Registered number.. 03251499 England and Wales Charity Number: 1064633 THE CLOD ENSEMBLE (A Charitsble Company Limited by Guarantee) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 •AOIFTRNV* 2111212024 COMPANIES HOUSE A14
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THE CLOD ENSEMBLE (A Charitable Company Limitsd by Guaranteel ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 March 2024 Contents Legal & Administrative Informatlon Report of the trustees Independent examiners report Accounts comprising.. 10 Statement of financial activities Balance sheet 12 statement of cashflows 14-20 Notes to the accounts
THE CLOD ENSEMBLE REPORT OF THE TRUSTEES- 31 MARCH 2024 Legal & Administrative Infom)ation Company number 03251499 (England and Wales) Charity number 1064633 TrusteoslDlrectors F I Sweeney J D Mollica A Saunders A B Soares de Oliviera -resigned 14 September 23 A Woolf L J Sl Ville G Heyworth R Mondesir-clarke M A Wright F Awan - resigned 3 July 24 Company Secretsry S F Willson Registered and operatlonal address C2, 3 Cripps Yard Soames Walk Design District Greenwich London SE10 OBQ 8ank The Co.Operative Bank PO Box 250 Delf House Southway Skelmersdale WN86wr Independent Examlners Simpson Wreford LLP Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS
THE CLOD ENSEMBLE REPORT OF THE TRUSTEES- 31 MARCH 2024 The Trustees are pleased to present their annual directors, report together the financial statements of the charity for the year ending 31 March 2024 which are also prepared to rneet the requirements for a directors, report and accounts for Companies Act purposes. The financial slatements have been prepared in accordance with Accounting and Reporting by Charities.- Statemenl 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)- (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 20061Charities Act 2011. Structure. Governance and Management The Clod Ensemble was formed in September 1996 and is registered with the Charity Commissioners of England and Wales under registration no. 1064633. It is a company limited by guarantee (Company Registration no. 03251499). The head office and registered address is currently at C2, 3 Cripps Yard,, Soames Walk, Design District. Greenwich Peninsula, London. SE10 08Q. The Directors during the period (who are also trustees for the purposes of charity law) ere as follows.. L A Davies F I Sweeney C A Maude M Mkandawire J Molli¢a A Saunders A B Soares de Ollviera A Woolf L J St Ville G Heyworth R Mondesir-clarke M A Wright F Awan The Directors dld not re¢elve any remuneratlon or relmbursement for any expenses during the perlod. The bankers of the charity are The Cowo erative Bank, PO Box 250, Delf House, Southway, Vth8 6wr and The Charity Bank Limited, F055e House, 182 &igh Street, Tonbridge, TN9 18E. Trustee ap ointment & introduction Directors o the company are appointed by majority vote after being proposed by another member of the Board. New board members company systems and o through an induction process where they are introduced to the staff, talk through the he role and responsibilities of the board are made clear. When considering appointing new trustees, the Board has regard both to the organisation's need for any specialist skills and the diversity of board membership. Objectlves The Clod Ensemble aims to enhance education through the encouragement, performance and promotion of.the arts including drama, mime, dance, singing and music. The Charity has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing its aims and objectives and in planning future activities. The Trustees consider how planned a1VitieS will contnbute to aims and objectives they have set. The charitable company intends to achieve this aim by pursuing the following objectives: 1. To produce quality performances, maintainirNJ a high standard of excellence throughout its artistic Yrk. The work will combine music, movement and drama in such a way as to be represented as an integrated form of artistic expression. This Vrk will be targeted at a wide and diverse audience Ihroughout the UK and abroad. 2. To presented associated public events and participation programmes. 3. To deliver a programme of education programmes and professional development opportunltles for students, artists and healthcare professionals.
THE CLOD ENSEMBLE REPORT OF THE TRUSTEES- 31 MARCH 2024 Review of Activities April 2023 to March 2024 Overvlew This year, Clod Ensemble has delivered a bold, dynamic. and ambitious programme of work across cultural and health sectors. The company's interdisciplinary approach pushes at the boundaries of form, promoting dialogue, collaboration and innovation and enabling connections across wide fields of endeavour. Original live productions continue to Ignlte the imaglnatlons of audiences, wlth sold out performances of'The 81ack Saint and the Sinner Lady,. The production was recognised by the Guardian at No.4, in their roundup of"The 8esl Theatre, Comedy and Dance 2023., a testsment to the innovation arKI quality of this new vrk. The national significance of Clod Ensemble's body of artists'c work has been recognised with a major National Heritage Lottery Fund grant lo develop an archive of collective performance-making. featuring leading artists of the late 20th and early 21 st century. Our commitment to deepening engagement in the arts is stronger than ever. We completed the pilot year of our new programme Catalyser, which supported 20 young creatives aged 18-25. Ear Opener continued our collaborations with music students and teachers in state schools, as vftll as engaging with 11,000 subscribers and music-makers on our YouTube channel. The Perft>rming Medicine inrtiative continues to flourish. A highlight of the year was our Arts and Humanities Research Council funded project supportin9 healthcare professionals in Primary Care. This project brought arts- based approaches to an entirely new audience and created significant shifts in thinking about wellbeing viithin the workforce. The company's move to Design District on Greenwich Peninsula in 2022 continues to enable and embed new relationships wth neighbours and local communities across South and East London. This year we have welcomed artists, audiences and partners to the studio for workshops, open rehearsals, peer-learning and public events such as the Open House Festival. The studio also continues to provide the company with an additional income stream from venue hires, as well as allow Clod Ensemble to support affiliated artl8ts by offering them free rehearsal space. In the year 202314 Clod Ensemble gratefulty received grant funding from Arts Council England, Arts and Humanities Research Council, The Harold Hyam Wingate Foundation, Hinrichsen Foundation, The National Heritage Lottery Fund, Postcode Society Trust. as well as being supported by private donors. Porfomianco & Publlc Evonts In June 2023 Clod Ensemble began a new twtryear project: 'Choreozone.' Activating the Archive.. Funded by the National Lottery Heritage Fund, this project has allowed the company to start to collect, catalogue and share their archive through a programme of public engagement events and reconstructions of past performances. The programme has a significant focus on young people and, to support this work Clod Ensemble employed an apprentice for the first time, vtho has been studying Content Creation alongside their role with the company. The Black Saint and the SinnerLady' in partnership with Nu Civilisation Orchestra was staged on 9 & 10 November 2023 at Shoredttch Town Hall during EFG London Jazz Festival. As Y11 as selling out both performances. the production received several positive reviews including a 5-star review in The Guardian by dance critic Lyndsey Winship.. It's a delight to be caught up in it, swept up in a wave with the simple pleasure ofsynchrony, community and great music... Lyndsey Winship, The Guardian 'The Black Saint and the Sinner Lady, has gone on to be programmed on the theatre stage at the Barblcan Centre for September 2024. A celebratory programme of music and dance. bringing together free-to-attend movement classes. listening parties.
THE CLOD ENSEMBLE REPORT OF THE TRUSTEES- 31 MARCH 2024 film screenings, public performances and new commissions were presented alongside this new production. This included smaller scale versions of 'The Black Saint and the Sinner Lady,, performed at Charleston House Festival in Sussex in May 2023. and as part ofthe Summer Stages Festival on the Greenwich Peninsula and Hoxton Street Summer FestNal in August 2023. The new Gommissions were wrrtten by the Music Director of Nu Civilisation Or¢hestra Peter Edwards. young artist Romama Campbell and Clod Ensemble's Artistic Director Paul Clark. As part of the V&A's Late'Dance is Fashion, programme in November. Clod Ensemble shared short excerpts from 'Blossleldl', a new work in development inspired by the work of the late German photographer Karl Blo$sfeldt. A 'work in progress, sharing was also presented at Creative Crawley, a private event wth local councillors, businesses and arts organisations. aimed at building new partnerships Wrthin Crawley. Talent Development Our Catalyser programme, piloted in 2022123, supported 20 young creatives to develop thelr own artistic practice. The programme focused on interdisciplinary artists from underrepresented backgrounds and offered them the chance to take part in a five-week intensive programme of workshops. This included a full bursary to cover travel Costs and expenses of £1,000. ongoin9 SUPPOrt and mentoring over a six-monlh period, free access to Clod Ensemble's masterclasses, peer learning. and free rehearsal space and facilities to develop their ovm work. In 2023124 we held the final reunion for the participants and completed Ihe evaluation of this project. One of the outcomes of our initial Catalyser progfamme was the employment of Calalyser alumni, Chloe Carterr as the host of Clod Ensemble's The Black Saint and the Sinner Lady show at Shoreditch TON Hall. As part of the talent development programmed offered by Clod Ensemble in their Greenwich studio, masterclasses with Artist Richard Maione, Theatre Director Kats'e Mitchell, and Clod Ensemble's Artistic Director Suzy Willson were programmed. The company contlnues their mentoring and support of female and non-binary artists from diverse backgrounds including Djenaba Davis-Eyo, Valerie Ebuwa and Pembe Tokluhan. As part of the 'Choreozone'. Activatlng the Archive, Clod Ensemble hosled the ffirsl of a serles ol events for independent ¢alIve$, exploring artist-led approaches to archiving, using Clod Ensemble's collection as an example. Choreozone also saw four creative fellowship$ created during the year, lo support young artists to develop their artist practical and archiving skills. Learning The company musicéducation programme Ear Opener inclLKles both in-school delivery sesslons and online resources, designed to support students, teachers and all artis1$ to improve their composition skills. The student workshop programme was delivered in trwo schools across London, supporting 271 studen15. A new Continued Professional Development workshop was developed and offered to music teachers and the prowamme's YouTube channel grew its audience to 11,400 subscribers, with 332,000 views. As part of the company's collaboratlon with higher education institutions 11 Trinity Laban MA students perfomied in The Black Saint and the Sinner Lady. A placement opportunity was created for a BA Jau Student as a musical assistant on the production. Porforming Modicine In 23124 Performing Medicine continued to deliver arts-based teaching across the Faculty of Medicine and Dentlstry at Queen Mary University of London. This year. we worked 1124 across all five undergraduate years. Over the past year. we have undertaken a variety of consultancy projects, helping medical schools to implement arts wthin their curriculum. As part of a knowledge exchange project with the University College of Osteopathy, we undertook a scoping exercise, designed and delivered 3 days of yrkshopS with students and staff, and led a faculty development day. For Ihe The Counties Medical School at the Universlty of Worcester, we delivered
THE CLOD ENSEMBLE REPORT OF THE TRUSTEES- 31 MARCH 2024 half day vrforkshop wtth faculty. We have been part of a new growing medical education hub, focusing on integrating arts and humanities into clinical education and remain in contact with Javeriana Universty in Colombia to discuss how we can continue our plans to support Ihe developmenl oflheir curriculum. We have enjoyed creating and delivering several very well received Forum Theatre projects wth a number of new academic partners, for presentation to a range of new UK and international audiences. In 23124, we presented the last of our long covid Forums alongside resear¢hers from Ihe Universities of Oxford & Aberdeen. The work was shared at the COMET Conference (an interdisciplinary conference on Communication, Medicine and Ethics) in Cork, Ireland. We also started a new partnership with the University of Birmingham. In this project we devised Forum Theatre workshop on the topic of bias in Randomised Control Trials which we at a Conference for Statisticians at Queen Mary University of London. Both ¥IrkS were described as conference highlights by audience members, organisers and partners. Our work in Cross-sector workforce development has continued. We delivered our Social Prescnbing of Arts and Cutture training programme for the Borough of Newham (one of ACE'S Priority London boroughs). This reached 59 artists and social prescribers working in Newham. Our Social Prescribing workshops for link workers continued for second year at Dulwich Picture Gallery, extending to include attendees from not just Southwark, but also from several neighbouring boroughs in South East London. Performing Medicine has also contributed to key stskeholder conferences, events and national consultations, including GLAILondon Arts and Health Creative Health City Curated Conversations and the Creative HeaMh and Wellbeing Alliance's Strategic Partnership activty. We completed a series of practical skills workshops with Imperial NHS Health Charity, supporting a total of 88 staff members from many different parts of the workforce across London's largest NHS Trust . Performing Medlclne piloted a brand new 2 day introductory course for artists interested In working in the fi'eldj of art & health. Across sessions in November '23 and January '24, we welcomed 18 artists lo our studio in North Greenwich. As well as benefiting participants, the pilots allowed us to explore and identify themes of most interest, skills gaps, opportunities and barriers as we move towards the creation of a nationally significant professional development programme. This year, Performing Medicine received follow-on funding from the Arts and Humanities Research Council to extend the impact and engagement around findings of our original Communicating through Covid project to the Primary Care workforce. Outputs included workshops with 133 primary care staff, an international webinar which reached 55 attendees across the globe. Work continue5 into 24125. Performing Medicine also took part in several conferences, including at the Bntish Academy and Association for Medical Humanities to share our research projects. Risk manag•m•nt The company's risk register is updated by the board of trustees quarterly, when the risks facing the company and their appropriate mitigations are considered. Each identtfied risk is given a score for likelihood11 to 6) and severity (1 to 6). These iwo scores are muttiplied to give a final risk score. Any risk scoring over 18 15 considered 'high'. Currently the only risk with a high score is income targets not being a¢hleved wilhin the expecled timeframe. This risk is mitigated by the company's annual budgets being reviewed by the Trustee Financial Subcommittee (FSC) and Board to ensure the targets set are realislic and achievable, c105e monitoring of progress against these targets by the FSC quarterly, developing new income slreams including the commercial hiring out of our studio. a focus on fundraising and the building of relationships with new funders and ongoing contingency planning of how the ompany vlould effectively scale down activity if required.
THE CLOD ENSEMBLE REPORT OF THE TRUSTEES- 31 MARCH 2024 Reserves Clod Ensemble's business plan includes Ihe building of reserves, Vth the aim of accumulating a level of free reserves which cover the company's core expenditure, including salaries and overheads, for three months. This figure would be in the region of £120,000. As of 31 March 2024, the company's total reserves stood at £272,072. These reserves are made up of £19,500 Restricted Reserves, £107,921 Designated Reserves, £44,651 Designated Capital Fund and £100,000 Free Reserves. The charity plans to increase its Free Reserves to £105,000 by March 2025. Oetails can be found in note 14 in the accounts. Trustaes, Rosponsibilities The trustees {who are also directors of the chanty for the purposes of company law) are responsible for preparing the Trustees. Annual Report and Ihe financial statements in accordance with FRS 102 "The Financial Reporting standard applicable in the UK and Republic of Ireland.. Company law requires the trustees to prepare financial statements for each financial year whlch give a true and fair view ofthe state of affairs of the charitable company and ofthe incoming resources and application of resources, Including the income and expenditure, of the charitsble company for that period. In preparing these financial slatements, the trustees are required lo.. select suitable accounting policies and then apply them ¢onsistently', obserrfe the methods and principles in the Charrties SORP,. make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial stalernents,. and prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounling records that disclose wth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the tharitable eornpany [and the group] and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In $0 far as the trustees are aVre. the is no relevant information ol lthlch the charitable company's independent examiner Is unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial inlomiatlon induded on the charitable company's vRbsite. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Ind•p•ndent examinors Simp50n IAfreford LLP vRre appointed as Independent examiners and have expressed their willingness to continue In thal capacity. The above report has been prepared in accordance with the special provisions of Section 419{2) of the Companies Acl 2006 relating io small companies. Signed on behalf of the board of trusteesldirectors on 11 Dember 2024. J D Mollica Trustee
THE CLOD ENSEMBLE INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF THE CLOD ENSEMBLE FOR THE YEAR ENDED 31 MARCH 2024 I report to the Charity trustees of the company for the year ended 31 March 2024, which are set out on pages 11 to21. Responsibilities and basis of report As Ihe Charty'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 14S of the Charities Act 2011 (the '2011 Act,). In carrying out my examination I have follod the Directs'ons given by the Charity Commission under section 145{51(b) of the 2011 Act. Independent examinerfs report Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 ofthe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. l eonfirm thal 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 accounting records; or {3) the accounts do not comply with the accounting requirement5 of section 396 of the 2006 Act other than any requirement Ihal the accounts give a 'true and fair. view whlch 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 appllcable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection wlth the examination to whlch attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. K Taylor FCA for and on bohalf of Slmpson Wreford LLP, Chartered Accountant8 Insts'tute of Chartered Accounts in England and Wales Wellesley House Duke of Wellington Avenue London SE18 6SS Dated.. 16 December 2024
THE CLOD ENSEMBLE STATEMENT OF FINANCIAL ACTIVITIES (Including statement of income and expenditure) FOR THE YEAR ENDED 31 MARCH 2024 Unrostrleted fund• Restricted D•signat•d Oesl9nat¢d fynd• fund• cJplt•l lund 2024 Totsl 2023 Totsl INCOME FROM.. Don•llon8 a1 *gwe$ Charitable aLINi.S Invastnt incow 129,233 277,415 1,427 43,025 129,233 474,155 1,427 43,025 177.395 421.408 1,144 40.926 196,740 Totsl Incom• 4S1 100 196740 647 840 640871 EXPENDITURE QN: Charftabl• •etl¥lthg 396,152 218.693 6.378 621,223 710.412 Totsl •xp•ndltur• 398 152 218693 621 223 710412 TRANSFERS N•t InGom•ll•xpendltur•l and n•t mov•m•nt In lund8 lor the y••r s.000 121.9531 49,948 18,3781 28.817 189.S411 R•¢onclllJtlon ol lund• Ttxal fvnds bffjughl loThvard Total fvnds carried I00rd 41453 19500 51029 44 651 24S 455 272.072 314 998 24$ 455 100000 107 921 The results for the year derive from contlnulng actlvities, and there are no other gains or losses other than those shoNvn above. The notes on pages 14 to 20 fomi part of these financial statements. 10
THE CLOD ENSEMBLE BALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible fixed assets 11 53.895 57,156 Currnnt assets Debtors Cash at bank and in hand 12 179,080 99,113 278,193 64,925 150,495 215,420 Credltors: AnJ)untJ falling due within one year 13 60,016 27,120 Ngt current assgts Net assets 218,177 272,072 188,299 245,455 The funds ol tho charity Unrestricted incorre funds Restricted income funds Designated funds Designated capltal fund Total charity funds 14 100,000 19.500 107,921 44,651 272,072 95.000 41,453 57,973 51,029 245,455 For the year ending 31 March 2024 the company was entided to exemption from audit under sectlon 477 of the Companies Act 2006 relating to small companies. The directors acknowledge their responsibilities for complying with the requirements of the Act wlth respect to accounting records and the preparation of financial 8tatemenls. The trustees have not required the company to obtain an audit of its financial statements for the year in question In accordance with section 476 These financial ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regimes The financial statements on page5 11 to 20 were approved by the Trustees on 11 December 2024 and signed on their behalf by.. J.¥DliralD•cL9,2D24Q*17fjM J D Mollica Company number: 032514991England & Wales
THE CLOO ENSEMBLE STATEMENT OF CASHFLOWS FOR THE YEAR ENDING 31 MARCH 2024 2024 2023 Notes Cash (used inyprovlded by operating activitles 17 47,414 92,342 Cash flows from Investlng actlvits'e8 leresl in¢ome 1,427 1,144 Purchase of tangible assets (5,3951 (68,052) Ca$h iu$•d In) InvestSng actlvltles (3,9691 (66,909 (Decreasellincrease in cash and cash equivalents in the year (51,3821 1159,251) Cash and cash equivalents at the beginning of the year 150,495 309,745 Total cash and cash equivalents at the end of the year 99,112 150,495 12
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 I. ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. The Clod Ensemble is a company limited by guarantee, incorporated in England and Wales and registered as a charity with the Charities Commission. The registered office is C2, 3 Cripps Yard, Soames Walk, Design District, Greenwich Peninsula, London, SE10 OBQ. (a) Basls of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin9 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102 and the Companies Act 20061>. The Clod Ensemble meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting pollcy note(s). The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. (b) Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus. the trustees continue to adopt the going concem basis of accounting in preparing the financial ststements. (c) Income Income repSentS grants and sponsorships, donations receivable, investment income and fijndraising receivable in the year under review net of VAT. Income is recognised vthen the charity becomes entstled to the resources, when the trustees are virtually certaln they will receive the resources and when the monetary value can be measured with sufficient reliability. (d) Interest Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charty., this is normally upon notificatlon of the interest paid or payable by the Bank, (e) Fund accounting Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for speclfic purposes as lay down by the donor. Expenditure which meets these criteria is charged to the fund. (fl Expenditur• Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the followin9 activity headings= Costs of raising funds comprise mainly of wages costs of employee time spent and their associated support costs. • Expendrture on charitable activities includes the costs of running projects. exhibitions, tours, mentoring and other educational activrties undertaken to further the purposes of the charity and their associated support costs. 13
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 (glAllocation of support costs Support costs which are attributable to more than one actlvity, are apportioned across projects as seen In Note 5. {h) Leases Rentals payable under operating leases are charged against income on a slraight line basis over the lease term. li)Tangible fixed assets It is the policy of the company to provlde depreciatlon at the following annual rate in order to vrtite off each asset over rts estimated useful economic life. Computer equipment Office equipment Fixtures and fittings Leasehold Improvements 25•A on net book value 25°/o on nel book value over the lifetime of lease over the lifetime of lease U) Debtorn Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Ik) Cash at bank and in hand Cash and cash equivalents include eAsh equal to cash in hand only. 11) Creditors and provl8lon5 Creditors and provisions are recognised where the charty has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due (m> Financial instruments The charity only has financial assels and financlal liabilities of a kind that qualify as baslc financial instruments. Basic financial instruments are initially recognised at Iransaction value and subsequently measured at thelr settlement value. (n) Legal ststus of th• Trust The Trust is a company limited by guarantee and has no share capital. 14
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 INCOME FROM DONATIONS LEGACIES 2024 Total 2023 Total Unrestricted Restrict oaOn5 13 978 ants CourKil ol Er¥JlarMI- National porrfolio Arts cou1 of Erglar¢ - Cuttural Recowry Fund 123.417 123.417 122.917 123.417 123.417 163.417 INCOME FROM CHARITABLE ACmVtTIES 2024 ToL•l 2023 Total UnYMtrkt•d R••trlthd &ants Arts CoLKKiI ol England - InstrnenI Fund (croynI Arls COUNI ol England - InSIment Fund18renll Arts Courril ol EnglaNI - InSnI Fund (Enfiehjl Arts Couwl of EnglaThJ - Inlesinwnl Fund I%arn> Arts and Fljmanibes P8search Counryl Cock8yne (>8nts for Ihe Arts E8ft Fairbalrn Garrick Chafilabk Tr1 InFerial Falth Charity JervA)od Art8 Knlght Dr8gon L&Q Place Kgkers Portal Trusl Postcod8 S(Kiety Tr1 tJeen Mary LkniKersity Roddick Fo(mdation Slanley Thc4nas Johnson The trkrokj Ftyamwia1e Foundab The Hnrichsen Founoabon The Ntional Lottery Prilage Fund [thIeTty of Cx¥lord 18.750 18,750 10.oc 3.TrJO 48.003 15.0 12.OCQ 37.fyjo 37.CrfJO 10.000 10,10 15,OCO 1.525 20,000 18,634 15,000 6.211 8,211 19.793 35.812 19.793 35.812 22,000 9,988 4.000 4,CxlO 500 83.424 83,424 1,740 196.740 272,650 F••s and box office iw Fees gnd sale ol prc•Jucl incoJM Space hire Capital ccltsutionS Other incorr* 85,223 128,344 63,701 85,223 128,344 63.701 7.101 82,655 36,$07 19,195 147 277,415 147 277,415 148,756 4C6,648 1%740 603,388 INCOME FROM INVESThIENTS 2024 TaLg1 2023 Total Unrnstrkt•d R•8trlct•d Bank Inlwest INCOME FROM OTHER 20 Total 2023 Totsl Vnrostrictod Restrlctod Theatre Tax P£lief 15
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 ANALYSIS OF EXPENDIWRE OF CHARrrA8LE ACTIVrnES Dlrect activities Support e05ts Oth•r costs 2024 Total 2023 Total Salaries Other Staff costs Freelance fees Olher direct costs Production costs Marketing Fundraising Property overhead Administration Dèpreciation 324,306 3.$90 137,641 5,038 29,940 7,176 4,0¢]0 324,306 329,187 3,590 2,265 137,641 150.525 5,038 4,814 29.940 33,015 7,176 5.828 4,000 4.260 72,250 70.540 28.626 56,123 72,250 28,626 548 973 72 250 621223 710412 Support costs are allocated lo prolects on o 118ff •pportlonn*nt b•¥i5. In the cas• of $818ri05 support CQSt¥ 4r¢ allecaled on a spent basis Property overhead 621223 621 223 710412 PROJECTS ANALYSED BY ACTIVITES Performlng icino Core Participation Perlormance Total Salaries Cther siaff costs Freelance fees Clher direct costs PrcAluction costs Markets'ng Fundraising Property 0rhead Administrab'on Depreciats'on 10,754 1,615 13,600 1,753 1.663 227 2.000 72,250 25.668 8,656 138.186 54,015 110,052 1,975 78.877 3,285 20,753 5,777 2,000 149,485 324,3 3,590 137,641 5,038 29,940 7,176 4,0Tr) 72,250 28.826 8,656 621,223 11,982 33,182 546 63 6,978 1,109 120 2,005 833 66,726 224,724 191,587 16
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 STAFF COSTS 2024 2023 Staff costs re as folkivrt: Salaries and vAgès Sctial security costs 291,520 291,204 329 187 The 8rage nuer of slaff enyloyed durlng the year, VAS as follo6".- Projects A(Irrunistral'on 12 12 13 13 |Ther8 vre no enry)tyee5 1th enTr)knrrenls abobE £60,OLW). There bre no Trustees receiwl reTrration during the year. TRUSTEE EXPENSES Trustees vRre reirtiursed for their travel to trAwd ff£ets'ngs. The total trustee eynses for the year vEre £nil (2023.. £niD. NET INCOhE FOR THE YEAR 2024 2023 Thls Is stated after charging.. Indepdent e>2niners fee Depreciab'on of 0ed aet$ 10. TAXATION The cryny is exEnyt from tax as a resuti of its registered charity alU5. 17
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 11. T¥lNGIBLE FIXED ASSETS Le85ohotd hnwov•m•nts convOr Equlpn offi Eg¥iPDWrt Ftt¢inll• T•xal At 1 Awl 2023 121.261 18.892 3,028 2,555 145,738 Al 31 March 2024 20 388 2.555 151 131 Al 1 Awl 2023 Ch*gefoT the ye¥ At 31 Mw¢h 2024 70.232 15.481 2.103 764 448 8B,S80 76 610 97 236 Nrt book¥•l¥• Al 31 Pthch 2024 Al 31 2023 925 12. DEBTORS 2024 2023 Trade debtors and accrued inc0e (Xher debtors Prepayffents VAT refund 156,766 1,642 20.671 13,233 41,024 8.137 2,530 64,925 179,080 13. CREDrroRS 2024 2023 Traje creditors Other credittys PAYE Credit card Accruals 40,63fj 4,592 7,072 8,093 1,542 13,245 2,258 9.696 27,120 18
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 1& AMALYSIS OF UNRESTRICTED RESTRICTED FUNDS Balanco Blfwd Incornlng Resources resources expended Transfers Balance Cld Restrlctod fvnd• AJts Council England- IntIrent FLmd (Nevthaml CLKkayne Gf8nts for Ihe Inperial Heahh Charlty L&Q Place Mgkefs P05tcode Scciety Tru$l Mary Unirsity St•ny Thon¥$ Johnson The Harotd Ptyam WINJate FourKl8ti( The F&nrich5en Foundabon The NaIal Lottery prIlage FLmd Lkni¥w81ty of 0rd 37,000 {37.000) {1 S.000) 15,000) {8,2111 119,7931 129,8121 {8,9881 {3,9651 15001 183,4241 {9,0001 15,000 5,000 10.000 8,211 19.793 35,812 10.000 6,000 8,988 3,48S 4,000 500 83,424 3,500 9,000 196 740 218693 UnMtrlct•d Funds 95 000 4S1 100 3961S2 49.948 100 000 D••bgn•t•d C•pSt•l Fund 6.378 D•sbynat•d Furtdj 49.948 107 921 TOTAL 245 455 621 223 272 072 Pu osa of Restricted Funds IMlIa1 H•alth - this grant will support Clod Ensemble's Performing Medicine pro9ramme, working in partnership with Imperial Health Charlty to develop and deliver training to support healthcare teams across the trust in 24125. Arts and Humanltlos Research Councll (AHRC) - this grant will support impact and engagement activities, developing and delivering training and creating resources for the Primary Care workforce. The Harold Hyam Wingate Foundation - this 9rant will support Clod Ensemble's music education programme Ear Opener, working in partnershlp with school and delivering teacher training and on-llne resources in 24125. ose of Desl nated Fun £44,651- Dosignated Capital Fund This is the designated fund for leasehold improvement works al the Design District. The balance agrees to the net book value on the leasehold improvements, which are being depreciated over the term of the lease. The designated fund is unrestricted funds that have been spent but have been capitalised. This fund is designated for future depreciats'on charges. £25,460 - Performing Medicine Projects These funds will be used to deliver a number of Performing Medicine projects induding those working in partnership wth the University of Sussex, the University of Bimiingham and Dulwich Picture Gallery. 19
THE CLOD ENSEMBLE NOTES TO THE ACCOUNTS- 31 MARCH 2024 £15,461- Repairs and Maintenance of Clod Ensemble's Studio These funds will be used to ensure the up-keep and necessary improvements of Clod Ensemble's new sounds, design and rehearsal studios. £36,500 - Research and Development of New Works These funds wll be used to allow Clod Ensemble's artist directors to spend time working in ¢ollaboratlon with other artists and associates in the development of new performance work. £20,000 - Blossfeldt Performanc8 Work These funds will be used for the development of a new performance piece inspired by the photography of Karl 8lossfeldt. £10,500 - Investment In Fundraising and Marketing These funds will be used to invest in additional support in both fundraising and marketlng for the company. 16. FINWICIAL cohwrrhENTS jLe88e payffenls recogni8ed as an eyn88 in the year £19,44512023.' £18.9051 AI 31 VArch 2024, Ihe company wds committed to making th8 f1ing annual paymnts under non-cancelLqbl8 OFerabry kases As folk>vA'. 2024 2023 157,180 59,955 16. RELATED PARTY TRAJ4SACTK)NS There ha been no related party Ir8n88Ct'ons during perlod. 17. RECONCILIATION OF NET PX)VEMENT IN FUNDS TO NET CH FLOW FROM OPERATING ACTlVtnE8 2024 2023 Net rrn1 in fvr#Js Add back.. depreciation charg Dedu¢t' interest incomg Ilncreaselldecrease in debtors Increa{decrease> in creditor$ 26,617 8,656 11,4271 114,1561 {69,541) 53,853 {1.144} 8,658 84 168 20