OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Box Clever Theatre Company

2025-03-31-accounts

Charity registration number 1054553 (England and Wales) Company registration number 03165836

BOX CLEVER THEATRE COMPANY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

BOX CLEVER THEATRE COMPANY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees T Ahmed
J H Beacham
J F Brown
M Davies
R M A Foley
A Gillie
A M Gowlland
C P Jenkins
R H McCreath
T Parashar
C Smith
Charity number 1054553
Company number 03165836
Registered office Blackfriars Theatre and Arts Centre
Spain Lane
Boston
Lincolnshire
PE21 6HP
Independent examiner John Howard FCA
Azets Audit Services
2nd Floor
Regis House
45 King William Street
London
EC4R 9AN
Bankers Nationwide Building Society
Nationwide House
Pipers Way
Swindon
SN38 1NW
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

BOX CLEVER THEATRE COMPANY

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

BOX CLEVER THEATRE COMPANY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

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 2025. The Trustees have followed the requirements of the Statement of Recommended Practice (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 charitable 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 Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The object for which the charity has been established is to advance 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 can 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 with young people. We undertake not to discriminate unfairly 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 terms of race, sexuality, gender and disability.

In order to ensure that our performances and projects adhere firmly 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 process, 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 direct 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 concerns.

Achievements and performance

The development of our relationship with Blackfriars Arts Centre in Boston has brought two like-minded organisations together to enable us to start on a journey to build a strong relationship with both the venue and the schools in the wider Lincolnshire regions. Our audience numbers nationally are building steadily: this season a total of 43,283 young people, accompanying adults and members of the general public have been engaged in 374 performances, workshops, or rehearsals in residence in 184 schools and 4 venues.

Once again councils in different parts of the country were keen to reinforce their Road Safety support in schools through our touring production Getting There . Councils in Knowsley, Manchester and Ware commissioned the play and schools in London were also able to experience it through the generous support of the John Lyon’s Charity.

BOX CLEVER THEATRE COMPANY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Council and charitable funding also enabled us to visit primary schools with our innovative and powerful friendship and anti-bullying play and workshop, Mark and the Marked . Performances at their primary schools were enabled by East Lindsey Council, the support of the Newcomen Collett Educational Foundation enabled performances at two schools in Southwark while a visit to two schools in Esssex were funded by the Charles S French Charitable Trust. The play reached an audience total of 1,376 pupils from Years 5 & 6 and 50 members of the general public when it was also performed at Blackfriars Arts Centre in Boston.

In the autumn and early spring, 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 performed in the North West, East and West Midlands, the East, London and the South East. 46 performances were given in 34 schools and 2 venues: Blackfriars Arts Centre, Boston and The Riverhead Theatre, Louth, to an audience total of 5,461.

A Christmas Carol was performed in schools in the East and West Midlands, the East, London, the South East and South West. 53 performances were given in 39 schools and 2 venues, The Riverhead Theatre, Louth and The Union Theatre, Southwark to an audience total of 7,142.

The spring term was dominated by the tours of our highly popular adaptations of the key Shakespeare texts studied in schools. The productions are designed not only to support the teaching and learning of the plays but also to introduce the students to the excitement of seeing Shakespeare live on stage right in front of them and as something in which they can also participate.

Macbeth was performed in the North East, Yorkshire and the Humber, the East and West Midlands, the East, London, the South East and the South West. 116 performances were given in 72 schools and 2 venues: The Egg, Theatre Royal, Bath and The Riverhead Theatre, Louth, to an audience total of 16,269.

Romeo and Juliet w as performed in the North West, Yorkshire, the East and West Midlands, London, the South East and the South West. 61 performances were given in 36 schools and 3 venues: The Union Theatre, Southwark, Blackfriars Arts Centre, Boston, and The Egg, Theatre Royal, Bath, to an audience total of 8,114.

BOX CLEVER THEATRE COMPANY

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

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 volunteers from the audience playing active roles on stage and workshop elements either during the performance or after the play has finished.

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 performance and contribute their own ideas to staging and presentation. They are also able to discover more about career opportunities and explore these with the cast and creatives present. This season The Walton Academy in Grantham hosted A Christmas Carol, Jekyll and Hyde was welcomed by Harrow High School in London, , Macbeth rehearsed in front of students at Caistor Yarborough School, Romeo and Juliet at The Green School for Boys, Isleworth, London and Mark and the Marked at The Priory Witham Academy, Lincoln. In total over a thousand students from Year 6 to Year 11 were able to take advantage of the opportunity to see professional actors in rehearsal, talk with members of the creative team, and watch how a play is developed for the stage.

Financial review

Overall a surplus for the year of £55,912 (2024: deficit of £32,723) 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 £499,477 (2024: 428,083) details of which are shown on the Statement of Financial Activities. In addition to fees, project grants were also gratefully received from John Lyon’s Charity, Arts Council England, Charles S French Charitable Trust and The Newcomen Collet 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 to nine months of core expenditure. The actual level of free reserves at the year end was £123,930. A new designated fund of £25,000 has been created for investment in programme activity within 2025-26.

BOX CLEVER THEATRE COMPANY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure, governance and management The charity is controlled by ts goveming drKument, a deed of trusL and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. It is govemed by its Memorandum and Arttdes of Association. These were amended in June 2018 with the full o)nsent of the Trustees. A copy of the amend8d Artides of Association are sent as an appendix to this reporL Trustees are recruited through personal recommendation andlor by invitation and are people whos8 abilities and aims are in tune with those of the company's charitable purpose. In terns of Pr￿sS. ¢andidat8s m8et, in th8 first instance. with the Artistic Director. They are then invited to attend a Trustees meeting before a fonnal invitation to join is issued by Board and Artistic Director. Trustees are ultimately appointed at the Annual General Meeting of the Charity though they can be appointed by the Board in th8 interim wrlh AGM prowding confimiation. All new Tnjstees have a period of induction during which they meèt staff and are provided with key infomation relating to their rights and responsibilFiies. Reference and administrative détails Registered name of th8 Charity: Registered Charity number. Registered Company number. Address of the principal office: Box Clever Th&8tre Company 1054553 03165836 Blackfriars Theatre and Arts Centre Spain Lane Lincolnshire PE216HP Trustees, who are also directors for the purFrf)S8s of the Companies Act 2006. during the period of the report up to th8 date the r8POrt was approved. T Ahmed J H Beacham J F Brown M Davies RMAFolèy A Gillie A M Gowlland C P Jenkins R H Mccreath T Parashar C Smith The trustees. report was approved by the Board of Tmstees. Brown Dated: /a.... v l kn- 2p2

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 charitable company) for the year ended 31 March 2025.

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 Act 2006.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Companies Act 2006 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 Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's 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 confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

John Howard FCA 2nd Floor Regis House 45 King William Street London EC4R 9AN United Kingdom

Dated: ......................... 22 October 2025

BOX CLEVER THEATRE COMPANY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
31 March 31 March 31 March 31 March 31 March 31 March
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income and endowments from:
Donations and legacies 3 85,687 53,601 139,288 82,978 50,907 133,885
Charitable activities 4 295,027 - 295,027 273,002 - 273,002
Investments 5 2,377 - 2,377 1,768 - 1,768
Other income 6 62,785 - 62,785 19,428 - 19,428
Total income 445,876 53,601 499,477 377,176 50,907 428,083
Expenditure on:
Raising funds 7 10,508 - 10,508 10,192 - 10,192
Charitable activities 8 379,456 53,601 433,057 399,707 50,907 450,614
Total expenditure 389,964 53,601 443,565 409,899 50,907 460,806
Net income/(expenditure) and
movement in funds 55,912 - 55,912 (32,723) - (32,723)
Reconciliation of funds:
Fund balances at 1 April 2024 97,955 - 97,955 130,678 - 130,678
Fund balances at 31 March
2025 153,867 - 153,867 97,955 - 97,955

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

BOX CLEVER THEATRE COMPANY BALANCE SHEET AS AT31 MARCH 2025 31 March 2025 31 March 2024 Notss Flxed assets Tangible assets 14 1.608 1,271 Current assets Debtors Cash at bank and in hand 15 73.672 177,229 78,658 111,693 250,901 190.351 CreditOffJ: amounts falllng due within one year 16 (98,642) (93.667) Net current assets 152.259 96,684 Total assets less current liabilitles 153,867 97,955 The funds of the charltable company Unrestricted fijnds 18 153,867 97.955 153.867 97.955 The company is entiUed to the exemption from th8 audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors aCknO￿edge their r8sponsibilities for compfying with the requirements of Ihe Companies Act 2006 with respect lo accounling records and the preparation of finan¢Éal statements. The members have not required the (x)mpany to obtatn an audit of its ffinancial statements for the year in question in accordance WFth section 476. These financial slatements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on Brown Company registration number 03165836 (En9land and Wales)

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 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. The 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 Standard 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 Flows.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"

1.3 Going concern

After reviewing the charity's forecasts and projections and taking into account the economic conditions and possible changes in trading performance, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern 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 concern 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 2025

1 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 performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Incoming resources from charitable activities includes income from performance fees received under contract. Grant income included in this category provided funding to support performance 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 performance 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 there 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 comprises those costs incurred by the charity in the staging of its projects and performances. 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

25% 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 charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 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 Part II 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 governance costs have been 100% 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 obligation resulting from a past event 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.

2 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 carrying 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.

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
31 March 31 March 31 March 31 March 31 March 31 March
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 85,548 - 85,548 81,158 - 81,158
Grants - 53,601 53,601 - 50,907 50,907
Other 139 - 139 1,820 - 1,820
85,687 53,601 139,288 82,978 50,907 133,885

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
31 March 2025
31 March 2024
£ £
Charitable activities
Production fees 295,027 273,002
5 Income from investments
Unrestricted Unrestricted
funds funds
31 March 31 March
2025 2024
£ £
Interest received 2,377 1,768
6 Other income
Unrestricted Unrestricted
funds funds
31 March 31 March
2025 2024
£ £
Theatre Tax relief 62,685 19,428
Other Income 100 -
62,785 19,428

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
31 March 31 March
2025 2024
£ £
Fundraising and publicity
Advertising 80 371
Staff costs 10,428 9,821
10,508 10,192

8 Charitable activities

Education Education
Through Through
Arts Arts
31 March 31 March
2025 2024
£ £
Staff costs 205,240 211,423
Transport and fuel 74,735 74,934
Travel and accomodation 17,707 13,672
Production costs 43,418 51,784
341,100 351,813
Share of support costs (see note 9) 86,807 94,108
Share of governance costs (see note 9) 5,150 4,693
433,057 450,614
Analysis by fund
Unrestricted funds 379,456 399,707
Restricted funds 53,601 50,907
433,057 450,614

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs

Support costs
Support
Governance		 31 March
Support costs		 Governance 31 March
costs costs 2025 costs 2024
£ £ £ £ £ £
Staff costs 60,554 - 60,554 58,953 - 58,953
Depreciation 532 - 532 759 - 759
Subscriptions 3,541 - 3,541 2,623 - 2,623
Rent 3,070 - 3,070 8,400 - 8,400
Bank charges 61 - 61 90 - 90
Repairs and renewals 1,108 - 1,108 2,957 - 2,957
Insurance 2,463 - 2,463 3,493 - 3,493
Telephone 469 - 469 377 - 377
Postage and stationery 185 - 185 187 - 187
Professional fees 2,611 - 2,611 - - -
Other costs 12,213 - 12,213 16,269 - 16,269
Independent Examination
Fee - 5,150 5,150 - 4,693 4,693
86,807 5,150 91,957 94,108 4,693 98,801
Analysed between
Charitable activities 86,807 5,150 91,957 94,108 4,693 98,801

10 Net movement in funds 31 March 2025 31 March 2024 £ £

Net movement in funds is stated after charging/(crediting)

Fees payable to the company's independent examiner for the examination of
the financial statements 5,150 4,693
Depreciation of owned tangible fixed assets 532 759

11 Trustees

None of the trustees (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 2025 31 March
2024
Number Number
5 5

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Employees (Continued)
Employment costs 31 March 2025 31 March
2024
£ £
Wages and salaries 269,003 273,753
Social security costs 2,336 2,125
Other pension costs 4,883 4,319
276,222 280,197

The charitable company has also utilised 9 (2024: 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 ii) to support costs allocated on a percentage basis over all costs.

No employee received emoluments of more than £60,000 (2024: 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 £53,824 (2024: £52,063).

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 April 2024 13,995
Additions 870
At 31 March 2025 14,865
Depreciation and impairment
At 1 April 2024 12,725
Depreciation charged in the year 532
At 31 March 2025 13,257
Carrying amount
At 31 March 2025 1,608
At 31 March 2024 1,271

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15 Debtors

Debtors
31 March 202531 March 2024
Amounts falling due within one year: £ £
Trade debtors 56,098 70,508
Other debtors 17,574 8,150
73,672 78,658
Creditors: amounts falling due within one year
31 March 202531 March 2024
£ £
Other taxation and social security 15,676 20,788
Trade creditors 22,037 7,136
Other creditors 1 70
Accruals and deferred income 60,928 65,673
98,642 93,667

16 Creditors: amounts falling due within one year

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2023 resources expended 1 April 2024 resources expended 31 March 2025
£ £ £ £ £ £ £
John Lyons
Trust - A
Christmas
Carol - 10,400 (10,400) - - - -
Walwyn
Chapman
Trust - Word
of Mouth - 3,000 (3,000) - - - -
Arts Council
England -
Word of
Mouth - 37,507 (37,507) - - - -
John Lyons
Trust -
Getting There
Tour - - - - 13,600 (13,600) -
Charles S
French
Charitable
Trust - Mark
and the
Marked Tour - - - - 5,000 (5,000) -
The
Newcomen
Collet
Foundation -
Mark and the
Marked Tour - - - - 2,000 (2,000) -
East Lindsey
District
Council -
Mark and the
Marked Tour - - - - 33,000 (33,000) -
- 50,907 (50,907) - 53,600 (53,600) -

Restricted grant income from East Lindsey District Council, Charles S French Charitable Trust and The Newcomen Collet Foundation were received for the Mark and the Marked Tour, and from John Lyons Trust for the Getting There Tour. All balances were fully spent in the year.

BOX CLEVER THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Designated funds

These are designated funds which are material to the charitable company's activities made up as follows:

Balance at 1 Transfers Balance at Resources Transfers Balance at
April 2023 1 April 2024 expended 31 March 2025
£ £ £ £ £ £
Production Fund 1,013 (1,013) - - - -
Relocation Fund 1,569 (1,569) - - - -
Showcase/Events 1,980 (1,980) - - - -
Product Development 1,571 (1,571) - - - -
Business Development - 6,133 6,133 (2,804) - 3,329
Investment in programme
activity in 2025-26 - - - - 25,000 25,000
6,133 - 6,133 (2,804) 25,000 28,329

The Business Development Fund supports Box Clever's core charitable work and business development over 2024 - 2027.

A new designated fund of £25,000 has been created for investment in programme activity within 2025-26.

19 Related party transactions

There were no related party transactions during the year (2024 - £nil).