Company number 07287464 Charity number 1144025 Curfous DIM¢tlv• (LIMIt by Guaranlee) Group R•port and unaudlted FInal0[ Statgments fortho year ondod 31 March 2023 Fordham Flnance Group LTD Cortlflgd Publlc Accounlants 8640 Paul Slrnet London EC2A 4NE
Curfous Dirneti (Umitod by Guarantso) Contents Page Reference and Administratlve Details Dir8ctr)rl Truè8s' Rerm Indepwmlent Examiners Reprt Statemènt of Finanaal Activilies Ilncluding Inry)me and ExpeIlture Accounti 10-13 Balance Sheet 14 Cash Flow Statsment 15 Notss tothe Finanaal Stslements 16-24
Curfous Dlroctlv• (Llrnltod by Guarantsel R•f•r•nc• and Adminlstrativo Dotsils Constitullon The company is a privats MpanY limited by guarantse registered in EW - England and Wales. company number 07287464 and its goveming dooJm8nt is its Momorandum and ArtKles ofAsso¢iaty)n. The company is a registered charity, number 1144025. Dlro¢tOfS and trnstees As sel out In the Art'des of Association membership is open to individuals and organisations who apply to the charity in the fom required by the dire¢tors and who are approved by th8 dir8¢tors. The mininum number of members is thr88. Policies and procedures adop for the indLKtion and training of truslees are ongoing and Incorporated indir8Qty into the regular trustees meetÉngs. The trustses of the charlty during thè w and the year end, were.. Stephen Crocker (Chair) Laura Elltott rieman Fitzgibbon Joana Gana Ollie Hester Kurniko Mendl Kieran Miles Pelia Tzanova resigned 4 December 2022 reslgned 4 Deceffthr 2022 Dlrectors of the Llmttod Company Tieman Ff(zgibbon Joana Gana Ollie Hester Kumiko Mendl Pelia Tzanova apFointed 12 August 2022 appoinled 12 August 2022 appointed 12August 2022 12 August 2022 app)int8d 12 August 2022 Artlstlc Dlrectorand CEO Jack Lowe Executlve Produ¢or Suzle Klrk Dumitru resigned 02 Soptember 2022 Indgp•nd•nt examlners Fordham Financo Group LTD Bank•rs Barclays Bank. 5- 7 Red Lion Street, Norwich NR13QH. Registernd offlce and operatlon address St SiTnon and St Jude Church, 49 Elm Hill, Norwich NR3 1HG.
urtous Dlr¢cllve (LImIl by Guarantee) Dlrectors. ITrustses' Roport The director and tfustees present their anral report tcgether with the finandal slatem&nts of the charity for the period ended 31 March 2023 which are aso prepared to meet the requ1mentS for a directors. report and accounts for Companies Act purposes. The referen and admlnlstratiV8 details set ujt on pages 1 and 2 fcrfm part of this rewxl. The financial statements comply witti Charlties Act 2011, the Companies Act 2006, th8 Memorandum and Article$ of Aswdation and Accounling and Reporting by Chafilies.. Statsment of Recomm8nd8d PractKe aPIcable to charf(ies preparing their aco)unts in accord8nce with the Financial Reports'ng Standard applicable in the UK and Republic of Ireland (FRS 102). These finan¢i81 statements r•pr•sent consolidated xtivty includlng that of the charity's newly formed trading subsidlary. The actiwty was in its infancy during the reporting period and will therefore become more developed over future periods in order to contribute rrttye signrficantly to the charity's overall objectives. ¢urfou5 dIr•Ctl - Prfnclpal actmty The pr(ncipal actsvity of the company was that of thealre productlon with a p2rtlcular focus on tourlng. worklng from their first pemanent home at 49 Elm Hill in NOrwh. The company aclivty is supported by Arts Council England's National Portfol Prcgramme and the building by Nomch Cty Counal and Norfolk County Council. Further Core grants have been achieved from Gatfeld Weston Foundation. The Fentors AJts Twst and Norwth Consolidated Ch8rilies. curlous dlr•ctlve- our Mlsslon ¢urlou$ dir8ctNe's mission 15 lo eXlOre theatre through the lens of science. curfous dlr0GtiVo- our Hypothesis 1. What? Everythlng we do engages aj expkKes how narrative theatre &in feveal the wonders of science. 2. HO We work in ambitious, dynamic. and unexpected ways. We introduc8 audnceS to lechnology and build our o)mmunity through theatre PToductlons and wider eXp8riens. 3. Who? We tell famillar storteg in unfaMlar ways. We always prioritise unheard vol$ wrihln our ever- growng cultural community. 4. Where? We worf( hyper-locally and Intemalionally as pwt of an internneCted approach. 5. Why? We believe science can h8lp ug all navigate 215t century lrfe- and that theatr8 is the b8st way to communlcale Ihese ideas. curiou$ dlrectlve- our bluepTlnt Yhe always excellent cui?ous directive'_ Lyn Ga curlous directive ts the only theatre company in the UK solely offering a YearQund theatre programme exdusively focused on science & society. Since 2008, curious directive's core mission has b88n to create world-class theatre exploring life through the lens of 5Ci6nce.
Curious Diro¢tlv• (Llmltad by Guardnteg) Dlrectors. ITruees' Report In 2022-23. with our flexible 417m cre8lton space in Norwlch. we have the engine rwm for our mission. exploring topics from astrophysics to zoology. These productions have toured tr) 120 venues reaching 170,000+ audience members regionalty, nationally. and internationally. Our 11 major productions have reiVed 17 awardsIrMInaliOnS (Induding tsvo Scotsman Fringe Frsts} with an intemational touring track-record across 11 countries, induding world-Tenowned conkmporary theatre festivals., from Melbcwjme to Hong Kong. Our work takes Norwich to the worfd. Our plays are published by BloomSry and our work Tegulady described as 'CUtdng edge, and/or'ground- breaking,. We start all our productions with our fvture aUdienS, with a Science Club. Our theatre has been called 'emolionally<harged'. 'heart-felt' and 'deeply moving, by audiences and critiGS alike. It has taken us 15 years for us to reach a replicable blueprint for an annual programme of work. Our 2022-23 programme. summarised below. showcases our core activity - and we hope ignites a shared passion with the reader. In shaplng our objectives for the year and planning our athities, the trustees have considered the Charity Commission's guidance on public benefrt, induding the guidance 'public benefit= runniro a charity {PB21'. I projecls follow bespokè publlc engagement activities. At every step of our charitatrAe activitses, we work with members of the public. curlous dlr8ctive- OUR 2022-23 CALENDER OF ACHIEVEMENTS APRIL 2022: Curious Culiures., 'hands on, chemistry in Care Homeg continues across Norfolk,. from pethme making. natural ink maknng to 3D printing. In partnership with Black Swan Care Group. 8eneficiaries'. 230 mAYULy 2022: Spindrift. a revival about QUanM Biology, ran for 4 weeks in our Main Hse theatre in Nolch. ..so moving...$upert)ly intell¥Jent and subtle...the cenlral metaphor of quantum mechanics may be found at the cellular leve15 of its concept. story. sound. light, Mdeo and theatre craft., *** The Stage. May 2022 8eneflGlarf88: 4,890 AUGUST 2022: Botsnlcal Garden Bar & Kitchen ran all summor In the garden next to our ¢hurch. We Independenlly manage the enterprise, focusing on local produ. greal food, and stowelling. 8eneficiaries'. 4,800 SEPTEMBER 2022: Our prcfject Maglc Me continued. with Longfield Care Home in Essex, exploring further scientific interactions in a Care trne settlng. Beneficiaries- 40
Curlous DlrgGtIvo (Umlted by Guarantso) Dlrector8' l Trugtsos. Report OCTOBER 2022: ojrious dlrective was on residew. perfomilro FROGMAN onboard QMII, and then In New York City. USA. developing new productions from prewous Science Clubs- Inciuding tim& spenl at the New Yfxk Museum of Natural Hlstory. Beneficsaries: 450 NOVEMBER 2022: curlou8 dlrective began work on Feudal. about Norfolk farming. We gathered soThE core artists together lo exF*xe the themes of the play. Beneficlarlas: 20 DECEMBER 2022: Ir annual theatre workshops In the community Ind WIng with local asylumlrefugoe charle$, Care Hom88 and St Marfn's Hou8ing Trust sharing and bulhJlng partidpant's intsrest in Scien. BeneficÈaries: 30 JANUARY 2023: Tho second year of our 3. week-long residencies called HYPOTHESIS retreats for 3 independent theatre ¢ompani8s. We offered £2,500 grants. industry trainin9 surgeries and space to dream. Our 2022-23 c4)mpanies included 'Max Percy & Friends,, 'Emergency Chorus, and 'The Whiting's On The Wall,. Beneficiari8s.' 15 FEBRUARY 2023: Sdence Club. a night out in science. Inthguing areas of science are infmally shared by a research scientisl wlth a Plzza, Pint (or non-akY)holk drink)- for £10. 2023 topics were'An IntroductKYt to Organ Donation, & 'An Intrc¥Juction to Sleep scYanc8'. Beneficiaries.. 630 MARCH 2023: Our txFworking Spa {at £68.501month} continued to help artists in Norwich professionallse their organisallon - swapping their kntchen tsble for a homely. affordth workspa¢e. Beneficiaries: 40 New (year-rrnd> charitable activity for 2022-23 1. CURIOUS CRÈCHE: We noticed that parents were struggling to afft)rd to pay for theatre tlckets due to the added additional cost of Ghildcare. In a city like N0Ch, where there ts a signfficant proportion of the populat with young families, thi$ is a blg problem for th8 maintenance and growth of our audiences. We piloted a scheme where we delivered a crèche. on site for a malinee perfomtsn¢• btheen 1pm¥3pm for famllEs. The safeguarding and logistical burden of this prtsJramme was signrficant, ixrt we beli8ve it is gmund-breaking. Ben8ficIarear. 60 (2022-23) 2. THE LABORATORY.. In 2022-23. 15 organisations benefitted Irom sectors ranglng from environmental groups to rnMun groups. Al received support from curious directive. Our fingerprints are all over many SUC$S1u1 projects launched from Norwkh. Beneficiar•ear. 478 (2022-231 3. TECHNICAL EQUIPMENT UBRARY: Theatre compantes rarely have the dget to explor& technic81 innovation. However. central to our productions ts th8 use of innovative sound, video, motion capture and more. In 2020 we started a Technical Equlpment Library. This addipsses the 'blL)ckage' that artists often feel wrth the
Curlous Dlr•ctlv8 (Umltsd by Guarantee) Dlrectors. ITrustses' Report use of technobgy. Whilst the use of technology is not th8 only way to expand prnctics. A is now very commonpla¢e for artists to come lo us first to request the use of equipment. and we always say 'y8S'. Beneficlarlear.' 390 (2022-231 Total beneficiari8s 2022-23: 12.073 Total audience (digital) 2022-23: 21.000 {44.000 page views) SOCIAL MEDIA FOLLOWING We post regularly atout our actlwties. parfculaty in NoMch. Instagram: 1733 Twitter. 3,900 POLICIES Policies for the 2022123 year ind18 (reviewed on a rolling basl$): 1. Privacy Policy. 2. HR Policy (Disciplinary and Griovan¢e Prccedure}. 3. Oigitsl Policy and Action Plan. 4. Sexual Har8ssment- Code of Bohaviour. 5. Environmental Policy and Action Plan. 6. Safeguarding Cod8 and Practice. 7. Health and Safety Policy for all freelancers. 8. Creative C8S6 for Div8rsty and Ewalilles Action Plan. 9. Updated Reserve5 Poltcy. 10. Data Collection Policy (internal). 11. Dignity and R8$pe¢t at Worf( Policy. 12. Recruitment Policy. 13. Training and Development Polw. 14. Procurement Method Statement. 15. Maternity I Patemity I Shared Parental Leave Policy. FINANCIAL REVIEW In 2022123. curious directlve wlll ntribUte £51,000 to reseryes. This amounts to just over 6 months Core operating costs. Thls is a SnIficant step for the Chartty. mad& possibl8 by the financial management of our founder and CEO, Jack Lowe. Our Arts Council England Natlonal Portr01 Organisation £91,471 ¢ontlnued as per usua. We have been able to attract new re funders from Garfield Weston Foundation, Fenton Arts Trust and Ihe NOlCh Consdidated Charlties. a5 well as an in-year addltlonal grant from Norfc4k County Council, in recognition of our signifiGant cLrfribution to the County. Our wre funding from Nomich Cty Council and Norfolk County Coundl also continues. STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is a company limibj by guarantee.
Curiou5 Dirn¢tivg (Umhed by Guarantse) Dlrnctors. ITruslees' Report The charfty has a Chair and a further six Twstees follow our Articles of Assodation as our govemance docum8nt (updated in 2020). Rgcnjltsnent of Trustees takes Pce after open dl$cus4on between the Artistic Director and Tho Board of Trustees during quartet1y Board me8tings atrJt gaps in our 5killset. An Open Call then is published across dlverse channels. The process of recfublment begins with an inrbal approach to an individual who has applled, followed by an informal meeting whare an invitation 18 rnado lo ob5eNe a Board meeting. The appointmenl is then put to a vote in the Board meeling, followed by a ssgnalure and a number of doujments shared wrth the new Board member. CAPACITY In 2022123, our Èam re(luced to 1.5ft8 to ensure a robusl, bul sllmline delivery team. SMALL COMPANY EXEMPTIONS This report is prepared in a¢¢c*daneA vth the provisions ofthe Companies Act 2CrfJ6 retating to small ¢ompanies. Thls re Board of Tte8S on 12.12.2023 and signed on their behalf by. n Crocker. Cha
Independent Examiner's Report to the Trustees curious directive
I report on the accounts of the charity for the year ended 31 March 2023, which are set out on pages 10 to 24.
Respective responsibilities of trustees and examiner
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under s. 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under s. 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1)accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
(2)the accounts do not accord with those records; or
(3)the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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.
Signed
Name: Mr. James Fordham ACPA
Relevant professional qualification or body: Certified Public Accountants Association (CPAA)
Address: 86-90 Paul Street London EC2A 4NE
Date: 15/12/2023
9
ID 7) <
Curfous Dlrocttv¥ {Llmlted by Guarants•) Unaudlted Consolldated Statement of Flnancial Activlti•s (Includlng Income and Expenditure Account) for th• yoar èndod 31 Mar¢h 2023 2022 Char Charity Inwbme trom donatlons grants and18ga¢l•s Grants ACE NPO bJndlng ACE Culture ReVery Fundlng HMRC Job RetentFon Sthème fundlng Othergrantslfundi 91,471 91,471 104,052 12.895 36,548 244,966 73.519 164,990 Incoma from charftablo a¢llvlt Th•atro Thèatre Incom• and project specific fundlng SSSJlop%tal funthng Box officeifeeslguarantees SSSJ èarned income other incomelreimbursed expenses 77.690 33.310 81,500 67,421 193,1 11
Curfous Dlre¢livg (Umlted by Guarantse} Unaudlted Consolldated Statement of Financlal Activlties (Includlng Income and Exponditure A¢¢ount) for the yoar ondod 31 Mar¢h 2023 2023 Charfty 2022 Charity Expondlturg on charltablo actlvlt106 Theatre Productlon costs Salaries Fees Socwl securty o)sts Pension Costs ProduCtn costs sssj TravellacthmmodatK#V$Ustertce MatInproM0t10n Production researchldevelopment Administratlonlsundn'es 87.803 12.458 7.553 101,379 85,092 5,381 2,322 68.795 110,586 17,505 3,141 18.270 37,078 4,631 535 411 170.183 395,062 Supwrt costs- page 13 Govemance costs. page 13 46.226 2,976 50.736 2.978 219.385 448,776 12
Curfou$ Dlrnctlv• Iumlted by Guarantog) Unaudlted Consolldated Statement of Flnanclal Actlvllles (Including Income and Expendlture Ac¢ount} for th• or8nd•d 31 Mar¢h 2023 2023 Charfty 2022 Charity Support and goveman¢e costs Support Costs Offl¢e ov•rhgads Telephonefintem8t Insuran Rep8irslmaSntenan Depreriation of production equipment Depreciation of fixlureslffttingslequipment Depredation ofvehides 774 5,634 2,888 7.500 12,196 2,145 1,958 3,976 5,791 8,628 4,291 31.137 25.624 Admlnlstratlon costs Fees TRiniWdevelopment Travdltrarp0rt ComputerllT (x)sts Printintypostagelstslior Advertising Subscyipts'onsllice8 Sundries 4,253 188 2.581 2,200 485 7,726 3,442 1.022 250 1.788 216 8,528 16.837 Profes81onaVfinanclal 8ookkeepi@accountancy sOf¥are Bank charges Bad debts 5,270 1,291 6,759 1.516 6,561 8275 46.226 1.736 Governance costs Legallprofessional AcCJntrnyIConsUltanCy 578 2,400 2,976 2,978 49,202 53,714 13
Curlou$ Dlr8ctfv• {Umft•d by Guarantee) R•glstratlon number 07287464 Unaudltod group and charlty balan¢0 sheet at 31 March 2023 Group 2023 Charlty 2023 Charity 2022 Flxod assots Tangible asset8 61,275 61.275 83.116 Total fixod asS0ts 61,275 61.275 83,116 Currènt assots Debtors Cash at bank and in hand 10 59.013 76,526 63.597 76,526 100.3C#) 3,075 Totsl Current a6s•ts 135.539 140.123 103,375 Cr•dftors: amount& falllng duo wlthln one y 11 123,605) {26.8301 (55,9911 N•t ¢urrnnt as8•ts 111,934 113.293 47.384 Cr8dltors: amounts falllng due After moro than ono y•ar 12 11,5CKI) Total net assets 173,209 174,568 129.OC(I The funds of thè charity Unr05tr1cted funds General fund Deslgnated fund Non4iartsble tradlng subsidiary Res&lctod funds 15 101.513 51,000 (1.359) 22.055 101,513 51.C 87,103 16 22.055 41,897 Tolal funds 173.209 174,568 129,000 For the year ending 31 March 2023 th8 company was entitled to exemplw from aLpJf( under sectton 477 of the Companies Act 2006 relating to small companies. No memb8rs have required Ihe charitable company to obtain an audit of its ac¢ounts for the year in question in accordance with Sl0n 476 of the Companies Act 2006. However, in accordance with seGtion 145 ofthe Charities Act 2011 the arLounts have LEen examined by an ind&pendent examiner whose report appears on page 9. Th8 Trustees 8c*nowladge Iheir résponsibility for complying with the requirements of the Act with Tegard to aCUnting reLY)rds and forthe pr8paration of accounts. These fin 8ubJe and tements have been pPared in accordance wth the provisions appllcable to companies he small nies. r e. The unaudited fiarjaI statements on pages 1tk24 were approve d for issue by stses on 08 212023. Croc The notes o an ntegral part of Ihe8e fjnancial statements. 14
Curlous Dlrectiv• (Llmltad by Guarantee) Charlty Cash Flow Statement for the year and 31 March 2023 2023 2022 Cash flows from oporatln9 actlvltle6 19 18,310 56,221 Cash flows from Investing activltlos: Dividends, interest and rents from investments Purchase of propety, plant equipment Not ¢ash provldod by Invostment actlvltle$ (65,3791 (65,3771 Change in cash at bank and in harKI in the rgporting period 73,451 (9.156) Cash at bank and in hand at the beginning of the pOrknng period Cash at bank and in hand al the end ofthe reporting period 3,075 12,231 76.526 3,075 15
Curlous Dlroctlvo (Umlted by Guarante•) Nots8 tothe Flnanclal Stst•m•nts forth? onded 31 Mar¢h 2023 Accountlng poll¢l•s 1.1. Baals ot preparfng the flnanclal stat•m•nts The financial statements have been prepared In acwdance Accounlsng and Reporting by Charities.. Ststemenl of R8cx)mm8nded Practlce Ilssued October 2019} applicable to charities praparing tt)eir acix)unts in accordancg with the Financial Rep)rttng Standard applicable in the UK and Republic of Ireland (FRS 102) {effectiv6 1 January 2019) - (Chatities SORP IFRS 102)), and th& C(Mnpanies Acl 2(J)6. The Charty m88ts the definltion of a public benefit entity under FRS 102. Assets and Ilabi1Iti8$ are Miitlally recognised at historul cost or transaction value unless othetwse ststed In the relan1 accounting policy notes. 1.2. preratIon of tho aecounts on a golng concern knls. The company 18 dependent on the continued support of grant aidwyg t*Jdies. The trustees belteve that the company will continue to receive this SUP1 and actdIrWfy nSider that it is appropriate to prepare the Inancial $tstements on the going concern basis. 1.3. In¢oming resour All in(¥mlng resources are includod in the Statement of Financi8lActivit18s when.. - the charity is legallyentitled to tho funds - any perfonnarKe coTrJittons attached to the income have been met or are lully wlthln th8 control of the charity - there is suffjclent c6rtaintythat roceipt ofthe incomè is c0nsk1ed probable - the amount can be I1abty measured . Donotlons and1••8 Grantsldonalions are rec¥Jgnised In ir{nIng resources In the year In which they are receivable, except as follows: -when donors specfy that grantsldonations given to the charity must b8 used in fulure accounting periods, the income is deferred until those perkyjs. - when donors Impos8 conditions which have to be fulfilled before the charity becomes enlitled to use such income, the Incom8 is deferred and not induded in incoming resour untll the preconditions for use are mel. - Charltablo actMtIo5 Theatre In¢ome - income from box office, perfomance fees and sundry other theatrical income is Included in incomlng resourcts in the period In whlch the relèvant show takes place. Prolect speclfic funding - when donors speclfy that donatlons and gTants arp for particular restricted purposes. which do not amount to pr&condftion$ regarfing entitlernanL this Income is inclLMled in IncomlrKJ resour of restrlcted fvrKts wF¢n re1V£ble. 16
CurSous Direcli {Limitgd by Guarants•) Notss to the Flnanclal Slatsm•nts for tho yoor onded 31 March 2023 . Donal•d sthvlces and facllltles Donated serviGos orfacilities are recognised as income when th8 charity has control overthe item. any conditions a$50clatad with tha donatsd item have been met, the r8c8lpt of economic benefit from the se by the charity of the f(em is probable and Ihat e¢onomic benefit can be measured reliably. On teoipc donated services and factlities a tECX)gnised on basis of the value of the giftto the charity whith is tho amount the chanty would have been willing to pay to obtaln sery1S or facilities of equivalent ewnomic benefft on the open market.. a correspondln9 amoLtnt Is then recognised in expenditure In the period of receipt. - Inv06tm?nt Income Intere8t on furKIs held on depos is induded when receivable al the amunt Can be measured reliably by Ihe charity. this is nomially upon nolfficalion of th8 interest paid or payable by the Bank. 1A Resources èxp•ndod All expenditure is induded on an accruals basis inclusive of any VAT which cannot b8 recovered and is reGognised when: - there Is a legal or constructive obligation to make a payN*nt - it is probable that s&Uement will be required - the amounl of the obligation can be measured relk9bly - Costs of ralglng funds Costs incurred in attractlng donations. and those incurred in trading actlvities that raise bjnds. - Charltable acuvltles Theatre production costs- costs Incurred in production and running of productions toured in the year. . Support costs The administrative and overhead costs a550ciated with running th8 office from vthich the company operates as well as govemance . Support are wholly attributablé to theatre productk)n costs. . Govemanco ¢ost8 Costs assockated wlth the constitutional and statutory requirements of the charlty. 1.5. Fund a¢¢ountlng Funds held bythe charity are either.. - Unrestricied 9eneral fund$ - these are funds whlch can be u8ed In accordance wllh the Charitsble objects at the discretion ol the trustees. - Restrlcted funds- these are funds that can only be used for particular restricted purp)sgs wlthin Ihe objects of the charty. Restrictions arise when spe¢ifi&d by the donor or when funds are ralsed for paTbcLAar restricted purposes. Further explanation of the nalure and wrpose of each fund 5$ iluded in the notes lo the flnancial 1.6. Pon81on8 The company operates a defined contribution scheme for th8 bonefits of Ils employees. contributions are recognised as expenditure wher¢ due. 17
Curtous Dlroctlve ILimited by Guarartse) Notss totho Flnanclal Ststements forth• y•ar ond•d 31 March 2023 1.7. Tanglble flxed agsets and d•pre¢lation Individual fixed assets Costing £300 more are capitalised al ¢osL Depreciation is provided at annual rates calcub8ted to write off the cost less residual value of eath asset over its expected usgfvl life. as fotlows.. Plant and ma¢hlnery FiXtu$/frttingSleqUipMent Motor vehides 5 ar5 straight line 5 years slraight line 8 years straight lino 1.8. Debtors Trade and otherdeblors are recognisod at the Settment amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of 8nd trade dlsccAJnts due. 1.9. Cash at bank and In hand Cash al bank and in hand includes cash and short tenn highly liquid investments with a short maturity of three month$ or less from the date of acquisition or opening of the deposrt or similar acLount. 1.10. Credltors and provisk)ns Creditors and provisions are recognlsed vthère the charity ha8 a present obligatlon resultiro from past event that will pr{ablY result In the transfer of fijnds to a third party and the amount due to settle the obligation can te measured or estlmated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trad8 disUnts due. 1.11. Flnancial Instruments The charity only has financial 8ssets and financial liabilities of 8 kind that quallfy as basic financial instruments. Basic financsal instwments are initially recognised at transaction value, and subsequently measured at th8ir settl&m8nt value. 1.12. Signlfi¢antAc¢ounllng Estlmal8sand Judgem8rrt¥ In detemiining the ¢arrying amounts of certain assets and liabilities, the charity makes asgumptions of the effects of uncertain firture evènts on those asset$ and liabilitles at the balance sheet dato. The chartys estimates and assumptions are based on historical experience and expectalton of future events and are revlewtrj annually. In¢oming resources The total incoming resources for the year have derived from the principal actiwty undertaken wholly in the UK. 18
Curious Dlrectlve ILlmlted by Guarantee) Notesto the Flnanclal Statsments for the year ended 31 March 2023 Other income 2023 Theatre Tax ReliefffTR) 32,539 85.KJ1 Nèt InGomel{expendtturo) forlhè year Is ¥tsted after crgIng. 2022 Depreciation of tangit4e fixed a58ets Independent Examiners. remuneration - indep8ndent examination - other services 21.842 18,710 1,200 1.368 1,2C(S 1.2CiI Tru8ts89' •moluments and rgkn1)urn•d expenses The trustees r6C8ived retrKmeration during the yew12022- £nil). The aggregated erThJunt reimbursed to trustees dLwing the yew was £nrf {2022- £nU). 19
Curiou$ DirortiVO {Limlted by Guarantso) NfAes to thtr Finan¢lal Statsrnents for tho year ended 31 March 2023 Staff costs and nUrn 2023 Staff costs Salaries and wages Social securty(x)sts Pension costs 87.803 7.553 101,379 5,381 96,902 109,082 No employee earned £60.000 or more during the year {2022- nil). The key management Personnel of the charrty o)mprise the Trustees and the Senior Management Team. The tolal employee b8n8fits of the key management personnel of the charity We £35,(IXI {2022- £35,000). Slaff numbèys The average numbers of employees (Induding casual and part time staffj during Ihe year was m8de up as follows- 2023 Numbor 2022 Number Productson Penslon costs The (Limpany operates a defin8d contribution pension schem8 in respect of its employees. The scheme and ts assets are held by independent managers. Th8 pension charge represents contributions due from the company and amounted to £1,44612022 - £2.322). The tharity is exempl from tsx on income and gains falling wrthin section 505 of the Taxes Act 1988 or section 252 of the TaX9n of Chargeable Gain$ Aot 1992 to the extent that tlwe are applied to rts chantable objects. 20
Curfous Dlrgctlve IUmll8d by Guarante&l Not•8 to tho Flnancial Statsm•nts fortho yoar endod 31 March 2023 Flx¢d assets-tanglblfr 8ts Fithregl flttlngsl eqylpment Motor hld88 Productlon equlpment Total 1 April 2022 NAlditions 37.504 66.288 17,163 120.955 31 March 2023 37.504 66.2e8 17.163 120,955 D•w&clalion 1 April 2022 Charge for year 31 March 2023 17.156 7.50 16.392 11196 4,291 2.145 37.839 21.841 24,656 59,680 Nfjl book valuos 31 M8rch 2023 12,848 37.700 10.727 61,275 31 March 2022 20.348 49.896 12,872 83.116 10. Debtors 2022 Trade debtors Other debtors PrepayThnts and ac¢w8d in(Dme 1,143 7.047 55,407 5.214 5.065 90,021 63,597 100,300 11. Credltors: amounts falllng dug wlthln one year 2023 2022 Loan Trade credrtors Othertsxationlsocial srity Other ctBdltors Loans to related parks Amals O&ferr8d income (note 13) 450 24.533 2,681 2,235 4,119 4.902 1,110 12.115 12.115 13,977 26.830 55,991 21
urlous txrectlve {Llmlted by Guarantee) Notos tothe Flnanclal Ststsments for th• yèar ond•d 31 March 2023 11 Crodltor8: amounts falling duo after more than one year 2W23 Loan 1,5C 13. Dotorred In¢ome Balance at 1 April 2022 13,977 Amount deferred in the year Balance at 31 March 2023 Deferred income relates theatre inwmÉ re¢%ived In advance. 14. Llmltsd by guaranteo The prtvate limited company is registered in EW - England & Wales. is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum. not exceeding £10. to the c£smpany shoukl it be wound up. At 31 March 2023 there We 7 members. 15. unrestr1¢t funds Brought forward Incom• ExpDndltur• Transf•rn Carrled Forward General fund 87,103 201.384 170.087 151,0001 51.000 101.513 D85ignatsd Fun 51.000 Totsl 87.103 201,384 170.087 152,513 *Tho d8slgnat•d fund r•pres8nts capital resoNes s•t asldo lor the pvrpose of potentlal wlnd up costs tho ¢ompany may Incur In the future.
Curlous DlrOGtlve {Llmft•d by Guarantsel Notss to the Flnanclal Statements for lh• yoar ended 31 Mar¢h 2023 16. Restricted funds Brought Fornvard Ino)me Expenditure Carried Forward Fixed Assets ACE Reboot New Anglia Magic me GaStr0rn1C 41,897 21.842 18.000 6.332 3.124 20.055 18.000 6.332 3,124 2.000 2.000 22.055 Flxed a$s•ts This fund consists of grantsldonations recelved specifically for the purchase of fixed assets. The funds are transferred lo the general fund over the expected useful life of the assets. The balance at 31 mSh 2023 Is attributable to: Pr0thCti eqLipment 20.055 20.055 Magic Me A multi-year prcgramme of acthiltylhat CUT$ dlrective is dellvwing in pathership wth Exc8lcaTe and Magic Me f¢X a car8 home in East Anglia. curious di¢11¥8 is proud to ntinue th8ir TrdIng relationship wtih Norwich Cty Council who have funded them to consolidate and build uwi their communty-facirffJ activitses in 49 Elm Hill. 17. Anatysls of net assets tset8n funds Goneral nds Rostrlctsd funds Total FuThJ balan¢•s at 31 March 2023 are represent8d by.. Tangible fi'x8d assets Net rrent assets Long t8m (liabilities 41,219 77.181 20,055 61.274 79,181 118,400 22,055 140,455 1B. R•lated partytransa¢dgns During the year, the Charity split Its tradlng activtties into a wholty owned Substdiary {CURIOUS DIRECTIVE ENTERPRISES LTD Company number 14098239). At the end ofthe period the ch8rity owed ts subsidiary £4.584 as an intere8t free loan repayatrAe on demand.
Curfous Dlrectlve {LlmRod by Guarantso) Notes to tho Flnan¢lal Statements fr•r th• y•ar ended 31 March 2023 19. Ro¢¢nclllatlon of not Incomel(expondlture) to nol cashflow from ¢)peratlng activities 2023 2022 Net incomel(expendliure) for the reporting period (as per tr stslement of financial activitres) Dèpreciallon Oividends. int8rest and rents from inveslments (In¢reaseydecrease in debtors Increasel(de¢yease) In treditors 11.455 74.979 (21.8421 {3) 76,584 (36.429) {18.7101 12) {85.128} 47.662 Not cash Infiowfrom oporatlng actlvltles 56,221