OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-03-31-accounts

Company no. 06161282 Charity no. 1139598

Travaux Sauvages Limited trading as Wildworks Report and Unaudited Financial Statements

31 March 2024

Travaux Sauvages Limited t/a Wildworks

Reference and administrative details

For the year ended 31 March 2024

Company number 06161282
Charity number 1139598
Registered office and Husa
operational address Hall For Cornwall Trust
Back Quay
Truro
TR1 2LL
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Caroline Barnes resigned 2 October 2023
Sudeep Basu resigned 2 October 2023
Frances Branfield
James Chapman appointed 2 October 2023
Michael Martin appointed 2 October 2023
Christopher Morris resigned 26 February 2024
Jane Moss
Gavin Stride resigned 24 November 2023
Julia Webb-Harvey
Ellie Woolman appointed 2 October 2023
Company secretary and Emma Hogg
chief executive officer
Bankers Barclays Bank Triodos Bank
14 King Street Deanery Road
Truro Bristol
TR1 2RB BS1 5AS
Solicitors Spencer West
Longbow House 14-20
Chiswell Street
Islington
EC1Y 4TW
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor, Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Travaux Sauvages Limited t/a Wildworks

Chair's report

For the year ended 31 March 2024

This year has been like no other for Wildworks, making it an exciting time to take the helm for the Board of Trustees. The executive leadership through Emma Hogg and Mydd Pharo pushed the company to seek bigger horizons. In the summer of 2023, Wildworks was successful in its bid for levelling-up funding through the Good Growth campaign in Cornwall.

This has enabled the team to expand in order to realise an ambitious programme of work – We Are Shining - that is benefitting communities throughout Cornwall. The team is now the biggest it has ever been, with five additional posts created, and opportunities for more to come. As Emma commented in our February Board meeting, it’s the team that’s always been needed. It has brought specific attention to Community Engagement, led by Michael White, to Talent Development led by Sarah Waller, and Executive Production thanks to the skills of Nathan Jackson. These were high-quality appointments, proving that the very best in the sector want to work with us.

The preparatory work for the year of We Are Shining projects was the focus in the period that takes us to the year end. I am confident that this will launch a spectacular programme of work through to the Autumn, and hopefully beyond, led by the creative genius of Mydd Pharo. Mydd’s passion for work that is meaningful, community-led, and visually stunning, will shine.

We remain grateful to Arts Council England and to Cornwall County Council for their investment in us, and their ongoing support for the company. Their belief in our work as experimenters and groundbreakers delivering work outside of conventional spaces has enabled us to be braver and reach higher. I am confident that this unprecedented investment will yield a high return in terms of skills, creativity and opportunities for communities in Cornwall and for its artists and theatre makers.

Julia Webb-Harvey - Chair of the Board

2

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Travaux Sauvages Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 24 September 2010. It became a registered charity on 30 December 2010. In the event that the charity is wound up the members agree to contribute an amount not exceeding £1 to the funds of the charity.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Subject to the approval of the members, the trustees may appoint a person who is willing to act to be a trustee. Potential trustees meet the trustees and senior management team prior to their proposal as a trustee. Once appointed, trustees undertake an induction into the workings of the charity including observing operational activity, discussions with staff and reading information such as financial statements and other evaluation documents. The trustees are legally responsible for the overall control and management of the charity.

Changes to the trustee board during the period are shown on page 1.

How we make decisions

As per the funding requirements of being an NPO, the Board of Trustees is a governance board only with no executive decision making. We sign off on strategic development and are the signatories in all contracts. Our role is to monitor the performance of the Executive Team.

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.

The trustees review the financial, operational and business risks that Wildworks faces as part of the on-going management. The risk register identifies risk, the steps taken to mitigate those identified and any further actions required. This is reviewed quarterly.

The most likely risks with the highest impact remain those associated with an ever changing economic and cultural climate. We continue to mitigate these risks with the implementation of a rigorous artistic and producing policy and updated communications strategy.

With the start of the programme of work for We Are Shining , the executive team through the Head of Production, Nathan Jackson, run a separate risk register for this programme. The trustees also review this quarterly.

3

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

Pay and remuneration

This was reviewed in March 2024 between the CEO and the Board, with regard to inflation and budgetary constraints given the level of NPO funding. There is no uplift in our funding until March 2027 when this funding ends.

Organisational structure

----- Start of picture text -----
Board of Trustees
Chief Executive
Artistic Director
Assistant Director
p/t
Community Talent
Head of General Manager Finance Manager
Engagement Development
Production p/t
Producer p/t Producer p/t
Finance Officer
p/t
----- End of picture text -----

Wider networks

We are members of the Independent Theatre Council, Arts Professional and Outdoor Arts.

Related parties

We have no related party relationships. Partner arrangements for We Are Shining exist with Black Voices Cornwall, Cornwall Pride and The National Trust.

Volunteers

As a company Wildworks is drawn to stories that are both epic and intimate, human stories that can touch and resonate with audiences across barriers of language, age and nationality. Wildworks is inspired by the people that we work with - giving voice to individuals and communities alike. We cocreate work with these communities; shaping the projects with their ideas and stories and supporting their involvement as volunteer makers, performers, artists and collaborators.

Public benefit statement

The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit in establishing the charity's activities.

4

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable objectives for which the charity was established are to "advance the arts for the public benefit by the promotion in particular, but not exclusively, of the art of drama".

Wildworks describes itself as an "art led, international theatre company based in Cornwall" founded in 2005 by Bill Mitchell to focus on site-specific arts events. The primary artistic vision is to make landscape theatre - large scale spectacular performances and artworks that grow out of their locations driven by the community that inhabit the site. This profound sense of community is the key tenet of Wildworks' creative output; as a company Wildworks is drawn to stories that are both epic and intimate, human stories that can touch and resonate with audiences across barriers of language, age and nationality. We are inspired by the people that we work with - giving voice to individuals and communities alike.

Strategically, Wildworks seeks to develop relationships with leading national and international producing and creative partners who share our ambitious vision of high-quality landscape and participatory theatre, which often result in ground-breaking and exemplar pieces of theatre.

ACHIEVEMENTS AND PERFORMANCE

As reported in the trustees' report for the year ended 31 March 2023, Wildworks was successful in its application for Cornwall’s allocation of Shared Prosperity Funding from the UK government.

Delays in contracting meant that it was a slow start, but it will still complete in March 2025. This new programme, We Are Shining , celebrates Cornwall’s long traditions of community engagement and large-scale outdoor performance and supports us to deliver a programme for audiences, community participation and training and employment for Cornwall's culture sector.

There are four distinct strands of activity involving a range of local and national partners:

Each strand within the programme will be fastened to places across the length and breadth of Cornwall weaving an intricate web of connectivity that touches both ‘honey pot’ and hidden communities.

5

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

Artistic programme

During the financial year, Wildworks achieved the following milestones in the artistic programme.

July 2023: I am Kevin (Film)

In July, Wildworks premiered I am Kevin (Film) in St Austell. The auditorium was full of volunteer community performers that had taken part in the creation of the live show and their very proud families. The film then continued to screen throughout Cornwall in St Austell, Redruth, Truro, Penzance and Falmouth. Each screening was followed by a Q&A session with the Artistic Director, Mydd Pharo, and other members of the Wildworks team.

All of the team responsible for the capture of I am Kevin were Cornwall based creatives, including a paid internship. By continuing to work with a local team, this project enabled Wildworks to create further local employment, creating training opportunities. In addition, the majority of the team involved in the post-production process were Cornwall based.

Wildworks has created a ‘Behind the scenes – making of' documentary.

I am Kevin Film has been nominated in the ‘Short Drama’ category of The Celtic Film Awards. Awards take place on the 6 June 2024.

August – October 2023: Arthur’s Club

Arthur’s Club is a live, key word signed theatre show for 3 – 9 year olds.

In the summer, Mydd Pharo worked as the director on this small, touring key word signed show for children. It was designed by Wildworks’ associate artist, Ellie Williams.

The show toured through different locations (village halls, libraries, schools, Trebah gardens, the Minack Theatre) and finished its current run at Fia Festival in October.

This small but mighty piece has been so positively received by young and old audiences, no matter what their access needs or learning ability. Each performance has been evaluated after the show receiving mostly 4–5-star feedback from both young ones and their adults.

6

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

Here is some of what has been said:

“The show was brilliant, my grandson was engrossed by it. The stories were fun and just the right length in time. I’m a firm believer that Makaton should be taught in all early years settings!”

“We really enjoyed Arthur’s Club! It was brilliantly structured with great props. My girls (7 and 4 years) really engaged with signing along and loved trying to remember them afterwards. It was a lovely touch with the certificates and stickers at the end. The stories were so thoughtful and had lovely life lessons woven through. I hope it becomes a regular feature!”

- September 2023: UNCOMMON LAND, b side Festival (Portland)

Uncommon Land was ‘An ancient/modern Ritual for Portland’ based on the findings gathered during the workshops and research process in Portland 2022-23. It focused on the biodiversity of the area of land that sits around Portland Bill lighthouse, its history, use and connection with people that inhabit it.

The team worked throughout the community of Portland and more specifically alongside a group of 10 community volunteer artists and non-professional performers and the piece featured recordings and poetry created by local people.

One participant, Pam, was unable to feature in the performance due to medical reasons however was an integral part of the research process in Portland. The team asked Pam to write something for the show, which became the narrative frame on which the performance hung. Pam came to watch the performance and cried and smiled in equal measure.

7

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

The feedback received was positive, and thoughtful:

“To have this on my doorstep was an amazing treat and I just hope we can have more of this. Times are quite tough for a lot of people at the moment and free events like this offer a precious opportunity for everyone to enjoy, share, learn, be inspired, and to think about their world in new and explorative ways. Art and creativity should be woven through life rather than being the first thing to be shelved when finances are difficult.”

“The performance inspired me; made me feel I was sharing time with like-minded people who care about our world and core human values of sharing and protection. As a Portlander the poetry really resonated with me. I totally 'got it’. Thank you so much. It was special and a memory to cherish for a long, long time.”

– September October 2023: RE:WILD: Part of We Are Shining

The team, led by Mydd Pharo, ran four weeks of residential workshops and training at the Trelowarren estate.

8

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

Wildworks team retreat: This brought together Wildworkers old and new to regroup and play.

This process allowed the team to:

REWILD – Autumn School 2023: There were 13 participants for the programme that will connect with the Schools/Talent development programme of We Are Shining. The participants were each at varied stages of their careers and different artforms and approaches to the work.

The programme allowed the team to:

During both strands of RE:WILD 2023, Wildworks worked with 70+ artists and arts/education professionals.

November 2023: HELLO STRANGER!

Community Engagement:

We received 63 applications from Cornwall based artists and shortlisted 20 applicants to join us on the Hello Stranger! training at Trelowarren. This was a paid opportunity where each artist submitted their proposal to go forward to be created as part of the Hello Stranger! programme.

Wildworks worked with the artists to develop their budgets and proposals. The work will run in Spring/Summer 2024 and content will be folded into and re-feature during Stranger Beasts.

9

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

Schools and Education:

Teachers from Looe, Fowey, Newquay (Treviglas) and Bodmin took part in a 2-day creative workshop with a handful of Wildworks artists. This was an opportunity for the teachers to play outside of the restraints of the classroom and begin to develop ideas with Wildworks artists, familiarising them with the Wildworks way of working.

Hello Stranger! will work across eight schools in Cornwall with over 200 children. This phase will run in Spring 2024. In addition, the teachers from the five schools that took part in RE:WILD will be working with Wildworks to create their own performances in Summer 2024.

- March 2024: Brierley Hill Phoenix Project

Mydd Pharo and associate artists Amy Pitt and Vicky Abbott led a 3 day RE:WILD Workshop with Local Brierley Hill artists, introducing Wildworks methodologies with a special focus on community research and pride of place.

This project is being led by Wildworks Associate Artist, Mercedes Kemp (remotely) and Wildworks Associate artist, Amy Pitt (in location). Five local artists have been selected and commissioned to create works with local (Brierley Hill) focused community groups and individuals. This also includes a two-day school activity in one of the local primary schools, whose work will also feature as part of this stage of the project portfolio.

The project activity will take place between March and September with a final sharing event (details to be confirmed) for September 2024 for a local community audience.

10

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

FINANCIAL REVIEW

The 2024 year has seen an increase in turnover from the previous year due to our involvement in the Shared Prosperity Fund, Good Growth project. This fund spread over 2 financial years and ending in March 25 has given the company the opportunity to work with a greater number of artists, schools and communities. It is intended that much of the work produced will have a impact far beyond the end of the project period when the funding levels of the organisation will return to its normal level. The 2025-26 financial year will be one of development, not delivery, and the financial statements for that period will reflect this.

Investment policy and objectives

The trustees have considered the most appropriate policy for investing funds and find that the current arrangement with short term bank deposits meets the requirement to generate a reasonable return on capital whilst maintaining access to funds for operational purposes.

Reserves policy

The charity holds sufficient reserves in its operational fund to cover its obligations should the funding cease and the charity stop trading. Designated reserves are usually held for short term periods to support projects in development or in production. Within the designated funds are the Creative reserves to fund research and development or provide seed funding for potential projects as well as the undesignated General fund. Both funds are reviewed at the end of each financial year and funds moved in and out as required. Restricted funds are usually time sensitive under the terms of the agreements.

Projected reserves totalled £230,990 at the end of 2023/24. This is in line with the unrestricted funds balance of £255,456.

FUTURE PLANS

The team have been eyes down on the huge programme of work for the We Are Shining project, which will run until March 2025. The Culture Grant from Cornwall Council for the period 2022-26, and Arts Council England funding Wildworks as a National Portfolio Organisation (now extended until March 2027) means that we have a solid base to build legacies from the levelling up funding.

The Board and the team of Wildworks are committed to developing a strategy based on the legacy with its passion for talent development as well as creating the highest quality landscape theatre.

Statement of responsibilities of the trustees

The trustees (who are also 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

11

Travaux Sauvages Limited t/a Wildworks

Report of the trustees

For the year ended 31 March 2024

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 6 September 2024 and signed on their behalf by

James Chapman

James Chapman - Trustee

12

Independent examiner's report

To the trustees of

Travaux Sauvages Limited t/a Wildworks

I report to the trustees on my examination of the accounts of Travaux Sauvages Limited t/a Wildworks (the charitable company) for the year ended 31 March 2024, which are set out on pages 14 to 29.

Responsibilities and basis of report

As the trustees of the charitable 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 charitable 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 the charitable company'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 the charitable company’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 (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:

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.

William Guy Blake

Date: 9 September 2024 William Guy Blake ACA Member of the ICAEW For and on behalf of:

Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

13

Travaux Sauvages Limited t/a Wildworks

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2024

Restricted Unrestricted
Note
£
£
Income from:
Donations
3
-
226,345
Charitable activities
4
353,629
62,199
Investments
-
2,511
Total income
353,629
291,055
Expenditure on:
Raising funds
-
34,847
Charitable activities
164,282
223,280
Total expenditure
6
164,282
258,127
Net income / (expenditure)
7
189,347
32,928
Transfers between funds
-
-
Net movement in funds
189,347
32,928
Reconciliation of funds:
Total funds brought forward
-
222,528
Total funds carried forward
189,347
255,456		 2024
2023
Total
Total
£
£
226,345
221,948
415,828
221,693
2,511
629
644,684
444,270
34,847
35,416
387,562
463,153
422,409
498,569
222,275
(54,299)
-
-
222,275
(54,299)
222,528
276,827
444,803
222,528

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 14 to the accounts.

14

Travaux Sauvages Limited t/a Wildworks

Balance sheet

As at 31 March 2024

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
13
Funds
14
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 £
28,613
440,666
469,279
(26,584)		 2024
£
2,108
442,695
444,803
189,347
206,099
49,357
444,803		 2023
£
1,070
108,848
140,927
249,775
(28,317)
221,458
222,528
-
196,099
26,429
222,528

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 6 September 2024 and signed on their behalf by

James Chapman

James Chapman - Trustee

15

Travaux Sauvages Limited t/a Wildworks

Statement of cash flows

For the year ended 31 March 2024

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Net cash provided by / (used in) investing activities
Increase / (decrease) 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		 2024
£
222,275
1,312
(2,511)
80,235
(1,733)
299,578
2,511
(2,350)
161
299,739
140,927
440,666		 2023
£
(54,299)
3,560
(629)
(87,149)
(379)
(138,896)
629
(1,507)
(878)
(139,774)
280,701
140,927

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

16

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies

a) Basis of preparation

Travaux Sauvages Limited t/a Wildworks is a charitable company limited by guarantee registered in England and Wales. The registered office address is Hall for Cornwall, Back Quay, Truro, TR1 2LL.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Travaux Sauvages Limited t/a Wildworks meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The company remains a National Portfolio Organisation for Arts Council England from 2023 - 2027 and is in receipt of Shared Prosperity funding over the next two years to the sum of £995,000. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

d) Interest receivable

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

17

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued)

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis:

ities on the following basis:
2024 2023
Raising funds 8% 7%
Charitable activities 92% 93%

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Plant and machinery 4 years straight line
Office equipment 3 years straight line
Motor vehicles 4 years straight line

Items of equipment are capitalised where the purchase price exceeds £250.

i) Stock

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

j) Debtors

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

k) Cash at bank and in hand

Cash at bank and cash 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.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

18

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued)

m) Financial instruments

The charitable company 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 recognised at amortised cost using the effective interest method.

n) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation, as described in note 1h, and theatre tax relief / film tax relief, as described below.

Theatre Tax Relief / Film Tax Relief

The charity has estimated the credit receivable under Film Tax Relief based on its eligible production expenditure incurred during the period. This amount is £9,405 and is included within income from charitable activities and accrued income at the year end. As this amount is subject to review and approval by HMRC, actual results may differ.

19

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

2. Prior period comparatives: statement of financial activities

Income from:
Donations
Charitable activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
3.
Income from donations
Grants > £10k:
Arts Council England
Cornwall Council
Donations
Total income from donations
Prior period comparative
Grants > £10k:
Arts Council England
Cornwall Council
Donations
Total income from donations
Net income / (expenditure) and
net movement in funds		 Restricted
£
£
365
221,583
54,013
167,680
-
629
54,378
389,892
-
35,416
82,322
380,831
82,322
416,247
(27,944)
(26,355)
Restricted
£
£
-
209,983
-
10,000
-
6,362
-
226,345
Restricted
£
£
-
209,983
-
10,000
365
1,600
365
221,583
Unrestricted
Unrestricted
Unrestricted		 2023
Total
£
221,948
221,693
629
444,270
35,416
463,153
498,569
(54,299)
2024
Total
£
209,983
10,000
6,362
226,345
2023
Total
£
209,983
10,000
1,965
221,948

20

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

4. Income from charitable activities

Cornwall Council - Project Grant
Backstage Trust
Project income
Film tax relief
Total income from charitable activities
Prior period comparative
Arts Council England - Project Grant
Project income
Consultancy
Theatre tax relief
Total income from charitable activities		 Restricted
£
£
353,629
-
-
10,000
-
43,213
-
8,986
353,629
62,199
Restricted
£
£
49,013
-
5,000
71,017
-
350
-
96,313
54,013
167,680
Unrestricted
Unrestricted		 2024
Total
£
353,629
10,000
43,213
8,986
415,828
2023
Total
£
49,013
76,017
350
96,313
221,693

5. Government grants

The charitable company receives government grants, defined as funding from Arts Council England and Cornwall Council to fund charitable activities. The total value of such grants in the period ending 31 March 2024 was £573,612 (2023: £268,996). There are no unfulfilled conditions or contingencies attaching to these grants.

21

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

6. Total expenditure

Total expenditure
Staff costs (note 8)
Creative fees
Production costs
Staff welfare and training
Travel and subsistence
Insurance
Rent and rates
Equipment and maintenance
Marketing
Office costs
IT costs
Motor expenses
Legal and professional
Materials
Subscriptions
Accountancy
Depreciation
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising funds
£
16,756
-
-
-
-
-
-
-
9,604
-
-
-
-
-
-
-
-
26,360
8,487
34,847		 Charitable
activities
£
138,290
107,960
1,717
-
30,613
-
-
9,428
-
-
-
4,732
-
430
-
-
-
293,170
94,392
387,562		 Support and
governance
costs
£
44,073
-
-
3,192
344
6,327
27,246
-
-
11,589
2,318
-
2,139
-
925
3,414
1,312
102,879
(102,879)
-		 2024 Total
£
199,119
107,960
1,717
3,192
30,957
6,327
27,246
9,428
9,604
11,589
2,318
4,732
2,139
430
925
3,414
1,312
422,409
-
422,409

Total governance costs were £3,144 (2023: £3,593).

22

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

6.
Total expenditure (continued)
Prior period comparative
Raising funds
£
Staff costs (note 8)
20,440
Creative fees
-
Production costs
-
Staff welfare and training
-
Travel and subsistence
-
Insurance
-
Rent and rates
-
Equipment and maintenance
-
Marketing
8,023
Office costs
-
IT costs
-
Motor expenses
-
Legal and professional
-
Materials
-
Subscriptions
-
Accountancy
-
Depreciation
-
Sub-total
28,463
6,953
Total expenditure
35,416
Allocation of support and
governance costs		 Charitable
activities
£
95,606
182,285
32,802
-
26,590
-
-
29,788
-
-
-
3,604
-
1,549
-
-
-
372,224
90,929
463,153		 Support and
governance
costs
2023 Total
£
£
35,037
151,083
-
182,285
-
32,802
2,045
2,045
-
26,590
6,181
6,181
26,065
26,065
-
29,788
-
8,023
5,445
5,445
3,155
3,155
-
3,604
12,205
12,205
-
1,549
1,420
1,420
2,769
2,769
3,560
3,560
97,882
498,569
(97,882)
-
-
498,569

23

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

7. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration:
▪Independent examination (excluding VAT)
▪Other services (excluding VAT)		 2024
£
1,312
20,000
Nil
153
2,800
500		 2023
£
3,560
20,000
Nil
893
2,250
350

Board costs amounting to £153 (2023: £893), including the cost of attending trustee meetings for 1 trustee (2023: 2 trustees), were incurred during the year.

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2024
£
182,757
11,609
4,753
199,119		 2023
£
139,440
7,824
3,819
151,083

No employee earned more than £60,000 during the year or prior year.

The key management personnel of the charitable company comprise the Trustees and Chief Executive Officer. The total employee benefits of the key management personnel were £56,558 (2023: £52,759).

Average head count 2024
No.
6.75		 2023
No.
5.75

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

24

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

10. Tangible fixed assets

Cost
At 1 April 2023
Additions in the year
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
11. Debtors
Trade debtors
Accrued income
Prepayments
VAT
Other debtors
12. Creditors: amounts due within 1 year
Trade creditors
Accruals
Deferred income
Other taxation and social security
Other creditors		 Plant &
machinery
£
68,131
-
68,131
67,883
91
67,974
157
248		 Office
equipment
£
8,950
2,350
11,300
8,128
1,221
9,349
1,951
822
2024
£
12,579
9,400
6,190
23
421
28,613
2024
£
3,337
5,368
10,000
6,058
1,821
26,584		 Total
£
77,081
2,350
79,431
76,011
1,312
77,323
2,108
1,070
2023
£
1,478
96,583
5,906
4,460
421
108,848
2023
£
17,034
7,378
-
3,092
813
28,317

25

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

13. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2024
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2023		 Restricted
funds
£
-
189,347
-
189,347
Restricted
funds
£
-
-
-
-		 £
-
206,099
-
206,099
£
-
196,099
-
196,099
Designated
funds
Designated
funds		 General
funds
£
2,108
73,833
(26,584)
49,357
General
funds
£
1,070
53,676
(28,317)
26,429		 Total
funds
£
2,108
469,279
(26,584)
444,803
Total
funds
£
1,070
249,775
(28,317)
222,528

26

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

14. Movements in funds

Restricted funds
Shared Prosperity fund
Total restricted funds
Designated funds:
Operational fund
Bluebird
Creative fund
Website
Wildly Talented
I Am Kevin digital
Portland
Galatea
Backstage Trust
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2023
£
-
-
101,240
57,300
31,858
3,160
2,541
-
-
-
-
196,099
26,429
222,528
222,528		 Income
£
353,629
353,629
-
-
-
-
-
29,136
11,667
6,508
10,000
57,311
233,744
291,055
644,684		 £
(164,282)
(164,282)
-
-
-
-
-
(29,084)
(14,016)
(5,013)
-
(48,113)
(210,014)
(258,127)
(422,409)
Expenditure		 Transfers
between
funds
£
-
-
-
-
-
-
-
(52)
2,349
(1,495)
-
802
(802)
-
-		 At 31
March
2024
£
189,347
189,347
101,240
57,300
31,858
3,160
2,541
-
-
-
10,000
206,099
49,357
255,456
444,803

Transfers between funds

Transfers between funds are to write down designated projects which are now finished.

Purposes of restricted funds

Shared Prosperity fund

The Shared Prosperity fund is restricted and is part of the Cornwall and Isles of Scilly Good Growth Shared Prosperity fund, administered by Cornwall Council. The funding period is from April 2023 to March 2025. There are various activities planned during this period under the SPF umbrella.

27

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

14. Movements in funds (continued)

Purposes of designated funds Operational fund

Fund held to cover costs that would arise in the event that the charity ceased to operate, including costs of staff severance and redundancy, onerous lease payments, payment of creditors and other costs incurred in relation to the winding up of the charity.

Bluebird

The show Bluebird was originally scheduled for 2020, however, this was one of the many casualties of the Covid 19 pandemic. It has been designed as an intimate indoor show and therefore was not feasible with Covid restrictions in place.

Creative fund

Fund held for future creative development costs.

Website

Ongoing redesign of the website.

Wildly Talented

A fund to support cultural interns and developing artists.

I Am Kevin digital

A digital version of the live theatre show that took place in August 2022. The film was released in 2023 and had some success at the Celtic Film Festival Awards in London this year. The film was shown in cinemas around Cornwall. There are plans for it to be available as a download in the future.

Portland

A community project working with b-side festival located on Portland Bill.

Galatea

Commissioned by Brighton Festival for its World Premiere, this ambitious, outdoor production is a major collaboration between Wildworks, award-winning queer theatre maker, Emma Frankland; LGBTQIA+ culture catalysts, Marlborough Productions and leading theatre historian, Andy Kesson.

Backstage Trust

Funds to support the community work as part of the SPF project.

28

Travaux Sauvages Limited t/a Wildworks

Notes to the financial statements

For the year ended 31 March 2024

14. Movements in funds (continued)

Prior period comparative

Prior period comparative
Restricted funds
I am Kevin Production
Jerwood bursary
Total restricted funds
Designated funds:
Operational fund
Bluebird
Creative fund
Store move fund
I am Kevin Production
Galatea - production fund
Website
Wildly Talented
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2022
£
27,944
-
27,944
87,240
57,300
31,858
14,000
6,782
6,000
3,910
2,541
209,631
39,252
248,883
276,827		 Income
£
54,013
365
54,378
-
-
-
-
155,491
-
-
-
155,491
234,401
389,892
444,270		 £
(81,957)
(365)
(82,322)
-
-
-
-
(162,273)
(1,448)
(750)
-
(164,471)
(251,776)
(416,247)
(498,569)
Expenditure		 £
-
-
-
14,000
-
-
(14,000)
-
(4,552)
-
-
(4,552)
4,552
-
-
Transfers
between
funds		 At 31
March
2023
£
-
-
-
101,240
57,300
31,858
-
-
-
3,160
2,541
196,099
26,429
222,528
222,528

15. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2024
£
20,000
40,000
60,000		 2023
£
20,000
-
20,000

16. Related party transactions

There were no related party transactions in the current or prior year.

29