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2023-03-31-accounts

Charity registration number 1144790

Company registration number 07479300 (England and Wales)

S&N THEATRE COMPANY

T/A STUFF AND NONSENSE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

S&N THEATRE COMPANY T/A STUFF AND NONSENSE LEGAL AND ADMINISTRATIVE INFORMATION

Trustees T R Fowler J Fielder H Bovey Charity number 1144790 Company number 07479300 Registered office Austin House 43 Poole Road Bournemouth Dorset England BH4 9DN Independent examiner Rowlands Webster Limited Austin House 43 Poole Road Bournemouth Dorset England BH4 9DN

S&N THEATRE COMPANY T/A STUFF AND NONSENSE CONTENTS

Page
Trustrees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 15

S&N THEATRE COMPANY T/A STUFF AND NONSENSE TRUSTREES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

To advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of theatre.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and Performance

About us

S&N Theatre (known as Stuff and Nonsense) make inspiring theatre shows with puppets that have a strong physical & visual style. We collaborate with children in the creation of our shows, families see them in towns and cities across the UK where we also teach, lead workshops, and give schools resources. We are experts in working with children with SEND. Our aim is to connect children and adults through play, as a legacy of experiencing high quality theatre. We engage with around 250 children during the process of making a new show and then tour our high quality professional shows.

Based at The Lyric Theatre, Bridport, S&N is one of four @HOME Associate Artists at The Point, Eastleigh and has significant producing partnerships with Theatre Royal Plymouth, The Octagon, Yeovil and The Lighthouse, Poole.

We:

Our values:

These are the core beliefs that guide our actions, unite our team and define our brand.

  1. Children are at the heart of everything we do

  2. We are respectful and kind to everyone we work with

  3. We embrace uncertainty and risk

  4. Leadership is about good communication

  5. Resilience is necessary for creative freedom

  6. Collaboration is exciting

  7. 1 -

S&N THEATRE COMPANY T/A STUFF AND NONSENSE TRUSTREES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Our work in this financial period

Touring

This year has continued to show the after effects of Covid 19, with many tour venues unable to recruit good technical staff and operating with depleted marketing departments. Despite this we sold well at many venues, with evidence that family audiences are keen to experience live-theatre again.

We had a particularly successful Autumn, touring to four venues for Xmas. Each show was of the highest quality and with excellent marketing assets. We had no illness or covid disruptions.

After a successful pitch to the local council, The Man Who Wanted to be a Penguin went to Waterside in Sale for 4 weeks. Stephen Salt joined the cast of The Man Who wanted to be a Penguin, working well with Loretta Hope.

Pinocchio was reworked into the new space at The Drum, TRP (which now has a reduced stage area). This show is our best work to date, with incredible feedback from audiences and industry peers, as it showcases our groundbreaking work for families.

“ Stuff and Nonsense’s Pinocchio-a BIG story beautifully told with wit, verve and great skill! Contemporary Commedia for family audiences. “ Mike Shepherd-Kneehigh

“Stuff and Nonsense at the top of their game in the creative and downright entertaining Pinocchio” David Prescott (ex associate producer TRP)

“Stuff and Nonsense’s Pinocchio! It’s like Complicite for kids!” School Governor, Manchester

The Little Red Hen was revived and had a good run at The Stables in Milton Keynes, followed by good touring in Spring 23. Our lead performer stepped into the role when a member of the cast took maternity leave.

The Gingerbread Man had set and props updated and toured to The Macready Theatre, Rugby, they have booked a longer run for Xmas 23.

We were selected for the Newcastle Puppetry Festival with Gingerbread Man in April 23.

We made a successful bid to make a new show The Three Little Pigs , which will be co-written with children, with commissioning funds from Lighthouse Poole and Theatre Royal Plymouth with support from The Point, Eastleigh and The Lyric, Bridport. We have also secured some time to develop the show at NT studios through the NT Generate scheme.

We are seeing a trend for venues to take their Xmas shows in house, which is a threat to our touring model, at least in the short term whilst venues recover from covid. We are working on a more diversified income model with international touring and digital funding streams. We are also exploring presenting shows as underplays to adult work, as this could offer opportunities for venues to maximize use of their spaces.

During this financial year we have toured to 10 venues with 158 performances, which were seen by 17, 427 children and families and generated over £183,000 in box office income.

S&N THEATRE COMPANY T/A STUFF AND NONSENSE TRUSTREES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Marketing and PR

Participation

‘a pupil who has been mute throughout his school life, who has only spoken in front of/to one trusted member of staff after almost two years of careful interventions and relationship building, chose to share an idea with Anna on the first afternoon she attended. This to me speaks volumes about how keen he was to share, how comfortable he was in the situation and how engaged he was in the process. He is a pupil with incredibly high anxiety, particularly around speaking, and the fact that he chose to share of his own accord is really, truly incredible. ‘

Access

S&N THEATRE COMPANY T/A STUFF AND NONSENSE TRUSTREES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Access

Fundraising

Applications made to John Ellerman ,The Postcode Lottery, Land Christian Marsh Foundation, Lennox Hannay Trust, Wyford Charitbale Trust and N Smith Trust were unsuccessful.

Training

Staffing

Our marketing associate and production manager both left the company in Dec 22. We held a thorough recruitment process to replace these key roles. We appointed a writer in residence to support our work with the children collaborating on The Three Little Pigs . The Artistic Director and Producer attended an away day with the board and a two-day residential to write a 10-year vision for the company.

S&N THEATRE COMPANY T/A STUFF AND NONSENSE TRUSTREES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance Plans for 2022/23

Financial review

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This fund is currently at 4 months running costs £56,000. In addition there is £25000 designated to future productions, leaving a balance of £983 undesignated unrestricted funds. We thank The Backstage Trust for their grant of £15,000 (£10,000 deferred to future periods) and for grants from Arts Council England.

Structure, governance and management

The Charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S James (Resigned 4 August 2022) T R Fowler J Fielder H Bovey

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The trustrees' report was approved by the Board of Trustees.

T R Fowler Trustee

Dated

S&N THEATRE COMPANY T/A STUFF AND NONSENSE INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF S&N THEATRE COMPANY

I report to the Trustees on my examination of the financial statements of S&N Theatre Company (the Charity) for the year ended 31 March 2023.

Responsibilities and basis of report

As the trustees of the Charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Rowlands Webster Limited

Austin House 43 Poole Road Bournemouth Dorset BH4 9DN England

Dated: ....11/07/2023.....................

S&N THEATRE COMPANY T/A STUFF AND NONSENSE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income and endowments from:
Donations and
legacies
2
14,333
33,276
Charitable activities
3
132,461
10,000
Investments
399
-
Other income
4
15,619
-
Total income
162,812
43,276
Expenditure on:
Charitable activities
5
172,298
60,883
Net (expenditure)/income
for the year/
Net movement in funds
(9,486)
(17,607)
Fund balances at 1 April
2022
91,469
17,607
Fund balances at 31
March 2023
81,983
-		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
47,609
9
12,500
142,461
88,833
133,541
399
8
-
15,619
-
-
206,088
88,850
146,041
233,181
39,534
179,907
(27,093)
49,316
(33,866)
109,076
42,153
51,473
81,983
91,469
17,607		 Total
2022
£
12,509
222,374
8
-
Donations and
legacies
2
Charitable activities
3
Investments
Other income
4
Total income
Expenditure on:
Charitable activities
5
Net (expenditure)/income
for the year/
Net movement in funds
Fund balances at 1 April
2022
Fund balances at 31
March 2023
234,891
219,441
15,450
93,626
109,076

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

S&N THEATRE COMPANY T/A STUFF AND NONSENSE BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Income funds
Restricted funds
Unrestricted funds
Designated funds
12
General unrestricted funds		 2023
£
371
139,559
139,930
(57,947)
81,000
983		 £
81,983
-
81,983
81,983		 2022
£
1,460
126,827
128,287
(19,211)
81,000
10,469		 £
109,076
17,607
91,469
109,076

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 11 July 2023

T R Fowler Trustee

Company registration number 07479300

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

S&N Theatre Company is a private company limited by guarantee incorporated in England and Wales. The registered office is Austin House, 43 Poole Road, Bournemouth, Dorset, BH4 9DN, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

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

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

2 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
-
-
Grants towards overhead costs (The Backstage Trust and Arts Council England)
14,333
33,276
14,333
33,276		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
-
9
-
47,609
-
12,500
47,609
9
12,500		 Total
2022
£
9
12,500
12,509

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

3 Charitable activities

Charitable Charitable
Income Income
2023 2022
£ £
Sales within charitable activities 140,170 125,955
Performance related grants - 91,557
Ancillary trading income 2,291 4,862
142,461 222,374
Analysis by fund
Unrestricted funds 132,461 88,833
Restricted funds 10,000 133,541
142,461 222,374
Other income
Unrestricted Total
funds
2023 2022
£ £
Other income 15,619 -

4 Other income

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

5 Charitable activities

Charitable
Charitable
Expenditure
Expenditure
2023 2022
£ £
Production of Children's Theatre 228,718 215,784
Share of support costs 3,000 2,348
Share of governance costs 1,463 1,309
233,181 219,441
Analysis by fund
Unrestricted funds 172,298 39,534
Restricted funds 60,883 179,907
233,181 219,441

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. Except for

7 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
2 2

There were no employees whose annual remuneration was more than £60,000.

8 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2023
£
(1)
372
371		 2022
£
(3)
1,463
1,460

S&N THEATRE COMPANY T/A STUFF AND NONSENSE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

10 Creditors: amounts falling due within one year

Notes
Bank overdrafts
Other taxation and social security
Deferred income
11
Trade creditors
Accruals and deferred income
11
Deferred income
Prepaid grants
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities		 2023
£
105
19,746
35,391
-
2,705
57,947
2023
£
35,391
2023
£
35,391		 2022
£
105
15,868
-
500
2,738
19,211
2022
£
-
2022
£
-

12 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Incoming Balance at Incoming
Balance at
resources 1 April 2022 resources 31 March 2023
£ £ £ £
4 months running costs 56,000 56,000 - 56,000
Future production match funding 25,000 25,000 - 25,000
81,000 81,000 - 81,000

13 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).