2021-10-31-accounts

Trustees' Annual Report for the period

	Period start date	Period start date			Period end date
From	01	10	2020	To	31 10	2021

Section A

Reference and administration details

Charity name The Changeling Theatre Company

Other names charity is known by

Registered charity number (if any) 1094674

red charity number (if any)	1094674
Charity's principal address	Pleasant Farm
	Plough Wents Road
	Chart Sutton
	Postcode	ME17 3SA

Names of the charity trustees who manage the charity

Robert Forknall

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name
Arthur Blair Gulland	James Slaughter (appointed 1 March 2016)
	Robert Forknall
Geoffrey Quinn	Wilhelmina Nina Cooper

Names and addresses of advisers (Optional information)

Type of adviser	Name	Address
Accountant	Nadine Lamont-Brown	Old Cottage, The Green, Boughton Monchelsea,Kent

Name of chief executive or names of senior staff members (Optional information)

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Section B

Structure, governance and management

Description of the charity’s trusts

Type of governing document

Trust deed

• (eg. trust deed, constitution)

How the charity is constituted Company limited by guarantee

• (eg. trust, association, company)

Trustee selection methods Appointed by existing trustees

• (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• Take professional advice as required.

• Regular review process.

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

• trustees’ consideration of major risks and the system and procedures to manage them.

Section C

Objectives and activities

Promotion of culture and the arts for public benefit.

Summary of the objects of the charity set out in its governing document

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The performance of plays in public places, particularly those by William Shakespeare. We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

. You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

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Section D Achievements and performance

The performance of A Midsummer Night’s Dream at several outdoor Summary of the main venues during July and August, attracting substantial audiences at achievements of the charity all venues. during the year

Section E	Financial review	Financial review
		The Reserves Policy for The Changeling Theatre Company is to hold a sum
Brief statement of the charity’s policy on reserves		that should be sufficient to meet any unforeseen item of major expenditure. As part of our forward planning, expenditure forecasts are prepared looking
		1 year ahead.
Details of any funds materially in deficit		There are none.

Further financial review details (Optional information)

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You may choose to include additional information, where relevant about:

• the charity’s principal sources of funds (including any fundraising);

• how expenditure has supported the key objectives of the charity;

• investment policy and objectives including any ethical investment policy adopted.

Section F

Other optionalinformation

Section G

Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Robert Forknall Position (eg Secretary, Chair, Chair etc)

04/08/2022 /

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THE CHANGELING THEATRE COMPANY

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

THE CHANGELING THEATRE COMPANY

CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 October 2021

	Page
Company Information	1
Report of the Trustees	2
Income Statement	3
Balance Sheet	4
Notes to the Financial Statements	5
Detailed Income and Expenditure Account	7

THE CHANGELING THEATRE COMPANY

COMPANY INFORMATION For The Year Ended 31 October 2021

TRUSTEES:

R J Forknall A B Gulland G Quinn J Slaughter W N Cooper

SECRETARY: D Archer REGISTERED OFFICE: Pleasant Farm Plough Wents Road Chart Sutton Maidstone Kent ME17 3SA REGISTERED NUMBER: 03813616 (England and Wales) ACCOUNTANTS: Taylor-Roalfe Old Cottage Boughton Green Kent ME17 4LT

BANKERS:

Natwest 40 High Street Rochester ME 1LJ

Page 1

THE CHANGELING THEATRE COMPANY

REPORT OF THE TRUSTEES For The Year Ended 31 October 2021

The trustees present their report with the financial statements of the company for the year ended 31 October 2021.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a charitable touring theatre company carrying out the performance of plays in public places, with an emphasis on, but not restricted to the plays of William Shakespeare.

TRUSTEES

The trustees shown below have held office during the whole of the period from 1 November 2020 to the date of this report.

R J Forknall A B Gulland G Quinn J Slaughter W N Cooper

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R J Forknall - Trustee

28 July 2022

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THE CHANGELING THEATRE COMPANY

INCOME STATEMENT For The Year Ended 31 October 2021

Notes TURNOVER Cost of sales GROSS SURPLUS/(DEFICIT) Administrative expenses Other operating income OPERATING SURPLUS/(DEFICIT) and SURPLUS/(DEFICIT) BEFORE TAXATION Tax on surplus/(deficit) SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR	31.10.21 £ 163,534 96,518 67,016 19,612 47,404 4,966 52,370 - 52,370	31.10.20 £ 1,700 7,225 (5,525) 10,613 (16,138) - (16,138) - (16,138)

The notes form part of these financial statements

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THE CHANGELING THEATRE COMPANY (REGISTERED NUMBER: 03813616)

BALANCE SHEET 31 October 2021

Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Stocks Cash at bank and in hand CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Income and expenditure account	31.10.21 £ 1,695 69,710 71,405 -	£ 4,657 71,405 76,062 76,062 76,062	31.10.20 £ 1,725 18,996 20,721 2,850	£ 5,821 17,871
				23,692
				23,692
				23,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

• (a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2022 and were signed on its behalf by:

A B Gulland - Trustee

The notes form part of these financial statements

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THE CHANGELING THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 October 2021

1. STATUTORY INFORMATION

The Changeling Theatre Company is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

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continued...

THE CHANGELING THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 October 2021

4. OPERATING SURPLUS/(DEFICIT)

The operating surplus (2020 - operating deficit) is stated after charging:

		31.10.21	31.10.20
		£	£
	Depreciation - owned assets	1,164	-
5.	TANGIBLE FIXED ASSETS
			Plant and
			machinery
			etc
			£
	COST
	At 1 November 2020
	and 31 October 2021		19,502
	DEPRECIATION
	At 1 November 2020		13,681
	Charge for year		1,164
	At 31 October 2021		14,845
	NET BOOK VALUE
	At 31 October 2021		4,657
	At 31 October 2020		5,821
6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.10.21	31.10.20
		£	£
	Other creditors	-	2,850

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THE CHANGELING THEATRE COMPANY

DETAILED INCOME AND EXPENDITURE ACCOUNT For The Year Ended 31 October 2021

Turnover Sponsorship and donations Summer plays Merchandising/programmes Grants Cost of sales Opening stock Production expenses Actors fees Director's fees Closing stock GROSS SURPLUS/(DEFICIT) Other income Theatre Tax Credits Expenditure Administrators fees Depreciation of tangible fixed assets Fixtures and fittings Marketing and promotion Travelling and accommodation Insurance Website costs Sundry expenses Equipment Hire NET SURPLUS/(DEFICIT)	31.10.21 £ 30,723 97,853 3,258 31,700 1,725 40,710 45,778 10,000 98,213 (1,695) 4,000 1,164 5,830 3,271 1,092 694 230 3,331	£ 163,534 96,518 67,016 4,966 71,982 19,612 52,370	31.10.20 £ 1,700 - - - 1,725 3,225 - 4,000 8,950 (1,725) 3,000 - 2,030 - 1,120 4,403 60 -	£ 1,700 7,225 (5,525) - (5,525) 10,613 (16,138)

This page does not form part of the statutory financial statements

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CHANGELING THEATRE COMPANY

I report on the accounts for the year ended 31 October 2021.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

My role is to state whether any material matters have come to my attention giving me cause to believe:

• 1, that accounting records were not kept as required by section 130 of the Act; or

• that the accounts do not accord with those records; or

• that the accounts do not comply with the accounting requirements of the Act; or

• that there is further information needed for a proper understanding of the accounts.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.

Nadine Lamont-Brown Taylor-Roalfe Old Cottage' Boughton Green Kent ME17 4LT

4[TH] August 2022

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