**SHAPESHIFTER PRODUCTIONS LTD (A company limited by guarantee)**
## **REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
- www.shapeshifter productions.com
Company number: 06142524 Charity number: 1141763
1
## **SHAPESHIFTER PRODUCTIONS LTD**
## **Contents**
||**Page**|
|---|---|
|Charity Information|3|
|Directors' and Trustees' Report|4 to 9|
|Report of the Independent Examiner|10|
|Statement of Financial Activities|11|
|Balance sheet|12|
|Notes to the Financial Statements|13 to 15|
2
## **SHAPESHIFTER PRODUCTIONS LTD**
## **Charity Information**
|Board of Trustees|Mrs Joanna Nolan (Chair)|
|---|---|
||Ms Alison Jones|
||Mr Mark Kendrick|
||Ms Milica Milosevic|
||Mr David Payne|
||Mrs Lorraine Cox|
||Ms Mandy Worster|
|Artistic Director|Alison Jones|
|Company number:|06142524|
|Charity number:|1141763|
|Registered Office:|11 Batten House,|
||The Drive|
||London|
||E17 3BX|
|Website|www.shapeshifter-productions.com|
|Independent Examiner:|Misbahul Karim FCCA|
||MMK Chartered Certified Accountants|
||37thFloor, One Canada Square|
||Canary Wharf|
||London|
||E14 5AA|
|Bankers:|Santander|
||PO Box 10102|
||21 Prescot Street|
||London|
||E1 8TN|
3
## **SHAPESHIFTER PRODUCTIONS LTD TRUSTEES' ANNUAL REPORT**
## **For the year ended 31 March 2022**
The directors, who are the Trustees of the charitable company for the purposes of charity law, present their annual report and financial statements of Shapeshifter Productions Ltd for the year ended 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charitable company's governing document, the Companies Act 2006, and charities regulations. Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2015), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014 (FRS102).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Shapeshifter Productions Limited is a company limited by guarantee, registered with Companies House on 7 March 2007, and registered as a charity with the Charity Commission in England and Wales on 6 May 2011. The Charity is governed by its Memorandum and Articles of Association as amended by special resolution registered at Companies House on 12 April 2010.
The governance of the charity is the responsibility of the Trustees. Day to day management is by the Artistic Director and the General Manager.
## **Recruitment and Appointment of Trustees**
When it is necessary to appoint new Trustees, due to either a Trustee stepping down or a gap of expertise in the Board is identified, recruitment will initially begin by an open call and through the networks of the Board and management team. Applicants will be reviewed by the Trustees and successful applicants will be invited to attend a Trustee meeting. Following this, on the provision that the Board are satisfied and the applicant still wishes to join the Trustee Board, they will be appointed.
No other person or external body is entitled to appoint any Trustees of the charity.
## **Induction and training of Trustees**
The charity provides new Trustees with an induction pack and mentoring from existing Trustees. New Trustees are also strongly encouraged to meet with current Board members and the Artistic Director and General Manager, over the initial few months in order to gain a full and unbiased understanding of the charity.
## **Trustees**
The directors of the company are its Trustees for the purpose of the Charity Law and are referred to collectively as Trustees in this report.
The Trustees serving during the year and since the year-end were as follows: Ms Lorraine Cox
Ms Joanna Nolan (Chair)
Ms Alison Jones
Mr Mark Kendrick Ms Milica Milosevic
Mr David Payne (Treasurer) – stepping down from 21[st] April 2022
Ms Mandy Worcester
4
## **Related party relationships**
The Charity has considered the disclosure requirements of the SORP for related party relationships and believes that there are no related party relationships other than the Trustees and their close connections. All related party transactions have been reported in the Notes to the financial statements.
## **Risk management**
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Remuneration of key management personnel**
Alison Jones provides her time as Trustee on a voluntary basis. However, in accordance with the charity’s governing document, she may invoice for her Creative work, as Artistic Director and musician. Alison is a member of the Musicians’ Union, and all professional creative fees are guided by the Musician's Union rates.
## **Purposes and aims**
As set out in the governing document, the object of the charity is to advance the arts for the public benefit by the promotion in particular, but not exclusively, of the arts of drama and music.
## **Principal activities of the charity**
The charity's main activities are undertaken to further Shapeshifter Productions’ charitable purposes for the public benefit. These are primarily funding dependent, focusing on delivering original, highquality projects that actively engage communities in high quality arts activities while enhancing confidence, wellbeing, self-esteem and reducing isolation.
In this financial year, whereby the pandemic continued to disrupt face to face activities, Shapeshifter Productions started delivering live singing sessions in September 2021, as care homes/sheltered schemes were cautiously opening their doors. We also continued to produce content for and promote our video ‘jukebox’ of songs through our app: smilingsessions.com or viewed on: https://youtube.com/shapeshifterProductions
## **ACHIEVEMENTS AND PERFORMANCE: REVIEW OF ACTIVITIES FOR THE YEAR**
## **Public benefit**
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.
## **Review of activities**
The year focused on:
- the continuation of our singing digital project, video songs that can be streamed or downloaded using our specially developed web/ app: www.smilingsessions.com or on YouTube: https://www.youtube.com/c/ShapeshifterProductions/, encouraging housing partners to use it when we are not visiting;
- delivering fun, engaging, live sessions, bringing world-class artists to local communities to share, inspire, create a sense of pride and purpose;
- ● developing relationships and discussion with new housing partners;
- development of a new, arts and environmental project called “Gaia & The Globe”
5
- rigorous fundraising programme to support immediate delivery and long-term sustainability for the charity
## **Overview:**
- Shapeshifter Productions is now partnering with MHA (Methodist Homes Association) in sharing their Smiling Sessions on MHA website: https://www.mha.org.uk/communities/digital/
- From September 2021, we started delivering live sessions as care homes/sheltered schemes were cautiously opening their doors again. We delivered 41 sessions, including 6 Christmas parties, in London.
- Our Partner Liaison contacted schemes in Kent and Sussex that would like to host The Smiling Sessions, live, to expand geographically in the South East.
- We approached the National Academy for Social Prescribing who suggested we become part of their Thriving Communities Network. We are slowly developing awareness with housing partners to encourage prescribing singing as part of more rounded up support and care package.
- We produced 20 Christmas video songs for our virtual jukebox. A song-a-day was released between 1st-24th December. We invited residents to sing “Jingle Bells” with us: https://youtu.be/LrSpBbfEd9k and “We Wish You a Merry Christmas”: https://youtu.be/PXD7fxr5J_A
- Shapeshifter Productions formed a collaboration with Gaia’s Company to apply for Arts Council funding to deliver an R&D of Gaia and the Globe in September 2022. The project consists of a fun, interactive and entertaining play with songs written by Peter Horton of Gaia’s Company and will be hosted by Global Systems Institute (GSI) at Exeter University.
## **Funding raised in financial year ending 31st March 2022:**
- Arts Council England - £44,091 awarded – £39,682 paid in this financial year towards running costs of The Smiling Sessions (digital and live)
- Vision Redbridge - £3,000 awarded - £1,500 paid in this financial year towards The Smiling Sessions live in Redbridge
- The City Bridge Trust (Year 3) – £17,050 part of a 3 year long grant, towards delivery of The Smiling Sessions in London (Artistic Director and Project Manager’s fees for one day/week each)
- Charles Hayward Foundation - £3,000 towards delivery of The Smiling Sessions (digital and live)
- Charles S. French Charitable Trust - £3,000 towards our Artistic Director’s fee (one day/week x 12 weeks)
- Barchester Charitable Foundation - £500 towards delivery of The Smiling Sessions
- Mrs Smith and Mount Trust - £2,500 towards delivery of The Smiling Sessions
- Garfield Weston - £8,000 towards delivery of The Smiling Sessions
- Peabody Community Fund (The London Community Foundation) - £9,360 towards The Smiling Sessions
- NHG Impact Fund - £10,220 awarded - £900 paid in this financial year toward The Smiling Sessions
- The Sussex Community Foundation - £4,500 to carry forward into next financial year
6
- The Kent Community Foundation - £5,349 (Overstone Grassroots Fund: £3,000 + Frogs Hole Fund £2,349) to carry forward into next financial year
- The Childwick Trust - £8,000 to carry forward into next financial year
- Tower Hamlets East End Community Foundation - £19,040 awarded - £10,000 paid in this financial year, to carry forward into next financial year
## **PROGRAMME OF ACTIVITY:**
## **The Smiling Sessions – Digital:**
We produced 21 video songs in total; “Happy Days” for World Music Day and 20 Christmas video songs for virtual jukebox www.smilingsessions.com and www.youtube.com/shapeshifterProductions. A song-a-day was released between 1st-24th December. We invited residents from Woodlands Total Care and Birchwood Residential Care Home to sing “Jingle Bells” with us: https://youtu.be/LrSpBbfEd9k and residents from Pinewood joined us to sing “We Wish You a Merry Christmas”: https://youtu.be/PXD7fxr5J_A
Quite early on in the 2020 lockdown, we discovered that digital exclusion/illiteracy and equipment was a recurring problem - after we started to create the App. We do tend to work in deprived areas and some of the schemes explained they didn’t have the adequate devices to use our App or YouTube, so we decided to send them USB sticks loaded with our video songs as most common living areas now have a flat screen TV with USB. We then created the role of Partner Liaison (PL) to call partners / App users for a regular “health check” to ensure we are supporting them in the best way and for general updates and feedback. The PL continues to research and contact care homes/sheltered housing schemes, focusing on areas which are amongst the most deprived neighbourhoods of the UK, promoting The Smiling Sessions and the use of our App, encouraging members of staff to make this part of their weekly routine, reaching more and more isolated senior citizens.
“Your App is absolutely delightful. So easy to use and the videos are fantastic! We had 3 of our residents get up and dance, and everyone thought the quality of the videos, singing and instrument playing was absolutely marvellous. Admittedly, we sometimes forgot to sing along because we were so engulfed in watching your talented musicians perform! We only hold singing twice a month at the moment, but I will be spreading the word to more of our residents and incorporating these videos into all of our singing sessions going forward. It was a really uplifting and enjoyable atmosphere today! Thank you again and best wishes”. Jordan Finding, Activity Lead
## **The Smiling Sessions – Live:**
We started delivering live sessions in September 2021, as care homes/sheltered schemes were cautiously opening their doors again. We delivered 40 sessions, including 6 Christmas parties, from September 2021 to March 2022 to 14 schemes in London. Working closely with our housing partners, we edited risk assessments with a specific COVID-19 protocol. Unfortunately, we had to cancel 10 out of the 16 Christmas parties originally booked due to the ever increasing risks of Omicron.
Besides consolidating our relationships with partners Notting Hill Genesis, Sanctuary Care and independent residential care homes Aspray House and Parkview in Waltham Forest, we were awarded a 2 year grant with Peabody. In Year 1, we have visited 4 of their schemes: Lewisham, Newham, Southwark and Westminster. We decided to hand out the large print songbooks in advance to each resident, asking them (or staff) to keep them for the sessions to avoid sharing and risk of contamination. We would use the books in rotation. The books are also a legacy and can be used with the App or CD to encourage continued group singing after the project has finished. We now have 3 songbooks and a Christmas songbook, with enough new song requests from participants to create 2 more books!
We raised local community funds to expand geographically:
- 6 schemes in Kent answered positively and we are planning to visit them between June and December 2022.
- 2 schemes in East Sussex and 4 schemes in West Sussex are looking forward to hosting The Smiling Sessions soon, we are still fundraising for this.
7
## **Gaia & The Globe:**
This is a great new project in collaboration with Gaia’s company and partnerships confirmed from:
- Global Systems Institute at the University of Exeter
- United Nations University Institute for the Advanced Study of Sustainability Regional Centre of Expertise on Education for Sustainable Development (use of logo until 2026 worldwide)
We are preparing an application to the Arts Council England to submit in April 2022, to deliver an R&D of Gaia and the Globe, a fun interactive and entertaining play with songs created by Peter Horton. The R&D will consist of 10 days working on the script with 6 actor/musicians, as well as school workshops. Aiming to creatively inform immerse and delight audiences about Gaia Science through drama song and community engagement.
## **PLANS FOR FUTURE PERIODS**
2022-2023 and onwards:
- to extend The Smiling Sessions’ reach across London and the South East (SE), targeting deprived areas, while maintaining some existing partners
- to recruit and train young music graduates who live locally to join the Smiling team of singing workshop facilitators
- to continue spreading the word about our free on-line singing resource and raise awareness about Social Prescribing and the impact of singing on health & wellbeing
- continue developing the monitoring system of the impact of song and well-being, working closely with housing partners, sourcing specialist organisations and training
- developing our collaboration with Gaia’s Company to deliver Gaia & The Globe project
- consolidate the long-term sustainability of the charity and projects through securing ongoing project and core funding
- continue to build our financial reserves and explore new sources of income streams
## **FINANCIAL REVIEW**
## **Financial performance and position**
Total income for the year amounted to £92,422 (£128,563 – 2021) and total expenditure amounted to £86,549 (£115,527 – 2021).
The Charity incurred a net profit for the year of £5,873. Details of charity’s financial results are shown in the Statement of Financial Activities on page 11.
## **Going Concern**
The Trustees have considered the Charity's reserves and projected income and expenditure, and have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
## **Reserves Policy**
The charity currently has four months reserves in place, covering four months overheads expenditure, including our Artistic Director’s fee for one day a week. In the Trustees’ view, the reserves should provide the charity with adequate financial stability to meet the working capital requirements of the
8
charity arKI Ihe Tntstees are confident that at thi¥ level they k1 be Sble to contlnue the ojrrent
actsvibes of the tharlty In the e¥wl of a sigrMfi¢¥nt drop In lundryig.
Th8 Trustees revknv the amount ofrewves that are requtred to eru that Ihey we adequate to fuffii
the charity's conlinuing oblyation¥ a quatsrty bass at Ihew fffiance meeting. At the year er¥J, the
unrestriGt8d furth balance T*a8 £6,406. ¥h¥¢h 15 iU5t o¥w req[red leveb at an estimated £1,600 of
monthfy ovethead costs.
STATEMENT OF TRUSTEES RESPONSIBILMES
Company and Charlty Law rnqLllre5 the Tru¥te¢s to prepare financxal statements that glve true arKr
falr vtew ol the stale of affaws of the tharity at the end of the fjnancial year and of h surplus or deftit
forthe flnandal y. In 80 Ihe lJu¥tee¥ *e requlred to:
Select sultable accwthng Fdilaps arwj Ih¢n appty them rrnsisienty
Make Judgm and estknatss that we re950nable and
Slate vthether applicable accwiting stsndards have been foll(Med. subJe¢t to ary matsrfal
departwes dlsclosed arKI exptained in finanaal slatwnents
Fouow Ihe m¢thod8 and ofth8 Chaiity SORP,
Prepare the fmancial statern m the golThJ concem ljw unless tt h inpproptste to
assume that ts group V•iU continue In bu81ness.
Th? Trustees are respoftsble for keepkng wopw aCcmIlIj reL*rd8 olsch)g8 *ith reable
accuraGy at arry trme the finatKlal position of the tharity and to enable ttwn to ensure that the
finarKial statements compty wilh the C¢Ynpanies Pd 2006. They are responsible for 5afeguardkng
the assets of the tharity arKI for tsking reasonable steps for the wevenllon and delaclion ol
fraud and other irregularitye3.
The Trnsteés are responslt4e for the malntenm and integrlty of the c*È8rlty and financial
frymation induded on the charws *pbsite in accordance leglslatlon In the United Klngdom
PREPARATION OF THE REPORT
In preparing thls report the Board of Tnlee8 tsken aoSRntage of th8 small companles
exfAponS wovlded by seclion 415A ofthe Crynpanie¥ Act 2008.
14-11- 2
Thls report vras approved by the Board ofTnote¢s on ................................. and Sign thelr
behatt by:
141$ Ajison Jo
Trustee
WDEPENDENT EXAIWNER% REPORT TO THE TRUSIEES OF
Sh•po8hlft•r PMdurtk¥n• Lid
For thfr y••r •nd•d 31 thrch 2022
l rnportm accounts olthe crynpry (N oThkn131 ma 2022. *tlch •rn £01 oth OD
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Tho Truste•s (who aro also of conwwy frJr purpoge ol lawl we
rnBw*ftslb* lor the prepar41kn of1 accofv TM Try$tse8 cMsbJ•r thal en audll16 not
rnoulred for thlg yo•f under sectsi 144{2) ol the Choths ki 2011llhe 2011 Acl} and th•1 an
hKhpoThYenl •xaThdrnlbn1g neethd.
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Indepgndenl e¥anthatk>n. 11 ts re¥K•nsiblhty
• examlne the a¢counls untsr sectK)n 145 01fv 2011 **X
• lo loifow Ihg p)cedu{•S lakl down In gerwrnl dlrndh)Tr5 gven ty tho Ch
Commissh)n under sec¢knn 14q5Xbl oftl* 2011 Aci"
to slAt¥ whether partlwlar have ¢om b nry ai*nkn.
BB•l• ol Ind•p•nd•nt •x•mln•r* Nport
My examln0tk was c•rrl•d In •cwfjx•*)Ih ih pneral gfrrnn lry Iho Charfty
Commi5s1on. An ex8mlnalhJn IrKludes • rev*w ol the rnc¢rdb kepl ty chaiity arrfl
unuyu81 Irn$ or diK*)sutgs in the a¢o)unts. and s¢ekbvJ a¥pkn$ from you 09 trle¢S
c•rvmiro any sh matterJ. Th¥ prccedurns w*ertaken do Ml pmvkse au tho evhjènce that woubj
be reqirired In an atyjil arttl nSeqUenty M 0rI)rt 55 gn a5 to wh8lher accountg PnI a
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lo ke6p acwunbNJ rnc0$ In aC(X¥rdae ¥eclkn 386 cl the CTrnlès fv£120C6: ar
uiTrments ofsecum 398 ofthe Compan*s k¢ 20l and the and of
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have Ml been MBL or
(2) in ftry Op11. all be dmTh) In otsto 8 PW
ofthe K17)unts kn be reoched
sbahul Karkn
10
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 MARCH 22**
|**Notes**
**Incoming Resources**
Donation and legacies
2
Charitable activities
Total Incoming Resources
**Resources Expended**
Charitable activities
3
Governance cost
4
Total Resources Expended
**Net Income for the year**
**Reconciliation of Funds:**
Total funds, brought forward
Total funds, carried forward|**Unrestricted**
**Funds**
£
308
510|**Restricted**
**Funds**
£
90,704
900||**2022**
£
91,012
1,410
92,422
85,469
1,080
86,549
5,873
19,481
25,354||**2021**|
|---|---|---|---|---|---|---|
|||||||£
127,413
1,150
128,563
114,447
1,080
115,527
13,036
6,445
19,481|
||818|91,604|||||
||538
1,080|84,931
-
84,931
6,673
12,275
18,948|||||
||1,618||||||
||(800)
7,206
6,406||||||
||||||||
## **CONTINUING OPERATIONS**
None of the Charity's activities were acquired or discontinued during the above two financial periods.
## **TOTAL RECOGNISED GAINS AND LOSSES**
The Charity has no recognised gains or losses for the above two financial periods.
The notes on pages 13 to 15 form part of these accounts.
11
SHAPESHIFfER PRODUCTIONS LTD
Balanm Sh•otA• At 31 IA•rch 2022
2022
2021
Office equipm*rt
1.057
rrent
Debtors
Cash at Bank arnl in Iw
547
32.861
Amounts Hling wSthln one ye
Cu
24297
17.904
Totsl Fu
Restricted fvnds
Unrestrfcted furKIs
18,948
12,275
The dir¢ctors are $81isfied that tt* Cornparry is efttitd Io 8xenwkn from the req(TeMent to obtsin
an autht under sectlm 4T1 ofthe CompwaesAct 2006.
The members have not required the company to obtaln an audit in accordarKe with section 476 of
the ACL
The direGtorn ad(novAedge their responsibfity for comthkng the requrements of the
CompanSes Act 2000 with re$t to accountirwj recor¢ls and the weparallon of accounts.
The fin¢1 statements habTr been wepared kn accordance wilh ACCOUnng and ReFQrting by
Charities.. St*ement of ReCoMnded Prdctice appcab to chariles preparlng the5r accounts In
accordanGe with the Finan081 Rewrting Starard applicable in the UK and Repubfic of Ireland
(FRS 1021 {effectNe 1 January 2015) - (char85 SORP FRS 102), Financral Reporting
Stsn¢Jard applmxlle in the UK and Repubk of Ireland (FRS 102) arKI the Cryie5 kt 2006.
14-i2-2
nd sS9ned on
their behallby".
Jones, Trustee
12
## **SHAPESHIFTER PRODUCTIONS LTD**
**NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following SORP 2015 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 (SORP 2005) which has since been withdrawn.
## **Public benefit entity**
The charitable company meets the definition of a public benefit entity under FRS 102.
## **Going concern**
The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Key judgements that the charity has made which have a significant effect on the accounts include estimating income and expenditure for the next 12 months.
## **Income**
Income is recognised when the charity has entitlement to the funds: this is when any performance conditions attached to the income have been met, it is probable that the income will be received, and that the amount can be measured reliably.
Income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.
## **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. Expenditure is considered all to relate to Charitable activities and includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs.
## **Fund accounting**
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
13
## **2. Donations and legacies**
|**2. Donations and legacies**|||||||
|---|---|---|---|---|---|---|
|**Unrestricted**
**£**
ACE
-
Local authorities
-
Lottery Fund
-
Private donations
308
Trusts and foundations
-
308
**3. Cost of Charitable activities**
**Unrestricted**
**£**
Staff costs and fees
-
Insurance
-
Legal and professional fees
13
Software
-
Stationery/Supplies
-
Telephone
-
Sundry expenses
-
Travel and accommodation
-
Repair and maintenance
-
Advertising and PR
-
Equipment
-
Bank Charges
5
Depreciation
520
538
**4. Governance Cost**
Independent Examiner's fee
**5. Debtors**
Sundry debtors
Trade debtors
Prepayments
**6.Creditors: Amounts Falling Due Within One Year**
Accruals
Deferred income
Project staff||**Restricted**
**£**
39,682
2,612
-
-
48,410
90,704
**Restricted**
**£**
76,150
553
842
714
230
644
-
1,218
102
4,419
59
-
-
84,931||**2022**
**£**
39,682
2,612
-
308
48,410
91,012
**2022**
**£**
76,150
553
855
714
230
644
-
1,218
102
4,419
59
5
520
85,469
**2022**
£
1,080
1,080
**2022**
**£**
183
260
104
547
**2022**
**£**
1,080
27,849
-
28,929||**2021**|
|||||||**£**
7,973
11,567
23,000
955
83,918
127,413
**2021**|
||||||||
||||||||
|||||||**£**
93,274
471
459
858
144
223
54
-
476
17,036
675
-
777
114,447
**2021**|
||||||||
||||||||
|||||||£
1,080|
|||||||1,080|
|||||||**2021**|
|||||||**£**
183
5,694
-|
|||||||5,877|
|||||||**2021**|
|||||||**£**
1,080
5,000
8,877|
|||||||14,957|
14
|**7. Tangible Fixed assets**
**Cost**
At 1 April 2021
Additions During the Year
As at 31 March 2022
**Depreciation**
At 1 April 2021
Charge for the Year
As at 31 March 2022
**Net Book Values**
As at 31 March 2021
As at 31 March 2022|**Office**
**Equipment**|**2022**
**£**
3,320
-
3,320
1,743
520
2,263
-
1,057|**2021**|
|---|---|---|---|
||||**£**
1,253
2,067|
||||3,320|
||||966
777|
||||1,743|
|||||
||||1,577|
|||||
||||-|
## **8. STAFF COSTS AND NUMBERS**
All the charity's staff are hired on a freelance basis. Total staff costs (freelance staff) during the year was £76,150 (2021 - £93,274).
The average weekly number of staff on a head count basis was 4 (2021 - 4).
The total employee benefits of the key management personnel were £42,320 (2021 - £44,115).
No staff earned more than £60,000, including benefits, during the year (2021 - the same).
## **9. TRUSTEES' REMUNERATION AND EXPENSES**
One of the Trustees is a musician and composer and is paid the market rate for her creative work for the charity, like any other Creative staff. She is also the artistic director at the charity. The amount paid to her during the year was £42,320 (2021 - £44,115). The rate of pay is determined by reference to the Musicians Union rates.
No other Trustees received any remuneration or payments for services rendered to the charity or received any reimbursement of expenses, travel, and subsistence or otherwise.
## **10. RELATED PARTY TRANSACTIONS**
The charity’s Trustees and their close connections are considered to be the only related parties. Trustees remuneration and expenses are disclosed in Note 9.
## **11. Summary of Funds**
|Unrestricted Funds
Restricted Funds|**Brought**
**Forward**
**£**
7,206
12,275
19,481|**Incoming**
**Resources**
**£**
818
91,604
92,422|**Resources**
**Expended**
**£**
(1,618)
(84,931)
(86,549)|**Carried**
**Forward**|
|---|---|---|---|---|
|||||**£**
6,406
18,948|
|||||25,354|
15