##
||Page|
|---|---|
|Report ofthe Directors (Trustees)|2-10|
|Legal and Administrative
information||
|Auditor's
Report|11-13|
|Statement of FinancialActivities|14|
|Balance Sheet|15|
|Cashflow Statement||
|Notes forming part ofthe Financial Statements|17-25|
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##
||||||||No. of|No. of||
|---|---|---|---|---|---|---|---|---|---|
||production|||Artist/Company||Dates|venues|present
ations|Aildience Nos|
||oThose Born|Later (digital)||Uninvited
Guests||23 April, 11May, 20June
2022|||53|
|||||||18 - 21May, 25 - 29 May,||||
||Peaceophobia|||Commonwealth
Speakers Corner|&|15 - 21August, 24 - 27
August, 05-11September||30|2,427|
|||||||2022||||
||Issy, BOSSS&|Fractal||lan Lane and Keisha
horn
pson||16-20 May, 23 - 26 May,
06-14June 2022||26|725|
|4|he Day
I Fell
School test|into a Book—||Lewis Gibson||04-05 May 2022|||64|
||Salt and Sugar
digital)|(screening
and||Hema Palani||24June - 01July 2022|||Not known|
||05Fest|||Inua Ellams||01 - 07July 2022|||542|
||ORCH: Physic|||lice Oswald||17July 2022|||128|
||he Gretchen|Question||Melly Still||22 September
-02 October
2022|||918|
||Dead Body in Taos|||David Farr||30September - 18
November
2022||33|3,723|
|10|Fly the Flag (digital)|||enny Seaicy||10December 2022|||77|
||Love Letters Straight from Your
Heart|||Uninvited
Guests||26 February 2023|||32|
|12|he G retch
en
(digital)|Question|film|Melly Still||17 - 20 February 2023|||14|
|13|he Midnight
Dark|Run
—UEL|After|Inua Ellams||08 February 2023||||
|14|When
All Is Said (telephone)|||ravis Alabanza||13-17February, 06-
March 2023||90|90|
||||||||26|209|8,799|
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##
||||||||Notes|2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|E|
|Fixed Assets||||||||||
|Tangible assets|||||||12|17,077|21,997|
|Current Assets||||||||||
|Stock|||||||13||3,067|
|Cash at bank|and|in hand||||||465,880|649,877|
|Debtors|||||||14|214,577|154,531|
|Investments|||||||15|13,983|15,285|
|||||||||694,440|822,760|
|Liabilities||||||||||
|Creditors falling||due within one||year|||16|(169,245)|(155,486)|
|Net Current|Assets|||||||525,195|667,274|
|Total Net Assets||||||||E542,272|E689,271|
|Funds|||||||18|||
|Unrestricted|funds —General||Funds|||||195,709|249,692|
|Unrestricted|funds: Designated:|||Productions||||106,771|102,783|
|Unrestricted|funds: Designated:|||Digital Infrastructure||||5,693|5,693|
|Unrestricted|funds: Designated:|||Sustaining|Excellence||||9,391|
|Unrestricted|funds: Designated:|||Artist Development|||||17,205|
|Unrestricted|funds: Designated:|||Project Development|||||50,250|
|Unrestricted|funds: Designated:|||2022 Programme||Recovery|||110,000|
|Restricted funds||||||||234,099|144,257|
|||||||||f542,272|f689,271|
##
|||||Notes||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||f|f|
|Cash provided
by (used in) operating||activities||A|E(183,492)||E(228,991)|
|Cash flows from investing activities||||||||
|Interest income||||||25|281|
|Purchase oftangible fixed assets||||||(1,832)|(20,402)|
|Investment
in commercial
productions||||||1,302|(9,285)|
|Cash provided
by (used in) investing||activities||||(505)|(29,406)|
|Increase
in cash and cash equivalents||in the year||||(183,997)|(258,397)|
|Cash and cash equivalents
at the beginning|||ofthe year|||649,877|908,274|
|Total cash and cash equivalents
at the end|||ofthe year|||6465,880|f649,877|
|A. Reconciliation ofnet movement|in funds to net cash flow|||from operating||activities||
|||||||2023|2022|
|||||||6|6|
|Net movement
in funds||||||(146,999)|699|
|Add back depreciation
charge||||||6,752|8,922|
|Add back loss on disposal offixed assets|||||||4,622|
|Deduct interest income shown
in investing|||activities|||(25)|(281)|
|Decrease/(increase)
in stock||||||3,067|(3,067)|
|Decrease/(increase)
in debtors||||||(60,046)|56,248|
|Increase/(decrease)
in creditors||||||13,759|(296,134)|
|Net Cash used in operating
activities|||||g(183,492)||E(228,991)|
##
##
##
##
##
##
##
##
##
##
||charitable ob|jects.|||
|---|---|---|---|---|
||||2023|2022|
||||f|E|
|3.|Income from|Donations|||
||Individuals||23,688|35,508|
||Corporations||5,000|2,000|
||Unrestricted|grants|51,000|74,500|
||Culture
Recovery Fund|||181,929|
||Coronavirus|Job Retention Scheme||7,955|
||||E79,688|E301,892|
|4.|Income from|Income from|charitable|activities|activities|||
|---|---|---|---|---|---|---|---|
||Arts Council|England - National|||Portfolio funding|204,861|204,861|
||Project Grants|||||687,308|624,006|
||Commissions|||||187,253|117,332|
||Production|fees &charges||||166,920|86,357|
||Ticket sales|&|merchandise|||30,353|7,096|
||Royalties|||||6,515|511|
||Consultancy|||||42,019|36,342|
||Other|||||122,504|74,621|
|||||||f1,447,733|E1,151,126|
|5.|Investment|income||||||
||Bank interest|||||25|281|
|||||||E 25|f281|
||Total incoming||resources|||E1,527,446|E1,453,299|
||||||||||2023||2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E||E|
|6. Expenditure
on raising funds||||||||||||
|Fees|||||||||37,460||34,420|
|Expenses|||||||||898||301|
||||||||||E38,358||E34,721|
|7. Charitable activities||||||||||||
|Artistic &creative fees|||||||||438,942||534,427|
|Production
&touring||costs|||||||354,076||139,198|
|Producing
&production|||staff costs||||||517,272||483,866|
|Royalties payable|||||||||2,688||693|
|Access costs|||||||||10,117||13,006|
|Marketing
costs|||||||||77,543||24,717|
|Educationalengagement|||||||||8,611||7,682|
|Set storage|||||||||18,877||18,099|
|Direct administration||costs|||||||4,332||6,702|
|Support costs|||||||||195,739||182,004|
|||||||||E1,628,197||E1,410,394||
|Support costs||||||||||||
|Staff costs|||||||||129,256||118,774|
|Freelance fees|||||||||1,731||1,730|
|Office overheads|||||||||29,535||25,753|
|Administration
costs|||||||||11,809||12,533|
|ITcosts|||||||||3,224||2,364|
|Insurance|||||||||11,282||11,226|
|Legal &Professional|fees||||||||750||200|
|Sundry expenses|||||||||1,400||502|
|Depreciation|||||||||6,752||8,922|
||||||||||E195,739|E|182,004|
|8.Governance||||||||||||
|Audit/Independent|Examination||||fees|||E|7,890|E|7,485|
|9. Net incoming
resources and||||expenditure|||forthe year|||||
||||||||||2023||2022|
||||||||||E||E|
|This is stated after||charging:||||||||||
|Depreciation|||||||||6,742||8,922|
|Lease payments|in|the year|||||||34,774||27,062|
|Auditor's/Independent||||Examiner's||remuneration:||||||
|Audit fees|||||||||7,890||7,485|
|||||||||
|---|---|---|---|---|---|---|---|
||Analysis ofstaff costs,||trustee|remuneration|and expenses,|and the cost of key||
||management|personnel||||||
|||||||2023|2022|
|||||||f|E|
||Salaries and wages|||||603,996|569,412|
||Social security|costs||||59,481|53,000|
||Pension costs|||||13,942|11,861|
|||||||E677,419|E634,273|
|The average number ofemployees||||during the|year were:|||
|||||||2023|2022|
||Producing
&production||staff|||13|13|
||Fundraising
staff|||||1|1|
||Support staff|||||3|3|
|||||||17|17|
|||Salary|and|benefit|Pension|Contributions|
|---|---|---|---|---|---|---|
|||2023||2022|2023|2022|
|K|McGrath|F71,658||F72,115|E1,321|f1,321|
##
##
|12.|Tangible
Fixed Assets|Tangible
Fixed Assets|Tangible
Fixed Assets||||||
|---|---|---|---|---|---|---|---|---|
||||||Office|Production|||
||||||Equipment|Equipment|Website|Total|
||Cost||||f|f|f|f|
||At 1April 2022||||12,046|26,170|14,309|52,525|
||Additions|||||1,832||1,832|
||Disposals||||||||
||At 31March 2023||||12,046|28,002|14,309|54,357|
||Depreciation||||||||
||At 1April 2022||||5,212|20,546|4,770|30,528|
||Charge for Year||||1,708|1,864|3,180|6,752|
||Eliminated
on Disposal||||||||
||At 31March 2023||||6,920|22,410|7,950|37,280|
||Net BookValue||||||||
||At 31March 2023||||E5,126|E5,592|E6,359|f17,077|
||At 31March 2022||||E6,834|E5,624|f9,539|E21,997|
|13.|Stock|||||2023||2022|
|||||||f||f|
||Books for resale|||||f||E3,067|
|14.|Debtors|||||2023||2022|
|||||||f||f|
||Trade debtors|||||33,139||39,376|
||Other debtors|||||181,438||115,155|
|||||||f214,577||E154,531|
|15.|Current asset investments|||||2023||2022|
|||||||f||f|
||Investment
in commercial|||productions||E13,983||E15,285|
|16.|Creditors: Amounts||falling|due within one year||2023||2022|
|||||||E||f|
||Trade creditors|||||57,853||37,367|
||Accruals &deferred||income|||57,691||87,079|
||Other creditors|||||32,192||15,010|
||Social security &other tax|||||21,509||16,030|
|||||||F169,245||E155,486|
|17.|Deferred income||||||||
|||||||f||E|
||Balance at 1April|||||53,045||269,003|
||Amount
released|to|incoming resources|||(53,045)||(269,003)|
||Amount deferred|in|the year|||33,946||53,045|
||Balance at 31March|||||E33,946||f53,045|
##
|18. Analysis ofcharitable|funds|funds|||Balance|||Transfers|Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||1April|||between|31March|
||||||2022|Income|Expenditure|Funds|2023|
||||||||E|||
|Analysis ofmovements
in unrestricted||||funds||||||
|General
Fund|||||249,692|840,138|(820,220)|(73,901)|195,709|
|Designated - Productions|||||102,783||(69,913)|73,901|106,771|
|Designated —Digitallnfrastructure|||||5,693||||5,693|
|Designated
—Sustaining
Excellence|||||9,391||(9,391)|||
|Designated —Artist Development|||||17,205||(17,205)|||
|Designated —Project Development|||||50,250||(50,250)|||
|Designated —2022 Programme
Total unrestricted
funds||Recovery|||110,000
6545,014|f840,138|(110,000)
f(1,076,979)||6308,173|
|Analysis ofmovements
in restricted|||funds|||||||
|Production
funds:||||||||||
|Archive Project||||||2,891|(2,891)|||
|CVC commissioning|||||32,645||(23,850)||8,795|
|David Farr: A Dead Body in|Taos||||34,825|26,482|(61,307)|||
|David Rosenberg & Frauke
The Shot-Girls Burst Into|Requardt:
Flames|||And|2,855||(2,855)|||
|David Rosenberg
&Frauke|Requardt:|||||||||
|Localite|||||2,993||(2,993)|||
|Eska: Woman
& Machine||||||28,341|||28,341|
|Fly The Flag||||||59,252|(59,252)|||
|Hannah
Lavery: Protest||||||5,000|||5,000|
|Inua Ellams: Borders &Crossings||||||31,293|(6,764)||24,529|
|Inua Ellams: The 419|||||14,999||||14,999|
|Inua Ellams: 14th Tale||||||10,000|||10,000|
|Khalid Abdalla: Nowhere||||||26,991|(5,067)||21,924|
|Lewis Gibson: The Day
I Fell Into A|||Book||12,940||(9,201)||3,739|
|Lucian Msamati: Mugabe Project|||||13,500||||13,500|
|Melanic Wilson: Oracle||||||26,973|(5,001)||21,972|
|Melly Still: The Gretchen
Question||||||69,990|(69,990)|||
|Osoyegbon||||||6,728|(2,733)||3,995|
|Rachel Bagshaw: Trio||||||17,200|(10,895)||6,305|
|Racheal Ofori: Soho Six/FLIP!|||||2,000|17,500|(1,000)||18,500|
|Slung Low: Issy BOSSSand|Fractal|||||105,027|(105,027)|||
|Toby Olie: There's a Bear On||My Chair||||6,583|(6,583)|||
|Travis Alabanza: When
All|Is|Said||||20,459|(20,459)|||
|Uninvited
Guests: Performing||Futures||||73,098|(73,098)|||
|Organisational
development:||||||||||
|Fundraising
consultant
&staff|||||25,200|70,000|(42,700)||52,500|
|Audience development
and|engagement||||300|83,500|(83,800)|||
|Sustaining
Excellence|||||2,000||(2,000)|||
|Total restricted
funds|||||6144,257|6687,308|6(597466)||E234,099|
|Total Funds|||||6689,271|Etp527~446|E(1p674p445)||6542,272|
|18. Analysis ofcharitable funds|18. Analysis ofcharitable funds|||Balance|||Transfers|Funds|
|---|---|---|---|---|---|---|---|---|
|(continued)||||1April|||between|31March|
|||||2021|Income|Expenditure|Funds|2022|
|||||||f|||
|Analysis ofmovements
in unrestricted|||funds||||||
|General
Fund||||312,857|829,293|(714,632)|(177,826)|249,692|
|Designated
—Productions||||76,711||(41,754)|67,826|102,783|
|Designated
—Digital Investment||||2,470||(2,470)|||
|Designated —Digital Infrastructure||||15,000||(9,307)||5,693|
|Designated
-Sustaining
Excellence||||19,891||(10,500)||9,391|
|Designated —Artist Development||||22,985||(5,780)||17,205|
|Designated —Project Development||||51,236||(31,236)|30,250|50,250|
|Designated-2022
Programme|Recovery||||||110,000|110,000|
|Total unrestdcted
funds||||f501p150|E829,293|f(815,679)|f30,250|f545,014|
|Analysis ofmovements
in restricted||funds|||||||
|Production
funds:|||||||||
|CVC commissioning||||41,708||(9,063)||32,645|
|2022 Programme|||||72,622|(42,372)|(30,250)||
|Creative Freelancers
Shaping|London's||||243,975|(243,975)|||
|Recovery|||||||||
|David Farr: A Dead Body in Taos||||19,347|15,478|||34,825|
|David Rosenberg
& Frauke Requardt:||||2,855||||2,855|
|And The Shot-Girls Burst Into Flames|||||||||
|David Rosenberg
& Frauke Requardt:||||2,993||||2,993|
|Localite|||||||||
|Fly The Flag|||||2,000|(2,000)|||
|Freelance Task Force|||||6,175|(6,175)|||
|Heather Agyepong: The Body|Remembers|||4,000|15,000|(19,000)|||
|Inua Ellams: The 419||||14,999||||14,999|
|Inua Ellams: Midnight
Run (Culture|||Mile)||10,000|(10,000)|||
|The Lab|||||8,500|(8,500)|||
|Lewis Gibson: The Day
I Fell Into A||||10,353|13,587|(11,000)||12,940|
|Book|||||||||
|Lucian Msamati: Mugabe Project|||||13,500|||13,500|
|Melanic Wilson: Oracle|||||20,931|(20,931)|||
|NHS Heroes|||||16,167|(16,167)|||
|Rachael Young: Thirst Trap|||||1,000|(1,000)|||
|Rachel Bagshaw: Trio|||||9,744|(9,744)|||
|Racheal Ofori: Soho Six/FLIP I|||||2,000|||2,000|
|Slung Low: Issy BOSSSand Fractal|||||37,940|(37,940)|||
|Toby Olie: There's
a Bear On|My Chair||||14,953|(14,953)|||
|Uninvited
Guests: Performing|Futures||||3,334|(3,334)|||
|Will Adamsdale:
The Thing About England||||1,186||(1,186)|||
|Organisational
development:|||||||||
|Fundraising
&Production
staff||||25,200|33,600|(33,600)||25,200|
|Audience development
and engagement||||28,000|83,500|(111,200)||300|
|Sustaining
Excellence||||36,781||(34,781)||2,000|
|Total restricted
funds||||f187,422|f624,006|f(636,921)|f(30,250)|f144,257|
|Total Funds||||6688,572|f1,453,299|f(1,452,600)||6689,271|
##
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