Charity Number.. 1084229 Company Number.. 03995521 The Lawnmowers Indepondent Theatre Company (a company limited by guarantee) Unaudited Trustees, Report and Financial Statements forthe year ended 31 March 2024
The Lawnmowers Independent Theatre Company la company lirnited by guarantee) Contents Page Trustees, Annual Report Independent Examinerfs Report Statement of Finanaal Actwities Balance Sheet 10 Notes to Financial Statements 11-22
The Lawnmowers Independent Theatre Gompany (a company limltsd by guarantee) Trustee Report For the year ended 31 March 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 st January 2015). OBJECTIVES AND ACTIVITIES The objects for which the Company Is established are to advance education for the public benefit by providing facilities for the recreation and leisure time occupation of persons wth learning difficulties in particular but not exclusively by the provision of F4ays and drama. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Company's objectives forthe year. including the guidance 'Public Benefit.- Running a Charity {PB2)' Maln Activities The Lawnmowers is a producing theatre-arts company. Operatlng in Gateshead and the surrounding regions, The Lawnmowers is a company (Company Limited by Guarantee. Reg. Eng. & Wales. no. 3995521) and registered charity (no. 1084229) and is run by and for people with leaming difficulties. The Lawnmowers original actors were a community group who fomied in 1986. who later set up and developed The Lawnmowers Independent Theatre Company to try and achieve community cohesion. The Company was registered in May 2000, with operations commencing in January 2001. Vision We believe people with leaming difficulties have the right to participate in society as equal oitizens with opportunities to succeed. Mission We believe the arts can unlock the talents and capacity of people with learning difficulties to take charge of their lives, as active citizens. visible artists and agents of change. Summary The Lawnmowers is a Gateshead-based charitable company which provides rfch and varied CLrltural opportunities for people with learning difficulties. Our. programmes provide opportunities for people th learning difficulties to co- produce and deliver high quality artistic activities at variou5 venues regionally, nationally and oGcasionally Internationally and also address social and educational issues. accessibility. sustainability, parttcipation, enjoyment and building futures. sin incorporation in 2001 The La)M)m¢erS has worked daily w7th up to 90 corelyoLrthlevening club members with learning difficulties daily. brought our message of integralion to ¢)ver 158.500 beneficiaries, audiences and external participants and worked in partnership or gwen assistance to hundreds of organisations and related bodies. The Company has expanded and added projects and new volLFnteering opportunities for people wth learning dtfficullies to its portfolio. We have hosted many intemational groups at our current and fomer premise5 and have toured our work regionally and nationally. Internationally we have toured our work to Poland, Brazil, Canada, Spain, Southern Ireland, Brazil, France and Chile. The Lawnmi)wers is a National Portfolio Organisation (NPO), a status awarded by Arts Council England which has described Its NPOS as taking a cwic leadership role in the community.
The Lawnmowers Independent Theatre Company (a company limited by guarantee) Trustee Report For the year ended 31 March 2024 2023-2024- Hi hts of the Pro ramrne Youth= During the last year we ran 92 sessions at our Arts Centre and delivered 36 sessions in 4 local SEN schools to over 100 young people with learning disabilities. Our staff delivering the school sessions were accompanied by some of our young learning-disabled actors and dancers who assisted in leaching the school students, this has helped to develop their own facilitation skills. Evaluations of these sessions recorded that 95% of new students found it empowering to be taught by their peers and among our young people 100•A reported feeling more confident and that their own creativity had increased due to attending Lawnmowers sessions. Our young learning-disabled dancers produced a show that toured across the region throughout the summer, perfomied in a feature film that will be distributed on Amazon Prime and were finalists in a national mainstream dance competition. Our young learning-disabled actors completed the writing of a new and original theatre ple and organised a VIP screening of their last show "Fear is and Illusion., which we intend will be screened at youth film festivals in the future. Worksho s and Trainin During the 23124 funding period Lawnmowers delivered 363 sessions to adults wlh learning disabilities al our Arts Centre. These sessions were in singing, theatre, dance. drumming, and digital music and provided over 100 opportunities per week (4600 PA) to learning disabled people to access Lawnmowers arts training. Festiva15 and Perfomances.. Lawnmowers adult leaming-disabled dancers, a¢tors, singers, and musicians delwered perfomances at125 different events across the year including 7festivals and 9 theatre shows to almost 30K audience members. Lawnmowers members have performed in mainstream theatre venues nationally. produced original music, theatre and choreography and developed an ambitious theatre model Ihat will increase our theatre touring up to 2029. Education.. Our education programme has seen our learning-disabled actors deliver education and awareness sessions to over 1300 university students, over 30 workshops in 5 universities. The sessions are tailored to a wde spectrum of nurses, psychologists, social workers. health visitors, trainee doctors and medical school students. This year through collaborative research and data analysis the actors have scripted, filmed. and edited a new education package that will be rolled out to dental students at Newcastle University. The team were finalists for the Sludent Nursing Times Partnership of the Year 2023 with Northumbria University for our Creative Health Awareness Training for nurses. The actors have also worked extensivefy wth researchers to infomi research relevant to the learnin94isabled Community and created an advisory Research Abilities group to help researchers work pro-actively wth leaming disabled participants. They have also presented at 3 national conferences including The Intemational Creative Methods conference in Manchester. Sustainablll and Income.. Pre 2023 Lawnmowers, income from sustainable sources stood at 48%. We are happy to report that at the end of this financid year that has increased to 57%. This is very encouraging, and we have plans to develop this further over the corning years as a priority for the organisalion. Creative Ma in and Audience Develo ment: We are currently creating a mapping exercise to identify the organisations working across the northeast region with people with learning disabilities specifically, so that we can develop our membership and audiences for the future. This exercise 15 going well and will shape up lo b8 a very useful tool not only for us but for everyone with an interest in or opportunities to offer to this community. Environmental and Wisibilit We are in the process of assessing our environmental footprint and looking towards becoming a green positive organisation. We have increased our visibility using social media and are working to adapt our website to reach more learning-disabled people. Leamin . We have leamed that we a extremely proud of our achievements to date but that leaming-disabled people are now, more than ever, desperate to connect. Wilh our ambitious future plans to increase our workshops, vislbility. profile and membership we look forward to a bright future and more sustainable Lawnmowers.
The Lawnmowers IndependentTheatre Company (a company Ilmitsd by guarantee) Tmstees, Report (Contlnuedj Forthe ear ended 31 March 2024 structure, Governance and ManagemenL' Recruitment and Appointment of the Board of Trustees The founding tnjstees of the charity were appointed by election to the LamowerS according lo experience. Subsequent trustees were appointed by a majority vote of the trustees present at a nonnal trustees meeting. At each Annual General Meeting, one third of the members of the board for Ihe time being, or if their number is not a multiple of three, then the number nearest to one third shall retire from office. The members of the board of directors to retire shall be those who have been longest in office since their last election or appoinlmenl. A retiring member of the board of diredors shall be eligible for re-election at the Annual General Meeting unless a resolutlon for the re-ele¢tion of such a director shall have been put to the meeting and lost. Organisational Structure The Lawnmowers has a board of up to 10 members which is responsible for the longer-tenn planning and direction of the company. The board, which was made up of up to 7 members during the 23-24 accounllng year, meets been four and six times each year and holds separate subgroups as required. The board members, who have a variety of professional backgrounds relevant to the work of the charity. are trustees for the purposes of charity law and directors for the purposes of company law. The board also has three CO learning disabled shadow board members who attend meetings and disseminate infomation to other core members. A scheme of delegation is in place for the 23- 24 period and day to day responsibility for the provision of services rests with the General Manager IGM). The GM was responsible for ensuring that the charity delivered the services specified and that key perfomiance indicators were met for the year as well as supervision and development of the staff team. The Trustees are satisfied that the charity's risk management and policies and procedures adequately address risks to the charity arising from its activities and where it operates.
The Lawnrnowers IndependentTheatre Company (a company limited by guarantee) Trustees, Report (Conlinued) Forthe ear ended 31 March 2024 Trustee Induction andTraining Most trustees are already familiar with the practical work of the charity having been encouraged to visit the premises and view work and activities that the projects dellver prior to expressing an interest in joining the board. New trustees are invited to attend board meetings in advance of appointment to find out more about the role and expectations of trustees. Followng recruitment new trustees receive.. Company memorandum and articles of association Policies and procedures documents Latest accounts Current and future financial position Company business plan TTUStee code of conduct Trustee role, duties and powers The officers and members of the Trustee Board receivewritten Infomiation about roles, responsibilities and powers upon recruilmenl and attend a company induction. This is the responsibility of the existing board members and the process the company has for introducing a new employee, board member or volunteer to the environment and work. Ongoing trustee training is also the responsibility of the existing board. Trustees Code of Conduct The purpose of the Code of Conduct is to set out the relevant standards expected of Trustees of the Lawnmowers Independent Theatre Company in order to mainlain the highest standards oi integrity and stewardship-, lo ensure that the Lawnmowers Company is effective. open and accountable and to ensure good workin9 relationships. The Code of Conduct Is not a list of Trustee's legal duties, although many of the elements of the Code are based on legal principles. The conduct and practices recomrnended in this Code go beyond what the law requires in some respects, but are consistent with the law. Equal Opportunities Trustees, staff and volunteers, must affirm their commitmenl to The Lawnmowers, Equal Opportunities Policy when joining the company.
The Lawnmowers IndependentTheatre Company (a company limlted by guarantee) Trustees, Report (Continued) For the year ended 31 March 2024 Reserves PoliGy Unrestricted ReseNes The Gompany holds financial reserves to ensure that it can continue to operate and meet the needs of clients in the event of unforeseen and potentially damaging financial circumstances. The company operates with only limited financial resources. The eal¢ulation of free reseNes is based on the definition included in the charity statement of recommended practice ISORP), which provides recommendations for accounting and reporting for charities. The Irustees have examined the requirements of the Gharitable company to hold free reserves i.e. those reserves not invested in tangible fixed assets, excluding long term liabilities, or designated for a particular purpose. This exercise considered both the nomal requirements for working capital and the loss of income of a hypothetical but reasonable reduction in the scale of operations. Resulting from this. the trustees ¢onsidered it is appropriate to hold the equivalent of six months, unrestricted running costs. The trustees recognise that in the medium and longer temi Ihal the charity will need to continue to generate reserves to meet future obligations. Furthemiore, the need for the charity's seNices continue to grow and therefore the demand on future reserves will also be greater, hence the charity continues to require future funding and the support of its funding partners. Restricted ReseNes There will usually be a level of restricted reserves. These funds are restricted by the donor or funder and cannot be used for the general purposes of the Charity. Their existence, and Ihe sums of money therein, do not imply that there has been an under spend, but may result from a variety of circumstances inciuding timing differenGes between the Charity's financial year and the funding year of the project concerned. Level of Reserves As at March 2024 the reserves held by Lawnmowers amount to £336,753 in total. This is made up of.. Restricted reserves - £41,807 Six months running costs in line with Reserves Policy - £141,460 Redundancy Liability - £31,368 'Free' Reserves- £122,118 The free reserves are there to be utilised to ensure the beneficiaries of the charity do not lose out during the peaks and troughs of funding applications. Financial Aside from the relatively small amount of income generated from some of the company's cultural perfomiances and DVD sales the principal funding sources for the charity are by way of grant income from Arts Council England, National Lottery and charitable trusts and personal budget service users. The company is looking to diversify funding Streams going forward to reduGe the reliance on grant funding wherever possible. The charity does not raise funds from the public. For the perFod of this report there were no serious incidents in the charity. The charity undertook no work outside the UK during 2023-24. The charity regulates its expenditure using Strict budget controls that are agreed under our financial controls policy.
The Lawnmowers Independent Theatre Company {a company limited by guarantee) Trustees, Report (Contlnuedj Forthe yearended 31 March 2024 Investment Policy Aside from retaning a prudent amount of eamed income in resetves each year the charity's funds are to be spent in the short temi so there are no funds available for long term investment. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1084229 Company Number 3995521 Registered Office Lawnmowers Arts Cenlre, Gateshead, Tyne and Wear, NE10 OQD Trustees The trustees who served the charity during the period were as follows", C Thomas (Chair) H Florek S Gilroy V Sturrs D Barber-Allen l Briggs R Kitchen R Ramsden Appointed 2911112023 Appointed 1310312024 Appointed 1910612024 Management and Admlnlstration 2023-24 During the 23124 year there were up to seven members of staff who were responsible for the day-to- day management and administration of the company and who helped with creative development: Wendy Patterson -General Manager Claire Hills-wilson - Artistic Director (Job Share) Jan Willem Van Den Bosch - Artistic Director (Job Sha) lan Mackintosh- Finance Officer Eroy Chan- Communications Officer Humira Imtiaz- Operations Officer Other staff and supportèrs during 202>24 were.. Laura Patterson- support worker Sophie Atkin50n- drama support worker Mael Thomas- emerging support worker Sally Keys- operational support The company's regular sessional workers dLtring 2023-24 were: Brendan Murphy- percussion, glass orchestra and singing stewart Smith - Krokodile Krew, DJing, composition Conor O'Kane- Bad Taste Cru, hip hop Paul Allen Bad Taste Cru, percussion Hannah Parsonage- drama, focus group Tom Marton- drama
The Lawnmowers IndependentTheatre Company (a company Ilmited by guarantee) Trustees, Report (Continued) Forthe ear ended 31 March 2024 Staff and sessional artists work directly with young people and adults at risk with enhanced DBS checks carried out on all the individuals who are eligible to have them. Our advisors Independent Examiners Evelyn Partners (Newcastle) Limited, 17 Queens Lane, Newcastle upon Tyne. NE11RN Legal Status The charitable company is limited by guarantee and therefore has no share capital. In the event of a wnding up, every member (who is a trustee) undertakes to contribute to the payment of liabilities such amount as may be required not exceeding the total of £1. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees (who are also directors of The Lawnmowers Independent Theatre Company for the purpose of company law) are responsible for preparing the Management Trustees, Report and the financial slalements in accordance wth applicable law and United Kingdom Accounting Stsndards {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 charitable company and of the incoming resources and appllrAtion of resources, including ihe income and expenditure, of the charitable ¢ompany for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., • observethe methods and principles in the Charities SORP 2015 (FRS 102)- makejudgements and estimates that are reasonable and prudent- stale whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concem basis unless it is Inappropriate to presume that the ¢haritable company will continue in operation. The trustees a responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charttable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable Company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on . Signed on behalf of the Board homas, Chair
The Lawnmowers Independent Theatre Company (a company limited by guarantae) Independent Examiner's report to the rnembers of The Lawnmowers Independent Theatre Company For the year ended 31 March 2024 I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024 which are set out on pages 9 to 22. Responslbllities and basis of report As the charity 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 nol qUIred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 Direction5 given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examlner's 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 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respe¢t- accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rea¢hed. Craig Henderson ACCA Evelyn Partners (Newcastle} Limited 17 Queens Lane Newcaslle upon Tyne NE1 1RN Date
The Lawnmowers Independent Theatre Company (a company limited by guarantee) Statement of Financlal Activities (Incorporating the Income andExpenditure kcount) For the yearended 31 March 2024 Unrestricted Restricted Funds Funds Total 2024 Totsl 2023 Notes Income from: Donations and grants Charitable activities Investment income 22,405 162,472 1,682 127.120 149,525 139,777 162,472 105,343 1,682 158 Total Income 186,559 127,120 313,679 245,278 ExpendItU on: Raising Funds Charitable activities 22,914 134,070 22,914 14,319 123.318 257.388 257,450 Total expenditure 156,984 123,318 280,302 271,769 Net Incomel{expenditure) 29,575 3,802 33.377 126,4911 Transfers 17 Net movements in funds 29,575 3,802 33,377 { 26.491) Reconciliation of funds Total funds brought foNard 265,371 38,005 303,376 329,867 Total funds Carried foNiard 294,946 41.807 336,753 303,376 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses ha5 not been prepared. All of the above amounts relate to continuing activities.
The Lawnmowers Independent Theatre Company (a company limited by guarantee) Balance Sheet As at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 13 338 423 338 423 Current assets Debtors Cash at bank and in hand 14 12,744 341,643 47,013 267,935 354,387 314,948 Liabilities Creditors: amountsfalling due within one year 15 {17,972) (11,995) Net current assets 336,415 302.953 Total assets less total liabillties 336,753 303,376 Funds Restricted funds Unrestricted funds 41,807 294.946 38,005 265,371 17 336,753 303,376 For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not qUIred the company to obtain an audit of its accounts for the year in question in accordance wth section 476- The directors acknowledge their responsibilities for complying with the requiremenls of the Act th respect to accounting records and the preparalion of accounts The firbancial statements were approved by the trustees on..... . ... nd signed on their behalf by: Thomas Chair CompanyNumber 03995521 10
The Lawnmowers Independent Theatre Company (a company limited by guarantee) Notes to the Financial Statements For the year ended 31 March 2024 Accountlng Policies 1.1 Basis of prepardtion The financial statements have been prepared in accordance with Accounttng and Reportlng by Charities.. Slatement of Recommended Practice applicable to charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019, Charities SORP (FRS 102). the Financial Reporting Slandard applicable In the United lfjngdom and Republic of Ireland IFRS 102). the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The Lawnmowers Independent Theatre Company meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention or transaction value unless othemse stated in the relevant accounting policy note{s). The financial statements are prepared in SteTling which is the functional currency of the charity and rounded lo the nearest £. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consistently applied to all years presented unless otherwise stated. 1.2 Going concern The financiai statements are prepared on a going concern basis. The Trustees have revlewed the annual budgets and considered relevant infonnation in response to the external environment. Actual results are monitored against budget. Based on these assessments, given the measures that could be undertaken to mitigate any adverse conditions. and the current resources available. the Trustees have concluded that they can continue to adopt the going concem basis in preparing the annual report and accounts. 1.3 Funds Unrestrictedfunds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Designated funds comprise unrestrlcted funds that have been set aside by Ihe Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slatemenls. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund Is set out in the notes to the financial siatement5. 11
The Lawnmowers IndependentTheatre Company {a company Ilmlted by guarantee) Notes to the Financial Statements (Contsnued) For the year ended 31 March 2024 1.4 Incoming resources All incoming resources are included in Ihe Statement of Financial Actwities (SOFA) when the charity has entitlement to the funds, any perfornance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Income from charitable activities includes income received under contract orwherè entitlement to grantfunding is subject to specific perfomance conditions and is recognised as eamed. Grant income included in thi5 category provides funding to support performance activities and is recognised where there is enlillement, certainty of receipt and the amount can be measured with reasonable certainty. Income received to deliver services over a specific pertod covering more than one financial year is accounted for over the specific period., related expenditure is accounted when incurred. Investment income lateS to interest earned through holding assets on deposit. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees, report for more information about their contribution. 1.5 Expenditure and Irrecoverable VAT All expenditure is aOUnted for on an accruals basis and has been classtfied under headings that aggregate all costs lated to the category. Expenditure is recogni5ed where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlernent wll be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as an expense against the cost for which the expenditure arose. 1.6 Support cost allocatton Support costs are those Ihat assist the work of the charity bul do not directly represent charitable activities and include office costs, govemance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. 12
The Lawnmowers Independent Theatre Company (a Company limitad by guarantee) Notes to the Financial Statements (Contlnued) Forthe year ended 31 March 2024 1.7 Tangible fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accurnulated impaiment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful lile as follows.. Office Equipment Computer Equipment 10% reducing balance 20% straight line All assets costing more than £1,000 are capitalised, unless paid direcuy by a grant where capitalisation is not approved. 1.8 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. 1.9 Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of aulSItion or opening of the deposit or similar account. 1.10 Creditors and provisions Creditors and provisions are recognlsed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement after allowing for any trade discounts due. 1.11 Financial instNments The charity only has financial assets and finanaal Ilabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognlsed at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amorti5ed cost using the effective interest method. 1.12 Pensions The charitable company contributes to a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held separately from those of the charitable company. The annual contributions payable are charged to the Statement of Finanaal Activities. 1.13 Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore It meets the definition of a Gharitable company for UK corporation tax purposes. 13
The Labvnrnowers IndependentTheatre Company {a company limited by guarantee) Notss to the Financlal Statements (Contlnued) For the year ended 31 March 2024 Legal ststus The Lawnmowers Independent Theatre Company is a company limited by guarantee, registered in England and Wales. (No 039955211 and not having a share capitsl. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Comparative statsment of financial activities Unrestrictsd Restricted Funds Funds Total 2023 Total 2022 Notes Incomefrom: Donations and grants Charitable activities Investment income 19,346 105,343 158 120,431 139,777 230,728 105,343 99,170 158 Total income 124,847 120,431 245,278 329,898 Expenditure on: Raising Funds Charitable activities 14,319 106,469 14,319 9,714 150.981 257,450 331,791 Total expenditure 120,788 150,981 271,769 341,505 Net Incomel{expendltyre) 4,059 { 30.550) { 26,491) (11,6071 Transfers 17 Net movements in funds 4,059 (30,5501 { 26,491) (11,607) Reconclllatlon of funds Total funds brought forward 261,312 68,555 329,867 341,474 Total funds carried forward 265,371 38.005 303,376 329,867 14
The Lawnmowers Independent Theatre Company (a company limited by guarantee) Notes to the Financial Statements {Continue4 Forthe ear ended 31 March 2024 Donatlons 2024 2023 Grants Donations Donated services and facilities 127,120 11,156 11,250 127,413 1,114 11,250 149.526 139.777 Grants received. included in the above, are as follows= Arts Councll England NPO Funding The Big Lottery Fund, Reaching Communities Garfield Weston Sir James Knott Foundation Bally Thomas Other 62,120 40.000 10,000 5.000 10,000 62,120 57,500 7.793 127,413 127,120 Income from charitable activities 2024 2023 Provision of services 162,472 105,343 162,472 105,343 Investment income 2024 2023 Interest reeelvable 1.682 15e 15
The Lawnmowers Independent Theatre Company (a company Ilmited by guarantee) Notes to the Financial Statemonts (Continued) For the ear ended 31 March 2024 Analysis of expendlture 2024 2023 Expendilure on raising voluntary income 22.914 14,319 22,914 14.319 Analysis of expenditure charitable activities Activities undertaken direcdy Support costs 2024 2023 Provision of Services 236,808 20,580 257,388 257,450 236,808 20.580 257,388 257,450 Support & Governance costs 2024 2023 Trustees, board expenses etc Insurdn¢e Telephone Accountancy, legal and professional fees Depreciation 895 6,087 7,921 5,592 85 818 5.064 6,328 5,084 210 20.580 17,504 10. Net in¢omel{expenditure} forthe year This is stated after charging.. 2024 2023 Depreciation Independent examiners fee Rentals under operating leases 85 3.600 11,250 210 3,600 11,250 16
The Lawnmowers Independent Theatre Company (a company limited by guarantee) Notes to the Financial Statements fcontinuedj For the yearended 31 March 2024 12. Analysis of stsff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows: 2024 2023 Wages and salaries Social security costs Other pension costs 112,932 9,084 5,456 131,229 10.768 6,311 127,472 148,308 The average monthly number of employees during the year was as follows: 2024 Number 2023 Number Management, admlnistration & fvndraising Charflable activities During the year no (2023 - none) employees received total employee benefits (exGluding employer pension costs) of more than £60.000. The charity trustees were not paid or received any other benefits from employment in the year {2023 - £nill. No trustees were reimbursed expenses during the year12023 - £nil). No charity trustee received payment for professional or other services supplied to the charity (2023- £nil). The totsl MUneration of key rnanagement included in wages including grcss salaries. employers national insurance and other beneffts was £53,153 (2023- £65,054) 17
The Lawnrnowers IndependentTheatre Company (a company limited by guarantee) Notes to the Financial Statements (Continued) Forthe year ended 31 March 2024 13. Tangible Fixed assets Improvements Fixtures, in fittings & property equipment Computer equipment Total Cost At 1 April 2023 103,506 7,001 24,239 134,746 At 31 March 2024 103,506 7,001 24,239 134,746 Depreciation At 1 April 2023 Charge for the year 103.506 7,001 23,816 85 134,323 85 At 31 March 2024 103,506 7,Q01 23,901 134,408 Net book valuè At 31 March 2024 338 338 At 31 March 2023 423 423 1& Debtor5 2024 2023 Trade debtors Prepayments and accrued income Other debtors 7,600 1,870 3,274 6,845 31,290 8,878 12,744 47.013 15. Creditors: Amounts falling due withln one year 2024 2023 Trade creditors Accruals Other creditors 2,962 28,15Q 1.074 17,122 814 17,972 32,186 18
The Lawnmowers IndependentTheatre Company (a company limited by 9uarant&e) Notss to the Financial Statements {ContsnuedJ For the year ended 31 March 2024 16. Pension costs The charitable company operates a defined Gonlribution pension scheme, during the period ¢onlrtbutions of £5.456 (2023- £6,311) were paid into the scheme. At the year end, £nil was payable to the pension provider. 17. Fund reconclllation earended arch 2024 At 1 April 2023 At31 March 2024 Income Expenditure Transfers Unrestricted funds 265,371 186,559 { 156,984) 294,946 Totsl unrestricted funds 265,371 186,559 { 156,984) 294,946 Restricted funds Restricted capital fund Big Lottery Reaching Communities Arts Council.. NPO Arts Council: Catalyst LCEP Arts Council- Film It's a Dead Good fe Sir James Knott Trust Garfield Weston Bally Thomas 423 {85} (40,000) 162,120) 338 40,000 62,120 33,444 500 1,113 2,525 33,444 500 {1.113) 2,525 5,000 5,000 10,000 10.000 (10.000) { 10,000) 38,005 127.120 (123.318) 41,807 Total 303,376 313,679 (280.302) 336,753 19
The Lawnmowers IndependgntTheatre Company (a company limited by guarantee) Notes to the Financial Statements (Continued) Forthe yearended 31 March 2024 17. Fund reconciliation (Contlnued) Yearend 31 March 2023 At 1 April 2022 At 31 March 2023 Income Expenditure Transfers Unrestricted funds 166,326 124,847 (120,788) 94,986 265,371 Designated fvnds Personalisation agenda 94.986 194,986) Total unrestricted funds 261.312 124,847 1120.7881 265.371 Restricted funds Restricted capital fund Big Lottery Reaching Communits'es Arts Council: Catalyst Erasmus LCEP Arts Council.. Film It's a Dead Good Lrfe UNN Film Digital Transfomialion Fund DC Specific IB 633 (2101 (57,5001 188,6201 (12,182) 423 57.500 62,120 39.944 12.182 500 302 2.525 1,800 8,356 2,313 33,444 500 1.113 2,525 811 (1,800) (8,356 } (2.313) 68,555 120,431 (150,981 } 38,005 Totsl 329,867 245,278 (271,769) 303,376 20
The Lawnmowers Independent Theat Company {a company limitèd by guarantee) Notes to the Flnancial Statements (Continued) For the year ended 31 March 2024 LCEP Funding was received help with project management costs. It's a dead good lrfe A film highlighting the issue of growing old with a leaming disability. UNN Film Scoping a research project into living with a leamlng disability. Digital Transfomiation Fund Improvements to IT infrastructure. Art5 Council England.. NPO Funding towards the organisation arts programme and development. Arts Council England.. Film A Project Grant towards the filming of Retake, Remake and part of the organi5ation Covid Recovery Response. DC Specific IB A personal budget administered through the organisation of a member. 18. Related party transactions There have been no related party transactlons in the year 22
The Lawnmowers IndependentTheatre Company (a company limited by guarantee) Notes to the Financial Statements {Continu¢dJ Forthe ear ended 31 March 2024 19. Fund reconciliation (contlnuedj Restricted funds CSDI Funds were received to explore procurement in the voluntary sector. Restricted capital fvnd Have been received towards the property improvements and computer equipment, where they are being amortised over their expected useful life. The Big Lottery Reaching Communities Funding exdusively towards the Revolution Programme. This has included an early payment of 20121 grant which has been designated in 19120 accounts. Arts Council England.. Catalyst A consortium grant. Lawnmowers will develop digital profile and explore and create a digital fundraising mechanism and an audience development website. Erasmus A significant grant award from Erasmus was to help us develop a European youth community. Together we will write. dired and host 2 large-scale theatrical dance perfomiances (March 2019 - France, June 2020 - Poland) and put together a documentary with the help of Pdish stakeholders. Students will attend a great variety of live perfomiances, festivals and events in their home towns and abroad and learn how to review them, acquiring critical skills and greater arbstic knowledge. Working with partners we wll offer students an unprecedented insight into the diversity of Europe and a unique opportunity to travel, meet teenagers frorn other countries and for their counterparts to improve Iheir English language skills. 21