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← Transaction Theatre Company Ltd

2024-03-31-accounts

TRANSACTION THEATRE COMPANY LTD ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Company number 5250418 Charity number 1112104

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TRANSACTION THEATRE COMPANY LTD

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

INDEX
Administrative information 3
Trustees and Directors annual report
4-10
Independent examiner s report 11
Statement of financial activities 12
Balance sheet 13
Notes to the financial statements 14-26

2

TRANSACTION THEATRE COMPANY LTD

ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024

DIRECTORS

COMPANY SECRETARY

Louise Anderson Alexa Louise Gorse Claire Naomi Neilson Joey Hateley

REGISTERED OFFICE AND

PRINCIPAL PLACE OF BUSINESS INDEPENDENT EXAMINER ACCOUNTANTS

3 Wilton Road, Chorlton, Manchester, M21 9GS Christy Lau FCCA CTA DChA Slade & Coopers Beehive Mill, Jersey Street Ancoats Manchester M4 6JG

BANKERS Santander UK PLC, 2 Triton Square, Regent s Place, London, NW1 3AN

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TRANSACTION THEATRE COMPANY LTD

TRUSTEES AND DIRECTORS ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors report and accounts for Companies act purposes.

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).

OBJECTIVES AND ACTIVITIES

Chartable objects

The charitable objectives of the company are stated as follows: The advancement of public education, both within the UK and overseas, in the issues surrounding gender identity by the provision of related performance art, theatre, multi-media presentations and such other means as the trustees shall from time to time determine”.

Activities

The Artistic Director (AD) filed a qualitative Arts Council of England (ACE) report to support the companies ability to apply again for match funding in the future, to ensure that bids may continue to be successful with our long term supporting partner. The AD continued to volunteer on behalf of the charity with The Factory on the 'Peoples Forum Board , attending monthly meeting and a huge variety of industry networking events, in addition to various specialist training in-kind throughout the year. Crowd fund raising was relatively successful, as we recognise this is a particularly challenging time for charities, with a huge decrease in public donations in the UK and globally; particularly with the arts and especially in the theatre industry. Charity donations and crowd fund raising began the process towards the ability to match-fund to begin the process of planning to write a detailed highly specialised grant bid for an R&D of a new digital hybrid accessible performance. This new project was made possible by a grant that was applied for and secured by the AD for £600 from Manchester PRIDE. This lead to the additional in kind, cash & expert support from Manchester International Festival (MIF). In addition, the potential of two festivals in Germany, subject to their funding outcomes to program the companies work, provided the ability for the AD to apply for 90% match funding support, which was successfully secured yet again from ACE. This process took the majority of the year to plan for, outreach the appropriate collaboratives and liaise with the relevant partners in this challenging climate of austerity. The creative work that followed was incredibly time consuming and involved a great deal of specialist script writing by the AD over many months, with the occasional input from a dramaturg who was paid via the Manchester PRIDE grant and crowdfunding raised.

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The main activities included:

Securing in-kind partners, planning, bid writing and securing successful match funding

Preparing material for creative work, organising and arranging materials and resources.

Devising, script-writing, managing and producing new work with collaborative artists. Collaborating with new and old experts partners to create new cutting edge material.

Learning about how to best produce high quality multi-layered AV projection, audio and new text to integrate with a myriad of possibilities to explore trajectories of the work.

Creating video and editing audio for an AV projected integrated backdrop

Creating edits of AV in collaboration with new and existing digital experts

Producing a new script and edit for sharing, plus a post report with new script arc sections

Co-producing a private sharing to experts and collating documented feedback to inform the future qualitative creative R&D process, to ensure the project moves forwards successfully to a high industry standard.

Organising and liaising with co-producers to plan and deliver the R&D process, product and post event report, to meet match funders and the companies aims and objectives.

Evaluating what worked creatively with the in-kind supportive feedback of industry experts

Learning and implementing industry feedback to inform the future direction of the work, with new ideas and decisions to continuously guide a high quality creative process and product.

Learning how to best add CC and edit audio to the post event documentation to gain further in-kind private feedback through expert networks - ongoing in dialogue.

Gaining further insight from expert individuals, interdisciplinary industry connections and private networks to evaluate and inform access and to shape the creative process, content, vision, products and longer term outcomes.

Other activities included:

19.04.23 Attending writing workshop, show and feedback The Lowry 'The Lesbian Pirates' 04.05.23 Writing CC and audio description workshop, online show and feedback The Lowry 'Past Life' and being in the docs-promo.

06.2023 Attending 'You me and the Ballons' The Factory Intl and various events 25.06.23 Supporting ' The Factory Testing' International pre-opening. 30.06.23 The faggots and their friends between revolutions HOME theatre 14.07.23 Non-binary work '50 hours of freedom' Contact Theatre

09.23 'Free your Mind' Preview Opening The Factory Intl 23-24 People Forum Board, The Factory Intl and various related events.

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23-24+ 'People like Us' Photography book and visual audio exhibition collaborative project ongoing with Holly Revell to create publication and a touring exhibition to raise awareness of the diversity of female masculinity for decades to come.

Public Benefit

The activities listed above culminate in an ongoing process to reach the charities main aims for public benefit through live and hybrid digital work, in the past, present, short and longer term - which continue to be visible online. Glimpses of the new R&D process have now been shared online for the benefit of the public, crowd funding and the companies public profile. However, the current ongoing R&D process with CC and audio descriptive AV integration was and is at present mostly privately shared with industry experts. The work was under embargo for 6 months during its developmental stages, as these crucial qualitative processes are vital for the pursuit of excellence, education and access for all, which is part of strategic planning, to maximise future goals, engagement and outreach. This ensures excellence when sharing with the wider public to reaches as many audiences as possible with high quality work in a multitude of ways. Interconnecting with the global arts, education, museum and history industries, global experts and LGBTQ+ specialist networks will raise the profile of TransAction and secure further project development, funds and resources long term.

Representing an aFab trans-positive presence is of great importance, especially in a climate where young non-binary people in the UK and many transgendered lives and health are at risk globally - under legal, social religious and medical systematic attack and scrutiny. Much of TransAction's work over 20 years continues to be viewed online for many to access as a public resource for schools, museums, academic research, mainstream education and LGBTQ+ audiences of all ages and locations. Academic experts mention the companies work 600 times globally, both online and in publications. 20.6 K view images and videos of the charities work to date. TransAction s social media continues to grow and the work is cited by academics, viewed and interacted with by 55K+ across the global, with artistic and organisational new collaborations which continue to grow in potential.

Achievements and Performance

The process of dramaturg and script writing was secured by the AD with support from Manchester Pride and crowd fund raising over many months. This led to MIF supporting a 2 week intensive R&D period and priceless sharing and feedback from invited industry experts. This was documented and edited for professional evaluation purposes, which continues to play a vital role in shaping, ensuring new industry partnership support and informing the success and ongoing development of the companies crucially important, marginalised work. The AD managed freelance artists and worked with in-kind partnership organisations to produce the private sharing, completing admin and producing high quality script and AV avails, sound effects, audio and original music, to meet the companies and partnership funding requirements. The AD attended training and networking events, administrated, fundraised, managed, produced, planned and worked creatively to try to secure more in-kind R&D funding and opportunities. The AD continued to work in-kind to cover running costs, admin, fundraising time, overheads and technical purchases when needed to continue the charities work, liaising with artists, multiple collaborative organisations and potential future in-kind funders. The performance of the company is

6

limited by the ADs in-kind time as the only fundraiser, networker, administrator, marketing manager, strategist, creator and artistic producer/director. The AD continues to cover overheads, admin, fundraising time and equipment costs when needed, to minimise expenditure in-kind to sustain the company.

FINANCIAL REVIEW

Overview

Restricted funds were used mostly to pay minority freelance artists in line with the main aims of the charity and partners, in addition to the companies legal, financial and ethical responsibilities, purposes and remit. Although the charity has a small surplus of unrestricted funds recently secured, this is not taken for granted and this funding needs to be managed with careful planning. The charity would have had a deficit and not been able to survive, if it were not for the continued hard work and in-kind time of the AD.

Reserves

The charity’s total funds at year end amounted to £26,786, including a restricted ACE fund balance of £26,399. We do not have a formal reserve policy or target, due to the high level of expenditure, especially with regards to digital technology and the scarcity of highly trained lighting specialists, whom are very costly in competition with larger corporate business industries. However, our commitment to pay diverse artists remains a priority to create work that will engage young people and a wide cross range of all kinds of audiences through multi-media and digital theatre/performance outreach and engagement products.

Going concern

Whilst the charity and AD continues to work partially in-kind to preserve funds and generate future match support for activities, we are conscious that reserves need to be maintained. We recognise the financial challenges and high cost of using and employing new media products and technical experts who are hard to secure, whilst supporting our ethos to employ and collaborative with diverse artists, in accordance with our policies and that of our partnership funders. Having created work that remains largely invisible and unsupported for 20 years, it is hoped this will improve by creating accessible hybrid new media performances that are flexible enough to perform live and create streaming events longer term, beyond austerity with the new cash and in-kind support offers.

FUTURE PLANS

We continue to support our Artistic Director's (AD) plans for the future: The AD continue to apply for creative development and opportunities that arise, informing the board on TransAction s success, challenges and sustainability. We will continue to meet as many aims as possible to support our AD for maximum public benefit - past, present and future. The AD will continue to attend networking and training events when possible, although we recognise their time is limited and the skills needed are highly specialised. The AD will continues as much as is possible to continue moving forward creatively, amidst the need to crowd fundraising, grant write, apply for artist residences, commissions and continually seek in-kind match support to ensure the success and sustainability of the companies work, our goals and those of our match funders.

7

Using the R&D AV footage, the AD will continue to seek existing and new in-kind feedback and potential new partners to collaboratively develop and support the companies work to meet and sustain our goals. The AD will continue to experiment with new ideas and creative material to develop and shape the future work, vision and outcomes. Excerpts of public sharing on social media will maintain TransAction's profile and continue to crowd fundraise. We will research, explore, problem-solve and strategies on how best to use new technology to ensure the security of the company within the current climate. We will support the AD in their process to implement concrete plans and in-kind support, as they continue to seek and secure new partnership and opportunities, to support the company to meet our short and short term goals.

A number of exciting possibilities are in the pipe line - yet to be confirmed. The two festivals in Germany did not achieve their funding goals successfully enough to contract the company's new work. Therefore the AD continues to seek alternative solutions, to also fulfill the goals of our main funders, who's ethics and diversity aims and strategies are complicit with our objectives and activities. The new R&D work continues to explore digital CC and audio descriptive inclusion through multi-media hybrid performance, working towards the longer term creation of potential VR, live performance and flexible digital products. We fully support our ADs on-going evaluative process, informed by expert peer audiences and private specialist feedback. The AD continues to administrate, fundraise and manage the creative work, practical day to day administration and planning with input from the board, whilst working creatively and pragmatically to seek and secure more inkind R&D match fund opportunities.

It is hoped the new creative process and products will continue to grow and create more support and opportunities through expert input, evaluation and feedback through specialists networks within the trans, queer and intersectional global arts circuits; in local, national and international educational, historical and multi-art form industries. We will assist the AD to strengthen, build on and develop new skills in collaboration to inform, qualitatively and creatively, and to explore and pragmatically raise the profile of the companies work - to ensure accessible outreach, to reach all goals and outcomes.

The AD will continue to manage freelance artists, admin, fundraising, creative development to informing the board on TransAction s progress, success, challenges and sustainability. The AD continues to work in-kind to cover running costs, admin, fundraising time, overheads and technical time and costs when needed, liaising with long term and newly found collaborative artists, whilst building on and strengthening existing networks and always seeking new potential future match funding organisations, partnerships and opportunities. We will continue to meet as many aims as possible to support our AD for maximum public benefit - past, present and future. It is hoped new hybrid digital theatre work will improve with the investment of time and funds in order to sustain multi-platform products, widen outreach and input - to engage a myriad of audiences and organisations to co-support, market, match fund, disseminate and celebrate the companies work globally.

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STRUCTURE GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee governed by its memorandum and articles of association dated 5 October 2004 as amended by special resolution dated 20 October 2015, as required by the Charity Commission.

Members of the company

There are no members of the company other than the trustees and the Artistic Director.

Appointment of trustees

Rotating chair and finance trustees Claire Neilson and Alexa Gorse are founding members of the company, with secretary and artistic director Joey Hateley. Trustees are recruited in an effort to maintain a broad skill mix. For example Alexa Gorse is a solicitor, Claire Neilson a drama specialist educational psychologist and policy make and Louise Anderson is a lighting designer.

Trustee induction and training

Trustees have experience working in the arts and education, have intersecting transferable skills and support TransAction s practical work whenever possible. The trustees provide the AD with feedback on creative work and give a supportive critical outside eye with regards to the charities main aims - in the pursuit of excellence. New trustees attend a meeting as an observer before being voted in and are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of Association, Trustee meetings, decisionmaking processes, secretary s reporting, businesses plans and recent financial performance of the charity.

Organisation

The board of trustees administers the charity with a maximum of 15 and minimum of 2 trustees who are present to meet quarterly with Secretary and Artistic Director Joey Hateley. Within terms of delegation approved by the trustees for operational matters including finance, employment and artistic performance related activity, Secretary and Artistic Director Joey Hateley is appointed by the trustees to manage all the day-to-day operations of the charitable company. The Trustees are all volunteers and do not receive any payment for their services. Joey Hateley is engaged as the Artistic Director on a freelance basis.

There are no related party transactions which are required to be disclosed.

TRUSTEES RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees (who are also directors of Transaction Theatre Company Ltd for the purposes of company law) are responsible for preparing the trustees’ annual 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:

9

The trustees are responsible for keeping proper 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.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

Approved by the Board of Trustees and signed on its behalf by:

Alexa Louise Gorse – Director Date: 29/12/2024

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INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF TRANSACTION THEATRE COMPANY LTD FOR THE YEAR ENDED 31 MARCH 2023

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2024 which are set out on pages 12 to 26.

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.

Christy Lau FCCA CTA DChA

Slade & Cooper Limited Beehive Mill Jersey Street Manchester M4 6JG

29[th] December 2024

11

Transaction Theatre Company Ltd

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
8,074
Charitable activities:
4
-
Total income
8,074
Expenditure on:
Charitable activities:
5
7,700
Total expenditure
7,700
374
7
374
Net movement in funds for the year
374
Reconciliation of funds
Total funds brought forward
13
Total funds carried forward
387
Net income/(expenditure) before
net gains/(losses) on investments
Net income/(expenditure) for the
year		 Restricted
funds
£
-
32,844
32,844
6,445
6,445
26,399
26,399
26,399
-
26,399		 Total funds
2024
£
8,074
32,844
40,918
14,145
14,145
26,773
26,773
26,773
13
26,786		 Total funds
2023
£
18,540
857
19,397
29,814
29,814
(10,417)
(10,417)
(10,417)
10,430
13

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

A full comparative SOFA is available on the last page of the financial statements.

12

Transaction Theatre Company Ltd Company number 05250418

Balance sheet as at 31 March 2024

Note
£
£
Fixed assets
Tangible assets
-
-
Total fixed assets
-
Current assets
Debtors
10
850
Cash at bank and in hand
11
30,041
Total current assets
30,891
Liabilities
Creditors: amounts falling
due in less than one year
12
(4,105)
Net current assets
26,786
Total assets less current liabilities
26,786
Net assets
26,786
The funds of the charity:
Restricted income funds
13
26,399
Unrestricted income funds
14
387
Total charity funds
26,786
2024		 £
£
-
-
1,508
433
1,941
(1,928)
13
13
13
-
13
13
2023		 £
£
-
-
1,508
433
1,941
(1,928)
13
13
13
-
13
13
2023
-
13
13
13
-
13
13

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and in accordance with FRS102 SORP, and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 14 to 26 form part of these accounts.

Approved by the trustees on 29/12/2024 and signed on their behalf by:

Alexa Louise Gorse (Director)

13

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The charity has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these Financial Statements.

Transaction Theatre Company Ltd 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.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

The trustees have made no key judgments which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

14

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and 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.

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

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item 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), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated 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.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

15

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

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:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 6.

i Tangible fixed assets

Individual fixed assets costing £150 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Office fixtures and equipment

25%

There are currently no fixed assets.

16

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

17

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Current reporting period
Donations
Donated services
Total
Previous reporting period
Donations
Donated services
Total		 Unrestricted
£
574
7,500
8,074
Unrestricted
£
40
18,500
18,540		 Restricted
£
-
-
-
Restricted
£
-
-
-		 Total 2024
£
574
7,500
8,074
Total 2023
£
40
18,500
18,540

18

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

4 Income from charitable activities

Current reporting period
Arts Council England
MIF
Manchester Pride
Total
Previous reporting period
Performance fees
Total		 Unrestricted
£
-
-
-
-
Unrestricted
£
857
857		 Restricted
£
29,894
2,350
600
32,844
Restricted
£
-
-		 Total 2024
£
29,894
2,350
600
32,844
Total 2023
£
857
857

19

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

5 Analysis of expenditure on charitable activities

Current reporting period
Production costs
In kind support
Governance costs (see note 6)
Support costs (see note 6)
Restricted expenditure
Unrestricted expenditure
6
Analysis of governance and support costs
Current reporting period
Basis of
apportionment
Office costs
Support
Accountancy services
Governance		 Total 2024
£
6,054
7,500
440
151
14,145
2024
£
6,445
7,700
14,145
Total 2024
£
151
440
591		 Total 2023
£
10,881
18,500
420
13
29,814
2023
£
10,390
19,424
29,814
Total 2023
£
13
420
433

20

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

7 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2024 2023
£ £
Independent examiner's fee
Accountancy fees 260 250
Independent examination 105 100

8 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2023: Nil).

No trustees received travel and subsistence expenses during the year (2023:£nil).

Aggregate donations from related parties were £nil (2023: £nil).

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

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2023: nil).

Joey Hateley is engaged as the Artistic Director on a freelance basis.

21

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

9 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

10 Debtors

Income receivable
11
Cash at bank and in hand
Cash at bank and on hand
12
Creditors: amounts falling due within one year
Other creditors and accruals		 2024
£
850
850
2024
£
30,041
30,041
2024
£
4,105
4,105		 2023
£
1,508
1,508
2023
£
433
433
2023
£
1,928
1,928

22

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

13 Analysis of movements in restricted funds

Arts Council England
MIF
Manchester Pride
Total
Arts Council England
Total
Arts Council England
MIF
Manchester Pride
Previous reporting
period
Current reporting
period
Name of
restricted fund		 Balance at
1 April
2023
Income
Expenditure
Transfers
Balance at
31 March
2024
£
£
£
£
£
-
29,894
(3,495)
-
26,399
-
2,350
(2,350)
-
-
-
600
(600)
-
-
-
32,844
(6,445)
-
26,399
Balance at
1 April
2022
Income
Expenditure
Transfers
Balance at
31 March
2023
£
£
£
£
£
10,390
-
(10,390)
-
-
10,390
-
(10,390)
-
-
Description, nature and purposes of the fund
Harry Stokes 2
Cut To The Chase

Harry Stokes 2 (brought forward 2022/23: ‘Harry: The Man-Woman of
Manchester’)		 Balance at
31 March
2024
£
26,399
-
-
26,399
Balance at
31 March
2023
£
-
-

23

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

14 Analysis of movement in unrestricted funds

General fund
Current reporting
period
Previous reporting
period
Name of
unrestricted fund
General fund		 Balance
at 1 April
2023
£
13
13
Balance
at 1 April
2022
£
40
40
Description,
 Income
Expenditure
Transfers
£
£
£
8,074
(7,700)
-
8,074
(7,700)
-
Income
Expenditure
Transfers
£
£
£
19,397
(19,424)
-
19,397
(19,424)
-
nature and purposes of the fund		 As at 31
March 2024
£
387
387
As at 31
March 2023
£
13
13

General fund The free reserves after allowing for all designated funds

24

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

15 Analysis of net assets between funds

Current reporting period
Net current assets/(liabilities)
Total
Previous reporting period
Net current assets/(liabilities)
Total		 General
fund
£
387
387
General
fund
£
13
13		 Designated
funds
£
-
-
Designated
funds
£
-
-		 Restricted
funds
£
26,399
26,399
Restricted
funds
£
-
-		 Total
£
26,786
26,786
Total
£
13
13

25

Transaction Theatre Company Ltd

Notes to the accounts for the year ended 31 March 2024 (continued)

16 Prior year Statement of Financial Activities (including Income and Expenditure account)

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
18,540
Charitable activities:
4
857
Total income
19,397
Expenditure on:
Charitable activities:
5
19,424
Total expenditure
19,424
(27)
7
(27)
Net movement in funds for the year
(27)
Reconciliation of funds
Total funds brought forward
40
Total funds carried forward
13
Net income/(expenditure) for the
year
Net income/(expenditure) before
net gains/(losses) on investments		 Restricted
funds
£
-
-
-
10,390
10,390
(10,390)
(10,390)
(10,390)
10,390
-		 Total funds
2023
£
18,540
857
19,397
29,814
29,814
(10,417)
(10,417)
(10,417)
10,430
13		 Total funds
2022
£
4,289
300
4,589
9,248
9,248
(4,659)
(4,659)
(4,659)
15,089
10,430

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

26