## Box Tale Soup Limited
## (a company limited by guarantee)
## ANNUAL REPORT
## AND
## FINANCIAL STATEMENTS
## FOR THE YEAR ENDING AUGUST 31st 2022
Registered Charity No. 1149715 Company No. 8171401
Box Tale Soup Limited **Annual Report and Financial Statements** For the Year Ended 31st August 2022
## **INDEX**
Company information - 1
Trustees and directors report - 2-6
Independent examiner's report - 7-8
Statement of financial activities - 9
Balance sheet - 10
Notes to the financial statements – 11-14
Registered Charity No. 1149715 Company No. 8171401
Box Tale Soup Limited **Company Information**
For the Year Ended 31st August 2022
## **TRUSTEES**
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees serving during the year were as follows:
Charlotte Couchman - Appointed 18th May 2022 Gillian Fenner Bruce Harris Peter Hayward Francis Matthews Roger Mayhew - Resigned 20th April 2022
## **COMPANY**
Noel Byrne - Artistic Director Antonia Byrne - Artistic Director
## **REGISTERED OFFICE**
8 Coombe Road, Otford, Kent, TN14 5RJ
## **PRINCIPAL PLACE OF BUSINESS**
7 Park Place, Sevenoaks, Kent, TN13 2QD
## **INDEPENDENT EXAMINER**
Dr. Erik J. Pickett Ph.D FIA CERA
370 5th Street, Apt 3, Jersey City, NJ 07302, USA
## **BANKERS**
The Co-operative Bank PLC
1
Box Tale Soup Limited **Trustees and Directors Report** For the Year Ended 31st August 2022
The trustees are pleased to present their annual report together with the consolidated financial statements of the charity for the year ending 31st August 2022, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
## **STATUS AND ADMINISTRATION**
The Company is a registered charity and a company limited by guarantee and is governed by its Memorandum and Articles of Association. None of our trustees receive remuneration or other benefit from their work with the charity.
## **CHARITABLE OBJECTIVES & PRINCIPAL ACTIVITIES**
Its charitable objectives are to advance the education for the public benefit by the promotion of the arts, with particular, but not exclusive, reference to dramatic art. Box Tale Soup achieves its charitable objectives through its principal activities. It exists to produce fresh, original and highly imaginative theatre with a commitment to the faithful adaptation of classic literature. In particular, the company seeks to make work that is portable and flexible in order that it may reach audiences who would not normally have access to professional theatre.
In addition, the company operates an education programme: introducing participants to the company's methods of creating theatre.
## **TRUSTEES RECRUITMENT AND APPOINTMENT**
The trustees who served during the year are listed on page one of the annual report.
New trustees are appointed in General Meetings.
## **TRAINING AND INDUCTION OF NEW TRUSTEES**
New trustees are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. During this briefing they meet key staff and other trustees.
## **ORGANISATION**
The board of trustees administers the charity and meets quarterly. The artistic directors of the company have been appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the artistic directors have authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and artistic performance related activity.
2
Box Tale Soup Limited **Trustees and Directors Report** For the Year Ended 31st August 2022
## **Achievements**
During this year we launched two new productions and did 143 performances to a total of over 7,600 people. Although audience numbers while touring and at the Edinburgh Fringe had not returned to pre-pandemic levels, we were pleased that the company’s reputation had weathered the storm, as we had many audience members express their delight at our being back on the road again! Our online presence has continued to grow with our weekly vlogs on YouTube now reaching over 400 subscribers. Our Instagram following has increased to c. 3000 followers and our audio dramas continue to be popular, with _Casting the Runes_ alone having over 7000 plays on YouTube.
## _**Hansel & Gretel**_ **&** _**A Christmas Carol**_ **at the Everyman, Cheltenham (Studio)**
_A Christmas Carol_ made a return to the Everyman, Cheltenham (with a few modifications) to its originally contracted venue - the Irving Studio. The entire run sold out and performances were added in an attempt to meet the demand. Once again it received a fantastic reception from audiences:
_“Of all the live, TV, film, and radio performances I’ve experienced over the years if I had to pick one ‘A Christmas Carol’ it would be yours. The messages stuck with me longer than ever before, it was as if rehearsed 1000 times and yet also as if told for the first time.”_
_“What an amazing adaptation! Amazing performances from the two hander... magical! Thank you for a wonderful evening!”_
_“You are both absolutely amazing… Blown away.”_
Although the production was a great success, we were struck by the limitations of the Studio space for this show - in 35 sold out performances, the show was seen by fewer people than in the 6 performances we had in the main house in 2020. We will be looking for larger capacity venues for this production in the future.
We also finished creating _Hansel & Gretel_ - which was also commissioned by the Everyman in 2020, but had to be postponed. This show was made for audiences of 3+ and performed to school/nursery audiences in November, before opening to the public in December. We also did two preview performances at Treloar’s as part of our partnership with them and the Worshipful Company of Founders. We created the show to play on top of the _Christmas Carol_ set, so they can tour as a pair of shows in subsequent years. The feedback for _Hansel & Gretel_ was also fantastic:
_“Loved it. You’ve turned an under 5’s show into something for the whole family whatever the age!”_
_“Such a wonderful show. My little girl and the other children were mesmerised.”_
- _“Family visit to see Hansel & Gretel at the Everyman in Cheltenham; wonderful show - the players are so talented. By far the best family show around_ ⭐⭐⭐⭐⭐ _”_
- _“This is definitely the best children’s show I have seen in a long time.”_
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Box Tale Soup Limited **Trustees and Directors Report** For the Year Ended 31st August 2022
**Achievements cont.**
## **Expo 2020 Dubai - UK National Day**
We were commissioned by Bray Leino Events to create two large-scale puppets for appearances at UK National Day during Expo 2020 in Dubai. We designed two puppets based around the Lion & Unicorn, featuring the cultural, scientific and industrial achievements of Great Britain through the ages. The puppets were made from recycled materials including cardboard delivery boxes, cardboard tubes and even an old venetian blind! They looked spectacular and were surrounded by both press and the general public when they made their first appearance outside the UK Pavillion. This was the company’s first foray into large scale puppetry, and we hope to seek further commissions in this area in the future.
## _**Little Grimm Tales**_ **&** _**Great Grimm Tales**_ **Spring ‘22 Tour**
These shows completed their rescheduled performances from 2020/21 along with visiting many new venues for the company - these were booked in by makin projects, our new tour bookers. As always the family show _Little Grimm Tales_ was an easier sell than the adult show. But, considering the fact that audiences were down across the board in all theatres, we were pleased with the general audience numbers for both productions. It was great to add some new venues to the company’s touring network and many of these have already booked us in for our next tour (Autumn 2022 - _The Wind in the Willows_ and _Gulliver_ ). We also did two performances of _Little Grimm Tales_ at Treloars’, continuing our long standing relationship with them, and two performances for local primary schools in the new outdoor theatre at Westacre (Norfolk).
We received lovely feedback for all the performances throughout the tour, and it was gratifying to see how many people had either seen our work before, or been recommended by someone who had. It’s also worth noting that this tour was the first job we had held auditions for. These were a mixture of in-person and self tape auditions and it was a really positive step for the company to find some great new performers to add to our books for subsequent touring.
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Box Tale Soup Limited **Trustees and Directors Report** For the Year Ended 31st August 2022
**Achievements cont.**
## _**Gulliver**_ **Edinburgh Fringe**
We completed work on our _Gulliver’s Travels_ adaptation and its first outing was the Edinburgh Fringe Festival - performing at Underbelly Cowgate again. For this production, we worked with a new actor who we had found through our earlier audition process. The show had an incredible reception at the Fringe from audience and critics alike, with many saying they felt it was our best show yet:
_“Box Tale Soup never disappoint, and in Gulliver they have surpassed expectations!”_
_“We will see anything and everything Box Tale Soup produces and have been following them for many years now; whilst all their productions have been excellent, however, Gulliver probably exceeds everything they have done before.”_
★★★★★ **ScotsGay Arts** _"quite simply, outstanding..”_ ★★★★★ **The Wee Review** _"..a magical adaptation.”_
★★★★★ **Three Weeks** _"Time and space hold no bounds for Box Tale Soup..”_
## ★★★★★ **Pick of the Fringe & Best Production of 2022 Chris On Theatre**
_"..crafted to perfection.. everything about this production is flawless..”_
Having made the production as sustainable as possible - making all props, puppets, set & costume out of recycled, reclaimed or sustainable materials, we wanted to try having a paperless fringe. Instead of flyers we used a poster sandwich board which we wore on the Royal Mile, and held up a QR code for people to scan for tickets and info. We also held a sign saying ‘No flyers. Please take a photo.’ While we don’t know for certain what impact this had on our ticket sales, we definitely received a large amount of positive feedback from the general public. Many locals stopped to thank us, and there were people who purchased tickets right in front of us, purely because we weren’t giving out flyers. We will go paperless again at the 2023 festival.
The sales were down across the festival this year, and although we sold out some performances, we didn’t quite manage to sell out the run. However, we were pleased with the sales generally as they were well above average compared to other shows, and more importantly we were thrilled with the overwhelmingly positive audience reactions to the show.
## _**Gulliver Exploded**_ **- Genesis Kickstart Fund Grant**
In November we were invited to apply to the Genesis Foundation’s ‘Kickstart Fund’. The grants being awarded were for £10,000 and were particularly focussed on supporting freelance creatives and innovative online content. We made a successful application to create a filmed version of _Gulliver_ with additional interactive behind the scenes content detailing how we made the show - from the creation of the puppets, to the adaptation and rehearsal process. We called the project _Gulliver Exploded_ and the aim is to create a fully interactive brand new way to experience the show, that will also be eminently suitable as an educational resource for schools and colleges. We were awarded the grant in May 2022 and, as per the submitted timeline, we will begin work on it in September 2022. Through this project we hope to increase our reach, both internationally and into schools and colleges.
5
Box Tale Soup Limited **Trustees and Directors Report**
For the Year Ended 31st August 2022
## **FINANCIAL REVIEW & RISKS AND RESERVE POLICY**
The company's total resources expended for the year were: £75,741.75. The trustees have identified the main risks facing the charity, both financial and operational. They have instigated appropriate measures to mitigate those risks.
The trustees intend to keep the level of unrestricted reserves, not invested in fixed assets, to approximately three to six months operating costs (£20k-£30k). The trustees believe that this would be a sufficient buffer against short-term problems arising and to allow the Company to develop artistically. As at August 31st 2022 the free reserves stood at £54,605.22.
The free reserves are at a higher level than previous years due to the continued growth and success of the company, meaning an increase in income and expenditure that is reflected in the reserves.
## **TRUSTEES RESPONSIBILITIES (in relation to the financial statements)**
Company law and the law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the 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 judgements and estimates that are reasonable and prudent
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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, the Charities Act 2011 and amendments in Charities Act 2022, and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
By order of the trustees
Gillian Fenner (Chair of Board of Trustees)
6
## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BOX TALE SOUP LIMITED**
## **PERIOD FROM 1 SEPTEMBER 2021 TO 31 AUGUST 2022**
I report on the account of the company for the period from 1 September 2021 to 31 August 2022.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The trustees (who are also board members of Box Tale Soup Limited for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the account presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
7
## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BOX TALE SOUP LIMITED (continued)**
## **PERIOD FROM 1 SEPTEMBER 2021 TO 31 AUGUST 2022**
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
- 1 which gives me reasonable cause to believe that in any material respect the requirements: ● to keep accounting records in accordance with section 386 of the Companies Act 2006;
- and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities SORP (FRS 102).
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Erik Pickett PhD FIA CERA 123 Tidewater Street, Apt C, Jersey City, NJ 07302, USA
22nd May 2023
8
## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)**
## **PERIOD FROM 1 SEPTEMBER 2021 TO 31 AUGUST 2022**
|**INCOMING RESOURCES**
**Note**
Incoming Resources from generating funds:
Voluntary Income
-
2
Activities for generating funds
-
3
Investment Income
-
4
**TOTAL INCOMING RESOURCES:**
**RESOURCES EXPENDED**
Charitable Activities
-
5
Raising Funds
-
6
**TOTAL RESOURCES EXPENDED:**
**NET INCOME (OUTGOING) FOR PERIOD:**
7
**RECONCILIATION OF FUNDS**
Cash at bank
-
Tangible Assets
-
**Total funds brought forward**
**-**
**TOTAL FUNDS CARRIED FORWARD**|**2022 Total (£)**
**19,309.01**
**65,784.89**
**Nil**
________
**85,093.90**
**(75,483.12)**
**(258.63)**
_________
**(75,741.75)**
**9,352.15**
_(01/09/21)_
**45,133.07**
**120**
**45,253.07**
_(31/08/22)_
**54,605.22**|**2021 (£)**
15,035.43
26,740.60
Nil
________
41,776.03
(37,051.41)
(214.79)
_________
(37,266.20)|**2021 (£)**
15,035.43
26,740.60
Nil
________
41,776.03|
|---|---|---|---|
|||4,509.83
_(01/09/20)_
40,623.24
120
40,743.24
_(31/08/21)_
45,253.07||
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 11 to 13 form part of these financial statements.
9
## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **BALANCE SHEET**
## **31 AUGUST 2022**
|**Note**
**FIXED ASSETS**
Tangible Assets
-
9, 1
**CURRENT ASSETS**
Cash at Bank
-
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS**
Unrestricted income funds
-
10
Restricted income funds
-
11
**TOTAL FUNDS**|**31 August 2022 (£)**
**120**
**54,485.22**
**54,605.22**
**54,605.22**
**44,605.22**
**10,000**
**54,605.22**|2021 (£)
120
45,133.07|
|---|---|---|
|||45,253.07|
|||45,253.07|
|||45,253.07
Nil
45,253.07|
For the period from 1 September 2021 to 31 August 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006; and
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by members of the board and authorised for issue on the 23rd May 2023, and are signed by:
GILLIAN FENNER Director
Company Registration Number: 8171401
10
## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **PERIOD FROM 1 SEPTEMBER 2021 TO 31 AUGUST 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of accounting**
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Charities SORP FRS 102 (effective 1 January 2015), FRS 102 (September 2015) and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102. The trustees have taken advantage of the exemption in FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is a small entity. All fixed assets are initially recorded at cost.
These Financial Statements for the year ending 31 August 2022 are the fifth Financial Statements of Box Tale Soup Limited (Limited by guarantee) prepared in accordance with FRS 102.
## **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. Therefore the trustees continue to adopt the going concern basis of accounting in preparing the Financial Statements.
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office Equipment: (Initial cost – salvage value) / 5 year life = depreciation (£999 - £120) / 5 = £175.80
There has been no charge for depreciation this year, as the asset has been owned for over 5 years and has reached salvage value. It is therefore listed at salvage value and recorded as fully depreciated.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, the income has been received and the amount can be measured reliably
## **Financial Instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
11
## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **PERIOD FROM 1 SEPTEMBER 2021 TO 31 AUGUST 2022**
## **2. VOLUNTARY INCOME**
|Donations
Grants
Gift Aid|Restricted (£)
Nil
11,250
Nil
11,250|Unrestricted (£)
**Total Funds 2022 (£)**
2021 Total (£)
3,059.01
**3,059.01**
13,158.53
5,000
**16,250**
Nil
Nil
**Nil**
1,876.90
8,059.01
**19,309.01**
15,035.43|
|---|---|---|
## **3. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS**
||Unrestricted Funds (£)|**Total Funds 2022 (£)**|2021 Total (£)|
|---|---|---|---|
|Performance fees|39,525|**39,525**|4,021.95|
|Performance tickets|13,232.57|**13,232.57**|12,071.19|
|Workshop fees|Nil|**Nil**|300|
|Commission payments|10,000|**10,000**|10,000|
|Reimbursement and Refunds|3,027.32|**3,027.32**|347.46|
||65,784.89|**65,784.89**|26,740.60|
## **4. INVESTMENT INCOME**
Unrestricted Funds (£) **Total Funds 2022 (£)** 2021 Total (£) Bank interest receivable Nil **Nil** Nil
## **5. BREAKDOWN OF COSTS OF CHARITABLE ACTIVITIES**
||Restricted
Funds (£)|Unrestricted
Funds (£)|**Total Funds**
**2022 (£)**|2021 Total (£)|
|---|---|---|---|---|
|Productions and
workshops|1,250|23,695.34|**24,945.34**|6,894.32|
|Equipment (incl.
Depreciation)|Nil|1,408.39|**1,408.39**|1,661.36|
|Office, web,
expenses, print/post|Nil|3,081.24|**3,081.24**|319.95|
|Fees (performance,
production)|Nil|46,048.15|**46,048.15**|28,175.78|
|Fees (admin)|Nil|Nil|**Nil**|Nil|
||1,250|74,233.12|**75,483.12**|37,051.41|
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## **BOX TALE SOUP LIMITED COMPANY LIMITED BY GUARANTEE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **PERIOD FROM 1 SEPTEMBER 2021 TO 31 AUGUST 2022**
## **6. RAISING FUNDS**
||Unrestricted Funds (£)|**Total Funds 2022 (£)**|2021 Total (£)|
|---|---|---|---|
|Travel|27.80|**27.80**|27.80|
|Postage and Materials|Nil|**Nil**|24.71|
|Food and Drink|230.83|**230.83**|162.28|
||258.63|**258.63**|214.79|
## **7. NET INCOME FOR THE PERIOD**
This is stated after charging: Depreciation Period from 1 September 2021 to 31 August 2022 (£) **Nil**
## **8. STAFF COSTS**
No salaries or wages have been paid to employees or members of the committee during the period. All individuals employed by the charity were contracted on a freelance basis in this financial year.
## **9. TANGIBLE FIXED ASSETS**
||Office Equipment (£)|
|---|---|
|**BROUGHT FORWARD**||
|At 1 September 2021|**120**|
|**COST**||
|Additions|Nil|
|**At 31 August 2022**|**Nil**|
|**DEPRECIATION**||
|Charge for the period (see note 1)|Nil|
|**At 31 August 2022**|**Nil**|
|**NET BOOK VALUE**||
|**At 31 August 2022**|**120**|
## **10. UNRESTRICTED INCOME FUNDS**
Balance 1/9/21 (£) Income (£) Expenditure (£) Balance 31/8/22 (£) General Funds 45,253.07 73,843.90 (74,491.75) 44,605.22
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## **11. RESTRICTED INCOME FUNDS**
In the year 2020-21 the charity received a grant from Arts Council England for the ‘Springboard to Sustainability 2020’ project. This was a research and development project to adapt _Gulliver’s Travels_ into a short combined arts theatre piece for touring, and further develop the charity’s artistic practice and sustainability model. Income from this grant was therefore recorded as restricted, and was spent in line with the plans and budget submitted to Arts Council England. As the project is complete, we received a final payment of £1,250 this year.
As detailed in the report above, the charity also received a £10,000 grant from the Genesis Kickstart Fund to create an interactive filmed version of _Gulliver_ . Work on this project began in September 2022, so the income from this grant is recorded here as the balance of restricted funds.
Balance 1/9/21 (£) Income (£) Expenditure (£) Balance 31/8/22 (£) General Funds Nil 11,250 (1,250) 10,000
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Tangible fixed assets (£) Current assets (£) Total(£) Restricted Income Funds 0 10,000 10,000 Unrestricted Income Funds 120 44,485.22 44,605.22 Total Funds **120 54,485.22 54,605.22**
## **13. COMPANY LIMITED BY GUARANTEE**
The liability of each member under the terms of their guarantee is limited to £10.
## **TAXATION**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **TRUSTEE AND RELATED PARTY TRANSACTIONS**
None of the trustees have been paid any remuneration or received any other benefits
in relation to his or her services as a trustee of the charity. No trustee expenses have been incurred. There have been no related party transactions requiring disclosure in the reporting period. Donations received without conditions from related parties, including Trustees, in the year totalled £2,500 (2020-2021: £6,280).
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