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2024-03-31-accounts

Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2024

Charity registation - 1143406

Company number - 05079495

Front cover: Belongings, National Tour 2024

Year ended 31 March 2024

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
Future plans 7
Statement of board of trustees’ responsibilities 9
Independent examiner’s report 11
Statement of fnancial activities 13
Balance sheet 14
Statement of cash fows 15
Notes to the fnancial statements 16

Charity number 1143406 Company number 05079495

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Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

Reference and administrative details

Charity number

1143406

Company number

05079495

Registered offce

33 Raynham Street Hertford SG13 7DE

Trustees

Adeyinka Akinrinade Rebecca Allen (Chair - resigned as Chair and Trustee 26 September 2024) Alessandro Forte Rae Leaver Catherine Stephen (Co-Chair - appointed 26 September 2024) Sophie Scull (Co-Chair - appointed 26 September 2024) Binita Walia Olamide Davies (appointed 26 September 2024) Matthew Trustman (appointed 26 September 2024)

Company secretary

Alyson Jones

Independent examiners

Enaid Accountancy Ltd 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

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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 2024. 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 – as they were when the company was formed in 2003.

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 theatrical profession. These activities included non-ticketed, free-to-access performances, educational workshops, training sessions, mentoring programmes for young and emerging artists, therapeutic intervention projects, and paid work placements and internships.

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 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

Some of the highlights from our year include:

Our production Murmurations was re-mounted at Bedfords Park in collaboration with Havering Changing and Essex Wildlife Trust. We were pleased with the outcomes of this project – particularly in our nurturing and support of the creative and producing team. A review of Murmurations from local paper The Havering Daily:

“Murmurations feels freshly innovative; it’s part of a wider creative movement that approaches environmental subjects with a positive sense of natural wonderment, combined with empathy, fun and a lightness of touch. Transformative change is conceptualised as an uneven trail to stumble along, where– even when faced with deepest grief, confusion, division and social inequality–there is always hope.”

The Pop Up Performance shop visited Hull and Rochdale in the year. Originally created in 2020 when TF and our wider ensemble reacted to the pandemic lockdowns by generating solo projects, the Performance Shop is now a successful touring project that continues to reach audiences in shopping malls.

Our hugely successful piece of therapeutic theatre, Butterflies (co-produced with Half Moon Theatre), toured to Luton schools in winter 2023. These performances mean that Butterflies is now in its 7th year of performances and is our longest-running production. Feedback:

“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.” www.childrenstheatrereviews.com

Another piece of therapeutic theatre, Belongings, continued to reach audiences through a national tour.

Charity number 1143406 Company number 05079495

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Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

Originally performed in summer 2022, in spring 2024 we reached audiences in Brighton, Exeter, Reading, London and Bath with our story that explores the lives of some of the near 100,000 children with experience of living in the care system in the UK. Belongings was nominated for two Off West End Awards (best production and best performance by an ensemble). Some feedback:

“So much more than theatre, Belongings is an outlet for therapy, a joyful celebration of childhood play, an articulation of resilience and a message that children in care can find their place in the world.” Everythingtheatre.com

Mindfulness Project, Luton Schools, funded by Bedford and Luton Community Fund

We are developing a new project called Deep Adaptation to explore the large adaptations linked to personal trauma and issues that society is experiencing such as the cost of living crisis, the long-lasting and wideranging impacts of the Covid-19 pandemic, and the climate emergency. In the year we held two research and development periods at which 14 artists came together to collaborate and explore creative responses to the theme. We will continue to nurture this idea and aim to bring an element of performance to audiences in 2025.

TF continues its Task Force project, commissioned by the Department of Education, delivering a comprehensive and varied therapy programme for students in Pupil Referral Units (PRU) in Croydon. We employ a team of therapists in the Task Force and are providing creative therapeutic interventions to over 60 students who are at risk of peer violence and have

experienced significant trauma. We deliver this complex, challenging and rewarding project across five sites, and in addition to working with young people, we deliver training for PRU staff supporting children experiencing developmental trauma, bereavement and suicide.

Our Participation Programme continues to reach children, young people and emerging artists in our home town of Luton, and across the country, in an exciting range of activities. TF’s Mindfulness Project (originally created in 2018) supports children experiencing mental health problems in schools. The project has been delivered in five schools to over 100 participants this year, including whole school wellbeing focus days. We have also run wellbeing holiday camps at Luton Library in partnership with Active Luton for over 80 children. Professional paid internships and university work placements on all our productions and programmes have been rewarding and successful. Our in-school Residencies, supporting curriculum, at Luton College and Cardinal Newman School have seen students create unique outdoor performances that have been performed to entire school cohorts. We are grateful to funders such as The Hanley Trust, The Odin Charitable Trust, Bedfordshire & Luton Community Foundation and The Million Dollar Round Table Foundation who have supported our Participation Programme throughout the year.

Indeed, TF’s work is only possible thanks to the generosity and kindness of all our supporters. 2023-24 was Tangled Feet’s sixth year as an ACE Portfolio Organisation (NPO) and we remain humbled by this status, the level of support, and are mindful of the responsibilities it brings. We remain incredibly grateful to ACE for their long-term support of our work, and our other key strategic funders including The Bedfordshire & Luton Community Foundation.

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.

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

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Tangled Feet Limited Annual report and financial statements

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.

Tangled Feet has no employees on permanent contracts.

Selection and appointment of Trustees

The Trustees may appoint new members by general agreement, where specialist skills are required.

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.

Murmurations, Dunkeld House Tree Trail, Perth Theatre

Risk management

Inflation and a cost-of-living crisis are negatively influencing the arts and cultural organisations whose resources were already stretched due to the covid-19 pandemic. TF is a resourceful organisation and we are proud of our ability to evolve and adapt, and to manage risk whilst delivering our impactful work.

With core funding in place as an Arts Council England NPO (and confirmed until March 2026) the charity is in a healthy position operating as a going concern. TF has no debts, and no staff on permanent contracts.

Commissioning fees continue to be impacted because of the pandemic in 2020 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 in a risk register. 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.

Future plans

Looking ahead, the trustees plan to maintain the charity’s current approach, continuing to meet its objectives through a range of artistic and community-focused activities. Tangled Feet will build on its success by delivering high-quality artistic programs, including the continued touring of the OFFIE-nominated children’s show, Belongings, to new venues and audiences. A new outdoor performance, Rave New World, commissioned in partnership with Revoluton Arts CIC, will also be launched.

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Tangled Feet Limited

Annual report and financial statements

In addition to these artistic ventures, the charity will expand its targeted participation work. This includes established artistic residencies at Luton Colleges and Sixth Forms, as well as an increased focus on Dramatherapy services in Croydon-based pupil referral units and schools. New sites under Melbury College, along with new service agreements at The Limes College, Riddlesdown Collegiate, and Aerodrome Primary Academy, will begin in September 2024.

Ongoing projects, such as the Mindfulness in schools initiative and the Department for Education’s Taskforce programme, have been renewed and will extend into the 2025-2026 accounting period. Further activities for 2024-2025 include research and

Belongings, Watermand Art Centre, National Tour 2024

development work on Deep Adaptation (working title) and a new co-creation project for young people with Polka Theatre, utilising our developed Therapeutic Theatre model. Furthermore, the charity will continue to enhance its local creative outreach with a new programme of community talent development funded by the Bedfordshire and Luton Community Fund, entitled Ignite.

Tangled Feet will also undergo a transformation in its communications strategy, with a redevelopment of the charity’s website and messaging. The charity will continue to benefit from guidance provided by the freelance steering group, working with industry partners like the NPO Artist Led Network to develop best practices. Additional training for the core team and trustees will focus on areas such as Decolonisation, Radicalising creative practice, Climate action, Strategic planning, and employee wellbeing.

Financial results

During the current financial year the Charity achieved a surplus of £36,551 (2023: deficit of £4,059), increasing total reserves at year end to £263,147 (2023: £226,596).

The Trustees are satisfied with the financial performance of the charity throughout the year. No Tangled Feet project is ever delivered without funding 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 project costs. As per previous years, governance costs remain commendably low. TF is a lean organisation delivering significant value for money.

Reserves policy

Tangled Feet’s reserve policy allocates 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 £63,120. This target is equivalent to 3 months ‘core costs’, estimated to be at £53,120 plus £10,000 available for any discretionary expenditure.

The Charity aims to achieve this reserve level by the end of 31 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 £242,742 (2023: £191,743) assigned as follows:

Investment (St. James Place)

In June 2023, the Board has unanimously decided to invest £40,000 into a St. James’s Place Unit Trust. This

Charity number 1143406 Company number 05079495

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Tangled Feet Limited Annual report and financial statements

strategic investment is aimed at ensuring the long-term financial stability and growth of our organisation. St. James’s Place, known for its strong track record and expertise in wealth management, offers a robust platform that aligns with our financial goals. The decision reflects our commitment to prudent financial stewardship, providing a reliable foundation for future projects and initiatives. The Board is confident that this investment will yield favourable returns, supporting our mission and expanding our impact. Governance and oversight is provided by Trustee Sandro Forte, Finance Director and senior management team, with regular performance reporting to the Board of Trustees using quarterly summary information from St James Place client portal.

From the initial deposit of £40,000 in July 2023 to the year-end, the fund performed solidly, achieving an 8.6% increase in value, growing to £43,454. Aligned with the charity’s investment strategy of fostering financial sustainability through capital growth, Tangled Feet has decided to reinvest these gains back into the unit trust, allowing the growth to continue to compound over time.

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:

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and,

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue its activities.

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.

Murmurations Outdoor Performance, Bedfords Park, Queens Theatre

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 10 of this document meet the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law.

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Tangled Feet Limited

Year ended 31 March 2024

Annual report and financial statements

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 27 November 2024 and signed on its behalf by:

Catherine Stephen

Catherine Stephen (Dec 6, 2024 12:35 GMT)

CATHERINE STEPHEN

CHAIR

The 23-24 financial year was an extremely busy year that saw us working across the UK, delivering an array of creative projects that exemplifies Tangled Feet’s range and dexterity.

In a very competitive funding climate, we were humbled to receive an uplift in our grant funding from ACE which recognised the signifiant increase in our scope and turnover over the preceding five years, and our contribution to the Luton landscape, where we have become an influential part of the Arts and Culture Strategy group, often straddling the perspective gap between the resourced organisations and the freelance artist community in the town. We are proud to continue to advocate for the freelance workforce, and our nascent Freelance Steering Group continues to challenge us to do this well.

We headed out from our Luton base across the UK this year, from Scotland to Cornwall. The Pop Up Shop went from strength to strength in Rochdale and then Hull, touring a strong and diverse menu of accessible short works developed by TF freelancers as they honed their skills as lead artists. Simultaneously, the Murmurations team were spreading their wings again in two very different natural environments in Scotland and in Havering, demonstrating TF’s versality.

We began new paths of creative exploration with Deep Adaptation Research and Development: as the world evolves to meet its uncertain future, so do we.

Our Therapies provision continued to expand, as the Taskforce project was extended and additional schools requested our services. The professional evaluation of this work that we commissioned is now demonstrating its significant impact and helps us to make the case for the change it makes to young people’s lives and prospects.

We finished the year on a high: as Belongings begun its national tour the creative team convened to celebrate at the Offie Awards where the show was a finalist in the Best Production: Children And Young People category. This show, which places young people’s experience at the heart of the creative process, exemplifies the meeting point of our theatrical and therapeutic arms. Three years in the making we are enormously proud to have its success and richness of this work recognised by our industry peers.

In the year we turn 20, we are proud of the place we have carved for ourselves in the UK arts landscape, of the ensemble of extraordinary artists who work with us, and of the values we continue to espouse together.

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

Charity number 1143406 Company number 05079495

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Tangled Feet Limited Annual report and financial statements

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 2024 which are set out on pages 13 to 33.

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,

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Tangled Feet Limited Annual report and financial statements

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 FCA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833 DATED: 6 DECEMBER 2024

Enaid Accountancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Charity number 1143406 Company number 05079495

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Tangled Feet Limited Annual report and financial statements

Statement of financial activities

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

For the year ended 31 March 2024

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)
Transfers between funds
Net gains/(losses) on
investments
Net movement in funds
Reconciliation of funds:
Total funds brought forward
14 & 15
Total funds carried forward
14 & 15		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
Year ended
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
31 Mar 2023
£
£
£
£
324,973
17,700
342,673
274,235
274,541
-
274,541
227,785
4,906
-
4,906
35,140
604,420
17,700
622,120
537,160
8,927
10
8,937
12,636
260,893
848
261,741
204,607
54,017
29,373
83,390
77,323
314,910
30,221
345,131
281,930
111,907
112
112,019
95,101
69,289
2,952
72,241
115,624
51,175
36
51,211
35,928
232,371
3,100
235,471
246,653
547,281
33,321
580,602
528,583
556,208
33,331
589,539
541,219
48,212
(15,631)
32,581
(4,059)
(1,183)
1,183
-
-
3,970
-
3,970
-
50,999
(14,448)
36,551
(4,059)
191,743
34,853
226,596
230,655
242,742
20,405
263,147
226,596

The notes on pages 16 to 33 form part of the financial statements.

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Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

Balance sheet

As at 31 March 2024

Notes
Fixed assets:
Tangible assets
10
Investments
11
Current assets:
Debtors & prepayments
12
Cash at bank and in hand
Creditors
Amounts falling due within
one year
13
Net current assets/(liabilities)
Net assets/(liabilities)
The funds of the charity:
Restricted funds
14 & 15
Unrestricted funds
General funds
14 & 15
Designated funds
14 & 15
Unrestricted funds
Total charity funds		 £
29,915
188,326		 Total
funds
31 Mar 2024

£
5,836
43,464



213,847



£


62,062
168,836		 Total
funds
31 Mar 2023

£
2,870
-



223,726
218,241
(4,394)		 230,898
(7,172)
66,511
176,231


53,342
138,401
263,147 226,596
20,405


242,742		 34,853


191,743

263,147 226,596

The notes on pages 16 to 33 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 2024, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2024 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 27 November 2024 and signed on their behalf by:

Catherine Stephen Catherine Stephen (Dec 6, 2024 12:35 GMT)

CATHERINE STEPHEN

CHAIR

Charity number 1143406 Company number 05079495

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Tangled Feet Limited Annual report and financial statements

Statement of cash flows

For year ended 31 March 2024

Cash fows from operating
activities:
Net income/(expenditure) for period (as
per SOFA)
Adjustments for
Depreciation charges
(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
Purchase of fxed asset
Investments made
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		 £
360
2,619
-
31,195

(1,667)
(3,170)
251
141
-		 Total
Funds
Year ended
31 Mar 2024
£
32,581







29,729




£

650
(14,467)
10,001
(13,530)
(983)
3,270
90
31
(1,124)		 Total
Funds
Year ended
31 Mar 2023
£
(4,059)





(16,062)
(3,326)
(39,494)

(3,520)
-
62,310
(42,820)		 (20,121)

(3,520)


19,490
168,836		 (23,641)
192,477
188,326 168,836

The notes on pages 16 to 33 form part of the financial statements.

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Year ended 31 March 2024

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 2024, 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 2024 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 wider economic environment 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 14 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 14 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.

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16

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

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:

Computer equipment 5 years staight line

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

17

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

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.

Pop Up Performance Shop, Rochdale, commissioned by Rochdale Borough Council

Charity number 1143406 Company number 05079495

18

Year ended 31 March 2024

Tangled Feet Limited 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
14 & 15
Total funds carried forward
14 & 15		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
205,735
68,500
274,235
227,785
-
227,785
35,140
-
35,140
468,660
68,500
537,160
12,636
-
12,636
193,560
11,047
204,607
44,306
33,017
77,323
237,866
44,064
281,930
75,044
20,057
95,101
96,553
19,071
115,624
33,327
2,601
35,928
204,924
41,729
246,653
442,790
85,793
528,583
455,426
85,793
541,219
13,234
(17,293)
(4,059)
178,509
52,146
230,655
191,743
34,853
226,596

Charity number 1143406 Company number 05079495

19

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

3. Income from donations and legacies

Grants
Arts Council England - National Portfolio Organisation
Backstage Trust
Bedfordshire & Luton Community Fund
Esmee Fairbairn Foundation
The Hanley Trust
Million Dollar Round Table Foundation
Odin Trust
Postcode People Places
Grants
Donations
Grants
Arts Council England - National Portfolio Organisation
Bedfordshire & Luton Community Fund
Colin Bennett
Esmee Fairbairn Foundation
The Hanley Trust
Million Dollar Round Table Foundation
Odin Trust
Steel Charitable Trust
Grants
Donations		 Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
291,495
-
291,495
-
5,000
5,000
-
7,000
7,000
-
2,700
2,700
-
3,000
3,000
3,164
-
3,164
5,000
-
5,000
25,000
-
25,000
324,659
17,700
342,359
314
-
314
324,973
17,700
342,673
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
196,495
-
196,495
-
4,000
4,000
-
10,000
10,000
-
22,000
22,000
-
2,500
2,500
4,012
-
4,012
5,000
-
5,000
-
30,000
30,000
205,507
68,500
274,007
228
-
228
205,735
68,500
274,235

Charity number 1143406 Company number 05079495

20

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

  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 2024
31 Mar 2024
31 Mar 2024
£
£
£
274,541
-
274,541
274,541
-
274,541
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
227,785
-
227,785
227,785
-
227,785

Butterflies, Schools Performance, Medway, Kent, Commissioned by Lyrici Arts

Charity number 1143406 Company number 05079495

21

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

5. 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 2024
31 Mar 2024
31 Mar 2024
31 Mar 2024
£
£
£
£
-
7,573
1,364
8,937
34,749
205,964
21,028
261,741
34,748
27,614
21,028
83,390
69,497
233,578
42,056
345,131
12,033
89,846
10,140
112,019
12,033
50,068
10,140
72,241
12,034
29,037
10,140
51,211
36,100
168,951
30,420
235,471
105,597
410,102
73,840
589,539
Direct
Direct
Indirect
Total
staff costs
other costs
costs
costs
Year ended
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
£
-
10,877
1,759
12,636
27,086
161,669
15,852
204,607
27,086
34,386
15,851
77,323
54,172
196,055
31,703
281,930
9,810
75,212
10,079
95,101
9,810
95,735
10,079
115,624
9,811
16,038
10,079
35,928
29,431
186,985
30,237
246,653
83,603
393,917
63,699
541,219

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

22

Year ended 31 March 2024

Tangled Feet Limited 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 2024
31 Mar 2023
£
£
18,168
15,558
-
909
18,489
19,081
7,503
7,326
14,246
8,581
10,987
8,532
4,353
3,695
94
17
73,840
63,699

Governance costs includes:

Insurance
Independent examination
Investment fees		 Total
Total
costs
costs
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
2,248
2,095
1,600
1,600
505
-
4,353
3,695

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 2024
31 Mar 2023
£
£
1,600
1,600
315
425
1,915
2,025

Charity number 1143406 Company number 05079495

23

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

6. 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 2024
31 Mar 2024
31 Mar 2024
£
£
£
7,573
-
7,573
1,354
10
1,364
8,927
10
8,937
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
10,877
-
10,877
1,759
-
1,759
12,636
-
12,636

Murmurations, Dunkeld House Tree Trail, Perth Theatre

Charity number 1143406 Company number 05079495

24

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

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 2024
31 Mar 2024
31 Mar 2024
£
£
£
34,749
-
34,749
205,374
590
205,964
20,770
258
21,028
260,893
848
261,741
12,748
22,000
34,748
20,276
7,338
27,614
20,993
35
21,028
54,017
29,373
83,390
314,910
30,221
345,131
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 2023
31 Mar 2023
31 Mar 2023
£
£
£
17,086
10,000
27,086
160,622
1,047
161,669
15,852
-
15,852
193,560
11,047
204,607
17,086
10,000
27,086
11,369
23,017
34,386
15,851
-
15,851
44,306
33,017
77,323
237,866
44,064
281,930

Charity number 1143406 Company number 05079495

25

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

- 8. Expenditure on charitable activities productions

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 2024
31 Mar 2024
31 Mar 2024
£
£
£
12,033
-
12,033
89,846
-
89,846
10,028
112
10,140
111,907
112
112,019
12,033
-
12,033
47,179
2,889
50,068
10,077
63
10,140
69,289
2,952
72,241
12,034
-
12,034
29,037
-
29,037
10,104
36
10,140
51,175
36
51,211
232,371
3,100
235,471
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
9,810
-
9,810
55,155
20,057
75,212
10,079
-
10,079
75,044
20,057
95,101
9,810
-
9,810
76,664
19,071
95,735
10,079
-
10,079
96,553
19,071
115,624
9,811
-
9,811
13,437
2,601
16,038
10,079
-
10,079
33,327
2,601
35,928
204,924
41,729
246,653

Charity number 1143406 Company number 05079495

26

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

  1. Staff costs
Staff costs
Gross salaries
Employer’s NIC
Employer’s Pension		 Total
Total
costs
costs
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
115,658
93,767
5,454
3,330
2,653
2,064
123,765
99,161

The average headcount during the period was 4 persons (2023: 4 persons).

No employee received employee benefits of more than £60,000 (2023: Nil).

The total employee benefits paid to key management personnel during the year was £72,200 (2023: £56,991).

10. Tangible fxed assets

Cost
At 1 April 2023
Addition
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 1 April 2023
At 31 March 2024		 Computer
Equipment
Total
£
£
3,520
3,520
3,326
3,326
6,846
6,846
650
650
360
360
1,010
1,010
2,870
2,870
5,836
5,836

Charity number 1143406 Company number 05079495

27

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

11. Investments

. Debtors and prepayments
Trade debtors
Accrued theatre tax relief
Accrued grant income
VAT control account
Prepayments
Market value brought forward
Additions at cost
Net (losses)/gains in period
Market value carried forward
Cash held as part of investment portfolio
UK equities and funds
Cash and cash equivalents		 Total
Total
funds
funds
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
-
-
39,494
-
3,970
-
43,464
-
-
-
43,464
-
Total
Total
funds
funds
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
43,464
-
-
-
43,464
-
Total
Total
funds
funds
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
14,403
17,022
10,883
42,078
68
68
1,716
865
2,845
2,029
29,915
62,062
  1. Debtors and prepayments

Charity number 1143406 Company number 05079495

28

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

  1. Creditors: amounts falling due within one year
Accruals
PAYE control account
Pension control account		 Total
Total
funds
funds
Year ended
Year ended
31 Mar 2024
31 Mar 2023
£
£
1,600
4,770
2,244
1,993
550
409
4,394
7,172

Belongings, The Egg, Bath, National Tour 2024

Charity number 1143406 Company number 05079495

29

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

14. Analysis of charity funds

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
Backstage
Trust
Bedfordshire
& Luton
Community
Fund
Colin Bennett
Esmee
Fairbairn
Foundation
The Hanley
Trust
Steel
Charitable
Trust		 Balance
Income Expenditure
Transfers
Net gain/
Balance
brought
for the
in the
between
(loss) on
carried
forward
period
period
funds investments
forward
Year ended
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2024 31 Mar 2024 31 Mar 2024 31 Mar 2024 31 Mar 2024 31 Mar 2024
£
£
£
£
£
£
53,342
604,420
(556,208)
(39,013)
3,970
66,511
138,401
-
-
37,830
-
176,231
191,743
604,420
(556,208)
(1,183)
3,970
242,742
1,179
-
-
-
-
1,179
1,179
-
-
-
-
1,179
111
-
(111)
-
-
-
185
-
(185)
-
-
-
-
5,000
-
-
-
5,000
4,000
7,000
(419)
-
-
10,581
10,000
-
(10,000)
-
-
-
12,000
2,700
(13,694)
-
-
1,006
1,078
3,000
(1,439)
-
-
2,639
6,300
-
(7,483)
1,183
-
-
34,853
17,700
(33,331)
1,183
-
20,405
226,596
622,120
(589,539)
-
3,970
263,147

Designated fund

Charity number 1143406 Company number 05079495

30

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

In the previous fiscal year, the charity allocated £179,729 in designated funds to be carried forward into 2024-25 and applied to artistic initiatives that had begun in 2023-24 and spanning the 2024-25 and 2025-26 tax years. The majority of these funds have been allocated to 2024-25, with remaining amounts assigned 14. Analysis of charity funds (continued from previous page)

for planned expenditure on 2025-26.

A significant portion of the designated funds has been directed towards multi-tax year touring expenses for projects such as Belongings (April-June 2024, February-March 2025), Pop-Up Performance Shops in Rochdale (September 2024) and Hull (Back to Ours. Oct 2024), research and development for the trauma recovery project Deep Adaptation (June 2024, November 2024), and the virtual reality concept Star Dust. All projects began in 2023-24 and earlier. Additional allocations have been used to support essential staffing needs, including the addition of a Creative Producer for Deep Adaptation, the establishment of a Therapies Coordinator position, and the development of the new commission Rave New World, which is set to premiere in March 2025. Allocation has also been earmarked for the development of a new therapeutic theatre model project in partnership with Polka Theatre (January 2025). Funds will also be utilised on the creation of a new company Website and messaging framework (January 2025)

Further use of these funds will support the expansion of artistic residencies in Luton schools, the ongoing development of the Mindfulness Project in 2024-25 & the subsidise Holiday Clubs in Luton in summer 2024. Funds will also be utilised on the creation of a new company Website and messaging framework (January 2025)

The use of designated funds works within the framework of how we tour, how commissions land in tax years and some residual delays of projects from the Covid period.

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).

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.

Backstage Trust

This is a grant towards the salary of the Participation Director.

Bedfordshire and Luton Community Fund

This is a grant towards the delivery costs of a Mindfulness project in two Luton schools.

Colin Bennett Fund

This is a grant towards the salary of the Participation Director and costs associated with charity’s work with vulnerable young people.

Esmee Fairbairn Foundation

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

The Hanley Trust

This is a contribution towards the costs of our Dramatherapy work.

Steel Charitable Trust

Funding supporting three strands of activity, all based in Luton, over a three year period. The first strand is to create a new piece of theatre bringing artistic excellence to Luton and its audiences. The second is

Charity number 1143406 Company number 05079495

31

Tangled Feet Limited Annual report and financial statements

Year ended 31 March 2024

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

Unrestricted
funds
General fund
Designated
fund
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
Bedfordshire
& Luton
Community
Fund
Colin Bennett
Esmee
Fairbairn
Foundation
The Hanley
Trust
Steel
Charitable
Trust		 Balance
Income Expenditure
Transfers
Net gain/
Balance
brought
for the
in the
between
(loss) on
carried
forward
period
period
funds
investments
forward
Year ended
Year ended
Year ended
Year ended
Year ended
Year ended
31 Mar 2023 31 Mar 2023 31 Mar 2023 31 Mar 2023 31 March 2023
31 Mar 2023
£
£
£
£
£
£
44,437
468,660
(455,426)
(4,329)
-
53,342
134,072
-
-
4,329
-
138,401
178,509
468,660
(455,426)
-
-
191,743
1,179
-
-
-
-
1,179
1,301
-
(1,301)
-
-
-
2,480
-
(1,301)
-
-
1,179
111
-
-
-
-
111
9,167
-
(8,982)
-
-
185
-
4,000
-
-
-
4,000
-
10,000
-
-
-
10,000
10,000
22,000
(20,000)
-
-
12,000
259
2,500
(1,681)
-
-
1,078
30,129
30,000
(53,829)
-
-
6,300
52,146
68,500
(85,793)
-
-
34,853
230,655
537,160
(541,219)
-
-
226,596

Grants for the Arts – Devolution Evolution Project

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

Charity number 1143406 Company number 05079495

32

Year ended 31 March 2024

Tangled Feet Limited Annual report and financial statements

  1. Analysis of net assets
r ended 31 March 2024
Analysis of net assets		 Tangled Feet Limited
Annual report and fnancial statements
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 2024
31 Mar 2024
31 Mar 2024
£
£
£
49,300
-
49,300
197,836
20,405
218,241
(4,394)
-
(4,394)
242,742
20,405
263,147
Unrestricted
Restricted
Total
funds
funds
funds
Year ended
Year ended
Year ended
31 Mar 2023
31 Mar 2023
31 Mar 2023
£
£
£
2,870
-
2,870
196,045
34,853
230,898
(7,172)
-
(7,172)
191,743
34,853
226,596

16. Trustee remuneration

During the year, no trustee received any remuneration in respect of trustee services (2023: £Nil). No members of the Board of Trustees received reimbursement of expenses (2023: £Nil).

During the year one (2023: none) of the trustees was paid for their creative involvement in projects of the charity. Rae Leaver was paid £600 (2023: £Nil) for their creative work on Deep Adaptation.

17. Related party transactions

During the year there were no related party transactions (2023: £Nil).

Charity number 1143406 Company number 05079495

33

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