**REGISTERED COMPANY NUMBER: 07193792 (England and Wales) REGISTERED CHARITY NUMBER: 1136157**
## **Bamboozle Theatre Company Limited**
**Report of the Trustees and**
**Financial Statements for the Year Ended 31 March 2022**
**Bamboozle Theatre Company Limited**
## **Contents of the Financial Statements for the Year Ended 31 March 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Statement of Financial Position**|8|to|9|
|**Statement of Cash Flows**||10||
|**Notes to the Financial Statements**|11|to|21|
**Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Report of the Trustees for the Year Ended 31 March 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity aims to advance the education of students with emotional, behavioural or other learning difficulties. The aim is to also educate and assist the parents, carers and teachers of those students as well as the general public. The trustees have had due regard to guidance published by the Charity Commission on public benefit.
We aim to empower all learning disabled children and young people through creative interaction. It is our mission to offer learning disabled children and young people, along with their families and carers, innovative opportunities to interact meaningfully with the world and to confound expectations of what disabled children can achieve.
We deliver our aim through three strands of activity:
## **Education and Learning**
Bamboozle provides creative and innovative learning experiences for children with special needs and shares its pioneering methodology with teachers and educators through training and research projects.
## **Families and Community**
Bamboozle produces transformative multi-sensory experiences for learning disabled children and their whole families and finds ways to engage those that are hardest to reach.
## **Theatre and Touring**
Bamboozle takes high quality, interactive and immersive performances into theatres and special schools in order to reach, engage and entertain all children no matter what their learning disability.
All activities aim to leave a legacy beyond the time our beneficiaries spend with Bamboozle.
Page 1
**Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **OBJECTIVES AND ACTIVITIES Significant activities**
## **Theatre and Touring**
After the enforced break of the COVID-19 pandemic, 2021/22 gave us our first opportunity to take our shows out on Tour. Necessitated by the social distancing requirements, we developed a new format of show with Firebird, which was designed from the start to make the most of the situation in a positive way. The show, which toured schools in the summer, allowed the children to remain in the classroom in the social bubbles, while the performance happened outside the classroom window and used the window itself as an interactive medium and part of the show. Acts I and II were performed in this way, while the third act - featuring an impressive 3-operator phoenix puppet with a 12' wingspan - was performed in school fields or playground areas enabling the audience to leave the classroom and enjoy the performance at a still-appropriate distance. Firebird was also the focus of our Showcase at Curve Theatre which culminated in the large puppet being performed outside the theatre under the Christmas Lights - quite the show-stopper!
We also continued to tour our Down To Earth Show, which had been reworked as an outdoor performance, to schools as well as to Imaginate Festival and Hullabaloo Theatre, and also as part of our offering to families.
## **Families**
Building on the successes of developing new content that was suitable for the limitations imposed by the pandemic, our Families offering was mostly based around outdoor activities. The Backyard sessions proved to be hugely popular with the young people and the adults alike, with almost all families attending more than one session, introducing us to new families and even enabling parents to create support networks with other parents. Backyard also allowed us to support our freelancers - due to its nature there is an opportunity to use a "revolving door" of performers and characters - we utilised 14 freelancers in total on the delivery alone, as opposed to a touring show.
The summer gave us the opportunity to take the Backyard idea to Timber Festival along with Down To Earth. Being at Timber allowed those visitors with LD young people to have something accessible and suitable and the provision to us of free tickets from the organisers meant that some of our families were able to attend a mainstream festival where otherwise the cost would have been prohibited. It was felt that this was a very successful first attempt at performing in this kind of space, as well as valuable lessons learnt which we can incorporate next year. And continuing the theme, we took Down To Earth to our family day at Belgrave Hall.
Other family activities during the year included the continuation of Front Of House performances, online Sing-A-Song concerts, and an online Christmas Concert.
Finally, in February, we performed our first indoor show since the start of the pandemic - a brand new show entitled River of Baada which was developed for PMLD audiences.
## **Education and Learning**
After having had all of our in-person training put on hold by the pandemic, Bamboozle were able to restart the culture change project at Lady Zia Wernher school in Luton towards the end of the year, as well as delivering a summer school at Priory Woods and a summer residency at Lakeside School. We also ran Masterclass sessions in January which was well attended by staff from organisations we have previously worked with and delivered online training sessions for the team in Cairo.
## **Fundraising and Grants**
Although the reduced opportunities for fundraising events continued to show reduced income, we were fortunate in that we have a strong level of support from standing orders, as well as being granted an extension year as an ACE NPO organisation. There were fewer large grants available as many of the funding sources had been diverted to supporting organisations during the early stages of the pandemic; however these were offset by securing offers to perform at 2 international festivals in 2022/23 as well as receiving a grant from the British Council to co-develop a new show with a partner organisation based in Egypt.
## **Volunteers**
The trustees recognise and appreciate the value of in-kind support offered by volunteers in respect of the administration of the charity and in the delivery of our charitable activities.
Page 2
**Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **FINANCIAL REVIEW**
## **Financial position**
The total income for the year was £605,487 (2021: £406,843) which, after deducting expenditure of £402,962 (2021: £264,610) resulted in net income of £202,525 (2021: £142,233).
At 31 March 2022 the charity had total reserves of £618,027 (2021: £415,502). £26,437 (2021: £30,965) of this is held in restricted funds.
## **Reserves policy**
In 2022/23 Bamboozle will need to re-apply to Arts Council England for NPO funding once our extension year is complete. To protect the organisation against uncertainty, our Board Of Trustees approved a change to our reserves policy so that it would be set at a level that would cover all of our operational costs for 6 months as well as the cost of delivering on pre-planned activities and allow us a cushion to find a new funding model should we no longer have the Arts Council England funding to cover our core operations.
After deducting the value of fixed assets of £8,325, the level of unrestricted funds as at 31 March 2022 was £583,265 which exceeds the level in the reserves policy. The trustees will be reviewing upcoming performance costs and their delivery to bring the reserves into line with the policy.
## **FUTURE PLANS**
Significant plans for 2022/23 include:
- 2 international tours - 1 to Sweden and 1 to The Netherlands
- Continuation of the Backyard programme and possible expansion into other locations
- 2 Domestic schools tours - Rain Rain which was previously cancelled back in 2020 and Firebird
- Online co-development collaboration project with ACFA in Egypt
- Development of a new PMLD show (funded by reserves bolstered by grants in the previous year)
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing documents, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Trustees**
The trustees include representatives from our key beneficiary groups alongside business and community representation.
Collectively the trustees cover a broad skill set and knowledge base. When recruiting new members, the gaps in this skill set are identified and candidates nominated who can bring the requisite skills. In the first instance personal invitations are made to potential trustees; where this is unsuccessful the opportunity is openly advertised.
Candidates are asked to observe a Board meeting, and to make a short presentation of their interest in becoming a trustee. The existing trustees will then then take a vote to confirm or reject the candidate.
The induction process for new trustees consists primarily of a meeting with the Artistic Executive.
Training for all trustees takes place at Development Days. More specific training needs are addressed through an allocation of time at Board meetings, by participating in Bamboozle's own training courses or through external courses when necessary.
An indemnity insurance policy is maintained by the charity for the benefit of all trustees acting in that capacity.
## **Organisational structure**
The Board of Trustees meet quarterly with the Artistic Executive where the operations of the Charity are reviewed and appropriate actions are agreed.
Page 3
**Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Report of the Trustees for the Year Ended 31 March 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
07193792 (England and Wales)
## **Registered Charity number**
1136157
## **Registered office**
Unit 10 St Marys Works 115 Burnmoor Street Leicester Leicestershire LE2 7JL
## **Trustees**
Corinne Galloway James Harris James Hartshorne Iona Mayo (Chair) Sandra Pollock Gary Toward (resigned 30.6.21) Chris White
**Patron** Bella Ramsey
**Artistic Executive** Christopher Davies
## **Independent Examiner**
torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
## **Bankers**
Barclays Bank plc Leicester Town Hall Square Branch 1-3 Haymarket Towers Humberstone Gate Leicester LE1 1WA
Page 4
**Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Report of the Trustees**
## **for the Year Ended 31 March 2022**
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23 December 2022 and signed on its behalf by:
Iona Mayo - Trustee
Page 5
## **Independent Examiner's Report to the Trustees of Bamboozle Theatre Company Limited**
**Independent examiner's report to the trustees of Bamboozle Theatre Company Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company 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.
Tommie Simpson torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
23 December 2022
Page 6
## **Bamboozle Theatre Company Limited**
## **Statement of Financial Activities**
## **(Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
504,088
**Charitable activities**
Education and Learning
118
Families and Community
500
Theatre and Touring Shows
61,970
Other trading activities
3
125
Investment income
4
18,326
Other income
6
-
**Total**
585,127
**EXPENDITURE ON**
Raising funds
7
1,455
**Charitable activities**
8
Education and Learning
59,863
Families and Community
116,752
Theatre and Touring Shows
200,004
Other
-
**Total**
378,074
**NET INCOME/(EXPENDITURE)**
207,053
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
As previously reported
384,537
Prior year adjustment
14
-
**As restated**
384,537
**TOTAL FUNDS CARRIED FORWARD**
591,590|Restricted
funds
£
20,360
-
-
-
-
-
-
20,360
353
130
23,972
433
-
24,888
(4,528)
16,674
14,291
30,965
26,437|31.3.22
31.3.21
Total
Total
funds
funds
as restated
£
£
524,448
277,689
118
701
500
35,045
61,970
2,650
125
232
18,326
17,093
-
73,433
605,487
406,843
1,808
6,308
59,993
2,180
140,724
172,679
200,437
18,100
-
65,343
402,962
264,610
202,525
142,233
401,211
273,269
14,291
-
415,502
273,269
618,027
415,502|31.3.22
31.3.21
Total
Total
funds
funds
as restated
£
£
524,448
277,689
118
701
500
35,045
61,970
2,650
125
232
18,326
17,093
-
73,433
605,487
406,843
1,808
6,308
59,993
2,180
140,724
172,679
200,437
18,100
-
65,343
402,962
264,610
202,525
142,233
401,211
273,269
14,291
-
415,502
273,269
618,027
415,502|
|---|---|---|---|
||||406,843|
||||6,308
2,180
172,679
18,100
65,343|
||||264,610|
||||142,233
273,269
-|
||||273,269|
||||415,502|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
## **Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Statement of Financial Position**
## **31 March 2022**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
15
8,325
**CURRENT ASSETS**
Debtors
16
254,704
Cash at bank and in hand
375,838
630,542
**CREDITORS**
Amounts falling due within one year
17
(47,277)
**NET CURRENT ASSETS**
583,265
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
591,590
**NET ASSETS**
591,590
**FUNDS**
19
Unrestricted funds
Restricted funds:
Family Focus fund
ACE Bamboozle Outdoor Project
Family Fund - Autism Spectrum Disorder
Family Focus - Leicestershire
Family Focus - Nottingham
Backyard Project
**TOTAL FUNDS**|Restricted
funds
£
-
-
26,437
26,437
-
26,437
26,437
26,437|31.3.22
31.3.21
Total
Total
funds
funds
as restated
£
£
8,325
2,689
254,704
31,254
402,275
419,874
656,979
451,128
(47,277)
(38,315)
609,702
412,813
618,027
415,502
618,027
415,502
591,590
384,537
9,070
9,070
8,425
28,313
1,692
1,692
-
(8,110)
3,750
-
3,500
-
26,437
30,965
618,027
415,502|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 8
continued...
## **Bamboozle Theatre Company Limited (Registered number: 07193792)**
## **Statement of Financial Position - continued 31 March 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 December 2022 and were signed on its behalf by:
Iona Mayo - Trustee
The notes form part of these financial statements
Page 9
## **Bamboozle Theatre Company Limited**
## **Statement of Cash Flows**
## **for the Year Ended 31 March 2022**
|Notes
**Cash flows from operating activities**
Cash generated from operations
21
Theatre Tax Credit received
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
22
**Cash and cash equivalents at the end**
**of the reporting period**
22|31.3.22
£
(399)
-
(399)
(9,240)
150
(9,090)
(9,489)
411,764
402,275|31.3.21
as
restated
£
83,798
27,259|
|---|---|---|
|||111,057|
|||-
-|
|||-|
||||
|||111,057
300,707|
|||411,764|
The notes form part of these financial statements
Page 10
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Company status**
The charity is a private company, limited by guarantee, registered in England and Wales. The members of the company are the trustees named in the Report of the Trustees. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member. This potential liability is not extinguished until 12 months have elapsed from membership ceasing.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Where practical, donated goods and services are valued and included in income, with the equivalent amount included in expenditure in accordance with the policy below.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
Costs are apportioned between activities based on an estimate of management time spent.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Theatre equipment - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Computer equipment - 33% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 11
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2022**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Debtors**
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective rate of interest method, less any impairment.
## **Creditors**
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
## **Going concern**
After reviewing the charity's forecasts and projections, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements.
## **Government grants**
Government grants receivable are recognised in accordance with the performance model.
## **2. DONATIONS AND LEGACIES**
|Donations
Gift Aid
Grants
Grants received, included in the above, are as follows:
Arts Council England
Nottinghamshire County Council
Leicestershire County Council
Garfield Weston Foundation
D'Oyly Carte Charitable Trust
British Council|31.3.22
£
15,225
3,186
506,037
524,448
31.3.22
£
434,458
3,750
13,110
-
3,500
51,219
506,037|31.3.21
as
restated
£
24,656
5,062
247,971|
|---|---|---|
|||277,689|
|||31.3.21
as
restated
£
217,971
-
-
30,000
-
-|
|||247,971|
Governments grants of £16,860 were received during the year to provide services to children and families living within particular counties. No performance related conditions were attached to the grants.
Page 12
continued...
## **Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **3. OTHER TRADING ACTIVITIES**
|Sale of merchandise
**4.**
**INVESTMENT INCOME**
Studio rents
Deposit account interest
**5.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Service user contributions
Education and Learning
Grants
Families and Community
Service user contributions
Families and Community
Service user contributions
Theatre and Touring Shows
Income
Grants received, included in the above, are as follows:
Arts Council England
National Lottery
Nottinghamshire County Council
BBC Children in Need|31.3.22
31.3.21
as
restated
£
£
125
232
31.3.22
31.3.21
as
restated
£
£
18,176
17,093
150
-
18,326
17,093
31.3.22
31.3.21
as
restated
£
£
118
701
-
34,045
500
1,000
61,970
2,650
62,588
38,396
31.3.22
31.3.21
as
restated
£
£
-
14,772
-
9,300
-
5,000
-
4,973
-
34,045|31.3.22
31.3.21
as
restated
£
£
125
232
31.3.22
31.3.21
as
restated
£
£
18,176
17,093
150
-
18,326
17,093
31.3.22
31.3.21
as
restated
£
£
118
701
-
34,045
500
1,000
61,970
2,650
62,588
38,396
31.3.22
31.3.21
as
restated
£
£
-
14,772
-
9,300
-
5,000
-
4,973
-
34,045|
|---|---|---|
|||34,045|
Page 13
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **6. OTHER INCOME**
|**OTHER INCOME**|||
|---|---|---|
|Theatre Tax Credit
Covid-19 Grants|31.3.22
31.3.21
as
restated
£
£
-
27,259
-
46,174
-
73,433||
|||73,433|
Grants received in relation to Covid-19 support have been included within Other Income rather than Income from Charitable activities as these were available to support many businesses during the pandemic and do not relate to the activities provided by the Charity.
## **7. RAISING FUNDS**
## **Other trading activities**
|**Other trading activities**|||
|---|---|---|
||31.3.22|31.3.21|
|||as|
|||restated|
||£|£|
|Purchase of merchandise (adjusted for stocks)|-|15|
|Fundraising events|155|1,705|
|Project management|1,653|4,588|
||1,808|6,308|
## **8. CHARITABLE ACTIVITIES COSTS**
|Education and Learning
Families and Community
Theatre and Touring Shows
**SUPPORT COSTS**
Education and Learning
Families and Community
Theatre and Touring
Shows|Office
£
35,914
83,804
119,721
239,439|Support
Direct
costs (see
Costs
note 9)
£
£
19,793
40,200
46,919
93,805
66,430
134,007
133,142
268,012
Finance
Management
Governance
£
£
£
30
1,416
2,840
67
3,304
6,630
96
4,720
9,470
193
9,440
18,940|Totals
£
59,993
140,724
200,437|
|---|---|---|---|
||||401,154|
||||Totals
£
40,200
93,805
134,007|
||||268,012|
## **9. SUPPORT COSTS**
Page 14
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **9. SUPPORT COSTS - continued**
|Activity|Basis of allocation|
|---|---|
|Office|Non-directly attributable costs - split on the basis of management time|
|Finance|Non-directly attributable costs - split on the basis of management time|
|Information technology|Non-directly attributable costs - split on the basis of management time|
|Management|Non-directly attributable costs - split on the basis of management time|
|Governance|Non-directly attributable costs - split on the basis of management time|
The proportion of management time allocated to each charitable activity has been estimated as:
||**31.3.22**|**31.3.21**|
|---|---|---|
|Education and Learning|15%|1%|
|Families and Community|35%|64%|
|Theatre and Touring Shows|50%|5%|
|Other resources expended|0%|30%|
Other resources expended represents costs attributable to responding to the Covid-19 pandemic throughout the year.
## **10. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.3.22|31.3.21|
|---|---|---|
|||as|
|||restated|
||£|£|
|Independent Examiner's Fees - External scrutiny|1,270|950|
|Independent Examiner's Fees - Other services|1,550|1,150|
|Depreciation - owned assets|3,604|1,411|
|Property rent|16,770|15,600|
## **11. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
## **12. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|31.3.22
£
178,254
11,460
4,031
193,745|31.3.21
as
restated
£
156,789
9,819
3,476|
|---|---|---|
|||170,084|
Page 15
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **12. STAFF COSTS - continued**
## **Remuneration of key management personnel**
Key management personnel are deemed to be those having authority and responsibility, delegated to them by the trustees for planning, directly and controlling the activities of the charity. The key management personnel of the charity comprise the executives and senior employees. The total benefits paid to key management personnel of the charity amounted to £108,376 (2021 - £87,272).
The average monthly number of employees during the year was as follows:
|Administration
Project delivery|31.3.22
31.3.21
as
restated
3
3
6
4
9
7|
|---|---|
No employees received emoluments in excess of £60,000.
## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
263,398
**Charitable activities**
Education and Learning
701
Families and Community
1,000
Theatre and Touring Shows
2,650
Other trading activities
232
Investment income
17,093
Other income
73,433
**Total**
358,507
**EXPENDITURE ON**
Raising funds
4,723
**Charitable activities**
Education and Learning
2,172
Families and Community
141,548
Theatre and Touring Shows
18,063
Other
65,117
**Total**
231,623
**NET INCOME**
126,884
**RECONCILIATION OF FUNDS**
Total funds brought forward
257,654|Restricted
Total
funds
funds
as restated
£
£
14,291
277,689
-
701
34,045
35,045
-
2,650
-
232
-
17,093
-
73,433
48,336
406,843
1,585
6,308
8
2,180
31,131
172,679
37
18,100
226
65,343
32,987
264,610
15,349
142,233
15,615
273,269|Restricted
Total
funds
funds
as restated
£
£
14,291
277,689
-
701
34,045
35,045
-
2,650
-
232
-
17,093
-
73,433
48,336
406,843
1,585
6,308
8
2,180
31,131
172,679
37
18,100
226
65,343
32,987
264,610
15,349
142,233
15,615
273,269|
|---|---|---|
|||406,843|
|||6,308
2,180
172,679
18,100
65,343|
|||264,610|
|||142,233
273,269|
Page 16
continued...
## **Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
|Unrestricted
fund
£
**TOTAL FUNDS CARRIED FORWARD**
384,538|Restricted
Total
funds
funds
as restated
£
£
30,964
415,502|Restricted
Total
funds
funds
as restated
£
£
30,964
415,502|
|---|---|---|
|||415,502|
## **14. PRIOR YEAR ADJUSTMENT**
Grant income of £14,291 was awarded during the year ended 31 March 2021 but wasn't reflected in the financial statements. The income met the conditions for recognition as at 31 March 2021 so should have been included in the Statement of Financial Activities along with a grant debtor as it had not been received at the year end. The prior year adjustment to correct this has increased reserves as at 31 March 2021 by £14,291.
## **15. TANGIBLE FIXED ASSETS**
|Fixtures
Theatre
and
equipment
fittings
£
£
**COST**
At 1 April 2021
4,183
1,037
Additions
2,329
276
At 31 March 2022
6,512
1,313
**DEPRECIATION**
At 1 April 2021
2,269
722
Charge for year
849
118
At 31 March 2022
3,118
840
**NET BOOK VALUE**
At 31 March 2022
3,394
473
At 31 March 2021
1,914
315
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Debtors
Other debtors
Prepayments and accrued income|Computer
equipment
£
3,161
6,635
9,796
2,701
2,637
5,338
4,458
460
31.3.22
£
30,129
2,468
222,107
254,704|Totals
£
8,381
9,240
17,621
5,692
3,604
9,296
8,325
2,689
31.3.21
as
restated
£
10,800
3,912
16,542|Totals
£
8,381
9,240|
|---|---|---|---|
|||31,254||
## **16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Page 17
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Bank loans and overdrafts (see note 18)
Creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Rental deposits held|31.3.22
31.3.21
as
restated
£
£
-
8,110
3,570
3,573
4,770
2,432
2,106
1,417
33,326
19,278
3,505
3,505
47,277
38,315|31.3.22
31.3.21
as
restated
£
£
-
8,110
3,570
3,573
4,770
2,432
2,106
1,417
33,326
19,278
3,505
3,505
47,277
38,315|
|---|---|---|
|||38,315|
Included in accruals and deferred income is deferred income of £30,718 (2021 - £17,780) which consists of amounts invoiced in advance for events and services taking place after the year. Of the £17,780 as at 31 March 2021, £7,780 has been released and recognised as income during the year to reflect that these services have now been provided. An additional £20,718 of invoices were raised which required deferment as at 31 March 2022.
## **18. LOANS**
An analysis of the maturity of loans is given below:
||31.3.22|31.3.21|
|---|---|---|
|||as|
|||restated|
||£|£|
|Amounts falling due within one year on demand:|||
|Bank overdrafts|-|8,110|
The Bank overdraft balance represents the shortfall on the Family Focus for Leicestershire restricted fund.
## **19. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**|||||
|---|---|---|---|---|
|**Unrestricted funds**
General fund
**Restricted funds**
Family Focus fund
ACE Bamboozle Outdoor Project
Family Fund - Autism Spectrum
Disorder
Family Focus - Leicestershire
Family Focus - Nottingham
Backyard Project
**TOTAL FUNDS**|At 1.4.21
£
384,537
9,070
14,022
1,692
(8,110)
-
-
16,674
401,211|Prior
year
adjustment
£
-
-
14,291
-
-
-
-
14,291
14,291|Net
movement
in funds
£
207,053
-
(19,888)
-
8,110
3,750
3,500
(4,528)
202,525|At
31.3.22
£
591,590
9,070
8,425
1,692
-
3,750
3,500|
|||||26,437|
|||||618,027|
Page 18
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **19. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
ACE Bamboozle Outdoor Project
Family Focus - Leicestershire
Family Focus - Nottingham
Backyard Project
**TOTAL FUNDS**|Incoming
resources
£
585,127
-
13,110
3,750
3,500
20,360
605,487|Resources
Movement
expended
in funds
£
£
(378,074)
207,053
(19,888)
(19,888)
(5,000)
8,110
-
3,750
-
3,500
(24,888)
(4,528)
(402,962)
202,525|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Family Focus fund
ACE Bamboozle Outdoor Project
Family Fund - Autism Spectrum
Disorder
Family Focus - Leicestershire
**TOTAL FUNDS**|At 1.4.20
£
257,654
15,615
-
-
-
15,615
273,269|Net
movement
in funds
£
126,883
(6,545)
28,313
1,692
(8,110)
15,350
142,233|At
31.3.21
£
384,537
9,070
28,313
1,692
(8,110)
30,965
415,502|
|---|---|---|---|
Page 19
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **19. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|358,507|(231,624)|126,883|
|**Restricted funds**||||
|Family Focus fund|14,300|(20,845)|(6,545)|
|ACE Bamboozle Outdoor Project|29,063|(750)|28,313|
|Family Fund - Autism Spectrum||||
|Disorder|4,973|(3,281)|1,692|
|Family Focus - Leicestershire|-|(8,110)|(8,110)|
||48,336|(32,986)|15,350|
|**TOTAL FUNDS**|406,843|(264,610)|142,233|
## **Family Focus fund**
The Family Focus fund was set up to raise money towards the ongoing work of providing creative activities to children with Profound and Multiple Learning Disabilities (PMLD).
The brought forward balance of the fund as at 1 April 2021 of £9,070 remains unspent as at 31 March 2022.
## **Family Focus Leicestershire Fund**
This fund is an extension to the 'Family Focus Fund' above where income is further restricted to children with severe disabilities and who have a Leicestershire postcode.
A grant of £8,110 was received during the year to cover the shortfall brought forward as at 1 April 2021. A further grant of £5,000 was awarded which was fully expended during the year.
## **Family Focus Autism Spectrum Disorder**
This fund is an extension to the 'Family Focus Fund' above where grant funding has been received towards developing creative activities for children with Autism Spectrum Disorders.
The brought forward balance of the fund as at 1 April 2021 of £1,692 remains unspent as at 31 March 2022.
## **Ace Bamboozle Outdoor Project**
An application for funding was submitted to help towards costs of re-making the outdoor projects, Down to Earth and Bamboozle Back Yard.
A grant of £29,063 was awarded during the year ended 31 March 2021. £750 of expenditure was incurred by 31 March 2021 and a further £19,888 was incurred by 31 March 2022 leaving £8,425 unexpended.
Page 20
continued...
**Bamboozle Theatre Company Limited**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022**
## **20. RELATED PARTY DISCLOSURES**
During the year ended 31 March 2022, unconditional donations were received from trustees or other related parties totalling £1,404 (2021 - £1,192).
## **21. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Theatre Tax Credit receivable
Increase in debtors
Increase/(decrease) in creditors
**Net cash (used in)/provided by operations**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one
year
Total cash and cash equivalents|31.3.22
£
202,525
3,604
(150)
-
(223,450)
17,072
(399)
31.3.22
£
36
402,239
-
402,275|31.3.21
as
restated
£
142,233
1,411
-
(27,259)
(14,687)
(17,900)|
|---|---|---|
|||83,798|
|||31.3.21
as
restated
£
36
419,838
(8,110)|
|||411,764|
## **22. ANALYSIS OF CASH AND CASH EQUIVALENTS**
## **23.. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.4.21|Cash flow|At 31.3.22|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|419,874|(17,599)|402,275|
|Bank overdraft|(8,110)|8,110|-|
||411,764|(9,489)|402,275|
|**Total**|411,764|(9,489)|402,275|
Page 21