Company number 02650108 Charity number 1101496 Crying Out Loud Limlted (Limited by guarantee) Report and financial statements for the year ended 31 March 2025
Crying Out Loud Llmited (Limited by guarantee) Contents Page Legal and administrative informalion Chair's statemenl Artistic Director's introduction Trustees, report 6-16 Auditors, report 17-20 Statement of linancial activities (including income and expenditure account) 21 23 Balance sheet 24 Statement of cash flows 25 Notes lo the linancial statements 26-32
Crying Out Loud Lim6ted (Llmited by guarantee) Legal and adminlstrative information Constltutlon The company is incorporated under the Companies Act, cornpany number 2650108 and its governing documeni is its Mernorandurn and Arlicles of Association. The company is a registered charity, number 1101496. Directors and trustees The directors of the charitable company ('the charily,) are its trustees for Ihe purpose of charity law and throughout this report are collectively referred to as the trustees. Trustees are nominated Ihrough the process set out in the Articles of Association. Policies and procedures adopted for the induction and Iraining of trustees are ongoing and incorporated indirectly inlo the regular truslees meetings. The trustees during the year and since the year-end were: Billy Ridgers Cat Harrison (Chair) Mark Kowalik Marta Sala Font {resigned 5 November 2024) Michael Brinton Tracey Low Sue Daniels Andrea Sheppard (appoinled 8 May 2024) Anna Potten (appoinled 8 May 2024) Amanda O'Reilly (appointed 5 November 2024) Secretary Rachel Clar8 Artlstic Dlrector Rachel Clare Executlve Director Sarah Macnee Auditors Compass Accountants Limited, Venture House, The Tanneries, East Street, Titchfield, Hampshire, P014 4AR Bankers CAF Bank, 25 Kings Hill Avenue, Kings Hill, Wesl Malling, Kenl, ME19 4JQ Lloyds Bank, 25 Gresham Street, London EC2V 7HN The Co-operative Bank PLC, PO Box 250, Skelmersdale, WN8 6 wr Aldermore Bank PLC, Apex Plaza, Forbury Road, Reading, f4G1 1AX Registered office Venlure House, The Tanneries, Easl Slreet, Titchfield, Hampshire, P014 4AR Operation addresses Former Pay Office, College Road, The Historic Dockyard, Porlsmouth, P013LJ Somerset House, Strand, London, WC2R 1 LA
Crying Out Loud Limited (Limlted by guarantee) Chair's statement During 2024-25, Crying Out Loud continued to facilitate artworks and support artisls locally and globally. In the Solent region Crying Out Loud have established themselves as an imporlanl resource lor the local infrastructure, supporting six successful funding bids for local arOrkS. This included the ambitious project A Sea ol Words, developed with both local Portsmouth based organisations as well as interi)ational artisls based in Hong Kong. We have also seen the strategic partnership between Crying Out Loud and Third Version Creative strengthen and blossom, with two successful pllot Carousel residencies bringing artists, producers and feslivals together from across the globe. Through this partnership we see Rachel Clare and Sud Basu not only pioneering new posslbilities for these creatives lo collat)orate, but lor themselves as Arlislic Directors. Rachel and Sud are pioneering new possibilities for leadership and growth. All of this has been achieved with Crying Out Loud's devoted and talented team, who have also worked hard in developing and delivering the new website, communicating clearer pathways to arlists and promoters working with the organisation, The financlal picture for Crying Out Loud remalns healthy, wilh reserves being used carefully whilst also acknowledging the tumultuous climate tor the arts sector in the UK and abroad, Cat Harrlson Chair 5 November 2025
Crying Out Loud Limited (Limited by guarantee) Arlistic Director's Introductlon The delivery of the tirst Iwo Carousel pilol residencies in the year 2024125 was a significant step forward for our strategic partnership with Third Version Creative (TVC). The first, held in Vilnius at the Small State Theatre and Arts Printing House, broughl together six multidisciplinary artists trorn Lithuania, Czech Republic, Wales, and England to explore creative exchange. Highlights included radical public space interventions, objecl-based choreography, and provocalions on access and representation from UK artists Head Over Wheels,. and who also presented their new work, Anchored in Air, as parl of a Lithuanian circus festival. The second pilot in Prague, delivered in partnership with local collective Zdruhestrany as part of their EmbassyTown programme, continued this model of practice-sharing and idea development. Alongside the residency, Sud Basu (of TVC) and I hosted discussions on touring and collaboration" and facilitated 1-to-1 dialogues witli local arlists and organisations. We also deepened our international engagement and sector leadership through strategic partnerships and arlist development. Sud and I co-wrote a contribution to Circostrada's influenlial Placernaking paper, sharing case sludies from our work in the Solent and TVC'S work in County Durham. and we have been invited to joinlly contribute a chapter to an upcoming publicalion on arl in public spaces by Outdoor Arts Portugal, due in 2025126. In the Solent region, the year saw greal progress of our programme through slrategic parlnerships and talent development. Our Solent Programme Producer, Lucy, provided one-lo-one support to local artists and organisations; and COL was featured in Ihe first Cultural Collective Annual Report for Portsrnouth and in the Hampshire Cultural Trusl's new Culture Connects platlorm. Lucy and I supported six successful funding bids, including for Bad Immigranl, Rawkus City Festival, and A Sea of Words in Portsmouth (an internalional collaboralion belween Hong Kong artists and local partners for 2025). And linally, I have lo mention the in-deplh process of brainstorming the possibilities of communicalion through our website that was ably led by COG design. We finally launched a brand new website in March 2025. 1 hope it provides a greater insight into our work, both current and historic. and that it serves us well lor tho next len years. Rachel Clare Artlstlc Director 5 November 2025
Crylng OLrt Loud Limited (Llmlted by guarantee) Trustees, report The trustees are pleased to present their annual directors, report together with the financial statements for the year ending 31 March 2025 which are also prepared to meet Ihe requirements for a directors, report and accounts lor Companies Act purposes. The legal and administrative inlormation set out on page 3 forms part of this report. The financial statements comply wlth the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles ol Associalion, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charilies preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2015). Prlnclpal actlvity The principal activity of the charity is to commission, produce and present live contemporary performances and interaclive events for audiences of all ages. Objectives and actlvltles for the publlc benefit The Irustees confirm that they have complied with the duly in section 17 of the Charities Act 2011 and referred to the guidance contained in the Charity Commission's general guidance on public benelil when reviewing the charity's aims and objectives and In planning future aclivitles. Benefit to Ihe public Crying Out Loud (COL) are pioneering creative producers, nurturing artists working in contemporary visual theatre often in the lields of circus, physical theatre and installatlon. We programme memorable events for audiences ol all ages and abilities al festivals, in venues and for sile-specilic performance in th8 UK. As a network leader we work inlernationally, advocating lor artists and conlemporary performance by making connections, inilialing collaborations and creating opporlunilies in the UK and Europe. From 1 July 2023, we entered into a new and long-term partnership wlth Third Version Creatlve (TVC) lounded by independent producer, Sud Basu. As parl ol Ihis, we developed a colleclive vision and strategic aims, TVC'S activities Ihat are partly financially supported through this parlnership are detailed as parl of COL'S aclivities In this report. oll tiv To slrengthen connections and understanding across cultures through world-class, relevant and diverse contemporary visual theatre and innovalive interdisciplinary work. The Slrate ic Pro ramme Aims Producing Commissioning & Presenting New Work Support the creation and manifeslation of new visual theatre and interdisciplinary work that disrupts cullural norms, collaborates across boundaries and onables audiences to engage wilh world class work.
Crying Out Loud Llmited (Limited by guarantee) Supporting Innovative Artistic Practice Enable international artists to progress and develop their individual practice through the development of global residency schemes, skills development and innovative touring practice Enabling Critical Global Dialogues Strengthen global sector infrastructure, cultural and creative exchange through brokering, mentoring and networking, with a focus on connecting artists and audiences across nations and global borders. Embedding Sector Knowledge & Skills in the Solent area Strengthen and diversify the infrastructure {arlists, producers and presenting partners) to support stronger engagement and activity in visual theatre and Interdisciplinary practice, prioritising areas of low cultural engagement The activities detailed below evidence key achievements for the year in relation to the strategic aims slated above. Taroo by Company Zld (Sald Mouh88ln•) Taroo Is a work that combines storytelling, circus {including Chlnese pole, parkour and wheelie bins) wlth public engagement. It is led by Moroccan artist Sald Mouhssine. Sald and Portsmouth based digital artist Thomas Buckley were in residence 23.251h July with Bradford Council's Waste Services Department researching stories of the city's street cleaners, running workshops and presenting a sharing at Mind the Gap. Said also perlormed 3 shows in Centenary Square to large festival crowds. Georgi Maslouski, an early career videographer local to Bradford and student at the Universlty of Bradford made a short film of both the residency and Ihe audience responses to the show. lame G8me by Kundle Cru COL transferred producing responsibilities ol this European company and its first work lo the Irish company Promenade. Promenade's founder and artistic director, Kath Gorman, worked in partnership with us on the EU funded creation and presentation of Union Black in 2017118 - Kundle Cru was founded by artists who met in this earlier project. As a result of these positive changes for the collective, COL wlll no longer produce Blame Game but will remain an associate. Promenade has secured funding to tour Blame Game in Ireland in early 2025 and develop their new show Birds. Rural Touring In the Soulhwest COL and Diverse City worked with Take Art on the presentation of six shows across rural venues in the Southwest. COL also organised and delivered three days of additional workshops led by Farmyard Circus in February 2025 in primary and secondary schools in Portsmouth and Havant. The final assets and toolkits developed for venues and companies are now available on COL'S website as well as through the other partners. These focus on
Crying Out Loud Llmited (Limited by guarantee) welcoming and improvingthe experience for Dldeaf, neurodivergent and disabled audience members and performers. The final touring figures were: 33 venues, with 42 shows and 36 workshops delivered throughout 2024, reaching 6,932 attendees - more than doubling the target. The evaluation evidenced the following re the attendees: 55 % had not seen a live circus show in the last two years 95% found the shows enjoyable 94% said the experience was memorable 82% said it was thought-provoking COL co-comm1881on•d and or supported works Anchored In Alrand a new chlldren'8 Show by Head Over Whee18; 1 Am. Am I by Lu Wong COL contlnued to support Tilly and Jonny of Head Over Wheels produce Anchored in Air. Anchored in Air premiered in May 2024 as part of the Brighton Festival and was also shown in London Docks as part of Certain Blacks festlval. COL secured a 3-day lour of Anchored In Air in Lllhuanla as part ol the Circuliacija Festival in Vilnius and Kaunas In June. The intention of the festival was to introduce thelr audiences to disabled circus artists for the first time. This included a meet-the- artists session as part of the talks programme as well as pre-show touch lours for bllnd and partially sighted audlence members- a flrst In Llthuania. COL also supported an Arts Councll appllcatlon to develop a new BSL element as parl of Anchored in Air and Head Over Wheel's approaches for funding to support the development of a new indoor children's show. COL supported Lu Wong on the contractual commitments of the TURN prize and other funding applications. COL supported her participatlon in the My Body My Space Festival in Mpumalanga, South Alrica where she shared a work in progress of l Am. Am I, delivering workshops and parlicipated in other artisls, workshops and sharings of work. En8emble 84- TVC Following a successful Arts Council England Place Partnership bid, TVC commenced a n8w international partnership project with IsLgLDbaSed In Cape Town to explore the creation of a bilat8ral exchange programme and an offshoot of the company to be based in Horden County Durham. Entitled Ensemble 84 - the company began to develop a new participatory model of theatre. In April 2024, Ensemble 84 took possession of Horden Methodist Church and started a 3-year partnership with the Durham Church Circuit. The launch event was attended by over 200 people including members of the Horden Community, local creative organisations and Arls Council England. Isango Ensemble presented a series of small performances as part of the event. Overall, the event was well received - drawing very positive feedback from tho community, from stakeholders and from the representative from Arts Council England. Activilies in the year included: Company auditions - with over 200 applications for 15 positions. Open days, and weekly informal workshops took place with members of Isango Ensemble. Six months of training for the new company commenced in October 2024
Crying Out Loud Limited (Limited by guarantee) A Xmas event at Horden Methodist Church which attracted local audiences for a gentle evening of performance and readings. Mother Courage, adapted by North East writer Lee Hall (noted for his screenplay for Billy Elliot) was confirmed as Ensemble 84's first work, for presentation in 25126 in the North East and featuring a cast comprised of UK and South African perlormers. TVC work8 In development TVC continued to work with Dalija Acin Thelander on developing Fields ol Tenderfor presentation in 2025. The work seeks to engage young people principally early years (under 5) with learning difliculties with an immersive experience to tour healthcare settings. TVC continued to support the creation, development and touring of a refreshed new work Prima by Czech artist Viktor Cernicky, a participatory interdisciplinary work focusing on movement and muslc for teenagers. rblc have been supporting Kate Flatt's work for several years- princlpally her outdoor work Weather Machine which explores climate justice and emergency in a gentle yet poignant way. In May 2024 TVC supporled the presentation of the work in a new context - exploring the work with a large group of recently arrived asylum seekers based in Ely and Greater Cambridgeshire - together with Babylon Arts and Cambridge Junction. TVC have commenced the exploration of a more formal relationship wlth Letchworth Garden City, in Hertfordshire to support the growlh of cultural capacity and activity. This has included hosting a Producer Hub and a series of 1-2-1 mentoring sessions with more established artists and organisations in Ihe area. TVC commenced the development of a large-scale performance-based commission with UK based writer Tariq Ali, and the Sharjah Art Foundalion based out of UAE. The work will explore oppression, activism and the legacy of colonial interference across the Middle East. This included a site visit to Doha in May 2024 with Qatar Museums and an R&D period in September resulting in a clear proposal, outline creative team and full budget plan. Qatar Museums confirmed their full support of the creation and presentation phase, and a funding agreement was signed. Susan Kempster's work The Mother. initially supported in development by TVC opened in Sadlers Wells in April 2024 as part of Ihe Elexir Festival. This was followed by presentations In Leeds and Berlin. Aim 2: Su ortin Innovative Arti Practi Developlng and pllotlng the Carousel approach - COL and TVC COL and TVC planned and delivered Ihe first pilot in June 2024 as part of Cirkuliacija Festival in Vilnius, Lithuania. It was hosted in the rehearsal rooms at the Small State Theatre of Vilnius and the Arts Printing House. Six multi-disciplinary artists from Lithuania, Hungary, Wales and England, exchanged their practice and explored new potential for inlernational collaboration. Marija Baranauskaité, Lithuania's site-specific radical clown, took everyone onto the streets of Vilnius with a chair each for a subtle interrogation of public space; Viktor Lernicky's play-time with multiple car tyres tested motion, balance and rhythm with interesting explorations incorporating them
Crying Out Loud Llmlted (Llmlted by guarantee) around Jonny's wheel-chair wheels like huge tractors; as an older arlist with experience of large scale site specific landscape work in Wales, Mark Rees brought a gravitas and gentle interrogative approach. Tilly and Jonny from Head Over Wheels, as the younger artists, and only disabled artists present, offered a new approach that questioned the able-bodied lens through which the majority of artists make work. TVC and COL planned and delivered the second pilot in Prague In December 2024 and in partnership with Viktor ternicky and his collective company. It was parl of a scheme called EmbassyTown led by Prague based collective ZDRUHESTRANY. The pilot followed a slmilar schedule to that of the residency In Vilnius -with opportunities for artists to share their practise, to engage in conversations and discussions, and to explore the seeds of new work. Alongside the residency th8re were panel discussions around maklng work and touring - and COLrrvc hosted 1-2- 1 conversations with local organisations and artists. The arlists included were part of ZDRUHESTRANY and Head over Wheels from the UK. The residency was cut short by a day due to the poor weather in the UK affecting fllghts. Head Over Wheels were inspired by connecllons made with Zdruhestrany artlsts at the Carousel Residency In Prague and this influenced the development of their new Indoor children's show. In July 2024, COL and TVC were hosted by SPOT Festival and èieko Dance Company in Nida and Vilnius to explore Ihe possibility of a future partnership project. Nida - a district of Lithuanla located on the North-west tip of the country, which hislorically has been a destination for visual artists and writers and offered a number of possibilities towards a further residency scheme. li Networklng and brokerlng by COL and TVC Activities included: COL started dlscussions with Southbank Centre for the 2026 751h annlversary celebrations for the Royal Festival Hall for a staging of Horizon, Raphaelle Boitel's outdoor site-specific takeover as seen as part of the Cullural Olympiad programme in Parls In summer 2024. This would include local parkour, free-runners and acrobats. COL attended Circa Festival in Auch, pitching of new shows and viewlng more Lithuanian circus work; COL began working with Head Over Wheel's Personal Access Assistant Daniella Faircloth to devise a new approach combining her evolving role as an Access Producer in relation to international and UK touring. COL visited Marseille and Paris to begin discussions re West African circus show Yongolyely from Guinea. COL continued to attend the Outdoor Arts UK 'Drop In, zoom sessions and with online Circus Change UP meetings, focusing on Advocacy and Touring. COL continued contact with Karim Trussi at Karacena Festival, Morocco with an invitation to take parl in round table events at festival in Salé Rabat. COL and TVC contributed towards the development of a new paper devised by Circostrada exploring placemaking. As one of 5 case studies, the joint examples include work undertaken by COL in the Solent - plus activity in 10
Crying Out Loud Limlted (Llmlted by guarantee) Durham led by TVC. The paper was published online in August 2024 and promoted internationally. COL and TVC co-authored a chapter in a new publication on the Outdoor Arts. The book is created by Outdoor Arts Portugal Project {www.outdoorarts.pt), for both digital and physical dissemination. The publication aims to bridge the arts - parlicularly artistic creation in publlc spaces, including performance arts - with placemaking strategies. It seeks to analyse, debate, and inspire approaches that challenge and strengthen this connection. TVC and COL met with British Council Central Asia to explore potential opportunities with Uzbekislan's creative community. TVC was part of the Caravan curatorial group selecting works to be presented to an international market. TVC attended T] in August 2024 - a major international gathering nz of producers, artists and promoters focused on contemporary dance and physical theatre. TVC platformed Dalija Acin Thelander as part of the event - and utllised the platform lo promote TVC and COL partnership and Its roster of artists for onward support and presentation. TVC started working in partnership with Without Walls, Outdoor Arts UK and 101 Outdoor Arts to support the development of a collective sector strategy for the Outdoor Arts in England. This work builds on the work that Sud undertook wlth David Micklem and Simon Chatterton in 2021- around a vision for the Outdoor Arts post COVID. TVC dellvered a major residencyl skills development scheme in Egypt as parl of D-CAF - the trainlng and mentoring of 10 local artists who had been selected to pto&&t]I work in the 2024 edition. The scheme also extended to a group of self-producing artists and producers from Saudi Arabia - who were looking to develop their practise of working internationally. TVC led workshops on Producing, Commissioning and Co- Productions across 5 days. TVC Joined a new network group convened by the Clore Duffield Foundation exploring the future connections between the arts and education sectors. The group will meet quarterly to support and Instigate new ways ol working and pilot programme ideas. Mentorlng by COL and TVC Activities included: COL attended the EU New Horizon's Mentoring final meeting and conference in Riga with Hungarian mentee Sophie Zoletnik. TVC'S meetings with artists and creatives in the period included Sean Pearce, Marc Rees, Brian Lobel, Bobby Baker. COL'S meetings with artists and creatives included Lu Wong, Tilly Lee Kronick, Daniella Faircroft, Sam Bossman (Isle of Wight), Elisabeth Efua (based in Ghana), Sophie Zoletnik (Hungary Aim 4: Embeddin t r Knowle Skills in the Solent area Re8earch Solent-based artl8ts and partners Durlng the year, COL continued to build relationships through one-to-one meetings as well as a wide range of networking events in the region. COL keeps track of its connections through an updatable padlet and it comprises - Portsmouth (40 connections), Gosport (20), Isle of Wight (16), New Forest (9), Havant (3) and wider 11
Crying Oul Loud Limited (Llmlted by guarantee) Solenvlocal region (20). COL supported the development of thirteen funding bids by partners, of which six were successful. COL contributed to the first Cultural Collective Annual Report for Portsmouth and is featured in the newly launched Hampshire Cultural Trust Culture Connects website A Su of Words lor Portsmouth Work on developing and fundralslng a presentation of this highly vlsual participatory multisensory Installalion in 2025 progressed well during the year. The lead artists are Kingsley Ng and Stephanie Cheung from Hong Kong and il wlll reflect on life- changing voyages using light, sound and text in its storytelling. COL is working with partner 432-Nomads on developing the content with the artists, and Portsmouth Historic Quarler is the partner for the presentation. Associate partners are Portsmouth Creates, Portsmouth City Council and Aspex Gallery. COL supported the arllsts successfully apply for funds to the Hong Kong Arts Development Council as well as 432 Nomads successful application for Arts Council support. Developlng connoctlon8 between Sol•nt area and nallonaMnt8rnatlonal artl8t8 and work In additlon to the work on A Sea of Words above, activities that developed natlonal and inlernalional connections wilh the Solent area included: Moroccan artist Said Mouhssine from Cie Zid worked alongside Portsmouth based artists Sasha Biloshisky and Thomas Buckley on R&D for Playable Monument. COL connecled Brighton based artist, Jen Irons to 432 Nomads for her project Bad Immigrant. COL advised on promotion for ACE supported tourlschool & communlty workshop programme and shared details for 12 Solent contacts with Stories in the Dust (Anna Harriotvlona Johnson). COL connected Head Over Wheels to l)oth Ventnor Fringe 2025 and the Groundwork project. COL connected No Fit State to Portsmouth City Council In order to find them posslble suitable locations in Portsmouth to create work in their tent. Seed support and talent development opportunltle8 This included Ihe following activities: Meetings with artists to track their projecls and better understand thelr specific needs. Artisls included: 432 Nomads, Luke Brown Company, Thomas Buckley, Hurly Burly Theatre The mentoring of Roy Hanney 011000 Plateaus, a Porlsmouth based collective of audio-visual artists, as he produced and presented The Riluals for Earthly Survival project as part of We Shine Portsmouth. The mentoring of Sasha Biloshisky of Funk Format with planning and delivering his 1-day Portsmoulh Hip Hop Festival Pilot in Guildhall Square in September 2024. This included supporting the Movement Artists Network Launch as part of Ihe project and the brokering two performances of Umbra by Company Chameleon. As part of the festival, COL directly funded a creative professional development workshop lor Solent artists (with Company Chameleon) The mentoring of intern Aleisha Mainwaring from University of Southampton over the summer, and supporled by a grant from the university. 12
Crying Out Loud Limited (Limited by guarantee) Working in parlnership with This New Ground on the first year ol the two year Groundwork project including agreeing the schedule of activity; beginning Ihe planning for the creative residency element and the creative outcomes. Supporting Majid Dhana's professional development so he could engage with Jen Iron's Bad Immigrant beyond his role as Community Engagement Coordinator and experience, at first hand, Jen's creation process. Inviting national programmers to Luke Brown's sharing of Dandelion Child at the Portsmouth Guildhall and agreeing lo support Walk of the Dandelion previews at Solent events. Funding and delivering a workshop in support of Heritage Open Day at the Slaughterhouse venue by Farmyard Circus. A Solent Crealives Inspiration Trip for nine Solenl-based artists and creatives lo allend the premiere of Jennifer Irons, Bad Immigrant at the Connaught Theatre, Worlhing. The trip also connected wilh the Skates4Males project, which COL seed-funded, and 14 Sudanese project participants attended. Supporting two maslerclasses with Ockham's Razor at New Theatre Royal for 12 local arlists in May 2024 and seven in February 2025. Enabling a workshop opportunily wilh Fidget Feel Aerial as parl of Winchester's Hal Fair and supporling two paid developmenvperformance opportunities with Fidget Feet for Iwo emerginglearly career breakdaiicers Irom the Solent region following an open call. Developing a Memorandum ol Undersianding with Portsmouth Creates lo retlect our complimentary support for arlists. COL'S Life in Physical & Visual theatre creative careers session was adapted and delivered to primary school groups for the first lime. Delivered by four Solent-based performing artists, including new artists Rhiannon Taylor (IOWIBrislol) and Poppy Winter (IOW) the 3 sessions across 1 day engaged 45 students. rm nt nc During the year COL presented and co-presented 40 perforrnances of 12 different shows to 10,940 people in England plus an estimaled 1,850 in the rest of the world. COL delivered 63 workshops or informal learning sessions with 1,266 participants and delivered 12 residencies for 216 parlicipants. Structure, governance and management rni nt Crying Out Loud Limited is a company limited by guarantee governed by its Memorandum and Articles ol Associalion. 11 is registered as a charily with the Charily Commission. ointment ol trustees Trustees are norninated through the process sel out in the Articles of Association. Ind ction and trainin of trustees New trustees have all observed a minimum of one board meeting prior to their appointment. 13
Crying Out Loud Limiled (Llmlted by guarantee) They are provided with inlormation on Crying Oul Loud Limited and their responsibilities, including recent financial performance, artislic aclivity and the Memorandum and Articles of Association. Most trustee nominations are people who have seen COL'S work over a period of tirne and have a broad knowledge ol the charity's aims and objectives. The remaining trustees are sought to cover particular areas of exp8rlise that would be valuable lo Ihe organisalion and the Board. Trustees are welcome lo attend all COL performances, and mosl productions are seen by some of them. Or nisation The board of trustees adminislers the charily. The Board meets quarterly bul can have sub-committees covering areas such as environmental sustainability, development and finances, meeting more regularly. The Artistic Dlrector is appointed by the trustees to manage the day-to-day operations of the charity, working alongside Ihe Executive Director. To facilitate effective operations, the Artistic Director has delegated authority, within terms of delegalion approved by the trustees, for operational mallers including linance, employment and arlistic perlormance related activity. em nl The 2024125 COL and Consortium Business Plan provided Ihe backbone for COL'S activities and a new plan lor 2025126 has been written, with policies and action plans reviewed, Our three-year lunding as part of ACE'S National Portlolio began on 1 April 2023. This funding is for supporl of COL and Consortiurn activities, our consortium parlner being Third Version Creative (TVC). COL is the lead partner and receives the lunding on behalf ol the partnership. The £307,488 annual funding includes an uplifl lo support a more strategic engagernent wilh the Solenl area. Core funding provided by ACE for the year was £307,488 (2024: £307,488). In the year the resources expended 01 £358,141 exceeded the incoming resources of £346,192 by £11,949. A lull explanation of restricted resources is provided in Note 13 on page 31. The unrestricted resources expended of £350,218 exceeded the unrestricted incoming resources of £338,507 by £11,711. At the balance sheet date, the net assets of the company were £147,100. COL operates a policy of maintaining reseroes equivalent to six months supporl costs and resources expended on managing and adminislraling the charitable company, excluding those funds represented by lixed assets. We believe that Ihis should provide sullicient resources to respond to unexpected adverse changes in the charilable company's activilies. At 31 March 2025 COL had a total of unreslricted reserves in its General Fund of £128,765 to carry forward into 2025126, signilicantly higher than those needed to supporl the resenies policy. It is likely that the reserves will reduce further during 2025126. In any one year, we may earmark unrestricted general funds lor a particular project or to use as designated funds. The reasons for the setting up of such funds, Ihe policy for any transfers between lunds, and allocation lo or Irom designated funds, 14
Crying Out Loud Limited (Limited by guarantee) are stated in Note 12 to Ihe accounts. Plans f r future eriods Core funding from ACE ol COL and Consorliurn activity has been granted until 31 March 2026. The strategic aims remain the same. COL and Tblc consortium planned aclivities include: ResearGhing and supporting Solenl based arlists and partners. Developing and delivering Solent-based support schemes - including a week- long residency for learning disabled artists as part of the Groundwork project in partnership with This New Ground and supporting the development of Luke Brown Company's Dandelion Child. Connecting Solent artists and organisations nalionally and internationally- including the developing and presenting A Sea of Words for Portsmouth in collaboration wilh Hong Kong artists Kingsley Ng and Stephanie Cheung and Portsmouth crealive group 432 Nomads. Supporting the creation and manifeslation of new work in the UK - including Taroo by Cie Zid., Anchored in Airnew version wilh BSL signer by Head Over Wheels. the development of Head Over Wheel's new children's show MWWWML ?, Lu Wong's solo show l Am. Am I, Weather Machine b Kate Flatt, Fields ol Tender by Dalija Acin Thelander and Prima by Viktor ernicky Supportlng the delivery ol rural touring in south west England and in Counly Durham through the work of Ensemble 84 Supporting international presentations of COLrrvc supported work. Continuing the developrnent of the Carousel residency approach Continuing to network within the creative sector, brokering opportunities, and rnenloring arlists and their work. As a small company, we remain in a posilion lo adapt and flex to maximise possibilities, Our core funding is sufficient to fund our overheads, and our reserves allow us to take some risks on rnoving aclivities forward if circumstances change without much notice. r risks The trustees have conducted a risk analysis to identify the major risks to which the company is exposed. Syslems have been put in place to mitigate these risks whereby the risks are reviewed at the Irustees, meetings. es'r ment The trustees (who are also directors of Crying Out Loud Limited for the purposes ol company law) are responsible lor preparing the trustees, reporl and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Company law requires Ihe trustees to prepare financial slatements for each financial year. Under that law the trustees rnust prepare the financial slatemenls in accordance with United Kingdom Generally Accepted Accounting Practice (Uniled Kingdom Accounting Standards and applicable law). Under company law the trustees must noi approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and 15
Crying Out Loud Limlted (Limited by guarantee) expenditure, of the charitable company for thal period. In preparing these financial statements, the trustees are required to: selecl suilable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent state whether applicable UK Accounting Standards have been followed, subject to any material deparlures disclosed and explained in the financial statements" prepare the financlal statements on a going concern basis unless it is Inappropriate to presume thal the charitable company will continue in operation The truslees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time Ihe financial position of the charitable company and which enable Ihem to ensure that the financial stalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ol the charitable company and hence lor taking reasonable steps lor the prevention and detection of Iraud and olher irregularities. In so far as the trustees are aware: there is no relevanl audit information (as delined by section 418{3) of the Companles Act 2006) ol which the charitable company's auditor is unaware; and Ihe Iruslees have taken all steps that they ought lo have taken lo make themselves aware of any relevant audil information and to establish that th8 auditor is aware ol that intormalion. Small company exemptions The above report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 ot the Companies Act 2006. This report was approved by the board ol truslees on 5 November 2025 and signed on Its behalf by Cat Harrlson (Chair) Trustee 16
Crying Out Loud Limited (Limited by guarantee) Independent auditors, report to the members of Crying Out Loud Llmited Oplnion We have audited the financial statements of Crying Out Loud Limited (the 'charitable company,) for the year ended 31 March 2025 which comprise the statement of financial activilles, balance sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the linancial statements: give a true and fair view of Ihe state of Ihe charitable company's affairs as ai 31 March 2025 and ol its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Praclice; and have been prepared in accordance with the requirements ol Ihe Companies Act 2006. Basis of oplnlon We conducled our audit in accordance with International Slandards on Auditing (UK) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the elhical requirements that are relevant lo our audil of the linancial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our Olher ethical responsibilities in accordance wilh Iliese requirements. We believe that the audit evidence we have obtained is sulficient and appropriate lo provide a basis for our opinion. Conclusions relaling to going concern In auditing the financial stalements, we have concluded thal Ihe trustees, use ol the going concern basis of accounting in the preparation ol Ihe financial statements is appropriate. Based on Ihe work we have performed, we have not idenlified any material uncertainties relating to events or condilions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern lor a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibililies of the trustees wilh respect to going concern are described in the relevant sections of this report. 17
Crylng Out Loud Limited (Limlted by guarantee) Other informatlon The truslees are responsible for the other inforrnalion. The other informalion comprises the informalion included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly staled in our reporl, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial slatements, or our knowledge obtained in the audil or otherwise appears to be materially misstated. 11 we idenlify such material inconsistencies or apparent material misslaiements, we are required to determine whellier there is a material misstaiement in the financial statements or a material misstatemenl of the Other information. If, based on Ihe work we have performed, we conclude that there is a malerial misstatement ol Ihls other information, we are required lo report Ihat lact. We have nothing to report in thls regard. Oplnlons on olher matters prescrlbed by the Companle8 Act 2006 In our opinion, based on the work undertaken in Ihe course of the audit: the information given in the trustees, reporl, which includes the directors, report prepared lor company law purposes, for the financial year for which the linancial statemenls are prepared is consistent wlth the financial slateinents. and the directors, reporl included within the Irustees, report has been prepared In accordance with applicable legal requiremenls. Matters on which we are requlred to report by exceptlon In the light ol the knowledge and understanding of the charitable company arid Its environment oblained in Ihe course of the audit, we have not identified rnaterial Inisstatements in the trustees, reporl. We have nothing lo report in respect of the following malters in relation lo which the Companies Act 2006 requires us to report lo you if, in our opinion: adequate accounting records have not been kepl, or returns adequate lor our audit have nol been received from branches not visited by us; or the financial slatemenls are iiot in agreemeni with the accounting records and returns., or certain disclosures of Irustees, remuneration specified by law are not made. or we have not received all Ihe information and explanations we require for our audit. Responslbilities of trustees As explained more lully in the truslees. responsibilities statement set oul on page 13, Ihe trustees (who are also the directors of the charitable company lor tlie purposes ol company law) are responsible lor the preparation ol the linancial slalements and for being satislied that they give a true and fair view, and lor such internal control as the truslees determine is necessary lo enable the preparation of financial statements Ihat are free from material misstatement, whelher due to fraud or error. 18
Crying Out Loud Limlted (Limited by guarantee) In preparing Ihe financial statements, Ihe trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend to liquidate Ihe charitable company or to cease operations, or have no realistic alternative bul to do so. Auditor's responsibilitles for the audit of the flnancial statements We have been appointed as auditor under Ihe Companies Act 2006 and report in accordance wilh this Act. Our objectives are to obtain reasonable assurance aboul whether the financial statements as a whole are free Iroth material misstatemenl, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a malerial misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected lo influence the 8conomic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances ol non-compliance with laws and regulations. We design procedures in line with our responsibililies, outlined above, to detecl material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detalled below: We gained an understanding of the legal and regulatory framework applicable lo the company and the sector in which il operales through discussions with management, sector research, and Ihe application ol relevant audil knowledge and experience We made enquiries of managemenl around aclual and potential litigation and claims We made enquiries of management and relevant stafl, and designed our audit procedures, including reviewing financial statement disclosures and testing ol supporting documeniation, to assess compliance with applicable laws and regulations. We focussed on laws and regulations which could give rise to material misstatement in the financial statements including, but not limited to, the Companies Act 2006, the Charities Act 2011, the Charities SORP, and the Financial Reporting Standard 102 We identified the risk of material misslatement ol the financial statements due to fraud and designed audit procedures to respond to the risk. We performed audit procedures designed to address the risk ol fraud arising from management override of controls, including, but not limited lo, testing ol journal entries and other adjustments, reviewing accounting estimaies for evidence of bias, and evaluating the business rationale of significant transactions outside the norrnal course ol business. Because of the inherent limitations of an audil, there is a risk that we will not detect all irregularities, including those leading to a material misstatemenl in the accounts or non-compliance with regulalion. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in Ihe accounts, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irreglilarities occurring due to fraud ralher than 19
Crying Out Loud Limited (Limlted by guarantee) error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporling Council's website at: https:Ilwww.frc.org.uklauditorsresponsibililies this description forms part of our auditor's report, Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaken so Ihal we mighl slate to the charitable company's members Ihose matters we are required to state to them in an auditor's report and lor no other purpose. To the fullest extent permilted by law, we do nol accept or assume responsibility to anyone other Ihan the charitable company and the charilable company's members as a body, for our audit work, lor this reporl, or for the opinions we have formed. Kerry Lawrance FCA Senior Statutory Audltor For and on behalf of Compass Accountants Llmlted, Slatutory Audllor Venture House, The Tanneries East Street Titchfield Hampshire P014 4AR Date: i ITh 0CHe£ll 20 20
Crying Out Loud Limited (Limited by guarantee) Statement of financlal activities (including income and expenditure account) lor the year ended 31 March 2025 Unrestricted Restrlcted funds funds 2025 Total Unrestrlcted Reslrlct8d funds funds 2024 Total Notes Incoming resourcès Incoming resources from generated funds: Voluntary income Investnient income - bank interest Incoming resources from charitable aclivilies.. Theatrical income Project specific funding Total Incomlng resources 307.488 307,488 307,574 307,574 3.904 3,904 2,705 2,705 17.115 10.000 338,507 17,115 17.685 346,192 18,471 5,792 334,542 18,471 8,648 337,398 7.685 7,685 2.856 2,856 Resources expended Cosl of generaling funds Fundralsing cosls Charilable activities Productionlproject cosls Support costs Total resourcès expended 24.776 24,776 28,641 28,641 225,608 99,834 350,218 7.923 233,531 99,834 358,141 223,418 95,549 347,608 4,295 227.713 95,549 351,903 7,923 4,295 Net movement in funds Net incomel{expenditure) for the year (11,711) (238) {11,949) (13,066) (1,439) {14,505) Total funds brought forward 158 811 238 159 049 171877 173 554 Total funds Carrled forward 14 147 100 147 100 158811 238 159 049 The notes on pages 2610 32 torm an integral part of Ihese financial staiemenls. 21
Crying Out Loud Llmlted (Limited by guarantee) Year ended 31 March 2025 2025 2024 Incomlng resources Incomlng resources from generated funds Voluntary income Grants ACE - main Sponsorship Donations 307,488 307,488 86 307,574 307,488 Incomlng resources from charltable activlties Theatrical Income Performance fees Educalion Fees Project fees Expenses reimbursed Other income 7,497 470 4,055 5,093 12,213 646 913 4,699 17,115 18,471 Project specific fundlng Grant: ACE - Managed Funds Local authority funding Grant.. Trusll Foundation Third Version Creative Other grants & bursaries Other projecl funding 1,000 500 1,356 5,000 5,185 10.000 2.500 792 8,648 17.685 22
Crying Out Loud Limited (Limited by guarantee) Year ended 31 March 2025 2025 2024 osts of eneratln Fundraising Salaries and fees fund 24,776 24,776 28,641 28,641 tlvities Project and activity costs Project development and presentation fees Project workshopl education fees Consortium parlner fees - Third Version Creative Project development and presentation costs Project workshopl education costs Project team Iravel and transport costs Project team accommodation and subsistence costs Project markeling, documentation and evalualion costs COL team - activily cost of employment and fees COL team project travel, accommodation and subsistence COL activity support and marketing costs 23,523 3.669 48,925 327 188 9.790 7.180 1,033 96,101 14,080 28.715 233,531 39,242 4.796 35.625 4,864 633 9,648 7,674 2.593 94,991 9,764 17.883 227.713 Support costs rh Renl and rates Insurance Depreciation of fixtureslfiltingslequipment Loss on disposal of lixed assets 17,624 3,750 843 18,618 3,543 1,123 22,217 23.284 ni tr Salaries IT costs Office communication costs Office Sundries Oflice travell transporl Hospitality 28,666 4,873 947 729 2,387 28 37.630 25,459 4,286 1,793 959 2,469 34,966 Bank charges Legallprofessional (Profit)Iloss on exchange 194 74 877 1,145 185 53 1,595 1,833 Gov rnance Gosts Salaries Bookkeeping Auditors, remuneration Board expenses 28.666 6,259 3,265 652 38.842 25.459 5.832 3.265 910 35,466 99.834 95,549 23
Crying Out Loud Llmited (Limited by guarantee) Company number 2650108 Balance sheet 31 March 2025 2025 2024 Notes Flxed assets Tangible assets 2.529 3,372 Current assels Debtors Cash at bank and In hand 10.676 159,428 11,461 169,801 170.104 181,262 Creditor8: amounts falllng due within one year 10 25,533 25,585 Net current assets 144,571 155,677 Net assets 147.100 159,049 Unrestrlcted funds Designated lund General lund 12 18,335 128,765 8,335 150.476 Restricted funds 13 238 Total charlty funds 147.100 159,049 These financial stalements have been prepared in accordance wilh the special provisions relating to the small companies, regime within Parl 15 of Ihe Companies Act 2006. The financial statements were approved by the board ol trustees on 5 November 2025 and signed on its behall by Cat Harrison (Chalr) Trustee Trustee The notes on pages 26 to 32 form an integral parl of theso financial statements. 24
Crying Out Loud Llmlted (Limited by guarantee) Statement of Cash Flows For year ending 31 March 2025 2025 2024 Notes Cash provided by (used In) operating activities 15 (13,399) 12,102) Cash Flows from investlng activities Interest income Proceeds from sale of fixed assets Purchase of tangible fixed assets Cash provided by (used In) Investing actlvltles 2,705 1,264 3,904 1,441 Cash Flows from financlng activities Profit (Loss) on exchange Cash provided by (used In) Invesling acllvitles 878 1,595 878 1,595 Increase (decrease) In cash and cash equivalents in the year (10.373) (2.256) Cash aiid cash equivalents at the beginning of the year 169.801 172,057 Total cash and cash equlvalents at the end of the year 159,428 169,801 25
Crying Out Loud Limited (Limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 Accountlng pollcles Statutory information The charity is a private company limited by guarantee with no share capital, domiciled in England and Wales, registration number 02650108. In the event of the charity being wound up the liabilily in respect ol the guarantee is restricled lo £1 per rnember of the company. The address ol its registered office is Venture House, The Tanneries, Easl Street, TitGhfield, Hampshire, P014 4AR. The charity meets the definition of a public benefit entity under FRS102. The presenlation currency is £ Slerling. Basls of preparlng the flnanclal statements The financial slatements are prepared under Ihe hislorical cost convention, Companies Act 2006, Charities Act 2011 (FRS 102) and the Charities Stalement ol Recommended Praclice (SORP2019). The Truslees have evaluated the funding and operating activities and reserves positlon and have no material uncerlainlles about the Charity's ability to conlinue as a going concern. Incomlng resources All incoming resources are included in tl)e statement of financial activities when the charily is legally entitled to the income aiid the amount can be quantilied wilh reasonable accuracy. Incoming resources from generated funds Graiitslsponsorshipldonalions are recognised in incoming resources in the year in which they are receivable, except as follows:
when donors specity that grantsldonations given to the charity must be used in future accounting periods, the income is deferred until those periods when donors impose conditions, which have to be lulfllled before the charity becoines entitled lo use such income, the income is deferred and not included in incoming resources until the preconditions for use are met Investment income is recognised on an accruals basis. Donated services and facilities are included at the value to the charily wliere this can be quantilied. The value ol serrfices provided by volunteers has not been included in these accounts. Incomlng resources from charitable activities Theatrical income - income from box olfice, perlormanco fees and sundry other theatrical income is included in incoming resources in Ihe period in which the relevanl show lakes place. 26
Crying Out Loud Llmited (Limlted by guarantee) Notes to the financial statements for the year ended 31 March 2025 Project specific funding - when donors specity thal donations and grants are for parlicular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable. Voluntary Income Voluntary income received by way ol donations and gifts is included in Incoming resources when receivable. The value of services provided by volunteers has not been included. Resources exp8nded All gxpendilure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when there is a legal or constructive obligation lo incur the costs. Cosls of generating funds Costs incurred in attracting voluntary income, and Ihose incurred in trading activlties that raise lunds. Charltable activitles nl Costs incurred in the developmenl, production and runnlng ol productions or other relevant projects toured in the year. rl The administrative and overhead costs associaled with running the oltice from which the company operates, and the costs associated wilh the constitutional and slalulory requlrements of the charily. These have all been allocaled to the charilable aclivilies cost heading as the proporllon spent on costs of generating funds is considered immalerial. Tanglble flxed assets and depreclallon Individual lixed assels costing £1,000 or more are capitalised at cost. Depreciation is provided at annual rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Fixtureslfitlingslequipmenl - 25 % on reducing balance Circus equipmenl - 25 % on reducing balance Forelgn currencies Monetary assets and liabilities denominated in foreign currgncies are translated into sterling at the raies of exchange ruling at the balance sheet date, Transactions in foreign currencies are translated at the date of the transactions. All gains and losses on exchange are writlen oll in the income and expenditure account. Cash and cash equivalents Cash and cash equivalents comprise cash on hand, call deposits, and olher short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value 27
Crying Out Loud Limited (Llmited by guarantee) Notes lo the financial statements for the year ended 31 March 2025 Trade debtors Trade debtors are amounts due from customers lor merchandise sold or services pertormed in the ordinary course of business. Trade debtors are recognised initially at the Iransaction price. They are subsequently moasured at amorlised cost using Ihe effective interest method, less provision for impairment. A provision for the irnpairmenl of trade debtors is eslabllshed when there is objective evidence that the charily will not be able to collecl all amounts due according to the original lerms of the receivables. Trade credltors Trade creditors are obligations lo pay for goods or services Ihal have been acquired in the ordinary course ol business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, al Ihe end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporling date. If there is an unconditional right to defer settlement for at least Iwelve months after the reporling date, they are presented as non-current liabilities. Trade creditors are recognised inillally at the transaction price and subsequently measured at amorlised cost uslng the ellective interest method. 1.10. Fund accounting Funds held by the charity are eilher: Unrestricted general lunds- these are funds which can be used in accordance with Ihe charitable objects al the discretion ol Ihe trustees. Restricted funds - these are funds that can only be used lor parlicular reslricled purposes williin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised lor particular restricled purposes. Further explanation ol the nature and purpose of each fund is Included In the notes lo the financial statements. 1.11. Leases Rentals paid under operating leases are charged to Ihe statement of financial activities on a straight lino basis over Ihe lease term. Incoming resources The total incoming resources for Ihe year have been derived from the principal aclivity. The proporlion ot theatrical income derived from outside the UK amounted to 300/0 (2024 - 399/0). 28
Crying Out Loud Limited (Limited by guarantee) Notes to Ihe financial statements for Ihe year ended 31 March 2025 Net income for the year is stated after charging: 2025 2024 Depreciation of tangible fixed assets Loss on disposal of lixed assets Lossl(Profil) on foreign exchange Audilors, remuneration - statulory audit Auditors, remuneralion olher services 843 1,123 878 3,000 265 1 ,595 3,000 265 Trustees, emoluments and relmbursed expenses The trustees reiVed no remuneration during the year {2024 - £nil). The aggregated amount reimbursed to trustees during the year was £177 (2024 - £238). Staff costs and numbers 2025 2024 Staff costs Salaries and wages Social security costs Pension costs 162,003 11,940 3,326 177,269 150.064 7.895 2,382 160,341 One employee earned between £70,000 - £80,000 during the year (2024 - one employee earned between £60,000-£70,000). The total benefits received by Key Management personnel during th8 year were: Artistic Direclor £83,819 (2024 £81,380); Executive Director £31 ,589 (2024 - £26,890). The trustees did nol receive any remuneration during the year, Staff numbers (full tlme equlvalent) The average numbers of employees (including casual and part-time staff) during the year was made up as follows: 2025 Number 0.35 1.70 0.44 0.43 2.92 2024 Number 0.35 1.58 0.44 0.43 2.80 Cost of generating lunds Charitable activilies.. Projects Charitable activities: Administralion Charitable activities: Governance Pensions and other post-retirement obligations The charity operates a defined conlribution pension scheme which is a pension plan under which fixed contributions are paid inlo a pension lund and the charity has no legal or constructive obligation to pay furlher contributions even if the fund does not hold sulficient assets to pay all employees the benefits relating to employee service in the current and prior periods, 29
Crying Oul Loud Limited (Llmlted by guarantee) Notes to Ihe financial statements for the year ended 31 March 2025 Contributions to delined conlribution plans are recognised in the Statemenl of Financial Activities when they are due. If contribution paymenls exceed the contribution due for service, the excess is recognised as a prepayment, Taxation No provision for corporalion tax has been made as the charity is exempl from corporation lax on its income and gains to the extent that Ihese are applied to its charilable activities. Flxed assets - tanglble assets Flxluresl Clrcus f ittingsl equipment equlpment Total Cost 1 April 2024 Additions during year Disposals during year 31 March 2025 2,655 5.558 8,213 2,655 5,558 8,213 Depreciation 1 April 2024 Disposals during year Charge lor year 31 March 2025 1.120 3,721 4,841 384 1,504 459 4,180 843 5,684 Net book value 31 March 2025 31 March 2024 1,151 1,535 1,378 1,837 2,529 3,372 Debtors 2025 2024 Trade deblors Other debtors Prepaymentslaccrued income 462 5,783 4,341 10,676 2,561 3,747 5,153 11,461 10. Creditors: amounts falllng due within one year 2025 2024 Trade creditors Other taxalionlsocial security Other creditors Accrualsldeferred income 7.117 4,105 1 ,362 12.949 25.533 15,665 3,957 433 5,530 25,585 11. Limited by guarantee The company is lirnited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. Al 31 March 2025, there were 9 members 30
Crying Out Loud Limited {Limited by guarantee) Notes to the financial statements for the year ended 31 March 2025 12. Unreslrlcted funds Brought forward Incoming Yesources Outgoing resources Cariied forward 2025 Designated fund General lund 8,335 150,476 158.811 10,000 328,507 338,507 18.335 128,765 147,100 (350,218) (350,218) Designated funds are funds Ihat have been agreed and set aside for two specific f uture activities: 1. £8,335 for activities by our consortium partner- Third Version Creative. 2. £10,000 for activities in the Solent area carried forward into 2025126 The allocation to or from designated funds are agreed in the Consortium Business Plan and overseen by the Consortium Board. 2024 comparatlve Designated fund General fund 43,960 290,582 334,542 (35,625) (311,983) (347,608) 8.335 150.476 158,811 171,877 171.877 13. Restrlcted funds Intern Support University of Southampton provided a grant lo support the employment of a student intern from Universily of Southampton over the summer of 2024. Taroo - Bradford Bradlord City Council provided support for workshop and presentation costs for Company Zid as parl ol the BD:Festival in 2024. Brought forward Incomlng resources Outgoing resources Carrled forward 2025 Intern support Taroo - Bradford 2.500 5,185 7,685 (2,500) (5.423) 7.923 238 238 Brought forward Incomlng resources Outgoing resources Carried forward 2024 comparative Circus Change UP Taroo - London Taroo - Bradford 1.677 1,000 1.356 500 2,856 (2,677) 1.356 262 4.295 238 238 1.677 31
Crying Out Loud Limited (Limited by guarantee) Notes to the flnancial statements lor the year ended 31 March 2025 14. Analysis of net assets between funds General funds Restricted funds Total Fund balances at 31 March 2025 were represented by: Tangible fixed assets Current assets Creditors: amounts falling due within one year 2.529 170,104 2,529 170,104 25,533 147.100 25,533 147,100 Fund balances at 31 March 2024 were represented by: Tanglble fixed assets Currenl assets Creditors: amounts falling due withln one year 3,372 181,024 3,372 238 181,262 25,585 158.811 25,585 238 159,049 15. Reconclllatlon of net movement In funds to net cash flow from operating aclivilie8 2025 2024 Net movement in funds Add back depreciation charge Add back disposal ol flxed assets Deduct interesl income shown in investing activities Add back (profit) loss on linancing activities Decrease (increase) in debiors Increase (decrease) in creditors (11.949) 843 (14,505) 1,124 (3,904) (2,705) 878 785 (52) 13,399 1,595 (1,397) 13,786 2,102 17. Related Party Transactlon There were no related parly transactions during Ihe year. 32