REGISTERED COMPANY NUMBER: 4693145 (England and Wales) REGISTERED CHARITY NUMBER: 1115881 REPORT OF THE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR STONE CRABS PRODUCTIONS Gibson Whitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire P07 6XP
STONE CRABS PRODUCTIONS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1to6 Independent Examinerfs Report Statement of Flnanclal Activltlos Balance Sheet Notss to the Flnanclal Statements 10t0 17
REPORT OF THE TRUSTEES STONECRA8S PRODUCTIONS - YEAR ENDED 31ST MARCH 2024 LEGAL AND ADMINISTRATIVE INFORMATION DIRECTORS & TRUSTEES: Paul Scott Armfield Pakjma Jac4jWuvert Hazaud Regis Gnaly Iza Aparecida De Oliveira Augusto Malcolm Marshall (Chair) Penelo Diaz Laid8 Sonola Aléxander Sabine Ben Murray-Holmes Almiro de Andrad8 Sant08 Susannah Frances Finzi Penelope Karen Neu Sophia Alaynah Preston Resigned 13 September 2024 Resigned 13 September 2024 Appoint&J 31 August 2023 Appoint8J 22 April 2023 ApFointed 22 )ri12023 Appoint&J 22 nI 2023 Aprointéd 22 April 2023 Resigned 31 August 2023 Resigned 22 Apnl 2023 Resigned 22 April 2023 Appointed 13 September 2024 EXECUTive TEAM: Jose Fabio Jesus Santos Francisco Figueiredo-stow COMPANY SECRETARY: Jose Fabio Jesus Santos REGISTERED OFFICE: 28 Albert Road Shaklin Isle of IAhght P037 7NS EXAMINER Gibson Whitter Larch House Parklands Business Park Denmead Hampshire P07 6XP CHARITY REGISTRATION NUMBER: 1115881 COMPANY REGISTRATION NUMBER: 4693145 Page 1
DIRECTORS. AND TRUSTEES. REPORT The directorsllrustses present their report and the financial ststements for the year ended 31 st March 2024. Company Registration number.. 4693146. Chaiity Registration number. 1115881 Register8d Office.. 26 Albert Road, Shanklin, Isle of Wght. P037 7NS. PRINCIPAL ACTIVITY AND CHARITABLE OBJECTIVE The principal activity of the company is that of theatrical productions. Otherlwo key strands also integral to the company's worf( are Communty Engagement and Training. The primary objècts of the company are to promote, maintain, improve and advanc8 education, primari through the dramatic arts. DIRECTORS & TRUSTEES The diractorsltrustees set out below have held office during the whole year unless otherwisè indicated.. Paul Scott Armfield P81oma jtsDuve Hazaud Regis Gnaly Iza Aparecida De Oliveira Augusto Malcolm Marshall (Chair) Penelope Diaz Laid8 Sonola Alexander Sabine Ben Murray-Holm8S Almiro de Andrade Santos Susannah Frances Finzi Penelope Karen Neu Sophia Alaynah Preston Resigned 13 September 2024 Resigned 13 Septembér 2024 Appoint•J 31 August 2023
pointaJ 22 April 2023 Appoint&J 22 April 2023 AppJint&J 22 4Dril 2023 Apwintèa 22 April 2023 Resigned 31 August 2023 Resigned 22 April 2023 Resigned 22 Apnl 2023 Appointsd 13 Septembar 2024 The directors of the company fom Its Committee of Managernent and Goveming BcAly and are empowered to act as necessary in order for the company to fulfil its objecttves. Directors may b& appointsd by the members of the Clmnpany or fellow directors at any time. CONSTITUTION AND STATUS The company has no share capital, being limited by guarantee. It is a registered Charity number 1115881 whose governing document is its m8morandum and a.eS of assoriab'on. Page 2
FINANCIAL REVIEW INCOME For the year 1 Apfil 2023 to 31 March 2024. our total income was £73,468. EXPENDrruRE For the year 1 April 2023 to 31 March 2024, our total expenditure was £81,123. The company runs activities and projects that span over mU1p18 financial years. These acb'vities and projects had funds secured before financial year ending 31 March 2024. Th8 difference b&tsv88n income and expenditure1£7,655) was covered by funds carried forward from prèvious financial year. ACCOUNTANTS A resolution proposing the reappointment of Gibson as examiner will be submitted at the Annual G8nèral Meeting. INVESTMENTS Tha charity has no investrnents. RISK MANAGEMENT The company undertakes periodic reviews fordifferent areas of rlsk including insurancè cover, health and safety policies in th6 workplace and whilst P8rf0Thing, working with young people, children and vuln8rabl6 adult5, financial affairs, personnel practicas. ICT tèchnology. RESERVE8 POLICY The Trustees have agreed a policy for the rétention of unrestrictsd free reserves such that a designated fund representing the equivalent of three month's expenditure should b8 built up as a safeguard against financial nsk and to ensure that the company is able to méet its obligations in the event of closure. RESERVES The movemenl in reserves is shown in note 15 to the accounts. On 31 March 2024 the company held £1,348 Unrestrscted Res8iNes. The charity 18 working to strengthen its reserves in line with the ReseN08 Policy. In November 2024, we secu a thre rant of £245,630 from tho Natlonal Lottery Community Fund-the largest grant in our history. We've also secured ditional £57,750 from other funders, ¢0¥8rtng tho 12 months to 31 January 2026. ana Thank8 to th18 Succe, and ¢arefvl financial management, the trustse8 are confident that our fr88 reièrvm 08 ot 31 March 2024 are sufficient a basis lo build from, golng Into the 2025 financlal focused on building reserves through unrostricted grants, 8eNi¢e provision, ear. Our fundraising campaign 18 also ndraising events, and pnvate donation8. GOING CONCERN The Trustees consider agoing concern basis is appropriate for the preparation ofthé a¢¢ounts. The Trustees having considered fvture acts'vrties are nffident that the cKJmpany will contsnue to trade for the 12 months following the date of this report. From 1 April 2024 projècts indude.. Out On An I818nd- Building Bridges fvnded by The National Lottery Communty FurKJ for 3 years. Joe Carstair8-A new production headlining the 96 Festival at Omnibus Theatre (London- June 2024) over a three week run, before transferring to Quay Arts Ilsle of Wght- July 2024) for a three night run. Coproduction I Presentation ofthe show Labels in partnership with company Worklighl and venue Quay Arts (May 2024), exploring issues of identities and the labels that are imposed on us and the labels we impose on others. Summer Drama School in partnership with Quay Arts IN8wport- Isle ofwghtl. Free theatre training for young islanders aged 8 to 15 (July 20241. Hear Me Now Co-production with Brevity (Isle oflhlght). An Arts Council funded project which enabled aspiring LGBTQ+ writers to develop their skill working alongside professional writers, culminaling in their worf( being published and perfomed by professional actors {May- July 2024). The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The truste8s have adopt8d thè provisions of Accounting and Repoth'ng by Charitiès.. Statement of Recommènded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iréland (FRS 102) (effective 1 January 2019)- Page 3
PROJECTS- ACTIVITIES The Trustees confimi that in compiling this report they have had due regard to the guidan on public benefit issued by the Charity Commi381on in compliance with the duty set out In section 4 of the Charities knt 2006. OUT ON AN ISLAND- PRIDE IN SELF. PRIDE IN PLACE For the year endéd 31 March 2024 Ihe organisation frKu8ed its resources on the Oul On An Island proiect. Following the success of th8 prq'ect's first phase, further funds wero secured by the Nats'onal Lottéry Heritage funds to run phase 2 (May 2023 to Nov8mber 2024). Out On An Island - Prfde in Self. Pride in Place, focused on bulldlng community, understanding, and pride within the LGBTQ+ population of the Isle of Wght. Running from May 2023 to November 2024, this initiative has successfully engaged local volunteers, participants and audiences. It provided a plattom for $haring LGBTQ+ histories and fostered a supportive neOrk aimed at improving w8llb8ing and community connection. ORAL HISTORY We conducted and recorded a total of 15 interview8, all of which have been carefvlly transcribed and digilized for preservation. These récordings are now ah1Ved in the Oral History Collection at Carisbrooke Castl8 and Iho Wessex Film and Sound Archives. To enhance acc8ssibilty and outreach, a 10-minute version of thèse interyiews is available on th8 Slonecrabs YouTube Channel, while 2-minute exIpts were showcased at the 'Quiltsd Memones, exhibition at Carisbrooke Castle Museum from July to November 2024. ONGOING SESSIONS As well as regular sessions open to members of the LGBTa+ community, their families, friends and allies, we also delivered six LGBT Hislory Club events at venues such as Montsge Place, tha Classic Boat Museum, Monkton Arts, and Quay Arts. These events covered a range of topics, including 'The History of Pride, The History of Ihe AIDS Memorial Quill,, and 'aueering History., On8 notable feature was th8 pilot walk titled 'Walk on the Wilde Side of Ryde., which attractsd signifi¢8nt attendanca 8cross all sessions. 'W8lk On The Wilde Side of Ryde., was a performed walk shining a light on Oscar Wildè connection with Ryde. It was piloted at the Isle of Imghl Walking Festival receiving ènthusiastic feedback. Following this success. we have secured fijnding to collaborate wrth artists and schools to develop four addOnal LGBTQ+ walks inspired by our LGBTQ+ Trail Map. Events also incorporat8d hands-on activities, such as quilt patch making and banner crafting, which proved to be highly sueLessful. As one volunteer noted regarding the worf<shops'. 'It was so good to have the LG8THistory Club on Pnde, and Tr-creating Th8 History of Pride through th8 placards was calhaitic. I feél the 'History of Pride, should becom8 an important strand in the parade, wilh w0shopS beftjrghand and inter8ctiv8 activiti8s on ourstall, such as a match-the-dat&s and 8vents game. I felt vgry proud of what weve managed to achi8v81° QUILTED MEMORIES EXHIBITION Inspired by the AIDS Memorial Quilt. wè invited members of the communty to design their own individual patch for an Isle of ghl Memorial Quilt. This ctrcreation was the agntrepiece of our 8xhibition Iebratsng LGBT History Month {February 2024) at Monkton Arts. The exhibition was accompanied by parallel workshops and engaging activities, all expertly delivered by our talénted team aThJ guest artists, Jenna Sabine and Dawn Fidler. Page 4
The Isle of trkfght is home to breathtsknng landscap8S, 17ch history, and a vibrant community that continues to evolvg. Among its many initiatives, Stonecrabs, Out On An Is18ndproi8ct stands out as a b8a¢on of support and recognition for the LGB TQ+ community. 'Quilt8d Memories, was 8V8rything inspiring, moving and enriching - don't stopl". anonymous feedback on 'Out On An Island Quilted Memori8s' exhibition COLLABORATION WITH TEACHERS, SCHOOLS, PUPIL3 We collaborated with bvo Ioc41 teachers to develop the LGBT+ Heritage Map in a fomat suitable for dissèmination in schools. Thé current version of thé map was showcased at our LGBT History Month exhibition in Febnjary 2024. where we gath8red valuable feedback that infomi8d its redesign for subsequent exhibitions at Carisbrooke Castle Museum and IWPride 2024. Feedback from educators has been overwh8lmlngly positive. One teacher remarked.. 'The ptyrt has given 8 volce to Ihose who may otherSe hawe rnmain8d Vceless. What an achlevement you should both be rightlyproud." Jon Kirby, Head of Dover Park Primary School, shared his thoughts after Years 5 and 6 students visitsd our Quilted Memories exhibition.. 'You pitch8d tha subJ8Ct matter in a way that we felt was both age4ppropriate and eng8ng. I know It's not always easy to navlgate topcs whlch could be daem8d s8nSiti, butyou created an inclusive and educational environment that 811owed our children to leam and gmw. The childrnn c8m8 back wth 8 daéper undernt8nding and appreciation for diver&ty and equality, whlch Is a test8ment to your Ihoughilul approach.. WASA IT KINDN We have enlisted the 8xp8rts's8 of teachers within our volunteer team, who guided us in the creation of educational resources for both primary and sécondary schools. Throughout the project, we have produced significant 8xhibitions'. one at Monkton Arts during February 2024, and another at Carisbrooke Casle Museum from July to NOVemr 2024. These exhibitions Suc$S1u11Y engaged 26 tèachèrs, and eight sthools brought classes to explore the exhibits, particularly their EARA (Equality and Rights Advocate) groups. Page 5
COLLABORATION WITH HERITAGE SITES In collaboration with Carisbrooke Castle Museum, we inrtiated a pioneering project with Museum Consultsnt Margaret Middl8ton aimed at diversifying museum collections. This initiative has develop8d skills in LGBTQ+ awareness among muséum staff and volunle8rs. ultimately creating a welcoming environment for visitors. Furthermore. it encouraged curators, staff, and volunteèrs to examine collections through a queer lens. Those volunteers involved in this process reported feeling enrithed and valu8d by their 8XP8ri8nc8s, which inspired their involv8mènt in our Quilted Memon8s exhibition. We conducted thr88 s8ssions with Margaret Middleton in January 2024, which induded a listsning session, a collections assessment, and a final 'language training, session. These $8ssions have been highly successful, fostsring a sense of confidenrA within Carisbrooke Castle Museum as they fully embrace inclusion and diversity. During the final s8ssion, we extended an invitation to volunteers. curators. and trustees from other Island H8ritage Organizabons, with the aim of inspiring them to b8 more op8n about their connects'ons to LGBTQ+ history. This collaborative effort proved fruitful, leading to the discovery of additional LGBTQ+ historical asFects in other hentsge venues. including Brading Roman Villa. As a key outcome of this initiativè, Margaret Middleton produced a comprehensive Style Guide containing valuable recommendations and int8rpr8tstion resources. This guide has been instrumental in our efforts and can b8 downloaded here.. https'./ldriv8.google.comlfileld11GEXJYkgz4WguYo8M17d5nWl fPARQqZIv Carisbrooke Castle Museum has incorporated this guide into thair staff induction process, and we hav8 also made it available to other local heritage organizations, further promoting inclusivè practic85 across the community. OTHER ACTIVITIES JOE CARSTAIRS In the year endéd 31 March 2024 we further develo[d the script and stsrted preparations for our next production. Joe Carstairs headlinèd thè 96 Festival at Omnibus Theatre (London - June 20241 over a three week run, before transferring to Quay Arts Ilsle of Wlght- July 20241 for a three night run. STONECRABS PRESENT In the year ended 31 March 2024 wo fimied up plans to test a new idea. Stonecrabs Present aims lo contsnue showcasing groundbreaking, socially p8rtin8nt wort( to IOW audiences. We partnered up wrth Worklight Theatre company to present Labels at Quay Arts- May 2024. OTHER ACTIVITIES IN COLLABORATION Hear me Now in partnership with Brevity, an ACE funded project enabling aspiring LGBTQ+ writ8rs to develop skills working alongside professional writers. Culminating in théir hrk being published and pertormed by professional actors (May- July 2024). Summer Drama Sthool in parthership with Quay Art8 (Newport- 1818 of Wght). Free theatre training for young islanderyJ aged 8 to 15 which took place in July 2024. The trustees would like to thank all our partneryJ, supporters, funders, voluntsers, participants and 8udien¢es from the Isle of Wight and bèyond. The Trust88s Report wag approved and authoriséd for issue by the Board of Trustees and authoris8d for 18SU8d on 2910112025 And signed on rts behalf by MALCOLM MARSHALL (Jan 29. 2025 16..51 Gmn Malcolm Marshall - Chair of the Board Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONE CRABS PRODUCTIONS Independent examlnefs report to the trustees of Stone Crabs Productlons (Ihe Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responslbllltles and basls of report As the charty's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2006 ('the 2006 ACY). 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 charity'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 Chaiity Commission under Section 145(5) (b) of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 20C Act; or the accounts do not accord wth those records,. or 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 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. Gavin V¥hitter Gibson INhitter Chartered Accountants and Chartered Tax Advisers Larch House Parklands Business Park Denmead Hampshire P07 6XP t4 Page 7
STONE CRABS PRODUCTIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOMEAND ENDOWMENTS FROM Donations and legacies 2.037 2,037 1,336 Charitsble activltSes Theatre productions, Community Engagement and Training 15.571 55,726 71,297 63,447 Investment income 134 134 62 Total 17,742 55,726 73,468 64,845 EXPENDITURE ON Raising funds 1.289 Charltabla actlvltle8 Theatre productions, Community Engagement and Training 25,397 55,726 81,123 115,214 T¢)tal 25,397 55,726 81,123 116.503 NET INCOMEI(EXPENDITURE) (7,655) (7,655) (51,658) RECONCILIATION OF FUNDS Total funds brought forward 9.003 9,003 60,661 TOTAL FUNDS CARRIED FORWARD 1,348 1,348 9,003 The notes fomi part of these financial statements Page 8
STONE CRABS PRODUCTIONS BALANCE SHEET 31 MARCH 2024 31.3.24 31.3.23 Notes CURRENT ASSETS Debtors Cash at bank 11 9,725 9,957 4,618 9,825 19,682 14,443 CREDITORS Amounts falling due within one year 12 (18,334) (5,440) NET CURRENT ASSETS 1,348 9,003 TOTAL ASSETS LESS CURRENT LIABILITIES 1,348 9,003 NET ASSETS 1,348 9,003 FUNDS Unrestricted funds 15 1,348 9,003 TOTAL FUNDS 1,348 9,003 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The twstees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 20C and (b) preparing financial statements which give a true and fair vtew of the state of affairs of the charitable company as at the end of each financial year and of its sutplus or deficrt for each financial year in accordance with the requirements of Sections 394 and 395 and which other¥vise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitsble companies subject to the small companies regime. The financial statements were approved and authorised for issue by the Board of Trustees and aLrthorised for Issue on............................................. andwere sned on its behalfby.. 2910112025 NALCOLM MARSHALL (Jan 25. 2025 16'.51 GMTI Malcolm Marshall - Trustee The notes fomi part of these financial statements Page g
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparing the financlal statements The financial statements of the charitable company, which is a public benefit entty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)., Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Golng Concern The financial statements have been prepared on a going concem basis. The charitable company has already secured funding of around £135,000 for the year to 31 March 2025, including from the National Lottery Heritage Fund (for Out On An Island Pride is Self. Pride in Place), from The National Lottery Community Fund (for the next phase of Out On An Island Building Bridges) and from Arts Council England (for the production of Joe Carstairs). Other funding applications are progressing well. The charitable company operates with low fixed costs and overheads and can adapt the cost base in accordance with income. On thbs basis, the trustee directors consider it appropriate to prepare the financial statements on going concern basis. Income Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, receipt is probable and the amount can ba measured with sufficient reliability. Such income is only deferred when.. the donor specifies that the grant or donation must onty be used in future accounting periods., or the donor has imposed conditions which must be met before the charty has unconditional entitlement. Investrnent income is recognised on a receivable basi$. Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific condrtions is reco3nised as earned (as the related goods and seNices are provided). Grant income included in this category provides funding to support activities and is recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliabilty. Such income is only deferred when: the donor specffies that the grant or donation must only be used in future accounting periods; or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Voluntsers and donatsd 8ervlces The value of services provided by volunteers is not incorporated into these financial statements. Where goods or services are provided to the charity as a donation that vnuld nonnally be purchased from suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charty. Expendlture Expenditure is recognised when a liabilty is incurred. Contractual aangeMentS are recognised as goods or services are supplied. Raising funds expenditure are those costs incurred in attracting voluntary income. Charitable activities include expenditure associated with providing services to the charity's beneficiaries and include both the direct costs and support costs relating to those activities. Support costs, including governance costs and central functions have been allocated to activities on a basis o)nsistent with the use of reSoUs. Page 10 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - contlnued Expendlture Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not accrued as expenditure. Irrecoverable VAT All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it VRS incurred. Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objeds of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations 2,037 1,336 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 134 62 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activty Theatre productions, Community Engagement and Training Theatre productions, Community Engagement and Training Fees, commissions and cTrproJuctions 12,071 23,947 Grants 59,226 39.500 71,297 63,447 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Heritage Lottery Fund IOW Council The Great British Sasakawa Foundation The London School Trust 46,726 5,500 30,000 7,000 2,500 2,000 Carried forward 54,226 39.500 Page 11 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - continu•d FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES - continued 31.3.24 31.3.23 Brought foThvard Hampshire and Isle of Vght Communty Fund 54,226 5,000 39,500 59,226 39,500 RAISING FUNDS Raislng donatlons and legacles 31.3.24 31.3.23 Fundrdising training 1,289 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 7) Support costs (see note 8) Totals Theatre productions, Community Engagement and Training 74,512 6,611 81,123 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31.3.23 Production f$ and costs Subcontractors 38,792 35,720 74,694 36,164 74,512 110,858 SUPPORT COSTS Governance costs Management Totals Theatre productions, Communty Engagement and Training 4,794 1,817 6,611 Page 12 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS - contlnued Support costs. included in the above, are as follows.. Managemant 31.3.24 Theatre productions. Community Engagement and Training 31.3.23 Total activities Bank charges Insurance Subscriptions Computer expenses Legal and professional fees 82 975 622 499 408 1,159 1,930 1,643 4,794 2,566 Govemance costs 31.3.24 Theatre productions, Communty Engagement and Training 31.3.23 Total activities Examiners fe8 - Gibson yOr Examiners fee - F Lachmann Trustees expenses Trustee meeting expenses 1,512 1,440 350 262 43 1,817 1,790 TRUSTEES, REMUNERATION AND BENEFITS There were no truste8s' remuneration or other benefrts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trust088' expans•8 During the year three (31.3.23.' no) trustees vrfere reimbursed expenses by the charty for travelling expenses totalling £262 (31.3.23.' £nil). Page 13 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 550 1,336 Charitable activitles Theatre productions, Communty Engagement and Training 12,148 51,299 63,447 Investment income 62 62 Total 12,996 51,849 64,845 EXPENDITURE ON Raising funds 1,289 1,289 Charllablo aetlvlti Theatre productions, Communty Engagement and Training 45,999 69,215 115,214 Total 47,288 69,215 116,503 NET INCOMEI{EXPENDITURE} Transfers between fund8 (34,292) (17,366) (17,366) 17,366 (51,658) Net movement In fund8 (51,658) (51,658) RECONCILIATION OF FUNDS Totsl funds brought foThYard As previously reported Prior year adjustment 15,879 44,782 37,068 (37,068) 52,947 7,714 As regtat•d 60,661 60,661 TOTAL FUNDS CARRIED FORWARD 9,003 9,003 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors Prepayments 9,496 229 3,000 1,618 9,725 4,618 Page 14 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other loans (see note 13) Accruals and deferred income Accrued expenses 8,000 4,000 1,440 10,334 18,334 5,440 13. LOANS An analysis of the maturity of loans is given below: 31.3.24 31.3.23 Amounts falling due within one year on demand: Other loans 8,000 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Current assets Current liabilities 11,186 (9,838) 8,496 (8,496) 19,682 (18,334) 14,443 (5,440) 1,348 1,348 9,003 15. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund 9,003 (7,655) 1,348 TOTAL FUNDS 9,003 (7,655) 1,348 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Generdl fund 17,742 (25,397) (7,655) Restrfctsd funds Out on an Island 55,726 (55,726) TOTAL FUNDS 73,468 (81,123) (7,655) Page 15 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS - continued Comparatives for movement In funds Prior year adjustment Net movement in funds Transfers btheen funds At 1.4.22 31.3.23 Unrestrlcted funds Unrestricted Funds 15,879 44,782 (34,292) (17,366) 9,003 Restrlctsd funds Arts Council - DCMS funding Out on an Island Directors in Practice Showcase 37,068 (37,068) (11,936) 11,936 (5,430) 5,430 37,068 (37,068) (17,366) 17,366 TOTAL FUNDS 52,947 7,714 (51,658) 9,003 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Unrestricted Funds 12,996 (47.288) (34,292) Restrlcted funds Utter Mess Production Out on an Island Directors in Practice Showcase 32,500 4,000 15,349 (32,500) (15,936) {20,779) (11,936> (5,430) 51,849 (69,215) (17,366) TOTAL FUNDS 64,845 (116,503) {51,658) Out on an Island is a communty heriiage and oral history project exploring over 100 years of LGBTQ+ history on the Isle of Wight. The project includes the publication "Out on an Island ' winner of the Isle of Wight Bwk Awards 2023 Best Non-fiction and Bo)k of the Year and the current phase is "Out on an Island: Pride in Sew, Pride in Place" The main funder is the Heritage Lottery Fund. The Directors in Practice Showcase was a ek-lOng festival at the Omnibus Theatre, Clapham showcasing nine emerging theatre directors. This was the culmination a 6-month practical theatre training for emerging theatre directors and prc*Jucers. Utter Mess was a critically acclaimed intemational collaboration with Busu Theatre Tokyo that mixed theatre, live music, clowning and magic. It was perfomied in Tokyo, London and Isle of Wight. Page16 continued...
STONE CRABS PRODUCTIONS NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 16. RELATED PARTY DISCLOSURES During the year a Trustee made an interest free loan of £8,000 (2023: nil) to the charitable company to be repaid when the charity has the funds. 17. ULTIMATE CONTROLLING PARTY The charity is controlled by the trustees on behalf of the members. Page 17