**Registered number: 05154096 Charity number: 1116506**
## **FACE FRONT INCLUSIVE THEATRE LTD**
# **(A Company Limited by Guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Chairman's Statement**|2|
|**Trustees' Report**|3 - 6|
|**Independent Examiner's Report**|7 - 8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10 - 11|
|**Statement of Cash Flows**|12|
|**Notes to the Financial Statements**|13 - 28|
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022**
## **Trustees**
Catrin Menna Thomas Jacquelyn Shreeves-Lee Christine King Andrew Bradford (resigned 16 March 2022) Meseret Zekai Roger Cowe Ayo Oyebade Sean Langford Mary Fernandes Shamima Lutfee Gazi Suzannah Talia Yiannni (appointed 17 May 2022)
## **Company registered number**
05154096
## **Charity registered number**
1116506
## **Registered office**
52 Market Square Edmonton Green Shopping Centre London N9 0TZ
## **Company secretary**
Raymond Downing
## **Accountants**
BKL Audit LLP Chartered Accountants 35 Ballards Lane London N3 1XW
## **Bankers**
HSBC plc 10 South Mall Edmonton London N9 0QU
Page 1
## **FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
## **CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2022**
The year began with covid requirements continuing to restrict live activities but Face Front continued to adapt and emerged as strong as ever thanks to the dedication and initiative of our small, hard-working team. Restrictions on live performance led us to create film versions of our shows, helped by construction of our ‘green screen’, which is also available for hire by Arts and other organisations.
Through these films we have been able to reach a much wider audience. Whisper Me Digital, our show about domestic violence, has been seen by almost 9000 students in approximately 100 schools across 18 boroughs.
The Face Front Fest went ahead in summer as an online event with contributions from all our groups, including songs from the Broken Silence album and a soap opera by DDM, our performing arts group for young people. We completed the album and film of the Equilibrium show, which had a successful premiere at the Lee Valley Odeon in summer 2022.
We were able to get back to live activities again in autumn 2021 although some group members continued to participate online. It’s My Move, our show for learning disabled young people about the transition from school to adult life, toured across London as well as several towns around the country. There were 27 performances to more than 1200 pupils as well as several workshops.
The year also saw further R&D continued the creation of our new show The Hero Next Door, which will be touring the country in 2023. Our corporate training helping managers support staff experiencing emotional difficulties also continued.
A major task during the year was preparing to apply to the Arts Council for National Portfolio (NPO) status, which will allow us to continue reaching wider audiences and increasing opportunities for disabled performers. This included developing a three-year business plan setting out the financial implications of our ambitions for the near future. We also created a ‘Green Team’ to strengthen our commitment to environmental responsibility. The board also took part in anti-racist training to help us ensure we continue to enjoy good relations with the diverse communities we serve.
At the annual meeting in November 2021 we were sad to lose the membership of Andrew Bradford, a longstanding supporter and my predecessor as Chair. We subsequently co-opted Susannah Yianni who will bring Face Front valuable knowledge and experience.
The accounts show an unusually large surplus for the year which we do not expect to be repeated. This is due mainly to a change in the application of accounting rules which requires substantial grant income to be included in the year although the bulk of activities the grants are funding will take place in subsequent years. Our policy continues to target a small surplus each year, which we plan to return to in 2022/3. While we will not repeat this year’s exceptional result I am confident we are well-placed to continue meeting the needs of audiences and community members despite the difficult economic conditions facing our communities and schools.
Roger Cowe Chairman Date:
Page 2
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022**
The Trustees present their annual report together with the financial statements of the charity for the year 1 April 2021 to 31 March 2022. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) as amended by Update Bulletin 1 (effective January 2015).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The principal objectives of the company are to advance the education of the public in the arts, in particular the arts of theatre, drama, poetry, singing, dance, movement and music, in particular but not exclusively among young people and people with disabilities.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Principal activites**
Our activities continue to be the development and delivery of original, inclusive theatre with disabled and nondisabled artists, especially in schools and the community. During the covid pandemic restrictions we developed online, radio and film versions of our touring productions.
We have strengthened partnerships with similar arts organisations during the year, pursuing our vision of leading in innovative inclusive theatre and creating more opportunities to inspire young people.
To achieve our goals we need support from a range of external funders and we have continued to expand the sources of funds during the year.
During the year we reached almost 9,000 students and staff and involved 150 people in our local groups. This is only possible due to the commitment of our staff, volunteers, freelancers and trustees and the support of our funders.
## **c. Volunteers**
Face Front operates with a number of volunteers in addition to the trustees. They are particularly important for the activities of our community groups.
Page 3
**FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
**TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Achievements and performance**
## **a. Review of activities**
Face Front continued to operate eight community groups and produce tours to primary, secondary and special schools. During the year we conducted research and development for a new production: The Hero Next Door which will tour in 2023. Covid required significant adaptation and innovation which included creating a digital version of our domestic abuse show Whisper Me Happy Ever After.
## **b. Factors relevant to achieve objectives**
We are reliant on the ability to continue attracting financial support from a range of funders including Arts Council England. The commitment of staff and volunteers is crucial to our success.
## **c. Fundraising activities and income generation**
Face Front sustains continual fundraising activity, focusing on a widening range of Foundations, Trusts and other grant-making bodies and has continued to be successful in attracting funding for our groups and school tours. This income source is supplemented by fees payable by schools and group participants. We seek to diversify income sources by developing drama-based workshops for private sector organisations.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The charity’s reserves policy is to maintain liquid funds equal to at least six months’ core costs, which are primarily salaries and premises costs. This level of reserves has been exceeded throughout the year.
## **c. Financial performance**
Our finances were boosted by several exceptional receipts, including a one-off covid-related grant from Enfield council, as well as substantially increased activity following easing of covid restrictions. The exceptional surplus also reflects a change in the application of accounting rules which includes substantial grant income to be included in the year although the bulk of activities the grants are funding will take place in subsequent years.
Our main income comes from grants and donations, amounting to £571,134 in the year, two and a half times the previous year (2021: £221,671), which was a more typical income level. Ticket sales and charges were £25,503 (2021: £10,968). Total income reached £602,077 (2021: £233,764).
Expenditure for the year was £446,236 (2021: £205,538), resulting in a current surplus of £155,841 (2021: £28,226).
Page 4
## **FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **d. Principal risks and uncertainties**
Face Front carries out a risk management review led by the Trustees to identify and act on risks to our continued operations. This has identified the loss of key staff and fundraising failures as the most substantial risks.
## **e. Trustees' Indemnities**
Trustees are protected by Directors’, Trustees’ and Officers’ Liability.
## **Structure, governance and management**
## **a. Constitution**
Face Front Inclusive Theatre Ltd is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. It has no share capital.
## **b. Methods of appointment or election of Trustees**
Recruitment of trustees is by recommendation from board members, creative team members or participants and then, following a probation period of four months, a mutual decision is made on appointment.
## **c. Organisational structure and decision-making policies**
The trustees meet approximately six times a year and are responsible for management of the company. The artistic director and associate directors also attend the trustees meetings in a non-voting capacity.
## **d. Policies adopted for the induction and training of Trustees**
New trustees attend an induction from one of the creative team including a one to one talk about the charity. They also receive a copy of the Charity Commission publication CC3 'The Essential Trustee: What you need to know'.
## **e. Risk management**
During the year the Trustees reviewed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 5
**FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
## **Plans for future periods**
Face Front will continue to extend our reach and profile both regionally and nationally with a cultural education program improving emotional wellbeing for socially disadvantaged young people and adults. This will be supported by an energetic fundraising program, building on and creating new relationships with our current and new funders including public grant giving bodies, trusts and foundations, corporate support and sponsorship.
Our plans include a new, high quality, show A Hero Next Door, which will tour to small/mid sized venues for school groups and family audiences. We will continue to tour to schools our shows Whisper Me Happy Ever After and It’s My Move, develop digital resources and build our Corporate Training offer.
We are optimistic about our future and our ability to deliver on our mission to address social injustice through multi-accessible theatre.
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**Roger Cowe** (Chair of Trustees) Date: 12 December 2022
Page 6
## **FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022**
## **Independent Examiner's Report to the Trustees of Face Front Inclusive Theatre Ltd ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2022.
## **Responsibilities and Basis of Report**
As the Trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charity 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 the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 7
**FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022**
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 12 December 2022
Ian Saunderson FCA
## **BKL Audit LLP**
Chartered Accountants
Page 8
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022**
|**Note**
**Income from:**
Donations and grants
2
Charitable activities
3
Investments
4
Other income
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
**496,082**
**-**
**-**
**-**
**496,082**
**365,122**
**365,122**
**130,960**
**34,909**
**130,960**
**165,869**|**Unrestricted**
**funds**
**2022**
**£**
**75,052**
**25,503**
**440**
**5,000**
**105,995**
**81,114**
**81,114**
**24,881**
**127,692**
**24,881**
**152,573**|**Total**
**funds**
**2022**
**£**
**571,134**
**25,503**
**440**
**5,000**
**602,077**
**446,236**
**446,236**
**155,841**
**162,601**
**155,841**
**318,442**|_Total_
_funds_
_2021_
_£_
_221,671_
_10,968_
_588_
_537_|
|---|---|---|---|---|
|||||_233,764_|
|||||_205,538_|
|||||_205,538_|
|||||_28,226_|
|||||_134,375_
_28,226_|
|||||_162,601_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 28 form part of these financial statements.
Page 9
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee) REGISTERED NUMBER: 05154096**
## **BALANCE SHEET AS AT 31 MARCH 2022**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**6,775**
**369,423**
**376,198**
**(87,264)**|**2022**
**£**
**29,508**
**29,508**
**288,934**
**318,442**
**318,442**
**165,869**
**152,573**
**318,442**|_12,945_
_328,005_
_340,950_
_(180,714)_|_2021_
_£_
_2,365_|
|---|---|---|---|---|
|||||_2,365_
_160,236_|
|||||_162,601_|
||||||
|||||_162,601_|
|||||_34,909_
_127,692_|
||||||
|||||_162,601_|
Page 10
## **FACE FRONT INCLUSIVE THEATRE LTD**
**(A Company Limited by Guarantee) REGISTERED NUMBER: 05154096**
# **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022**
The charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
**Roger Cowe** Chair of Trustees Date: 12 December 2022
The notes on pages 13 to 28 form part of these financial statements.
Page 11
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Cash flows from financing activities**
**Net cash provided by financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
The notes on pages 13 to 28 form part of these financial statements|**2022**
**£**
**73,772**
**440**
**(32,794)**
**(32,354)**
**-**
**41,418**
**328,005**
**369,423**|_2021_
_£_
_80,805_
_588_
_(659)_
**(71)**
**-**
**80,734**
_247,271_
_328,005_|
|---|---|---|
Page 12
# **FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
# **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. Accounting policies**
## **1.1 Basis of preparation of financial statements**
The financial statements 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 October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The charity has taken advantage of Update Bulletin 1 to not include the cash flow.
## **1.2 Going concern**
Continued fundraising success has secured adequate financing for our activities in the coming year. The Charity therefore has sufficient funds to cover committed expenditure. Combined with future grant commitments that the charity is due to receive and the healthy cash balance at the balance sheet date, this has given the Trustees assurance that the charity will be able to continue operating for at least twelve months from the date of signature of these accounts.
The accounts have therefore been prepared on a going concern basis.
## **1.3 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **1.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 13
**FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. Accounting policies (continued)**
## **1.5 Charity status**
The charity is a company limited by guarantee. The directors of the company are the Trustees at the beginning of the accounts
In the event of the company being wound up, the liability in respect of theguarantee is limited to £1 per member of the company
## **1.6 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **1.7 Tangible fixed assets and depreciation**
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
- Leasehold improvements Straight line over the term of the lease - Plant and machinery Straight line over ten years - Office equipment Straight line over three years
## **1.8 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.9 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.
Page 14
# **FACE FRONT INCLUSIVE THEATRE LTD (A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **1. Accounting policies (continued)**
## **1.10 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **1.11 Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **1.12 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **1.13 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 15
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **2. Income from donations and legacies**
|Donations
Grants
Donations
Grants|**Restricted**
**funds**
**2022**
**£**
-
496,082
496,082
_Restricted_
_funds_
_2021_
_£_
_-_
_216,751_
_216,751_|**Unrestricted**
**funds**
**2022**
**£**
5,052
70,000
75,052
_Unrestricted_
_funds_
_2021_
_£_
_4,920_
_-_
_4,920_|**Total**
**funds**
**2022**
**£**
**5,052**
**566,082**|
|---|---|---|---|
||||**571,134**|
||||_Total_
_funds_
_2021_
_£_
_4,920_
_216,751_|
||||_221,671_|
Page 16
**(A Company Limited by Guarantee)**
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
|**Grants received**|||
|---|---|---|
||**2022**|_2021_|
||**£**|_£_|
|Arts Coucil England|**111,830**|_48,218_|
|BBC Children in Need|**30,964**|_19,873_|
|Big Lottery Fund|**67,190**|_17,620_|
|City Bridge Trust|**7,500**|_45,249_|
|Co-op Trust|**2,337**|_-_|
|Daytrippers Foundation|**1,880**|_-_|
|Camden Learning|**6,000**|_-_|
|Chapman Charitable Trust|**2,000**|_-_|
|Haringey Council|**5,000**|_-_|
|The Leathersellers Company Charitable Fund|**10,000**|_10,000_|
|The Baily Thomas Chritable Fund|**5,000**|_-_|
|The Mercers Company|**20,130**|_14,267_|
|The Tottenham Grammar School Foundation|**11,000**|_-_|
|John Laing Charitable Trust|**-**|_1,000_|
|Marsh Christian Trust|**-**|_300_|
|Backstage Trust|**10,000**|_20,000_|
|Cast|**-**|_5,000_|
|The Clothworkers' Foundation|**-**|_5,000_|
|John Lyons|**60,775**|_15,225_|
|Barchester's Charitable Trust|**1,000**|_-_|
|Enfield Council|**5,000**|_-_|
|Enfield Connections Community Chest|**2,000**|_-_|
|Harold Hyam Wingate Foundation|**8,000**|_-_|
|L & Q Placemakers|**5,000**|_-_|
|Peoples Health Trust|**21,256**|_-_|
|Portal Trust, formally Sir John Cass Foundation|**16,500**|_-_|
|Speedomick Foundation|**3,000**|_-_|
|Stratford Arts Trust|**42,320**|_-_|
|Sussex Community Foundation|**5,000**|_-_|
|The Albert Hunt Trust|**5,000**|_-_|
|The Ironmongers' Company|**10,000**|_-_|
|The Sir Jules Thorn Charitable Trust|**1,000**|_-_|
|The Souter Charitable Trust|**3,000**|_-_|
|Warburtons Community Grants|**400**|_-_|
|Young Barnet Foundation|**6,000**|_-_|
Page 17
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
|Enfield ARG COVID Recovery
Other
**3.**
**Income from charitable activities**
Ticket sales for performances
Ticket sales for performances
**4.**
**Investment income**
Interest receivable
Interest receivable|**70,000**
**10,000**
**566,082**
**Unrestricted**
**funds**
**2022**
**£**
25,503
_Unrestricted_
_funds_
_2021_
_£_
_10,968_
**Unrestricted**
**funds**
**2022**
**£**
440
_Unrestricted_
_funds_
_2021_
_£_
_588_|_-_
_15,000_|
|---|---|---|
|||_216,752_|
|||**Total**
**funds**
**2022**
**£**
**25,503**|
|||_Total_
_funds_
_2021_
_£_
_10,968_|
|||**Total**
**funds**
**2022**
**£**
**440**|
|||_Total_
_funds_
_2021_
_£_
_588_|
Page 18
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **5. Other incoming resources**
|Theatre Tax Credit
Gift Aid|**Unrestricted**
**funds**
**2022**
**£**
5,000
_Unrestricted_
_funds_
_2021_
_£_
_537_|**Total**
**funds**
**2022**
**£**
**5,000**
_Total_
_funds_
_2021_
_£_
_537_|
|---|---|---|
## **6. Analysis of expenditure on charitable activities Summary by fund type**
|Direct costs
Support costs
Direct costs
Support costs|**Restricted**
**funds**
**2022**
**£**
365,122
-
365,122
_Restricted_
_funds_
_2021_
_£_
_187,985_
_-_
_187,985_|**Unrestricted**
**funds**
**2022**
**£**
75,660
5,454
81,114
_Unrestricted_
_funds_
_2021_
_£_
_10,405_
_7,148_
_17,553_|**Total**
**funds**
**2022**
**£**
**440,782**
**5,454**|
|---|---|---|---|
||||**446,236**|
||||_Total_
_funds_
_2021_
_£_
_198,390_
_7,148_|
||||_205,538_|
Page 19
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **7. Analysis of expenditure by activities**
|Direct costs
Support costs
Direct costs
Support costs|**Activities**
**undertaken**
**directly**
**2022**
**£**
440,782
-
440,782
_Activities_
_undertaken_
_directly_
_2021_
_£_
_198,390_
_-_
_198,390_|**Support**
**costs**
**2022**
**£**
-
5,454
5,454
_Support_
_costs_
_2021_
_£_
_-_
_7,148_
_7,148_|**Total**
**funds**
**2022**
**£**
**440,782**
**5,454**|
|---|---|---|---|
||||**446,236**|
||||_Total_
_funds_
_2021_
_£_
_198,390_
_7,148_|
||||_205,538_|
Page 20
**(A Company Limited by Guarantee)**
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Depreciation
Utilities
Running costs
Transport
Rent and rates
Marketing, advertising and promotion
Performance and workshop subcontractors
Performance and workshop costs
IT costs
Management costs
Audience development|**Total**
**funds**
**2022**
**£**
**63,289**
**5,651**
**808**
**45,731**
**657**
**11,817**
**21,125**
**196,014**
**69,949**
**802**
**2,978**
**21,961**
**440,782**|_Total_
_funds_
_2021_
_£_
_71,024_
_2,522_
_878_
_35,643_
_324_
_9,777_
_9,338_
_40,863_
_15,155_
_2,286_
_1,865_
_8,715_|
|---|---|---|
|||_198,390_|
## **Analysis of support costs**
|Governance costs
Tax consultancy
Accountancy fees|**Total**
**funds**
**2022**
**£**
**2,291**
**1,200**
**1,963**
**5,454**|_Total_
_funds_
_2021_
_£_
_1,792_
_1,066_
_4,290_|
|---|---|---|
|||_7,148_|
Page 21
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **8. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2022**
**£**
**58,237**
**3,781**
**1,271**
**63,289**|_2021_
_£_
_67,373_
_2,423_
_1,228_|
|---|---|---|
||||
|||_71,024_|
The average number of persons employed by the charity during the year was as follows:
||**2022**|_2021_|
|---|---|---|
||**No.**|_No._|
|Employees|**2**|_2_|
No employee received remuneration amounting to more than £60,000 in either year.
Key management personnel received renumeration of £58,877 (2021 - £67,373).
## **9. Independent Examination fee**
The Independent Examiner’s renumeration amounts to a fee of £2,500 (2021: £2,400).
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 March 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
Page 22
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **11. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
_At 31 March 2021_
**Debtors**
**Due within one year**
Trade debtors
Prepayments and accrued income|**Short-term**
**leasehold**
**property**
**£**
**41,450**
**-**
**41,450**
**40,647**
**803**
**41,450**
**-**
_803_|**Plant and**
**machinery**
**£**
**-**
**30,881**
**30,881**
**-**
**3,088**
**3,088**
**27,793**
_-_||**Office**
**equipment**
**£**
**3,436**
**1,913**
**5,349**
**1,874**
**1,760**
**3,634**
**1,715**
_1,562_
**2022**
**£**
**850**
**5,925**||**Total**
**£**
**44,886**
**32,794**
**77,680**
**42,521**
**5,651**
**48,172**
**29,508**
_2,365_
_2021_
_£_
_12,020_
_925_|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
|||||**6,775**||_12,945_|
**12. Debtors**
Page 23
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **13. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Accruals and deferred income
Deferred income at 1 April 2021
Resources deferred during the year
Amounts released from previous periods|**2022**
**£**
**19,564**
**1,860**
**65,840**
**87,264**
**2022**
**£**
**171,576**
**61,490**
**(171,576)**
**61,490**|_2021_
_£_
_4,277_
_781_
_175,656_
_180,714_
_2021_
_£_
_127,001_
_171,576_
_(127,001)_
_171,576_|
|---|---|---|
Page 24
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **14. Statement of funds**
## **Statement of funds - current year**
|
**Unrestricted funds**
**Designated funds**
New mini-bus
Hero Next Door class
Interaction class
Broken Silence class
**General funds**
General Funds - all funds
**Total Unrestricted funds**
**Restricted funds**
Classes ran within the year
Whisper Me 2022/23 class
It's My Move 2022/23 class
Blue Sky Theatre 2022/23 class
BLF 2022/23 class
New mini-bus
**Total of funds**|**Balance at 1**
**April 2021**
**£**
**-**
**-**
**-**
**-**
**-**
**127,692**
**127,692**
**14,909**
**-**
**-**
**-**
**-**
**20,000**
**34,909**
**162,601**|**Income**
**£**
**15,000**
**25,000**
**10,000**
**10,000**
**60,000**
**45,995**
**105,995**
**432,126**
**14,000**
**5,000**
**17,150**
**12,806**
**15,000**
**496,082**
**602,077**|**Expenditure**
**£**
**-**
**-**
**-**
**-**
**-**
**(81,114)**
**(81,114)**
**(365,122)**
**-**
**-**
**-**
**-**
**-**
**(365,122)**
**(446,236)**|**Balance at**
**31 March**
**2022**
**£**
**15,000**
**25,000**
**10,000**
**10,000**|
|---|---|---|---|---|
|||||**60,000**|
|||||**92,573**|
|||||**152,573**|
|||||**81,913**
**14,000**
**5,000**
**17,150**
**12,806**
**35,000**|
|||||**165,869**|
|||||**318,442**|
Page 25
**(A Company Limited by Guarantee)**
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **14. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|_Balance at_
_1 April 2020_
_£_
_128,232_
_6,143_
_134,375_|_Income_
_£_
_17,013_
_216,751_
_233,764_|_Expenditure_
_£_
_(17,553)_
_(187,985)_
_(205,538)_|_Balance at_
_31 March_
_2021_
_£_
_127,692_|
|---|---|---|---|---|
|||||_34,909_|
|||||_162,601_|
## **Restricted Funds**
As described in note 1.13 restricted funds are fund which are to be used in accordance with specific restrictions imposed by donors.
All the restricted funds received in the period relate to specific theatrical projects undertaken by the charity, and all these funds were spent during the period on those projects.
Projects that have ended with positive reserves have, under their funding agreements, the right to transfer funds to management costs that are expended from general funds which are related to that project.
## **General Funds**
As described in note 1.13, general funds are available for use at the discretion of the Trustees for the further ance of the charity’s general objectives.
These funds represent all funds other than the restricted funds described above.
## **Designated Funds**
Designated funds are funds which are not restricted by the donor but which have been earmarked by the trustees for specific activities or expenditure in the following year.
Page 26
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
Tangible fixed assets
-
29,508
Current assets
165,869
210,329
Creditors due within one year
-
(87,264)
**Total**
165,869
152,573
**Analysis of net assets between funds - prior year**
_Restricted_
_funds_
_2021_
_Unrestricted_
_funds_
_2021_
_£_
_£_
Tangible fixed assets
_-_
_2,365_
Current assets
_34,909_
_306,041_
Creditors due within one year
_-_
_(180,714)_
**Total**
_34,909_
_127,692_
**16.**
**Reconciliation of net movement in funds to net cash flow from operating activities**
**2022**
**£**
Net income for the year (as per Statement of Financial Activities)
**155,841**
**Adjustments for:**
Depreciation charges
**5,651**
Dividends, interests and rents from investments
**(440)**
(Increase)/decrease in debtors
**6,170**
Increase/(decrease) in creditors
**(93,450)**
**Net cash provided by operating activities**
**73,772**|**Total**
**funds**
**2022**
**£**
**29,508**
**376,198**
**(87,264)**
**318,442**
_Total_
_funds_
_2021_
_£_
_2,365_
_340,950_
_(180,714)_
_162,601_
_2021_
_£_
_28,226_
_2,522_
_(588)_
_9,622_
_41,023_
_80,805_|
|---|---|
Page 27
## **FACE FRONT INCLUSIVE THEATRE LTD**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **17. Analysis of cash and cash equivalents**
|Cash in hand
**Total cash and cash equivalents**|**2022**
**£**
**369,423**
**369,423**|_2021_
_£_
_328,005_|
|---|---|---|
||||
|||_328,005_|
## **18. Analysis of changes in net debt**
|Cash at bank and in hand|**At 1 April**
**2021**
**£**
**328,005**
**328,005**|**Cash flows**
**£**
**41,418**
**41,418**|**At 31 March**
**2022**
**£**
**369,423**|
|---|---|---|---|
||||**369,423**|
## **19. Operating lease commitments**
At 31 March 2022 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years|**2022**
**£**
**5,571**
**21,169**
**26,740**|_2021_
_£_
_6,475_
_-_|
|---|---|---|
||||
|||_6,475_|
## **20. Related party transactions**
During the year, Jacquelyn Shreeves-Lee, a Trustee, was paid £3,000 for professional fees as a counsellor (2021: £3,000). This payment is in accordance with the charity’s Memorandum and Articles of Association.
Page 28