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2021-03-31-accounts

Company number 4622154 Charity number 1116008

SICK! Productions Ltd

(Limited by Guarantee)

Report and Financial Statements for the year ended 31 March 2021

Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH

SICK! Productions Ltd

(Limited by Guarantee)

Contents

Page
Reference and Administrative Details 1
Trustees' Report 2 - 12
Independent Examiner's report 13
Statement of Financial Activities (including Income and Expenditure Account) 14 - 17
Balance Sheet 18
Notes to the Financial Statements 19 - 26

SICK! Productions Ltd

(Limited by Guarantee)

Reference and Administrative Details

Constitution

The charitable company is a private company limited by guarantee registered in EW - England and Wales, company number 4622154, incorporated under the Companies Act and its governing document is its Memorandum and Articles of Association. The company is a registered charity, number 1116008.

Directors and Trustees

The Directors of the Charitable Company ("the Charity") are its Trustees for the purpose of Charity law and throughout this report are collectively referred to as the Trustees.

As set out in the Articles of Association, at every AGM, one-third of the Trustees in office must retire. A Trustee who retires by rotation is eligible for reappointment if he/she is willing to continue to act as Trustee. The Trustees to retire by rotation are those who have been longest in office since their last appointment or re-appointment. Policies and procedures adopted for the induction and training of Trustees are ongoing and incorporated indirectly into the regular Trustees meetings.

The Trustees during the year and since the year end, were :

Rowena Burns resigned 14 May 2021
Paul Ferry (Interim Chair)
Jon Rouse resigned 1 May 2020
Elizabeth Treacy resigned 8 June 2020
Prof. Sandeep Ranote
Duncan Craig
Seren Hughes appointed 22 March 2021
Joseph Strickland appointed 22 March 2021
Alaknanda Ruia appointed 31 July 2021
John McLuckie appointed 30 July 2021

Chief executive / day to day management

Helen Medland - CEO/Artistic Director

Independent examiners

Breckman & Company Ltd, Chartered Certified Accountants, 49 South Molton Street, London W1K 5LH.

Bankers

The Co-operative Bank, P.O. Box 250, Delf House, Southway, Skelmersdale WN8 6WT.

Registered office and operation address

Unit 3, The Sharp Project, Thorp Road, Manchester M40 5BJ.

Name

SICK! Productions Ltd is also known as "SICK! Festival".

1

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The reference and administrative information on page 1 forms part of this report. The financial statements comply with 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 (FRS 102).

OBJECTIVES AND ACTIVITIES

PURPOSE AND AIMS

The principal activity of SICK! Productions is to foster and promote the improvement, development, maintenance and advancement of artistic knowledge, understanding and appreciation by providing resources, facilities and a creative space for the education of the public in the fields of visual and performing arts and film.

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

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

In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'

ACTIVITIES

The main activities of SICK! Productions are: a biennial international festival which takes place across Greater Manchester; an innovative cross-artform commissioning programme which brings artists together with local communities with lived experience, the health sector, community groups/charities and researchers; and a growing year round programme of neighbourhood engagement and projects in Manchester.

All charitable activities are undertaken to further SICK! Productions charitable purposes for the public benefit.

2

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

ACHIEVEMENTS AND PERFORMANCE

STRATEGIC PROGRAMMES AND PROJECTS

Over the last three years SICK! has undertaken considerable work to begin to grow year-round provision and strategic project delivery in Manchester and beyond. This work enables SICK! to develop new audiences outside the Festival periods; grow its presence and reach in the Manchester area (particularly in relation to cultural partners and local communities); the chance to grow brand awareness and new partnerships in GM; and take advantage of new opportunities. In addition, it provides financial input into central costs and enables us to sustain our core staff team.

MINDSCAPES

Our key strategic project for 2020-21 was Mindscapes, a 2-year programme of co-operation and co-production between cultural institutions in The Netherlands and Manchester, funded by DutchCulture and running to May 2021. Working with Manchester communities and Dutch artists and arts organisations spanning performance, visual arts and digital media, the project explored the impact that our environment has on our mental wellbeing.

The aims of the project were:

UK partners included Manchester City Council, Design Manchester, Urban Psyche, Brighter Sound, FutureEverything, Young Identity, TFGM and Manchester Metropolitan University. Dutch Partners included Theater Zuidplein, Kunstinstituut Melly and Theater DEGASTEN.

Additional support was provided by Swiis Foster Care, TiPP, Cheetham Hill Welcome Centre, Yes Manchester, Buzz Manchester, No 93 Community Centre, the Men's Room, and Greater Manchester Mental Health Partnership.

The project delivered 5 new commissions developed by Dutch artists working in neighbourhoods and with communities in Manchester.

Interdisciplinary artist and performance-maker Merel Smitt developed a participatory gaming portal to explore how unemployment, job centres and the benefits system affect the mental health of the individuals involved.

3

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

Two Dutch performance poets worked with Manchester-based poetry collective Young Identity and migrant communities in North Manchester, to create a collection of powerful new poems. Using stencils, the poems were then blast-cleaned into the streets of Moston & Harpurhey & Piccadilly Gardens in Central Manchester.

Yonatan Collier:

Sound Artist and composer Yonatan Collier worked with artists and musicians from North Manchester to create a soundscape, reflecting and shaping people's emotional experiences of Moston and Harpurhey. The composition is accessed through a mobile app whilst walking or jogging in these neighbourhoods. This project was produced by Brighter Sound.

Mindscapes includes:

SMASH: Mental Health Arts Programme

Due to COVID, the planned Mental Health Arts Programme to be delivered in partnership with the Greater Manchester Student Mental Health Service did not go ahead. However, the planning, the research and the work done work to ensure the project would comply with NHS supplier requirements contributed to the re-development and implementation of the project in Moston & Harpurhey. We were successful in securing funding and excellent referral partnerships for this project, with workshops beginning in July 2021.

4OFUS

In response to the Covid pandemic, we delivered a new digital programme: 4 weekly episodes of 30 minutes, created using Zoom and disseminated through our websites and other social media platforms. Co-hosted by Lucy Burke and Andy Wilkinson, each episode included four guests drawn from a pool of contributors affected by the pandemic, discussing subjects such as disability, faith & support, mental health and health care.

Key audience facts and figures for 2020-21:

INTERNATIONAL COMMISSIONING PROGRAMME

During 20-21 we also researched and developed proposals with new and former partners for the possibility of new commissions for the 2022 Festival. These include:

4

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

DICE: Inherited Resilience:

We were successful in securing British Council funding for a 4-month R & D project in partnership with Western Cape-based KKNK Festival. The online project brings together two cohorts of black and dual-heritage young women writers from Moston & Harpurhey and Oudtshoorn (Western Cape) to explore issues that are important to them and their communities and develop shared solutions and future projects. The online sessions were led and facilitated by black-led organisations, Manchester-based Young Identity and SA based Empatheatre, with the resulting work to be presented in August 2021.

Funded by the Finnish Institute, Mindgames is a new project that explores mental health through game design. Working together with professional game designers, a group of five young men from North Manchester and five young men from Finland will learn new skills and create a prototype game that reflects the Mental Health experiences of the group. Through a series of online workshops, participants will learn about visual design, creating stories, music and sound design, coding and all the other skills required to make a game from scratch.

Funded by Pro Helvetia and developed with WildWuchs (Switzerland), Old Devils is an international collaboration around the themes of women, ageing, radicalism and the menopause.

Further international collaborative partnerships and opportunities were explored with partners in Denmark, Norway, South Africa and Kenya.

OTHER COMMISSIONING

New commissioning programmes were developed this year, to be released in 2021-22

Micro Commissions:

We will offer two flexible bursaries from a total of £6,000, designed to support early career artists in Greater Manchester working in performance, music, visual art, film, digital and interdisciplinary practices. We will support artists whose work is rooted in the experiences and concerns of the communities.

NEIGHBOURHOOD ENGAGEMENT

After an extensive period of research and partnership development, in 2020 we committed to working in Moston and Harpurhey for the next 10 years. This decision was made in recognition of the social, economic and health challenges faced in these diverse communities and the limited funding and cultural infrastructure that are accessible to people living there. It also recognises that some cultural, social and health resources do exist in the area, that would benefit greatly from greater support and investment.

We have committed to working in both those areas for a 10-year period in order to demonstrate genuine commitment, build trust, deliver our ambitions plans and to understand better what kind of social impact is feasible for an organisation of our scale and level of resources. In 2020 we secured five-year funding to support this activity.

5

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

A Moston & Harpurhey Ambassador's group was initiated, including representatives of community organisations, healthcare services, charities, social and cultural groups, local businesses and people who live in these neighbourhoods. The first meeting was held in September 2020 and have been held quarterly. The group provides an opportunity for us to present our work and our plans for Moston & Harpurhey to the group and to gather feedback about these plans, and to explore the most important social issues faced by the community.

Community engagement activity this year included workshops and participation sessions aimed at connecting community members with Dutch artists to support the development of commissions for MINDSCAPES. Young Identity supported a series of workshops with young women writers in Moston & Harpurhey to develop the Inherited Resilience project, to be presented in August 2021.

Community partner engagement was undertaken, connecting with local service providers to support presentation and delivery of the North Manchester SMASH social prescribing project, including Crisis Café team, No. 93 Wellbeing Centre, Community Inclusion, Resettlement and Linkworker Services, Manchester Psychological Therapies (North), Be Well and Healthy Me Healthy Communities.

FINANCIAL REVIEW

Historically, SICK! Festival's biennial model has seen restricted and unrestricted grant funding secured for a festival in the previous financial year, with expenditure against these restricted funds taking place in the following financial year. This business model has resulted in significant restricted and designated fund balances carried forward in non-festival financial years, and net expenditure in financial years where festivals take place. These fluctuations have been partly mitigated through the growth in year round activity (such as MINDSCAPES), meaning that extensive restricted funds have been rolled forward this year. Unrestricted funds of £45,071 were brought forward at the start of the 2020/21 financial year to fund core delivery, and restricted funds of £114,798 were brought forward to fund the delivery of MINDSCAPES.

INCOME

SICK! received £254,091 (reflecting an inflationary increase of 1.84%) over the reporting period from Arts Council England NPO funding. Other funds were secured from a number of charitable foundations from within the UK, as well as cultural funders from the EU. Our thanks go to all our funders in 2020-21:

Total income for the year was £432,994, of which £101,524 was restricted, and £331,470 was unrestricted.

6

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

COVID-19

The Covid crisis had an immediate effect on the start of the financial year, resulting in several delayed remittances. Subject to successful application, ACE will be extending their current funding agreement until the end of the 2022-23 financial year, providing vital stability to the organisation. Earned income from rentals from Jubilee Square was also affected due to Covid restrictions and the closure of the Square for most of the year, therefore the income target was reduced from £40k to £10k. However, we were able to access support from Manchester City Council in the form of a Small Business Relief Grant. To counter fundraising challenges during this time, we were also able to secure Business Rates Relief, Discretionary Additional Restrictions Grants and a Covid Recovery Grant from Manchester City Council as well as support from the HMRC Job Retention Scheme.

EXPENDITURE

Expenditure came in generally within budget, with the final out-turn of spending for the period of £323,810 of which £87,272 was restricted and £236,538 was unrestricted.

YEAR-END POSITION

The charity finished the 2020/21 financial year with net income of £109,184. Funds carried forward to 2021/22 total £269,053 of which £129,050 is restricted and £140,003 is unrestricted.This was due to:

FINANCIAL COMMITMENTS

We formally relinquished the lease for Enterprise House, Manchester Science Park with effect from 6th April 2021. On 30th September 2021 we will formally relinquish our management agreement with Jubilee Square, Brighton.

RISK MANAGEMENT

The organisation has a risk management strategy which is reviewed on a regular basis, with risk management being a regular agenda item at quarterly board meetings. Board meetings also serve to establish systems and procedures to mitigate those risks and implement procedures designed to minimise any potential impact on the charity should those risks materialise. Trustees recognise that the charity operates in an area where reputation and financial risk is inherent, and place artistic ambition at the heart of risk assessment. Consideration is given to the charity's appetite for such risks and the balance of financial and artistic risk.

PRINCIPAL RISKS AND UNCERTAINTIES

The main risks and uncertainties faced by the charity in the current period are identified as (1) a shortfall in funding to deliver the artistic programme and other charitable activities; (2) The long-term impact of the Covid crisis on our partnerships and delivery and (3) challenges regarding audience development relating in particular to our shift of focus towards presenting the majority of the festival in Moston & Harpurhey, areas with historically low engagement with the arts. Our risk management processes identified the need to move the Festival date from Autumn 2021 to May 2022, providing additional time for fundraising, arranging visa sponsorship status and ensure that the festival does not clash with other major events. Other risks were identified, including the future financial position of external partners, safeguarding risks, the impact of Brexit on future international activity and the failure to comply with all statutory requirements.

7

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

RESERVES POLICY AND GOING CONCERN

The reserves policy of SICK! Productions Ltd is to hold a minimum of three months' base operating costs in cash at the bank, currently calculated to be £70k in the 2021-22 budget This is deemed sufficient to meet all liabilities in the event of SICK! Productions Ltd ceasing to operate as a going concern. Trustees have ensured that plans are in place for the charity to build reserves this level over the course of the next three years, while recognising that Covid will present a challenge in achieving this. (current unrestricted reserves is £140,003 which incorporates £70,000 reserves plus the remaining £70,003 which is allocated towards festival delivery).

PLANS FOR THE FUTURE

SICK! Productions produced a new business plan for 2020-2023 which was signed off by the Board in February 2020. The plan identified 6 key strategic priorities for the business:

In October 2021, SICK! will start the process of applying for further funding from Arts Council England for the next NPO round commencing in 2023-2026. The programme that we submit will take particular account of the priorities set out in Arts Council England's Let's Create strategy, which are closely aligned to our own strategic priorities. Development of our NPO application will incorporate a new business plan, programme for 2023-2024, outline programme for 2024-2025 and forward budgets for 2023-26, as well as identifying strategic objectives. The application will reflect Arts Council England's principles of:

This work will be supported by an increased level of engagement and input from our Trustees.

FESTIVAL

We will present festivals in May 2022 and in 2024. These will demonstrate a significant re-imagining of the form that the festival takes. The festival programme will continue to focus on themes related to physical and mental wellbeing and their social determinants. It will continue to present innovative, high-quality work by local, national and international artists in a high-profile, cross-art form programme. The festivals in 2022 and 2024 will move away from primarily presenting within established cultural venues towards more presentation in the public realm, focussing in particular on presenting within the neighbourhoods of Moston and Harpurhey. Some presentation within cultural venues will still occur. The festival programme will Collaboration with non-arts partners from healthcare, the charities sector and academia will remain fundamental to the delivery of the programme. We anticipate that public realm installations will be presented throughout May 2022 with a week-long programme of performances and other events occurring within this period. Whilst some opportunities for conversation and discussion will remain within the festival programme, the 'debate / symposium' activity that previously took place within the festival period has been shifted to Autumn 2021.

8

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

We will present a highly diverse programme in 2022 with 50% of presented artists representing protected characteristics or lower socio-economic backgrounds. The programme has been developed with, and designed to engage the diverse communities of Moston & Harpurhey, taking into account the demographics and cultural habits of people living in these areas.

Additionally, the long-term vision of the festival's growth, development and plans for international showcasing and commissioning will be defined and developed during this year.

COMMISSIONING PROGRAMME

Over the next period we will deliver newly commissioned projects in three areas:

SICK! Export:

Every two years we will commission ambitious projects by artists of international calibre and profile with significant potential for national and international touring, extending the reach and recognition of our work. We will commission deliver three new projects for presentation in SICK! 2022 with a potential for at least two national/international touring opportunities following presentation at the Festival.

Moston and Harpurhey Commissions:

Each 2-year cycle we will produce two commissions responding to contexts/experiences of communities in Moston & Harpurhey. This year we will aim to deliver Mindgames and Boys N Cars: a programme of creative workshops and public installations with young men from Moston & Harpurhey and Finland developing a prototype computer game and an 2-3 vinyl wrapped cars which will provide a community transport service for 6 months following presentation at SICK! 2022.

Micro Commissions:

We will offer 1-3 bursaries from a budget of £6000, designed to support early career artists in Greater Manchester and the North West working in performance, music, visual art, film, digital and interdisciplinary practices. We will support artists whose work is rooted in the experiences and concerns of the communities with creative and professional guidance.

NEIGHBOURHOOD ENGAGEMENT

We aim to increase our presence in Moston and Harpurhey, by creating an office base in the local community and expanding our Ambassador's Group programme to 20 people living/working in Moston and Harpurhey. Providing long-term advice, guidance and advocacy for the programme, the group includes community representatives, healthcare services, charities, social and cultural groups and local businesses.

We will continue to develop and deliver participatory commissions and social prescribing projects reflecting the key issues that the ambassadors have identified as being challenges for the area:

As part of this, SICK! will develop partnerships with local health, community and cultural partners to deliver projects responding to these challenges.

9

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

Our SICK! Digital programme will continue to deliver podcasts and videos, developed with communities in Moston and Harpurhey, reflecting health and wellbeing experiences of local people. Our website will be updated to include information on the projects that we present, as well as providing a platform for people to engage with information about the area.

SMASH

We will continue to deliver the North Manchester SMASH programme, incorporating over 40 creative activities for over 50 participants. An exhibition of photos taken by the first cohort will be presented in October 2021.

DICE: INHERITED RESILIENCE

We will continue to support online workshops bringing together cohorts of black and dual-heritage young women writers from Moston & Harpurhey and Oudtshoorn (Western Cape) to explore issues that are important to them and their communities and develop shared solutions and future projects. The online sessions will be led and facilitated by black-led organisations, Manchester-based Young Identity and SA based Empatheatre, with the resulting film and Zine to be presented in August 2021.

STRATEGIC AND YEAR-ROUND PROJECTS

Our key strategic projects for 2021-22 will be the delivery and culmination of the Mindscapes project in April-May 2021, delivery of SMASH, delivery of DICE Inherited Resilience. Additionally, programming and preparation for Festival 2022 will be a key priority. Furthermore, plans will be developed for increasing higher education, community and NHS partnerships.

SICK! DIGITAL

Our SICK Digital plans became more of a priority as the Covid crisis hit in March 2020 with 4OfUs and MINDSCAPES being created and presented entirely or substantially online. In the next three years we intend to deliver a step change in SICK! Digital, embedding it as an integral part of all of our programmes, including commissioning and community programmes. Key priorities for 2020-21 are:

AUDIENCE DEVELOPMENT

Growing diverse audiences for our activities has been identified as a key strategic opportunity for the next three years. Over the next year we will:

10

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

BUSINESS DEVELOPMENT

We will increase our work around fundraising and business development by securing further funding for Festival 2022, enabled by a mix of community project bids, large scale trust and foundation bids, and the production and implementation of an individual and corporate giving plan. This will be supported by development of advocacy and partnership relationships. Additionally, work will take place on producing an international development plan, exploring further partnerships, consultancy and export models.

STRUCTURE, GOVERNANCE AND MANAGEMENT

SICK! Productions Ltd is a Charitable Company Limited by Guarantee, incorporated on 16th December 2002 and registered as a charity on 4 September 2006. The Company was established under a Memorandum of Association, which established the objects and powers of the Company and is governed by its Articles of Association. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 4 to the accounts.

RECRUITMENT AND APPOINTMENT OF TRUSTEES

The Directors of the Company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, a third of the trustees retire by rotation every year and may then seek re-appointment by members at the Company's Annual General Meeting. All the trustees are also members of the Company. There are no other members. The members of the Company are keen to ensure that the needs of its beneficiaries are appropriately reflected through the diversity of the Trustee body. To enhance the potential pool of trustees, the charity has sought to identify key members with specialist experience and Board recruitment is discussed regularly at Board meeting.

Trustees receive an induction pack on joining the organisation, providing:

ORGANISATIONAL STRUCTURE

The Company is governed by a board of trustees, who are also the sole members of the Company.

11

SICK! Productions Ltd

(Limited by Guarantee)

Trustees' Report

At present, the board has seven members with a variety of experience relevant to the work of the charity, with an aim to increase this number to ten Trustees at the end of the 2021-22 financial year. Sub-groups and Board champions will also be identified and implemented within this financial year. Trustees regularly review the progress of the charity and its funding, as well as reviewing the risks, controls and financial management of the charity. Trustees are responsible for approving the strategy for SICK! Productions and ensuring both the public benefit delivered through its outcomes and impact and the sustainability of the charity. The trustees are responsible for the appointment of the Chief Executive/Artistic Director.

MANAGEMENT

A system of delegation is in place and day-to-day responsibility for the provision of the services rests on the Senior Management Team: CEO/Artistic Director, Executive Director and Creative Director, with the CEO/Artistic Director having overall responsibility for ensuring the charity delivers its objectives. This Senior Team is supported by an Operations Manager and Creative Producer. An additional Marketing and Communications Officer, as well as two Kickstart roles supporting digital communications and festival production will be recruited in 2021.

SMALL COMPANY EXEMPTIONS

This report is prepared in accordance with the provisions of the Companies Act 2006 relating to small Companies.

This report was approved by the Board of Trustees on 22 December 2021 and signed on its behalf by

Paul Ferry

Paul Ferry (Dec 22, 2021 13:04 GMT)

Paul Ferry (Interim Chair) Trustee

12

Independent Examiner's Report to the Trustees of SICK! Productions Ltd

I report on the accounts of the Company for the year ended 31 March 2021, which are set out on pages 14 to 26.

Respective responsibilities of trustees and examiner

The Trustees (who are also the Directors of the Company for the purposes of Company law) are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.

Having satisfied myself that the Charity is not subject to an audit under Company law and is eligible for independent examination, it is my responsibility to:

ꞏ examine the accounts under section 145 of the 2011 Act;

ꞏ follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and

ꞏ state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

ꞏ to keep accounting records in accordance with section 386 of the Companies Act 2006; and

ꞏ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Richard Nelson FCCA Breckman & Company Ltd Chartered Certified Accountants

49 South Molton Street London W1K 5LH

22 December 2021

13

SICK! Productions Ltd

(Limited by Guarantee)

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2021

Unrestricted
Restricted
funds
funds
Notes
£
£
Income and endowments from:
2
Donations and legacies - page 15
313,327
-
Charitable activities
Festival and hire income - page 15
18,143
101,524
Total
331,470
101,524
Expenditure on:
Raising funds:
Fundraising
11,250
-
Charitable activities:
Festival - page 16
225,288
87,272
Total
236,538
87,272
Net income / (expenditure)
3
94,932
14,252
Reconciliation of funds:
Total funds brought forward
45,071
114,798
Total funds carried forward
12, 13
140,003
129,050		 2021
Unrestricted
Restricted
Total
funds
funds
£
£
£
313,327
295,910
-
119,667
49,944
153,519
432,994
345,854
153,519
11,250
8,949
-
312,560
444,213
92,962
323,810
453,162
92,962
109,184
)
(107,308
60,557
159,869
152,379
54,241
269,053
45,071
114,798		 2020
Total
£
295,910
203,463
499,373
8,949
537,175
546,124
)
(46,751
206,620
159,869

The notes on pages 19 to 26 form an integral part of these financial statements.

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

14

SICK! Productions Ltd

(Limited by Guarantee)

Year ended 31 March 2021

Income from donations and legacies
Grants
Arts Council England, NPO
HMRC JRS funding
MCC Business Rates relief
Trafford CCG
Manchester City Council
Manchester Metropolitian University
Dutch Performing Arts
Donations
Private donations
Donations in kind
Income from charitable activities
Festival and hire income
Hire income - Jubliee Square
Box office income
Partner contributions
Other income
Project specific funding
Grants/Donations
Dutch Culture
Oglesby Charitable Trust
British Council Canada
Manchester City Council
Attenborough Centre
Unlimited/Artsadmin - partner contribution
Wildwuchs Festival
Finnish Insititute		 2021
£
18,047
-
-
96
25,323
25,000
7,750
-
-
-
28,451
15,000		 £
254,091
18,707
11,954
9,750
9,050
-
-
303,552
-
9,775
313,327
18,143
101,524
119,667		 2020
£
29,450
2,754
17,740
-
148,019
-
-
1,000
1,000
3,500
-
-		 £
249,500
-
-
-
-
5,300
4,881
259,681
3,020
33,209
295,910
49,944
153,519
203,463

15

SICK! Productions Ltd

(Limited by Guarantee)

Year ended 31 March 2021

Expenditure on charitable activities
Festival
Production/running costs
Production costs
Venue hire - in kind
Technical support - in kind
FOH - in kind
Speaker fee - in kind
Wages/salaries
Pension
Artists
Marketing/website
Marketing - in kind
Support and governance costs - page 17
Unrestricted
Restricted		 2021
£
36,217
-
-
-
-
195,048
10,870
17,764
11,606
632
272,137
40,423
312,560
225,288
87,272
312,560		 2020
£
52,082
11,450
6,540
1,796
3,300
204,875
11,412
143,875
44,202
5,880
485,412
51,763
537,175
444,213
92,962
537,175

16

SICK! Productions Ltd

(Limited by Guarantee)

Year ended 31 March 2021

Support and governance costs
Support costs
Office overheads
Rent
Premises costs
Telephone/stationery/computer
Depreciation of computer equipment
Administration costs
Staff welfare
Travel/accommodation/subsistence
Sundries/tickets
Core costs - in kind
Professional/financial - Jubilee Square
Consultancy fees
Discounts allowed
Governance costs
Professional/financial
Legal/accountancy/consultancy
Professional consultancy/training
Subscriptions/licences
Professional consultation/training - in kind		 2021
£
22,230
3,621
2,285
-
3,551
43
1,040
-
3,861
500
2,163
-
1,129
-		 £
28,136
4,634
4,361
37,131
3,292
40,423		 2020
£
14,117
4,630
4,562
768
652
8,932
400
3,443
5,180
3,950
1,763
1,398
1,168
800		 £
24,077
13,427
9,130
46,634
5,129
51,763

17

SICK! Productions Ltd

(Limited by Guarantee)

Balance Sheet 31 March 2021

Notes
Current assets:
Debtors
9
Cash at bank and in hand
Liabilities:
Creditors: amounts falling
due within one year
10
Net current assets
Total assets less current
liabilities
The funds of the charity:
Unrestricted funds
12
Restricted funds
13
Total charity funds		 2021
£
19,183
258,202
277,385
)
(8,332		 £
269,053
269,053
140,003
129,050
269,053		 2020
£
15,132
156,312
171,444
)
(11,575		 £
159,869
159,869
45,071
114,798
159,869

For the year ending 31 March 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small Companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees on 22 December 2021 and signed on its behalf by

Paul Ferry

Paul Ferry (Dec 22, 2021 13:04 GMT)

Paul Ferry (Interim Chair) Trustee

The notes on pages 19 to 26 form an integral part of these financial statements.

18

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

1. Accounting policies

1.1. Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (issued October 2019) 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) - (Charities SORP (FRS 102)) and the Companies Act 2006.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

1.2. Debtors

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

1.3. Cash at bank and in hand

Cash at bank and 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.

1.4. 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.

1.5. Fund accounting

Funds held by the Charity are either:

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

19

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

1.6. Incoming resources

All incoming resources are included in the Statement of Financial Activities when:

Donations and legacies

Grants/donations are recognised in incoming resources in the year in which they are receivable, except as follows:

Charitable activities

SICK! Festival income - income from box office, performance fees and sundry other festival income is included in incoming resources in the period in which the relevant show takes place.

Hire income - income from Jubilee Square is included in incoming resources when receivable.

Project specific funding - when donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.

Donated services and facilities

Donated services or 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. On receipt, donated services and 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.

Investment income

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.

20

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

1.7. Expenditure

All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:

Costs of raising funds

Costs incurred in attracting donations, and those incurred in trading activities that raise funds.

Charitable activities

Festival costs - costs incurred in production and running of festivals in the year.

Support costs

The administrative and overhead costs associated with running the office from which the Company operates as well as governance costs. Support costs are wholly attributable to theatre production costs.

Governance costs

Costs associated with the constitutional and statutory requirements of the Charity.

1.8. Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised as expenditure when due.

1.9. Significant Accounting Estimates and Judgements

In determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually. Further information about key assumptions concerning the future, and other key sources of estimation of uncertainty, are set out in the notes.

2. Incoming resources

The total incoming resources for the year have been derived from the principal activity undertaken wholly in the UK.

3. Net income/(expenditure) for the year is 2021 2020
stated after charging: £ £
Depreciation/(revaluation) of tangible fixed assets - 768
Independent examiners fees:
- Independent examination 1,750 1,750

21

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

4. Trustees' emoluments and reimbursed expenses

The Trustees received no remuneration during the year (2020 - £nil).

The aggregated amount reimbursed to Trustees during the year was £nil (2020 - £513).

5.

Staff costs and numbers
Staff costs
Salaries and wages
Pension costs		 2021
£
206,298
10,870
217,168		 2020
£
204,875
11,412
216,287

No employee earned £60,000 or more during the year (2020 - nil).

The key management personnel of the charity comprise the Trustees and the Senior Management Team. The total employee benefits of the key management personnel of the charity were £54,232 (2020 - £52,898).

Staff numbers

The average numbers of employees (including casual and part time staff) during the year was made up as follows:


Festival/programme
Administration		 2021
Number

3
2
5		 2020
Number
3
2
5

6. Pension costs

The company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £10,870 (2020 - £11,412).

22

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

7. Fixed assets - tangible assets

Fixtures/
Computer
fittings
equipment
£
£
Cost
1 April 2020 /
31 March 2021
4,500
14,370
Depreciation
1 April 2020 /
31 March 2021
4,500
14,370
Net book values
31 March 2021
-
-
31 March 2020
-
-		 Total
£
18,870
18,870
-
-

23

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

8. Corporation taxation

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 and section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its Charitable objects.

9.
Debtors
Trade debtors
Other debtors
10.
Creditors: amounts falling due
within one year
Accruals		 2021
£
13,010
6,173
19,183
2021
£
8,332		 2020
£
3,310
11,822
15,132
2020
£
11,575

11. Limited by guarantee

The private limited company is registered in EW - England & Wales, is limited by guarantee, and does not have a share capital. Each Member gives a guarantee to contribute a sum, not exceeding £1, to the Company should it be wound up. At 31 March 2021 there were 6 Members.

12. Unrestricted funds Brought Incoming Outgoing Carried
forward resources resources forward
£ £ £ £
General fund 45,071 331,470 )
(236,538		 140,003

24

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

13. Restricted funds Brought Incoming Outgoing Carried
forward resources resources forward
£ £ £ £
Wildwuchs x 2 - 28,451 )
(2,800		 25,651
Finnish Institute - 15,000 - 15,000
Dutch Culture 114,798 25,323 )
(79,071		 61,050
Oglesby Charitable Trust - 25,000 )
(5,401		 19,599
British Council - 7,750 - 7,750
114,798 101,524 )
(87,272		 129,050

Wildwuchs x 2

Funding for the 2022 Commission.

Finnish Institute

Funding towards Graphic Encounters Commission.

Dutch Culture

Funding for Mindscapes Project.

Oglesby Charitable Trust

Funding for Commissions and Community programme.

British Council

Funding for the DICE programme.

14. Analysis of net assets between funds

General
Restricted
funds
funds
£
£
Fund balances at 31 March 2021
are represented by:
Net current assets
140,003
129,050
140,003
129,050		 Total
£
269,053
269,053

25

SICK! Productions Ltd

(Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2021

15. Financial commitments

At 31 March 2021 the company had total future commitments under non-cancellable operating leases as follows:

as follows:
2021 2020
£ £
Due:
Within one year - 12,325

16. Related party transactions

There were no related party transactions requiring disclosure.

26