FUEL PRODUCTIONS UMrrEO
IA company limited by guarantee)
Trustees. Report and Financial Statements
For the Year Ended 31 March 2022
Charity number 1149680
Company number 07935786 (England & Wales)

FUEL PRODucfioNS LIMITED
Annual Report and Atcounts
For the Year Ending 31 March 2022
coNtENTS
Page
Report of the Directors ITrusteesl
2-10
Legal and Administrative information
Auditorfs Report
11-14
Statement of Financial Activities
15
Balance Sheet
16
Cashflow Statement
17
Notes forming part of the Financial Statements
18-26

FUEL PRODuclloNS UMrrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
Report of the Dirertors ITrusteesl
The Directors present their report and financial statemerrts for the year ended 31 March 2022, which
are also prepared to meet the requirements for a Directors. Report and Accounts for Companies Art
purposes.
The financial statements have been prepa￿d in accordance with accounting policies set out in the
notes to the accounts and comply with the chariws governing document. the Companies Act 2006.
the Charities Act 2011 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 IFR51021.
Objectives and activities
The charl￿5 objectives are "to promote. maintain. improve and advance education with particular
reference to encouraging and stimulating public appreciation, artistic knowledge and understanding
of all forms of the dramatic arts and by promoting the training of theatre professionals and those
working in the art5. The charity a150 aims to advance the arts for the benefit of the general public bv
promoting and facilitating access to performances of dramatic art".
The charity'5 main goals for the year were to fvndrai5e for, develop and present a programme of
work by a wide range of live performance makers, and present this programme to as diverse a public
audience as possible.
STRATEGIC REPORT
l. Relationships with Affiliated Organisations
We maintain close relationship5 Wlth major funder5 for revenue artivity, notably Art5 Q>uncil
England, the Esmée Fairbairn Foundation and the Paul Hamlyn Foundation. During the yèar we also
secLJred new major funders for revenue activity, namely the Foyle Foundation and Backstage Trust.
We brOke￿d new exciting partnerships with organisations outside the arts. securing sponsorship
towards new artist commissions from PWC IPricew2terhouseCoopersl- a multinational professional
services network of firms. operating as partnerships under the PWC brand.
2. Achievements and Perfomiance
In 2021122 we worked with 347 theatre makers, produced 13 live and digital performances across
27 UK and international venues, engaging with 1,777 participants and 63,59018,832 live and 54,758
digit31l audience members. In addition, we also supported a further ISI artists and the8tre makers
develop and research new ideas for 12 new projetts including work by lead artists Pauline Mayers,
Racheal Ofori, Lucian Msamati and Rachel Bagshaw.

FUEL PRODuclloNS UMrrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
2021122 Preserrtations
Production
ArknstlComp3ny
No. of
No. of
presentation5
Audience N05
venue5
Love Lettets at Home
Uninwted Guests
14 May 21
197
Touching The Void
David Greig and
Tom Morri5
Various
26May21-
December 2021
17 June 2021
19
8,862
Heroes ofthe NHS
An Evening wirh an
Immigrant
Inua Ellams
15June 2021-29
January 2022
io
1.331
Signal Fires Ipodcastl
Variou5
1SJune
22
Novernber2021
28 June- 22
November2021
17 Seprem￿r
2021- 26 March
2022
NIA
44
44
Everyday Moment5
Ipodcastl
The Midnight Run
Variou5
NIA
26
26
Inua Ellams
127
Fly The Flag 2020
Variou5
14June 2021- 10
December 2021
10 Septembpr -
25 October2021
19 September
2021- 26 March
2022
Unlimited
49,000
Pe3ceophobi
Commonwealth &
Speaker5 Corner
Heaiher theponE
23
1,323
io
The Body Remembers
77
1.661
li
Lock Her Up Ipodca5tl
Variou5
DI- 22 November
2021
NIA
12
While You Wait
Ipodcastl
Various
15- 22 November
2021
NIA
13
Salt and SuEar IdiEltall
Hema Palani
19- 24 ottober
2021
80
27
228
63.S90
a) Public Benefrt
The charity complies with section 17 of the Charities Act 2011 having due regard of the public
benefit guidance published by the Commission.
In 2021122 we delivered a mixed programme of live performances and workshops, streamed
performances and talks. and perfomiances. both indoors and outdoors.
Highlights included:
Peoceophobiu, co-produced with Common Wealth, had its world premiere in September
2021 with a sold out run of ten shows in Bradford. Sold-out performances in Manchester, in
collaboration with Contact and HOME, followed in Ortober 2021. In April and May 2022, the
show will travel to NO￿lCh and Brighton Festivals. The next stops in the tour will be a return
to Bradford in August 2022. followed by Horizon Showcase in Edinburgh, before the show
tours to Greenwich & Docklands International Festival in September 2022.
"I witnessed the power oftheotre. Not just stones but reol lived experiences of the young
men centre stage" Audience feedback
We corhtinued lead producing Fly The Flag in partnership with Eden Court Highland5, The
MAC, Sadler's Wells and Wales Millennium Centre. and in association with Belfast

FUEL pRODU￿10N5 UMtrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
International Arts Festival. In 2021, Fly The Fl(Jg focused on Article 19- the right to freedom
of opinion and expression- in an ambitious new project created by choreographer Oona
Doherty alongside four associate artists. It culminated with the release of a new film created
by young people acr055 the four nations of the UK, broadcast by Sky Arts on 10 December
2021, Human Rights Day, which can be viewed here.
bl Representation
Representation is one of our core values and in all our work we seek to increase inclusion and access
to the arts for practitioners and audiences.
35% of Fuel's 2021122 programme of work was led by Black. Asian and other ethnic minority artists:
9% of our lead artists identified as Black or Black British
14% as Asian or Asian British
12% identified as MixedlArablOther including Latinx
In addition, 14% of artlStS Stated they are disabled andlor have a long-term health condition, and a
further 15% stated they were neuro divergent.
In looking to present the most vital work of our time5, we are committed to our Strong focu5 on
producing work by artists from Under-rep￿$ented demographics. maintaining representation on our
board, staff team and in offstage freelance roles. and actively enÈa@inÉ audiences and participants
from often under-served demographics. We acknowledge our responsibility to do more with and for
all minorities amongst theatre makers and audiences in the future. During the last financial year. we
continued arting on our Anti-Racist Promise and have reviewed our Equality and Inclusion Policy as
well as drafting and implementing an anti-ableism pledge. sUPPOrting freelancer5 to create the New
Normal Manifesto and working with the Producing and Touring Companies network to create an
Anti-Racism Touring Rider.
cl Touring
Despite the extended restrictions on our ability to tour. Fuel was able to deliver an adapted
programme of work including Heather AgYepOn￿S The Body Remembers. The Body Remembers
began its long-awaited UK tour at Bernie Grant Arts Centre. before a run at Battersea Arts Centre in
October/November 2021. In total. 1.600+ audience members saw The Body Remembers on a tour
that spanned across the UK. from Exeter to Glasgow. with l(fA complimentary tickets given to a
range of audience members including women who had worked with the charity Body and Soul, and
The Maya Centre. a charity that specialises in intercultural therapy for women who have
experienced trauma. This wa5 Fuel's first e-van tour documented here for the benefit of the wider
sector.
dl International Reach
Despite the pandemic, in 2021122 we continued to find opportunities for international collaboration
and presentation. 2022 wa5 due to open with a three-city tour of Inua Ellam5' An Evening with Gn
ImmA£tront, at Under The Radar (New York), Oklahoma City Rep (Oklahomal and Stanford Live
(Stanford. Californial. The lead up to the tour was less than ideal. with the period between Christmas
and New Year bringing emergency meetings with Under The Radar, who decided that the festival
could not carry on due to rising instances of Covid-19 in New York. Oklahoma City Rep Theater and
Stanford Live both kept their capacity numbers capped. due to Covid restrictions. but a generous
audience turned up at both venues.
Plans for future periods
The Covid-19 pandemic and the c05t-of-living crisi5 forced u5 to re-evaluate our activity for 2022123
and beyond, and to reimagine what our role in society could be. both during the various stages of

FUEL PRODuclloNS UMrrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
lockdown and as we emerge from the crisis. The situation presents real challenges but as we are not
tied to a physical building, we are able to adapt to changing circumstances with agility.
Our top priority is to continue to reach and impart our beneficiaries, in particularthe artists,
communitie5 and audiences we Serve. We are adapting as sensitively a5 we can, seeking funding,
irhvestment and new source5 of income to ensure that we continue to provide development and
enEaEement for freelance theatre makers, and employment and traininÈ for our core staff team,
that we contribute positively to the arts sector and wider society as we rebuild. and that we reach
and engage audiences and communities across the UK and beyond in meaningful ways. We have
embraced sustainability as a new value with all its meanings. including environment31. human and
financial.
The last couple of years have changed how we live and interact. and how we produce and
experience live performance. Fuel is well placed to model new creative ways of reaching audiences
and participants. experiencing high quality new work of national significance that connects with the
mood of the times. exploring our place in a changed world so that we might understand it and each
other better.
Highlights for 2022123 include:
Issy, BOSSS and Frt7ctal, an immersive creative adventure for children aged 7+ created by
Keisha Thompson and Alan Lane, designed to take place directly in school playgrounds and
public space5. The production delivers a raft of curriculum-ba5ed learning, alongside exploring
big i55ues direttly afferting young people, such a5 climate change and social responsibility.
The Gretchen Question. a new play by Melly Still and Max Barton interrogating how we have
arrived at the current climate crisis through a political. social and cultural lens. aiming to
engage audiences who feel disconnected from the subject. The concept of the play derives
from Goethe's Foust. and refers to 3 simple query that cuts to the heart of a complex matter.
Our mired-up systems are failing to act in the face of a crisis. so there has never been a more
important time to ask such questions about climate change. This site-specific play will take
place on the historic grounds of Master Shipwrighvs House, once a major centre for
expansionism. and will be part of Lewisham Borough of Culture, which foreground5 artivism
as a key focus.
A Dead Body in T(J05, 3 new Fuel play written by David Farr and directed by Rachel Bag5haw
will tour the UK in autumn 2022. The development of the dramaturgy and of the design has
been informed by contemporary research and innovation in neuroscience and artifitial
intelligence. The produrtion poses an ethical dilemma.. upon the death of her mother, a
grieving daughter is left with the decision to restore their relationship through perpetuating
her mother's life through an algorithm resembling her 30-year-old self. or to let nature run
its course and let her go. With the potential of immortality. what are the limits of
consumerism?
Financial Review
The financial statements show the current State of the charitys finances for the year ended 31
March 2022.
As more produrtions were developed and presented following the lifting of government Covid-19
restrictions total expenditure rose by £271,179123%1 to £1,452,6LK)12021.' EI,181,4211. Total
incoming resources rose by a modest £18,7651l%l to £1,453,29912021.. £1,434,534) but a greater
proportion of income wa5 generated by activity than in the previou5 year, when the charity w35
reliant on the significant support of regular private funders and the UK government's Culture
Recovery Fund. £101,047 of projert designated funds were utilised in the year giving rise to a small
overall surplus of £699.

FUEL pRODU￿10N5 UMtrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
Fuel's principal sources of income are..
Produrtion fee5 to touring and presenting partner5.
Arts Council England funding a5 a National PortFolio Organi5ation.
Fundraising incorrhe through a mixture of donation5 from individua15, projert grants from
trusts and foundations and Arts Council England National Lottery Projert Grants in support
of individual productions.
The support of our partners is essential to our ability to continue supporting inspiring artists to
develop and present adventurous. playFul and significant work for people all over the UK and
beyond. Not all artistic projects are self-supportin& and the performing arts ￿lieS on a mixed
economy of funding to survive.
We are pleased to have been offered continued Arts Council England funding at current levels as a
National Portfolio Organisation for the 3 years April 2023 to March 2026.
Reserves policy
The trustees have examined the chariVs requirements for reserves considering the main risks to the
organisation. In light of the ongoing uncertainties arising from the Covid-19 crisis, both in the wider
economy and specific to the performing art5 sector, the trustees believe that the level of
unrestricted funds held by the charity should be around £250,000, being a 3-year average of 8
week5. turnover12019120 to 20211221.
A5 at 31 March 2022 unrestrirted General Funds were £249,69212021= £312,857) and total free
reserves were £227,69512021= £297,718). There was also designated unrestricted funds of
£295,32212021.. £188,293) carried fonvard to 2022123 to be used in direct project expenditure
during the year. At 31 March 2022 Restrirted funds were £144.25712021.. £187,422). The
undesignated unrestricted funds comprise free organisational reserves available across all of FPL'S
operations. All restricted funds are allocated to specific projerts and once these projerts are
complete no surplus is expected to remain from these restricted funds.
Going Concem
We have set out above a review of Fuel's financial performance and the general reserves position.
Our planning processes, including financial projections. have taken into consideration the current
economic climate and its potential impact on the various sources of income and planned
expenditure. The trustees consider that there are no material uncertainties about the Charity'5
ability to continue as a going concern. In forming this opinion, they have considered the likely
ongoing impact of the COVID-19 pandemic on both its income and expenditure for at least a period
of twelve month5 from the date of approval of these financial statements.
Investment poli¢y
Any available funds are held on the chariW5 bank account to enable it to meet its operational
obligations a5 they fall due. The trustees will considerthe investment ot surplus fund5 when Such
arise.
Risk Management
The trustees and senior management review the chariws major risks on an ongoing basis. The main
areas of risk to the tontinuing and orderly provision of services and mitigating fattors are..
Combined risk of economic and social factors
Fuel has a number of diverse and strong income streams which provide a sound mixed economy
operating model. The economic and social impact of Covid-19 and its consequences will affect our
activity and therefore our ability to earn and raise income.

FUEL PRODuclloNS UMtrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
Risk management and mitigation
Regular dialogue with key partner5
Comprehensive insurance policie5
Continuing to building a range of diverse income source5
Building an appropriate level of free reserves
Monitoring key areas and consider multi-year contracts or agreements where appropriate.
Flexible planning process -this allows considerable flexibility enabling us to vary our
activities in response to unplanned financial variances.
Risk of loss or inability to retain key members of senior management staff
Like many organisations of our size there is a reliance on a small executive team. Over the last two
years we have increased the size of the team and spread the responsibilities more broadly. This,
linked with succession planning and development of the wider Senior Management Team. has
helped offset this risk.
Risk management and mitigation
Comprehensive Business Plan
Succession planning where possible along with the development of transparent progression
routes
Extended notice period for Directors and key management staff
Building network of key collaborators
Spreading of operational responsibility across the senior management group
Structure, Governance and Management
Governing Document
Fuel Productions Limited (the charity) IFPLI was formed in February 2012 and is ￿gIstered with the
Charity Commissioners of England and Wales under registration number 1149680. It is a company
limited by guarantee (company registration number 07935786- England & Wale51 and is governed
by it5 Memorandum and Article5 of Association. Its operational address 15 currently at Somerset
House, South Wing, Strand, London WC2R ILA.
The charity is managed by its trustees who constitute the board of director5 and have been
appointed in accordance with the chariws Articles of Association. The directors in office during the
year ended 31 March 2022 were a5 follows=_
SWDEgan
K M E McGrath
l Hallgarten
S Thaker
S Hoyle
L Geissendorfer
I Sealey
W Martin
A Henry
N Benjamin
Chair
The day-t041ay management was carried out by Kate McGr3th (Director and Chief Exetutivel and
Ines Tercio (Executive Direcrorl during the year ended 31 March 2022. The registered office is
disclosed on the information page.
Appointment and training of Trustees

FUEL pRODU￿10N5 UMtrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
New trustees are proposed at quarterly meetings, and their proposal discussed by existing trustees.
Potential tru5tee5 observe at board meetings, at the end of which, a vote 15 taken as to whether to
appoint as a new trustee.
New trustees receive copie5 of Fuel Production Limited's business plan and are briefed on the
Structure and operation ot the cornpany.
Organisational strurture and de¢ision-making pro¢ess
FPL employs 3 producing, operations and production management team. In 2021-22, this consisted
of a Head of Programme. one Senior Producer and her maternity cover. three Producers across the
year. three Programme Assistants across the year. an Associate Dirertor. a Production Manager, a
Senior Technic31 Manager, a Fundraising Manager. a Communications Co-ordinator, an Executive
Assistant, a Gener31 Manager and a Head of Finance. FPL is led by Fuel's founding Director Kate
McGrath as Chief Executive. with an Executive Director. a Head of Pro@ramme and a part-time Head
of Finance and a part-time Associate Director.
A production team of freelancers is assembled for each project based on its nature and scale. During
the year we engaged with 498 freelancers on and oftstage. Regular projert and production
management meetings are held during the course of a projert to ensure it remain5 on schedule and
on budget.
The trustees are responsible for the management of the chariws business and charitable objectives.
The day-to-day management of the charity is delegated to Kate McGrath, the Dirertor and Chief
Executive, who implements poliry and strategy as approved by the trustees.
Related partles and t¢-operatlon wlth other organlsatlans
Any connertion bÈtwÈen 3 trustee or senior manager of the charity with a contrartor, consultant,
production company, contracted art15t, performer or funder must be disclosed to the full Board of
Trustees in the same way as any other contractual relationship with a ￿lated party. Note 11 details
the related party transartions reported in the year.
None of our Trustees receives remuneration or other benefits from their work as Trustees. Kate
McGrath. who is a Trustee. receives remuneration for her role as Chief Executive. further details are
provided in Note 10 to the accounts.
Reference and Administrative Details
Charity number..
1149680
Company number:
07935786
Registered Office..
South Wing. Somerset House. Strand. London. WC2R ILA
Fuel Productions Ltd is incorporated and domiciled in the UK.
The charity also makes itself known as Fuel.
Our advisors
Auditors
Knox Cropper LLP
65 Leadenhall Street. London. EC3A 2AD
Bankers
Barclay Bank plc
Bromley 3. Leicester. LE87 2BB
Legal advice
Sean Egan Consultants Ltd
50 Sheen Park, Richmond, Surrey, TW9 IUW

FUEL pRODU￿10N5 UMtrED
Annual Report and Accounts
Forthe Year Ending 31 March 2022
Dirertors and Trustees of Fuel Production5 Itd:
The directors of the charitable company Ithe charity) are its trustees for the purpose of charity law.
The trustee5 and officer5 serving during the year and since the year end were as follow5-
SWDEgan
K M E McGrath
J Hallgarten
S Thaker
S Hoyle
L Geissendorfer
J Sealey
Wmartin
A Henry
N Benjamin
Chair
Key managemerrt personnel..
Kate McGrath
Ine5 Tercio
Director and Chief Executive
Executive Director
Trustees. Responsibilities in relation to the financial statements
The tru5tee5 (who are a150 the directors of FPLfor the purposes of company lawl are responsible for
prep3rin8 the Trustee5' annual report and financial Statements in accordance with applicable law
and United Kingdom Accounting Standard5 (United Kirhgdom Generally Accepted Accounting
Company law requires the trustees to prepare financial ststements for each financial year which give
a true and fair view of the state of affairs of the charitable company and of the incoming resources
and application of resources. including income and expenditure. for the financial year. In preparing
those financial statements. the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP,.
make judgments and e5tirnate5 that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, subject to any
material departures disclosed and explained in the financial statements,.
prepare the financial Statements on the going concem basis unless it 15 inappropriate to
presume that the charity will corhtinue on that basis.
The trustees are responsible for keeping proper accounting records that are sufficient to show and
explain the charivs transactions and disclose with reasonable accuracy at any time the financial
position of the charity and to enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company and hence for taking reasonable steps for prevention and detertion of fraud and other
irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable companVs website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
other jurisdictions.

FUEL PRODuclloNS UMrrED
Annual Report and Accounts
For the Year Ending 31 March 2022
Statement as to disclosure to our auditors
In so far as the trustees are aware at the time of approving our trustees, annual report..
there 15 no relevant information, being information needed by the auditor in connection
with preparing their report, which the auditor 15 unaware of, and
the trustees. having made enquiries of fellow dirertors and the auditor that they ought to
have individually taken. have each taken all steps that they are obliged to take as a dirertor
in order to make themselves hware of any relevant audit information and to estsblish that
the auditor is aware of that infonnation.
Au(litors
Knox Cropper LLP were appointed as auditors during the year and have expressed their willingness
to continue in that capacity.
The above report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
The annual report and accounts, including the strategic report. was approved by the Board of
Trustees and signed on its by..
Katherine McGrath (Trusteel
Date.. 0911212022
io

FUEL PRODucfioNS UMITED
Annual Report and k¢ounts
Forthe Year Ending 31 March 2022
Independent Auditorfs Report to the Mernbers of Fuel Produrtions Limited
Opinion
We have audited the financial statements of Fuel Productions Limited Ithe'charitable company'l
for the year ended 31 March 2022 which comprise the Ststement of Financial Activities, the
Balance Sheet, the Cash Flow Statement and note5 to thè financial staternents, including a
summary of Significant accounting policie5. The finarhcial reporting framework that ha5 been
applied in their preparation is applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice). including Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at
31 March 2022 and of its incoming resources and application of resources, including its
income and expenditure. for the year then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice. including Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. and
have been prepared in accordance with the requirements of the Companies Act 2CIJ6.
8asis for opinion
We conducted our audit in accordance with International Standard5 on Auditing IUKI IISAS IUKII
and applicable law. Our responsibilities under those standards are further described in the
Auditors responsibilities for the audit of the financial statements section of our report. We are
independent of the charitable company in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethic31 ￿SponsIbl11t1eS in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties
relating to events or conditions that. individually or collectively. may cast significant doubt on
the charitable companvs ability to continue as a going concern for a period of at least twelve
months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprise5 the
information included in the annual report. other than the financial statement5 and our Report
of the Independent Auditor5 thereon.
Our opinion on the financial statements does not cover the other infomiation and, except to the
extent otherwise explicitly stated in our report. we do not express any form of assurance
conclusion thereon.
li

FUEL PRODucfioNS UMITED
Annual Report and k¢ounts
Forthe Year Ending 31 March 2022
In connertion with our audit of the financial Statements, our responsibility is to read the other
information and, in doing 59, consider whether the other information 15 materially incon515tent
with thÈ financial statements or our knowledge obtained in the audit or othÈrwi5È appears to
be materially mi55tated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there 15 a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information,
we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Art 2(M)6
In our opinion. based on the work undertaken in the course of the audit..
the information @iven in the Trustees. Report for the financial year for which the financial
statements are prepared is consistent with the financial statements- and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit. we have not identified material misstatements in the
Trustees, Report.
Matters on which we are required to report by eX￿ptIon
We have nothing to report in respect of the following matters where the Companies Art 2W6
requires us to report to you if. in our opinion..
adequate accounting records have not been kept or returns adequate for our audit have
not been received from branches not V151ted by us,- or
the financial statements are not in agreement with the accounting records and return5-
or
certain disclosures of tru5tee5' remuneration specified by law are not made,. or
we have not recewed all the information and explanations we require for our audit,. or
the trustees were notentitled totake advantsge of the small companies, exemption from
the requirement to prepare a Strategic Report or in preparing the Trnstees. Report.
Responslbllltles of trustees
As explained more fully in the Ststement of Trustees Responsibilities, the trustees Iwho are also
the directors of the charitable company for the purposes of company lawl are responsible for
the preparation of the financial statements and for being satisfied that they give a true and fair
view. and for such internal control as the trustees determine is necessary to enable the
preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the financial statements. the trustees a￿ responsible for assessing the charitable
company's ability to continue as a going concern. disclosin& as applicable, matters related to
going concern and using the going concern basis of accounting unless the trustees either intend
to liquidate the charitable company or to cease operations, or have no realistic alternative but
to do so.
12

FUEL PRODucfioNS UMITED
Annual Report and k¢ounts
Forthe Year Ending 31 March 2022
Our responsibilities for the audit of the financial statements
Our objective5 are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue a Report
of the Independent Auditors that includes our opinion. Reasonable assurance 15 a high level of
assurance but is not a guarantee that an audit conducted in accordancewith ISA5 IUKI will always
detect a material misstatement when it exists. Mi55tatements carh arise from fraud or error and
are considered material if, individually or in the aggre@2te. they could reasonably be expected
to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities. outlined above. to detert material
misstatements in respect of irregularities. including fraud. The extent to which our procedures
are capable of detecting irregularities. including fraud is detailed below=
The engagement partner ensured that the engagement team collectively had the
appropriate competence, capabilities and skills to identify or recognise non-compliance
with applicable laws and regulations.
We identified and focused on the laws and regulations applicable to the charity through
discussions Wlth management, and from our knowledge and experience of the sertor.
We assessed the susceptibility of the tompanWs financial statements to material
misstatement, including obtaining an understanding of how fraud might occur, by
considering the key risks impacting the financial statements. These included risks
associated with revenue recognition. application of accounting estimates, management
override of controls and the monitoring of beneficiaries.
Based on our understanding we designed our audit procedure to identify non-
compliance with the relevant laws and regulations. These procedures included review
of reporting to the Board members with respect to the application of docurnented
policies and procedure5 and a review of the financial statements to ensure compliance
with the Scheme's reporting requirements.
Our approach was to check that all re5tritted income was properly identified and
separately accounted for and to ensure that only valid and appropriate expenditure was
charged to restricted funds. Thi5 included reviewing journal adjustments and unusual
transactions.
There are inherent limitations in our audit procedures described above. The more removed that
laws and regulations are from financial transactions. the less likely it is that we would become
aware of non-compliance. Auditing standards also limit the audit procedures required to identify
non-compliance with laws and regulations to enquiry of the trustees and other management
and the inspection of regulatory and legal correspondence. if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise
from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located
on the Financial Reporting Council's website at www.frc.org.uk/auditorsre5ponsibilities. This
description form5 part of our Report of the Independent Auditors.
Use of our report
This report is made 501eW to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of the Companies Art 2(K)6. Our audit work ha5 been undertaken so that
we might State to the charitable company'5 member5 those matter5 we are required to State to
them in an auditor5. report and for no other purpose. To the fullest extent permitted by law, we
13

FUEL PRODucfioNS UMITED
Annual Report and k¢ounts
Forthe Year Ending 31 March 2022
do not accept or a55ume responsibility to anyone other than the charitable company and the
charitable company's members a5 a body, for our audit work. forthi5 report, orfor the opinions
we have formed.
Richard Billinghurst FCA15enior Statutory Auditor)
for and on behalf of Knox Cropper LLP
65 Leadenhall Street
London
EC3A 2AD
Date..
1511212022
14

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Fuel Produrtions Limited
Balance Sheet as at 31 March 2022
Charity number 1149680
Company number 07935786 IEn8land & Wales)
Notes
2022
2021
Fixed Assets
Tangible a55ets
12
21,997
15,139
Current A55ets
Stock
Cash at bank and in hand
Debtors
13
3.067
649,877
154,531
15.285
822,760
908,274
210,779
6,000
1.125.053
14
Investments
15
Creditors falling due within one year
Net Current Assets
16
1155,4861
667.274
1451,6201
673,433
Total Net Assets
£ 689,271
£ 688,572
Funds
18
Unrestricted funds- General Funds
Unrestricted fund5= De5ignated= Productions
Unrestricted funds: Designated= Digital Investment
Unrestritted funds= Designated= Digital Infrastructure
Unrestricted funds: Designated: Sustaining Excellence
Unrestricted funds= Designated= Artist Development
Unrestricted funds: Designated: Project Development
Unrestricted fund5= De5ignated= 2022 Programme Recovery
Restricted funds
249,692
102.783
312.857
76,711
2.470
15,0(
19,891
22.985
51,236
5.693
9,391
17,205
50,250
Iio,cKJo
144,257
£ 689,271
187.422
£ 688,572
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companie5. regime.
The notes on pages 18 to 26 form part of these financial statements.
Signed..
Katherine McGrath, Trustee, on behalf of the trustees
Approved by the Board of Trustees on 0911212022
16

Fuel Productions Limited
Statement of Cash Flows forthe year ending 31 March 2022
Note5
2022
2021
Cash provided by {used Inl operating artivities
£1228,9911
£533,552
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Investment in commercial productions
Cash prowded by (used inl investing activitses
281
120,4021
19,2851
129,4061
246
13.7471
14,1(
10,599
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year
1258,3971
907.274
£649.877
544,151
364,123
£908,274
A. Reconciliation of net movement in funds to net Gish flow from operating activities
2022
2021
Net movement in funds
Add back depreciation charge
Add back loss on disposal of fixed assets
Deduct interest incorne Shown in investing activities
Decrease/lincreasel in stock
Decre35ellincreasel in debtor5
Increaselldecreasel in creditors
Net Cash used in operating artivities
699
253.113
5,817
112
12461
8.922
4,622
12811
13,0671
56.248
1296,1341
El228,9911
157,4361
332.192
£533,552
17

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
Accounting Policies
The princip313ccounting policies adopted, judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows=
a} Basis of preparatian
The financial statements have been p￿pared in accordance with 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 IFR51021
(effective l January 2019- (Charities SORP IFR510211, the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS1021 and the Companies Act 2(NJ6.
Fuel Production5 Limited meets the definition of a public entity under FR5102. Assets and liabilities are
initially recognised at historical c05t or transaction value unle55 Otherwise stated in the relevant
accounting policy notelsl.
bl Preparation of the a¢¢ounts on a going concern basls
The Trustees, having assessed the charivs financial position. its plans for the foreseeable fLItu￿, the
impact of the Covid-19 pandemic. the risks to which it is exposed and the detailed cash forecasts for
the 12 months from the date of signin& are satisfied that it remains appropriate to prepare the
financial statements on the going concern basis.
cl Legal Status
Fuel Productions Limited is a company limited by guarantee incorporated in England and Wales and
ha5 no share capital. In the event of the charity being wound up, the liability in respert of the guarantee
15 limited to £1 per member of the charity. FPL is registered as a charity with the Charity Commission.
The registered office is South Win& Somerset House, Strand, London WC2R ILA.
dl Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity. Unrestricted funds include donations and other incoming resources
receivable or generated for the objects of the charity without further specified purpose. Designated
funds are unrestricted funds of the charity which the trustees have decided at their discretion to set
aside to use for a specific purpose. Restricted funds are subjected to restrictions on their expenditure
imposed by the donor or throuEh the terms of an appeal. Expenditure which meets these criteria is
charged to the fund.
el Income
Income 15 recogni5ed when the charity has entitlement to the funds, any performance conditions
attathed to the itemlsl have been met, it is probable that the income will be received and the amount
can be measured reliably.
Income from government and other grants is recognised when the charity has entitlement to the
funds, any performance conditions attached to the grants have been met. it is probable that the
income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a theatrical perfomiance or provision of other specified service is
deferred until the criteria for income recognition a￿ met (see note 171.
fj Expenditure
Expenditure 15 recogni5ed on an accrual basis as a liability is incurred.
Charitable expenditure comprise5those costs incurred bythe charity in the delivery of its activities and
5ervice5 for its beneficiaries. It includes both costs that can be allocated dirertly to such activitie5 and
18

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the charity and include the audit and costs linked to the strategic management of the
charity.
All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the
use of resources. Costs relating to a particular artivity are allocated directly, others are apportioned
on the basis of an estimate of the proportion of projert size.
gl Flxed assets
Individual fixed a55ets costing £5¢M> or more are capitali5ed at Cost and are depreciated over their
estimated useful economic lives on a reducing balan￿ basis as follows..
Office equipment
Production equipment
Website
25% on net book value
25% on net iK)ok value
33% on net book value
h) Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the
amount prepaid.
il Cash at bank and in hand
Cash at bank and cash in hand include5 cash and short term highly liquid inve5tment5 Wlth a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
jl Creditors and provisions
Creditors and provisions 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. Creditors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
kl Financial instruments
The charity has elected to apply the provisions of Sertion 11 "Basic Financial Instruments" and Section
12 '0ther Financial Instruments 155ues~ of FRS 102 to all of its financial instruments. Financial
instruments are ￿cogniSed in the chariws 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 financi31 statements,
when there is a legally enforceable right to set off the ￿CogniSed amounts and there is an intention to
settle on a net basis or ￿alise the asset and settle the liability simultaneouslv.
Derecognition offinancial liabilities
Financial liabilities are derecognised when the charl￿5 contractual obligations expire or are
discharged or cancelled.
11 Pension Contributions
The charity operates a stakeholder pension scheme which is available to all employees. Pension
contributions are charged to the SOFA as they become due.
19

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
Taxation
The charity is exempt from tax on income and gains falling within sertion $05 of the Taxes Act 1988 or
section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its
charitable objects.
2022
2021
Incorne from Donations
Individuals
Corporation5
Unrestricted grants
Culture Recovery Fund
Coronavirus lob Retention Scheme
Small Business Support Grant
35,508
35.862
74.500
181.929
7,955
70,000
428,729
36,251
10,000
£ 301,892
£ 580,842
Public financial support relating to the Covid-19 pandemic reteived in the year totalled
£189,88412021= £474,980).
4. Income from ¢haritablÈ artivities
Arts Council England - National Portfolio funding
Project Grants
Commission5
Production fees & charges
ricket sales & merchandise
Royalties
Consultancy
Other
204.861
624,006
117.332
86,357
7.096
511
36.342
74,621
204.861
476,045
112,453
28,546
2.896
8,756
17,489
2,400
£853. 446
£1.151.126
5. Investment In¢ome
Bank interest
281
246
£281
£246
Total incoming resources
£1.453.299
£1.434,534
Of the total incoming resources of El,453,299 in the year £624,006 12021.. £491,736) was restricted
under agreements to SUPPK>rt a mixture of productions and FPL programmes.
The charity receives a grant from Art5 Council England. a governrrhent funded organisation, a5 one of
their National Portfolio OrÈanis3tions INPOI. 2021122 was the final year of a four-year funding
agreement under which Fuel receives £201.160 each year Iplus 1.84% inflationary award in 2021122 and
20201211. In response to Covid-19 this agreement has been extended by one year to March 2023. These
grants are unrestricted funding to the organisation.
In both 2020121 and 2021122 Arts Council England awarded additional project grants to support specific
programmes of work. These amounts are included in Project Grants and in 2021122 amounted to
£145,23012021.' £71.9451.
20

FUEL PRODUCTIONS UMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
2022
2021
6. Expenditure on raising funds
Fees
Expenses
34.420
301
32,538
10.606
£ 43,144
£34,721
7. Charitable activities
Artistic & creative fees
534.427
139,198
483.866
693
338,342
88.815
439,314
4.414
33,180
27.652
684
Production & touring costs
Producing & produrtion staff costs
Royalties payable
Access costs
Marketing costs
Educational engagement
Set storage
Sundry expenses
Direct administration costs
Support tosts
I3.￿6
24.717
7,682
18,099
18.117
310
6,702
182.004
£1.410.394
449
179,690
£1,130,967
Support costs
Staff costs
Freelance fees
Office overheads
Administration costs
IT ¢05t5
Insurance
118.774
1,730
25.753
12,533
2.364
11.226
200
502
124,172
16,694
14.602
10,874
7.246
Legal & Professional fees
Sundry expenses
Depreciation
285
5,817
£ 179.690
8.922
£ 182.004
8. Governante
Audivlndependent Examination fees
7.485
7,310
9. Net incoming resources and expenditure for the year
2022
2021
This is stated after charging-
Depreciation
Lease payments in the year
Auditor's/lndependent Examiner's remuneration-
Audit fees
8,922
27.062
5,817
20.687
7,485
7,310
21

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
10. Analysls of staff costs, trustee remuneratlon and Èxpenses, and the tost of kev
management personnel
2022
2021
Salaries and wages
Social security costs
Pension costs
569.412
53.000
11.861
£ 634.273
The average number of full-time employees during the year were".
520.039
46,577
11,229
£ 577,845
2022
13
2021
Producing & production staff
Fundraising staff
Support staff
13
16
16
One employee received employee benefits in excess of £60,(X)O in the band of £70,000 to £80,00012021:
none). One employee receiving remuneration of £70.(I)O or more participated in the charitvs pension
scheme. The total employerfs contribution forthem in the year was £1,32112021- £1,309).
Pension c05t5 are allocated to artivitie5 in line with the related staffing costs and are wholly charged to
unrestricted funds.
In accordance with written authority of the Charity Commission on 23rd February 2018 as required bv
clause 4.3 of the Articles of Association. one trustee who is also an employee received remuneration during
the year. Details of the amount paid are set out below=
Salary and benefit
2022
2021
Pension Contributions
2022
2021
K M¢Grath
£72.115
£58,530
£1,321
£1,309
One other trustee received remuneration of £2(M) for their services related to legal advice provided to the
charity and not for their duties as trustees, which were unpaid. In 2021 no other trustee received
remuneration.
None of the Trustees were paid expenses in either 2021122 or 2020121.
The key management personnel of the charity comprises the trustees. the Director and Executive Director.
The total employee benefits of the key management personnel in the year was £118.27812021'. £104,2001.
11. Related party transartions
il The total amount of donation5 received from Trustees during the year was £l,00012021.. £10,000). In
both years 811 of these amounts were donated without conditions.
ill Kate McGrath is a direcror of Fuel Theatre Limited IFtLI which prior to 1st April 2018 acted a5 a spetial
purpose vehicle for Theatre Tax Relief claims. There were no related transactions in 2021122 or 2020121.
22

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
12. Tangible Fixed Assets
Office
Equipment
Production
Equipment
Website
Total
Cost
At l April 2021
Additions
Disposals
At 31 March 2022
7.202
24,921
1,249
15,600
47,723
14,309
20,402
115,6001 115,6001
14,309
52,525
12,046
26,170
Depreciation
At l April 2021
Charge for Year
Eliminated on Di5P05al
At 31 March 2022
2,934
2.278
18.672
1,874
10,978
32,584
4.770
8,922
110,9781 110,9781
4.770
30.528
5.212
20,546
Net Book Value
At 31 March 2022
£6,834
£5,624
£9,539
£21,997
At 31 March 2021
£4,268
£6,249
£4,622 £15,139
13. Stock
2022
2021
Books for resale
£3,067
14. Debtors
2022
2021
Trade debtors
Other debtors
39,376
115,155
£154,531
140,460
70,319
£210.779
15. Current asset investments
2022
2021
Investment in Commercial produrtions
£15,285
£6,000
16. Creditors: Amounts falling due within one year
2022
2021
Trade creditors
Accruals & deferred income
Other creditors
Social Security & other tax
37,367
87,079
15,010
16.030
£155,486
87,651
312,456
36.978
14,535
£451,620
17. Deferred in¢ome
Balance at l April
Amount released to incoming resources
Amount deferred in the year
Balance at 31 March
269,003
1269,0031
53.045
£53,045
269,003
£269,003
23

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
18. Analysis of charitable funds
Balance
l April
2021
Transfers
between
Fund5
Funds
31 March
2022
Income
Expenditure
Analysis of movements in unrestricted funds
Gener31 Fund
312.857
76,711
2.470
15.iKK)
19.891
22,985
51.236
829.293
1714,6321 1177,8261
141,7541
67.826
12,4701
19.3071
110.5(Kll
15.7801
131,2361
249.692
102,783
Designated Production5
Designated Digital Inve5trnent
Design3ted Digital Infrastructure
5,693
9,391
17,205
50,250
iio.000
£545,014
Designated Sustaining Excellence
De5ignaled- Artist Developtnent
Design3ted- Project Development
De5ignated- 2022 Progratnme Recovery
Total unrestrirted funds
30,250
IiO,(K)O
£ 30,250
E501.150
£829,293
£1815.6791
Analysis of movements in restricted fvnd5
Production funds..
CVC commissioning
2022 Programme
Creative Freelancers Shaping London's
Recovery
David Farr.. A Dead Body in Taos
David R05enberg & Frauke Requardt..
And The Shot-Gid5 Burst Into Flatnes
David Rosenberg & Frauke Requardt..
Localite
Fly The Flag
Freelance Task Force
41.708
19.0631
142,3721
1243.9751
32,645
72.622
243.975
130,2501
19.347
2.855
15.478
34,825
2,855
2.993
2,993
12,(K)01
16,1751
119,(XM)I
6.17S
15.(KM)
Heather Agyepong.. The Body Remèmbers
Inua Ellarns.. The 419
14.999
14,999
Inu3 Ellams.. Midnight Run Iculture Mile)
The Lab
iO.(KX)
8.500
13.587
Iio,(KN)I
18,5001
Iii.(M)01
Lewis Gibson.. The Day l Fell Into A
Book
Lucian Msamati.. Mugabe Project
Melanie Wilson.. Oracle
10.353
12,940
13.5¢Jl
20.931
16.167
13.500
120,9311
116.1671
11,ot)01
19.7441
NHS Heroes
Rathaèl Young= Thirst Trap
Rachel B3gshaw." Trio
Racheal ofori.. Soho SixlFLIPI
Slung Low.. Issy BOSSS and Fractal
Toby Olie.. There's a Bear On My Chair
Uninvited Guests.. Performing Futures
Will Adamsdale.. The Thing About England
Organisational development".
Fundraising consultant & staff
Audience developrnent and engagement
Sustaining ExtÈllence
Total restricted funds
9.744
2,000
37.940
14.953
137.9401
114.9531
13.3341
11.1861
3.334
1.186
25.200
28.(KlO
36,781
33.600
83.500
133.6001
1111.2001
134,7811
£1636,9211 £130,250)
25,200
300
2,000
£ 187.422
£624,(rfJ6
£ 144.257
Total Funds
£688.572
£1.453.299 £11.452.6001
£689.271
24

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
18. Analysis of charitable funds {corrtinuedl
Analysis of rnovernents in funds- previousyear
Balance
l April
2020
Transfers
between
Funds
Funds
31 March
2021
Income
Expenditure
Analysis of rnovernents in unrestricted funds
General Fund
Designated Production5
Designated Digital Investment
Designated- Digital Infrastructure
194.793
85.645
942,798
1785,0931
143,6841
17.5301
139,6411
34.750
312,857
76,711
io.(N
2,470
15,000
19,891
22,985
Designated Sustaining Excellence
Designated- Artlst Development
DÈsignated- Project DÈvelopment
Total unrestrirted funds
23.240
25,994
18,2401
13.0091
13,7641
£1851.3201
4,891
55.(M]O
£409.672
51,236
£501,150
£942.798
Analysis of movements in restricted fvnd5
Production funds..
CVC commissioning
COMMON.. Triplets
Common Wealth.. Peaceophobia
David Farr.. A Dead Body in Taos
David Rosenberg & Frauke Requardt..
And The Shot-Gir15 Burst Into Flames
Encounter.. The Kid5 Are Alri8ht
David Rosenberg & Frauke Requardt..
Localite
Freelance Task Force
118.2921
11.5191
13.OtM)I
41,708
1.519
19.347
19,347
2,855
2.855
17.375
2.993
117.3751
2,993
9.879
7.715
19,8791
17.7151
15001
Freelancer support
Gyre & Gimble.. The Hartlepool Monkey
Inua Ellarn5.' The 419
14.999
14,999
10,353
Lewis Gibson." The Day l Fell Into A
Book
Racheal Ofori.. Soho Six
10.3S3
11,0001
117.4431
15,4CM)I
1901
11,0001
17.9151
Rachaèl Young= Thirst Trap
Slung Low.. Issy BOSSS and Fractal
The Litten Trees
17.443
90
Torn StU3rt.. Burn Baby Burn
Uninvited Guests.. Love Letters Straight
From Your Heart
Will Adam5dale'. The Rubbish Show
4,000
7.915
3.560
12.3741
1,186
Organisational development..
Fundraising
Audience developrnent and engagernent
Sustaining Excellence
33.6(M)
130,0
158,607
18.41M)I
1102,LK)01
1126,1991
25.200
28,000
36,781
4.373
Total restricted fvnd5
£ 25.787
£ 491.736
£1330.1011
£ 187,422
Total Funds
£ 435.459
£1.434.534 E11,181,4211
£688,572
25

FUEL PRODUCTIONS LIMITED
Annual Report and Accounts
For the Year Ending 31 March 2022
18. Analysis of charitsble funds Icontinuedl
Designated Funds
Produrtion funds represent unrestricted eamed income from specific produttions set aside against costs
of their future development and preserrtation.
The Digitol Investment funds were held for investment in digital content production for audiences.
The Digital Infrastructure funds are held for planned investment in development of a digital content
distribution platForm.
The Sustoining Excellence funds are held to invest in developing collaboration between artists and
Scientists.
The ArtlSt Development funds are held to invest in commissioning and early-5tage development of new
ideas with artists.
The Produrtion Developrrrent funds are held to be used in the development of new projects with artists
Fuel has relation5hip5 Wlth.
2022 Progromme Recovery fund5 are held to be used as contingency against 2022123 project funding
shortfalls.
Restrlcted Funds
Restrirted Production funds are to support the costs of the future development and presentation of
specific productions.
The FundroisiftFg fund rep￿SentS funding from the Backstage Trust to support the engagement of a
consultant to support Fuel in the development and delivery of its fundraising strategy.
Audience Development is an initiative that aims to transform the relationship between Fuel's artists and
audiences, creating the possibility for new conversations between theatre makers and the communities
they vislt and within the communities themselves.
Sustt7ining Excellence is supported by the Wellcome Trust to enable Fuel invest in ways to better produce
and present live performance to a5 diverse an audience as possible.
Fund transfers
During the year a transfer of £177,826 was made from general reserves to designated reserves and
£30,250 from restricted funds to designated reserves. These relate to funds already allocated to projects
in 2021122 and to projects with unconfirmed income targets at the year end.
19. Analysis of net assets between fvnds
Tangible
A55et5
Current
A55etS
Total
Unrestricted funds
Restricted funds
21,997
523,017
545,014
144.257
144.257
£21,997 £667,274 £689,271
ZO. Operatin8 Lease Commitments
2022
2021
Within I
Inmo
than l year
Within I
In more
than l year
year
vear
Land and Buildings
34.812
£ 34.812
7,146
£ 7.146
27,062
£ 27,062
34,812
£ 34.812
26