Charlty reglstration number 1076764 Company rng18tratlon numb•r 037153491England and Wal•8) NORTHERN BROADSIDES THEATRE COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NORTHERN BROADSIDES THEATRE COMPANY LEGAL AND ADMINISTRATIVE INFORMATION Trustses Patsy Louise Gilbert Safoora Masood Mirza Daniel Jame8 0'Gomian Leo Marcu5 Wan Deborah Jane Baker (known as Debbie Richard81 Alicia McKenzie Jesse Scott Lucinda Anne Haprfey Nelli Yli-malmi Andrew Pyke Kate Mroczkowski (Appointed 1 September 2023) (Appointed 1 September 2023) (Appointed 1 September 2023) S•¢r•tary Ruth Cooke Artl•tlc Dlroctor Laurie Sansom Charlty numb•r 1076764 Governlng documant Memorandum & Articles ofAssociation Company numb•r 03715349 R•gl8t•r•d offlc• Dean Clough Halifax West Yorkshire HX3 SAX Independ•nt •xamln•r GBAC Limited Old Linen Court 83-85 Shambles Street Barnsley South Yorkshire S70 2SB Bankers Barclays Bank PLC 39 Commercial Street Halifax HX1 IBE
NORTHERN BROADSIDES THEATRE COMPANY CONTENTS Pago Trustees, report Independent examine$ report Statement of financial activities Balance 8heet Statement of ¢a8h flows 10 Note8 to the finanrial 8tatement8
NORTHERN BROADSIDES THEATRE COMPANY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The truslees present their port and accounts for the year ended 31 March 2024. The legal and administrats've InfoatIOn fomis part of this report. The financial ststements have been prepared in accordance wilh current statutory reqL6irements and comply with the company's memorandum and artides of association. Th8 directors of the charitable cornpany I'lhe charity") are its trustees for the purpose of charlty law and throughout this report are collectively referred to as thè trustee8. Oblectlv•s and •ctlvltl•• Charllablo ObJectlv•s The company's charitable objectivas are to promote, maintain. improve and advance education, particulady by encouragement of the Arts, including the Arts of Drama, Ballet, Music. Singing, Lit8ratum. Sculpture and Painting with particular reference to pr888nting new texts and adaptations of classical texts in a manner finnly rooted in the North of England. The tTU$tees have paid due regard to guidance issued by the Charity Commission in deciding what aclivities the company should undertake. Northem Broadsides Theatre Company provides access to the arts for the communily throughout the Yorkshire region and beyond. The company tours the UK and intemalionally giving performances of classical and now plays that are dramatic, educalional and fun. The company's venues include theatres and educational e8tabli8hment•. Theatrical Workshops are also carried out in 88$0¢iation vlth various school8. Publ1¢ B•n•fft R•portJng The Iru8tees con8lder they have complied with th8 duty in 8edlon 17(5) of the Charitles Act 2022 having due regard to the public benefit guidance published by the Charities Commission.
NORTHERN BROADSIDES THEATRE COMPANY TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 ChalVs report l am delighted to report another successful year for Northem Broadsides. It was a pleasure to Y1cOme new board m8mb8rs Kate Mroc2kowski, Andrew Pyke and Nelli Yli-malmi and wè adopted a new govemance structure with the appointment of Patsy Gilbert and Lucinda Hanley as Joint Vi Chairs. l am especially proud of the collaborative way in which Northem Broadsides Is run, both across the distributed leadership at board level and under the direction of our exceptional joint Chief Executiv?8 Ruth Cooke and Laurie Sansom. We Vre Sad lo say goodbye to Trusta8 Pamala Bhupal and thank her for her contrfbution to our development. In a further expansion of the team, were delighted to appoint I0 new members of staff - Sarah Oliver-webb as Finance Administrator and Kassie Jones 89 Production & Administration Assistant. We are already reaping the rewards of this expansion in the skills and talent of our team and I would like to take this opportunity to record my thanks to all our Twstee8, 8tsff, freelancers and volunteers for their energy and hard work in helping us promote healthy and vibrant communiti08 in the North by sharing powerful stories made by and for it8 diver38 peoplo. Whlle the environm8nt for touring theolre remalns challenglng, tho yèar began wlth the Continuatlon of our Quality Stre8t tour. The production wa8 cfycreated with a group of retired factory workers and Coknproduced with the New Vic, Newcaslle-under-Lyme. We received some excellent reviews and the produclion was particularfy well-received in Northem cities and towns. This was a year that 8aw us deepen our roots in our home of Calderdale. Our Iron People project began wlth free Family Creativity Day8 funded by Calderdale Council and delivered in partnership with artists living and working in our local community. Further workshops followed, induding a Writing Eco Work for Children workshop at The Piece Hall. The Writers, Refvge programme for people seeking asylum continued wilh a residency for lugeeS and Ukrainian migrants, in collaboration with Arvon. St. Augustine's Centre, the Valley of Sanduory and the Library Servlce. W8 have also e8tabli8h8d a new youth theatre in Park Ward. Other highlight8 Included tho launch of our Lif• in a Northem Town project alongside partners Customs House, SoLrth Shields, Bla¢kpool Grand and Bamsley Civic and research and dev8loprnent work for future tours was und8rtaken, including work with Shakespeare North Playhouse. Thi8 year's Wnter Ta188 podcast collection included Jeanette Winterson reading her own Story 'The Spirit of Christmas. as its centrepiece and original 8lori8s were Commissioned from Anjum Malik, Clar8 Shaw and Hana Gillani. We are groleful for the ongoing Support of our audien¢e5, donors, partners and friends. In particular, I would like to take this opportunrty to thank Arts Council England a8 our primary funder for their encouragement and backing. l am excil8d a8 we embark on another year Cowcreating iouring and placewmaking theatre that breaks down 8ocial, g8ographi¢ and economic barrier8 and look forward to our continuing work together. Deborah Baker (Known as Dobbl• Rlchards
NORTHERN BROADSIDES THEATRE COMPANY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Achlevements and perfomianc• Quallty Stmt Quality Street opened at our cfrproducing partner venue the New Vic, Newca8tle-und8r-Lymé In March 2023 before touring to 13 venues acro88 the country. D85Pito excellont opening reviews and an enthu8lastic respon89 from audiences, it was quickly apparent that the touring climate for drama remained extremely challenging. It was hoped that sales and income would reach previously achieved pre-pandemic figures, however they bore closer resemblance to As You Like It figures, which suffered challenges due to COVID-19. In particular we experienced loVr audiences in new, commercial and Southem venues. The financial underporfomiance of the tour compared to forecasted e8timateJ held con$id•rable implication8 and has guided the company to explore allematlve models for future touring produGtions. Iron People Iron People is an ambitious new community atts project inspired by the environmental message behind book8 by Ted Hugh08, The Iron Woman and The Iron Man. Tha prolèct18 part of the Cultur8Dale programm•, Calderdale's Year ol Culture 2024, and involves community groups across the borough engaging In acting and writing workshops, puppet-making, movement and family creativity se88ion8. Local residents are given th• opportunity to work with writers, makers, perfomers and ecTrgroup8 to Co-create work that ovokes the 8pirit of where they live and cel8brat88 their connection with the natural environment. Co-created by Calderdalg's dlverse comrnunitles, its unique freelance 3rtlst$ and organi¥ation8, and led by Northern Broadsides, the project commenced in autumn 2023 with a series of free-ttrattend family Creativity days across Calderdale in Sowerby Bridge, Elland, Mytholmroyd and Todmorden. A special creatlvity day was also held for the children and parents of Parkin80n Lane Community Primary School. Acro¥8 spnng 2024, we hostod three poetry workshops With lan Humphrey$ in Todmorden, Sowerby Bridge and Halifax, and al launchad taster 8e88ion8 for our adult acting work8hop programme at our home in Dean Clough, Llf• In a North•rn Town Delivered in partnership wrth Bamsley CiviG, The Customs Hou8e (South Shield8) and Blackpool Grand Theatre, Life in 8 Northem Town (LIANT) is new three-year programme that support$ the creativity of young people across the North of England. Through a series of workshops, residencies, peer learning and sharing opportunities, the programme aims to develop and co-produce new Work by diverse artists and provide a ladder into the profession for under-represented communities. In this first year of the programme. the cohort of young writers met online for writing ma8terda$se$, learning to develop 8torie8 about thelr hometown and create their own •hort pl•y•. Th1• year also Saw preparations made ahead of the fir8t LIANT residency taking place in April 2024. Th• Wrft•r's R•fug• Our regular free-lacCesS creative writing workshops for refvgees and people 8eeking asylum continued at St Augu8tine'8 Centre in Park Ward, Halifax. In partnership with St Augu8tine8, Artists in Exile and Caldor Community Cafes, in October 2023 our writers came together lor a week-long residential at Apion's Lumb Bank with tutors Anium Malik, lryna Shuvalova and mid-week guest Yomi Sode. Th8 writers hav8 sinGe been working wilh local poet Clare Shaw to leam the ba8ics of writing poetry and plays. Shak•8p•ar• R&D In March 2024, we visited Shakespeare North Playhouse in Prescot for research and development on a potenlial title for a future co-production and tour. We worked with actors Cora Kirk and Adam Fenton, spok8n word artist Blue Salnt and movement director Jèn Malarkey, with a particular locus on exploring one of Shakespe8r8'$ protagoni8ts through a neurodivergent lens. Young people from Imaginarium Youth Theatre, an award-winning theatre and community arts organisation based in Knowsley, joined the team to work on developing Characters, 801iloqui88, 8CriPt layering and perfomiing on a beat. Wlnter Talès Our annual podc88t 80ri•8 retumed at the end of 2023. Thi8 year'8 eighl 8tori88 centred on the theme of 'Twai The Night Before Christmas. We worked with composer Rob8rt Bentall, writer and narrotor, Jeanette Wnterson, actor AndW llehead, actor Samuel Bamett, poet Clare Shaw, writer Anjum Malik, actor Jamie Parker and Hana Gillani, a writer from our very own Ihtriter's Refuge programme.
NORTHERN BROADSIDES THEATRE COMPANY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Future plans and development Iron People 2024125 sees the launch of Northem Broadsides, first ever youth theatre as part of our Iron People project. Aimed at young people aged 11-18 living in Park Ward, Halifax, the youth theatre aims to increase access to free creative opportunities in th8 area and ènable young peopl6 lo dev8lop their $kllls In drama, build confidence, make friends and encourage team building, selfryexpression and collaboration. Alongside this, we will launch community projects in Halifax, Sowerby Bridge and Todmorden, as well as borou9h-wide actors and writers groups, inviting local resident8 to engage in a variety of environmentally focu8sed creative workshop programmes to explore, celebrate and protect their connection with home. The project 18 made possible by funding from {at the time of writing) Calderdale Borough Council. West Yorkshire Mayor's Safer Communities Fund, Calderdale Community Foundation, the Liz and Terry Brammall Foundation and UKSPF. We await the outcome of further funding applications. Llf• In a North•rn Town In April 2024, the LIANT cohort came together for a writing residency at IOU'S Hebden Bridge Hostel. Joined by Artistic DireGlor Laurie Sansom and two leading playwright5, the young writers developed characters for short monologues and duologues ahead of a group sharing at the end ofthe week. The second year of the programme will also see the young writers engage in a series of online playwright masterclasses and opportunities to collaborate again in person. Fundraising plans will also be implemented to secure further support for the programme and enable development of the most promising work into a piece of mid-scale touring theatre. The Wrltar'8 R•fug• Creative writing workshops will contlnue at St Augustine's in Park Ward, Halifax for refugees 8nd people seèking asylum. At the end of May, Ihe writers came together for a residential in Grasmere kn'ndly hosted by the Glenthome Quaker Centre & Guest House. In June 2024 writers presenled their work in public sharings at th• We Ar8 Calderdale Celebration and Refugee INeek ev8nt8. Further 8¢tlvity will take place as part of the Iron People project and we will seek further funding to continue the project into 2025126. Shakespeare R&D A second phase of development of the potentlol Iitle for luture touring took place acro88 a week in June 2024 at Leeds Conservatoire when students worked with our creative team to explore scenes through movement, music and perfomiance. Co-producing partner8hip8 will be explored and further stages of development agreed. Wlnter Tales Our festive podcasts are planned to retum in December 2024. Building on learning and engagement from previous years, we are exploring new formats and approaches to further platfomi a diverse mixture of new, young and classic writers, and engage listeners. 2025 Tourfng Productlon In 2024125 we will also plan and prepare for a mid-scale lour to take place in autumn 2025. The model for the tour will take on valuable leaming from recent tours of As You Like It and Quality Slreet. Agreements with co producers are in progress and the title of the production will be announced once development begins.
NORTHERN BROADSIDES THEATRE COMPANY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew Rèsults of th• y•ar The charity has net expenditure for the year of £26,576 (2023 - £60,756 net eXndItre). This is made up of net income in unrestricted funds of £10,610 and net expenditure from restricted funds of £37,186. The main funding sources for th8 charity are Irom the sale of tickets for the theatre perfomiances and from Arts Council England as a National Portfolio Organisation. The funding sources directly support the objectives of th8 charity. The net expenditure trom restricted funds includes depreciation of Ihe costs associated with the redevelopment of the Viaduct Theatre in 2016 and 2017. The company has secured a 10-year lease on the property and the Costs are being depreciated over the life of th818ase. It 1$ important to note that these restricted funds represent neither funds that can be spent nor an asset that can realistically be sold. However, they represent a significant improvement to the infrastructure of the organisation which is intended to reduce costs and generate income for fLrture years. Also included within restricled fund$ thi8 yèar is a Calderdale Cultural Fund grant of £15,000 whith was spent in the year. R•80rv08 Pollcy It 18 the policy of the Board of Tru8tses to keep suffici¢nt rnseNe8 to ensure the sustainability of the charity and its ability to fulfil its objects for the foreseeable fulur8. In common with the charitable sector as a whole, the Arts face uncertain times in tenns of funding and the current economi¢ dimate Continues to place pressure on all forms of income. The financial challenge8 experienced in recent years demonstrale the importance ol Ihe reserves in ensuring the charity can maintain its activty d88Plte inevitable flu¢tualion8 in perfonnance. The company is mindfijl of the need to ensure financial sustainability while looklng for InnovalSve ways to produce art and regulady looks for attemative funding 8tream5 to support this work. The reserves policy sets a recommended target range of rèservos of £110,000 to £225,000. The unrestricted reserves held at 31 March 2024 of £159,413 fall wsthin this range. The level of reserves is reviewed throughoLrt the ye8r and if the level of reserves falls more Ihan 20% outside the target range, the Board will consider action8 needed to either increase or reduce the lavel of res8Ne8 held. Rlsk management The major risks to which the charity 18 exposed are continually reviewed and sy8t8ms hav8 b8en established in order to mitigate these risks. Structurei govornanc• and management Truste•• The following have Served on the Board of Trustees during the period.. Sarah Home (Resigned 16 May 2023) Patsy Louise Gilbert Safoora Masood Mirza Daniel James O'Gom)an Leo Marcus Wan Deborah Jane Baker (known as Debbie Richards) Pamela Bhupal Alicia McKenzie Jesse Scott (Resigned 29 February 2024)
NORTHERN BROADSIDES THEATRE COMPANY TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Lucinda Anne Harvey Nelli Yli-malmi Andrew Pyke Kate Mroczkowski (Appointed 1 September 2023) (Appointed 1 Septémber 2023) (Appointed 1 September 2023) Appolntment of truste08 As set out in the articles of association the chair of the Irustees is nominated and appointed by the existing trustees. The trustees have the power to COwOPt further members in order to fulfil specialist roles. Open advertisement has been used to recruit new tnJstee8 and they are interviewed by a panel of existing trustee8 and members of the Executive before being invtted to join the Board. Tru•t•• Inductlon and tralnlng New trustees und8rgo an indudion lo brief them on their legal obligations as required by charity and cornpany law, the ¢ont8nt of the m8morandum and arts'cles of association. d8Ci8ion making pro¢88$, the business plan and recent financial perfomance of Northern Broadside8. During their induction, new trustee8 will meet key employees and other tru8tees, Th• Organl•atlon There ha been five members of the team durfng th18 perlod.. Laurie San80m -Artistic Directorl Joint CEO Ruth Cooke - Executive DirnctorlJoint CEO Jess Roon8y- Mark8ting and Communicatlon8 Manager Kassie Jon88 - Produdion and Admin Assistanl (Appointed D8c6mber 2023) Sarah Oliver-webb - Finance Administrator (Appointed January 2024) Contractualffreelance Staff, all actors, technicians and morkeling per80nnel are engaged throughout the year for particular project8lproduction8. Th8 above report has been prepared in accordance with the special provisions relating to small companie8 within Part 15 of the Companies Ad 2006. Signed on behalf of the board of Irustee8 Deborah Jane Baker (known as Debbie Richards) Trustee Datod: 0610912024
NORTHERN BROADSIDES THEATRE COMPANY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTHERN BROADSIDES THEATRE COMPANY I report lo the twstees on my examination of the financial statements of Northem Broadsides Theatre Company (the company) for the year ended 31 March 2024. Responsibilities ond basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statemènts in a¢cordance with the requirements of the Companies Act 2006 (the 2006 Acti. Having 8ati8fied myself that the financial statements of the company are not required to b8 audited under Part 16 of the 2006 Act and are eligible for independent examination, I r8POrt in respect of my examination of the company's financial statements carried out under section 145 of the Charities Act 2022 (the 2022 Act). In carrying out my examinatson I have followed all the applicable Dir8Ctions given by the Charity Commission under section 145(5)Ib) of the 2022 Act. Independent examlnerfs statement Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in Section 145 of the 2022 Act. I confirni that l am qualified to undertake the examination becaus8 l am a membèr of ACCA, which is one of the listed bodle8. I have completed my examination. I confirm that no matters have come to my attentlon in connection with the èxamination giving me cause to believe that in any matenal Spect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act., ore financial statemenls do not accord with those records,. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the rnethods and principl88 of the Statement of Recommended Practice for accounting and reporting by charities applicable to charitie8 pparing their accounts In 8ccordance wlth the Flnancial Reporting Standard applicable in the UK and Republic of lffjland IFRS 102). I have no concems and have come acro88 no other m8tter8 in connection wrth the examination to which attention should be drawn in this rnport in order to enable a proper understanding of the financial ststements to be reached. ctoria Jane Davi65 FCCA for and on behalf of GBAC Limited Old Linen Court 83-85 Shambles Street 8amsley South Yorkshire S70 2S8 Dated.. 9th October 2024
NORTHERN BROADSIDES THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrnstrictsd R•8trlctod funds funds 2024 2024 Total Unrnstrlcted R•strlctod funds funds 2023 2023 Total 2024 2023 Not•s Income and ondowm•nt• from: Donations and legacies Charitable activities Other trading activiti88 Investments Other income 264,297 214,285 85 557 29,982 264,297 229,285 85 557 29,982 300.263 213,267 137 214 74,850 300,283 213,267 137 214 74,850 15,000 Total Incom• 509,206 15,000 524,206 588,731 588,731 Expendlture on: Chantable activitie8 10 498,596 52,186 550,782 813,380 36,127 649.487 Total •xp•ndltur• 498,596 52,186 550,782 613,360 36,127 649,487 Net Incom81(expendltur•l and movement In fund• 10,610 (37,186) 126,576) (24,629) (36,127) (80,756) Recon¢lllatlon of fund•: Fund balances at 1 April 2023 148,803 145,755 294,558 173,432 181,882 35S,314 Fund balan* at 31 March 2024 159,413 108,569 267,982 148,803 145,755 294,558 The statement of financial activities include8 all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
NORTHERN BROADSIDES THEATRE COMPANY BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Note$ Flxèd assets Tangible assets 14 118,498 157,613 Current assets Debtors Cash at bank and in hand 15 14,297 165,716 57,049 127,192 180,013 184,241 Crodltors: amounts falllng du• wlthln one yaar 16 (30,529) (47,296) Not current as80t8 149,484 136,945 Total a8•ets les• curr•nt Ilabllltl•• 287,982 294,558 N•t as•ets oxcludlng ponslon Ilablllty 267,982 294,558 Th• fund• of tho cornpany Restricted income funds Unrestricted fvnd8 17 108,569 159,413 145,755 148,803 267,982 294,558 The company 1$ entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2008, for th8 year ended 31 Marth 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2008 with respect to accounting records and the preparation of financial statement$. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These accounts have been prepared in accordance with the provisions relating to 8mall companies Wlthin Part 15 of the Companies Act 2006. The financial statements were approved by the trustees on 0610912024 Deborah Jane Baker (known a8 Debbie Richards) Trustse Company registration nurnber 03715349 (England and Vvales)
NORTHERN BROADSIDES THEATRE COMPANY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Not•8 Cash flows from operatlng actlvlt108 Cash generated from operations 23 38,902 7,054 Inv•8tlng actlvltlo• Purchase of tangible fixed assets Proceeds from disposal of tsngible fixed assets Investment income received {935) 825 214 557 Net cash Iu8od In)Igen•rat•d from Investlng acllvltles (378) 1,039 Net cash u•ad In fin•n¢lng actlvltles N•t Incr•i•• In cuh and ci•h •qulval•nts 38,524 8,093 Cash and cash equivalent8 at beginning of year 127,192 119,099 Cagh and cash oqulval•nts at •nd of y••r 165,716 127,192 10-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclos Charlty Snformation Northern Broadsides Theatre Company is a private company limited by guarantee incorporated in England and Wales. The registered office is Dean Clough, Halifax, West Yorkshire, HX3 SAX. 1.1 Ac¢ountlng conventlon The accounts have béen prepared in accordance with the company's goveming document. the Companies Act 2006 and °A¢counling and Reporting by Charities.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (as amended for accounting periods commencing from 1 January 2016). The company is a PutAic 8enefit Entity as defined by FRS 102. The financial stal8ment8 are prepared in steding, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The accounts hove been prepared under the historical cost convention. The principal ac¢ounts'ng policle8 adopted are set out below. 1.2 Golng concern At thè time of approvlng the flnancial 8t8tement8, the trusto88 have a reasonablè èxpoctation that the company has adequate sOUrceS to continue in operational existence for the foreseeable fulure. Thi8 expectstion is based on having surplus unrestricted reserves at the year end of £159.413. The tru8tee8 conlinue to adopt Ihe going Concern basis of accounting in preparing the financial statements. 1.3 Charltablo funds Unrestricted funds are available for use at the dis¢tIon of the Iru8tee8 in furtherance of their charitable obJ'ectiVe8. Restricted funds are subject to 8pecifi¢ conditions by donorn or grantors as to how they may be used. The purp088s and usès of thè restricted funds are set out in Ihe note8 lo Ihe finan¢l81 slatemenls. Endowment funds are subject to Specific condition8 by donor8 that the Capital must be maintained by the company. 1.4 In¢om• Income Is recognised when the company is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash don8tions are recognised on receipt. Other donations are recognised once the company has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as contingent asset. 1.5 Expendlture Expenditure is recognised on an accrual basis a5 a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Charitable expenditure comprise those costs incurred by the charity in delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated direct to such activits'es and those costs of an indirect nature necessary to support them. 11
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued Govemance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the Strategic management of the charity. 1.6 Tanglble fixod ••8•ts Tangible fixed assets are initially measured at Cost and subsequently measured at cost or valuation, net of depreciation and any impairment1088es. Depreciation is recognised 80 as to write off the cost Of valuation of assets less their residual values over their useful lives on the following ba8e8'. Leasehold improvements Production equipment Fixtums, fittings & equipment 10 year8 on 3tralght line baBi8 25% reducing balance 15% reducing balance The gain or loss ari8ing on the dispo881 of an asset is detemiined as the difference belween thè sale proceed8 and the carying value of the asset, and 13 recognised in net in¢omel(expenditure) for the year. 1.7 Impllmiont of fix•d 18••ts At each reporting end date, the company revievts the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impainnent loss. If any such indication exi8ts, the recoverable amount of the asset is e8timated in order to detemiine the extent of the impaimient1088 (rf any). 1.8 Cash and cash •qulval•nt• Cash and cash equivalents include cash in hand, deposits hekl at call wilh bank8, other 8hort-temi liquid investment$ with original maturitie8 of three month8 or less, and bank overdrafts. Bank overdraft8 are shown within borrowings in current liabilrties. 1.9 Flnanclal In8trum•nts The company ha8 elected to apply the provision8 of Sacts'on 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of Its financial instruments. Financial instruments are recognised in the company's balance Sheet when the company become8 paty to the contractual provision8 of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. B•sl¢ flnanclal assets Basic financial assets, wttith include debtors and cash and bank balanc8s, are inrtially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement Gonstitutes a financing transaction, where the transaction is measured at the present value of the futu receipts discounted at a market rate of interest. Financial assets classrfied as receivable within one year are not amortised. 12-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Baslc flnanclal Ilabllltl Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortlsed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and 8ub8equently measured at amortl8ed cost Using the effedive inlerest method. D•r•¢ognltlon offln4ncl•l Ilabllhles Financial liabilities are derecognised when the company'8 contractual obligations expire or are di¥charged or cancelled. 1.10 Employe• b•n•llt• The cost of any unused holiday entitlement is recognised in the period in which the employee's 6ervice8 are received. TeinatIOn benefits are rocognised immediately a8 an expen8e when tha company 18 demon8trably committed to tenTrinate the employment of an employee or to provide termination benefits. 1.11 R•tlram•nt b•n•fits The company operates 8 defined contribution pension 8¢heme. The 0988t8 of the scheme are held 80parately from those of the charity in an independently administered fund, Contributions payable lor the year are charged to the profit and Ios8 account. Crftl¢al accountlng 8*tlmat•s and Judgomonts In the application of the company'8 accounting policies, the trustee8 are required to make judgements, estimates and assumptions about the eArrying amount of assets and liabilities that are not readily app8rent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Artual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 13-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from don•tlon• and legacl Unr•strict•d fund• 2024 Unr•8trict•d fund• 2023 Donation$ and gift8 Arts Council Grant 4,313 259,984 40,279 259,984 264,297 300,263 Incomo from other tradlng actlvftlos Unrn•trlct•d Unr••trl¢ted fund• funds 2024 2023 Non-charitsble trading activities 85 137 Incom• from Inv••lm•nls Unrnstrtcted Unrnstrlctod fund• fund• 2024 2023 Inter88t receivable 557 214 Oth•r Incom• Unrnstrlctad Unrn•trlct•d funds funds 2024 2023 Other income 29,982 74,850 14-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 8ox office and Pn>gramme Oth•r councll Other grant grnnts income 2024 Room hlrn Totsl 2024 Total 2023 2024 2024 2024 Sale of goods other income 2tE.159 4.739 3,387 214,285 213,267 15,000 15,LXX) 2Q,159 4,739 15,000 3,387 229,285 213,267 Analysis by fund Unrestricted funds Restricted funds 206,159 4,739 3,387 214,285 213,267 15,000 15,000 206.159 4.739 15.000 3,387 229,285 213,267 For the year ended 31 IAarch 2023 Unrestricted furKIs 200,356 4.909 3,702 213,267 15-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support ¢ost• Support Govarnanco costs costs 2024 2023 Staff costs Travel & 8ubsi8tance Transport CO8ts Insurance Marketing & publicity Dir8Ct projéct C08ts Royalties payable Bad debts Company Development 155,859 64,074 13,310 155,859 64,074 13,310 321,265 66,669 12,275 12,874 26,861 66,351 27,484 147,687 27,484 147,687 752 3,174 752 3,174 Independent examination fees Accountancy Legal and professional Insurance Postage and stationery Telephone and intemet Premises costs Sundry expen8e$ Bank charges 2,625 14,580 25,661 17,282 1,391 2,625 14,580 25,661 17,282 1,391 2,500 6,290 5,781 3,073 3,196 20,751 9,743 251 19,859 1,707 287 19,859 1,707 287 412,340 83,392 495,732 557,916 Analysed between Charitable a¢tivilie8 412,340 83,392 495,732 557,916 Project staff costs were previously inctuded in staff co$t$ in 2023 and from 2024 these costs are now allocated under Direct project co¥t¥. N•t mov•m•nt In fund• 2024 2023 The net movement in fund8 IS stated after chargingl{crediting): Fees payable for the independent examination of the charity's financial statements DepCIation of owned tangible fixed assets 2,625 40,050 2,500 40,745 16-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Charltable actlvltl88 Rosourc•s Resources xpend•d •xpended from from charttsblè ch•rltsbl• actlvlti•8 •¢llvltie• 2024 2023 Staff costs Depreciation and impairment Los8 on disposal Marketing and publicity Direct project costs Markets'ng and publicity 50,000 40,745 826 40.050 2,450 39 12,511 55,050 91,571 Share of support costs (See note 8) Share of govemance costs (see note 8) 412,340 83,392 506,331 51,585 550,782 849,487 Anaty818 by fund Unrestricted funds Reslricled fijnds 498,598 52,186 613,360 36,127 550,782 649,487 For the y•ar •nd•d 31 March 2023 Unrestricted funds Restricted funds 613,360 36,127 849,487 11 Trusteos None of the trustees (or any persons conneded with them) received any muneratIon during the year. 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purpos88. 17-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Employees NUfflr of •mployo•• The average monthly number of employees during the year was.. 2024 Number 2023 Numb•r Administration Production 12 10 16 13 Employmont Costs 2024 2023 Wages and salaries Social securtty Costs Other pension co8t8 138,823 9,481 7,555 347,552 8,314 15,399 155,859 371,265 There were no employees whose annual remuneration was £60,000 or more. 14 T•nglble flx•d as80ts L••••hold lfflprov•m•nt• Produclon •qulpm•nt Flxtur••. flttlng• & •qulpffl•nt TotAI Cost At 1 April 2023 Additions 383,091 18,740 3.826 935 405,657 935 At 31 March 2024 383,091 18,740 4,761 406,592 Depre¢latlon and Impalmient At 1 April 2023 Depreciation charged in the year 232,862 38,309 13.818 1,231 1,364 510 248,044 40,050 At 31 March 2024 271,171 15,049 1,874 288,094 Carylng amount At 31 March 2024 111,920 3,691 2,887 118,498 At 31 March 2023 150,229 4,922 2,462 157,613 18-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Dobtors 2024 2023 Amounts falllng du? wlthln ono year: Trade debtors Prepayments and accrued income 31 14,266 752 56,297 14,297 57,049 16 Crndltor•: •mount8 f4111ng duo wlthln one year 2024 2023 Other taxation and 8ocial security Trade Creditors Other creditors Accnjals and deferred income 2,484 13,275 2,616 28,921 3,233 10,000 16,852 30,529 47,296 17 Rostrlctad fund• The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditlons by donors as to how they may be used. At 1 Aprll 2023 Incomlng R•8ourcM At 31 March ro8ource8 expended 2024 Viaduct Improvements Calderdale Cultural Fund grant 145,755 (37,186) (15,000) 108,569 15,000 145,755 15,000 (52,1861 108,569 Prnvlous yèar: At l Aprll 2022 Incomlng rnsource8 R04bourcg• At 31 March expended 2023 Viaduct Improvements 181,882 (38,127) 145,755 Notes The Viaduct Improvement fund comprises of donations and a capital grant from Arts Council England to improve the f8¢ilities at the venue. The closing balance represents the Nel Book Value of the capital expenditure and V11 be released over the life of the assets. The Calderdale Cultural Fund grant received in the year was a restricted grant to be spent only on the project for which the funds were obtained. All funds were spent within the year. 19-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unrestrlcted funds The unr8stricted funds of the Gharity comprise the unexp8nded balances of donations and grants whith are nol subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been set aside out of unrestricted funds by the trustees for specffic purposes. At 1 Aprll 2023 Incomlng resources R•sourGes At 31 March xp•nd8d 2024 Life in a Northem Town Gener81 funds 3,437 505,769 3,437 155,976 148,803 (498,596) 148,803 509,206 (498,596) 159,413 Prevlou• yoar: At 1 Aprfl 2022 Incomlng R•sourc•8 At 31 March resources oxp8nd•d 2023 G8n8ral funds 173,432 588,731 (813,380) 148,803 19 RIrement boneflt sch•m•• D•fin•d contrlbutlon •¢h•m•• The company operates a defined contribution pension scheme for all qualifying employee8. The a88et8 of the scheme are held sep8rately from those of the company in an independently administered fund. The charge to profit or loss in respect of defined contribution scheme8 was £11,573 (2023: £15,399).Th8 amount due to the fund at the end of 2024 was £1,20812023'. £3,940). There were 5 employees that were in this scheme durin9 2024 (2023.. 3). 20 Analy818 of net •88Ots betWn fund8 Unrn8trlctod Re8trlctod 2024 2024 Tol•l 2024 Total 2023 Fund balances at 31 March 2024 are represented by- Tangible assets Net Current assets 9,929 149,484 108,569 118,498 149,484 157,613 136,945 159,413 108,569 267,982 294,558 21 R•lat•d party tran8actlons There were no disclosable related paty transactions during the year {2023 - none). 22 Analy818 of changes in netfunds The company had no material debt during the year. -20-
NORTHERN BROADSIDES THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 23 Cash genorated from operatlons 2024 2023 Deficit for the year (26,576) (60,756) Adjustments for: Investment income recognised in ststement of financial activities Depreciation and impaimient of tangible fixed assets (557) 40,050 (214) 40,745 Movements in working capital.. Decrease in debtors (Decrea8e)fincrea8e in creditor8 42,752 116,767) 16,544 10,735 Cash generatod from operatlons 38,902 7,054 21