**REGISTERED COMPANY NUMBER: 3591772 (England and Wales) REGISTERED CHARITY NUMBER: 1121416** ## **TALL STORIES THEATRE COMPANY LIMITED** **Financial Statements for the Year Ended 31 March 2023** Xeinadin Auditing Chartered Accountants and Statutory Auditors Becket House 36 Old Jewry London EC2R 8DD Coatsnts of the FlnADcS￿ Statrments for the year ended 31 hfar¢b 1023 P•g¢ Report ofthe Truthi I to 5 Report of the Audlttsrs St*temeDt of Fth*Adal AclivitKs io Cath Flov Stst¢m¢nt Notu to the Cuh Flow St*t¢ment 12 Notes to the Ih•D¢i•l StstMneAts 13 to 19 De¢￿ed Ststement of Adlvltles 20 to 21 TALL STORtFS THEATRE COMPANY LIM￿ IBIGISTERED NUMBER: 3591772 Rtport of the Trustees for the yur tnded 31 M*rtb 2023 . Th¢ trustee5 who ar¢ a]$0 dir¢¢th of tht £tr￿[lty for the PwpO￿ of the Compaw'¢s Act 2006, prtsettt their report with th¢ fin￿Cial Stsierntnts of the cb8rity for the ycar ended 31 Marcb 2023. The tnjstccs h*ve adoptel the provisions of AccounliDg Ind Reporting by Charities." Ststuttent of Recommclldtsj Practice appliLxble to charities pr¢paritig th¢ir o¢¢ounts ID accordance with the Finan¢ial R¢￿till8 Swidard applicable in the UK and Republic of freland IFRS 102) (effKtiv¢ l January 2019). Objectivw and alms The main objective of th¢ Charity is to &d¥￿te education forthepthlie benefit by the p￿￿lott of the in patticularbut not exclusively the art of To achieve thi5 objective, the cbarity presents high quality. lTn¥in￿lve productioDS throughout the year. whi¢h Can b¢ enjoyed by cbildreth and adults equally. These productits￿ wsettt old. oew. and titt)eless stories ID fr¢sh and ¢xciting way5. touritL8 to large and sthatl.scale theatres. ¢oiiiii)uwty venues and s¢booS9 ID the UL coniittetitsl Europe. Nor¢b America and other COWLtries. The chatity al￿ to tell sti)ries in a physic4L visual style to reach as th"veTs¢ 80 audienc¢ as possible worldwide. Additional to live- public P￿rOT￿￿Ces, our day-l1￿d1Y aciiviiics include workshops. participitory proje¢ts. interview5, and ta]kn. Publk b¢#efit The ¢han"ty confirn)s that the Tn￿ have Considered the Charity Commiwon'8 guidan¢¢ on public Ixnefit as required by the CbaTiti¢S A¢L 2011 The ¢ompaDy wurs on the ]arg¢ aud $￿a￿-S¢al¢ to bwio8 ￿"sh quality drarna th audicnccs from all wa]ks of life, worknng with our partms kn veowe b￿1¢[$ to #tr￿danc¢ where possible. Our P•lldes We ar¢ committed to tnakin8 T811 Stortes a stsbl¢ safr, and fair orgaDisation for all its staff, stskthtslders, bellefi¢i4rt¢$. All poli¢ies are reviewed attd updatal re8ularly. W¢ ar¢ d¢velopiD8 an Equality, Diversity and Inclusion acti¢)n plats demonstrate ¢ommittD¢llt to diversifwD8 Twho we work with and bow we The ¢hariti¢s R¢s¢rv¢s Policy states that the trustres bave set 6 month'5 OP¢fatitt8 costs as uDre5trictcd rc5ervcs. cqua]itig £1.159,483 in March 2023. This policy is revicw¢d anDually to ensure it wfficicntly covers the risks idcDtified in'deljvuitig thc charitablc objeciivts. Tht tn￿ttts con5idcr that reserv￿ at this Icvel will en5urc thaL in the ev¢nt of a $ignifi¢ant drop tn incomc, thcy will be able to continue the charl￿& cwrent athities while ConsideTati￿ is fo ways in wbich adth"uon81 fijllds ￿￿Y be raised. Re￿rt gfth¢ Trnstets lor the yw tnded JI M*reh 2•23 ACHtEVEMENT AND PERFORWCE Chgritable atilvld Il bas bttD ￿ cxtraordinary year for the clwity. one of rcsi]ieDce and flexibility. as the COn4baoy continued to build back following th¢ Covid.19 panknic and encou￿ audicnccs b%k ty thr IbtstrE. 2022r23 saw 8 ¢ontitiued dern￿ for our touting wotk aLZOSS the UK aAd we saw a reum to 8 more reco￿1$*ble rhythm of touriDg and 4uditDcc bookiD8S. Our live sbows with our intematiODal plttsers built back strongly &ryd our work contiDUCS to be positively T¢ttiv¢d by both audiellcts and the seetor. For 2022-2023 we are proud to bav¢ Teth a wtai UK audi¢tt¢¢ of 218,730 with a totsl internaiioDal aUdIett￿ of 125J42. We prothic¢d 7 dIff¢tt￿ show8 whb 665 io th¢ UKoDd 298 intcrnation8lly across 3 cootitt¢¥Lts. We reached aD additional 488 young people and their families across 9 ￿Mi1￿CeS as of our fre¢ preview initia¢iv¢ vknich saw u5 partner with 6 local primary schools ID Islingthn includitig I SEN 5¢bool 8$ Put of th¢ Islington I I by I I program. We also worked with The Parent Howe and Hom¢start ts]iDgton to rea¢h famili¢5 who would not otherwise go to thekn. W¢ aTE passioJat¢ about ¢r¢aliDg to cA¢it¢ young xma81t￿tiOnS and inspirc a lif¢-lon8 lov¢ for theatre. We beli¢v¢ that everyone should hav¢ access to cultur¢. r¢gardle5s of barrier4 and kDOW that Tall Stsric5 ¢3n belp •¢bieve this. A5 Such. integrated BSL perfonnaDW touch tours. rcsowc¢ pxks. and ￿, with children, families and teachcrs 4EI remain vilal to thc wT3paround of our st10￿ ￿ dew th¢ ¢ugaB¢m¢llt with the work and wid¢n our xcc5S. We bave Contitiued to Durturt aod grow p•zTtt¢tships ¢0 eoable mor¢ childm and families who Might othcrwi5e Thot havr a¢¢ess to arts aDd ¢ultur¢ hav¢ n)¢morabl¢ positive ¢xperiw¢¢s. lo 2022-23 we focus¢d fithcr OD developing ow a¢r¢5S and inclusion offer and presented and additional 27 with dedic￿ a¢ce&s provision includwg relaxed. BSL In addition to swrt the red￿10￿ of barrius to atteDdaDc¢ we deliwére41.. The Grnffalo BSL.. For Cltistm&$ 21Y22 we re.imwd the well.loved Gn￿[#￿ itiw • fully BSL show for The Mill Art& Ccntrc and Bmusic. Thc cast of thrcc si8ned throu8hout and thc It4diDg role of Mouse w8s played by a de4f a¢tor. W¢ d¢liv¢red 51 p¢rfornJaw all of whi¢h were also rdaxed As part of thi5 pyoject we ¢0tt8ulted with the deaf community to reacb a rThi audience with extcnded activilie$ in¢luditig workin8 with National Deaf Children's Society and LimpiDg Cbicken. a Ilighly regard¢d onlin¢ pjarform foT deaf cornmuniti￿ devcloping TelatioDsbip$ with schools and COTllrnuDity grThws su¢b as T¥￿￿E Flight Youth Theatre WILO trdvelled 10 5c¢ the show with 27 deaf yOUDg pcople aDd theiI families aged betW¢¢D 6-12 years ¥lld had a and grcct with th¢ ¢ast after th¢ sbow. The ￿n￿al0. P•y It Forw8rd with H•¢kn¢y Fwire.. We ddivr¥ed a Pay It Forward aUdi￿Ce dcv¢loprn￿¢ initiative through Hackney Empire Box Office. By tKoInoti08 the th)Dalion of tickets to existing audien¢es. Tall Stories was able to work with local charitable Organisatio￿ and groups. includiDg The Hackn¢y Matsb ParenLship's Youth Hub4 Hackney Food BanK E5 Baby Banl Ha¢kttey Migrdot Centre and Camdth & Islitigton Homeswk to distribu* 112 fr¢¢ tickets to fami￿.¢$ WTr￿ wouldllt ordiAanly b¢ abl¢ w att¢Dd the th¢atye. UK wurin8'. W¢ WOTk¢d with Th¢ Forum in Barrow-io-Furne5S to give away free tickets to The Gruffalo to scb¢y)I children in the d¢priv¢d wards local ro th¢ th¢atr4 and with Th¢ Cwve in Ixi¢ester and Leice¥t¢r City CowLciI to offer fre¢ tickets to The Smeds alld the Smoos ￿ Tefvgee famili¢& Rwm on thc Broo￿ Thc twry strea0￿8 CVtDt: We arc particularly to bavc paTtsLcred with The Lowry ￿ stre4tn ROTh into h05Pitais and knspiccs across ma￿be￿Ie5 and SalfoTd reachin8 over 7(Kl families at ChTi51mas tim As we bave rebuilt ovcr the last year following Ibe paDde]w"¢, the ¢lwity endEd the year iti a positiv¢ fillaocial p)sxtion. The In¢Oll￿ for thE fllwKi81 year was £2.254212 (2022: £981.001). with exp￿.￿￿¢ of £IW,903 (2022.. £1.165.8I2). TALL STORIES lllEATRE COMPANY IJMM (REGISTERED NUMBEK. 3591772) Rwrt oftb¢ Tru* f•r the yur e•ded 31 MAr¢h 2011 Th¢ COMp￿Y ma]Dtsi￿% a stroD8 level of rtseryes attd hts suffiueot to ¢ov¢r its ¢xp¢ndittw¢ for a period of rllor¢ than six months. Governing document The charity is controlled by its goveTlliDg &)cumth( * deed of tw and ¢thutifyt¢s a limit¢d company. limited by guar8Dte< as defmed by the Companic¥ Act 2CO6. Constltutlon Tall Stori￿ Theatye Compny Limit&l was on 2 July 1998 ￿ • CODJpaDy limi*d by 8umie¢ aDd is governed by its Memorattdum and Arlicles of Association. as amendcd by Speci￿ res01￿iDn on 20 2C(17. On 30 October 2007. the company w&5 rcghstercd as a clthrity with the Chuity Commission. Th¢ ¢barity L5 governed by a Board of TnJste¢s. with a minithurll of 3 and a Maxi￿ of 7. as Stsied our Arti¢lw of Ass0¢iatioD. Th¢ power of app)intiDg Tr￿Slee$ rests with the TrLLStecs office. Day to day n4nagcm¢Di of the compa￿Y is l¢d by AnEsti¢ Director Toby Mi"tchell and Ex¢cutive Diredor Laura Woodward. The Board meets quwterly attd hosts ADnual General Me¢tiD8 eath year. The Board b&5 one Sub￿￿1￿¢¢.. FiDaD¢¢ Sth con￿11tte£ IFSQ ¢haircd by Ernmaline Cen. and ad.hoc ¥tion group5 wbich rne¢t around thc year on sp¢¢ifi¢ ts)pirA as required. Trustet Indue¢l•D New T￿￿1¢¢$ are recnJi*d througb open calls and the Chair, fkputy Cbair aDd i memkn of the Exe¢utiVe t¢an) int¢rvi¢w them prior to b¢ing itiviled to shadow a Bo*d meding. New Trustees arc briefed on their legal obligatiOttS uud¢r Chatity and Company Law. the CODteot of the Memorandum aDd Articles of Associalion, the ¢ot)uniti¢¢ and decisiw-rnakin8 processes, aDd the rectnt financthl wfomwice of the tharity. All ttustees are givett a tr￿stee pack layin8 oui their responsibilitics and the compauy's terms aod ¢Onth"tiO￿ and ¥¢ pmvthd 00BC*￿8 trainin8 &% needed. All Trustees PTQVtded with a Copy of tb¢ aonual bwjgets attd profil and loss reports on all projects. &5 well as a SU[￿Mary of forthcoming plans. All appropriat¢ papers r¢levant to the di%wiott points OD the mectiDg agenda are cir¢ulat¢d to all board members ¥IL¢ad of eacb board m¢etiDB. All are to See wfonn8D￿ thwhout the year aod are invited to sbows on a r¢8ular b&8iS. Studlo #nd offlee •t l$ll￿tIOn celltr￿ Llbr•ry Th¢ organxsation has Settl￿ in¢0 its hom¢ in Islington. which Ewvidt5 the COTnpany with an gdminislrativc base. alongside a lar8e thdio 4)ace suitable for reheaTSa]s and t￿Orman￿ for an audience of up to 80. Ta]1 s￿ries. programm¢ of work includes free perfonnaDCCS for 151ingtOD sch￿)l8r0Ups aDd rc5ideDts and a prograowie of support foT Storytellin8 focwed compaDIC5 artists. The studio is hircd by IiJ¢al wps comp￿1¢$ as & rehearsavpreview Space with tethDic fa¢ilitie5 or for workshopproBrammes. britigtnK in a tscw $tre•ro of income foT the dwity. W¢ have built a p)5iliv¢ parts)uship with IsliDgtOD Coun¢il, working togetbtr OD eommuwty cvents sucb as the SWt￿let Readin8 awil¢u8e. We are partyers on Isliugton Council's I I by 11 progt3mm¢ Wo￿1￿￿ cl¢)5ely witb Iwal S¢h¢)0￿ to support every chhld in the borou8h to acce&s I I cultural and Creative experience5 by year I l. We*¢ also p3rt of the Coun¢il's Cultural Leads strate8y group. We want ￿ EMJild on this base and ueate evett $trottger liAks itito the community aDd with local 5cboo15. The Aim over the ¢ominE years is fw the spx¢ w b¢ kryo•*￿ ￿ 4 storyt¢llinB hub. with a locaj reach for both ¢ommMoity *)d mdusoy bentht. RA$k m*ty*geme*l We have a Risk Re8iStcr vthich identifies and &%sesscs Potrlllial risk. Pisks are classed ith Imns of low to Fligh. They are &wsed in categorie$ includin8 GovernaDcc and ManagemenL Fittancial. OpeTatioJul, Personnel, at)d External. In r&sponse to atsy risks idcDtsfie(L poii¢ies are ¢stablisb¢d with sy5tezlls aad pff￿¢d￿ to mitigate ajd nwa8e risks. Risk maD88emciit is a ststtthng item at all quartCTly Bo¥d n)¢etiDg& aSoogside quarterly reviews of nw)a8tm¢nt and compaDy accounts. Focused wk groups are also fornied as requwed if d¢di¢at¢d plapnin8 is T4uired fry a parti￿lar aTea of ri5 Pa8e 3 TALL STORIFS THEATRE COMPANY IJMITED (REGISTERED NUMBEIL. 3591772) Report of the Trnste*s for the year tnded31 M*r¢b 1023 Our people W¢ were d¢lt8bted to r￿￿1¢ ucw Board Stscie Novothy Bond aDd wc bave Incr￿ed capacity in our core team w¢l¢oming Patrick Orkney os FiDatt¢e Assistant and Morrn￿ Marsh &$ Pmducer. All sa]aries are rcYiew¢d anoually and wber¢ possible increw i￿ attordan¢e with av¢D8¢ e8rniw aod infiation. The Dircctots benduxwk a8•iw pay lev¢l$ oth¢rtheatr¢ wmpanies or veDU¢S of a similar scat¢. Th¢ Trustr¢s set the pay of sctiior s¢4ff. Future pl*M 2024-2025 Our focus as a charity totttttiues w be th•¢ we are a force within the ¢bildrell's them Eector. excitins ltimgin￿lonS of 811 that ¢118a8e with us. by budthg our live perfomwce piogram througb UK tOUEing of our (]a8sbip 5htsws. developimg our interoational paTtrerships a¢ross Euyope attd Australi4 and cr¢atin8 a ntw 5bow Elrncr for UK touring whicb Iw its core focus on iti¢lusion, a¢¢eptaJice and kindll￿. witbiti IsliDwon with the culbjre aod ]ibrary tram& We also wisb to explo￿ reJnountin¥ 5th001s touring. Workshops d¢v¢lopment Program. We will to dev¢lop bow w¢ d¢monstrate our impact and Ire rA)mnJitt¢d to equAlity, a¢￿$$ and diversiry in a]1 that w¢ do. W¢ will b¢ xmpl¢menting a new fiuthEsrB8 strategy 10 suP￿rt our¢fforts to r¢movt baniers of en8agement for children and their adults and expanibD8 ow audiethce devtloprncDt atsd digitsi reach throu8h bespoke progratll5 of supporL RdAt¢d p•rtl*$ ¢wp¢rntSob wlth other or8xnts•llons None of th¢ conwy's tri￿te¢S receiv¢ remuttetatiots or othex benefit frotD their work with th¢ ¢harity. ADY cOnt￿tIC between a tru5te¢ and senior employe¢ of th¢ chatity with a prLMknion C•Dtrn¢t¢d a¢tor. pdonner or cxbibitor musi be disclosed to the fiJl] board oftrustees in the s¥m¢ vr4y as any other ¢ootr¥tual r¢latioDthip with a rc14ttd party. D15clo$￿re of IDffJrmadon to *vditor Ea¢h of the tr￿S(e¢S has ¢onfimied there is no inforniation of v/bich they are aware which is relevant to the audil but of whtch the auditor 15 uttaware. They have further confirnicd that thty havc thkcD wrowi8ie steps io idmtify su¢h reA¢vaDt formation and to estab￿Sh that tht auditor is aware of such information. REFERENCE AND ADMINISTRATtVE DETAILS Reglstered comp4￿Y tsumb¢r 3591772 IEts8tsttd and Wai￿) Reglstered Cbqrlty D￿Mber 1121416 Regiitertd offi¢e 68 Holloway Road London N7 8JL Pcnelopc Daly St¢pben CowlOD James Jones Ejwxalitie Cett Key PerSOw￿l. Setiior Ic•d¢tslllp Toby Mithll and Laura Wth)dward {appomted April 2022). Py4 TALL STORIES TREATRE CObfPANY LIMrrED (REGISTERED NUMBER: 3591772) Rlptsrt of the Thiite¢s for the Ye￿ eud¢d 31 IdArng re4soDable s*ps for the prevetttion aDd d¢t¢ciiott of fraud and othu llTegu12Tities. In so (aras the tn¥tee$ aT¢ aware.. . there 18 DO relev8Dtaudit irrfon￿oll of which the charitable 8uth.tors uttaware: at the trustees have tskcn all 8¢cps that they ought to have tsk¢D to mak¢ the￿IveS aware of any TeleV￿l audit infortnarlon aod to establish th* th¢ audi￿1$ ar¢ aware of infornauon. AUDITORS The #uditor& xein￿]ll Audilin& will be pmposed forr¢.appoin.tsneot at the tomh¢￿& Anllu2J G¢n¢ral M¢¢tin8. 1PJIW2023 Approvcd by ord¢r of th¢ bo*d of truste¢s on............................................. and sI￿d on its beI￿r by.. PDaly. T[￿$t¢¢ Report of the ￿dePendent Auditors to the M¢mb¢n of Txu Storie5 The•tre CoMp￿Y Iin)Ited IRe*#ered number: 3591772) OplnloD W¢ hav¢ audi¢¢d the fuwi¢haJ siatements of Tall StoYi¢s Th¢atr¢ Company Litnired (the'¢baritable COMPID￿> for thc year ¢oded 31 March 2023 which wmprise th¢ Stswnent of FID2￿101 Activities. th¢ Balance SheeL the Ca5b Flow Statcrll¢ot and notes to the fuja￿CIal sth*meDts. includin8 a surthtw of 5i8Dthcant accounting policies. The fmats¢iai r¢portiD8 fiam¢work that has been applied ID their preparation is applithle law and Uni*d Kingd¢)m A¢¢ounting Statsd￿ (United Killgdom Gcn¢rally Accepted Ar￿￿11)ng Ptactic¢J In our0p￿10￿ the finaucial thteMCD￿. give a true and fair vicw of the sw¢ of th¢ ¢baTitsbl¢ affairs u * 31 March 2023 aDd of its incoming sour¢¢s attd ¥pplicatiott of r￿￿￿￿, ill¢ludin8 its fftttcom¢ and cxpeDditurc. for the year thcn eDdcd.. bav¢ beea properly prepared in accoTdallce with United Kin8dorn Generally Acccpted A(couttting Pr•cts"K attd bave been prepated in accordaDce with the requirements ofthc Companies Act 21))6. B•sls for oplnlon We ¢ollducted our audit in accordartce with Jntemationai str￿dards on Auditing (UK) (ISA$ (UK)) and applicable 17dW. Our r¢spM)nsibilities those standards are firther d¢s¢Tibed iti the Auditor5, respoDsibilities for the audit of the futhts¢i81 statements section of our reprt We are indepettdent of the cbaritable company ID accordance with the etbical requw¢nMts thai are r¢l¢vant to audit of th¢ finan¢ial slai¢ments in the UL iDcluding the FRCS Ethical S¢alldar¢ and w¢ have ￿lfilLed our oth¢r thical responsibiliti&% in accordance with thcsc requirrments. Wc believe th81 the audit evidence we have obtsined is sufficient aDd app1vp￿al¢ to pwovidc 8 btsis ftri)ur (yitsion. c￿(1￿3&0￿5 relxtlDg to golng con¢¢nb In audl'ting th¢ stat¢m¢nts. w¢ bav¢ ¢onc1￿1¢d that th¢ tru#cex' we of thc 80ittg Coacern b*sis of ac¢ouDting ID the preparation of th¢ fi￿ancial staternellts is appropriatc. B&sed on the wolk we have w¢ have ttot idoltified ￿Y rnatrri￿ wi¢¢minties ye￿Ill8 to ¢vtDts or CODditions thaL individually or collectsvcly. may cast signifi¢ant doubt the cb*it&ble ¢OD)panYs ability to CODtinue & a going ¢on¢ern for a period of at I￿1 tw¢lve mODtbs from wbeo th¢ firsanciai ststemcnts are authroised for issu Our rwonsil>iliti¢s and the T&4POn811>ilili¢s of the trustees with rtspect ￿ going Cooexm are d¢S￿1b¢d In the relevant sections of this reporL Otber 54f•rniath) Tr tswtees are responsibk for the ots itifomatiott. The illfornation comprises the infonnation included in th¢ Anttuai ReporL other thats the fJn3D¢iai stateM￿ts and our Report of th¢ Indwdent Atyjitors thereon. (hr opinion on the fman¢ial ststen)ents does not cover thc oth¢r infOrn￿tiOn an¢L cxw to the eKt¢ot oth¢Nis¢ expli¢itly stst¢d in our repori we do uot expr¢&8 any fotm of as5ufdDCe conclusion th￿ColL In CODnectioo with our audii of the ourresp)nsibility is to read the other itiftinnatiott art in doitig so. coosider whether the other infonn•tion is mat¢rially ittwistent with the fmaneiai statements or our knowledge obtsllbed in the audit or oth¢rwise appears to b¢ rnaterially misstated. If we identify material in￿oSiS[e0cles or apparent material rni8Stat¢m¢Dt& w¢ are required to deterrnine wlth thi5 give5 risc to a misswemeDt iti the finaticial statements themselves. If. b￿d on the work we bave we CODrlude that th¢re is a m•t¢rial misstatement of this other itifornwtion. w¢ arc requireA to rwrt thai fa¢L W¢ ba¥¢ oothmg to report in this T¢8ar OplnSoM other matters prucrlb¢d by th¢ Companies Ad 21)D6 our Opinio￿ based on the work und¢rtakell in the ¢out5c of the audiL th¢ ittfornutioll given in th¢ Report of th¢ Tn￿te¢S fgr the finaDcial year for which the finaTh¢ia] sratemcnts ar¢ prepared 15 consistent with the financial &¢atemcDts' and . the Report of the Trnstets has been prepared in 4¢cordw with •pplic4bl¢ legal requ1retJ￿. Page 6 Report of the IDdeptndetst Avditorn to the Membtrs of Txll Storie5 The¥trt Company Limited IReglrtered number. 3591772) Matter5 on wbSch we Ire requlr¢d to report by exetpdo In the ligbt of the knowledge and understsnding of thc cbaritsble compatty and its environmenl obtsined in tb¢ ￿urs¢ of th¢ a￿diE w¢ bave not identified material misstatcmcnts in the Rc￿rt of thc Tntsrees. We bav¢ nothitig ty report in of the following matt¢rs whue the Companies Act 2(H)6 Tequires us to report to you ic iti ouropinion". . adquate ￿(￿￿tillg records beth kqji OT Tdurns for our audii h•ve ttot been T¢ttiv¢d from branches Dot visitcd by us. or the financial 5tstemeDts ar¢ not in agr¢em¢nt with the a¢¢outsting Te¢or4s retun￿. or certain disclosures of trusteeg r¢mun¢raiiov spe¢ifiedby law are ttoi mad¢" or we have not received all the illforn)ation atsd explanations we requir¢ for our audiE or th¢ InLSt¢es w¢ff Dot ¢Dtitled to tak¢ *fvaD¢age of the SO￿1] Comp￿]¢$ ¢xemp¢ioD fr(￿ the requirem¢Dt to pw a Strat¢gic R¢port or in preparing th¢ R¢port of the Tt7Jsiees. R¢spo•$lbllltl¢s of trwttts As ¢xplaitied more fully in the Stattzllcnt of TnLStecs' Rcsponsibilitics. thc tn￿ (who ￿ also tbe directors of th¢ Charitsble company for the Purp￿ of cotnpany law) are re4￿￿1ble for thc PTq>aration of thc fmanciat statements Ind for beitig s￿ISfied that they give a true and fair view, and for Such intemai Control &$ the tr￿teeS determine is necessary ¢nable the pr¢paratioD orru￿nCIal 5tstunents that are frec from rnattTial whetherdue to frwjd or error. In pr¢parittg the fthallcial the trustres art ￿SPoDs1bIt for asscssing the ch￿Itable Gompany's ability to ¢oniittue as a goittE co1)ce￿ disclosing, as applicable. rnattcr5 relatrd to 80illB C4)Dcern aDd using the goiDg concern basis of a¢¢ouO1ing unles5 the trustce5 cithcr intcnd to liquidate the charitable cornpany or to Ce￿ operations, or have no rcalLStic trrnative butto do so. Pag¢ 7 Report of the Ind¢p¢ndent Allditors (• tbt Mtffjbtrs of Tall Stories Tbe*tre ComP￿Y Limited IReystered Dumber: 3591772) Our re1pon￿bilItie$ for the *lldlt of the IIMoeW *t*tethettts Our objeaives are to obtain reasonable aswantt al￿ whether the flljancial sratrmcnts as a wbole are fre¢ from material i&stateDienL wh¢th¢r du¢ to fraud or C￿r. and to i$5u¢ a Ryrt of the ljmlepcndcnt Audittsrs that includes ow opilliotr). R¢&8onabl¢ assurdnce is a hi8h level of ￿sUranCe. but is not a guarantre that an audit Conducted in kCCOTdan¢e with ISAS IUK) will always detect a mateTia] mi&statemcnt wben it exists. Mi5Staternents can ar1￿ from frdud OT error ajjd ar¢ considered material if. individually or in the a8yega*. th¢y could re&wnabty be extttted to intlueDce tbe economic de¢isiotts of wers taken c￿ th¢ basis of th¢x fiDanCi￿ stste4n￿ts. Th¢ exteut to whicll our ￿￿edureS arc capable of detecti08 itre8ukntie4 includin8 fraud is dctailcd bclow. - Ideotify aDd assus the ii5k of tnatrrial mis51attment of the financial ststements. whtthcr to fravd or C￿r. desigtt aod perfonn audit procedutes ￿SpOnSive to those risks, and obtain audit tvidellce that is suffLCLCDt and appropriate to provide a b&%is for our opinio￿. Thc risk of not detecting a matezial misststement resulting from fraud is higher than for onc r&sultiDg from ¢rroT. as fraud nuy involve ¢01h￿l0￿ forgery. ititeniional Omissio￿ misrepreseolations or the ovwid¢ of intern control. - Obtain aD under5tsndiTJg of int¢maJ ¢oDtrol relevant to tbe audit itt order to design audit prwCdyr￿ that are appropriatr in the circurn5tsnces. but not for the purpNe8 of ¢xpr¢swLg ao opinion oo the effe¢tivM¢ss of th¢ company's internal control. . Evaluate th¢ appropriate￿ of a￿OUnting poli¢ies used and the re•sonablen¢s5 of ¥cowi¢ing ¢stirnat¢s and the related disc105urcs made by tbe directors. - Conclude on the apprnpriat¢Less of th¢ dveckn, use of th¢ going basis of accouoting and. based OD thc audit . evid￿ce obtsined. whethet a material u*t¢rtaitity ¢xists r¢b*d to event or ¢ortditioAs may cast Si8nifLcani doubt on the compaDYs abiliry to ¢ontiDu¢ as a going ¢oo¢uo. If we cO￿lUde that a nJ•trrial uoc*ttiittty ¢xists, w¢ ar¢ r4uir¢d to draw attention in ovr auth"toYs rewt to th¢ r¢l4ted dis¢losuze iti the fillancial $tstrmettts or, if such diKlosure6 are iDad¢quate to modify our opinion. Our conclw8ions are b&Yd on the audit evideo¢¢ Obtsin￿ the date of our auditoes rcport However, future events or conditions may rause the company ￿ ¢e4se to continu¢ a8 a concern. - Bvalvat¢ the overall pre8elltallo￿ and coll1￿1 of the fjnaxjal SMteMe￿ illcludillB the diKlosures. and wh¢th¢T th¢ fll)attcial Matemettts represeni the wknlerlyiDg t[aDS1￿ aDd cvents ID a m*Dner that *¢bieves fair presentstton. A further des¢rap¢ion of OUT r¢sponsibiliti¢S for thc audi¢ of the finan¢ial sta*m¢nts 1$ lo¢ated on th¢ Fiuan¢ial Rwortin8 Coutscil's wd)site ￿ www.frc.org.uklaudito1srespo￿b1lltic￿ Thi5 desttiption forn￿ part of our Report of the Indep¢nd¢nt AudL"iors. of report This report 15 made solely to the charitable Comp￿$ m¢mbers. a8 a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. (hw audtt WO￿ has been undertaken so that we migbt State to the ¢haritsbl¢ company% mernbets those matters we ar¢ required ￿ stste to them ity an auth"iors' rwrt attd for no other puwJs¢. To the fithesi ¢xt¢nt perniitted by law, we do ￿ept or assum¢ respoosibility to anyon¢ other that) the ¢harit•bl¢ ¢omwy ood the ¢haTitabl¢ ¢ornpanys memb¢rs as Jbody. for our a￿111 worK for this or fw the opinioos we have fonnes£ Hazel Day Bsc (Hons} FCA (Swior StsW Auditor) for and on b¢half of X¢inadll) Audiiing Chgrtered Ac¢ounlants and SthDJtory Audito B¢¢ket House 36 Old J¢wry Londoll EC2R 8DD Page 8 Ststtmemt of Acthfttu for the year ¢Dded 31 MaT¢k 11)23 2023 Unrestricted fund 2022 Tothl fithds Note5 INCOME AI¥D ENDOWMENTS FROM rA)n￿lon$ and Iq¥i¢s 1.133 Charitsble 4ttiwitits Theatre productioD5 2.198.768 945219 Othcr ttading activitics IDYC5tmeot income Othu income 54263 17.144 290 981001 Raising funds 29,￿1 8.545 Charltable activitiej Theatre prnductions 1931902 ￿67 1960 903 1165 812 ET INCOMFJ(EXPENDrruRE) 293,309 {184.811) RECONCILIATION OF FUNDS Total fimds brou8ht forward 1,159.483 l J44,294 TOTAL FUNDS CARRIED FORWARD 14527 1 159483 The Dotts fi)mi part ofthese final￿ 5tstenKnts Page 9 TALL STORIES THUThE COMPANY LIMITED ITrEGISTERED NUMBER: 35917n) Baknott Sheet 31 March 2•23 2023 Unrestricted fuod 2022 Total fi]nds A&s￿s Tangible as8¢18 l3 261.799 273.097 CURRENT ASSETS 14 15 16 16.930 933.165 27.967 342.130 350,000 387 767 D¢btors Inv¢stm¢llts Cash at bank 1,795.542 1.107.864 CREDITORS Arnounts fa]ItD8 within oncye4r 17 (604.549) 1221.478) NET CURRENT ASSETS 886 386 TOTAL ASSETS L￿s CURRENT L￿1￿￿Es 1.452.792 1,159.483 NET ASSETS 1452 792 19 UDrutricted fur 1452 792 l 159 483 TOTAL FUNDS 1452 792 1159 483 The5t financial statcmcnts bavc bccn prwed in ac¢ordaDtt wxth th¢ provisions applicable to clwitsble eompatties 8ubj¢ct to the small cornpanits regithe. 18112r2023 The fjnaneial statemeDts were appToved by the Board ofTnwtt8 and authori￿ for issue on ......... d were sI￿d on its be1￿]r by: P Daly- TTU5tec The llotcs fonn pdrt ofthese financial stathents Page 10 Cxsh F1oiv Slatemeot for th¢ year tjmled 31 Marrb 21123 2023 2022 Not¢5 Cath floM frnm op¢nting *cttvid Casb g¢t)¢Tated from operations 125 380 198 85 N¢1 ca8b provided byl(wed iti) opuaiing activiti¢s 125 198 85 Cuh flows from Investlni aetlvl¢l Purchase of tallgible fixed assers Short *nn depo$il- itivestments Interest Teceived {17.748) 350.(KKI 48 {13,514) (150,000) 290 Net casb provided byl(u8ed ia) inv¢stiD8 a¢tiviti¢s 163 24 Change ITr casb attd t￿b equlv*lents ID the reportlnl ptrlod Cask And eash equlva]eDts at the b¢RlTrthg of tbt rep•rtlng per5od 457.680 (361,809) 387 767 749 576 C*sb and ush equlvthnts #t the tnd of the r¢pgrtlog p¢rlod 387 767 The notes forni P￿ of thcse fu￿1¢111 statethents Pa8¢ 11 F4otes to the Cash Flow St•t¢me*t for th¢ yur ended 31 M*r¢b 21123 RECONCILIATION OF NET INCOMFJ(EXPENDrruRE) TO NET CASH FLOW FROM OPERATING 2023 2022 Net ithtomtl(¢xp¢mdlturt) for tht reportln¥ perlod (*$ th¢ St*teDbeDt of A¢dvltl#) Adjustments for: D¢pre¢iatioll charges Int¢r¢st ￿e1Ved D¢crus¢ in 293,309 (184,811) 29.046 (48) 11.037 {591.035) 383071 25,¢M>8 (290) 1.783 {59,065) In¢r¢as¢ iti creditor5 Net calh provld¢d by1{u￿d l*) optrado 198585 ANALYSIS OF CHANGLS IN NET FUNDS At 1.422 C•sb flow At 31.323 Net cuh Cash at baDk 387 767 387 767 Liquid re50ur¢t$ T•t41 737 767 Pa8e 12 No¢u to the F￿￿¢141 Stxt¢m¢nts for the yt*T tnd¢d 31 M*r¢h 2023 AccouNfLNG POLICIES BASIS OF PREPARINC THE FINANCIAL sfATEMENrs The financial ststemtnts of the charitable compaoy. which is a public benefit entity under FRS 101 hiv¢ b¢eo prepared ID accordance with the clwit1￿ SORP (FRS 102) 'A¢￿u￿ting and Reportin8 by Charities: Sthtemeni of RecomtDend¢d Pwti¢¢ applicable to ¢han"ti¢s preparing th¢iT a¢cowiLS in a¢cordan¢e with the FiDaDci41 Rcportitig Standard applicabl¢ in the UK and R¢publi¢ of Ireland (FRS 102) (¢ffe¢tiv¢ l January 2019)., FiDaDcial RepoTtirtg Standard 102 Ybe FiDarJcial Rtponin8 Standard applir2ble in the UK and Rtpublic of trcland, and the Compallie8 Act 2(M)6. Th¢ fuwi¢iai $tat¢m¢rLts have b¢eu prwd under th¢ histori￿1 cost ¢onv¢DtioJL COME All incom¢ is re¢ognis¢d th¢ Statement of Financial A¢tivitie8 00¢¢ th¢ ¢harity has ¢Dtitl¢ment to tht fi￿d5. it is probable that tbe ill￿￿e will be received and the amMI ￿ be measu￿1 reliably. EXPEKDrruRE Liabilities are reco￿$¢￿ as ¢xpenditwe as soott as the￿ is a legal or ¢owtsiEctive obligation committing thc cbarity to that expenditiwe, it is probabl¢ that a transfer of ¢conomic b¢nefits wll be required in se￿eMent and the amount of th¢ obligation can b¢ m¢aAw¢d reliably. EXpmth"t￿ is o¢¢ounre41 for on ￿ a¢¢rual$ b&sis and h&s been classified under b¢ath"og5 that aggrega¢¢ all Cost Tel￿¢￿ to th¢ ¢at¢gory. Where costs caonot b¢ d￿eCtlY attributed to particular headings they have been allocated to activities on a basis c(&sistentwith the ￿ of re50urce5. TANGIBLE FIXED ASSETS tkprxia¢ion is provided at th¢ following annual rn¢s in oth w wlile off ¢a¢h ass¢1 over it5 ¢B(imat¢d ￿efi￿ life. Long leasehold Plant and mxhinery Fixbjres and fJttin8S Motor vtbicles Straight lille over 20 years Strai8bt line ovet 3 years Strai8ht lille over 15 years and Strai8bt line over 10 year5 Straight line over6 yea STOCKS Sto¢ks ar¢ volued at th¢ of cost and y￿11$*ble valu4 8ft¢r making allowatt¢¢ for ob8ol¢t¢ and Slow moving items. TAXATION The tharity is ¢x¢mp¢ from ¢crfp)rnti(rt w on its chwithbk •c¢ivitie& FUND ACCOUNTING Unrestricted funds czn be used in ac¢oTdaw¢ with the dwitable objxtiV¢5 at the discretion of the InLtrs. Rcstrictcd fuD&% czn only bc used for particular restricted puryxjses within the obitcts of the cbarity. Rcstsiction5 arise when 5pccificd by the donor or when fi￿)￿% are rai￿ for particular rc5tricttd puqjoses. Fur*Ler explanation of the Dthre and pwpjse of e￿11 fund i5 iDcluded in the Dote5 to the fmaDeiai ststements. Pagt 13 continued... N•te5 to the Finxndll St*tem¢Dts- conthiu¢d the ytar eudtd 31 M*r¢h 2023 DONATIONS AND LEGACIES 2023 2022 Dotsatiotts 2023 2022 Sale of rnerthandise 54.263 INVESTMENT ]NCOME 2023 2022 Deposii a¢o)unt interest 48 290 2023 2022 945 2 198768 ￿19 RAISING FUNDS 2023 2022 Flw¢lJases Support 5ts {se¢ note 8) Tothls Theatr¢ prodyctioffj8 1931902 Page 14 contitiutiL.. Notes to ibe FiDaDti*J Si*temeTrts- ¢ontlTh4ed for the ytar ended 31 Marth 2023 SUPPORT COSTS Totals 472 485 038 NET INCOMEIIEXPENDITURE) N¢t in¢onwl{¢xpendiDJre) is stared after ¢harginW(¢rtdiiitig): 2023 2022 Audtti)rs' Teiniiiieration Auditors, remuneration foT Dott audit wo Depr￿latioti. ovrned assets 8,000 4,785 15.375 5.696 10. TRUSTEES, REMUNERATION AND BENEFrrs Ther¢ wer¢ no ¢nul¢e3' remun¢ratioo or other beA¢fJts for th¢ yw ¢ndal 31 MaT¢h 2023 for the year end 31 Marcb 2022. TRUSTEES, EXPENSES The￿ were no M￿ree$, exp&w$￿d for the yeaT JI March 2023 noT foT th¢ year ended 31 March 2022. STAFF COSTS 2023 2022 Wa8CS and 5altirics Social security costs Pension ¢A)Sts 258.612 20,959 232,425 19,079 Th¢ aYcra8e uv)DthIy Dumbcr of employc¢s thwiDS the yearwas as fou 2023 2022 AdminÉsiAtive staff No eTDpIoy¢¢s TK¢ived ¢molum¢nts ID excess of £OO.tXKJ. Th¢ avenge number of employees duritig the Y￿ is ca1vJla￿ 00 th¢ b•sis of fvll.iim¢ equival¢DIs. total crnployee bcncfits of £l(KI95312022.. £125279). Pag¢ 15 eontinued... N•tr4 to the Fin1nd￿ St*temtDts- ¢oJtlnwl for the year eDded 31 M*rtb 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2922) Unrestrictrd INCOME AND ENDOwm￿s FROM Ch8ril*ble afdvltles Th¢atre productions 945.219 Other tradin8 activitic5 lllvestDKnt incomc Oth¢r iocorn¢ 17.144 290 Totsl EXPENDITURE ON Raising fiJnds 8.545 Charllablt actfvltlel Theatre productions 1 157267 Totsl 1 165 812 NET INCOMEI(EXPENDITURE) (184.811) RECONCILIATION OF FUNDS Total bjnds biou8bt forward 1.344294 TOTAL FiJNDS CARRIED FORWARD 1 159483 Page 16 inu¢d... for the year eoded 31 M*r¢h 2023 TANGtBLE FIXED ASSETS Fixtwts Long Plant and l¢asehold D)achincry Motor vehicles fillitigs Tots]s COST At l April 2022 Addiliolls Disp)sals 172J84 25.753 16,500 I￿414 1248 25.381 329.932 17.748 At 31 Mard) 2023 107 662 342 899 DEPRECIATION At l April 2022 Charg¢ for year EliMi￿t¢d on disposal 12,929 8,619 16.162 7,134 12.938 9.063 14,806 4,230 56,835 29,046 At 31 March 2023 18 NET BOOK VALUE Al 31 Mzrth 2023 150 836 At 31 March 2022 159 455 STOCKS 2023 2022 Stocks IS. DEBTORS: AMOUNTS FALLllYG DUE wrfHIN OI¥E YEAR 2023 2022 Tnd¢ debtoys Prepayments attd a¢¢Ned iti¢on)e 228,684 72,454 269 676 933 165 342 130 Pag¢ 17 N￿e% to the Finantlal St*tements- continued for the year tndtd 31 Martb 202J 16. 2023 2022 17. CREDITOBS: AMOiTNTS FALLING DUE ITrITHIN ONE YEAR 2023 2022 48.807 7,364 ).688 2.352 455 338 18.449 6.608 34.860 2,679 158882 Social S￿vrIty and other tsxes VAT Other creditors AcCn￿lS and d¢feThed income 221478 IL LEASING AGREEMENTS Minimwn lea￿ payin¢Dts under oonrfanc¢llthle twerntitt8 leas¢s fall as fouows: 2023 2022 Withiti otte year Between one attd five years In more than five yeaT5 SI,￿0 204,￿0 S1,OfX) 204,IK)O 19. Net At 31.3.23 At 1.4.22 iti fuods Unrestrl¢¢ed fullds Gelleral fimd 1.159.483 293 J09 1.452,792 I l59 483 293 309 1452 792 Netmov¢rn¢Dt in furyd& illclud¢d io th¢ aTrKJve as follows: Unrestricted funds Genval fi￿d 2.254212 (1,960.9)3) 293,309 293 509 Page 18 erntinue&.. Notes tts the Fillantial Ststemtnts- eottthiugd for the year ended 31 March 2023 19. C•tnpxrAlivu for movemtnt ID f¥nds Net tnov¢rnent ID fuDds At 31.322 At 1.4.21 UArestrlcted fmttdi Getseraj fund lJ44.294 (184,811) 1.159.483 1 159483 Cowarativc nel movem￿1 in inchthd in the above are as follows.. IncoEDin8 ' Resource5 Movemettt in funds UDrestrftted fund* General fund 981.001 {1.165.812) 1184.811) TOTAL FUNDS 981.(￿11 1.165.812 20. RELATED PARTY DISCLOSURES There w¢tt no rejatrdparty tratisactsolls forthe year ended 31 Marclx 2023. Pag¢ 19