OpenCharities

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

2022-03-31-accounts

Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2022

Charity registation - 1143406 Company number - 05079495

Front cover:

Devolution Evolution: ‘Shop Front’, The Mall, Luton, July ‘22

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

Contents

Contents
Reference and administrative details 4
Trustees annual report 5
Objectives and activities 5
Achievements and performance in the year 5
Structure, governance and management 6
Financial results 8
Statement of board of trustees’ responsibilities 8
Independent examiner’s report 10
Statement of fnancial activities 12
Balance sheet 13
Statement of cash fow 14
Notes to the fnancial statements 15

Charity number 1143406 Company number 05079495

3

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

Reference and administrative details

Charity number

1143406

Company number

05079495

Registered offce

33 Raynham Street Hertford SG13 7DE

Trustees

Adeyinka Akinrinade (appointed 17.02.2022) Rebecca Allen (Chair) Catherine Boyd (resigned 23.11.2021) Allesandro Forte (appointed 15.05.2021) Rae Leaver Catherine Stephen Sophie Scull Michael Webb (resigned 17.02.2022)

Company secretary

Alyson Jones

Independent examiners

Andy Nash Accounting & Consultancy Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Principal Bankers

Lloyds Bank Plc 1 Silver Street Enfield EN1 3EE

Charity number 1143406 Company number 05079495

4

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

Trustees annual report

The Board of Trustees, who are also directors of the Charity for the purposes of the Companies Act, and trustees for charity law purposes, submit their annual report and the financial statements of Tangled Feet Limited for the year ended 31 March 2022. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, including the Charity Act 2011, as well as the requirements of the Charity’s governing document and the provisions of 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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Objectives and activities

Tangled Feet aims to increase access to, and participation in high-quality, industry-leading theatre. We endeavour to make unique opportunities for young people to engage with our work and aim to share our work with people that rarely, if ever, visit the theatre. Tangled Feet is proud to be an artist-led ensemble, with the founders of the company still involved in all aspects of the artistic activity.

The principal activities of the charity in the year under review were delivering an artistic programme of theatre productions and a participation programme for disadvantaged young people to engage with the theatre. These activities included non-ticketed, free-to-access performances, educational workshops, training sessions, mentoring programmes for young and emerging artists, and paid work placements and internships.

The Trustees confirm that they have complied with the duty in section 4 of the Charities act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.

Achievements and performance in the year

Work on our project Devolution Evolution began in Spring 2020 at the beginning of the covid pandemic. We commissioned 27 artists to develop their own creative ideas and new performances, video, film, balloon modelling, aerial, projection, sound, and scripts were created. We were delighted to bring many of these creations to audiences in Luton at the Hat Works, and in a pop-up performance shop in a mall in Luton in summer 2021. Many of the original collaborators have gone on to further develop their ideas into full productions, independent to Tangled Feet, and some remain under our stewardship with another pop-up performance shop of Devolution Evolution artists scheduled for summer 2022.

Between June-July 2021 and January-March 2022 we remounted Butterflies in a UK tour to schools and theatres, reaching thousands of young people aged 3-8 with our story exploring anxiety in children. Accompanying workshops and resource packs supported the production. Butterflies was originally created in 2018 in a co-production with Half Moon Theatre, and will retour once again in autumn 2022.

“Butterflies shines a light on the challenging circumstances many young people are living in. As someone who has had anxiety for as long as I can remember – certainly from the age of the young audience sat around me, captivated by the show – seeing Butterflies 20 years ago would have been a truly transformative experience, though watching it now is powerful enough. ”childrenstheatrereviews.com - Sept 2018

We performed Murmurations, a new play by Steve Waters, at RSPB Strumshaw Fen Nature Reserve and National Trust Wicken Fen Nature reserve in September 2021. Through live scenes and songs, poetry and physical theatre, comedy and tragedy, Murmurations is a guided tour into nature that explores what we need from nature and what nature needs from us in a world recovering from sickness

Our production But When?, a co-production with Next Generation Youth Theatre and The Culture Trust is an outdoor performance experienced on headsets allowing audiences to follow four friends on their journey back to each other after a long separation period due to lockdown and the restrictions of 2020, performed to audiences on 19th and 20th November 2021 on the streets of Luton outside the Hat Factory.

Charity number 1143406 Company number 05079495

5

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

“I was lucky enough to get one of these last tickets - and was absolutely blown away, what an incredible play & performance. Thank you @tangledfeet & @RSBPStrumpshaw. Stunning.” Audience feedback

In collaboration with Rowan Tree Dramatherapy, we have continued to research and develop Belongings, a production exploring the stories of children who are part of the care system and do not live with their birth parents. This work has included the careful inclusion of care-experienced young people as creative advisors and test audiences, and feedback from initial test showings has demonstrated that the show is extremely resonant and authentically connected to their experiences.

Research & Development, ‘Belongings’, March ‘22

Demand for our Participation Programme activities has increased significantly over the last two years, as a mental health crisis for young people has taken its toll. Our Mindfulness Project is fully booked until the end of this academic year, and we have expressions of interest in the project that could see us fully booked for the entirety of the 2022-23 academic year (with current staff levels). We are sector-leaders with our provision of Dramatherapy services.

Our Participation Programme continues to work with some of the most disadvantaged young people in our local communities (Luton) and areas of interest (Croydon). Our Mindfulness Project has been delivered in eight schools local to us in Luton, and at a Pupil Referral Unit in Croydon in the last 12 months. With funding from BBC Children in Need, we doubled the service provision and reached new Luton schools, many in deprived areas with low cultural engagement, for example Leagrave Primary School where 94% of pupils have English as a second language, and Tennyson Road Primary School where an alarming 94% of students are from income deprived families. We have collected staggering data about the disadvantages faced by young people in Luton and are working to create new projects and expand delivery of our existing services to those worst affected.

TF have been commissioned by the Department of Education to introduce a comprehensive and varied therapy programme for students in PRU in Croydon. We employ nine therapists and are offering creative

therapeutic interventions to 70 students (who are at risk of peer violence and have experienced significant trauma) across five sites, and in addition to working with young people we have delivered training for staff supporting children experiencing developmental trauma, bereavement and suicide.

TF’s work is only possible thanks to the goodwill and generosity of our supporters. 2021-22 was Tangled Feet’s fourth year as an Arts Council National Portfolio Organisation – we remain incredibly grateful to ACE for their long-term support of our work, and our other key strategic funders: The Esmee Fairbairn Foundation, The Odin Charitable Trust and The Steel Charitable Trust. Earlier this year TF submitted an application to remain in the Arts Council National Portfolio for a period of three years from April 2023, and we are optimistic our plans and achievements will persuade our other key funders to continue their support in future years.

Structure, governance and management

Tangled Feet Limited is a company limited by guarantee, number 05079495, and a registered charity in England and Wales, number 1143406.

The organisation’s Governing Document is its Articles of Association, incorporated 22 March 2004, and additional articles adopted by special resolution on 2 February 2011.

Charity number 1143406 Company number 05079495

6

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

Day-to-day management of Tangled Feet Limited is delegated by the Trustees to a Senior Management Team of part-time staff:

This team report to the Board of Trustees at quarterly meetings.

A project-based group of staff including workshop leaders and associate artists deliver activities for Tangled Feet Limited throughout the year.

Selection and appointment of Trustees

The Trustees may appoint new members by general agreement, where specialist skills are required. The Board wishes to thank Catherine Boyd and Michael Webb their expert input into Tangled Feet’s affairs during their tenures as a Trustee.

New members are fully briefed on their obligations under charity and company law, and are given information on the decision-making processes, the financial performance of the charity and the business plan.

Participation, ‘Mindfulness in Schools’ (funded by Children in Need), Luton Schools, May ‘21

Risk management

The coronavirus pandemic continues to have an impact across the world, with inflation and a cost-of-living crisis taking hold in the UK at the time of preparing this report. Arts and cultural organisations and their activities came to a virtual standstill in Spring 2020 as society was ordered into lockdown. Those in our profession have had to evolve and adapt to continue to deliver creative projects.

Tangled Feet’s Trustees have carefully considered the company’s situation in response to the pandemic. Following a successful application, our core-funding from Arts Council England (ACE) was extended until 31 March 2023. With core funding in place, no debts, and no staff on permanent contracts, Tangled Feet continues as a going concern.

Commissioning fees are being impacted because of coronavirus and inflation, and therefore TF must remain creative, flexible and responsive to ensure to we continue to achieve our aims and objectives. We’ll continue to work in partnership with others to seek out new opportunities to engage with those who have been impacted by the pandemic.

The Trustees have considered the major risks to which the charity is exposed and established procedures to manage those risks. The Trustees consider the variability of income to be a significant risk in the short to medium term. Long term risks include the loss of the Senior Management Team and key creative members of the wider ensemble.

Charity number 1143406 Company number 05079495

7

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

Future Plans

Going forward, the trustees’ intention is to continue running the charity along similar lines to those carried out in recent years, to meet the charity’s objectives. Tangled Feet will resume delivering high quality artistic programmes (e.g. developing the Devolution Evolution project, retouring ‘Murmurations’ and staging the premier of ‘Belongings’), alongside targeted participation work (incl. residency work at Luton College) and commencement of Dramatherapy provision at Saffron Valley Collegiate PRU and at a new site, Bensham Manor PRU. Other assigned activity (2022-2023) will include an autumn tour of the children’s production ‘Butterflies’, R&D work, and an in-depth period of equalities training for trustees and senior management

Performance, ‘Butterflies’, Spring Tour, February ‘22

Financial results

During the current financial year the Charity achieved a surplus of £35,883 (2021: surplus of £91,324), increasing total reserves at year end to £230,655 (2021: £194,772).

The Trustees are satisfied with the financial performance of the charity throughout the year. No Tangled Feet project is ever delivered without the budget being secured, and the charity has never taken on any debt. Fundraising activity aims to support the core costs of the charity – the salaries of the Senior Management Team and towards project costs. As per previous years, governance costs remain commendably low.

Reserves policy

Tangled Feet’s reserve policy aim is to target a sum of funds as ‘designated reserves’ that is separate to any allocated expenditure commitments. These funds would support the Charity in case of unexpected changes in funding and to meet any unplanned expenditure. The target level of designated reserve is calculated at £50,000. This target is equivalent to 3 months ‘core costs’, estimated to be at £40,000 plus £10,000 available for any discretionary expenditure. The Charity aims to achieve this reserve level by the end of March 2026 and has initiated a plan to allocate £5,000 per year, plus frequent additional funds made from fees and commissions in order to meet this target. The Trustees review the reserves policy every year to make relevant adjustments.

At year-end Tangled Feet had unrestricted reserves of £178,509 (2021: £149,280) assigned as follows:

Statement of board of trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period. In preparing these financial statements, the trustees are required to:

Charity number 1143406 Company number 05079495

8

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect 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 UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the trustees confirm that they are happy that content of the annual review in pages 5 to 9 of this document meet the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.

Preparation of the report

This report has been prepared taking advantage of the small companies’ exemption of section 415A of the Companies Act 2006, and the exemptions available for smaller charities under the Statement of Recommended Practice.

This report was approved and authorised for issue by the Board of Trustees on 24 November 2022 and signed on its behalf by:

REBECCA ALLEN

CHAIR

The financial year 2021/22 saw us building back stability and momentum after the the Covid pandemic (and associated lockdowns) and delivering a large amount of backlogged work. The year was still fraught with delays following the knock on effect of the Jan to March 2021 lockdown and the continuing cancellation of events and issues caused by self isolation and infection rates. There was an unprecedented pause in activity in 20/21 and Tangled Feet dynamically shifted its mode of operation focusing on freelancer support, online activity and research and development for new Covid secure productions. 2021/22 saw us delivering these projects in schools, outdoors, as pop up events and online. The model of working became more reactive, flexible and able to pop up quickly. Financially we needed to remain dynamic and flexible with large contingencies held on projects for Covid working and an ability to cancel, delay or re-shape projects. Outdoor working methodology, smaller pop up projects and following strict testing protocols allowed us to avoid major problems. There was a high activity rate as we attempted to re-stage work from 20/21 alongside existing plans for 21/22 which resulted in some 21/22 projects needing to be pushed to 22/23 (resulting in some financial carry over). Our core funding enables stability in these times and our model of using this funding for both part time wages and artistic projects allow us to make things happen - not rest on the comfort of salaries. As the cultural world re-emerges from Covid, change is occurring. Long held inequalities are clearer than ever, the freelance community (the backbone of the industry) exist in a precarious position, audiences may not return to auditoriums in the same way again, venues have become risk adverse and work needs to remain flexible more than ever.

Nathan Curry & Kat Joyce, Tangled Feet Co-Artistic Directors

Charity number 1143406 Company number 05079495

9

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

Independent examiner’s report

I report to the Trustees on my examination of the accounts of Tangled Feet Limited (charity number 1143406, company number 05079495) for the year ended 31 March 2022 which are set out on pages 12 to 31.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’) nor under Part 16 of the 2006 Act, and that an independent examination is needed.

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, it is my responsibility to:

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

Since the 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 & Wales, 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:

• 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,

Charity number 1143406 Company number 05079495

10

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

• 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.

ANDREW PHILIP NASH ACA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833 DATED: 13 DECEMBER 2022

Andy Nash Accounting & Consultancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Charity number 1143406 Company number 05079495

11

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

Statement of financial activities

Incorporating the Income and Expenditure Account & Statement of Realised Gains and Losses

For the year ended 31 March 2022

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Other income
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities
Participation
Dramatherapy
5 & 7
Other participation
activities
5 & 7
Participation
Productions
Making & touring new work
5 & 8
Retouring existing work
5 & 8
Research & development
5 & 8
Productions
Total charitable activities
Total expenditure
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
13 & 14
Total funds carried forward
13 & 14		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
31 Mar 2021
£
£
£
£
`
210,463
119,994
330,457
277,097
168,934
1,550
170,484
78,627
28,548
-
28,548
-
407,945
121,544
529,489
355,724
7,624
34
7,658
9,296
114,856
13,127
127,983
89,215
27,898
23,512
51,410
63,250
142,754
36,639
179,393
152,465
137,417
65,400
202,817
20,694
63,900
8,905
72,805
20,624
27,021
3,912
30,933
61,321
228,338
78,217
306,555
102,639
371,092
114,856
485,948
255,104
378,716
114,890
493,606
264,400
29,229
6,654
35,883
91,324
149,280
45,492
194,772
103,448
178,509
52,146
230,655
194,772

The notes on pages 15 to 31 form part of the financial statements.

Charity number 1143406 Company number 05079495

12

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

Balance sheet

As at 31 March 2022

Notes
Fixed assets:
Tangible assets
10
Current assets:
Debtors & prepayments
11
Cash at bank and in hand
Creditors
Amounts falling due
within one year
12
Net current assets/
(liabilities)
Net assets/(liabilities)
The funds of the charity:
Restricted funds
13 & 14
Unrestricted funds
General funds
13 & 14
Designated funds
13 & 14
Unrestricted funds
Total charity funds		 £
43,083
192,477		 Total
funds
31 Mar 2022

£
-



230,655



£

14,360
184,633		 Total
funds
31 Mar 2021

£
854



193,918
235,560
(4,905)		 198,993
(5,075)
44,437
134,072


32,271
117,009
230,655 194,772
52,146


178,509		 45,492


149,280

230,655 194,772

The notes on pages 15 to 31 form part of the financial statements.

The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies and FRS 102 Section 1A.

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2022, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 under section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

They were approved and authorised for issue by the Board of Trustees on 24 November 2022 and signed on their behalf by:

REBECCA ALLEN

CHAIR

Charity number 1143406 Company number 05079495

13

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

Statement of Cash Flows

For year ended 31 March 2022

Cash fows from operating activities:
Net income/(expenditure) for period (as
per SOFA)
Adjustments for:
Depreciation charges
Loss on disposal of fxed assets
(Increase)/decrease in accounts
receivables
(Increase)/decrease in accrued grant
income
(Increase)/decrease in accrued theatre
tax relief
(Increase)/decrease in prepayments
and other debtors
Increase/(decrease) in accruals
Increase/(decrease) in HMRC & pension
payable
Increase/(decrease) in pension payable
Increase/(decrease) in VAT payable
Net cash used in operating activities
Cash fows from investing activities:
Sale of fxed assets
Net cash used in investing activities
Change in cash and cash equivalents in
period
Cash and cash equivalents at the beginning
of the period
Cash and cash equivalents at the end of the
period		 -
417
(2,555)
681
(28,548)
1,001
-

(1,322)
28
1,822		 Total
Funds
Year ended
31 Mar 2022
£
35,883







(28,476)





285
-
-
(10,547)
-
10,964
(660)
2,091
-
(1,241)		 Total
Funds
Year ended
31 Mar 2021
£
91,324







892
437
-
7,407

437		 92,216

-



7,844
184,633		 92,216
92,417
192,477 184,633

The notes on pages 15 to 31 form part of the financial statements.

Charity number 1143406 Company number 05079495

14

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

Notes to the financial statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 1, and the Companies Act 2006.

The effect of any event relating to the year ended 31 March 2022, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2022 and the results for the year ended on that date.

The functional currency of the Charity is GBP and amounts in the financial statements are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing global COVID-19 pandemic has had no material impact on this assessment.

Legal status

Tangled Feet Limited is a charitable company registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered address is 33 Raynham Street, Hertford, SG13 7DE.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in note 13 of the financial statements.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 13 of the financial statements.

Income

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

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Charity number 1143406 Company number 05079495

15

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

1. Accounting policies (continued from previous page)

Income (continued from previous page)

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.

Other income consists of amounts received from HMRC as part of the Theatre Tax Relief system.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Direct costs include all costs directly attributable to that activity including freelancers and production or participation costs, as well as the staff time directly attributable to that activity, namely the cost of the two co-artistic directors.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area, as outlined in note 5 of the financial statements.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fixed assets and depreciation

All assets costing more than £1,000 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on the following basis:

Motor vehicles 25% reducing balance

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Debtors and prepayments

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

Creditors and accruals

Creditors 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.

Charity number 1143406 Company number 05079495

16

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

  1. Accounting policies (continued from previous page)

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Pensions

The Charity operates a defined contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Performance, ‘Murmurations’, RSPB Strumpshaw, September ‘21

Charity number 1143406 Company number 05079495

17

Tangled Feet Limited

Year ended 31 March 2022

Annual report and financial statements

2. Comparative statement of fnancial activities

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Other income
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities
Participation
Dramatherapy
5 & 7
Other participation activities
5 & 7
Participation
Productions
Making & touring new work
5 & 8
Retouring existing work
5 & 8
Research & development
5 & 8
Productions
Total charitable activities
Total expenditure
Net income/(expenditure)
Reconciliation of funds:
Total funds brought forward
13 & 14
Total funds carried forward
13 & 14		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
204,453
72,644
277,097
74,817
3,810
78,627
-
-
-
279,270
76,454
355,724
9,296
-
9,296
84,990
4,225
89,215
40,941
22,309
63,250
125,931
26,534
152,465
19,027
1,667
20,694
18,687
1,937
20,624
58,935
2,386
61,321
96,649
5,990
102,639
222,580
32,524
255,104
231,876
32,524
264,400
47,394
43,930
91,324
101,886
1,562
103,448
149,280
45,492
194,772

Charity number 1143406 Company number 05079495

18

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

  1. Income from donations and legacies
Grants
Arts Council England - National Portfolio Organisation
Arts Council England - Other
BBC Children in Need
Esmee Fairbairn Foundation
The Hanley Trust
Million Dollar Round Table Foundation
Odin
Steel Charitable Trust
Grants
Donations
Donations in kind (see note 15)
Coronavirus Job Retention Scheme		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2022 31 Mar 2022 31 Mar 2022
£
£
£
196,495
-
196,495
-
49,707
49,707
-
17,287
17,287
-
20,000
20,000
-
3,000
3,000
3,610
-
3,610
5,000
-
5,000
-
30,000
30,000
205,105
119,994
325,099
359
-
359
-
-
-
4,999
-
4,999
210,463
119,994
330,457
Grants
Arts Council England - National Portfolio Organisation
Arts Council England - Other
BBC Children in Need
Esmee Fairbairn Foundation
The Hanley Trust
Steel Charitable Trust
Grants
Donations
Donations in kind (see note 15)
Coronavirus Job Retention Scheme		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
196,495
-
196,495
-
-
-
-
21,644
21,644
-
20,000
20,000
-
1,000
1,000
-
30,000
30,000
196,495
72,644
269,139
910
-
910
3,710
-
3,710
3,338
-
3,338
204,453
72,644
277,097

Charity number 1143406 Company number 05079495

19

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

  1. Income from charitable activities
Earned income and fees (incl. particiapation income)
Earned income and fees (incl. particiapation income)		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
£
£
£
168,934
1,550
170,484
168,934
1,550
170,484
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
74,817
3,810
78,627
74,817
3,810
78,627

Performance, ‘But When’ (funded by Steel Charitable Trust) at The Hat Factory, Luton, November ‘21

Charity number 1143406 Company number 05079495

20

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

  1. Total expenditure
Raising funds
Charitable activities
Dramatherapy
Other particiapation activities
Participation
Making and touring new work
Retouring existing work
Research and development
Productions
Raising funds
Charitable activities
Dramatherapy
Other particiapation activities
Participation
Making and touring new work
Retouring existing work
Research and development
Productions		 Direct
Direct
Indirect
Total
staff costs
other costs
costs
costs
Year ended
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
31 Mar 2022
£
£
£
£
-
6,693
965
7,658
26,617
93,420
7,946
127,983
26,617
16,847
7,946
51,410
53,234
110,267
15,892
179,393
9,648
181,512
11,657
202,817
9,648
51,500
11,657
72,805
9,649
9,628
11,656
30,933
28,945
242,640
34,970
306,555
82,179
359,600
51,827
493,606
Direct
Direct
Indirect
Total
staff costs
other costs
costs
costs
Year ended
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
£
-
6,783
2,513
9,296
19,634
54,282
15,299
89,215
19,634
28,317
15,299
63,250
39,268
82,599
30,598
152,465
9,144
4,774
6,776
20,694
9,144
4,704
6,776
20,624
9,143
45,401
6,777
61,321
27,431
54,879
20,329
102,639
66,699
144,261
53,440
264,400

Direct costs include all costs directly attributable to that activity including freelancers and production or participation costs, as well as the staff time directly attributable to that activity, namely the cost of the two co-artistic directors.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area.

An analysis of expenditure on raising funds can be found in note 6.

An analysis of expenditure on charitable expenditure by participation and production can be found in notes 7 & 8 respectively.

Charity number 1143406 Company number 05079495

21

Tangled Feet Limited

Year ended 31 March 2022

Annual report and financial statements

5. Total expenditure (continued from previous page)

An analysis of staff costs can be found in note 9.

Support costs consists of the following:

Indirect staff costs
Indirect staff overtime
Finance and administrative support
Hire of offce and spaces for activities
Administrative and general expenses
Marketing and development
Governance costs
Bank charges		 Total
Total
costs
costs
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
10,163
9,528
543
-
15,572
16,344
7,277
6,638
5,981
5,518
8,804
11,728
3,391
3,596
96
88
51,827
53,440

Governance costs includes:

Insurance
Independent examination		 Total
Total
costs
costs
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
1,891
2,096
1,500
1,500
3,391
3,596

The independent examiners received remuneration for the following services in the year:

Independent examination
Theatre tax relief support		 Total
Total
costs
costs
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
1,500
1,500
-
311
1,500
1,811

Charity number 1143406 Company number 05079495

22

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

  1. Expenditure on raising funds
Direct other costs
Indirect costs
Direct other costs
Indirect costs		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
£
£
£
6,693
-
6,693
931
34
965
7,624
34
7,658
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
6,783
-
6,783
2,513
-
2,513
9,296
-
9,296

Devolution Evolution, sharings at Hat Works, Luton, July ‘21

Charity number 1143406 Company number 05079495

23

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

- 7. Expenditure on charitable activities participation

Dramatherapy
Direct staff costs
Direct other costs
Indirect costs
Other participation activities
Direct staff costs
Direct other costs
Indirect costs
Dramatherapy
Direct staff costs
Direct other costs
Indirect costs
Other participation activities
Direct staff costs
Direct other costs
Indirect costs		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
17,134
2,500
19,634
52,557
1,725
54,282
15,299
-
15,299
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2022 31 Mar 2022 31 Mar 2022
£
£
£
16,617
10,000
26,617
90,763
2,657
93,420
7,476
470
7,946
114,856
13,127
127,983
16,617
10,000
26,617
3,420
13,427
16,847
7,861
85
7,946
27,898
23,512
51,410
142,754
36,639
179,393
84,990
4,225
89,215
17,134
2,500
19,634
10,008
18,309
28,317
13,799
1,500
15,299
40,941
22,309
63,250
125,931
26,534
152,465

Charity number 1143406 Company number 05079495

24

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

Making and touring new work
Direct staff costs
Direct other costs
Indirect costs
Retouring existing work
Direct staff costs
Direct other costs
Indirect costs
Research & development
Direct staff costs
Direct other costs
Indirect costs
Making and touring new work
Direct staff costs
Direct other costs
Indirect costs
Retouring existing work
Direct staff costs
Direct other costs
Indirect costs
Research & development
Direct staff costs
Direct other costs
Indirect costs		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
£
£
£
9,648
-
9,648
117,026
64,486
181,512
10,743
914
11,657
137,417
65,400
202,817
9,648
-
9,648
42,854
8,646
51,500
11,398
259
11,657
63,900
8,905
72,805
9,649
-
9,649
5,764
3,864
9,628
11,608
48
11,656
27,021
3,912
30,933
228,338
78,217
306,555
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
7,477
1,667
9,144
4,774
-
4,774
6,776
-
6,776
19,027
1,667
20,694
7,477
1,667
9,144
4,434
270
4,704
6,776
-
6,776
18,687
1,937
20,624
7,477
1,666
9,143
44,681
720
45,401
6,777
-
6,777
58,935
2,386
61,321
96,649
5,990
102,639

Charity number 1143406 Company number 05079495

25

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

  1. Staff costs
Gross salaries
Employer’s NIC
Employer’s Pension		 Total
Total
costs
costs
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
87,305
72,881
3,166
1,815
1,871
1,531
92,342
76,227

The average headcount during the period was 4 persons (2021: 4 persons).

No employee received employee benefits of more than £60,000 (2021: Nil).

The total employee benefits paid to key management personnel during the year was £56,991 (2021: £54,863).

10. Tangible fxed assets

Cost
At 1 April 2021
Disposal
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Disposal
At 31 March 2022
Net book value
At 1 April 2021
At 31 March 2022		 Motor
vehicles
Total
£
£
3,600
3,600
(3,600)
(3,600)
-
-
2,746
2,746
(2,746)
(2,746)
-
-
854
854
-
-

Charity number 1143406 Company number 05079495

26

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

  1. Debtors and prepayments
Trade debtors
Accrued theatre tax relief
Accrued grant income
Accrued Coronavirus Job Retention Scheme
VAT control account
Prepayments
12. Creditors: amounts falling due within one year
Accruals
VAT control account
PAYE control account
Pension control account		 Total
Total
funds
funds
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
2,555
-
28,548
-
10,069
10,750
-
1,194
-
698
1,911
1,718
43,083
14,360
Total
Total
funds
funds
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
1,500
1,500
1,124
-
1,903
3,225
378
350
4,905
5,075

Charity number 1143406 Company number 05079495

27

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2022

13. Analysis of charity funds

Unrestricted funds
General fund
Artistic development
Restricted funds
Grants for the Arts
Without Walls
Commission
Devolution Evolution
Project
Grants for the Arts
BBC Children in Need -
Young Carers
BBC Children in Need -
Mindfulness & Wellbeing
Esmee Fairbairn Foundation
The Hanley Trust
National Lottery - Awards
for All
Royal Opera House
Steel Charitable Trust		 Balance
Income Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022 31 Mar 2022
£
£
£
£
£
32,271
407,945
(378,716)
(17,063)
44,437
117,009
-
-
17,063
134,072
149,280
407,945
(378,716)
-
178,509
475
800
(96)
-
1,179
-
49,707
(48,406)
-
1,301
475
50,507
(48,502)
-
2,480
211
-
(100)
-
111
5,030
17,287
(13,150)
-
9,167
10,000
20,000
(20,000)
-
10,000
-
3,000
(2,741)
-
259
587
-
(587)
-
-
579
750
(1,329)
-
-
28,610
30,000
(28,481)
-
30,129
45,492
121,544
(114,890)
-
52,146
194,772
529,489
(493,606)
-
230,655

Artistic development

During the prior year the charity designated £134,072 to be carried forward and allocated against artistic activity on projects that have now spanned tax years and were delayed due to pandemic. These funds, which also contain commission fees, funds set aside for storage, capital purchases, participation projects and staff training, were dispersed over 22-23. The majority of funds will be applied to the development of a brand-new production called ‘Belongings’ inspired by children in care (initially scheduled for development in 20-21); further realizations of the Devolution Evolution programme including ‘Shop Front’ (July ’22); the continuation of the delayed part of the ‘But When’ schools project (November ’22). Plus additional funding for another ‘Butterflies’ schools/children’s theatre tour (October ’22) and a reworking of the outdoor location specific play ‘Murmurations’ in Hartlepool (June’22).

Grants for the Arts – Without Walls Commission

This was a research and development funding award restricted to the initial creation phase of a large-scale outdoor production (initially titled Eyes on Stalks but later titled Rave New World).

Charity number 1143406 Company number 05079495

28

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

13. Analysis of charity funds (continued from previous page)

Grants for the Arts – Devolution Evolution Project

This was funding for the development and realisation of the Devolution Evolution project in Luton.

BBC Children in Need

Funding for continuation of various participation projects and residential trips for young carers or young people who may be looked after.

Esmee Fairbairn Foundation

This is a multi-year grant to support the salary of the Participation Director.

National Lottery – Awards for All

This was a one off grant towards Tangled Feet’s SIBS2019 programme. The main work body of work took place in April 2019.

Royal Opera House Bridge

A Learning Offer Development Fund from ROHB used to gain a greater understanding of how to create authentic and relatable theatrical experiences with and for teenagers. To develop a better understanding of the mental health issues that face this age group in the Luton area. The funds support TF in building relationships and gain insight from a range of youth organisations in the region, to use their wealth of knowledge and understanding to contribute to our working processes with teenagers. The fund helps Tangled Feet develop a set of strategic aims for work with this age group over the next 4 years. The fund also allows the Tangled Feet team to gain insight from a range of educational leaders, teachers and support staff in a variety of educational settings and to develop an online safeguarding strategy for working with this age group.

Steel Charitable Trust

Funding supporting three strands of activity, all based in Luton, over a 3 year period. The first strand is to create a new piece of theatre bringing artistic excellence to Luton and its audiences. The second is to tour a piece of work to Luton schools, alongside accompanying post show workshops and supporting resources. The third strand is to create career pathways in the Arts for early stage career artists based in Luton through mentorship, work placements and internship on Tangled Feet projects over the 3 years.

Charity number 1143406 Company number 05079495

29

Tangled Feet Limited

Year ended 31 March 2022

Annual report and financial statements

13. Analysis of charity funds (continued from previous page)

Unrestricted funds
General fund
Artistic development
Restricted funds
Grants for the Arts
Without Walls
Commission
Grants for the Arts
BBC Children in Need -
Young Carers
BBC Children in Need -
Mindfulness & Wellbeing
Esmee Fairbairn Foundation
The Hanley Trust
National Lottery - Awards
for All
Royal Opera House
Steel Charitable Trust		 Balance
Income
Expenditure
Transfers
Balance
brought
for the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
£
£
25,486
279,270
(231,876)
(40,609)
32,271
76,400
-
-
40,609
117,009
101,886
279,270
(231,876)
-
149,280
475
-
-
-
475
475
-
-
-
475
-
13,000
(12,789)
-
211
-
8,644
(3,614)
-
5,030
-
20,000
(10,000)
-
10,000
-
1,000
(1,000)
-
-
1,087
-
(500)
-
587
-
3,810
(3,231)
-
579
-
30,000
(1,390)
-
28,610
1,562
76,454
(32,524)
-
45,492
103,448
355,724
(264,400)
-
194,772

Charity number 1143406 Company number 05079495

30

Year ended 31 March 2022

Tangled Feet Limited Annual report and financial statements

  1. Analysis of net assets
Fixed assets
Current assets
Current libilities
Fixed assets
Current assets
Current libilities		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2022
31 Mar 2022
31 Mar 2022
£
£
£
-
-
-
183,414
52,146
235,560
(4,905)
-
(4,905)
178,509
52,146
230,655
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2021
31 Mar 2021
31 Mar 2021
£
£
£
854
-
854
153,501
45,492
198,993
(5,075)
-
(5,075)
149,280
45,492
194,772

15. Donated goods and services

During the previous year the charity was support by a number of organisations through donated goods and services. The income is reflected in note 3, with the matching expenditure allocated as follows:

Storage space Total
Total
funds
funds
Year ended
Year ended
31 Mar 2022
31 Mar 2021
£
£
-
3710
-
3710

16. Trustee remuneration

During the year, no trustee received any remuneration in respect of trustee services (2021: £Nil). No members of the Board of Trustees received reimbursement of expenses (2021: £Nil).

During the year two of the trustees were paid for their creative involvement in projects of the charity. Adeyinka Akinrinade was paid £300 as an actor for reading days for the Murmurations in the research and development phase. Rae Leaver was paid £1,346 for their writing contribution to the Devolution Evolution sharing phase.

17. Related party transactions

During the year there were no related party transactions (2021: £Nil).

Charity number 1143406 Company number 05079495

31

tangled