Company Registration Number 04228305 Charity Number 1088593 JUMPED UP THEATRE (A Company Limited by Guarantee) Unaudited Financlal Statsments for the year ended 31 March 2024 JUMPED UP THEATRE ywry)u.- PETERBOROUGH S STOR Y IS CHANGING
JUMPED UP THEATRE Index for the year ended 31 March 2024 Legal and Administrative Infonnation Trustees, Annual Report Independent Examinerfs Report ststement of Financial Activities Balance Sheet 10 Notes to the Financial Statements 11-20
JUMPED UP THEATRE Legal and Administrative Infom?ation for the year ended 31 March 2024 Trustees Mark John Smedley Jennrfer Huygen Claire Diane Ward James Duncan Brindle Chair Appointed 10 May 2023 Appointed 30 September 2024 Retired 31 May 2024 Julia Avril Menna Clague Rev Helena Mary Del Pino Secretary Katharine Louise Hall Company Reglstratlon Number 4228305 Charity Reglstratlon Number 1088593 Regl8tered office 29 All Saints Road Peterborough PE12QT Independent examiner Kenneth James Maggs Hoekman way Spalding PE113HE Banker8 National Westminster Bank PIC Waterside Court Westem Avenue Chatham Manb'me Kent ME4 4RT
JUMPED UP THEATRE Trustees. Annual Report for the year ended 31 March 2024 The trustees, who are also directors ft)r the purposes of the Companies Ac( have pleasure in psentIng their report and the financial statements of the charitable company for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practi (SORP) "Accounting and Reporb'ng by Charities. in preparing the annual report and financial statements of the charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution Jumped Up Theatre is a company limited by guarantee with no share capitsl. which was incorporated on 4 June 2001 and was registered in England and Wales as a charity on 26 September 2001 (charity number 1088593, company number 4228305). Trustees The trustees. who are also directors during the period from 1 June 2022 to 31 March 2024, were.. Mark John Smedley Chair Jennifer Huygen Rev Helena Mary Del Pino Claire Diane Ward Retired 31 May 2024 James Duncan Brindle Appointed 10 May 2023 Appointment and induction of trustees New trustees are appointed through an open recruitment process and appointed by existing trustees. Potential candidates submrt a CV and expression of interest Candidates fulfilling the criteria are presented to at least one existing trustee and the Creative prodUr. The roles and responsibilities of a Trustee are explained and infomiation about the charitable company will be shared, including the opportunity to obseNe Board meets'ng if appropriate. The trustees will agree together on any appointments to be made. At the following Board Meeting, the Trustee will be COpted after declaring that there is no reason why they should not be a Trustee or are eligible under the Charities Act 2011. Successful appointments will be gNen induction training wth the organisation which will include contact time with all the staff, briefing on the structure and operational activities of the company and aC$S to all key strategic documents including funding bids and current business plan. Organisational structure and declsion making The board of trustees meet regularly to administer the charty and detemine its strategic and general policies. The day to day management of the charity's operab'ons is the responsibility of the Creative Producer and charitsble company secretsry. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up. A creative team of freelanrS are recruited for individual projects, wth contracts based on the relevant industries conditions of employment, alongside a team of three part-time staff equNalent to 2.2 full time staff. Risk management The Board of Trustees has conducted its own review of the major risks to which the charitable company is exposed and systems have been established to miti'gate those risks. The company is dependent on project funding to support its planned activities but has controls in pla to manage the risks associated with a shortfall in funding. Financial systems are reviewed annually and the Board is kept infomed of the financial position of the company through quarterly management reports. Internal risks are minimised by the implementation of procedures for authorisakn'on of all transactions and projects and to ensure qualty of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
JUMPED UP THEATRE Trustees. Annual Report (continued) for the year ended 31 March 2024 OBJECTIVES AND ACTIVITIES Charltable objects The objects of the charity are to advan educath.on for the public benefit by the promob'on of the arts, in particular but not exclusively. the art of drama. Our vislon To create a fair and thriving society shaped by arts and culture. Our mlsslon To make a posrtrve change for communities through access to the arts. Our goals Our goals are to.. 1. Make Peterborough's cultural programme more successful and relevant,. 2. Increase participatj'on in the arts for all; 3. Support artists to create new audiences for the arts. In planning the charity's acts"vities, the Trustees have given due consideration to guidan published by the Charity Commission relating to public benefft as well as the charity's own vision, mission and goals. REVIEW OF DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS Actlvltles and achlevements PROGRAMME Jumped Up Theatre celebrated two major milestones in 2023124. Firstly, it has been 30 years since of a group of drama graduates from Loughborough University took the company's first show, New Anatomies by Timberlake Wertenbaker to the Bedlam Theatre as part of the Edinburgh Fringe Festival. Jumped Up proceeded to tread the well-wom paths of touring the UK and presents'ng work on the London fringe, with a focus on new work, women's stories, and Shov in non-traditional settings. The company made a new home in Peterborough 18 years ago, making with and presents'ng work in a young, diverse and rapidly changing city. Secondly, in April 2023 Jumped Up transitioned from being a project-based organisation to a becoming one of Arts Council England's new National Portfollo Organisatlons, fvnded upto March 2026. Arts Council England funding is £150K per annum. with an expectakn'on of raising approximately another £70K per year on average, through earned income and other grants. to deliver the agreed NPO programme. This significant change has afforded the company stabilty, and the time and capacty to make long tem plans for delivering work in Peterborough. In 2023124 this has required a focus on poliCS and process, starting with legal, financial and HR requirements, and has since turned to focus on equality, diversity and inclusion. both culturally and for people who are disabled. This is happening both internally (community consultation, staffing, and development of the board of trustees). and externally (including the commissioning of artists and reaching audiences). The staff (of bNol have moved onto contracts and the organisation has started to build the team with a new Marketing Apprentice and a freelance Events Manager. The aim is of a team of five (part-time) staff by December 2025, when match-funding targets have been secured. The programme has also been supported by three freelan Agents for Change, consulting on the needs and aspirations of culturally diverse, disabled and young audiences and participants. Additional professional HR and financial capacity and skills has also been bought in where needed. Trustee expertise has been utili*d to upskill staff and the young practitioners of the New Creatives in Environmental Responsibilty awareness. Being an NPO is also allowing Jumped up to consolidate its programme, testing whFch strands to grow and where to focus energy and resources.
JUMPED UP THEATRE Trustees, Annual Report {contlnued) for the year ended 31 March 2024 Financlal Sustalnability The company's first application to become an Arts Council England's National Portfolio Organisation was successful, with funding secured from April 2023 - March 2026. The proposal was focused on developing the company from project based to stratsgic delivery, diversifying partnership relatsonships, and match fundraising or earned incorne of at least £214K over the three years. Environmental Sustainablllty Priorities have been to ensure recycling at events, responsible purchasing of print and consumables, and encouraging visth.ng artists use public transF)orL FUTURE DEVELOPMENTS Fundlng In April 2023, Jumped Up became an Arts Council England's National Portfolio Organisation and is committed to a specific programme of Yrk which builds on the company's past successes and neOrk of relationships. To deliver the programme, additional match-funding is required. Programme Aprfl 2023- March 2026 The main elements of the programme are: Participation programme - focused on dance, developing new participants and groups, and a support neOrk for dance arts.sts and communty leaders interested in dance. Festival programme- focused on providing immersive and interactive performance experiences for children, families and young aduts. New CateS - creative campaigns delivered through workshop activity and public events, co-created with a young leadership group, whom will have development opportunities and act as a sounding board reviewing the company's wider programme. Developing Jumped Up's govemance structure including trwo Agents For Change acting as Critical Friends, in particular addressing how Jumped Up serves the needs of disabled artists and audiences, and artists and audiences from Peterborough's diverse communitr'es. FINANCIAL REVIEW The review of activities throughout the period explains much about the income and expenditure but the full details of the financial activities and the financial postbon at the year end are detai in the financial statements on pages 9 and 10 in addib'on to the notes following thereafter. RESERVES POLICY Restricted funds must be spent on the projects dictated by the donor and therèfore the detsils in note 10 provides full details of how these funds can be spent in future periods. In summary, the restricted funds total £78,146 {2023- £15,182} The term "Reserves" is used to describe that part of a chantsvs income funds that is freely available for its operating purposes not subject to commitments. planned expenditure and spending limits. Reserves do not include endowment funds. restricted funds or designated funds. The reserves that we have set aside provide financial stability and the means for the development of our principal activity. We intend to maintain our resep4es at a level which is at least equivalent to £23K, which all0v for a minimum period of operakn'on. plus grants fvnds that reflect projected expenditure in that quarter and financial commitments for the following quarter. Other unrestn'cted reserves will be used for Research and Development activity that develop ongoing fundraising plans The level of 'free resenies. at 31 March 2024 amounted to £23,000. The Board regularly reviews the amount of reserves every quarter to ensure that they are adequate to fulfil our continuing obligations. The board consider this level of reserves to be adequate but not excessive.
JUMPED UP THEATRE
Trustees. Annual Report (continued)
for the year ended 31 March 2024
INDEPENDENT EXAMINER
A resdutson to re-appoirrt Mr K J Maggs as Indepdent examiner for Ihe ensuing year will be proposed at
the annual general meeti1.
TRUSTEES. RESPONSIBILMES
The trustee5 (¥*K) are also direct(X5 of JuMj Up Theatre for the wrposes of c(¥npany law) are
responble for preparing the TTus&s Annual ReFKYt and the financial statements in acixlrdance wrth
applicable law and Unrted Accwnts"ry Standards (United lfjwJom Generally A(xepted Accounb'ng
Practsce).
Company law require5 the trustees to prepare financial statements for each finanoal year vthich give a true
and fair view of the state of affairs of the chaTrtaNe
Independent Examinerfs Report to the trustees of the JUMPED UPTHEATRE I report to the chanty tnjstees on my examinats"< of the a(wunts of the chantyfor the year ended 31 March 2024, thich are set <xrt pages 9 to 20. RespsibIlI105 basis of report As the thanty trustees of the c(Nnpany (and also ils (liredors for Ihe purpcses of company law) you are responsible for the preparation of the accounts in aCC(dance wtlh the requirements of the Companies Act 2{ {'Ihe 2006 Acr). Halllng sat15rd myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligite for indewdent examinati(. I report in respect of my examinati(Jn of yDur companys accounts as <xrried out under section 145 of the Charities Act 2011 ('the 11 Act,). In carrying out my examinakn'on I have fdIcwd the DireCti(S 9pn by the Chanty CoYnmi5sion under Section 145(5)(b) of the 2011 Act. Indyndent examlnef8 Statement I have completed my examinatson. I confimT that no matters have ccme to my attents. in connection viith the examinats'on grving me cause to tlIeVe that in any material rested: acc¢yJnts'ru records were not kept in res of the charity as required by section 130 of the ACL. or 2. ts a(mints do not accffll Iwlh tIM)8e red$. 3. the accc¥Jnts do not comtyy Ihe aco)unbrKJ requirements of section 396 of the 201% Act other than any requirement that the accounts give a Irue and fa'r vithrf knthich is not a matter cA)nsidered a8 part of an independent examination: or 4. the accounts have not been prwared in accA)rdance vlth the methods and prin(aples of the Statement of Recommended Practice for accounting and reportj'ng ty charities applicable to (arib'e8 prepan'ng their accounts in accordan with the Financial Rerting Standard appltcable in the UK and Republic of Ireland {FRS 102). I have no )ncernS and have come a(x088 fK• ¢ther matters in C10n *fjth the examination to which attentim 8hould be dra in Ihis rewt in order to enaL4e a woper understanding of the xcounts to be reached. Chartered Spalding nlant Date: . 2024
JUMPED UP THEATRE Statsment of Financial Activitles (including Income and Expenditure account) for the year ended 31 March 2024 10 months ended 3110312023 Total Funds Year ended 31 March 2024 Unrestricted Restricted Total Funds Funds Funds Note Income from: Donations and grants Charitable ath'vits'es Investments Theatre tax relief claimed Total Income 6,375 3.948 197,936 674 204,311 4,622 65,186 25,479 22,595 32.918 22,595 231,528 198,610 90,665 Expendlture on: Charitable activities Total expenditure 270 127,422 127.422 127,692 127,692 103,658 103,658 270 Not income l (expenditure) Transfer8 botwean funds Not movement in funds 32,648 71,188 103,836 (12,993) 8,224 40.872 8,224 62,964 103,836 (12,993) Reconclllatlon of funds.. Totsl funds brought foD•vard Total funds carried for4vard 39,072 79,944 15,182 78,146 54,254 158,090 67,247 54,254 10 All of the activities of the charity are classed as conts'nuing activib'es. The statement of Financial ACtiv.e$ includes all gains and losses recognised in the year. The notes on pages 11 to 20 fomi part of these financial statements.
JUMPED UP THEATRE Balance Sheet At 31 March 2024 31 March 2024 31 May 2023 Note Fixed assets Tangible assets 1.552 723 Current assets Debtors Cash at bank and in hand 11,150 150,412 161.562 5,300 50,922 56,222 Creditors: Amounts falllng due within one year (5.024) (2.691) Net current assets 156,538 158,090 53,531 54,254 Total assots less current liabilities Funds Unrestricted Restricted 10 10 79,944 78.146 158,090 39,072 15,182 54,254 The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime for the year ended 31 March 2024, the charitable company was entitled to exemption from audit under Section 477 of the Companies Acr 2006 (the Act) relats'ng to small companies. Trustees responsibilites= (i) The members have not required the charity to obtain an audit of its aco)unts for the year in question in accordance with Section 476 (li) the directors acknowledge their responsibiliti'es for complying with the requirements of the Act with respect to accounts'ng records and the preparalion of accounts. These financial ststements were approved and authorised by the Trustees on the ............ are signed on their behalf by. . 2024 and Mark Smedley - Chair Company Number. 4228305 The notes on pages 11 to 20 form part of these financial statements. 10-
JUMPED UP THEATRE Balance Sheet At 31 March 2024 31 PAarch 224 31 May 2023 Flxed assets Tangible assets 1.552 723 Current assets 11.150 150,412 161.562 Cash at bank and in hand Credltors: Amounts falling withln onè yew Nat ¢urrent assets (5,024) (2.691) 156.538 158.09) Totsl wet• current HabilitlaB 53,531 54.254 Fund8 Unrestn'cted 10 10 39.072 15.182 54,254 78.146 158.09) The accnts have been prepared in accordance with the provtsions applicable to companies subject to the 8mall c(xnpanies regime for the sear ended 31 Mard12024. the charitable company was entstled to exempti(m audil under Section 471 of tr Cunpanie8 Acr 2[ (ttje Act) relabng to small companies. Tru8tee8 IEsPDn8i'IlteS: (i) The members rKJt required the chan.ty to (•tain an audit its aLrnts for the year in questron In accordance wilh Sect1 476 (li) Ihe directors aCkrge their respjnsilx'liti'es for comFty'ivJ with the requirements of the Act wrth respect lo accounling rewds and the weparation of acix>unts. These financial statements were apyo¥Ed and auth(xised by the Trustees on the are signed on their behalf b 2024 and Smedlty- CPbair Company Number. 4228305 The notes C S 11 to 20 fm part of Ihese financial statements. 10-
JUMPED UP THEATRE Notes to the Financial Statements for the year ended 31 March 2024 1. Accounting policies General information and basis of accountlng Jumped Up Theatre is a company limited by guarantee registered in England and Wales. In the event of the charitable company being wound up, the liabilty in respect of the guarantee is limited to £1 per member of the charity. The trustees fo the membership. The address of the registered office of the charity is given in the charity infomation on page 1 of these financial statements. The nature of the charitjls operations and principal activities are detailed in the trustees report on pages 2 to 7. The charity constitutes a public benefit entty as defined by FRS 102. The financial statements have been prepared in accordan with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charits'es preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial ststements are prepared on a going concem basis under the historical cost convention, modified to include certain items at fair value. The financial ststements are presented in sterling which is the functional currency of the charty and rounded to the nearest £. The significant accounting policies applied in the preparatj'on are set out below. These policies have been consistently applied to all years presented unless otherbvise stated. Year end The accounting reference date for the charity has been amended to bring rt in line with a majority of the funders and therefore changed to be the fiscal year end. This will simplify the reporting and information feedback to those key parties. Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds vrfhich are to be used in accordan with specific restrictDns imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administerlng 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 statements. Income rocognltlon All incoming resources are induded in the Statement of Financial Activities when the charity is legally entitled to the income after any perfomance condits'ons have been me( the amount can be measured reliably and it is probable that the income will be recetved. For donations to be recognised the charity will have been nob'fied of the amounts and the settlement date in writing. If there are conditions attached to the donats'on and this requires a level of perfonmance before entitlement can be obtained then income is deferred unts'l those conditions are fully met or the fulfilment of those conditions is within the control of the charity and tt is probable that they will be fulfi'lled. Donated facilities and donated professional servi$ are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Income from government and other grants are recognised at fair value when the charty has entitlement after any perf0mlan condFtions have been met, it is probable that the income will be reiVed and the amount can be measured reliably. If ents'tlement is not met then these amounts are deferred. 11
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 1. Accounting poli¢ies Icontlnued) Income recognition (continued) Income from trading activrties includes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supptying goods and services in order to raise funds and is recognised when entitlement has occurred. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company" this is normally upon notification of the interest paid or payable by the bank. Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or construckn've obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT Is charged as an expense against the activty for which expenditure arose. Charitsble activty expenditure is detailed in note 4 to the financial statements. These expenses are subcategorised betw&n charitable activities. support costs and govemance costs. Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, computer costs, and bank charges. They are incurred directly in support of expenditure on the objects of the charty. Governan costs are costs of charitable activ"eS but those which relate to the govemance and stewardship of the charity rather than directly to the ath"vth'es themselves. Support costs and Govemance costs are allocated to applicable restricted funds based on the level of income that each project earns for the charity Employee benefits When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The charty operates a defined contribution plan for the benefft of its employees. Contributions are expensed as they become payable. Fixed assets Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. The charity has a policy to only capitalise items which exceed a cost of over £150. Depreciatlon Depreciation is provided on all tangible fixed assets, at rates calculated to vffite off the cost, less estimated residual value. of each asset on a systemats"c basis over its expected useful life as follows: Computer equipment 200/0 per annum straight line Debtors and creditors receivablelpayable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction pri. Any losses arising from impaiment are recognised in expenditure. Taxation The charity is an exempt charity wthin the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definth.on of a charrtable company for UK Cofporation tax purposes. 12-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 1. Accounting policles (continued) Going concern The financ[ statements have been prepared on a going nCern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising the* financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going COnrn. Judgements and key sources of estlmatlon uncertalnty The preparats'on of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectatjons of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period In which the ests'mate is revised if the revision affects only that period or in the period of the revision and future periods rf the revision affects both current and fvture periods. Operating lease agreements Rentals applicable to operab'ng leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. 2. Income from donatlon8 and grants Total Fund8 2024 Unre8trlcted Re8trict•d Fund8 Funds Unrestricted and Totsl 2023 Donatlons 335 335 500 Employers Allowance Central government grants 4,090 4.090 4,090 4,090 3,229 3,229 Grants received from partners Peterborough City Council BAC programme CTN3 Local govemmont grants 1,950 1,950 19,339 14,000 14,001 14,000 15,951 1,950 19,339 Arts Council England Arts Council England - Nats'onal Project Grant Hyde Charitable Trust Kickstart Apprentice grant & income National Lottery Nene Park Trust Norfolk and Norwich Festival Trust 1nstituts.onal grants Total grants Total donab'ons and grants 150,000 1,085 13.500 150,000 1,085 13,500 31,897 5,221 9,350 10.000 9,350 10,000 5,000 42,118 183,935 183,935 6.040 6,375 197.936 197,936 203,976 204,311 64,686 65,186 13-
JUMPED UP THEATRE Notss to the Financial Statements (continued) for the year ended 31 March 2024 3. Charltable actlvities income Total Funds 2024 Unrestricted and Total 2023 Unrestricted Restrfcted Funds Funds Box office income Participation Programme Income other earned income 2,127 261 1.560 2.127 935 1,560 2,756 22,723 674 3,948 674 4,622 25,479 4. Charitable activities expendlture Unrestricted Restricted Funds Funds Total 2024 Total Funds 2023 Charitable activlties Advertising and promotion of shows and seasons Project evaluation Project costs Theatre company development Education and outreach Travel and accommodab'on Venue hire 1,704 1.704 3,100 309 38.160 5.205 7.082 403 309 38,160 5,205 7,082 403 87 52,976 209 813 1,910 59,095 52,863 52,863 Support costs Salaries Social security costs Pension Extemal stsff costs Bookkeeping and payroll fees Website and hosting General markets.ng and promotion Insuran IT software and consumables Subscriptions mislIaneOuS expenses Legal and professional fees 8ank charges and similar costs Depreciation Note 5 Note 5 Note 5 54,412 4,090 989 7,656 2,002 245 54,412 4,090 989 7,656 2,002 245 33,166 3,229 721 1,206 443 2,165 555 850 483 483 646 405 469 1,511 90 270 405 469 1,511 go 411 270 178 270 72,998 73,268 42,924 Governance costs Independent examination fee Annual retums and taxation fees Trustee training Companies House fees 810 350 388 13 810 350 388 13 960 550 116 13 1.561 1,561 1,639 103,658 Total overhead expenses Costs allocated to specific projects Charitable activities expendiiure 270 127,422 127,692 270 127,422 127.692 103,658 14-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 5. Staff costs and employee beneffts The aggregate payroll costs were.. 2024 2023 Wages and salaries Social security costs Other pension costs 54,412 4,090 989 33,166 3,229 721 No employee received total employee benefits (excluding employer pension costs) of more than £60,000 in either the current or pnor year. The monthly average number of staff during the year was 1 (2023 - 1). No amounts are payable to the trustees in respect of remunerats'on, benefits in kind or reimbursement of expenses. 6. Tanglble fixed assets Offlce equipment Total Cost At 1 April 2023 Additions At 31 March 2024 1,258 1,099 2,357 1,258 1,099 2,357 Depreclatlon At 1 April 2023 Charge for the year At 31 March 2024 535 270 535 270 805 805 Net book valua At 31 March 2024 1,552 1,552 At 31 March 2023 723 723 7. Dabtors 2024 2023 Trade debtors Other debtors Prepayments 11,000 4,970 274 56 150 11.150 5,300 8. Creditors: Amounts falling due within one year 2024 2023 Trade creditors Taxation and social secunty Pension Accruals and deferred income (see note 9) 990 1,659 240 2.135 1,059 257 1,375 5.024 2,691 15-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 9. Deferred incomo 2024 2023 Project income Grant income 1,000 482 1,000 The Project income has been deferred due to the event being held after the year end. The Grant income has been deferred in order to allocate the income over the period of the grant, which related to a number of young people over the period from 1 January 2024 to 31 May 2024. 10. Statement of funds Movement in resources Balance at 1 Aprfl 2023 Balance at 31 March 2024 Incomlng Outgoing Transfers Unrestrlcted funds General fund Designated funds Total unrestricted funds 23,072 16,000 39,072 32.918 (270) (32,720) 40,944 8,224 23,000 56,944 79,944 32,918 {270) Restricted funds Moving Roots ACE - Nakn'onal Portfolio Organisations Community Lottery fund CTN3 programme Norfolk and Norwich Festival Bridge Cultural Allian 12,855 1,086 (13,192) (749) 46,374 150,674 {104.300) 9,350 14.000 (1,072) (6,525) 8,278 (7,475) 2,327 (2.327) 10,000 13,500 198,610 (6) 9,994 13,500 78,146 Hyde Charltable Trust Total restricted funds 15.182 {127,422) (8,224) Total funds 54,254 231,528 (127,692) 158,090 16-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 10. Statament of funds (continued) Analysis of net assets Tangiblo fixed assets Cash and bank Other net assets Total Unrestricted fund8 General fund Designated funds Provision for future premises move Activity Support 2025126 Total unrestricted funds Restricted fund8 ACE - National Portfolio Organisations Community Lottery fund Cultural Alliance Hyde Charitable Trust Total restricted funds 1,552 72,345 6,047 23,000 22,595 34,349 72,345 22,595 34,349 79,944 1.552 6,047 46,295 8.278 9.994 13,500 79 46,374 8,278 9,994 13,500 78,067 79 78,146 Total funds 1,552 150,412 6,126 158,090 Descrlptlon of funds Designated fund8 relate to unrestricted fvnds which the trustees have allocated for specific projects which are ongoing at the year end. Movlng roots is a creative touring network led by Battersea Arts Centre. Funding has been made available for this project but we have put aside funds as designated from our unrestricted reserves. The transfer relates to overheads costs allocated from previous years when the exercise had not been conducted. This fund includes ACE - Right Here, Right Now and ACE Jo Fong which vrfere funds provided for simpler programs and funds We interchangeable. ACE Jo Fong represents monies received from the Arts Council England for the purposes of our Communlty Professional Dan in Peterborough proJect. The Send part of the grant amounting to £3,377 was received after reaching the required milestone in June 2023. Any excess expenditure will be met by designated funds. ACE - Rlght Here, Rlght Now represents monies received from the Arts Council England for the purposes of our project under the same name being a youth Zine for Peterborough. The income this year was the final instalment after reaching the required milestone in October 2022. Any excess expenditure will be met by designated funds. ACE - Natlonal Portfolio Organlsatlons represents monies recetved from the Arts Council England for the purposes of delivering the spea'fic activities to which we have committed, including achieving the targets we have set. Plans can be adjusted to respond to business and other factors but changes need to be agreed in advance. Northem Soul I Soul and Body fund covers the interlinking Northem Soul of Peterborough project and the Body & Soul sessions which have been fvnded by the Heritage Fund and Community Fund. If the Coronavirus Pandemic had not effected the year, events and sessions would have been expected to consume the funds provided and any deficit would be cOVed from General Funds. The project was completed during the year ended 31 May 2022 and eXsS funds were transferred to General Funds as in accordan the funding agreement. 17-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 10. Ststement of funds (continued) De8crlptlon of funds (continued) The Community Lottery Fund represents fvnding received the National Lottery Community Fund (Grant of £9,350) in order to assist funding our project, Dan Inc. This project is a leadership and creativity programme ntred on well-being and CPD for grassroots activists in Peterborough. Monthly sessions will run other 8 months., supporting community leaders well-being and investing in their professional skills and networks. Creakn've practise that explores indusion. resilience and care will run alongside complementary; fomal leadership training delivering grounded insights and tools. The result will be a dynamic body of community leaders" both established and emerging. better equipped and neOrked to deal with the challenges of supporting their own diverse cultural and disadvantaged communits'es. CTN3 programme relates to the Collaborative Touring Network which aims to commission innovative and game<hanging touring projects. Any deficit in the funds will be covered by unrestricted funds and any surplus will need to be refunded, although this is not expected to be the case. Norfolk and Norwich Festival Bridge relates to funding granted by the Norfolk and NoNiich Festival Trust. a charitable organisation registered in England and Wales. The project being funded was to deliver the Research and Development activty as outlined in a proposal submitted to the Trust. The activity explored the question: How can using creativty on digitsl platFomis develop skills and confidence in young people to have agency over the issues that matter to them? The charity participated in the 'Moving IT On, cohort. The funding had a minimum expectation of participation in a project start meeting with the Trust and participab'on in three meets.ngs with the cohort convened by the Trust. This was all successfully achieved and full funding provided. Any excesses are set against staff costs in accordance th the agreement. The CuEtural Alliance have commissioned up to tsvelve monthly Peterborough Culture Forum sessions. These sessions are supporting and connecting artists, arts organisations and community groups in the Peterborough area across both the 2023124 and 2024125 years. Hydo Charitable Trust represents funds provided by Hyde Housing Foundation in order to fund the Code Green workshops of parkour, street art and skateboarding in schools and four skateparks. These projects in June to August 2023, and at Peterborough College on Wednesday 18 September. The funds have not been deferred because the planning and acts.ons had started prior to the event dates. 11. Transfèrs Many of the 'Restricted funds are interchangeable, i.e. funds are received for a project but then excess funds received can be used for the other similar projects and therefore funds transferred beeen restricted funds where available. Funds are released to the General funds when the project has been completed and the funder does not require excess funds to be returned in order to enable future similar work to be undertaken. 12. Control relationship The charity is controlled by the trustees jointy and no individual can or does exert control over the others. 18-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 13. Fund compardtives 2023 Unrestrlctsd Restricted Fund8 Funds Totsl Fund8 Incomo from: Donations and grants Charitable acts'vities Total Income Expgndlture on.. Charitable activities Total expendlture Net expendlture 8,950 25,479 34,429 56,236 65,186 25,479 90,665 56,236 20,709 20,709 82,949 103,658 103,658 82,949 13,720 (26,713) 112,993} Movement In resources Balance at 1 Aprll 2022 Incomlng Balance at Outgoing Tran8fer8 31 March 2023 General funds General funds Designated funds Totsi unrestricted funds Restrlcted funds Moving Roots ACE- Jo Fong ACE - Right Here, Right Now Northern Soul I Soul and Body Tribute to Bollywood Sounding Board Projects CTN3 programme Norfolk and NoThvich Festival Bridge Total restricted funds 15.324 10.028 25.352 34.429 (20,709) (5,972) 5,972 23,072 16,000 39,072 34,429 (20,709> 19,493 19,339 30,398 1,499 (14,554) (34.947) (15,CI%8) (11,423) 4,549 13,569 {13,702} (246) 7,255 (2) 12,855 13.702 1,007 (7,255) 14.948 (781) (14,946) 5,000 (2,673) 2.327 41,895 56,236 (82,949) 15,182 Total funds 67,247 90,665 (103,658) 54,254 19-
JUMPED UP THEATRE Notes to the Financial Statements (continued) for the year ended 31 March 2024 13. Fund comparatlves {contlnuedl 2023 Analysis of net assets Tangible fixed assets Cash and bank Other net assets Totsl Genernl funds General fund 723 19,740 16,000 2,609 23,072 Designated fund Total unrestricted funds 16,000 723 35.740 2,609 39,072 Restricted fvnds Moving Roots NorfoSk and Norwich Festival Bridge Total restricted funds 12,855 2,327 12,855 2,327 15,182 15,182 Total funds 723 50,922 2.609 54,254 -20-