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2022-03-31-accounts

MONTAGE THEATRE ARTS ANNUAL REPORT 2021/2022

(A company limited by guarantee)

My Office Club 67-71 Lewisham High Street London SE13 5JX

Registered Charity No. 1103460 Registered Company No 5020947 020 8692 7007 www.montagetheatre.com

Montage Theatre Arts Company Limited by Guarantee

Annual Report and Financial Statements

Year ended 31 March 2022

Contents Page
Trustees Annual Report 1-7
Independent Examiner’s Report 8
Statement of Financial Activities 9
(incorporating the income and expenditure account)
Balance Sheet 10
Notes to the financial statements 11-20

Montage Theatre Arts Company Limited by Guarantee

Report of the Trustees for the year ended 31 March 2022

The Trustees are pleased to present their report together with the financial statements of the charity for the year ending 31 March 2022.

Reference and administrative details

Charity Number: 1103460 Company Number: 5020947 Principal Office: My Office Club, 67-71 Lewisham High Street, London, SE13 5JX Bankers: The Co-operative Bank, Lewisham Branch, 151 Lewisham High Street, London SE13 6AA Independent Examiner: Kathleen Moss ACMA, CGMA

Directors and Trustees

The directors of the charitable company (“the charity”) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.

The trustees serving during the year and since the year end were as follows:

Chair Marian Cleary Treasurer Laura de Poitiers Company Secretary Laura de Poitiers Other Members Matthew Housden Kate Jones Nixon Rosembert Harriet Margolies Sinan Waheed (appointed 17[th] October 2022)

1

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Montage Theatre Arts (MTA) is a company limited by guarantee, incorporated and registered as a charity 20 January 2004.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the charity and there are currently 7, each of whom agrees to contribute £1 in the event of the charity winding up. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.

Appointment of Trustees

As set out in the Articles of Association the trustees are appointed by the board. They hold office until the following Annual General Meeting when they will be eligible for re-appointment. One third of the members of the board of trustees resign at each Annual General Meeting and are eligible for re-election. The trustees may appoint any member of the charity as a member of the board of trustees provided that the prescribed maximum is not exceeded. When considering appointing trustees, the board has regard to the requirement for any specialist skills or representation needed.

Trustee Induction and Training

New trustees are provided with information on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making process, the business plan and recent financial performance of the charity. They meet key employees and other trustees during the induction process. Trustees are encouraged to attend external training events where these will facilitate the undertaking of their role.

Organisation

The board of trustees, which can have up to eight members, administers the charity. The board meets quarterly and there are sub-groups covering fundraising, development and company structure which meet as required.

A General Manager is appointed to manage the day-to-day operations of the charity, to whom authority for operational matters including finance, employment and artistic performance related activity is delegated, within terms of delegation approved by the trustees. The employees of the company remained the General Manager and the Youth Programme Assistant, the company also chose to employ an Administrator and further Youth Programme Assistant during the 21-22 financial year. A freelance Funding Director, Youth Programme Manager and Creative Co-Ordinator were also contracted to help ensure the smooth day-to-day running of the charity.

Our Independent Examiner, as appointed by the board, remained Kathleen Moss.

2

Related Parties

No related party transactions have occurred this year.

Whilst the charity has no formal relationship with ‘related charities’, it values collaboration with fellow theatre and community organisations, and exchanges mutual support and assistance wherever possible. This includes co-productions and partnerships within projects.

Risk Management

The trustees have a risk management strategy that comprises:

PUBLIC BENEFIT STATEMENT

MTA’s main aim is to advance education for the public benefit by the promotion of the arts, but not exclusively, the performing arts.

MTA works with children and families in one of the most deprived areas of London, providing a year-round programme of classes, workshops and projects using dance, drama, singing and musical theatre promoting access to the arts for all. These activities are used to give participants the chance to learn new skills, promote confidence, and allow each individual to find their creative voice and experience the transformative power of the performing arts. The activities provided create a culture of lifelong learning where positive opportunities combat the threats of peer pressure that can lead to crime and other social issues.

MTA ensures public benefit within the community by:

The trustees review the aims, objectives, and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

3

OBJECTIVES AND ACTIVITIES

MTA is a registered charity, who were based at the Sydenham Centre until June 2022 when they established a new primary office in a co-working space in central Lewisham. The charity primarily runs activities in the London Borough of Lewisham. The organisation, established in 1998, has a respected track record for offering excellent and vital opportunities for children, young people, and adults from the local community. Despite the COVID-19 pandemic continuing to hinder some face-to-face activities in 2021, the organisation has quickly rebuilt their audiences to near pre-COVID numbers (circa 1,850 active students in 21/22 vs. 2,300 in 19/20).

Lewisham is in the top 40% of boroughs for deprivation and 14[th] for childhood poverty (37% of children are living in poverty)[1] . It also has the lowest GCSE attainment in English and Maths[2] . Finally, Lewisham has one of the highest ‘first time entrants into youth justice’ rates in London[3] .

Approximately 25% of MTA’s students access financial assistance to attend their activities, using concessionary rates or free places and approximately 35% of MTA’s service users are from BAME communities. Participants in MTA activities are often referred through schools/social care teams/young carer support networks/refugee action groups and MTA has a special aim to increase the opportunities available to such young people.

MTA provides a year-round programme of classes, workshops and projects using dance, drama and music where participants are given the chance to learn new skills and grow in confidence. MTA activities are proven to raise aspirations, increase educational attainment, teach critical and empathetic thinking, and creates supportive and safe spaces for young people. Our service users form a community united by their love of performing arts which breaks many social barriers such as gender, sexuality, race, and socioeconomic background. MTA has a strong policy of encouraging the ‘voice’ of participants, actively involving them and the extended families in planning and practice, working as a unified community organisation.

During the COVID pandemic, and subsequent national lockdowns, MTA continued to offer sustained access to the performing arts through online classes via video conferencing software. From April 2021, MTA has been able to resume face-to-face activities on a more permanent basis and has worked hard to re-establish audiences and engagement.

The core activities excluding stand-alone projects delivered during the 21/22 financial year:

MTA worked in partnership with several local organisations, including Volunteer Action Lewisham, Volunteer Services Lewisham, Lewisham Arts Education Network, Prendergast Hilly Fields College, Sydenham Arts and several local nurseries, primary and secondary schools.

MTA’s General Manager also worked closely in association with Lewisham Council to organise, produce and deliver the launch of the Lewisham Borough of Culture ‘Day One’ festival in January 2022.

The organisation also worked with several high-profile partners on projects, placements, and performance work, including Royal Academy of Dance, London Academy of Music and Drama, National Theatre, and various universities including Goldsmiths, South Bank University and Central School of Speech and Drama.

1 London Poverty Profile

2 DFE (https://data.london.gov.uk/dataset/gcse-results-by-borough)

3 Joint Strategic Needs Assessment – Picture of Lewisham

4

COMPANY PERFORMANCE AND ACHIEVEMENTS

Achievements: Performance & Financial Review

The focus of the 21/22 financial year, as decided by the Board of Trustees and Senior Leadership Team, was to re-establish the children’s and young people’s programme post COVID. This is where the principal of the organisation’s revenue funding is raised, and subsequent sustainability is found. MTA staff worked to reestablish audiences, focussing on engagement within the community and widening participation. While audience and student numbers remain slightly lower than pre-COVID, the organisation is pleased by the level of success being ‘back in-person’ has brought and intend to continue building upon this in the 22/23 financial year.

MTA received £40,477 in Restricted funding (2021: £66,745), total income for the year is £229,412 (2021: 203,378) the Unrestricted income being £188,935 (2021: £136,633). MTA has ended the 21/22 year with a surplus of £20,738 (2021: £27,540), after Restricted expenditure of £40,477 (2021: £68,174) and Unrestricted expenditure of £168,557 (2021: £107,664).

MTA’s charitable reserves now stand at £80,148 (2021: £59,770). MTA’s reserve policy states that MTA will hold a minimum of 3 months expenditure inclusive of direct costs, fees and overheads. The trustees are satisfied that the reserves held at the end of 21/22 meet this policy.

Achievements: Widening Participation

MTA’s main aim is to remove any financial, or perceived social barrier for people wanting to access the performing arts. The application criteria for means tested reduced-rate and free places remained as it was during the 20/21 financial year. The organisation also continued to allow special dispensation if applicants did not meet the criteria but could demonstrate need. Subsequently the number of reduced-rate and free spaces offered throughout 21/22 has grown, including offering over 60 free spaces during holiday courses (vs. 25 in 20/21).

The ability to offer these courses to the community at affordable prices is key to the charitable aims of MTA. Low-income families can access reduced rates meaning courses can cost as little as £2 per session, with those able to pay more benefitting from hugely competitive rates while subsidising these reduced-rate places.

MTA’s free place programme continues to offer fully funded training to some of the most talented and disadvantaged in the borough who, without these places, would not be able to gain access to quality arts training. Their bursaries are valued at between £95 and £400 per term per student.

Achievements: Minis, Child & Youth Programmes

Participants learnt a range of performance arts including ballet, street dance, contemporary dance, drama, singing, tap and musical theatre. MTA was also able to continue to prepare students for accredited exams with the Royal Academy of Dance and the London Academy of Music and Dramatic Art.

MTA offered OFSTED registered holiday programmes at two sites throughout the year allowing much-needed respite for both working (and non-working) parents. The summer courses were MTA’s 21[st] and continue to demonstrate the need for a safe and welcoming environment where children can explore their creativity during a time where affordable and worthwhile leisure activities can be hard to find.

Performances

Performance is at the heart of MTA’s ethos and every child is given the chance to shine. Both in-class performances to family and friends and larger scale shows are a much-anticipated part of the core programme and offer a chance to celebrate learning achievements and participant development.

October 2021 saw the organisation’s first live performance for young people since December 2019. The Montage Youth Theatre Company performed their play inspired by Lord of the Flies. In December 2021, MTA’s

5

Saturday School (over 70 children) performed a pantomime version of Robin Hood. Parents were allowed to watch an end of holiday course performance in February 2022, and in March 2022 the Spring Term ended with parents watching various showcases and in-class performances.

Prior to October 2021, the charity continued to film the final performances of face-to-face classes and holiday programmes when able to do so. This meant that although audiences were not allowed on site, parents, friends, and the charity’s supporters could still celebrate the childrens’ achievements.

Youth Committee

MTA’s youth committee is made up of our youth theatre and scholars. This group of individuals helps shape the programme and events. The students’ voices matter, and the organisation hopes to utilise their expertise more in the future.

Mental Health & Wellbeing

In response to the COVID-19 Pandemic and the long-term effects on young people’s mental health, MTA applied to London Community Funders. In February 2021, MTA was awarded £8,967 to support the cost of a Mental Health and Wellbeing project. This project included training the organisation’s senior leadership and site staff in Youth Mental Health First Aid and working with a Drama Therapist to develop techniques facilitators can use in class to support participant’s mental health.

Achievements: Volunteer programme

MTA’s large volunteer programme normally engages up to 25 volunteers per year, including several from the Royal Academy of Dance, Goldsmiths and the Central School of Speech and Drama.

Unfortunately COVID restrictions regarding social distancing all but paused MTA’s volunteer programme during 20/21 financial year, and the organisation has only just begun rebuilding this as of January 2022 due to the vulnerable nature of many volunteers.

The organisation worked with 5 volunteers in the period January to March 2022 and look forward to continuing to re-build the volunteer programme once again in the 22/23 financial year.

Achievements: Funding

Across the financial year 21/22 MTA was successful in receiving money from the following trusts, councils, and organisations. Their thanks and appreciation are extended to all those who have made it possible for them to continue their work within the community.

MTA also took part in two additional online fundraising campaigns, the Big Summer Give and the Big Christmas Give. These achieved over £25,000 throughout the financial year .

Looking Forward to 22/23: Potential Risks

The cost-of-living crisis, inflation, and demonstrable need in more socioeconomically challenged areas present some risks as the 2022 financial year progresses.

The organisation plans to reassess staffing needs and organisational structure to enable growth and development throughout the next financial year. The next 3-year business plan is being drafted with the support of the Cranfield Trust, and many other exciting opportunities are in early planning stages.

The Board of Trustees are satisfied that the reserves exceed the reserves policy, and the organisation are looking to re-invest into plans to further secure the organisation’s long-term stability.

6

Trustee Statement

The trustees (who are also directors of Montage Theatre Arts for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006.

They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees on 31 March 2022 was six (2021: seven). Trustees are members of the charity, but this entitles them only to voting rights.

Our Independent Examiner, as appointed by the board, Kathleen Moss Limited.

The company has taken advantage of the small companies’ exemption in preparing the report above. The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Approved by the trustees on December 2022 and signed on their behalf by:

Marian Cleary – Chair Person Laura de Poitiers – Treasurer and Company Secretary

7

INDEPENDENT EXAMINER’S REPORT

To the Trustees of Montage Theatre Arts Ltd

I report on the accounts of Montage Theatre Arts Ltd for the year ended 31[st] March 2022 which are set out on the following pages.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date 29/12/2022

Kathleen Moss ACMA, CGMA Kathleen Moss Ltd 48 Lawn Terrace London

8

Montage Theatre Arts Limited

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022

Total Total
Unrestricted Restricted Funds Unrestricted Restricted Funds
Funds Funds 2022 Funds Funds 2021
Income Note £ £ £ £ £ £
Donations and legacies 3 1,720 24,517 26,237 2,266 30,733 32,999
Charitable activities 4 187,215 15,960 203,175 134,367 36,012 170,379
______ ______ ______ __ __ __
Total income 188,935 40,477 229,412 136,633 66,745 203,378
______ ______ ______ __ __ __
Expenditure: 5
Raising funds 13,466 - 13,466 9,797 - 9,797
Charitable activities 155,091 40,477 195,568 97,867 68,174 166,041
Other expenditure - -
______ ______ ______ __ __ __
Total expenditure 168,557 40,477 209,034 107,664 68,174 175,838
______ ______ ______ __ __ __
Net income for the year 6 20,378 - 20,378 28,969 (1,429) 27,540
Reconciliation of funds
Total funds brought forward 59,770 - 59,770 32,230 - 32,230
Transfer between funds - - - (1,429) 1,429 -
______ ______ ______ __ __ __
Total funds carried forward £ 80,148
 - £ 80,148
 £ 59,770
 - £ 59,770

All of the above results are derived from continuing activities . There were no other recognised gains or losses, other than those stated above. Movements in funds are disclosed in Note 13 to the financial statements.

The statement of financial activities complies with the requirements for an income and expenditure account under the Companies Act 2006.

The notes on the following pages form part of these financial statements

9

Montage Theatre Arts Limited

Balance Sheet As at 31 March 2022

Note
£
Fixed assets
Tangible Assets
8
Current assets
Debtors
9
7,004
Cash at bank and in hand
83,501
__
90,505
Liabilities:
Creditors: Amount falling due within one year
10
13,414
____
Net current assets
Total net assets
11
The funds of the charity:
12
Restricted income funds
Unrestricted income funds
General reserve
Total charity funds		 2022
£
£
3,057
2,564
73,362

_
_75,926
19,948

__
77,091
_
80,148
£
_
-
80,148
_
80,148
£
_		 2021
£
3,792
55,978
_
59,770
£
_
-
59,770
_
59,770
£
_

The charity is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022. No member of the charity has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with sections 386 and 387 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the trustees on and signed on their behalf by Marian Cleary - Chair of Trustees Laura de Poitiers - Treasurer and Company Se Company number: 05020947 Charity number: 1103460

The notes on the following pages form part of these financial statements

10

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022

1 Statutory information

Montage Theatre Arts is a charitable company, limited by guarantee, registered in England and Wales number 05020947 and is registered with the Charity Commission number 1103460. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The nature of the charitable company's operations and principle activities are to work with children and families in one of the most deprived areas of London, providing a year-round programme of classes, workshops and projects using dance, drama and music. The charitable company’s registered office address can be found on the Legal and Administrative Information page. The registered office is the principle place of business. The functional currency is sterling.

2 Accounting Policies

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (Charities SORP FRS 102) and the Companies Act 2006.

Montage Theatre Arts meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). There are no material uncertainties about Montage Theatre Arts' ability to continue as a going concern and no sources of estimation uncertainty at the reporting date.

B Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

C Gifts/intangible income

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

11

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

D Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

E Expenditure and irrecoverable VAT

Expenditure is accounted for on an accruals basis with the irrecoverable element of VAT included with the item to which it relates and has been classified under headings that aggregate all costs related to the category.

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs.

Other expenditure represents those items not falling into any other heading.

F Fixed Assets

Tangible fixed assets are stated at cost, or if donated, at their estimated value at the date of donation, less depreciation.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 25% straight line

G Leasing commitments

Rental charges are charged on a straight line basis over the term of the lease.

H Debtors

The charity does not have a material holding in complex financial instruments.

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

K Pensions

The charitable company has an Auto Enrolment pension with the People's Pension. Contributions are charged to the Statement of Financial Activities as they are incurred.

12

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

Unrestricted Restricted Total
2022
3 Donations and legacies £ £ £
Donations 1,720 13,017 14,737
The Childhood Trust - 6,000 6,000
ATG Productions - 5,500 5,500
______ _ _
£1,720 £24,517 £26,237
______ _ _
Prior year comparative 2021
Donations and legacies £ £ £
Donations 2,266 16,733 18,999
Hilary and Stuart Williams
Foundation Trust - 5,500 5,500
The Childhood Trust - 7,000 7,000
Ray Cooney Plays - 1,500 1,500
__ ___ _
£2,266 £30,733 £32,999
__ ___ ___
4 Income from charitable activities 2022
Grant income £ £ £
London Borough of Lewisham 9,000 - 9,000
London Community Response
Fund - 8,967 8,967
Kickstart - DWP 6,964 - 6,964
Lee Charity of William Hatcliff - 6,143 6,143
Jack Petchey Foundation - 850 850
______ _ _
15,964 £15,960 £31,924
______ _ _
Classes and events
Core programme income 89,983 - 89,983
Holiday programme income 75,705 - 75,705
Other events and workshop inco 776 - 776
T-Shirts 607 - 607
External services 4,180 - 4,180
_ _ _
£171,251 - £171,251
_ _ _
4 Total income from charitable
activities		 £187,215 £15,960 £203,175
______ _ _
4 Prior year comparative
Income from charitable activities 2021

13

Montage Theatre Arts Limited

Grant income £ £ £
London Borough of Lewisham 7,500 - 7,500
Arts Council - 12,719 12,719
London Community Response
Fund - 15,370 15,370
Job Retention Scheme Grant 13,084 13,084
Lee Charity of William Hatcliff - 6,173 6,173
Jack Petchey Foundation - 1,750 1,750
__ ___ ___
20,584 £36,012 £56,596
__ ___ ___
Classes and events
Core programme income 65,169 - 65,169
Holiday programme income 47,983 - 47,983
Other events and workshop incom 479 - 479
T-Shirts 152 - 152
___ ___ ___
£113,783 - £113,783

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Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

5 Analysis of expenditure

Expenditure represents the following direct and apportioned costs

Costs of Charitable Charitable Govern- 2022
raising funds activities ance Total
£ £ £ £
Fundraising 12,497 - - 12,497
Staff costs - 71,107 7,901 79,008
Teacher/Course Manager Fees - 53,874 - 53,874
Administrator Fees - 1,380 - 1,380
Venue hire - 21,770 - 21,770
Exam fees - 296 - 296
Other Project costs - 1,300 - 1,300
Youth Prog Manager - 19,800 2,200 22,000
Creative consultant - 660 - 660
Recruitment, Consultancy, Legal,
Payroll - 198 198
Independent Examination - - 960 960
Staff training - 390 - 390
Marketing, Publicity, Website, T
Shirts - 6,528 - 6,528
Stationery, Telephone, Subscriptions 670 2,680 - 3,350
Rent, Utilities, Premises, Insurance, 299 1,045 149 1,493
Bank and paypal charges - - 2,197 2,197
Petty Cash, Miscellaneous &
Volunteer expenses - 287 - 287
Trustee meeting expenses - - 111 111
Depreciation - 735 - 735
_ _ _ _
£13,466 £181,852 £13,716 £209,034
_ _ _ _
Of the total expenditure: Unrestricted Restricted Total
2022 £ 168,557
 £ 40,477
 £ 209,034
2021 £ 107,664
 £ 68,174
 £ 175,838

Notes to the financial statements for the year ended 31 March 2022: continued

15

Montage Theatre Arts Limited

Prior year comparative - Analysis of expenditure

Expenditure represents the following direct and apportioned costs

Costs of Charitable Govern- 2021
raising funds activities ance Total
£ £ £ £
Fundraising 8,106 - - 8,106
Teacher/Course Manager Fees - 40,796 - 40,796
Administrator Fees - 18,469 - 18,469
Project/Volunteer co-ordinator - 0 - 0
Venue hire - 7,174 - 7,174
Exam fees - 1,009 - 1,009
Other Project costs - 332 - 332
General Mgr and Youth Prog - 72,430 8,048 80,478
Mgr/Asst
Creative consultant - 4,010 - 4,010
Apprentices - - -
Recruitment, Consultancy, Legal, - - 13 13
Payroll
Independent Examination - - 960 960
Marketing, Publicity, Website, T - 3,119 - 3,119
Shirts
Stationery, Telephone, Subscriptions 892 3,567 - 4,459
Rent, Utilities, Premises, Insurance,
Postage 799 2,797 400 3,996
Bank and paypal charges - - 1,413 1,413
Petty Cash, Miscellaneous & - 902 - 902
Volunteer expenses
Depreciation - 602 - 602
___ ___ ___ ___
£9,797 £155,208 £10,833 £175,838
___ ___ ___ ___
Net income for the year
2022 2021
The net income for the year is stated after charging:
Depreciation of tangible fixed assets owned by the Ch £735 £602
Independent Examination £900 £900

6 Net income for the year

16

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

7 Staff costs

Staff costs during the year were: 2022 2021
£ £
Salaries and wages 75,397 57,686
Social Security costs 2,221 4,629
Other pension costs 1,390 1,178
______ ______
£79,008 £63,493
______ ______

Montage Theatre Arts currently has 4 employees (2021: 3) all other staff are freelancers and invoice the organisation. No employee earned over £60,000 in the year.

Key management personnel are the Trustees, General Manager and Funding Director, the latter is not an employee. The total benefit of the key management personnel including NIC and pension in the year was £42,333 (2021: £48,090).

The average number of employees during the year was 4 (2021: 3).

No remuneration was paid to Trustees in the year (2021 - £ nil) , nor were any expenses reimbursed to them (2021 - £nil).

8 Tangible fixed assets

Office Fixtures & Production Wates
Equipment Fittings Equipment Equipment Total
£ £ £ £
Cost at 1 April 2021 6,620 212 7,117 749 14,698
Additions at cost - - - - -
__ ______ ______ ______ __
At 31 March 2022 £6,620 £212 £7,117 £749 £14,698
__ __ __ __ __
Depreciation:
Accumulated Depreciation
at 1 April 2021 5,288 212 4,657 749 10,906
Charge for year 400 - 335 - 735
______ ______ ______ ______ ______
At 31 March 2022 £5,688 £212 £4,992 £749 £11,641
__ ______ ______ ______ ______
Net Book Value:
At 31 March 2022 £932 - £2,125 - £3,057
__ ______ ______ ______ __
At 31 March 2021 1,332 - £2,460 - £3,792
__ ______ ______ ______ __

17

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

9 Debtors 2022 2021
Due within one year: £ £
Accrued income 6,143 236
Prepayments 861 2,328
_____ _____
£7,004 £2,564
_____ _____
10 Creditors
Amounts falling due within one year:
2022 2021
£ £
Accruals 6,334 2,960
Income received in advance 6,179 13,458
Pension 594 359
Social Security and other taxes 307 3,171
_ _
£13,414 £19,948
_ _
11 Analysis of net assets between funds Unrestricted Restricted Total
Funds Funds Funds
£ £ £
Fund Balances at 31 March 2022 are represented by:
Tangible Fixed Assets 3,057 - 3,057
Current Assets 90,505 - 90,505
Creditors: Amounts falling due
within one year (13,414) - (13,414)
______ ______ ______
Total net assets £80,148 - £80,148
______ ______ ______
Analysis of net assets between funds - prior year comparative
Unrestricted Restricted Total
Funds Funds Funds
£ £ £
Fund Balances at 31 March 2021 are represented by:
Tangible Fixed Assets 3190 - 3190
Current Assets 75,926 - 75,926
Creditors: Amounts falling due
within one year (19,948) - (19,948)
__ ______ __
Total net assets £59,168 - £59,168
__ __ __

18

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

**12 ** Funds
Fund movements were as follows: At 1st Apr Incoming Outgoing Transfers At 31st Mar
2021 between funds 2022
£ £ £ £ £
Restricted Funds
London Community Response Fund - 8,967 (8,967) -
Jack Petchey Foundation - 350 (350) - -
Lee Charity of William Hatcliff - 6,143 (6,143) - -
Big Christmas Give - 11,837 (11,837) - -
Big Summer Give - 13,180 (13,180) - -
______ ______ ______ ______ ______
Total Restricted Funds - 40,477 (40,477) - -
______ ______ ______ ______ ______
Unrestricted funds:
General funds 59,770 188,935 (168,557) - 80,148
______ ______ ______ ______ ______
Total funds 59,770 £229,412 (£209,034) - £80,148
______ ______ ______ ______ ______
Restricted Funds - description
LBL Small Grant Award To support running costs as a regularly funded organisation.
Jack Petchey Foundation Award for young people participating in the project, voted for by
students. The award comes with a small grant that is to be spent in
accordance with the recipients' wishes. £500 was given to support the
Big Give Christmas campaign
Lee Charity of William Hatcliff To support the cost of the scholarship programme for children in the Lee
postcode area.

To support the cost of the scholarship programmes during school holidays.

Big Give To support the cost of the scholarship programmes during school
holidays.
Arts Council Emergency funding to support MTA during Covid-19 pandemic.
London Community Response Fund Emergency funding to support MTA during Covid-19 pandemic.
Fund movements were as follows: At 1st Apr Incoming Outgoing Transfers At 31st Mar
Prior year comparative 2020 between funds 2021
£ £ £ £ £
Restricted Funds
Arts Council - 12,719 (14,148) 1,429 -
London Community Response Fund - 15,370 (15,370) -
Jack Petchey Foundation - 1,750 (1,750) - -
Lee Charity of William Hatcliff - 6,173 (6,173) - -
Big Christmas Give - 12,985 (12,985) - -
Big Summer Give - 17,748 (17,748) - -
__ __ __ __ __
Total Restricted Funds - 66,745 (68,174) 1,429 -
__ __ __ __ __
Unrestricted funds:
General funds 32,230 136,633 (107,664) ( 1,429) 59,770
__ __ __ __ __

19

Montage Theatre Arts Limited

Notes to the financial statements for the year ended 31 March 2022: continued

13 Taxation

The charitable company is registered as a charity and all of its income falls within the exemptions under Part 11 of the Corporation Tax Act 2010.

14 Related parties

There are no related party transactions to disclose for 2022 (2021: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

15 Trustees

None of the trustees (or any person connected with them) received any remunerations from the charity during the year. No reimbursements were made to trustees in 2022 (2021: Nil) for travelling and other expenses and no payments were made direct to third parties.

16 Pension and other post-retirement benefit commitments

Defined contribution 2022 2021
£ £
Contributions payable by the company for the year 1,390 1,436

At 31 March 2022 £622 was outstanding, paid in 2022 ( 2021: £191)

17 Capital commitments

At 31 March 2022 the charity had committed to £nil (2021: £nil) capital commitments

18 Operating lease commitments

The charitable company has no future minimum lease payments under non-cancellable operating leases (2021:Nil).

19 Contingent assets or liabilities

There are no contingent assets or liabilities at March 2022 (2021:Nil).

20 Liability of members

Montage Theatre Arts is a company limited by guarantee and has no share capital. In the event of the company being wound up, the liability of the members is limited to £1 each.

21 Ultimate controlling party

The charitable company was under the control of the Trustees during the period under review. There is no single ultimate controlling party.

20