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||||Page|
|---|---|---|---|
|Report ofthe|Trustees||1-12|
|Independent|Examiner's|Report||
|Statement of|Financial|Activities|14|
|Balance Sheet|||15|
|Notes to the|Financial Statements||16-24|
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|Paul Scott Armfield||Appointed|17May 2022|
|---|---|---|---|
|Paloma Jacob-Duvernet||Appointed|29 April 2022|
|Hazaud Regis Gnaly||Appointed|2 May 2022|
|Iza Aparecida
De Oliveira Augusto||||
|Malcolm
Marshall|(Chair)|Appointed|31August 2023|
|Penelope
Diaz||Appointed|22April 2023|
|Laide Sonola||Appointed|22April 2023|
|Alexander
Sabine||Appointed|22April 2023|
|Ben Murray-Holmes||Appointed|22April 2023|
|Almiro de Andrade|Santos|Resigned|31August 2023|
|Susannah
Frances|Finzi|Resigned|22 April 2023|
|Penelope Karen Neu||Resigned|22 April 2023|
##
|Forthe y|ear 1 April 2022 to 31 March 2023, our total income was F64,845||||||||
|---|---|---|---|---|---|---|---|---|
|~|EXPENDITURE||||||||
|Forthe year 1 April 2022 to 31 March 2023, our total expenditure
was E116,503|||||||||
|The company
runs activities and projects that span over multiple
financial years. These activities|||and projects had funds||||||
|secured|before the financial year ending 31 March 2023.||||||||
|Difference between
income and expenditure
(f51,658)was covered by funds carried forward
from previous||||financial year.|||||
|~|ACCOUNTANTS||||||||
|A resolution
proposing
the ieappointment
ofGibson Whitter as examiner
will be submitted||atthe|Annual
General||||||
|Meeting.|||||||||
|~|INVESTMENTS||||||||
|The charity has no investments.|||||||||
|~|RISK MANAGEMENT||||||||
|The company undertakes
periodic reviews for different areas ofrisk including
insurance
cover, health and safety
policies||||||in||the|
|workplace|and whilst performing,
working
with young people, children
and vulnerable
adults,|financial affairs, personnel|||||||
|practices,|ICTtechnology.||||||||
|~|RESERVES POLICY||||||||
|The Trustees have agreed a policy for the retention
of unrestricted
free reserves such that a designated||||fund representing|||||
|the equivalent
ofthree month's
expenditure
should be built up as a safeguard
against financial|||risk and to ensure that|||the|||
|company|is able to meet its obligations
in the event ofclosure.||||||||
|~|RESERVES||||||||
|The movement
in reserves isshown
in note 15to the accounts. On 31stMarch 2023the company|||held f9,003||||||
|Unrestricted
Reserves.|||||||||
|A prior year adjustment
was carried out. See note 11 in the accounts for more detail.|||||||||
|~|GOING CONCERN||||||||
|The Trustees consider a going concern basis is appropriate
forthe preparation
ofthe accounts.|||||||||
|The Trustees having considered
future activities are confident that the company
will continue totrade forthe 12months|||||||||
|following|the date ofthis report. Please refer to note 1 in the accounts for more detail.||||||||
|Future|Plans: For the next12 months
following the date ofthis report, a number ofprojects have||already|been confirmed,||||or|
|are in advanced stages ofdevelopment.|||||||||
|Medium|and large-scale
projects include:||||||||
|~|Out On An Island - Our community
heritage
and oral history project funded
by The National
Lottery Heritage||||Fund,||||
||explorers over 100years of LGBTQ+ history on the Isle ofWight. The project current edition (Pride in Self. Pride|||||||in|
||Place) runs
until October 2024. A new phase (Building Bridges) is planned,
to start in November|||24, subject to|||funds||
||from The National
Lottery Reaching
Communities.||||||||
|~|Joe Carstairs - A new touring
production
which
will be headlining
the 96Festival|at Omnibus
Theatre (London—|||||||
||June 2024) over athree week run, before transferring
to Quay Arts (Isle ofWight|- July 2024) for athree night|||||run.||
||Plans are under way for a national
and international
tour from 2025.||||||||
|~|Directors
In Practice Programme
(DIPP) - Later in 2024 we are planning
to bring|back|our flagship
training||||||
||programme
working
with diverse emerging
theatre directors and producers
leading to a Festival|||showcasing|their||||
||talents. Subject to funds, our plan is to develop this new edition as an international
collaboration|||with partners||from|||
||India, which
will see theatre makers collaborating
across borders and presenting|their work in London, the Isle|||||of||
||Wight and India.||||||||
|Small-scale projects include:|||||||||
|~|Coproduction
/ Presentation
ofthe show Labels in partnership
with company
Worklight||and venue Quay Arts||(May||||
||2024), exploring issues ofidentities
and the labels that are imposed
on us and the labels we impose on others.||||||||
|~|Summer
Drama School in partnership
with Quay Arts (Newport —Isle ofWight).|Free theatre training
for young|||||||
||islanders
aged 8to 15.||||||||
|~|Hear Me Now Co-production
with Brevity (Isle ofWight). An Arts Council funded|project which
will enable aspiring|||||||
||LGBTQ+ writers to develop their skill working
alongside
professional
writers,
culminating
in their|||work being|||||
||published
and performed
by professional
actors.||||||||
|The trustees who are also directors ofthe charity for the purposes
ofthe Companies
Act||2006,|present their report with||||the||
|financial|statements
of the charity
for the year ended
31 March 2023. The trustees|have|adopted|the provisions||||of|
|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)||
|(effective|1 January 2019).||||||||
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|||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||||||as restated|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||786|550|1,336|54,932|
|Charitable
activities||||||||
|Theatre productions,|Community|||||||
|Engagement
and Training||||12,148|51,299|63,447|41,638|
|Investment
income||||62||62||
|Total||||12,996|51,849|64,845|96,575|
|EXPENDITURE ON||||||||
|Raising funds||||1,289||1,289|1,474|
|Charitable
activities||||||||
|Theatre productions,|Community|||||||
|Engagement
and Training||||45,999|69,215|115,214|106,443|
|Total||||47,288|69,215|116,503|107,917|
|NET INCOME/(EXPENDITURE)||||(34,292)|(17,366)|(51,658)|(11,342)|
|Transfers
between funds|||15|~17,366)|17,366|||
|Net movement
in funds||||(51,658)||(51,658)|(11,342)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||||||
|As previously
reported||||15,879|37,068|52,947|72,003|
|Prior year adjustment|||11|44,782|~37,068)|7,714||
|As restated||||60,661||60,661|72,003|
|TOTAL FUNDS CARRIED FORWARD||||9,003||9,003|60,661|
##
||BALANCE SHEET
31 MARCH 2023|||
|---|---|---|---|
|||31.3.23|31.3.22|
||||as restated|
||Notes||F|
|CURRENT ASSETS||||
|Debtors|12|4,618|7,714|
|Cash at bank||9,825|53,697|
|||14,443|61,411|
|CREDITORS||||
|Amounts
falling due within one year|13|(5,440)|(750)|
|NET CURRENT ASSETS||9,003|60,661|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||9,003|60,661|
|NET ASSETS||9,003|60,661|
|FUNDS|15|||
|Unrestricted
funds||9,003|60,661|
|TOTAL FUNDS||9,003|60,661|
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||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|
|||||||as restated|
||||||F|F|
||Donations||||1,336||
||Grants|||||54,932|
||||||1,336|54,932|
||Grants received,|included|in the above,|are as follows:|||
||||||31.3.23|31.3.22|
|||||||as restated|
||Arts Council England - Covid Emergency|||Fund||54,932|
|3.|INVESTMENT INCOME||||||
||||||31.3.23|31.3.22|
|||||||as restated|
||Deposit account|interest|||62|5|
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|INCOME FROM|CH|ARIT|AB|LE ACTIVIT|IES|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.3.23|31.3.22|
|||||Activity||||f|as restated|
|Fees, commissions||and||Theatre productions,||Community||||
|co-productions||||Engagement|and Training|||23,947|7,674|
|Grants||||Theatre productions,||Community||||
|||||Engagement|and Training|||39,500|33,964|
|||||||||63,447|41,638|
|Grants received,|included||in|the above, are as follows:||||||
|||||||||31.3.23|31.3.22|
||||||||||as restated|
|Heritage
Lottery|Fund|||||||30,000|4,240|
|Royal Victoria Hall Foundation|||||||||1,500|
|Age UK|||||||||1,000|
|Southern
Water|||||||||8,000|
|Carisbrooke
Castle||Museum|||||||3,000|
|IOW Council||||||||7,000||
|Arts Council England|||||||||16,224|
|The Great British|Sasakawa|||Foundation||||2,500||
|||||||||39,500|33,964|
|RAISING FUNDS||||||||||
|Raising donations||and|legacies|||||||
|||||||||31.3.23|31.3.22|
||||||||||as restated|
|Fundraising
training||||||||1,289|1,474|
|CHARITABLE ACTIVITIES||||COSTS||||||
||||||||Direct|Support||
||||||||Costs (see|costs (see||
||||||||note 7)
f|note 8)|Totals
f|
|Theatre productions,||Community||||||||
|Engagement
and|Training||||||110,858|4,356|115,214|
##
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|7.|DIRECT COS|TS OF|C|HARITABLE ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||||31.3.23|31.3.22|
|||||||f|as restated
f|
||Production fees and costs|||||74,694|66,520|
||Subcontractors|||||36,164|34,586|
|||||||110,858|101,106|
|8.|SUPPORT COSTS|||||||
|||||||Governance||
||||||Management
f|costs
f|Totals|
||Theatre productions,||Community|||||
||Engagement|and Training|||2,566|1,790|4,356|
||Support costs, included|||in the above, are as follows:||||
||Management|||||||
|||||||31.3.23|31.3.22|
||||||||as restated|
|||||||Theatre||
|||||||productions,||
|||||||Community||
|||||||Engagement||
|||||||and|Total|
|||||||Training
f|activities
f|
||Bank charges|||||62|10|
||Insurance|||||975|1,170|
||Subscriptions|||||622|854|
||Computer expenses|||||499|1,178|
||Legal and professional|||fees||408|500|
|||||||2,566|3,712|
||Governance|costs||||||
|||||||31.3.23|31.3.22|
||||||||as restated|
|||||||Theatre||
|||||||productions,||
|||||||Community||
|||||||Engagement||
|||||||and|Total|
|||||||Training|activities|
||Examiners fee - Gibson|||Whitter||1,440||
||Examiners fee - F Lachmann|||||350|1,625|
|||||||1,790|1,625|
##
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|There were
no
trustees'
expenses
paid for the year ended
31 March 20
31 March 2022.|There were
no
trustees'
expenses
paid for the year ended
31 March 20
31 March 2022.|There were
no
trustees'
expenses
paid for the year ended
31 March 20
31 March 2022.|23 nor for th|e year ended|
|---|---|---|---|---|
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||||as restated|
|||||F|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies||54,932||54,932|
|Charitable
activities|||||
|Theatre productions,
Community|||||
|Engagement
and Training||7,674|33,964|41,638|
|Investment
income|||||
|Total||62,611|33,964|96,575|
|EXPENDITURE ON|||||
|Raising funds||1,474||1,474|
|Charitable
activities|||||
|Theatre productions,
Community|||||
|Engagement
and Training||69,314|37,129|106,443|
|Total||70,788|37,129|107,917|
|NET INCOME/(EXPENDITURE)
Transfers
between funds||(8,177)
~3,165)|(3,165)
3,165|(11,342)|
|Net movement
in funds||(11,342)||(11,342)|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward|||||
|As previously
reported||14,866|57,137|72,003|
|Prior year adjustment||57,137|~57,137)||
|As restated||72,003||72,003|
|TOTAL FUNDS CARRIED FORWARD||60,661||60,661|
##
##
||It has also been
identified
that f7,714 of accrued
omitted
from the accounts
in 2022.|i|ncome
in res|pect
of this
grant w|as
incorrectly|
|---|---|---|---|---|---|
||A summary
ofthese changes
is shown
below.|||||
|||||31.03.23|31.03.22|
|||||F|F|
||Reallocation
of income from restricted to unrestricted|||49,969|80,099|
||Accrued
unrestricted
income
Reallocation
of production
costs from restricted to unrestricted|||7,714
~70,038)|~22,962)|
||Effect of prior year adjustment|||~12,355)|57,137|
||Unrestricted
funds|||||
||Total unrestricted
funds brought
forward as previously||stated|15,879|14,866|
||Effect of2021 prior year adjustment
Effect of2022 prior year adjustment|||57,137
~12,355)|57,137|
||Total unrestricted
funds brought
forward as restated|||60,661|72,003|
||Restricted funds|||||
||Total restricted
funds brought
forward as previously|stated||37,068|57,137|
||Effect of2021 prior year adjustment|||(57,137)|(57,137)|
||Effect of2022 prior year adjustment|||20,069||
||Total restricted
funds brought
forward as restated|||Nil|Nil|
|12.|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE||YEAR|||
|||||31.3.23|31.3.22|
||||||as restated|
|||||E||
||Other debtors|||3,000|7,714|
||Prepayments|||1,618||
|||||4,618|7,714|
##
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|||31.3.23|31.3.22|
|---|---|---|---|
||||as restated|
|||F||
|Deferred|income|4,000||
|Accrued|expenses|1,440|750|
|||5,440|750|
##
|ANALY|SIS OF NET ASSETS|BETWEEN FUNDS||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
||||||as restated|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|||F|F|||
|Current
Current|assets
liabilities|10,443
~1,440)|4,000
~4,000)|14,443
~5,440)|61,411
~750)|
|||9,003||9,003|60,661|
##
|MOVEME|N|T
IN FUNDS||||||
|---|---|---|---|---|---|---|---|
|||||Prior|Net|Transfers||
|||||year|movement|between|At|
||||At 1.4.22|adjustment|in funds|funds|31.3.23|
||||F||F|||
|Unrestricted||funds||||||
|Unrestricted||Funds|15,879|44,782|(34,292)|(17,366)|9,003|
|Restricted||funds||||||
|Arts Council||- DCMS||||||
|funding|||37,068|(37,068)||||
|Out on an|Island||||(11,936)|11,936||
|Directors|in|Practice||||||
|Showcase|||||~5,430)|5,430||
||||37,068|37,068|~17.366|17,366||
|TOTAL FUNDS|||52,947|7,714|~51,658)||9,003|
##
##
|Net moveme|nt
in funds,
included
in the above|are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||F|F||
|Unrestricted|funds||||
|Unrestricted|Funds|12,996|(47,288)|(34,292)|
|Restricted|funds||||
|Utter Mess|Production|32,500|(32,500)||
|Out on an Island
Directors
in Practice Showcase||4,000
15,349|(15,936)
~20,779)|(11,936)
~5,430)|
|||51,849|~69,215)|~17,366)|
|TOTAL FUNDS||64,845|(116,503)|~51,658)|
##
|Comparativ|es
for movem|ent
in funds|||||
|---|---|---|---|---|---|---|
||||Prior|Net|Transfers||
||||year|movement|between|At|
|||At 1.4.21
f|adjustment
P|in funds
F|funds
F|31.3.22|
|Unrestricted
funds|||||||
|Unrestricted|Funds|14,866|57,137|(8,177)|(3,165)|60,661|
|Restricted|funds||||||
|Arts Council|- DCMS||||||
|funding||57,137|(57,137)||||
|Playdough
( Stone
Crabs Young Director)||||~3,165)|3,165||
|||57,137|)57,137)|~3,165)|3,165||
|TOTAL FUNDS||72,003||(11,342)||60,661|
|Comparativ|e
net movement
in funds,
included|in the above are as follows|:||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||f.|||
|Unrestricted
funds|||||
|Unrestricted|Funds|62,611|(70,788)|(8,177)|
|Restricted|funds||||
|Out on an|Island|16,240|(16,240)||
|Playdough
Director)|( Stone Crabs Young|17,724|~20,889)|~3,165)|
|||33,964|~37,129|~3,165)|
|TOTAL FUNDS||96,575|~107,917)|~11,342)|
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