REGISTERED COMPANY YUMBER: 05392620 ff nglAnd and Wales) REGISTERED CHARITY NUMBER.. 1109987 REPORT OF THE TRUSTEES AIID UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR I'RAM SHED TIIEATRE COMPANY LIMITED Jones Hdrris Limited 17 St P¢ters Place Fleelwood Lancashire FY7 6EB T114M SHED THEATRE COMPANY LIMITED CONTENTS OF THE FINANCIAL STATEME.NTS for the year ended 31 March 2025 Page Report of the Trustees Independent Exgtniner's Report Statement of Financial Activities Balan¢¢ Sheet Yotes to the Financial Statement5 7 to 14 Detailed Statement of Financial Activities 15 to 16 TIi4M SHED THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES ror the year ended 31 March 2025 The trustees who are also directors of the charily for the pury)0ses of the Companies Act 2006. present their repon with the financial statements of the charity for the year ended 31 March 2025. The irustees have adopted the provisions or Accounting and Reporting by Charilies.. Statement of Recommended Practice dpplicable to ¢harili¢s preparing their accounts in accordanc¢ wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019). OWECTIVES AIYD ACTIVITIES Objectives and aims 'rramshed is dn inLlusive perforniing arts organisation and charity orrering workshops, perforniances ¢￿d training lo children, young people and adulib. We deliver aLtivilies across Bla¢kpix)I, Wyre. Fylde and surrouiiding geographical areas. The opportunities we provide are open to everyone, irrespective of health. social diversity, ethnic background or ability. We aim bring individuals (ogcthcr to Lreate uutslandit]g. original and beautiful theatre which inspires and ¢elebraies everyone. Signific8llt sctivities Th¢ charity has engaged it) theatre work.shop% and live perfurnianLes. which have in¢lllded delivering time-limiled. externally runded development and eng¢igement progrdmmes. Trdmsh¢d's fucilitation of activity w&$ d¢livered through a hybrid MIA or race-Io-laLc dnd online w(Trrkshops. Tramshed's Theatre in Education progranune 'Shed Stories, has Continued to develop and grow within the business, creating beiier aLcess to our local communiiy. The charity ha5 also continued to expand its inclusive training progtumme significantly for the artisiic team and volunteers. ACHIEVEMEYTS AND PERFORMANCE Charitable activities The Trusiees express gratitude and thank5 to all donors. fimding organisations und 5UPPOrters who have contributed to Trdmshed fund%.The belief in our organi511tion contributes to the progre&q, development and succe55 of the company. When we work together. we achieve so mu¢h more. FINANCIAL REVIEW Reserves policy The charity aims to keep sU￿1c]ent reserves to maintain the charity's day to day operations. The Twstees are aware of the small incretsse in unrestricted reserves in ihe year and how the aFK>ve stated w)licy could be cornpromised. Since the yearend the Trustees have iniplemenled the following measures lo dddres4 Ihis-_ Continued to devclop gth Engagement Strategy Plan to ensure key areas such as ticket sales. merchandise sales and unrestricted donations increase through improved engagement with our target audience. - Continued to improve engagement with funding bodies who offer unrestricted support. Continued io iniprove communications between the Senior Leadership Team and the Board of Trustees regarding budget with additional finance meeiingis. - Added addiiional finance training opportunities for the Senior Leadership Team. - Recrniled additional Trustees with finance experience. STRUCTURE, GOVERNA.YCE AND M￿)TAGEMENT Governing document The charity is con1roll￿ by ILS governing documenL a deed of trusL and ¢onstitutes a limiied comp¢my, limite(I by g￿rattteC. as defined by the Companies Act 2006. Induction and training of new trustees In keeping with its size, the charity has no fomial policie5 or procedures for wruitment. appoinunenL induciion and trnining olnew Inistees. REFERENCE AND ADMINISTRATIVE DETAILS R￿IStered CompaDy number 05392620 (England and Wales) Pa8e I TRAM SHED THEA TRE COMPANY LIMITED REPORT OF THE TRUSTEES for the year ended 31 March 2025 Registered Chgrity number 1109987 Registered office 17 Si pete￿ Pl￿e Fleetwood Lan¢ashire FY7 6EB Trustee$ Mrs L J I lackett Direcior L Fox Care coordinator (resigned 22.11.24} J M Taylor Teaching As5islant P W Parkcs Counter Tem)rism Case officer {resigned 15.9.25) Mrs B Ashworth Suppun Worker Dr M H Pretorius Senior Lecturer (resigned 22.11.24) S A J Gorringe (apky)inted 22.11 ?4) Mrs J A F.Ilison {2ppointed 22.11.24) Mrs. M K Allison {appoinled 22.11.24) Independent Examincr Jones Harris Limited 17 St Petets Place Fleelwood Lancashire FY7 6EB Approved by order of the board of trustees on . . and signed on its behalf by.. Mrs B Ashworth - TN5te¢ Page 2 JNDEPENDEYT EXAMINER'S REPORT TO THE TRUSTEES OF TRAM SHED THEATRE COMPANY LIMITED Independent examincr's report to the trustees of Trxm Shcd Theatre Company Limited {'Ihe Companv.) I report to ihe charity tNstees on my examination of the accounts ol-the Compdny for the ye¢¥r ended 31 March 2025. Responsibilities and ba515 of report As the chdrity's trustees of the Company (and albo its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements ofthe Companies Aci 2006 {'the 2(X16 Acl,). Having satisfied myself that the accounts of the Company are not required to be audit¢d under Part 16 of the 2006 Act and are eligible for independent examindtion, I report in respeL¢ of my exdminatiun uf your Lh¢wily's aLcoullis as Larried out under Section 145 of the Charities Act 2011 ('th¢ 2011 Act,). In Carrying out my examination I have followed the Direclions given by Ihe Charity Commissiorb under Section 14515) {bl uf the 2011 Acl. 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 cauge lo believe.. accounting records were not kepl in respect of the Compgny as required by Section 386 of ihe 2006 Act.. or Ihe accounts do not accord with ihose records. or Ihe accounls do not comply with the accouniing requirements of Section 396 of the 2006 Act other than any requiremeni thai the accounts give a true and fair view which is not a matter considered as part of an independent exarninatioii- or the accounts have not been prePa￿d in accordance wilh the methods and principle5 of the Statement of Recommended PractlLe for accouiiting and reponing by chariiies (applicable iv chdrilie5 prep(irin¥ their diLounts in accordance with the Financial Reporting Stand&rd applicable in the UK and Republic of Ireland (FRS 102))- I have no concerns and have ¢om¢ across no oiher matlers in ￿nnection with ihe examination to which attention should be drawn in this report in order to cnablc a prU￿r undeT51anding of the accounts to b¢ reached. Martin Wig>ley Msc ACA ATII Jones I laJTiS Limited 17 S( Pelepi Place Fleetwood Lancashire FY7 6EB Page 3 T114M SHED THEATRE COMPAYY LIMITED STATEMENT OF FIYANCIAL ACTIVITIES for the vear ended JI March 2025 2025 Tot81 fvnd5 2024 Total fiJnds Unrestricted rund RestriLied funds Not INCOME AIYD ENDOWMENTS FROM Donalions and lega¢i¢s 6,628 6,628 5,205 Charitable aetivities Theaire workshops 49.367 68.141 117.508 108.173 Other trading activities Investment income 33.907 33,907 25.238 15 Totsl 89,913 68,141 158,054 138,631 EXPENDITURE OIY Raising funds 5,728 9,390 15.118 13,801 Ch¥ritable activities Theatre workshops 82,084 60,256 142,340 123.226 Total 87,812 69.646 157.458 137,027 .YET INCOMEI{EXPENt)ITUREI 2.101 (1,5051 596 1,604 RECONCILIATION OF FUNDS Tolal funds broughi fonvard 3.585 14.969 18.554 16,950 TOTAL FUIYDS CARR]ED FORWARD 5.686 13.464 19.150 18.554 The notes forni part of these financial slaiements Page 4 TIL4M SHED THEATRE COMPANY LIMITED (REGISTERED NUMBER: 05392620) BAL￿NCE SHEET 31 March 2025 2025 Toial funds 2024 Total funds Unffslricted fund Restricied funds Notes FIXED AS.SETS Tangible assels 731 229 960 1,192 CURRE.Yr ASSETS Stock5 Debiors c(￿h di bank and in hand 2.(K)8 3.174 14,592 1,072 1.960 15,770 3.174 1.357 13,235 6,539 13.235 19,774 18,802 CREDITORS Amounts lalling due wiihin one year 10 (1,584) {1.584) (1,440) NET CURRENT ASSETS 4.955 13.235 18,190 TOTAL ASSETS LESS CURREYT LIABILITIES 5.686 13.464 19,150 18.554 NET ASSETS 5.686 13,464 19,150 18,554 FUNDS Unrestri¢ted funds Restricted funds 5,686 13.464 3.585 14,969 TOTAL FUNDS 19.150 18.554 The charithble company is entitleij to exemption from audit w)der Section 477 of the Companies Act 2006 for Ihe year ended 31 March 2025. The member5 have not required the company to obtsin an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for {a) ensuring that the charitdble company keeps accounting records that comply with Seciion5 386 and 387 of the Companies Act 2006 and prepdring financial statements which give a tNe and fair view of the state of affairs of the charitable company as al the end of e￿h fi￿nCIal year and of its swplus or deficit for eaLh financial Ye￿ in ¢iccordance with the requirements of Sections 394 and 395 and which othenvise ¢omply with the requirements of the Companie5 Aei 2006 relating to fmancial stafrmenis. so far as applicable io the charithble Lompany. Ibl The notes forn) part of these financial statements Pa¥e 5 continued... TRAM SHED THEATRE COMPANY LIMITED (REGISTERED NUMBER: 05392620) BALANCE SHEET- continued 31 March 2025 These fmancial staiements have been prepared in accordance with the provisions applicable to charitable COTnpanies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were Signed on its behalf by.. mv5CLtt) B Ashworth - Trusiee The notes form part of ihese financial statements Page 6 TRAM SHED THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMELYTS for the vear ended 31 Marth 2025 ACCOUNTING POLICIES Basis of prepariTrg the financial statements The financial siaienients of Ihe charitdble company, which is a public benefit entity under FRS 102, have been prepared in aLLorth￿Ce wilh the Charilies SORP (FRS 102) 'Accounling and R¥TX)rting by Charities.. Sthtemenl ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReFK)rting Standard applicable in the UK and Republic of Ireland {FRS 102) leffe¢tive l January 2019),, Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The finan¥ial stalemenis have been prepared under the historical cost convention. Income All income ig re£ognised in Ihe Sialemenl of Financial Activities LTrllLe thc Ch￿tY has entitlement ￿ the funds. il is probable that the income will be received and the amounl can be measured reliably. Expcnditure Liabilities are recog*nised as expendilure as soon ￿ there is a legal or construclive obligation committing the charity to that expendilure, il is probable tha¢ d ifdll51er uf eL'onumic benefits will be required in settlemenl dnd ihe amount of the obligation can be measured reliably. Expenditure is acCoUn￿d for on an a¢Lruals basis and has been classified under headings that aggregate all cost related to the calegory. Where costs Cannot be directly attributed to pthicular headings they have been allocat¢d to activilies on a basis consis￿￿1 with ihe use of resources. Tangible fixed assets Depreciation is provided ai the following annual rates order to write off ¢￿h asset ov¢r its estimated useful life. Plant and machinery Fixtures fitlings Computer ¢quiprn¢ni 250/• on Cost 25 /0 on L051 33 /fj on cosi Stocks Stockq are valued al the lower of ¢ost and net realisable value, after making due allowance for obsolete and slow moving iterns. Taxation The charity i.s ¢x¢mpt from ¢orFrf)ration tax on its charilable activities. Fund accounting Unrestricted lunds can be used in accordance with the charitable objectives at the discretion of the trustees. RtslriLtcd funds can only be used for pthicular restricted Purposes within the objects of the charity. Restrictions arise when specified by ¢he donor or when futmls. are raised for Pdrticular restricted purwses. rurther explanaiion of the nature and purpose of each ￿nd is included in the notes lo the financial statements. Going concer At the lime ol approving the finaticial staiements. the trustees have a re&g)nabl¢ expectalion that the charity h& adequale resources io continue in operational exisience for ihe foreseeable future. Thus the Irustees continue io adopt the going concern basis of accounting in preparing the financial statements. Page 7 continued... TRAM SHED THEATRE COMPA.YY LIMITED NOTES TO THE FINtsLYCIAL STATEMENTS- contlnued for the year ended 31 March 2025 OTHER TRADING AcfiviTIES ?025 2024 Fundrnising events 33,907 25,238 I]YVESTMENT INCOME 2025 2024 lllleresl teceived 15 NET ILYCOMEI(EXPE￿D1TuRE) Net incomellexpenditure) is staled after ¢harg1nW(¢￿d1tjng)'. 2025 2024 Depreciation - owned assels 1.207 1.549 TRUSTEES, REMUYERA TION LND BENEFITS Trustees, expense5 There were no Iruslees, expenses paid for ihe year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrebtricied fund Restricted funds Total funds IINCOME AND ENDOWMF.NTS FROM Donations dnd legacies 5,205 5.205 Ch&ritable activities Thedlre workshops 21,995 86,178 108,173 Other trading activities Invesimenl iiiCOTne 25,238 15 25,238 15 Tot#1 52,453 86.178 138.631 EXPEINDITURE ON Raising fuiids 5,523 8278 13,801 Charitable a¢tivities Theatre workshops 58.780 64.446 123.226 Total 64.303 72.724 137.027 YET IIYCOMEI(EXPEIYDITURE) {11,850) 13,454 1,604 Page 8 continued... TRAM SHED THEATRE COMPANY LIMITED .NOTES TO THE FINLNCIAL STATEMENTS- continued fvr the year ended JI MArth 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds Total runds RECONCILIATIOY OF FUNDS Tolal funds bruughi forward 15.435 1,515 16,950 TOTAL FUNDS CARRIED FORWARD 3,585 14,969 18,554 TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machiiiery Computer equipment Totals COST At l April 2024 Addiiions 16,684 975 1,278 13.236 31,198 975 At 31 March 2025 17,659 1.278 13,236 32.173 DEPRECIATIO At l April 2024 Charge for year 15.954 974 1,277 12,775 233 30.006 1,207 At 31 M I 13,006 448 86.178 (72.7241 13,454 TOTAL FUYDS 138.631 {137,027) 1.604 A current year 12 months and prior year 12 months combined posilion is as follows.. Net movement in funds At 3113125 At 114123 Unrestricted funds General fund 15,435 {9,749) 5.686 R¢8trieted funds Arts Coun¢1 Children in Need Awdrd lor All SrK)rt.s England 1,515 11.5131 227 235 13,000 227 235 13,OlX) 1.515 11,949 13,464 TOTAL FUNDS 16,950 2,200 19,150 Page 12 continued... TRAM SHED THEA TRE COMPAYY LIMITED NOTES TO THE FINAYCIAL sTATE￿IENTs-cOnt1￿Ued for the wear ended 31 March 2025 MOVEME.NT IN FUNDS- continued A Current year 12 months and prior year 12 months combined net mov¢menl in fijnds, included in the above ar¢ follows.. In¢oming resources Resources expeiided Movemenl in fund5 Unrestricted funds Generdl fund 142,366 {152,115) (9,749) Restricted funds Arts Couiicil Children in N¢ed now YoLkr Neighbourhood 140V - All Aboard Sylvia Waddilove Fuundalion The Granada Foundation A w￿d for All STX)ns Ei)gland BCAN small grants 53.4(K) 24,902 40.0(M) 1.000 2,000 2,000 14.517 15.0 1,500 (54.913) {24,675) (40,000) (1.000) 12,000) (2,000) (14.982) 12,000) 11,500) 11,513) 227 235 13,0 154,319 (142.370) 11,949 TOTAL FUNDS 296.685 {294.485) 2,200 Re51riCted funding was received ds follows- Arts Council England was for the 'Shed Siories, project to cover programme wriiing, progrdmrn¢ creation. digital resources, TIE and outreach workshops. This has been used to pay for artistic lees, equipment. phologryaphy. logo reJ)randing. training and wotkshoplperfomiance expenses. Art.4 Council England anil Know Your NeighEx)urt]ood Communiiy Foundation was for the 'Hear Our Voice, project to cover programme wriiing. pr4)gramme Lreation, inclusive training workshops, inclusive workshop.8, Shed Siories expansion and slraiegic developmenl. This hab ken used (O Pdy for artistic fees, training expenses, volunteer expenses, inclusive equipment. clothing and office resources. Children in Need was for inLlusive performing arts, unline and face-to-face wurkyhops. perforniance and training and h&s been used io pay for drtlSliL fccs, equipTnent, theatre hire and i'olwiteer expense5. DJ Glasdon Foundation was for the 'He￿ Our Voice - All Aboard, project to support inclusive performance. This h&s been used to pay for costumes. props and ￿enery. Sylvia Waddilove Foundation was for inclusive performing arts workshops and perforniances. This has been used to pay for inclusive equipment and resources. The C￿anada Foundation was for the 'Shed Stories, project to ¢over outreach workshops and perf0m￿nceS. This hab been used to pay for artistic fees, theatre hire, partnership access and volunleer expenses. Award For All lunding was for inclusive perfoming arts workshops and performances. This has been used to pay for inclusive equipment, photography, cloihing, Irdining expenses and resources. Page 13 continued... TRAM SHED THEATRE COMPANY LIMITED YOTES TO THE FINILNCIAL STATEME.YTS- Continued for the year ended 31 Ma￿h 2025 ii. MOVEMENT IY FUNDS- continued Sports England funding was for inclusive performing arts workshops. planning and evaluations. The rnajorily of this money will be spent next yedr on artistic fees, voluntser expenses. inclusive equipmenL mdt*eting and otTice resources. BCAN small grants funding was for inclusive performing arts online and face-to-face workshops. perforniances and training. This has been used 10 pay for inclusive equipmeni, volunteer expenses and office resources. 12. RELATED PARTY DISCLOSURES The￿ were no related party trdnsactiuns for the year cnded 31 MdfLh 2025. Page 14 TRAM SHED THEATRE COMPANY LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2025 2025 2024 IINCOME AND ENDOWMENTS Donations and I￿1¢]¢¥ Donalions 6.628 5,205 Other tr¥ding 4Ctivities Fundrnisingv events 33.907 25,238 Investment income Interesi reLrived 15 Charitable activities Sponsorship Membership lees 102.587 14,921 95.126 13,047 117,508 108.173 Total incoming resources 158,054 138.631 EXPENDITURE Other trading activities Opening si()ck Purchases LicensiT]g Ticket agency fees Show expens¢s Lollery pri£es Workshops Closing stock 1.072 2,141 92 769 9.(47 2,735 1,270 12,(K>81 2.033 4,098 71 315 5,938 2.418 11,072) 15,118 13,801 Charl¢able activities Praciilion¥r5 fccs Prdctitioner training DBS checks InsuranLe Priniing, postage and stationery Advertising and publicily Telephone Travelling Subscriplions Sundry expenses Carried fonvard 98.403 7.294 230 1.488 4.255 3,644 60 586 2,466 3.446 121,872 93.939 630 257 1,446 2,546 3,686 65 1,866 2.206 3.517 110.158 This page does not form part of the statutory financial sthtements Page 15 TRAM SHED THEATRE COMPANY LIMITED DETAILED STATEMENT OF FIYANCIAL ACTIVITIES for the year ended 31 M4rth 2025 ?025 2024 Charitable gctivities Brought forward S(ordge Shed Siories project Workshop resources London trip expei)ses Sundry equipmei)I APT ¢xpenses Voluiileer expenses Dcprccialioii ch¢trge 121,872 I,(K)O 110,158 1,000 1,734 1,631 1.512 7,189 1,835 3.771 1.047 1,207 2.027 3,567 1.549 139.433 121,666 Support costs Governance costs Accouiitancy and legal fee5 Professional fees Bank charges 1.584 1,117 206 1.440 120 2,907 1.560 Total resources expended 157.458 137.027 Net income 596 1.604 This page does noi forni part of (he statutory financial statements Page 16