OpenCharities

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

2024-03-31-accounts

Company no. 02539087 Charity no. 1065012

Travelling Light Theatre Company Report and Unaudited Financial Statements

31 March 2024

Travelling Light Theatre Company

Reference and Administrative Details

For The Year Ended 31 March 2024

Company Number 02539087
Charity Number 1065012
Registered Office Wellspring Settlement
43 Ducie Road
Lawrence Hill
Bristol
BS5 0AX
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Jennifer Blackwood (Vice Chair) Resigned 11 July 2023
Joanna Cross
Toni Glazzard Appointed 16 July 2024
Jenny Farmer Resigned 19 March 2024
Meera Pandya Resigned 23 January 2024
Omeyoma Smith
Ian Stickland (Chair)
Matimba Swana
Company Secretary Dienka Hines
Alison Sully Appointed 16 July 2024
Principal Staff Dienka Hines (CEO)
Bankers Co-operative Bank Triodos Bank
14 Broadmead Deanery Road
Bristol Bristol
BS1 3HH BS1 5AS
Shawbrook Bank Limited Charity Bank
Lutea House Fosse House
Warley Hill Business Park 182 High Street
Brentwood Tonbridge
CM13 3BE TN9 1BE

1

Travelling Light Theatre Company

Reference and Administrative Details

For The Year Ended 31 March 2024

Independent Examiners

Godfrey Wilson Limited Chartered Accountants & Statutory Auditors 5th Floor, Mariner House 62 Prince Street Bristol BS1 4QD

2

Travelling Light Theatre Company

Chair’s report

For The Year Ended 31 March 2024

Chair’s Welcome

On behalf of the trustees, I am pleased to introduce Travelling Light’s 2023-2024 annual report. 2024 is Travelling Light’s 40th year of inspiring children’s imaginations through theatre, and we are delighted that last year the work reached over 3,000 young people, many of whom have had limited or no previous access to theatre and creative storytelling.

One of the particular highlights was the early-years production of Igloo which toured through Bristol and the South West. I was lucky enough to see Igloo at Easton Community Centre, a short distance from Travelling Light’s base in Barton Hill, Bristol. By taking work to the heart of communities, early years providers were able to bring children to see a show that would otherwise have been prohibitively far away. The children and their carers were transfixed by the magical performance and then invited onto the set for an immaculately facilitated play session. Watching these children respond imaginatively and develop their own stories and relationships within the space was fantastic and underpinned my appreciation for the amazing work that the Travelling Light team deliver and the impact it has on children and young people.

The achievements of 2023-2024 would not have been possible without the funders and individual donations, and we wish to use this report to thank each one of them for their ongoing support. We also must acknowledge the skill and dedication of the Chief Executive Dienka Hines and the Travelling Light staff team. The trustees are incredibly grateful for all they achieve and their dedication to Travelling Light’s charitable aims.

I would also like to note the contribution of three trustees who stepped down this year due to work commitments; Jenn Blackwood, Jenny Farmer and Meera Pandya. We are thankful for their contribution to Travelling Light. The process to find new trustees is well underway and we are pleased to welcome Toni Glazzard who joined the board this summer.

Next year the team will continue to develop Travelling Light’s work, using the feedback from research carried out this year to refine our offer in a sustainable, creative and impactful way including developing co-creation models, strengthening partnerships with schools and enabling more young people to access theatre. The trustees remain committed to supporting the staff team through Designated Funds to develop this work and process.

Ian Stickland - Chair

3

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

The trustees present their report and the financial statements for the year ended 31 March 2024.

Reference and administrative information set out on pages 1 and 2 form part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities (issued January 2019).

Our context 2023-24

In these times where the extraordinary has perhaps become the norm, rather than reflecting that 2023-24 was an extraordinary year for Travelling Light, I will just say that the year was a time of change and a time of remaining constant.

It was a transitional year for the company, as we moved away from Arts Council England’s National Portfolio and began to develop a new funding model and set out our new strategy and direction of travel for the future. It was a time of change for the team, with staff members going on to new adventures as well as taking on new opportunities at Travelling Light, new team members joining, and staff members starting families for the first time. A time of stepping up and stepping in and doing what’s needed.

It was also a time of remaining constant for our participants. Whether it was our youth theatre members who come each week for a safe and creative space to develop friendships, confidence and self-expression, or the local Barton Hill families who come during the school holidays for creative activities and healthy meals, or the children at Victoria Park primary school for whom our project Play in a Week is a rite of passage each year. Travelling Light is a constant in many children and young people’s lives.

There were many other constants throughout the year, the funders and donors who continued to support our mission and our work, the way that our brilliant staff team, artists and facilitators focused on delivering high quality theatre and creative activities with and for young people. Thank you to all those who have supported Travelling Light to engage so many children and young people in theatre and creativity this year.

During the year children, young people and families engaged in our work through an impactful programme of touring productions and participatory activity. This provided an ideal opportunity to involve the voices of children, young people and our wider communities in developing our future strategy and plans. In summer and autumn 2023 we worked with the brilliant freelance evaluator Dr Elaine Faull, who spoke to children and young people, families, schools, artists and local community groups about Travelling Light's work, our impact, what makes it special and how it might develop.

Feedback from our beneficiaries highlighted the importance of creativity, stories and imagination to children’s lives. It was humbling to read stories from children who watched our productions in their school (many of whom saw theatre for the first time), participants in our youth theatre, families who took part in our holiday activities, schools who saw Travelling Light’s work as part of the cultural entitlement of every child, and artists whose professional development was informed by working with Travelling Light.

4

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

This research formed the basis of our future plans, helping us to innovate, evolve, and build a strategy that responds to need and with children and young people’s voices at its heart. Despite the challenges faced by Travelling Light and many arts organisations, we feel optimistic about the future, knowing that children’s entitlement to theatre and creativity matters and Travelling Light plays a key role in providing it.

Dienka Hines - CEO

Objectives and activities

The objectives of the charity as set out in its governance document are to advance education for the public benefit by the promotion of the arts, in particular the art of drama.

Our mission

Travelling Light creates theatre with and for children and young people, lighting up imaginations and sparking creativity.

Our mission is to inspire children’s imaginations through theatre.

Our core values

Valuing children and young people: we listen to and champion children’s voices and enable them to shape, create and define the work that we make.

The rights of the child: we believe that every child is entitled to opportunities to create, imagine and experience great stories told through theatre.

Because of this we actively aim to reach children, young people and families who wouldn’t otherwise be able

to access theatre and creative opportunities.

Our activities

Our artistic programme enables thousands of children each year to experience the joy of great stories told through theatre, as both creators and audiences. This is delivered through our touring productions, family and community engagement in our locality of Barton Hill, creative learning activities in schools and early years settings and young people’s projects outside of school.

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit including the guidance ‘public benefit, running a charity’ (PB2).

5

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

Summary of activities and achievements 2023-24

In 2023-24 we reached 3,208 people:

We employed 38 casual and freelance staff providing an estimated 476 days of paid work for artists, freelancers and assistants. We also engaged 14 volunteers.

Productions - capturing imaginations in schools and early years settings

In 2023-24 our touring productions focused on reaching children in schools, community settings, early years settings and children’s centres, who may not otherwise have had the opportunity to enjoy theatre.

When The Birds Sang – reaching children in schools with new storytelling

“I have never seen anything like that before. That was amazing” . Pupil who had not seen theatre before.

In June 2023 we toured to our partner schools in Bristol with a new show, When The Birds Sang , a coproduction with Darlington's Theatre Hullabaloo. Inspired by children’s own experiences, this fantastical dance theatre show for ages 4+ combined contemporary dance and storytelling to celebrate the power of the imagination.

After opening with a run of performances at Theatre Hullabaloo, the show toured to 6 schools in Bristol, with 11 school performances as well a 4 free performances at our studio in Barton Hill for local children and their families. When The Birds Sang reached 781 Bristol children, most of whom who would not otherwise have had the chance to experience theatre.

"It made me feel happy and excited and it’s really hard to explain, but I just got that amazing feeling, and it feels so good and I loved it." Pupil.

"The production of When the Birds Sang was thought provoking and different. Travelling Light’s productions are unique. It is so good that they perform in schools otherwise our children would not see theatre." Teacher

Igloo – first experience of theatre for the youngest audiences

1,203 children and carers in community venues in Bristol and the South West enjoyed the tour of Igloo our show for the very youngest theatre goers in Jan-Feb 2024. Igloo is a non-verbal, playful experience filled with warmth, sensation and gentle exploration for 0-3 year olds.

6

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

The tour was designed to reach children and their carers who would not otherwise experience theatre, both through targeted community performances and engaging with early years settings and children’s centres. All performances were relaxed and designed to create a warm and welcoming environment for those having their first experience of theatre.

Audience members told us the show was: “So wonderful, simple and inclusive" and “Joyful, magical. All the kids were entranced”.

Each show included a facilitated play session which was developed with our local nursery, and audience members were also given an Igloo picture book and a free activity sheet to enable families to continue with creative play at home.

“Amazing. Best play activity I’ve ever been to. Really communal, safe, inclusive and fun!” Parent

Early years practitioners told us the performance and play session had a positive impact on children’s language development and wellbeing.

“Some of the children who don’t usually talk were laughing, clapping and chatting. It surprised me how they could read the actions and how focussed the children were.” Early years practitioner

“Working with Travelling Light has certainly enhanced their language development.” Early years practitioner

Igloo provided the opportunity to test a new touring model, bringing together our participatory practice and production expertise in to one offer for children and their families and increasing the audience engagement and impact. It also deepened our relationships with local early years settings, which have been continued since the project.

Igloo was delivered with support from Arts Council England National Lottery Project Grants, Patricia Routledge Foundation, Charcoalblue and our Big Give campaign donors.

Community Programme – responding to need in our locality

In 2023-24 we continued to work deeply within our local community of Barton Hill, collaborating closely with local partners . 62 children in our local area enjoyed 17 free creative holiday workshops with free healthy meals, and 113 local community members took part in our creative workshops as part of community events.

We delivered our school holiday activities in partnership with local food charity St Luke’s Lunch, offering creative activities alongside healthy meals for families. Activities included storytelling, craft activities, drama games and trips as well as creative workshops exploring the themes of our shows Igloo and When The Birds Sang. All families who participated were in receipt of free school meals/universal credit.

7

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

“We live in a high-rise block of flats and we don’t have any garden. If St Luke’s and Travelling Light weren’t running this holiday club, he wouldn’t have space to run and play. He gets to be a child, he has freedom to be himself, it’s what every child needs." Parent

In addition to our holiday activities, we delivered a taster session for local families with disabled children at a local outdoor adventure playground, reaching 20 local children. This led to a child joining our regular Louder Than Words group. Seven young people who took part in our holiday activities went on to join our youth theatre.

“These children would never go to a drama club but they experience here. I know some children now go to the Youth Theatre- holiday club is a way in” Manager, St Luke’s Lunch.

We also responded to need in our local community, running 5 creative sessions for families displaced to a city centre hotel when they were forced to leave their homes due to structural issues with the Barton House block of flats.

Young People’s Programme- creativity for children and young people outside school.

107 children and young people enjoyed creating theatre outside school as part of our Youth Theatre and Louder Than Words groups and our summer school for young disabled people.

Our regular youth theatre groups provide a safe space for young people to develop their confidence, creativity and wellbeing. We continued to run groups for young people aged 7-19 and Louder Than Words, our free group for children with additional needs. We provide free and discounted places to make sure finance is not a barrier to young people attending, and 45% of our youth theatre and all of our Louder Than Words participants received bursaries and free places.

Louder Than Words celebrated its 10th anniversary in summer 2023 with a special celebration at Bristol Old Vic. The group was shortlisted for the Fantastic For Families Audience Impact & Innovation Award (for creative organisations showing innovation and adaptability to reach and make a difference to families in need) , alongside 5 other organisations nationally.

In March 2024 we celebrated the wonderful creativity and imagination of our youth theatre groups with a day of performances for parents, carers and invited guests.

“It’s amazing and makes me feel great! I come to Travelling Light because I feel free when I act!" Member of the 7- 10s youth theatre

“This is the first club I have ever felt I fitted in.” Participant, Louder Than Words

8

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

Summer School for Young Disabled People

In summer 2023 we ran our first summer school for disabled young people in partnership with WECIL – West of England Centre for Inclusive Living. This fulfilled a need for disabled young people, who have few positive opportunities in the school holidays. Participants explored drama, music, storytelling and art, culminating in a performance for family and friends in our studio. The project was very popular and will return in summer 2024.

"Whenever I have worked with Travelling Light, it’s a joy. The children always leave smiling. They don’t get bored. There is a difference I see in them when they are at Travelling Light. Travelling Light understand Young People." WECIL staff member

Thanks to Children in Need, Postcode Local Trust, Holiday Activity Fund, D’Oyly Carte Charitable Trust, the Morel Trust, Nisbet Trust and other local trusts and foundations for their support of our community and young people’s programmes.

Creative Learning Programme -supporting the cultural entitlement of children in school

576 pupils, 60 students and 20 teachers and early years practitioners benefitted from our Creative Learning Programme in early years settings, schools, higher and further education. This included our Play in a Week project with Victoria Park Primary School (engaging the whole of Year 3) as well as bespoke workshops in education settings.

“ Play in a Week made me feel more confident on stage, made me feel happy and I looked forward to going to school!” Pupil, Victoria Park Primary

"This is more than just enrichment; the opportunity to write, collaborate and perform builds determination and confidence." Nic Bailey, Headteacher, Victoria Park Primary

Light Up School Learning

“It’s the best training I have had in the last fifteen years.” Teacher

Our two-year teacher development project, Light Up School Learning , ended in summer 2023. Over two years the project worked in depth with 5 Bristol schools, with artists supporting teachers to embed drama-based techniques in their curriculum teaching. 35 teachers and 1,700 children participated in the project over two years.

The independent evaluation found that the use of drama-based activities improved pupils’ learning across the curriculum. Teachers, artists and pupils reported the project had improved pupils' confidence, oracy and wellbeing, as well as enhanced recall of knowledge and concepts.

“It helps you learn. It makes you curious and eager to learn. It helps me remember.” Pupil

9

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

“My confidence has grown so much bigger. It’s because of the work we have done with Light Up School Learning- we do so many things which help us speak and think” Pupil

The Light Up School Learning project was delivered with thanks to support from the Paul Hamlyn Foundation Teacher Development Fund.

Future plans

We have set out our direction of travel and aims for 2024-26 in our two-year business plan.

Our artistic programme aims are:

Our business development aims are:

In 2024-25 we will celebrate our 40[th] birthday and will continue to provide our impactful and responsive

programme of participatory activity, as well as exploring new artistic ideas which are co-created with children and young people.

This will include:

10

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

Staffing

We were excited that Lizzy Stephens (previously our Creative Learning Officer) took on a new role in March 2023 to become Travelling Light’s Artistic Director, putting plans in place for our artistic programme before her maternity leave in summer 2023. On her return she will be developing our new artistic offer for 2024 onwards. The trustees also asked Dienka Hines, Executive Director to continue in a sole CEO role, and to steer the company through its next phase of development.

During Lizzy’s maternity leave Lou Betts stepped into a Youth and Community Producer role taking on the project management of our Igloo tour and our planned Winter Lights event. Fifi Delaney also joined the team in a development role as our Youth Theatre Coordinator, supporting our young people’s programme and holiday activities.

Rachel Millet joined the team as our new Creative Learning Project Manager, to develop our schools and early years programme, this post was also covered by Mike Akers, regular Travelling Light artist, during Rachel’s maternity leave.

Our General Manager Ali Sully and Marketing and Development Manager Jamie Harber continued to provide excellent administrative, financial, communications and campaign management throughout the year. Becky Vowles, Racheal Duthie and Sian Weeding also provided support to our production programme. Our work was also delivered and supported by a fantastic team of 38 facilitators and freelance artists, and 14 volunteers.

Financial overview

Travelling Light finished 2023-24 with income of £351,910 and expenditure of £348,706, leaving a small surplus of £3,204 .

In April 2023 Travelling Light left Arts Council England’s National Portfolio of regularly funded organisations (due to their wish to prioritise Levelling Up areas outside Bristol, despite Travelling Light’s application scoring strongly).

We received a £120,000 grant (7 months of previous core funding) from Arts Council England to support our transition away from regular core Arts Council funding. We also received a National Lottery Project Grant from Arts Council for our early years tour of Igloo (£20,000, £18,000 paid in 2023-24).

We were pleased to remain part of Bristol City Council’s portfolio of regularly funded organisations, despite a challenging local authority funding climate. During 2023-24 we received a transitional grant of £13,600 while their new grant applications were assessed, and it was confirmed that we are part of their Openness funding programme from April 2024 to March 2027.

We also received unrestricted funding of £38,500 from Coutts Foundation and are delighted to continue to be part of their funding portfolio for another three years from January 2025-December 2027.

11

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

We received £86,928 in other grants including public/lottery funding from Children in Need, Postcode Local Trust, and the Holiday Activities Fund. We were also grateful to the trusts and foundations who supported our work including including new supporters Backstage Trust, The D’Oyly Carte Charitable Trust, The Morel Trust, Patricia Routledge Foundation and regular local supporters Nisbet Trust, John James Bristol Foundation, Joyce Fletcher Charitable Trust, the BYCA fund (Quartet Community Foundation) and Burges Salmon Charitable Trust.

Our Travelling Light Friends also continued to support our work, providing vital unrestricted funding through regular donations ( £4,428 in 2023-24). In addition, we gained £10,829 in restricted donations throughout the year, with individuals and corporate supporters raising £3,159 through cycling and walking challenges and £7,670 from the Big Give Christmas challenge campaign towards Igloo .

Diversifying our income as we move away from Arts Council England core funding will become increasingly important in future years, and we will continue to develop a strong and evidence-based case for support and theory of change in order to secure investment in our work.

Earned income from productions was significantly less than the previous financial year due to the year’s focus on touring to schools and community venues (rather than Christmas co-productions with venues as in the previous year). Our tour of Igloo was heavily subsidised through Arts Council project funding and philanthropic giving. As we continue with our audience development aims of reaching children and young people with the least access to theatre, we expect that this model will continue in future years.

Earned income from our Creative Learning Programme increased, with new partnerships with schools and education settings. Despite budgetary challenges within schools, we were pleased that they continued to support our work, and we see education partnerships with further education and higher education institutions as an important part of our trade offer for future years.

Expenditure was reduced due to staffing changes due to maternity leave, as well as changes to our programme. Alongside exceeded fundraising targets, this meant that we finished the financial year without spending funds from reserves.

Reserves policy

Travelling Light finished the year with a total funds balance of £454,410 . £59,347 of this was restricted funds carried forward to the next year, leaving £395,063 in unrestricted funds.

Our trustees have set up a Designated Fund for Business Continuity of £140,000, to be spent in the two years of our 2024-26 business plan, while we transition to a new business model away from Arts Council England core funding . £70,000 of this is budgeted to be spent in the financial year 2024-25. Other Designated Funds include carried forward donations from Coutts Foundation and Thresholds (£38,500 ) and a fund representing the value of our fixed assets ( £1,318 ).

12

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

This leaves General Funds of £215,245. The trustees have agreed that £94,237 should be put aside in case of the company needing to wind down, this includes 3 months core running costs, redundancy costs, audit fees and other costs associated with closing the company.

This leaves the remaining General Funds of £121,008 to invest in the charity as needed. This includes providing a contingency if income targets are not met over the next two years, especially to ensure continuity of our projects for the most vulnerable young people while alternative funds are sought (our youth and community programme costs £80,247 to run for one year). The trustees have also agreed a contingency of £10,000 for employee benefits and staffing needs such as maternity and sickness absence and are aware that reserves may also be drawn on in response to external risks such as the ongoing impact of the cost-of-living crisis and rising costs. Our reserves policy is reviewed by our Board on an annual basis.

Governance and Management

The organisation is a charitable company limited by guarantee, incorporated on 12 September 1990 and registered as a charity on 24 October 1997.

The company was established under a Memorandum of Association which sets out the objectives and powers of the company and is governed by the Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding one pound.

The directors of the company are also charity trustees and for the purpose of charity law and throughout this report they are collectively referred to as the trustees. As set out in the articles of association, the number of trustees should not be less than 3 or more than 12. All trustees who have served for three years from the date of their election must retire. A retiring board member shall be eligible for re-election provided he or she has served for a period of less than six years. A trustee who has served six years must retire at the AGM which takes place at the end of their sixth year in office and will be eligible to stand for re-election to the Board of Trustees after one year.

New trustees are recruited from open advertising through partners such as Reach Volunteering and local network Up Our Street. The company endeavours to recruit people who have the necessary skills as well as a keen interest in Travelling Light’s work and a shared belief in our charitable mission and values. New trustees undergo an induction process that begins before they are co-opted and are offered mentoring and/or training until they have settled on to the board.

The Board of Trustees meets 6 times a year, and a Finance Subcommittee also meets prior to board meetings to examine the company finances in detail and make recommendations to the Board. This includes management of financial risk through reviewing progress against fundraising targets and developing new income streams. Staff and board working groups occasionally support specific areas of business development.

13

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

The company’s programme of work is set out in the business plan which is developed by the CEO and staff team in consultation with the Board. This plan ensures that the programme fulfils the company’s strategic aims and guides its direction of travel. Decisions about any significant changes to the plan, particularly finances, must be taken to the trustees for approval. The company now operates a single headed leadership model with a sole CEO reporting directly to the Board.

Organisational risks are reviewed by the trustees on a regular basis and the Finance Committee is also integral to the management of financial risk by scrutinising the financial accounts, fundraising plans and forecasts of the company before they are presented to the full Board. The main categories of our organisational risk register include staffing, programme, financial/fundraising, governance and reputational and these are reviewed on an ongoing basis through board discussion.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

14

Travelling Light Theatre Company

Report of the trustees

For The Year Ended 31 March 2024

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2024 was 24. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as the charitable company's independent examiners during the year and have expressed their willing to continue in that capacity.

Approved by the trustees on 12 September 2024 and signed on their behalf by

Ian Stickland - Chair

15

Independent examiners' report

To the trustees of

Travelling Light Theatre Company

I report to the trustees on my examination of the accounts of Travelling Light Theatre Company (the charitable company) for the year ended 31 March 2024, which are set out on pages 18 to 37.

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 accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts 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 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

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 the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

Godfrey Wilson Limited also provides consultancy and tax services to the charitable company. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

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

16

Independent examiners' report

To the trustees of

Travelling Light Theatre Company

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.

William Guy Blake

Date: 12 September 2024

William Guy Blake ACA

Member of the ICAEW

For and on behalf of:

GODFREY WILSON LIMITED

Chartered Accountants & Statutory Auditors 5th Floor, Mariner House

62 Prince Street Bristol BS1 4QD

17

Travelling Light Theatre Company

Statement of Financial Activities (Incorporating an Income and Expenditure Account)

For The Year Ended 31 March 2024

Restricted
Unrestricted
Note
£
£
Income from:
Donations and Legacies
3
130,829
56,528
Charitable Activities:
4
Productions & R&D
20,000
16,349
Participation & Community
84,928
23,360
Other Trading Activities
5
-
14,672
Investment Income
-
5,244
Total Income
235,757
116,153
Expenditure on:
Raising Funds
-
40,201
Charitable Activities:
Productions & R&D
-
137,703
Participation & Community
229,587
(58,785)
Total Expenditure
7
229,587
119,119
8
6,170
(2,966)
Reconciliation of Funds
Total Funds Brought Forward
53,177
398,029
Total Funds Carried Forward
59,347
395,063
Net Income / (Expenditure) and Net
Movement in Funds		 2024
2023
Total
Total
£
£
187,357
291,017
36,349
77,137
108,288
111,165
14,672
3,875
5,244
1,896
351,910
485,090
40,201
39,553
137,703
199,018
170,802
186,538
348,706
425,109
3,204
59,981
451,206
391,225
454,410
451,206

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16 to the accounts.

18

Travelling Light Theatre Company

Balance Sheet

As at 31 March 2024

Note
Fixed Assets
Tangible Fixed Assets
11
Current Assets
Debtors
12
Cash at Bank and in Hand
Creditors: Amounts Due Within 1 Year
13
Net Current Assets
Net Assets
15
Funds
Restricted Funds
Unrestricted Funds:
Designated Funds
General Funds
Total Funds
16		 £
27,975
448,104
476,079
(22,987)		 2024
£
1,318
453,092
454,410
59,347
179,818
215,245
454,410		 2023
£
2,006
33,369
442,800
476,169
(26,969)
449,200
451,206
53,177
192,006
206,023
451,206

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

For the year ended 31 March 2024, the charitable company was entitled to the exemption under section 477(2) of the Companies Act 2006.

No notice has been deposited under section 476 in relation to its accounts for the year ended 31 March 2024 and no members have requested an audit.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records complying with section 386; and preparing accounts which give a true and fair view of the state of affairs of the company as at 31 March 2024, and of its profit or loss for the financial year in accordance with sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006.

Approved by the trustees on 12 September 2024 and signed on their behalf by

Ian Stickland - Chair

19

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

1. Accounting Policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in 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 2006.

Travelling Light Theatre Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The charity holds unrestricted, general reserves of £211,904, designated reserves that can be drawn down if necessary of £179,818, and a cash balance of £448,104. The charity has received core funding from Arts Council England (Transition funding, April-October 2023) along with core funding from Coutts Foundation and Bristol City Council (for 12 months). Coutts Foundation and Bristol City Council funding is ongoing for another 3 years. In light of this, the trustees consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. For this reason, the accounts have been prepared on the going concern basis.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of performances or services to be delivered is deferred until criteria for income recognition are met.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

20

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

1. Accounting Policies (continued)

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

f) Expenditure and irrecoverable VAT

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.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities.

Expenditure is allocated to the particular activity where the cost relates directly to that activity. Support and governance costs are apportioned on the basis of staff time as follows:

2024 2023
Raising Funds 22% 16%
Productions & R&D 43% 44%
Participation & Community 35% 40%

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Motor Vehicles 7 years straight line
Office Equipment 4 years straight line

Items of equipment are capitalised where the purchase price exceeds £1,000.

i) Debtors

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.

21

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

1. Accounting Policies (continued)

j) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

k) Creditors

Creditors are recognised where the charity 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 are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Financial instruments

The charitable company 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 with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

m) Pension costs

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. Pension costs charged in the financial statements represent the contribution payable by the charity during the year.

n) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

22

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

1. Accounting Policies (continued)

n) Accounting estimates and key judgements (continued)

Depreciation

As described in note 1i to the financial statements, depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. Depreciation rates in operation during the current and prior period were as follows:

Motor Vehicles Office Equipment

7 years straight line 4 years straight line

2. Statement of Financial Activities: Prior Period Comparative

2023
Restricted Unrestricted Total
£ £ £
Income from:
Donations and Legacies 5,276 285,741 291,017
Charitable Activities
Productions & R&D - 77,137 77,137
Participation & Community 93,579 17,586 111,165
Other Trading Activities - 3,875 3,875
Investment Income - 1,896 1,896
Total Income 98,855 386,235 485,090
Expenditure on:
Raising Funds - 39,553 39,553
Charitable Activities
Productions & R&D - 199,018 199,018
Participation & Community 75,136 111,402 186,538
Total Expenditure 75,136 349,973 425,109
Net Income and Net Movement in Funds 23,719 36,262 59,981

23

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

3. Income from Donations and Legacies

Arts Council Transition Funding
Coutts Foundation
General Donations
Bristol City Council
Total Donations and Legacies
Prior Period Comparative
Arts Council NPO Funding
Coutts Foundation
General Donations
Bristol City Council
Total Donations and Legacies		 Restricted
£
120,000
-
10,829
-
130,829
Restricted
£
-
-
5,276
-
5,276		 £
-
38,500
4,428
13,600
56,528
£
205,717
38,600
27,824
13,600
285,741
Unrestricted
Unrestricted		 2024
Total
£
120,000
38,500
15,257
13,600
187,357
2023
Total
£
205,717
38,600
33,100
13,600
291,017

24

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

4. Income from Charitable Activities

Income from Charitable Activities
Productions & R&D:
Grants:
Arts Council Project Grant
Patricia Routledge Trust
Performance Fees & Sales
Theatre Tax Credit
Royalties
Total Productions & R&D Income
Participation & Community:
Workshop and Performance Fees
Postcode Local Trust
The Nisbet Trust
Backstage Trust
Children in Need
Bristol City Council: Holiday Activities Fund
Bristol City Council: Louder than Words
WECIL
The D'Oyly Carte Charitable Trust
Joyce Fletcher Charitable Trust
John James Bristol Foundation
The Morel Trust
BYCA
Burges Salmon Charitable Trust
Paul Hamlyn Foundation
Total Participation & Community Income		 Restricted
£
18,000
2,000
-
-
-
20,000
Restricted
£
-
19,984
15,000
15,000
9,989
8,692
716
4,000
3,500
3,000
2,000
2,000
750
200
97
84,928		 £
-
-
3,450
11,773
1,126
16,349
£
23,360
-
-
-
-
-
-
-
-
-
-
-
-
-
-
23,360
Unrestricted
Unrestricted		 2024
Total
£
18,000
2,000
3,450
11,773
1,126
36,349
2024
Total
£
23,360
19,984
15,000
15,000
9,989
8,692
716
4,000
3,500
3,000
2,000
2,000
750
200
97
108,288

25

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

4. Income from Charitable Activities: Prior Period Comparative

Productions & R&D:
Performance Fees & Sales
Theatre tax credit
Royalties
Total Productions & R&D Income
Participation & Community:
Paul Hamlyn Foundation
Workshop and Performance Fees
Children in Need
Garfield Weston
The Nisbet Trust
Bristol City Council
Joyce Fletcher Charitable Foundation
John James Bristol Foundation
Burges Salmon Charitable Trust
Total Participation & Community Income		 Restricted
£
-
-
-
-
Restricted
£
60,000
-
10,704
10,000
4,883
3,482
3,000
1,310
200
93,579		 £
48,330
27,033
1,774
77,137
£
-
17,586
-
-
-
-
-
-
-
17,586
Unrestricted
Unrestricted		 2023
Total
£
48,330
27,033
1,774
77,137
2023
Total
£
60,000
17,586
10,704
10,000
4,883
3,482
3,000
1,310
200
111,165

5. Income from Other Trading Activities

Van Hire
Room Hire
Sundry Hires
Total Other Trading Income		 2024
£
8,744
5,568
360
14,672		 2023
£
2,650
1,225
-
3,875

All income from other trading activities in the current and prior year was unrestricted.

26

Travelling Light Theatre Company

Notes to The Financial Statements

For The Year Ended 31 March 2024

6. Government Grants

The charitable company receives government grants comprising Openness funding made by the local authority and funding from Arts Council England. The total value of these grants is shown below. There were no unfulfilled conditions or contingencies attaching to these grants in the current or prior year.

2024 2023
Restricted Unrestricted Total Total
£ £ £ £
Arts Council Transition Fund 120,000 - 120,000 -
Arts Council Project Grant 18,000 - 18,000 -
Bristol City Council: Openness - 13,600 13,600 13,600
Bristol City Council: Holiday Activities Fund 8,692 - 8,692 3,482
Bristol City Council: Louder than Words 716 - 716 -
Arts Council NPO Funding - - - 205,717
Total Government Grants 147,408 13,600 161,008 222,799

27

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

7. Total Expenditure

Staff Costs (Note 9)
Touring & Production Costs
Rent, Rates, Heat & Light
Telephone, Postage & Stationery
Repairs & Maintenance
Accountancy
Professional Fees
Training & Recruitment
Affiliations & Subscriptions
Marketing
Insurance
Hospitality
Computer Software & Support
Travel & Subsistence
Depreciation
Irrecoverable VAT
Subtotal
Reallocation of support and governance costs
Total Expenditure		 Raising Funds
£
21,673
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
21,673
18,528
40,201		 £
82,277
4,493
3,875
577
84
-
-
417
-
5,271
184
308
362
3,278
-
-
101,126
36,577
137,703
Productions &
R&D		 £
121,073
1,229
5,013
1,133
135
-
-
1,578
-
8,706
179
430
755
842
-
-
141,073
29,729
170,802
Participation &
Community		 £
30,786
366
20,191
5,513
700
3,914
5,320
2,509
1,181
1,283
1,758
2,214
2,630
2,511
688
3,270
84,834
(84,834)
-
Support &
Governance		 2024 Total
£
255,809
6,088
29,079
7,223
919
3,914
5,320
4,504
1,181
15,260
2,121
2,952
3,747
6,631
688
3,270
348,706
-
348,706

Total governance costs in the year were £3,428 (2023: £2,150).

28

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

7. Total Expenditure: Prior Period Comparative

Staff Costs (Note 9)
Touring & Production Costs
Rent, Rates, Heat & Light
Telephone, Postage & Stationery
Repairs & Maintenance
Bank Charges
Accountancy
Professional Fees
Training & Recruitment
Affiliations & Subscriptions
Marketing
Insurance
Hospitality
Computer Software & Support
Travel & Subsistence
Depreciation
Irrecoverable VAT
Subtotal
Reallocation of support and governance costs
Total Expenditure		 Raising Funds
£
26,167
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
26,167
13,386
39,553		 £
125,558
16,900
2,970
463
28
10
-
-
842
-
11,335
235
315
29
3,521
-
-
162,206
36,812
199,018
Productions &
R&D		 £
138,451
1,512
1,257
173
65
-
-
-
1,754
-
6,883
-
412
173
2,392
-
-
153,072
33,466
186,538
Participation &
Community		 2023 Total
£
£
23,648
313,824
-
18,412
25,859
30,086
5,152
5,788
1,153
1,246
9
19
2,720
2,720
1,788
1,788
3,902
6,498
1,523
1,523
5,778
23,996
1,892
2,127
2,126
2,853
3,648
3,850
2,156
8,069
1,621
1,621
689
689
83,664
425,109
(83,664)
-
-
425,109
Support &
Governance

29

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

8. Net Movement in Funds

This is stated after charging:

Net Movement in Funds
This is stated after charging:
2024 2023
£ £
Depreciation 688 1,621
Operating Lease Payments 654 654
Trustees' Reimbursed Expenses Nil Nil
Trustees' Remuneration Nil Nil
Independent Examiners' Remuneration (Excluding VAT):
Independent Examination 2,250 2,150
Accountancy Services 1,664 570

9. Staff Costs and Numbers

Salaries and Wages
Social Security Costs
Pension Costs
Freelance Fees		 2024
2023
£
£
196,838
239,333
7,998
10,415
8,942
8,796
42,031
55,280
255,809
313,824

No employee earned more than £60,000 during the year (2023: Nil).

The key management personnel of the charity are considered to be the trustees and the CEO. The total employee benefits for the key management personnel during the year were £44,653 (2023: £71,320, which also included the Artistic Director).

The average head count for the year was 15.4 (2023: 20.8).

2024 2023
No. No.
Average number of employees (full-time equivalent) 5.5 6.9

10. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

30

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

11. Tangible Fixed Assets

Cost
At 1 April 2023 and 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net Book Value
At 31 March 2024
At 31 March 2023
12. Debtors
Trade Debtors
Prepayments
Other Debtors
13. Creditors : Amounts Due Within 1 Year
Trade Creditors
Other Creditors
Accruals
Other Taxation & Social Security
VAT
Deferred Income (Note 14)		 £
23,548
21,542
688
22,230
1,318
2,006
Equipment		 Motor
Vehicles
£
30,285
30,285
-
30,285
-
-
2024
£
11,488
3,667
12,820
27,975
2024
£
2,921
916
11,432
2,278
2,123
3,317
22,987		 Total
£
53,833
51,827
688
52,515
1,318
2,006
2023
£
2,531
3,805
27,033
33,369
2023
£
2,329
856
14,825
2,966
4,643
1,350
26,969

31

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

14. Deferred Income

At 1 April 2023
Deferred Income during the year
Released during the year
At 31 March 2024		 2024
2023
£
£
1,350
5,250
3,317
1,350
(1,350)
(5,250)
3,317
1,350

Deferred income relates to performances or services invoiced before the year end, but to be delivered in a later period.

15. Analysis of Net Assets Between Funds

Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets at 31 March 2024
Prior Period Comparative
Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets at 31 March 2023		 Restricted
Funds
£
-
59,347
-
59,347
£
-
53,177
-
53,177
Restricted
Funds		 Designated
Funds
£
1,318
178,500
-
179,818
£
2,006
190,000
-
192,006
Designated
Funds		 £
-
238,232
(22,987)
215,245
£
-
232,992
(26,969)
206,023
General
Funds
General
Funds		 Total
Funds
£
1,318
476,079
(22,987)
454,410
Total
Funds
£
2,006
476,169
(26,969)
451,206

32

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

16. Movements in Funds
Restricted Funds
Paul Hamlyn Foundation
Garfield Weston
The Nisbet Trust
Big Give Christmas Campaign
Children in Need
Bristol City Council: Holiday Activities Fund
John James Bristol Foundation
Arts Council England: Transition Fund
Arts Council England: Project Grant
Burges Salmon Charitable Foundation
Bristol City Council: Louder than Words
Summer Cycling & Walking Campaign
The D'Oyly Carte Charitable Trust
The Morel Trust
BYCA
Postcode Local Trust
Bristol City Council
Backstage Trust
Patricia Routledge Foundation
Designated Funds:
Business Continuity Fund
Coutts Foundation
Threshold Donation
Fixed Assets Fund
Total Designated Funds
General Funds
Total Funds
Joyce Fletcher Charitable Trust
Total Restricted Funds
Unrestricted Funds
Total Unrestricted Funds		 At 1 April
2023
£
30,986
7,500
3,524
3,000
2,875
2,735
1,752
805
-
-
-
-
-
-
-
-
-
-
-
-
53,177
140,000
30,000
20,000
2,006
192,006
206,023
398,029
451,206		 £
97
-
15,000
3,000
7,670
9,989
8,692
2,000
120,000
18,000
200
716
3,159
3,500
2,000
750
19,984
4,000
15,000
2,000
235,757
-
38,500
-
-
38,500
77,653
116,153
351,910
Income		 £
(31,083)
(7,500)
(8,524)
(1,895)
(10,545)
(9,555)
(9,180)
(805)
(120,000)
(18,000)
-
(716)
-
-
-
(750)
(5,034)
(4,000)
-
(2,000)
(229,587)
-
(38,500)
-
(688)
(39,188)
(79,931)
(119,119)
(348,706)
Expenditure		 At 31
March
2024
£
£
-
-
-
-
-
10,000
-
4,105
-
-
-
3,169
-
1,264
-
2,000
-
-
-
-
-
200
-
-
-
3,159
-
3,500
-
2,000
-
-
-
14,950
-
-
-
15,000
-
-
-
59,347
-
140,000
-
30,000
(11,500)
8,500
-
1,318
(11,500)
179,818
11,500
215,245
-
395,063
-
454,410
Transfers
Between
Funds

33

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

16. Movements in Funds: Prior Period Comparative

Restricted Funds
Paul Hamlyn Foundation
Garfield Weston
The Nisbet Trust
Big Give Christmas Campaign
Children in Need
Bristol City Council: Holiday Activities Fund
John James Bristol Foundation
Awards for All: ActionSpeak
Bristol City Council: Louder than Words
Burges Salmon Charitable Foundation
Total Restricted Funds
Unrestricted Funds
Designated Funds:
Business Continuity Fund
Coutts Foundation
Threshold Donation
Fixed Assets Fund
Freelance Production Support
Investment in Key Equipment
Research and Development
Training Fund
Website
Total Designated Funds
General Funds
Total Unrestricted Funds
Total Funds
Joyce Fletcher Charitable Trust
Joyce Fletcher Charitable Trust: Action
Speak		 At 1 April
2022
£
18,960
-
-
-
-
4,237
-
-
4,261
-
-
2,000
29,458
-
31,659
-
3,627
20,000
15,000
20,000
5,000
40,000
135,286
226,481
361,767
391,225		 £
£
60,000
(47,974)
10,000
(2,500)
4,883
(1,359)
3,000
-
5,276
(2,401)
10,704
(12,206)
3,182
(1,430)
1,310
(505)
-
(4,261)
300
(300)
200
(200)
-
(2,000)
98,855
(75,136)
-
-
-
(1,659)
20,000
-
-
(1,621)
-
-
-
-
-
-
-
-
-
-
20,000
(3,280)
366,235
(346,693)
386,235
(349,973)
485,090
(425,109)
Expenditure
Income		 £
-
-
-
-
-
-
-
-
-
-
-
-
-
140,000
-
-
-
(20,000)
(15,000)
(20,000)
(5,000)
(40,000)
40,000
(40,000)
-
-
Transfers
Between
Funds		 At 31
March
2023
£
30,986
7,500
3,524
3,000
2,875
2,735
1,752
805
-
-
-
-
53,177
140,000
30,000
20,000
2,006
-
-
-
-
-
192,006
206,023
398,029
451,206

34

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

16. Movements in Funds: Purposes of Restricted Funds

Paul Hamlyn Foundation A grant to support Light Up School Learning programme - Teacher Development Fund.

Garfield Weston A grant to support our programme of activities within Bristol. The Nisbet Trust A grant to support community activities in Barton Hill Bristol. Joyce Fletcher Charitable A grant to support Louder than Words programme for disabled children. Trust Big Give Christmas Donations received in 2022 as part supported community activities in Barton Hill Campaign Bristol in 2023, and donations received in 2023 supported our tour of Igloo to nurseries and community settings in 2024.

Children in Need A grant to support Louder than Words programme for disabled children.
Bristol City Council: A grant to support holiday activities for children in Barton Hill in 2023.
Holiday Activities Fund
John James Bristol Grants to support Louder than Words programme for disabled children.
Foundation
Arts Council England: Transition grant, to support business development and delivery of our established
Transition Fund programme from April - October 2023.
Arts Council England: Project grant to support Igloo, our touring production to community venues and
Project Grant early years settings, January - February 2024.
Burges Salmon Charitable Grant to support Louder than Words programme for disabled children.
Foundation
Bristol City Council: Grant to support additional staffing costs for one participant in the Louder than
Louder than Words Words programme.
Summer Cycling & Walking Donations received from two summer fundraising campaigns to support Louder
Campaign than Words programme for disabled children.
The D'Oyly Carte Grant to support Louder than Words programme for disabled children.
Charitable Trust
The Morel Trust Grant to support Louder than Words programme for disabled children.

35

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

16. Movements in Funds: Purposes of Restricted Funds (Continued) BYCA A grant via Quartet to support half-term activity programmes, May 2023 - February 2024. Postcode Local Trust Grant to support delivery of our community activities including 7-10s youth theatre group. Bristol City Council A grant for the Summer Drama Workshop Pilot, delivered in partnership with WECIL. Backstage Trust Grant to support delivery of our youth theatre programme. Patricia Routledge Grant to support Igloo, our touring production to community venues and early Foundation years settings, January - February 2024. Movements in Funds: Purposes of Designated Funds Business Continuity Fund Fund set up to support Travelling Light's core charitable work and business development in 2023-26 while the company transitions from being core funded by Arts Council England to a new business model. Coutts Foundation Unrestricted income over 3 years from the Coutts Foundation for charitable activities. Threshold Donation Unrestricted donation from Thresholds for charitable activities. Fixed Assets Fund This fund represents the net book value of fixed assets.

36

Travelling Light Theatre Company

Notes to the Financial Statements

For The Year Ended 31 March 2024

17. Operating Lease Rentals

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2024
£
654
1,143
1,797		 2023
£
654
1,797
2,451

18. Related Party Transactions

During the year, four trustees donated £444 in total to the charity during the year (2023: nil). There were no restrictions attached to these donations.

37