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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 1164103

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR HUBBUB THEATRE COMPANY

Hubbub Theatre Company

Contents For the year ended 31 March 2022

Page
1-6
Independent Examiner
s Report		 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10-16
Detailed Income and Expenditure Account 17

Hubbub Theatre Company

T For the year ended 31 March 2022

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2022.

OBJECTIVES AND ACTIVITIES

Charitable Objects

  1. For the public benefit to advance education in and promote public appreciation of the art of drama.

  2. To relieve the needs of people with learning and/or physical disabilities by providing them with opportunities to engage in theatre, drama and movement as a creative, social and educational experience.

Artistic Review

2021 2022 were:

Hubbub Theatre Company

For the year ended 31 March 2022

ACHEIVEMENT AND PERFORMANCE

The charity achieved an enormous amount in this period April 2021- April 2022. This includes:

Actor Training

Initial in-person re-engagement in Actor Training from April 2021 focussed on re-establishing sense of ensemble, alongside the emotional regulation and anxiety management necessary in the wake of COVID-19. Where individuals were not able to attend in-person we established, and continued to offer, remote engagement through iPad Zoom links in the studio.

Throughout June and July previous Hubbub practitioner Omar Khan delivered a VR project as part of his Derby CAN commission, collaborating with the Actor Training cohort to create virtual worlds shaped by their experiences. These were shared at an invited audience event in July and continued to develop in November 2021.

Company member Bethany Smith began 1:1 choreography sessions with Hubbub dance practitioner Daniel Longhurst in April 2021 to develop her confidence and own individual artistry. She co-devised choreography which was shared in July 2021 and a new piece shared at the MYDance platform in March 2022, going on to be shortlisted for the National UDance Festival.

Company member Bharat Singh was talent-scouted for a professional film opportunity with Told by an Idiot in November 2021. Hubbub Theatre Company acted as Creative Enablers for his involvement when filming on umn 2022 with international opportunities sought.

From November 2021-May 2022 the 10 Company members acted as co-devisers and collaborators in the , working alongside the 6 training practitioners and 2 new Creative Enablers to create original co-created performance and workshop experiences. Co-learning workshops, embedding distinct creative Told by an Idiot, training offer as part of her CPD.

The ensemble then split into 2 working groups during their co-creation process working with 2 practitioners each, supervised by the Artistic Director and a Lead Practitioner, and supported by a Creative Enabler.

These culminated in a sharing at the Museum of Making in Derby in April 2022 to an invited audience of industry guests, partners and creatives. This event and the co-creations were filmed and will be shared at national level as part of a dissemination of the outcomes of The Hubbub Way Pilot training in Autumn 2022.

Conferences and Profile Raising

Hubbub Theatre Company maintained engagement in industry-wide national and regional learning platforms during the return to in-person working, including Creative Minds and Separate Doors.

The Culture, Health and Wellbeing Alliance commissioned Hubbub to create a digital performance for the National Conference, postponed from 2020, and it was hosted online in 2021. The Agents of Kindness film was created and shared, and Hubbub were present at the conference for discussion & exchange as well

Hubbub Theatre Company joined the Derby Cultural Education Partnership in July 2021, advising on and helping deliver exceptional performance making opportunities and cultural enrichment to disadvantaged young people in Derby city and beyond.

In November-December 2021 Hubbub advised and consulted on the Creative Captioning of Nottingham

In December 2021, Hubbub were successful in an application to engage in a residency at Derbyshire NPO the Artistic Director Jen Sumner has received Creative Mentoring from Gecko Associate Director Helen Baggett November-April, advising on co-creation methodology, creative leadership and organisational development.

Hubbub Theatre Company

For the year ended 31 March 2022

Conferences and Profile Raising (continued)

conference and has developed work.

Artistic Director Jen Sumner was also successful in gaining a place in the highly regarded Clore Leadership Pulse Intensive course. The first week took place from 21-25 March and 2nd week in April 2022.

Get Involved Programme

-established in-person working, with 10 participants continuing to engage in a day of drama, movement and creativity in our professional studio. These sessions, led in part by the wellbeing and encouraged self-advocacy, communication, teamwork and independence.

The group continues to develop new a performance -creation, using movement, prop-making and puppetry to share a message of kindness in May 2022.

Our Get Involved programme is our means of reaching local Learning Disabled organisations and provision. In this work:

We led a full day workshop in October 2021 with approximately 15 participants at local community partner Umbrella's new venue at the Annie Hall Centre, Derby. Umbrella service users subsequently attended our Autumn Gathering and we have since set up regular quarterly half day workshops as part of our ongoing partnership.

In Summer 2021, we engaged in Told by a Happy initiative for young people with SEND, as part of their national tour. We acted as a local project coordinator, helping in securing venues, participants and delivery artists for a series of workshops and performances at Derbyshire Chinese Welfare Association in August.

event was devised for late October 2021. This featured 3 workshops, delivered by Hubbub Theatre Company and practitioners from Bello Mind & Soul and Quad. DJ Omar Khan then co-DJed with company member Tom, and a board, funders and community stakeholders.

As part of the Reimagine programme:

We visited 2 schools, St Martins and Horizons Sixth Form during the summer term. Unfortunately our activity had to be moved online due to rises in covid cases in Derby schools, but we were still able to create 3 digital performances that were showcased as part of an online event in July. This was in partnership with the other SEND Hub partners, QUAD and Sinfonia Viva, which has continued into year 3 of the project. The films we made last year will also be shown as part of the Reimagine Festival 2022.

Organisational Development

Opportunity to develop projects and fundraise accordingly was still significantly impacted by the COVID-19 pandemic. With earned income from workshops, training, and productions still reduced, the below income generation efforts were made:

In May 2021, an application to the Derby City Council Additional Restrictions Grant initiative of £24,813 was awarded. This ensured that the effects in income generation of additional government restrictions introduced in the first half of the year were alleviated.

Applications were also made to the Sylvia Waddilove Foundation (£1000) and the Edward Gostling Foundation (£5000) in July 2021 and both were successful, to support the ongoing core operations of the company for SummerAutumn 2021.

We were also successful in being awarded The Culture Recovery: Continuity Support Fund which provided vital funding of £38,159 for the November-Jan period.

Hubbub Theatre Company

For the year ended 31 March 2022

Organisational Development (continued)

An ASDA Foundation Green Token Giving scheme was successful in raising £500 towards maintaining a supported place on our Actor Training programme. An exercise in Individual Giving was conducted following this, creating a fundraising pack for participants, community stakeholders and audiences, and piloting a public crowdfunding initiative through Wonderful.org. This raised £190 before being put on hold by Hubbub to acknowledge the sensitivity of fundraising at a time when the news was dominated by the situation in the Ukraine in March 2022.

We were received an Arts Council England National Lottery Project Grant of £88,159 in October 2021 to deliver -August 2022.

luding Foundation Derbyshire (£1,051), Unity Theatre Trust ,470).

practitioners trained in the Hubbub Way, to include 6 new Freelance Practitioners and 2 Creative Enablers. And our Artistic Director was able to develop the intellectual property of The Hubbub Way methodology, a training that will continue to be offered and delivered as an advocacy and income generation tool.

Two part-time Producers, focusing on Development and Engagement, maintained activity throughout 2021-22, alongside a freelance Finance Manager.

The Engagement Producer tended their resignation for their part-time role in January 2022, but continues in a freelance capacity coordinating the Reimagine project and additional outreach activity.

A freelance Interim Executive Producer was engaged from August 2021 and will continue through to May 2022, luding to fundraise for future proofing the company, to create a Business Plan and to manage the company at Exec Level to enable the Artistic Director to focus on the company activity and creative team training and support.

Multiple-year funding bids continue to be sought by Hubbub and in early 2022 we focused on preparing our -26, and a 3-year bid to the National Lottery Community Fund to support the Get Involved programme.

FINANCIAL REVIEW

2021-22 was £226,186.

Due to Covid restrictions and caution continuing through Spring 2021 and returning December 2021-Feb 2022 activity was improved on 2020/2021 though still curtailed, resulting in earned income from fees and commissions accounting for 26% of income (22% in the 2020/2021, 39% in 2019/2020, the last pre-pandemic year).

Reserves Policy

The organisation aims to build up reserves to cover 6-9 months operating costs in the event of a drop in income. For the 2022-23 financial year, this is likely to be in the region of £87k - £131k. Unrestricted reserves at 31 March 2022 were £108,914 that, should the company need to be wound up, this should be done over a reasonable period of time to adequately support the wellbeing of our actors and participants in transitioning out of the company.

Public Benefit Statement

In exercising their powers, the trustees of Hubbub Theatre Company have complied with their duty to pay due

Hubbub Theatre Company

For the year ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Hubbub Theatre Company is a Charitable Incorporated Organisation, constituted on 1 October 2015. The governing document is a foundation model constitution. Prior to incorporation, the current Artistic Director and Chief Executive Officer Jennifer Sumner, had been running a group using the name Hubbub Theatre Company as part of her sole trader practice.

ar, and no amendments to the constitution were

made.

List of Trustees from April 2021 March 2022

Board Development

The previous Chair of the Board, Clare Limb, reached the end of her tenure in July 2021 and chose to step down from the Board in October 2021.

Board members Jenni Grainger and Victoria Barker were voted in as Chairperson and Vice-Chair respectively.

The board is now comprised of:

Vickie Minio joined the charity as a Trustee in October 2021 and brings skills in working with young people and adults with additional needs, especially in the area of Safeguarding.

Company member Izzy Noake, who identifies as LD, reports to the Board & takes questions on behalf of the company

A skills audit of the board took place in 21-22 and and a recruitment drive is planned in 22-23 to extend and diversify the Board further. Hubbub are also working with Access All Areas in their Transforming Leadership mission to engage more learning disabled and autistic leaders at all levels of the company, including Governance.

Hubbub Theatre Company

Report

For the year ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1164103 Registered office Hubbub Theatre Company Deda 19 Chapel Street Derby DE1 3GU The board of Trustees Clare Limb (Resigned November 2021 Andrew Cochrane Jenni Grainger Chair Victoria Barker Vicki Minion (Appointed October 2021) Independent Examiner John Howard FCA Azets Audit Services Chartered Accountants 2[nd] Floor, Regis House 45 King William Street London EC4R 9AN Key management personnel Artistic Director - Jen Sumner

Approved by order of the board of trustees on 1 October 2022 and signed on its behalf by:

----- Start of picture text -----
Jenni Grainger (Chair)
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For the year ended 31 March 2022

I report to the trustees on my examination of the accounts of the Hubbub Theatre Company (the Charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011

I report in respect of my examination of accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts matter considered as part of an independent examination.

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.

J Howard FCA

Azets Audit Services Chartered Accountants 2[nd] Floor Regis House 45 King William Street London EC4R 9AN

Date:

Statement of Financial Activities For the year ended 31 March 2022

Unrestricted
Notes
funds
2022
£
INCOME AND ENDOWMENTS FROM
Donations and grants
2
78,712
Charitable activities
Education through performing arts
3
59,649
___
Total
138,361
__
EXPENDITURE ON
Raising funds
4
11,936
Charitable activities
Education through performing arts
5
122,104
_
Total
134,040
_
NET INCOME/(EXPENDITURE) BEFORE
TRANSFERS
4,321
Transfers between funds
-
_
NET INCOME/(EXPENDITURE)
4,321
RECONCILIATION OF FUNDS
Total funds brought forward
104,593
____
Total funds carried forward
15
108,914		 Restricted
Funds
2022
£
87,825
-

___
87,825
__
-
76,593
_
76,593
_
11,232
-
_
11,232
19,000
____
30,232		 Total
funds
2022
£
166,537
59,649
___
226,186
__
11,936
198,697
_
210,633
_
15,553
-
_
15,553
123,593
____
139,146		 Total
funds
2021
£
162,268
49,384
___
211,652
__
11,936
116,241
_
133,208
_
78,444
-
_
17,088
45,149
____
123,593

The notes on pages 10 to 16 form part of these financial statements.

Balance Sheet As at 31 March 2022

2022
Notes
£
CURRENT ASSETS
Debtors
11
12,288
Cash at bank and in hand
157,283
__
169,571
CREDITORS
Amounts falling due within one year
12
(30,425)
____
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2021
£
£
7,965
123,374
__
131,339
(7,746)
_
139,146
___
139,146
~~__~~
108,914
30,232
____
139,146		 £
123,593
__
123,593
~~_~~
104,593
19,000
___
123,593

The financial statements were approved by the Board of Trustees on 1 October 2022 and were signed on its behalf by:

Jenni Grainger (Chair)

The notes on pages 10 to 16 form part of these financial statements

Notes to the Financial Statements For the year ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

These financial statements have been prepared 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 (FRS 102) (effective 1 January 2015) (Charities SORP (FRS 102)).

The charity has taken advantage of the disclosure exemption, otherwise requiring a Statement of Cash Flows, as permitted by Update Bulletin 1.

Public benefit

Hubbub Theatre 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;

Going concern

After reviewing and possible changes in trading performance, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements.

The trustees have also considered the impact of the COVID-19 pandemic lockdown on the future viability of the charity. Since the end of March 2020

date of approval of these financial statements, the full impact on the charity remains uncertain. Remodelled budgets for the coming year have been prepared which predict a small deficit, which the charity has unrestricted funds to cover. There has also been a successful application to the Arts financial statements should be prepared on a going concern basis.

Consequently, the trustees have a reasonable expectation that the charity will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore have prepared the financial statements on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Income

All income, including grants, are recognised in the Statement of Financial Activites (SoFA) once the charity has entitlement to the income, it is probably that the income will be received and the amount of income receivable can be measured reliably.

Incoming resources from charitable activates includes income from performance fees received under contract. Grant income included in this category provided funding to support performance activities, touring or workshop projects and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Grants received for specific purposes are treated as restricted funds. Income is deferred when performance fees or grants are received in advance of the performance or event to which they relate.

Notes to the Financial Statements (continued) For the year ended 31 March 2022

1. ACCOUNTING POLICIES (continued)

Expenditure

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

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs, involved in undertaking each activity.

Direct costs attributable to a single activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Central costs are allocated on the basis of time spent.

Pension costs and other post-retirement benefits

The charity contributes to personal pension plans and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Taxation

The charity is exempt from corporation tax in respect of income to the extent that such income is applied exclusively to charitable purposes.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

General funds are unrestricted which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors of which have been raised by the charity for particular purposes. The costs of raising and administering the funds are charged against the specific fund. The aim and use of the restricted fund is set out in the notes to the financial statements.

Operating leases

The charity classifies the rental lease as an operating leases, where substantially all of the benefits and risks of ownership remain with the lessor.

Rental charges are charged on a straight line basis over the term of the lease.

Notes to the Financial Statements (continued) For the year ended 31 March 2022

2.
DONATIONS AND GRANTS
Grants
restricted
Grants - unrestricted
Total		 Total
funds
2022
£
87,825
78,712
______
166,537		 Total
funds
2021
£
80,246
82,022
______
162,268

Grants were received in the year from ACE, Derby City Council, Edward Gostling Foundation, Sylvia Waddilove Foundation, ASDA Foundation, Foundation Derbyshire, Cultural Recovery and MENCAP LGD.

3. INCOME FROM CHARITABLE ACTIVITIES

Actor training fees
Get Involved programme fees
Outreach/performance fees
Commission
Other income		 Total
Funds
2022
£
30,660
13,230
13,830
-
1,929
______
59,649		 Total
Funds
2021
£
25,400
10,960
7,600
-
5,424
______
49,384

4. RAISING FUNDS

RAISING FUNDS
Direct costs
(note 6)
£
Cost of generating support income
-
__
~~_~~
EXPENDITURE ON CHARITABLE ACTIVITIES
Direct costs
(note 6)
£
Programme costs
92,213
___
92,213		 Support
costs
(note 7)
Salary,wage
and fee costs
(note 8)
£
£
-
11,936
__
_
11,936
~~_~~
~~__~~
Support
costs
(note 7)
Salary,wage
and fee cost
(note 8)
£
£
46,721
59,763
_
_
46,721
59,763		 Total
£
18,737
______
18,737
~~__~~
Total
£
198,697
____
198,697

5. EXPENDITURE ON CHARITABLE ACTIVITIES

Notes to the Financial Statements (continued) For the year ended 31 March 2022

6. DIRECT COSTS

Salary wage
and fee costs
(note 8)
Other direct
costs
£
£
Cost of generating support income
Programme costs
-
74,500
-
17,713
__
_
74,500
17,713
___
______
7.
SUPPORT COSTS
Support costs, included in the above as follows:
Equipment
Premises
Admin & marketing
Travel & subsistence
Fees
Telephone
Other Accountancy fees
Sundry
8.
SALARIES, WAGES AND FEE COSTS
Wages and salaries
Employer's national insurance costs
Pension costs
Freelance salaries
Total salaries wage and fee costs
These costs are allocated in the accounts as follows:
Marketing
Programme costs
Artist fees		 Total
2022
£
-
92,213
__
92,213
_
2022
£
2,919
6,959
16,093
5,105
-
-
3,120
3,780
8,721
_
46,721
__
2022
£
82,271
898
1,293
_
84,462
61,737
_
146,199
~~_~~
11,936
59,763
74,500
_
146,199		 Total
2021
£
5,325
57,595
__
62,920
_
2021
£
1,863
3,285
7,584
383
10,512
864
3,000
-
(26)
_
26,665
__
2021
£
44,422
1,999
537
_
46,958
33,344
_
80,302
~~_~~
16,976
25,078
38,257
_
80,302

Notes to the Financial Statements (continued) For the year ended 31 March 2022

8. SALARIES, WAGES AND FEE COSTS (continued)

No employee received emoluments of more than £60,000 (2021: £60,000).

The key management of the charitable company comprise of the Trustees and the Artistic Director. The Trustees do not receive any remuneration for this role. The total employee benefits of the key management personnel for the charitable company were £38,654 (2021: £36,731)

9. TRUSTEES' REMUNERATION AND BENEFITS

1 March 2022 (2021: Nil)

Trustees' expenses

1 trustee (2021:0) was reimbursed £99(2021: £0) for travel expenses during the year.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2021)

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
82,022
80,246
Charitable activities
Education through performing arts
49,384
-
_
_
Total
131,406
80,246
_
_
EXPENDITURE ON
Raising funds
16,967
-
Charitable activities
Education through performing arts
31,405
84,836
_
_
Total
48,372
84,836
~~_~~
~~_~~
NET (EXPENDITURE) BEFORE TRANSFERS
83,034
(4,590)
TRANSFERS
-
-
NET (EXPENDITURE)
83,403
(4,590)
RECONCILIATION OF FUNDS
Total funds brought forward
21,559
23,590
_
_
TOTAL FUNDS CARRIED FORWARD
104,593
19,000
_
_
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade debtors
Accrued income
840
11,448
____
12,288		 _ Total
£
162,268
49,384
____
211,652
_
16,967
~~116,241~~
_
133,208
~~_~~
78,444
-
78,444
45,149
_
123,593
_
2021
£
7,965
-
______
7,965

Notes to the Financial Statements (continued) For the year ended 31 March 2022

12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
Deferred Income
Balance as at 1 April 2021
Released in year
Deferred in year (restricted)
Balance as at 31 March 2022		 2022
£
25,690
1,454
3,280
_
30,424
~~_~~
£
160
-
-
____
160		 2021
£
3,775
810
3,161
____
7,746
~~__~~ ~~____~~

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

2022 2021
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Current assets and Fixed Assets 139,939 30,232 169,571 131,339
Current liabilities (30,425) (30,425) (7,326)
____ ____ ____ ____
108,914 30,232 139,146 123,593
~~____~~ ~~____~~ ~~____~~ ~~____~~
14. MOVEMENTS IN FUNDS Net Transfers
movement between
At 1/4/21 funds funds At 31/3/22
£ £ £ £
Unrestricted general funds 104,593 4,321 - 108,914
Restricted funds
Cultural Recovery Fund 19,000 (19,000) - -
- 30,232 - 30,232
____ ____ ____ ____
123,593 15,553 - 139,146
~~____~~ ~~____~~ ~~____~~ ~~____~~
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended funds
£ £ £
Unrestricted general funds 138,361 134,040 4,321
Restricted funds
Cultural Recovery Fund - (19,000) (19,000)
80,717 (50,485) 30,232
Lets Get Digital 7,108 (7,108) -
____ ____ ____
TOTAL FUNDS 226,186
____		 (210,632)
____		 15,553
____

Notes to the Financial Statements (continued) For the year ended 31 March 2022

14. MOVEMENTS IN FUNDS (continued)

Restricted funds

Project grants are those grants, and other funding received for specific projects.

Culture Recovery Fund Funding received from Cultural Recovery Fund Round 1 was originally to cover the period October 2020 to March 2021. Due to the continuing challenges of Covid19 the period was extended to June 2021 and the restricted fund was fully spent in the year.

Arts Council England Bloomin Funding awarded by ACE for Organisational and Professional Development. This project will continue until completion in August 2022.

£4,500 Bursary awarded by Mencap to purchase equipment to be used directly by people with learning disability to enable them to access new technology and increase their digital skills. £2,000 Seed Funding to address wider organisational digital needs.

Comparatives for movements in funds Net Transfers
movement between
At 1/4/20 funds funds At 31/3/21
£ £ £ £
Unrestricted general funds 21,559 83,034 - 104,593
Restricted funds
The Drum 23,590 (23,590) - -
Cultural Recovery Fund - 19,000 - 19,000
____ ____ ____ ____
TOTAL FUNDS 45,149
____		 78,444
____		 -
____		 123,593
____

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended funds
£ £ £
Unrestricted general funds 131,406 (48,372) 83,034
Restricted funds
Project grants 80,246 (84,826) (4,590)
____ ____ ____
TOTAL FUNDS 211,652
____		 (133,208)
____		 78,444
____

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022 and 31 March 2021.

Detailed Income and Expenditure Account For the year ended 31 March 2022

INCOME AND ENDOWMENTS
Donations and grants
Grants - restricted
Charitable activities
Actor training fees
Get Involved programme fees
Outreach/performance fees
Commission
Other income





Total incoming resources
EXPENDITURE
Raising funds
Wages and salaries
Direct fees
Other support costs
Charitable activities
Direct costs
Wages and salaries
Direct fees
Other direct costs
Support costs
Other support costs
Total resources expended
Net income/(expenditure)		 2022
£
166,537
166,537
30,660
13,230
13,830
-
1,929
65,649
226,186
11,936
11,936
92,213
74,500
17,713
151,975
46,721
210,633
15,553		 2021
£
162,268
162,268
25,400
10,960
7,600
-
5,424
49,384
211,652
16,967
-
-
16,967
25,078
38,257
43,208
106,543
26,665
133,208
78,444

This page does not form part of the statutory financial statements