contemporary theatre for young people. We tour productions to schools. theatres and venues, and work on creative projects with students in their schools. Locations such as libraries, galleries or theatres are also used where students from project schools Gan meet, work together and showcase their creative output. When reviewing the company's aims and objectives and planning future activities, the trustees confirm that they have referred to the Charity Commission's guidance on public benefit. The theatre company relies on grants and income from fees to cover its operational costs. In setting the level of fees, the trustees give careful consideration to the need to ensure that performances are accessible to our target audiences, i.e. young people under the age of 18 who are dependent on others for financial support in all areas of the country. The same objectives and guidance are reflected in our aim to ensure that we promote theatre as an activity for all. We are committed to Equal Opportunities and ensure that all job applicants, employees and participants are treated equally. We comply fully with the DBS Code of Practice. requesting Enhanced Disclosures for all staff working wilh young people. We undertake not to discriminate unfairfy against any subject of a Disclosure on the basis of conviction or other information revealed. When casting, our aim is to reflect the composition of society as a whole in temis of race, sexuality. gender and disability. In order to ensure that our perfom)ances and projects adhere fimily to the principles of the company's objectives and that the benefits from its activities continue to relate to the aims of the charity. the planning. preparation and evaluation of each production and project are thorough and meticulous. Students, teachers, artists and funders are actively engaged at some point in the prosS. with the young people. our target audience, most directly involved in the research and development of new projects and productions through our rehearsals in residence. This direGI engagement with the work and creative professionals offers the students a unique opportunity to participate in the culture of their communities and to create theatre which reflects their lives and concems. Achievements and performance In 2023-2024, despite the financial constraints many schools are experiencing. on-going induslrial action, and the disruption caused by the RAAC crisis, we achieved yet another sound year in which we performed to 42, 949 young people and accompanying adults and members of the general public in 205 schools and 3 venues, giving 391 performances and workshops. We have continued to work with local authorities, primary and secondary schools to support the work that they do to decrease the numbers of young people who are sadly affected by road traffic inGidents. Our productions for younger pupils are lively and realistic but also fun and engaging, teaching the children how to recognise the dangers in their own locations and take responsibility for their own safety when travelling to and from school, especially during a transition year to seGondary school.
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Throughout 2023 Getting There, our interactive play, toured On again from the North West to London, having been commissioned by the councils of Manchester, Greater Manchester, Knowsley, and the London Borough of Barnet, the latter supported by John Lyons Charity. It will also be showcased to audiences in the South West as part of a festival of our plays at Bath Theatre Royal in April 2024. 39 performances were given in 37 schools to pupils in Years 4-9 to a total audience number of 4,411 99 % of pupils enjoyed the perfomiance and 970/0 thought that they had leamt more from the play about how to be safe near roads and traffic. 100 % of teachers thought that the play was really good and held the attention of the pupils while 100 % found the whole experience an important addition to the pupils, Road Safety education. In the autumn, our active support for secondary school students moved to the vivid dramatisation of two key novellas from the GCSE syllabus: R L Stevenson's The Strange Case of Dr Jekyll and Mr Hyde and Charles Dickens, A Christmas Carol. Both productions toured nationally. Jekyll and Hyde was perfonned in schools in Yorkshire and the Humber, the East and West Midlands, and London and the South East. 33 performances were given in 18 schools and 2 venues: The Union Theatre, Southwark and The Riverhead Theatre. Louth, to an audience total of 4,636. 98 % of the students both enjoyed watching the performance and 949 would recommend this production to other students who are or who will be studying the novella. 100 % of the teachers really enjoyed the production, thought the performance was dramatically effective and held the attention of Ihe students and thal it had been a worthwhile experience. A Christmas Carol was performed in schools in the North, the North East, Yorkshire and the Humber, the East and West Midlands, the East. London, the South East and the South West. 60 performances were given in 37 schools and one venue. The Union Theatre, Southwark lo an audience total of 8,096. 98 % of the students both enjoyed watching the perforniance and thought that seeing the production was a worthwhile experience. 1000/0 of the teachers really enjoyed the production, thought the perfomiance was lively, energetic and dramatically effective which held the attention of the students and that it had been a worthwhile experience. The spring term saw the return of our dynamic and much valued adaptations of the Shakespeare texts most taught in schools. productions which are designed not only to draw students fully into a live. dramatic performance of a play but also develop their understanding of text, context and themes and reinforce their retention of key quotations. 117 performances of Macbeth were given in 71 schools and 3 venues: The Union Theatre, Southwark. the Theatre Royal, Bath and The Riverhead Thealre, Louth, to an audience total of 15,826. 98 % of the students who saw the play enjoyed the perfom)ance and 96°/0 liked the way in which the production was staged and perfomied and thought that watching it had been a worthwhile experien. 100 % of teachers really enjoyed this production of Macbeth, thought the performance was dramatically effective and held the attention of the students, liked the way in which the perfomance was staged, and the characters and events presented. would have supported the students understanding of the play as a piece of theatre rather than as a lext on a page, that their retention of quotalions would have been reinforced and their perception of characters, plot and themes develop and that seeing the play had been a worthwhile experience. 71 perforManS of Romeo and Juliet were given in 40 schools and 3 venues.. The Union Theatre, Southwark, the Theatre Royal, Bath and The Riverhead Theatre. Louth, to an audien total of 8,834. 98 % of the students who saw the play enjoyed the perfomiance and 96°/0 liked the way in which the production was staged and perfomied. 95 % of teachers thought that the performance was dramatically effective, would have supported the students understanding of the text as a piece of theatre and that seeing the play had been a worthwhile experience.
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Engaging students fully in both the response to and the creation of theatre, rather than regarding them as mere passive observers is a central part of the company s ethos. All productions include workshop elements either during the performance or after the play has finished. and we also ran individual workshops on set texts or subjects requested by schools. However. Ihis season we have developed this strand of our work further. Words of Mouth which involved students from three Lincolnshire schools focused on the craft of writing with actors from the company working with, supporting and inspiring the creativity of the young people. The pieces that they produced were then performed at The Riverhead Theatre. Louth. The theatre also hosted two Clever Crèatives sessions during the Autumn and Spring half-tems during which students were invited to join sessions on the craft of acting and work together to create a new piece of theatre. Students from 5 Lincolnshire schools and one who was home-sch¢x)led attended the sessions. Finally. Rehearsals in Residence have now been fully integrated into the company's schedule so that students are able to see the processes that are involved in preparing a play for perfomiance and contribute their own ideas to staging and presentation. This season Kingsbury High School in London hosted A Christmas Carol, Jekyll and Hyde was welcomed by The Priory Witham Academy, Lincoln, Macbeth rehearsed in front of students at King Edward Vl Grammar School, Louth and Romeo and Juliet at Lincoln Christ's Hospital School. Financial review Overall a deficit for the year of £32,723 {2023= surplus of £10,993) was generated. The charity is financially dependent on fees paid for performances and funding received. The charity had total incoming resources for the year of £428,08312023'. £351,050) detsils of which are shown on the Statemenl of Financial Activities. In addition to fees, project grants were also gratefully received from John Lyons Charity, Arts Council England and the Walwyn Chapman Foundation. Reserves policy The charity manages its funds and the grants that it receives to ensure that, at any time, sufficient reserves are available to ensure that the committed projects are completed and committed administrative costs are covered. The trustees consider that an appropriate level of free reserves (monies not tied up in fixed assets, restricted or designated funds) at the year end to be in the range of £33,000 to £100,000. being three lo nine months of core expenditure. The actual level of free reserves at the year end was £90.551 {2023.. £123,279).
BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, govemance and management The charity is controlled by its goveming docjjment, a deed of trusL and nStituteS a limited company. limited by guarantee. as defined by the Companies Act 2006. It is govemed by its Memorandum and Artides of Association. These were amended in June 2018 with the full consent of the Trustees. A copy of the amended Artides of Assoctation are sent as an appendix to this reF Trustees are recruited through p8rsonal recommendation andlor by invitation and are people vthose abilities and aims are in tune with those of the companls charitable purpose. In terms of prOS$. candidates m88t, in the firsl instance, with the Artislic Director. They are then inviled to attend a Trustees meeting before a formal invitation to join is issued by the Board and Artistic Director. Trustees are ultimatdy appointèd at thè Annual General Meeting of the Charity though they can be appointed by the Board in the interim with AGM providing confim)ation. AJI new Trustees have a peri¢)d of induction during which they meet staff and are provided wÉth key infom7ati relating to their rights and responsibilrfies. Reference and adminlstrativ8 detalls Registered name of the Charity: Registèrèd Charity number. Registered Company number: Address of the principal Off: Box Clever Theatre Company 1054553 03165836 cjo The RNerhead Theatre Wictoria Street Lincoln LN11 OBX Trustees, who are also dir8Ctors for the purpos8s of the Companies Act 2006, durÉng the period of the report up to the date the report was approved. T Ahmed J H Beacham J F Brovm M Davies RMAFoley A Gillia A M Govlland C P Jenkins R H Mccreath T Parashar C Smith The trustees, port was approved by the Board of Trustees. Brown Dated: .13... 0..L.Lef 2 ts&4-
BOX CLEVER THEATRE COMPANY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOX CLEVER THEATRE COMPANY I report to the trustees on my examination of the financial statements of Box Clever Theatre Company (the Gharitable company) for the year ended 31 MarGh 2024. Responsibilities and basis of report As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies AGt 2006 (the 2006 Ad). Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company s financial statements carried out under section 145 of the Charities AGt 2011 {the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Independent examinerfs statement Since the charitable company s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act" or the financial statements 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 considered as part of an independent examination.. or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to Gharities preparing their accounts in accordan viith the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no Goncems 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 financial statements to be reached. John Howard FCA 2nd Floor Regis House 45 King William Street London EC4R 9AN l November 2024 Dated:.........................
BOX CLEVER THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 31 March 31 March 2024 2024 Total Unrestricted Restricted funds funds 31 March 31 March 2023 2023 Total 31 March 2024 31 March 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 82,978 273,002 1,768 19,428 50,907 133,885 273.002 1.768 19.428 1,784 295,457 532 23,777 29,500 31,284 295,457 532 23,777 Total income 377,176 50,907 428,083 321,550 29,500 351,050 Ex enditure on: Raising funds 10.192 10.192 9,106 9,106 Charitable activities 399,707 50,907 450,614 301,451 29,500 330,951 Total expenditure 409,899 50,907 460.806 310,557 29,500 340,057 Net {expenditure)Ilncome for the yearl Net movement in funds {32,723) (32,723) 10,993 10,993 Fund balances at 1 April 2023 130.678 130.678 119,685 119,685 Fund balances at 31 March 2024 97,955 97,955 130,678 130,678 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The slatement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
BOX CLEVER THEATRE COMPANY BALANCE SHEET ASAT 31 MARCH 2024 31 March 2024 31 March 2023 Fixed assets Tangible assets 14 1,271 1,266 Current assets Debtors Cash at bank and in hand 15 78.658 111,693 118,748 148.564 190.351 267,312 Credilors: amounts falllng due wlthin one year 16 (93.667) {137,900) N8t curr8nt assets 129,412 Total assets less current liabilities 97,955 130,678 Income funds Unrestricted funds Designated funds General unrestricted fijnds 18 6,133 91.822 6.133 124,545 97,955 130,678 97,955 130.678 The company is entitied to the eXeMlOn from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledg8 th8ir responsibilities for complying with the requirements of the Companies Art 2006 with resped to a¢nting records and the preparatM)n of financial statements. The members have not required the company to oblain an audit of its financial statements for the year in question in accordance with section 476. These financial ststements have been prepared in a¢o)rdance wyth the provistons applicable to companies subject to the small companies regime. The financial ststements We approved by the Trustees on ... f IGZ+- Brown Trusts¢ Company registration number 03165836
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charity information Box Clever Theatre Company is a private company limited by guarantee incorporated in England and Wales. The registered office is . The charitable company is a company limited by guranteee. They Memorandum of Association restricts the liability of members on winding up to £1 unless their liability becomes unlimited through contravention of the Memorandum. In the case of winding up none of the accumulated funds are distributed to the members but shall be given or transferred to some other charitable institutions having similar objectives The charitable company meets the definition of a public benefit entity under FRS 102. 1.1 Reporting period During the prior period, the charitable company brought forward its year end from 30 April to 31 March to align the subsequent year with Arts Council England funding. 1.2 Accounting convention The financial statements have been prepared in accordance with the charitable company's governing documents, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The charitable company is a Public Benefit Entity as defined by FRS 102. The charitable company has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flovts. The financial statements are prepared in sterling. which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and to include investment properties and rtain financial instruments at fair valuel. The principal accounting policies adopted are set out below. Reduced Disclosure Exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland" 1.3 Going concern After reviewing the charitys forecasts and projections and taking into account the economic conditions and possible changes in trading perfomiance, the Trustees have a reasonable expectation that the charity has adequate resources to Gontinue in operational existen for the foreseeable future. The charity therefore continues to adopt the going cOnM basis in preparing the financial statements. Consequently, the trustees have a reasonable expectation that the Charity will have sufficient funds to continue to meet its liabilities as they fall due to the foreseeable future and therefore have prepared the financial statements on a going conrn basis 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.5 Income All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Donations and legacies including core grants, sponsorship and gifts are included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfomiance by the charity. are recognised when the charity becomes unconditionally entitled to the grant. Incoming resources from charitable activates includes income from perfom)ance fees received under contract. Grant income included in this category provided funding to support perfomiance activities, touring or workshop projects and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability- Investment income is included when receivable. Grants received for specific purposes are treated as restricted funds. Income is deferred when performance fees or grants are received in advance of the perfomiance or event to which they relate. 1.6 Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where Ihere is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings: Cost of raising funds are those costs incurred in attracting voluntary income. Charitable expenditure comprrses those costs incurred by the charity in the staging of its projects and perfomiances. It includes both costs allocated directly to such activities and those costs of an indirect nature necessary to support them. 1.7 Tangible fixed assets Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixtures and fittings 250A on cost 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The Gharity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instnjments are initially recognised at transaction value and subsequently measured at their settlement value.
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.10 Taxation The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 1.11 Retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 1.12 Leases The charity classifies the rental lease as an operating leases, where substantially all of the benefits and risks of ownership remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. 1.13 Allocation of support and governance costs Support costs are those that assist the work of the charity but do not directly represent charitable activities and include governance costs, administrative office function costs, depreciation, HR and recruitment, and premises costs. They are incurred directly in support of expenditure on the objects of the charitable company. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination fees. Support and govemance costs have been 1000/0 allocated to the charitable activity. 1.14 Debtors Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Accrued income is measured at the amount due to be received. 1.15 Creditors Creditors recognised where the charity has a present obligalion resulting from a past evenl that will probably result in transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Other creditors and accruals recognised at their settlement amount due. Critical accounting estimates and judgements In the application of the charitable company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlons and legacles Unrestricted Restricted fund$ fund$ Total Unresthcted Rostricted funds funds Tot81 31 March 2024 31 March 2024 31 March 2024 31 March 2023 31 March 2023 31 March 2023 tk>nalions and gifts Project grants Other 81.158 81,158 50.9D7 1,820 1,765 1,765 29,500 19 So.7 29,500 1,820 19 82.978 So.7 133.885 1,784 29,500 31,284
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 31 March 2024 31 March 2023 ProduGlion fees 273,002 295,457 Investments Unrestricted Unrestricted funds funds 31 March 2024 31 March 2023 Interest received 1,768 532 Other income Unrestricted Unrestricted funds funds 31 March 2024 31 March 2023 Theatre Tax relief 19,428 23.777 Raising funds Unrestricted Unrestricted funds funds 31 March 2024 31 March 2023 Fundraisin Advertising Staff costs and ublici 371 9,821 8,222 Fundraising and publicity 10,192 9.106 10,192 9,106 12-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities EducatTon Education Through Through Arts Arts 31 March 31 March 2024 2023 Staff costs Transport and fuel Travel and accomodation Production costs 211,423 74,934 13,672 51,784 171,473 53.591 1.943 32,981 351,813 259,988 Share of support costs (see note 9) Share of governance costs (see note 9) 94,108 4,693 66,663 4,300 450,614 330.951 Analysis by fund Unrestricted funds Restricted funds 399,707 50,907 301,451 29,500 450,614 330,951 13-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance Costs costs 31 March Support costs Governance 2024 costs 31 March 2023 Staff costs Depreciation Subscriptions Rent Bank charges Repairs and renewals Insurance Telephone Postage and stationery Other costs 58,953 759 2,623 8,400 90 2,957 3,493 377 187 16,269 58.953 759 2,623 8,400 90 2,957 3,493 377 187 16,269 34.143 1.431 2.669 2,400 417 8,211 2,419 314 238 14,421 34.143 1.431 2,669 2,400 417 8,211 2,419 314 238 14,421 Independent Examination Fee 4,693 4,693 4,300 4,300 94,108 4,693 98,801 66,663 4,300 70,963 Analysed between Charitable activities 94,108 4,693 98,801 66,663 4,300 70,963 10 Net movement in funds 31 March 2024 31 March 2023 Net movement in funds is stated after chargingl(crediting) Fees payable to the companYs independent examiner for the examination of the financial statements Depreciation of owned tangible fixed assets 4,693 759 4,300 1,431 11 Trustees None of the truslees (or any persons connected with them) received any remuneration or benefits from the charitable company during the year. 12 Employees The average monthly number of employees during the year was: 31 March 2024 31 March 2023 Number Number 14-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employees (Continued) Employment costs 31 March 2024 31 March 2023 Wages and salaries Social security costs other pension costs 273,753 2,125 4,319 210,496 128 3,214 280,197 213,838 The charitable company has also utilised 9 (2023: 9) freelance staff in the period. Employee time has been allocated either: i) To direct costs on a percentage of the time spent by an employee on an activity ill to support costs allocated on a percentage basis over all costs. No employee received emoluments of more than £60,000 (2023: none) The key management of the charitable company comprise of the Trustees and the Artistic Director. The Trustees do not receive any remuneration for this role. The total employee benefits of the key management personnel for the charitable company were £52.063 {2023- £44,715). 13 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14 Tangible fixed assets Fixtures and fittings Cost At 1 April 2023 Additions 13,231 765 At 31 March 2024 13,996 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 11,966 759 At 31 March 2024 12,725 Carrying amount Al 31 March 2024 1,271 At 31 March 2023 1.266 15-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Debtors 31 March 2024 31 March 2023 Amounts falling due within one year: Trade debtors Other debtors 70,508 8,150 110,126 8,622 78,658 118,748 16 Creditors: amounts falling due within one year 31 March 2024 31 March 2023 Other taxation and social security Trade creditors Other creditors Accruals and deferred income 20,788 7,136 70 65,673 27,163 9,946 83 100,708 93,667 137.900 17 Restricted funds The income funds of the Gharity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds In¢oming Resour¢es Balance at resources expended 1 April 2023 Movement in funds Incoming Resources Balance at sources expended 31 March 2024 Balance at 1 May 2022 John Lyons Trust- A Christmas Carol Walwyn Chapman Trust - Word of Mouth Arts Council England - Word of Mouth 10.400 (10,400) 3,000 (3,000) 29.500 (29.500) 37,507 (37,507) 29.500 (29.500) 50.907 (50,907) The John Lyons grant supported rehearsals of A Christmas Carol in Brent, followed by a 1 week tour of schools within Brent. Bamet. Ealing & Harrow of Getting There. 16-
BOX CLEVER THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Designated funds These are designated funds which are material to Ihe charitable company's activities made up as follows.. Balance at 1 May 2022 Incoming resources Balance at 1 April 2023 Transfers Balance at 31 March 2024 Production Fund Relocation Fund ShowcaselEvents Product Development Business Development 1.013 1.569 1.980 1.571 1,013 1.569 1.980 1.571 (1,013) (1,569) (1,980) (1,571) 6,133 6,133 6.133 6,133 6,133 The Business Development Fund has been set up to support Box Cleverfs core charitable work and business development in 2024 - 2027. 19 Related party transactions There were no related party transactions durtng the year {2023 - £nil). 17-