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2023-04-30-accounts

REGISTERED COMPANY NUMBER: 03184125 (England and Wales) REGISTERED CHARITY NUMBER: 1055134

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

DEAD EARNEST THEATRE

DEAD EARNEST THEATRE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 April 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14

DEAD EARNEST THEATRE

REPORT OF THE TRUSTEES for the Year Ended 30 April 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2023. The trustees have adopted the provisions of 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

Objectives

The objects for which the company is established are:

To advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama.

Vision

To be recognised nationally for the development and use of ground breaking Applied Theatre techniques to improve the ways in which people act and interact.

Mission

To use creativity to encourage learning that leads to new and original thinking and to deliver specific outcomes.

Outcomes

Improve learning Improve quality of human interaction Advance alternative ways for people to act Challenge through drama political and social issues

Advance well being especially marginalised groups such as those with disabilities and or mental health difficulties.

Public benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Page 1

DEAD EARNEST THEATRE

REPORT OF THE TRUSTEES for the Year Ended 30 April 2023

ACHIEVEMENT AND PERFORMANCE

Dead Earnest Theatre has now been in existence for 29 years. In that time we have turned over approximately £1.6 million in performing shows, forum theatre performances, education and training events, films and workshops.

We have delivered workshops to roughly 3,150 adults and children and performed to approximately 29,300 audience members and have created over 1,800 acting jobs.

During the year we have completed the following projects:

FINANCIAL REVIEW

Reserves policy

The charitable company aims to maintain a reserves level of three months' core expenditure, which has been reached at the year end.

Financial review

The net surplus for the year was £560 (2022: £7,254). There was a balance on unrestricted funds of £11,544 at the year end date (2022: £10,984). The charitable company operates on a project by project basis, without salaried staff and expensive overheads. The free reserves at 30 April 2023 were £11,268 (2022: £10,622).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association.

Every member of the company undertakes to contribute to the assets of the company, in the event of the same being wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment of the debts and liabilities of the company contracted before he or she ceases to be a member, and for the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amount as may be required not exceeding £1.

Risk management

The major strategic risks to which the charity is exposed, as identified by the trustees, have been reviewed during the year and actions taken to mitigate those risks.

Page 2

DEAD EARNEST THEATRE

REPORT OF THE TRUSTEES for the Year Ended 30 April 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03184125 (England and Wales)

Registered Charity number

1055134

Registered office

Electric Works Concourse Way Sheffield S1 2BJ

Trustees

Nicola Teresa Massen Ashley S Barnes Zoe Walton Victoria Roberts

Independent Examiner

S C Fields Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE

Bank

The Cooperative Bank Central Commercial Branch

Approved by order of the board of trustees on 26 February 2024 and signed on its behalf by:

Victoria Roberts - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DEAD EARNEST THEATRE

Independent examiner's report to the trustees of Dead Earnest Theatre ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

S C Fields

Hodgson & Oldfield 20 Paradise Square Sheffield S1 2DE

27 February 2024

Page 4

DEAD EARNEST THEATRE

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 April 2023

Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
30
-
Charitable activities
Education by promotion of the Arts
29,819
-
Total
29,849
-
EXPENDITURE ON
Charitable activities
Education by promotion of the Arts
29,289
-
NET INCOME
560
-
RECONCILIATION OF FUNDS
Total funds brought forward
10,984
-
TOTAL FUNDS CARRIED FORWARD
11,544
-		 30.4.23
30.4.22
Total
Total
funds
funds
£
£
30
-
29,819
54,388
29,849
54,388
29,289
47,134
560
7,254
10,984
3,730
11,544
10,984		 30.4.23
30.4.22
Total
Total
funds
funds
£
£
30
-
29,819
54,388
29,849
54,388
29,289
47,134
560
7,254
10,984
3,730
11,544
10,984
54,388
47,134
7,254
3,730
10,984

The notes form part of these financial statements

Page 5

DEAD EARNEST THEATRE

BALANCE SHEET 30 April 2023

Unrestricted
Restricted
fund
funds
Notes
£
£
FIXED ASSETS
Tangible assets
7
276
-
CURRENT ASSETS
Debtors
8
242
-
Cash at bank
11,458
-
11,700
-
CREDITORS
Amounts falling due within one year
9
(432)
-
NET CURRENT ASSETS
11,268
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
11,544
-
NET ASSETS
11,544
-
FUNDS
10
Unrestricted funds
TOTAL FUNDS		 30.4.23
Total
funds
£
276
242
11,458
11,700
(432)
11,268
11,544
11,544
11,544
11,544		 30.4.22
Total
funds
£
362
201
11,249
11,450
(828)
10,622
10,984
10,984
10,984
10,984

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

DEAD EARNEST THEATRE

BALANCE SHEET - continued 30 April 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 February 2024 and were signed on its behalf by:

Victoria Roberts - Trustee

Zoe Walton - Trustee

The notes form part of these financial statements

Page 7

DEAD EARNEST THEATRE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 April 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 8

DEAD EARNEST THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2023

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
30.4.23 30.4.22
£ £
Donations 30 -
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
30.4.23 30.4.22
£ £
Depreciation - owned assets 86 116

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.

5. STAFF COSTS

There were no employees during the year (2022: nil).

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Education by promotion of the Arts
54,388
-
EXPENDITURE ON
Charitable activities
Education by promotion of the Arts
47,134
-
NET INCOME
7,254
-
RECONCILIATION OF FUNDS
Total funds brought forward
3,730
-		 Total
funds
£
54,388
47,134
7,254
3,730

continued...

Page 9

DEAD EARNEST THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
TOTAL FUNDS CARRIED
FORWARD 10,984 - 10,984
7. TANGIBLE FIXED ASSETS
Equipment
£
COST
At 1 May 2022 and 30 April 2023 3,765
DEPRECIATION
At 1 May 2022 3,403
Charge for year 86
At 30 April 2023 3,489
NET BOOK VALUE
At 30 April 2023 276
At 30 April 2022 362
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£ £
Prepayments and accrued income 242 201

continued...

Page 10

DEAD EARNEST THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£ £
Accrued expenses 432 828
10. MOVEMENT IN FUNDS
Net
movement At
At 1.5.22 in funds 30.4.23
£ £ £
Unrestricted funds
General fund 10,984 560 11,544
TOTAL FUNDS 10,984 560 11,544
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 29,849 (29,289) 560
TOTAL FUNDS 29,849 (29,289) 560
Comparatives for movement in funds
Net
movement At
At 1.5.21 in funds 30.4.22
£ £ £
Unrestricted funds
General fund 3,730 7,254 10,984
TOTAL FUNDS 3,730 7,254 10,984

continued...

Page 11

DEAD EARNEST THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2023

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 54,388 (47,134) 7,254
TOTAL FUNDS 54,388 (47,134) 7,254

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.5.21
in funds
£
£
Unrestricted funds
General fund
3,730
7,814
TOTAL FUNDS
3,730
7,814		 At
30.4.23
£
11,544
11,544

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 84,237 (76,423) 7,814
TOTAL FUNDS 84,237 (76,423) 7,814

continued...

Page 12

DEAD EARNEST THEATRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 April 2023

11. RELATED PARTY DISCLOSURES

During the year, payments were made to Mrs C Barnes, the wife of trustee A Barnes, totalling £9,419 (2022: £17,080) for performers fees and management fees.

12. ULTIMATE CONTROLLING PARTY

The charitable company is controlled by its trustees.

Page 13

DEAD EARNEST THEATRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 April 2023

30.4.23 30.4.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 30 -
Charitable activities
Earned income 29,819 54,388
Total incoming resources 29,849 54,388
EXPENDITURE
Charitable activities
Production costs 26,270 43,366
Insurance 374 374
Rent, rates & utilities 537 1,132
Administration 1,260 1,334
IT support & equipment 318 380
Depreciation of equipment 86 116
28,845 46,702
Support costs
Governance costs
Accountancy fees 444 432
Total resources expended 29,289 47,134
Net income 560 7,254

This page does not form part of the statutory financial statements

Page 14