Charity number: 1161464 Company number: 07488858
(England and Wales)
Vital Xposure Limited
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
Vital Xposure Limited Contents Page For the year ended 31 March 2022
| Report of the Trustees | 1 to 5 |
|---|---|
| Independent Examiner's Report to the Trustees | 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Notes to the Financial Statements | 9 to 15 |
Vital Xposure Limited Report of the Trustees For the year ended 31 March 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal object of the company continues to be to advance the arts for the public benefit by the promotion in particular, but not exclusively, of the art of drama.
Principal activities
Vital Xposure is a Disabled-led theatre company with diversity at the core of our working practices and delivery. Our creative programme encompasses theatre productions, documentary film and training initiatives that expose and challenge cultural and social prejudice. We work with disavowed or marginalised voices to bring extraordinary stories from the political periphery to centre stage. At the heart of everything we do there is a focus on wider diversity - both in terms of accessibility and inclusion.
Beneficiaries of our services
Our organisation is set up to benefit the public, both as audience and as participants in our community productions. Additionally, our work often offers particular benefit to people living at the margin of mainstream culture as a result of their gender, sexual orientation, age, health factors and anyone who is under-represented and has limited access to equal opportunities.
Objectives and Activities
Vital Xposure is a Disabled-led theatre company with diversity at the core of our working practices and delivery. Our creative programme encompasses theatre productions, participatory activities and training initiatives that expose and challenge cultural and social prejudice. We work with disavowed or marginalised voices to bring extraordinary stories from the political periphery to centre stage. At the heart of everything we do, there is a focus on wider diversity - both in terms of accessibility and inclusion.
We continue to develop new work that delivers improved access for disabled artists, accessible performances for our audiences and participants and, advocacy to the sector on how Vital Xposure does this. Our working practices attract a wide range of artists from the breadth of our communities in London and beyond.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
This year has marked Simon Startin's first full year in post as Artistic Director, and as such has been a year of new projects, partnerships and ideas, building on the strategic plans developed by staff and board.
Recognising that the impact of the Covid-19 pandemic was likely to extend well into this financial year and beyond, VX's delivery plans for the year focussed on covid safe developments and we chose to delay all in person audience facing productions into the 2023 financial year to mitigate against covid cancellations etc. Work continued on Quiet Rebels as well as new initiatives commencing including Wellspring, Pipeline and Power Over Me.
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Vital Xposure Limited Report of the Trustees Continued For the year ended 31 March 2022
Quiet Rebels , VX's collaboration with Dervish Productions, continued with further script development and a readthrough at the Albany in Deptford. Initial venue and touring discussions commenced to scope out a national tour in autumn 2022, and fundraising continued. In the year, we secured funding from the Garrick Trust towards this production, as well as from Awards for All which will support the outreach and engagement aspects of the production.
Wellspring , a three year City Bridge Trust funded initiative aims to develop a new generation of disabled writers and artists with whom we hope to collaborate and support in future years as well as introducing them and showcasing their work to the wider theatre sector.
The first cohort of 8 writers for were recruited in the autumn and commenced a series of workshops, training and mentoring to support them developing and writing new work for theatre. Each writer was paired with a mentor connected to new writing venues including The Bush, Paines Plough, Hampstead Theatre and Theatre 503.
A key aspect of the programme has been the individual support for each writer built into the programme and through finding out more about the writers and their work, the need for this project has become becoming increasingly apparent, with the writers sharing their experiences of isolation, lack of access and understanding of their work. These testimonies have enabled the tutors and mentoring venue partners support their needs, as well as inform planning for a national roll out in future years.
Alongside City Bridge Trust's support for this project, additional grants have been secured from The Harold Hyam Wingate Foundation and Didymus CiC. Both of these grants will support the delivery of Wellspring Beacon, which will take place later in the 2022.
Pipeline: to better understand the opportunities and blocks for disabled creatives within the wider theatre sector, Simon Startin undertook a series of consultations with organisations and disabled artists. The outcomes of these discussions will inform Vital Xposure's plans and artist support delivery for future periods, exploring how through sharing resources, knowledge, expertise and opportunities disabled artists can be better supported and connected across the sector to empower them creating sustainable careers within theatre and putting disabled artists at the centre of work.
Power Over Me : initial discussions took place with acclaimed theatre maker Caroline Horton to commission a new production for VX to be toured in 2024. The script commissioned will examine the relationship between our political leaders and the disabled community - how leaders are developed, language used and their relationship to human fragility; what is the tension between the cut and thrust of a political career and the genuine responsibilities of power?
Strategic Development
Alongside the charity's artistic delivery, trustees and staff participated in an Away Day in September which contributed to the review and updating of the company's business plan and ambitions for 2022-2026 and beyond. VX successfully applied for and secured Arts Council England's National Portfolio Organisation (NPO) extension funding for the financial year 2022-23 as well as commenced work on their application or the next round of three-year NPO funding, covering the period 2023-26.
In spring 2021, VX's Chair Jonathan Meth announced his intention to stand down from the chair's role. A recruitment process was undertaken and Sue Williams, a practicing artist and equality policy strategist, was appointed as chair in September 2021.
Future Plans
Quiet Rebels : this production will go onto rehearsals in August, opening at the Belgrade in Coventry in September and then touring to a further 10 venues during the autumn. Alongside the theatre production outreach and engagement activities will take place in London, Wolverhampton and Manchester, working with local young people to explore their own local histories and collecting the stories and experiences of their own quiet rebels.
Wellspring : following the writers' development training the writers have been developing their script and receiving mentoring. In spring 2022 VX will present excerpts of the 8 scripts developed at an online rehearsed reading to an invited audience of disability arts and theatre sector peers. this event will be an opportunity for the writers' work to be showcased to venue literary managers and potential commissioners as well as giving the writers an opportunity to hear their plays read by actors, lifting the words off the page and one step closer to the stage. Building further on this event, the Wellspring Beacon activity will support the writers to maximise their profile and networking opportunities within the theatre sector through utilisation of their recorded script excerpts.
Power Over Me : in June 2022, Simon Startin and writer Caroline Horton will undertake a period of research and development with 5 disabled performers, using clowning techniques characteristic of Caroline's work, investigating the subject matter to inform the development of a treatment for a play for small scale touring. Subject to the decision to produce and the securing of co-producers, a national tour is envisaged for 2024.
The Pipeline conversations that took place in 2022 have informed the development of a new strand of explorations - VX
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Vital Xposure Limited Report of the Trustees Continued For the year ended 31 March 2022
The Pipeline conversations that took place in 2022 have informed the development of a new strand of explorations - VXLabs. This activity area will platform skills building, risk taking, intersectionality of the disabled experience, access experimentation and an interrogation of the theatre making process to remove barriers for disabled people
In 2022-23, VX will work with Tamasha and Kali (possibly others) to explore fundamental questions around access for the D/deaf community and how Vital Xposure, Kali and Tamasha might answer them within their work, particularly in the small to mid-scale touring context.
In future periods, we will continue to explore work with disabled artists and partner organisations to create innovation around the Creative Case for Diversity. Its purpose is to simultaneously educate the sector about the huge opportunities in disabled work, and to give disabled theatre makers the chance to experiment. The work may include be masterclasses and talks, engagement with higher education etc built around it and would create opportunities for deeper engagement between VX, artists and venues as well as the possibility to germinate new projects for the artists and VX.
ACE NPO 23-26 Application: During 2022-23 we will submit our Arts Council NPO bid for the period 2023-2026. We will hear in October 2022, whether we are successful. The board and staff will participate in an away day and strategic planning session in the autumn to plan further for thi.
Fundraising & Culture Change: Vital Xposure has been participating in Cause4's Culture Change Programme. This tailored package of support includes training for staff and board teams to work collaboratively to increase fundraising and income generation for the charity. Linked to the programme and support, the charity will re-launch its fundraising strategy with the intention of further diversifying its funding base to increase the financial stability of the company going forward.
In 2022 VX will undertake a further round of trustee recruitment, following a skills audit and gap analysis which will be undertaken in the summer. It is hoped that new trustees will be appointed by December 2022.
FINANCIAL REVIEW
Income for the year was £154,338 (2021: £ 139,316) and total expenditure amounted to £119,073 (2021: 130,928). In years where the charity does not tour a theatre production to venues it aims to make an in-year surplus to designate to future artistic productions. Vital Xposure achieved a surplus in the year of £35,265 (2021; £8,338), this included restricted surplus of £23,261, and unrestricted surplus of £12,004, details of which are shown in the Statement of Financial Activities.
Reserves
Vital Xposure is committed to maintaining a contingency reserve to provide for unforeseen liabilities that may arise, or changes within the grant funding environment. The level of this reserve is reviewed at least annually by Trustees and is set at 3 months operating costs. This currently equates to £27,810 (2021: £26,680).
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum and Articles of Association on 11th January 2011.
The company is limited by guarantee and has no share capital. The guarantees of individual members are limited to one pound.
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
One third of the Trustees resign at each AGM but are eligible for re-election by the membership.
On election to the board, Trustees are inducted by the staff of the company on a one-to-one basis and are given the following; a copy of the Memorandum and Articles of Association; the company handbook containing all written policies and procedures; the booklet The Responsibility of Charity Trustees, published by the Charity Commission
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Vital Xposure Limited Report of the Trustees Continued
For the year ended 31 March 2022
Recruitment and appointment of trustees
Where vacancies arise, the board considers proposals from existing Board members and Executive staff, before agreeing on any approach to be made. There are formal role descriptions for Board members, Chair of Board and Treasurer. The company may undertake a more formal recruitment campaign including public advertisements. When considering the appointment of new Trustees, the Board considers the Trustees'
Skills Audit to ensure that any specialist skills needed are recruited for.
New Trustees elected by the Board stand for up to three years, after which they are subject to re-election. Regular reviews are held to identify any expertise gaps within the Board of Trustees and appointments are made where required to strengthen the Board of Trustees, subject to all Trustees' approval.
To join the Board, each new Board member must be formally proposed and seconded at a Board meeting.
No other person or external body is entitled to appoint any Trustees of the charity. The Trustees who served during the period and after the yearend are shown on page 1.
Policies adopted for the induction and training of Board of Trustees
All new Trustees receive a briefing on their legal obligations under charity and company law and are offered an induction to the company and its work, which includes a meeting with the executive team and relevant documentation. There are job descriptions for Trustees, the Chair and Treasurer, and Trustees complete a skills audit to enable the company to ensure a full breadth of strategic skills. There are regular Board Away days providing an opportunity for Trustee skills development, and Trustees are offered training on governance issues including that offered by the NCVO.
Conflicts of interest
The charity maintains a register of interests. Trustees declare their interests annually.
Pay policy for senior staff
The pay of the charity's key management personnel (Artistic Director and Executive Director) is subject to annual review and normally increased in accordance with inflation, depending on affordability. The Trustees also draw on their knowledge of the sector and common practice in other charities of similar size to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The charity Trustees (who are also the directors of Vital Xposure Limited for the purposes of company law) are responsible for preparing a Trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law 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 company for that period. In doing so the Trustees are required to:
Select suitable accounting policies and then apply them consistently;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Follow the methods and principles of the Charity SORP; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the group will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracyat 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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Vital Xposure Limited Independent Examiners Report to the Trustees For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
Responsibilities and basis of report
The charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tom Wilcox Counterculture Partnership LLP Unit 115, Ducie House Ducie Street Manchester M1 2JW
12 December 2022
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Vital Xposure Limited
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
| Notes Income and endowments from: Donations and legacies 2 Charitable activities 3 Other income 4 Total Expenditure on: Charitable activities 5/6 Total Net income Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 102,429 1,100 - 103,529 (91,525) (91,525) 12,004 79,664 91,668 |
Restricted funds £ 50,809 - - 50,809 (27,548) (27,548) 23,261 - 23,261 |
2022 £ 153,238 1,100 - 154,338 (119,073) (119,073) 35,265 79,664 114,929 |
2021 £ 138,347 885 84 139,316 (130,928) (130,928) 8,388 71,276 79,664 |
|---|---|---|---|---|
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Vhal Xposure Umlied Slatement of Finan1 P08illon A8 at 31 March 2022 12 1.474 IM74 13 5,82S 87,190 Ca•h at bw* 112,tr27 14 (OA291 {14.7eg1 742SS T•t•l ••••t• l••• wv•rt Il•blllll•• 114.929 114929 Th• fvnd• ollh• divlty 15 16 23.281 91,668 114V29 79.e64 711104 Totsl lund• I•Vr¥d kn •TwII PAO WIN1 Ictrdrl 12 December 2022 80115
Vital Xposure Limited Notes to the Financial Statements For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Vital Xposure Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The financial statements are prepared, on a going concern basis, under the historical cost convention.
Funds
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.
Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.
Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.
There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods; or for performance related grants, where these are received in advance of the performances or specific event to which they relate.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. Expenditure is considered all to relate to Charitable activities and includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs.
Allocation and appointment of costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support and governance costs have been allocated between charitable activities based on estimated staff costs. The allocation of support and governance costs is analysed in note 5.
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office & production equipment 25% Straight line
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Vital Xposure Limited Notes to the Financial Statements Continued For the year ended 31 March 2022
2. Income from donations and legacies
| Donations received Grants received Analysis of grants received Arts Council England City Bridge Trust JRS Government Grant ncome from charitable activities Unrestricted funds Productions Income from charitable activities Other income Other income Costs of charitable activities by fund type Productions Support costs Awards for All Harold Hyam Wingate Foundation Didymus CIO Garrick Charitable Trust |
Unrestricted funds £ - 102,429 102,429 Unrestricted funds £ 69,420 22,105 91,525 |
Restricted funds £ - 50,809 50,809 Restricted funds £ 27,548 - 27,548 |
2022 £ - 153,238 153,238 2022 £ 102,431 32,000 - 153,238 2022 £ 1,100 2022 £ - - 2022 £ 96,968 22,105 119,073 3,000 4,000 2,000 9,809 |
2021 £ 282 138,065 138,347 2021 £ 102,431 21,450 14,184 138,065 2021 £ 885 2021 £ 84 84 2021 £ 114,807 16,121 130,928 - - - - |
|---|---|---|---|---|
3. Income from charitable activities
4. Other income
5. Costs of charitable activities by fund type
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Vital Xposure Limited Notes to the Financial Statements Continued For the year ended 31 March 2022
6. Costs of charitable activities by activity type
| Support costs Activities undertaken directly £ £ Support costs Productions 22,105 96,968 nalysis of support costs Productions Premises and office costs Finance fees IT, telephone and internet Insurance Printing, postage and stationery Travel & subsistence Subscriptions Legal Training Research & development Governance costs |
2022 £ 119,073 2022 £ 7,142 551 4,148 2,034 60 176 792 13 2,904 39 4,246 22,105 |
2021 £ 130,928 2021 £ 7,587 74 2,115 1,335 190 - 610 13 439 10 3,748 16,121 |
|---|---|---|
7. Analysis of support costs
8. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Depreciation of owned fixed assets | 1,298 | 977 |
| Accountancy fees | 1,230 | 1,805 |
| Staff pension contributions | 3,654 | 2,165 |
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Vital Xposure Limited Notes to the Financial Statements Continued For the year ended 31 March 2022
9. Staff costs and emoluments
Total staff costs for the year ended 31 March 2022 were:
| Salaries and wages Social security costs Pension costs Average number of staff |
2022 £ 75,951 2,526 3,654 82,132 2022 3 3 |
2021 £ 84,729 3,816 2,165 90,710 2021 3 3 |
|---|---|---|
No employee earned more than £60,000 during the year (2021:£nil). The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity
11. Comparative for the Statement of Financial Activities
Income and endowments from: Donations and legacies Charitable activities Other income Total Expenditure on: Charitable activities Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 116,897 885 84 117,866 (109,478) (109,478) 8,388 71,276 79,664 |
Restricted funds £ 21,450 - - 21,450 (21,450) (21,450) - - - |
2021 £ 138,347 885 84 139,316 (130,928) (130,928) 8,388 71,276 79,664 |
|---|---|---|---|
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Vital Xposure Limited Notes to the Financial Statements Continued For the year ended 31 March 2022
12. Tangible fixed assets
| Cost or valuation At 01 April 2021 Additions At 31 March 2022 Depreciation At 01 April 2021 Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 Debtors Amounts due within one year: Trade debtors Prepayments and accrued income |
2022 £ 500 6,557 7,057 |
Office & production equipment £ 3,910 1,364 5,274 2,501 1,299 3,800 1,474 |
|---|---|---|
| 1,409 | ||
| 2021 £ - 5,825 5,825 |
13. Debtors
14. Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2022 £ 1,036 2,547 2,946 6,529 |
2021 £ 24 1,894 12,851 14,769 |
|---|---|---|
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Vital Xposure Limited Notes to the Financial Statements Continued
For the year ended 31 March 2022
15. Movement in funds
Unrestricted Funds
| Designated Future Artistic Productions General General Unrestricted Funds - Previous year Designated Future Artistic Productions General General |
Balance at 01/04/2021 £ 48,881 30,783 79,664 Balance at 01/04/2020 £ 40,881 30,395 71,276 |
Incoming resources £ - 103,529 103,529 Incoming resources £ - 117,866 117,866 |
Outgoing resources £ - (91,525) (91,525) Outgoing resources £ - (109,478) (109,478) |
Transfers £ 9,500 (9,500) - Transfers £ 8,000 (8,000) - |
Balance at 31/03/2022 £ 58,381 33,287 91,668 Balance at 31/03/2021 £ 48,881 30,783 79,664 |
|---|---|---|---|---|---|
Restricted Funds
| Quiet Rebels Wellspring Restricted Funds - Previous year Wellspring |
Incoming resources £ 13,809 37,000 50,809 Incoming resources £ 21,450 21,450 |
Outgoing resources £ - (27,548) (27,548) Outgoing resources £ (21,450) (21,450) |
Balance at 31/03/2022 £ 13,809 9,452 23,261 Balance at 31/03/2021 £ - - |
|---|---|---|---|
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Vital Xposure Limited Notes to the Financial Statements Continued For the year ended 31 March 2022
16. Analysis of net assets between funds
| Unrestricted funds General General Restricted funds Quiet Rebels Wellspring Previous year Unrestricted funds General General Restricted funds Wellspring |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1,474 90,194 91,668 - 13,809 13,809 - 9,452 9,452 1,474 113,455 114,929 Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1,409 86,255 87,664 - (8,000) (8,000) 1,409 78,255 79,664 |
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17. Company limited by guarantee
Vital Xposure Limited is a company limited by guarantee and accordingly does not have a share capital.
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