FEVERED SLEEP Rtglstered Ctsmpmy No. 3524224 (England and Wales) Regislered Charity No 11)69144 FEVERED SLEEP (A CHARtTABLE COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 MARCH 2022 ABHQ08HE' 2811112022 COMPANIES HOUSE A15
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FEVERED SLEEP CHARITY INFORMA TION Trustees Ros Attille Natasha Freedman Nicole Fu {appointed 27 July 2021) Glenda King (resigned 27 July 2021) Conrad Lynch Selina Ocean (appoinied 27 July 2021) Angela Mcshery (Chair. resigned 19 October 2021) James Simpson Bernadette Taylor (appointed 10 May 2022) Alex Tyrrell Peie Staves (resigned 4 May 2021) Céline Gagnon (Interim Chair) Secretary Dirnity Nicholls Key management personnel David Haadine, Co-Artistic Director/CEO Sam Butler. Co-Artislic Director Dimity Nicho115, Executive Director 3524224 (England and Wales) 1069144 Registered company nllmber Registered eharity number Registered office 15A Old Ford Road London E2 9PJ Independent ex2min¢rs Simpson Wreford LLP Wellesley House Duke of wellinOn Avenue Royal Arsenal London SE186SS Bankers Triodos Bank Deanery Road Bristol BSI SAS Shawbrook Bank Limited (CAF) Lutea House Warley Hill Business Park The Drive Brentwood. Essex, CM13 3BE The Charity Bank Limited Fosse House 182 High Sireet Tonbridge, TN9 1 BE
FEVERED SLEEP CONTENTS Pgg¢ Trustees, Report Independent examiners rew)rt Statement of Financial Activilies Balance sheet 10 Statement of Cashflows Notes to the financial statements 12-20
FEVERED SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees aff pleased to present their annual directors, report tO8ether wlth the financial statements of the charity for the year ending 31 March 2022 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charitie5 Act 2011, the Companies Act 2006. the Memorandum and Articles of Association. and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I land (FRS102). Structure. governan¢e and managemenl Governlng document Fevered Sleep (the charity) was fonned in April 1998 and is gIstered wilh ihe Charity Commission of England and Wales under re8lStrdtion number 1069144. It is a company limited by guaranree (company registration number 3524224 (England and Wales)) and is governed by its Memorandum and Articles of Association. The head office. which is also the registered office, is currently at I SA Old Ford Road. London, E2 9PJ. Truslees The Trustees (who were also directors for the purpose of company law) who served the charity during the period were as follows: Ros Attille Natasha Freedman Nicole Fu Glenda King Conrad Lynch Selina Ocean Angela Mcsherry (Chair) James Simpson Bernadette Taylor Alex Tyrrell Pete Staves Céline Gagnon Day to day management of the charity is the responsibility of Dimity Nicholls, Executive Director Truslee Recruitn1, appoinlménl and Induction Trustees are recruited in line wilh our Equity, Diversity and Inclusion policy, and initially interviewed by the Chair, CEO and Executive Direclor. They are then invited to observe a Irustees meeting before being voted onto the board by Iwo existing trustees. A full induclion tskes place ahead of the following rneeting. Objects and activities To advance education for the public benefit by ihc promotion of the arts, in particular but not exclusively the art of drdma. The Trustees have cornplied with their duty in section 17 of the Charities Act 2011 to have due gard to the public benefit guidance published by the Charities Commission.
FEVERED SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 Achievements and performance This year 42,456 people engaged with our work through perfom)ances. participatory projects. film screenings. publications. talks and conferences, our websiie. so¢ial media, apps and online events. We directly engaged 1.663 people in person. with 40,793 people engaging digitally. Engagement: AudieDCfy Participation nd Digital Summary of figure5 Project Event Name VlewslTlckets Brilliant Film screenings 214 Il's the Skin You're Living in On Ageing Film views on website 45 Film views on website Sheep Pig Goal Film views on website 149 B Tender Solitudes Film Sereenin9s x 11. FS and lour to venues I festNals 'Online. Grief Gatherings. Conversations, Performances. Dance filrn. audio perfomiance. In person.. Grief Gathering. artisls sharirJ perfomiances. 3 x market stalls 3.867 ,'This Grief Thing 1,147 Thi$ Grief Thing 5251 The Heakh Tree Two n*ure walks 35 ,We Are Not Finished In pefson.. audilKins of 75 CYPS plus 5 sh¢)WS 868 Gestures Care Home Collaboration. poslavdigrtal 100 Iconsullancy, workshops elc. Olher Youlubemimeo wews From FS websile 4,841 Social Media followerslsubscribe 9,336 ,Annual visils to FS website TOTAL The impa¢t of Covid-19 The Covid-19 pandemic coniinued to affect our work, as various levels of public health restrictions were in place across the year. l( pui enomious pressure on our team.. working from home increased their workload and created some anxiety and social isolation. We were unable to raise income from trusts and foundations, as they focussed their attention on front line needs, and commissions were postponed. reduced or cancelled. When restrictions were temporarily lifted in the autumn, and with the support of funding from the Culture Recnvery Fund. it enabled us to present the first iieraiion of our new work We Are Nol Finished for a successful run at The Place in London. We hosted a night for invited guests including poieniial partner5 and commissioners.
FEVERED SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 Presentalion of work Despile these difficult circurnstances, we presented a successful programme with 9 UK partners across 5 regions. one intemalional partner (for digital work) and 18 freelance artists. Highlights of our activities include- This Grief Thing is a project that aims to encourage people to accept grief as a healthy reSnSe to dealh which doesn't need to be silenced. hidden or ignored. In 2021 we reimagined This Grief Thing for Covid times and for London. Alongstde more online Grief Gatherings with previous guests hosts and new hosts Tian Glasgow, Tabby Lamb, and Lou Robbin. We commissioned artists Rayvenn D'clark and Akshay Shama to make new projects in response to the theme of grief and presented these in June '21 at the Pavillion of Remembrance in Thames Barrier Park. Newham. We also hosted a series of online dialogues between a whole rnnge of 'grief experts, including academics George Gumisiriza and Linda Machin. curalor Amy de la Haye. death doula Amanda Blainey. photographer Simon Bray. artists Paula Varjack and Priya Jay and philosopher Will Daddario. We reimagined our shop as a market stall, which appeared in Roman Road, Brick Lane and Bethnal Green Road street markets in the east London borough of Tower Hamlets. The stalls were hosted by our artistic directors David and Sam along with community engagemenl associate Nurjahan Julie Begum. Grief Gatherings are small group conversations about grief hosted by David and Sarn, and by guest hosts. They're a chance for people to come together to talk. learn and think aboLtt grief. During this year. Grief Gatherings took place onlin¢ and in outdoor spaces. We offered them in partnership with many other organisations. including Si Margar¢t'5 Hous¢. Stratford Circus. Royal Docks and Artsdepot. In partnership with The Good Grief Trust. we commissioned grnphic designers Fraser Muggeridge Studio to create a set of large-fomiat posters. We took over billboards and poster sites. to make grief visible in public spaces. so that people who would never visil a shop or tske part in a grief gathering or attend a commissioned perfomiance can still encounter the project and its Ihemes. and still be invited to ihink, leam and talk about grief. They appeared during the summer of 2021, in English and Bengali. at sites amund IA>ndon and Tower Hamlets, to complement the market stalls. We Are Ivot Finished foregrounds ¢hildren'5 resistan¢¢ to a stalus quo that has failed them. It's about children a5 polilical agenls with radical imaginalions. fierce opinions and wild hopes. In November 2021. we presented five live shows at The Place, London. with a cast of 13 non- professional children and young people. Geslures We are one of four arts partners working with Magic Me on a three-year residency projecl exploring louch in care homes in Essex. The original three years was extended to four as the pandemic affected our ability to work within the care home. with residents and staff. The project is funded by Paul Hamlyn Foundation. Artists Petra Soor and Akshay Shama produced visual arts pack4 photography and film to Share with residents. in readiness to restsrt in-per50n activity as soon as r¢stri¢tions allow¢d. 8 Tender Solilmdes This film exploring touch, and what we lost in the pandemic when touch was denied us, was toured and screened digitally with several arts partners. including Th¢ Lowry in Salford. (ktagort Theatre in Y¢ovil. Dance4 in Nottingham. Cambridge Junction and the Sydney Opera House.
FEVERED SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Healih Tree A social prescribing partn¢r5hip with St Margaret's House and several Tower Hamlets based arts and wellbeing organisations. with primary care services in east London. We delivered three walks in nature. focussing on drawing, lighL sound and the senses. Consuliancyj leadership and thlvocdcy.. In 2021-22, our Co-Artisti¢ Diffctors Sam Butler and David Harradine led the following professional development sessions- Dolphin School workshop. Sunday Alternative. Choreography of Care Symposium in Dijsseldorf. Gerniany. Producing Theatre for Children workshop for the British Council- Camden Arts Centre work5hop- Prdctice Research Workshop for PhD students ai Royal Central School of Speech & Drama. Digital Creatives research workshop5. Bradford- professional development workshop for Japanese iheatre maker5. Creative Consultation workshop for Leeds23 Children's Day. Postponed Projects: Due to the impact of Covid-19, the following projKts We put on hold unlil later in 2022. The Instiluie of Eyerything Our school residency programme championing creativity and critical thinking. with Clifton Green Primary School in YorL r¢maiDed on hold in 2021122. Funding has been identified io reslart ihis project in Autumn 2022. The Sky Is Filled Wilh Thunder A mulii-layered audio artwork about home. migration. family history. hop¢. anger. fear and joy. which Celebrates and foregrounds ihe voices of children. Our commission from Greenwich + Docklands International Festival. originally for August 2021. was posiponed. We will present the first public iteration in 2022.
FEVERED SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 M#na erial re We successfulSy raised £219,000 of Arts Council England's Cultural Recovery Fund (CRF) emergency funding, which enabled us to present We Are Noi Finished ai The Place and create film version of that project. CRF funding also supported This Grief Thing activity and Inslilule of Everyihip7g project managemenL for activity in 2022-23. We remain associate artists at Royal Central School of Speech and Drama. University of London. Our association provides us with an annual fee and the ability to apply for research grants. to deliver research ouicomes through our practice. Our office at 15A Old Ford Road since 4th March 2020 has provided secure and cost-effective accommodation from which to operate. We are one of many voluntsry and art5 sector organisations based at the community hub. Si Margaret's House. Future Plans Many of Fevered Sleep's plans continued to be postponed in 2021-22. so 2022-23 is a year to build back our programme and audiences. We will capithlise on the success of We Are Not Finished through a residency al Brighton Festival in May 2023 or beyond, and a tour of the film version, to generate income and further raise ihe profile of the company. Further organisalional development will enable our expansion into wider digital markets and offer broader digital contenL including a pilot podcasL and online fora for young people. We will launch a publication in 2023 with Performance Research Books as part of their 'lnside Performance Practice. series. The book will combine texl, crilical fleC110ft. scholarly and theoretical analysis of the practice, the voices of partners, praciitioners and participants. and the views of the makers. We are also developing new projects in partnership with Leeds 2023 Festival and with West Kowloon Cultural Distrid in Hong Kong. We plan to develop and promote a wide range of items in our online shop, including publications, clothing. cards and accessories. We intend for this digital strand to open up new opportunities to increase earned income as well as accessibility. participation and engagement in our projects. Fevered Sleep starts the next financial year with a strong financial foundation and is a going concern. Financial Review For the year ended 31 March 2022 the total income was £474.354 (in addition to £304.637 brought forward), this cornpare5 to the previous year when gross income toialled £339.398. There were no restricled funds brought forward. We are showing £243.019 of funds remaining at year end. These funds will be used to support the work of the company from 2022-23. all of these funds are unrestricted fiinding (Arts Council England). General free reserves amount to £143.019. and total designated reserves now total £ 100,000 (pSease see reserves policy below). Eamed income (£39,305) was significantly higher than in 2020-21 (£18,954).
FEVERED SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 Risk assessmenl, d¢prttiation. banking and reserves p)licy The company is dependent on project funding to support ils activities but has controls in place to rnanage the risks associated with a shortfall in funding. The Board of Director's finance sub- committee reviews accounts thoroughly each quarter, financial syslems are vieWed anually and the Board is kept infornied of the financial position of the company ihrough quarterly management accounts and reports. The company has established a depreciation policy to optimise any capital expenditure over £2,000. A Canon Mark IV camera was purchased in the year for £3,300. tk5ignatd reserves of £ I00.(KKJ have been retained at the end of 2020-21. These reserves are only releasable by the board for the following: £85,000 core operdling costs for three months to fulfil all necessary commiimenis in the event of the demise of the company; £15,000 strategic reserve to support work which the board decides is of strategic artistic value. Trustees, Re5pon$ibilities The trustees are responsible for preparing the Trustees, Annual Report and the flnancial statements in accordance with applicable law and regulations and in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdciice). Company law requires the charity trustees lo prepare financial ststements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expendiiure of the charity for that period. In preparing the financial ststements the trustees are required to.. select suitable a¢counting policies and then apply them consistently- observe ihe methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. slate whether applicable accounting slandards have been followed subject io any material departures disclosed and explained in the financial statements- and prepare the financial ststements on the going concem basis unless it is inappropriate to presume the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with aSOnable accuracy at any time the financial position of the charity and enable them to ensu that the financial stalements comply with the Companies Aci 2006. They are also responsible for safeguarding the assets of ihe charity and hencE taking reasonable steps for the prevention and detection of fraud and other irregularities.
FEVERID SLEEP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company'5 website. Legislation in ihe United Kingdom goveming the preparation and dissemination of financial Statements may differ from legisl*ion in other jurisdictions. So far a5 each Trustee 15 aware, there is no relevant inforn)ation (inforniation needed by the charity's independent examiners in connection with preparing their report) of which the Charity's examiners are unaware- and each director has taken all the steps ihat they oughi to have iaken as a director in order to make themselves aware of any relevant audit infomialion and to estsblish that the eharity's examiners are aware of that infom]ation and to establish that the charity's examiners are aware of that infonnation. Independent Examine Simpson Wf0rd LLP were appointed as Independent Examiners during the year and have expressed their willingness to continue in that Capacity. The above port has been prepared in accordance with the special provisions ofsection 419(2) of the Companies Act 2006 relating to srnall comp3nies. Dale approved by the Board on . CoF)rad Lynch - Inlerim Co-chair
FEVERED SLEEP INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF FEVERED SLEEP FOR THE YEAR ENDED 31 MARCH 2022 I report to the charity trustees of the company for the year ended 31 March 2022. which are set out on pages 7 to 18. Responsibilities and bas ofreport As the charity's trustees of the company (and also its directors for the purposes of company law) you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'th¢ 2006 Act.). Having satisfied myself thai the accounts of the company a not required to be audited under Part 16 of the 2(K)6 Act and are eligible for independent examination. I report in respe¢i of my examination of your charity's awounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act,). In carrying out my examination I have followed the Direction5 given by the Charity Commission under seciion 145(5)(b) of the 201 l Act. Independenl examiner's report Since the 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 confim) 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 compleied my examination. I confirm ihat no matters have come to my attention in connection with the examination giving me uSe io believe: { l) 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 a¢countin8 records. or {3) the accounts do not comply with the accounting requirements of section 396 of the 2006 A¢1 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an indep¢Tent examination. or (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for a¢untIng and reporting by chariEies applicable to charities preparing their ac¢ouniS in accordance wilh the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this rert in order to enable a proper understanding of the account to ched. Kate Taylor FCA For and behalf of Simpson Wreford LLP. Chartered A¢¢ouDt*D¢s Institute of Chartered AcUnts in England and Wales Wellesley House Duke of Wellington Aven London, SE18 6SS Daled:
FEVERED SLEEP STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022 Unrestricted Restricted Funds Funds Totsl fvnds Tolal ndS 2022 2021 INCOME DonatiotL8 a1 kga¢iES charitab activit¢S Investrnents Otr TOTAL INCOME 429.430 39J05 429,430 39J05 317,998 18954 1581 4.810 474J54 4310 474J54 339J98 EXPENDITURE ON: Furxtraising ChaTitabk activit5 Other TOTAL EXPENDITURE 534.( lJ63 535.972 534,6( lJ63 535972 293.664 3214 296,878 NET INCOMEI{EXPENDITURE) (61fi18) (61fj18) 42520 Transfers bee¢rt fuTxts NET MOVEMENT IN FUNDS 61,618 61.618) 42520 RECONCILIATION OF FUNDS Tothl funds IYou frmward Totgl hnds c¥rri¢d forwan1 304,637 243,019 304,637 243.019 262,117 304.637 The resuhs for the year derive from cont8 aciryitrs. there are rKJ (Kher or k)sses other Ihan those shown ab)ve.
FEVERED SLEEP BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Fixtd A$$ets Tangli )le Fixed Assets 1,965 Current Assels Debiors Cash at bank and in hand 39.401 214,402 253104 14,107 293.848 307.955 Cr¢dl¢orJ Amwits falling due within one year (15J92) (5283 Net current assets 23&412 3ff2.6r2 Total net wsets 243 019 The Funds of the Cbarity Unrestrtied Fwids Restricted Funds 243.019 3(hl,637 243.019 3(hi,637 For the year ending 31 March 2022 the wmpany was entitled to exemption from audit under section 477 of the Companies Act 21K16 relating to small companies. The directors acknowledge ihcir responsibilities for complying wilh the rquirements of ihe Act with respect to accounting records and the preparation of financial statements. The tru¢¢$ have not required the company to obtain an audit of its financial statements for the year in qU¢Sfion in accordance with seciion 476 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regimes The fi ancial sratements on pages 10 to 21 were 8pproved by the board of trustee5 on. ql Nkntsty,.. Irfu...and were signed on its behalf by nrad Lynch Company registraiion number- 3524224 (England and Wales) 10
FEVERED SLEEP STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2022 Notes 2022 2021 Cash used operatill8 4¢1ivi¢ies Net cash prov#kd byl(wd in) cFratI a¢tivitts 16 5,985 58,544 C&sh flo from InvestiThg aetivitles Interest iKome 1581 Purcl&se of red assets 5.701 Di8p)sal of tan8bk red assets 1,431 C¥h prov*ltd byl (used) in inv¢s¢iTrg xtivitits 3.461 lJ66 Ire¥s¢ n cash a1 cash equivaknts in the y¢#r (79,446) 57,178 Cash and cash equivaknts at the be81in1 of the year 293848 236fi70 Total cash aThl Cash equivaknts at eNI of th2 aT 214,4tr2 293.848
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 l Aeeounting policie5 1.1 Company infonnation Fevered Sleep is a company limited by guaranlee. incorporated in England and Wales and registered as a charity with the Charities Commission. The registered otTi¢e is 15A Old Ford Road. London E2 9PJ. 1.2 Basis of preparation of financial statements The financial statements have been prepared in ac£ordan¢e with Accouniing and Reporting by Charities: Statement of Re¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republio of Ireland (FRS102) - (Charities SORP (FRS102)). the Financial Reporiin8 Sondard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements are prepared in sterling. which is the functional ¢urren¢y of the company. Monetary amounts in the financial stafrments are rounded to the nearest £. The effects of events relating to the year ended 31 March 2022 which occurred before the date of approval of the financial stslements by Ihe Trustees has been included in the financial statemenis io ihe extent reqUId to show a true and fair view of the sthte of affairs ai 31 March 2022 and the results for ihe year ended on thai dale. Fevered sleep meets the defjnition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounling policy note(s). 1.3 Income Income is recognised when the chariiy is legally eniiiled io the funds. any performance conditions attached to the item(s) of income have been met. it is probable ihai the income will be received and the amount can be measured reliably. Except as follows.. Donations are received by way of donations and gifts and is included in full in the Statement of Finan¢ial Activities when receivable. Charithble activity income is recognised in full in the Statemenl of Financial Activitie5 in the period in which is specified by the donor. When donors impose conditions which have to be fulfilled before ihe charity becomes entitled to use such income. the income is deferred and noi included in incoming resources uniil the p-cOndItIOnS for use have been met. When donors specify that donalions and grants a for a particular restricted purpose Ihis income is included in incoming resources of restricted funds when receivable 1.4 Donated 5erviees and facilities Donated professional services and donated facilities are recognised as income when the charity has control over ihe item. any conditions associaied wilh the donated iiem have been met. the receipt of economic benefit from the use by the charity of the item is 12
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 probable and that economic benefit can be measured reliably. In accordance with the Charities SORP {FRS 102). the general volunteer time of volunteers is not recognised. On receipt, donaled professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount is then Tecognised in expenditure in the period of receipt. l.S Expenditure Expenditure 15 recognised once there is a legal or conslructive obligation to make a payment lo a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Certain expenditu is directly attributable to specific activities and has included in those cost categories. Certain other costs, which are attributsble lo more than one activity, are apportioned across cost categories on the basis of staff costs spent on those aclivilies. Expenditure is classified under the followin8 activity headings: Charitable activities costs include the direct cost of providing services as well as a Share of overheads. Other costs include the cost of MPliance with the charity's constitutional and slatulory requirements. The cost of fundraising relates to the costs incurred by the charity in raising funds for charitable work. 1.6 Tangible fixed assets and depreeiatton Fixed assets are valued at cost, with impairnient reviews perfonned annually. It is the policy of the cornpany to provide depreciation at the following annual rate in order to write off each asset over its estimated useful economic life. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets. less their estimaied residual value at 250/0 per annum on a reducing balance basis. 1.7 Foreign eurrencie5 Assets and liabilitie5 in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange diffenCeS are considered in arriving at the operating profit. 1.8 Debtors Trade and oiher debtors are recognised at the settlement amount due. Prepayments are valued ai the amount prepaid. 1.9 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maiurity of ihree monihs or less frorn ihe date of acquisition or opening of the deposit or similar account. 13
FEVERED SLEEP . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 1.10 Creditors and provisioDS Creditors and provisions are recognised where the charity has a present obliga¢ion resulting from a past event ihat will probably resuli in ihe Iransfer of funds to a Ihird party and the amouni due to settle the obligation can be measured or e5limated reliably. Creditors and provisions are norn]ally recognised at their settlement amount after allowing for any trade discounts due. 1.11 Financial instrnments The charity only has financial asseis and financial liabililies of a kind ihat qualify as basic rinancial instruments. Basic financial inslruments are initially recognised at transaction value and subsequently measured at their settlement value. 1.12 Pensions The company operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of ihe scheme. 1.13 Fund accounting General funds are unrestricted funds which are available for use ai the disereiion of Ihe Trustees in furtherdnce of the generdl objects of the Chariiy and which have not been designated for other purposes. Restricted funds are funds which are to be used in a¢¢ordance with specific restrictions imposed by donors which have been raised by the Charily for particular purposes. The ¢osts of raising and adminislering such funds are charged against ihe specific fund. The aim and use of each resiricted fund is sei oul in the notes to the financial stateTnenis. Siatulory grants which are glven as contributions towards the Charity's core service5 are treated as unreslricted. 1.14 Going coneern At ihe time of approving the accounts. Ihe truslees have a reasonable expe¢thtion that the charily has adequaie resources to continue in operational existence for the foreseeable fulure. Thus ihe trusiees to adopi the going concern basis of accounling in preparing the accounts. 14
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 2 ltyeornt Unre$trieied Restrlcled 2022 Trtol 2021 TéKdl 2.1 Iheome from domion% Itg¥i¢s Don&lions 561 734 Gram income Arts c11 EnglaThl - NatNAI Portfob) F¥ Arts Counca EngThI. Culkral Recovery 2 ArLS Counci] Eland- Cukwal Recovery Fd 3 Arts ClyjTl[ En8knl - EMergeY Resource Fwbj 3 Pa Hamtyn FouTrJati)n CoroMvirw4 Job Retent Scheme Royal Central Sc1Kl of sech aThJ Drama 2(4861 98521 97.901 2C4.861 98521 97901 21586 204361 24J03 2&1(K) 50LKI 2.2 lTr¢ome from charitable %tivi¢ies PerfornwKe fees and ccrrisMKs BIM)ks, DVD'S and 5cre¢nvgs Box offre 36518 49) 2288 36518 17142 2288 2.3 Income from iAvestments Bank interest recewed 81 1581 2.4 Other ineome Other 410 4.810 474J54 474J54 339J98 15
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 J Ill¢•e l>•rtiv4y Ol¢r 2822 56 41W 42&869 J17204 36Jli 17J42 ioj Rexeir¢h• drtr¢1 7J•l 3.1 4)9.469 471J54 539 I E4pEndkn¢ trswAl¥hy 2022 rrt 14IIM IttIc¢ 3.745 7.757 185591 107J26 i)Jw¥ CrtAtrrt ft¢s 6)J 93m 9.1•) 6.WJ I%j 163 &717 ltsJ63 Hrdpknlty lo 2J3& 26Jt6 27.707 27241 IJ07 JJI Imn tkrrtc•r SveAF¢nses Iioj J02J54 SJ4 293 4.) Othtrtxpt*lky Ac¢oWir¢y 3J14 TO1 EXPE•JUM 3J94 17iJ60 2&25J 1&9L2 30J.S17 555.971 2S6J7B Support costs relate to administration and overheads of running the charity. Costs are allo¢ated directly to activity. General support cosis are fiilly funded by the Arts Council, National Portfolio funding and are therefore directly allocated to Core costs. 16
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 S. Staff information Staff costs for the year were as folbws: 2022 2021 Safarts and wages sla1 Securty costs Staff pensKJn costs 130,049 9,743 2J16 141108 107243 2,864 1,468 111,575 The average number of staff employed directly by the charity during the year w&$ as follows: The average numlxr of staff empbyed during the year. was as folk)ws: 2022 2021 Direct proFcts Fundrasing Administrai There were no employees with remuneration in excess of £60,0. 17
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 6. Tangible Fixed knets Compuler Equipmeni Technical Eqmipmenl Cost At l April 2021 AdditK)ns Di5p)sab At 31 March 2022 1947 1076 (1.433) 3,590 2.947 5.701 (1,433) 7215 3,625 3.625 Dep¢14(10tt At l Aprit 2if21 Charge for the year Dtsp)sals At 31 March 2022 982 2,103 (477) 2.608 1,197 (477) 1,702 Ne¢ book value At 31 March 2022 1.888 1719 4.607 At 31 March 2021 1.965 1.965 Debtors 2022 2021 Accnrd vKome Theatre Tax Relrf Prepayments OtFtr debiors 31fj29 5,119 2253 6,735 14,107 4208 3.565 39,401 Creditors 2022 2021 Trade Creditor5 AccruaL8 Sccial security and other tax Other crediiors 9.921 2.384 2.514 385 15J92 385 5.283 18
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 9. Re¢oD¢ili2tion of fuDd$ Asall Apri124121 A5oi31 Erpeudthwe fr•nsfers Morch 2022 RestriciedJ¥nds U4re51riaedl¥x¢ts Core 201,637 204ffi37 474Jy 474354 S35.972 ($359721 143019 143,019 DésiKMiedf*ftd$ Core 0rAt Strate- 85MKI 15m) 85.((X) 15.CO) 31Mffi37 474J54 (535.972 243.019 10. Pllrse of funds Designa¢edfunds - Designated reserves of £IOO.000 have been retained at the end of 2021-22, that are only releasable by the board for the following.. £85.000 core operating costs to ensure the continued running of the company; £15,000 strategic reserve to support work which the board decides is of strategic artislic value . 19
FEVERED SLEEP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 11. Transfers No transfers between funds have tsken place in the year. 12. Related party tran$2¢tions No trustees have received any remuneration or reimbursement for any expenses. 13. Financial commitments As ai 31 March 2022. the charity was commitied to making the following annual payments under non-cancellable operating le&ses as follows: 2022 2021 Expire within l year 14. Pension$ The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charily in an independenily administered fund. The pension cosls and charge shown in Noie 5 Presents the contributions payable by the company to the fund. The amount owing to ¢he pension fund as at 31 March 2022 is £nil (2021- £nil). IS. Corporatlon Tax The charity is exempi from tsx on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of ihe Taxation of Charguble Gains Act 1992 10 the extent that these are applied to its charitable objects. 16. Reconciliation of net movement in funds to net cash flow from operating activitie5 2022 2021 Net movem¢ms tyi 161.6181 42,520 Deduct.. lrterest $wA in ivesting act5 18091 115811 Athl EA¢k.. depre¢iatK)n charge {In¢reas¢l ii deixo (25293) 18,611 Incr¢a5¢1{decrea5¢) ui credit 10.109 (1,9861 175.985 58.544 20