REGISTEREO CHARITY NUMBER: 1165S41 Report of the Trustees and Unaudited Financial Statements for tho Year Ended 31 March 2025 for Full House Theatre
Full House Theatre Contents of the Financial Statements for the year ended 31 March 2025 Page Report of the Trustees 1105 Independent Examinerfs Rwjrt Statement of Financial Activrties Balance Sheet Notes to the Financial statents 9 to14 DetaId Slalement of FInarlat Acbvrties 15
Full House Theatre Report of the Tntstees for the year ended 31 March 2025 The trustees present their report wrth Il financkal statements of the charitable incorporated organ15alion for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Chantie5.' Statement of Recommended Practice applicable lo charrties prepanng their accounts in accordance with the FinanckAI ReportJ"ng Stsndard appIable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1165541 Principal addres5 12 Kings Arms Yard Church Street Amplhill MK45 2PJ Trustees Prof. S Mackey (Chairl J Riley P Mayes V Pearce P Kouwenberg B Jillani - resigned 20 Juty 2024 S Al-Khayyat R Sp8rrey- appointed 24 April 2024 Independent examiner Harris and Co Chartered Accountants and Business Aoknso Pavilion Court 600 Pavilion Drive Northampton NN4 7SL STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity was registered a5 a thartsble incorPated organision in February 2016 and is cOntrold by its foundation model consti(ution. Board of Trustees Full House'5 Sustained grovrth (since 2(h)11, highty successfvl parthership working and excellent track record for delivery is fa¢ili18ted by clear strateg planning and excellent project management overseen by a mmitted and supportive Board. Our govemance structures are rcknust.. our Boarcl is dwerse, committed and includes a wide range of professional expertise. Our Board meet regularty lo guide and monitor the Pfogress against our ViSK)n and goals. In January the Board came together for a highty successful Strategic away day and welcomed a rEw member to the dedicated group of highty skilled professiona15 trom arts, business. education and chantable t0[s. Page 1
Full Houso Theatre Report of the Trnstees for the year ended 31 March 2025 The Board a minimum of four times a year. more frequentty rf requireif. We eonduct specific subcommrtiees, such as ffinar. to support the devebpment of new work. recruf(ment. strategic development and business planning. We remain crxnmitted to the broadening the dNersty of our Board, for our governance to reflect the communi(ies which we serve and this indicative of our commitment lo increasing representation of our community across all of our activty. 28% of our t#)ard are of Global Majorty herrtage and 850kn female. We are expbring ways for young people's v0S to be heard at Board level and to maintain and ireaSe ts diversty. As an olganisalion working with chiklren and youNJ pwle, the Board have a kw role to play in ensuring that our safeguarding policies and prathes are robust and appropnale. In 2024 we introduced in house Safeguarding training for our core and wder team and this remains embedded In our annual activty. All Board members undertake regular safeguarding training and our poIleS in this area are reviewed annualty. New Board members are subject to an enhanced DBS disclosure and Board induction Includes explanation of key policies. to ensure transparency and gocMI govemance, such as (r confiicl-of-inlerest policies, grievance and disciplinary procedures and the Chanty Commission's guidance for being an effedive trustee. We have thorough evaluation procedures in place for all our athty. monrtored and rewewed regulady at Board Ve1 to infom) futufe planning and delNery. Employed Staff Full House is drwen by the shared viSn ofjoint CEOS and Creative Directors, Ben Miles and Harriet Hardie. who have I Full House successfvlty since founding the COnY. Day to day njnning of the organisalion is undertaken urKler a scheme of delegatitsn which is revied every three years. Our organisation's core activities are managed by a full-timè administrator. wtth the company since 2016. Project management, funding and development are the shared responsibilty of our CEOS and the Senior Producw and supported by our Administrator and Marketing Co-ordinator. Fomwl appraisals of stsff are uTrdertaken annually whefe job description. targets and aims of the prevK)us year are revieNved. new aims agreed and trainirKJ needs discussed. The annual budget includes a reasonable training fund for staff. Contract Staff We always pay the industry standard or atr)ve to artlsts we work wrth. For example, we follow Independent Theatre Council IITCI rates. Equity pay scales and guiddines frc¥n The Wrrters Guild when setting fees for the creatives we work wrth. In March 2025 we were approved by ITC and Equty as Ethical Managers. We often broker higher fees for eyrienced Creatives to ensure the artist success. Remuneration We are a values led chanty and pk8ce hwJh imwtance in investing in our team. We are member of the living wage foundation. The charity operates a MneratIOn policy in lir wrth the NCVO PayS(ale and salaries for all directty employed staff are set wrth party to other similar scale organisalions in the arts and Cultural and voluntsry sector. Any increases are calculated tr) include the financial perf0mlan of the organisation as a whole and the personal perfomiance of the employee during the year under revM¥. The average employee headeounl during the perK)d was 8.3. No empkjyees eamed in excess of £60.WO and the lolal reMUneraln paid to the key management personnel during the perkyj was £107.160. During the period the trustees received no remuneration. Related parties Partnership working is key to Full House achieving rts goals and this has never been more evident than in this year. We have worked closety wrth key stakeholder partners at both national and regk)nal levels including local authortties. venues, community groups. sch(M)Is and other arts Organisations to ensure the conlinualion of our activities. We have a natnal reach, and our partnetship, particularty in the theatre for young audiences seclof is key to the devek)pment of our work. Fundraising Full House does not use the of prcrfessvjnal lundraisets or commercial parbcipalors to assist wrth its income generation. No eomplainls have been reced regardirKJ ts fvndratsing activities. Page 2
Full House Theatre Report of the Ttee9 for the year ended 31 March 2025 Rlsk management Full House is a robust and efficAentty managed arts organi&ion. which has bn successfulfy delNering Projects for children and Y(ng people Sin the f0mtIOn of the company in 2001. To ensure sound financial management the Board sign-off quarterty management )Unt5, following an annual budget approved in advan of each financial year. A Ri8k Register, ineluding a RAG based risk analysis to)1 is presented at quartedy board meetings. This enables the board to respond swrftty and appropriately. OWECTIVES AIID ACTMTIES Charitable objective The advancement of education in tre perfrnIng arts Ihrough the provk8)n of publ perfomnces and workshops. Our Vision For every Child to hold treasured mèmories of theatre. Our Mission With our aUdnCe at the heart of our Wofk we careftjlty craft, prcKJramme and devebp iheatre and performanee projects for, by and with children arKI young people. We exist to enrich young creatNe minds. delbjht young adnCeS. a1 nurture a lrfek)ng connection with the arts. Full House is cc¥nmit to listening arKI resporKJing to the needs of our audyence, reaching oyl to 811 corners of the communty lo create ksling memories. Significant actlvltjes 2024125 was a year of broad ranging activty and through our perf(n and partipory work we reached at total of 14, 824 chddren, young ppIe and their families. Creative Buzz HAF The charity continues to work in partnership with Central Bedford5hire LA to provide holpjay actwtties and food for disadvantaged children in our In 2024125 405 chIldn attended our Creative Buzz prcxJramme, tsking part in fun creative actMtEs, going on try)s to the theatre and enioying free heahY hol meals each day. Sen Adventurès Building on our successful work creab'ng immersNe sensory experien for children wrth SEND needs we expanded oui de5ivery model lo take perfomiances into libraries across Central Bedfordshire. Thts activity provided access to enriching creative activities for chiklren WIN) can fa the most baryiers to engagement. 204 chiklren enjoyed entering our sensory wortds over 39 perf0rnBr in 5 libraries. GRT Greensands This year we have deepened our ertgagent with Central Bedfordshire's Gypsy and Traveller communty. working regularly across three sites in Greensands Country. Using musi¢, visual arts and perfomance we have explored heritage narratNes of famil*s frryn this seklom heard ¢cmn and this co-creation project will culminate in a touring exhibthn next year. Creative Path Sector and skills devebpmenl is a growtng area of the charty's work and a programme of CPD and mentoring opportunities for local artists. supported by the UK Govemment through the UKSPF fund began in 2024125. This has also included the Launch ol two commissions local artists_ 19 artists are already taking part in the programme and this will no doubt build in 2025126. Community engagement and consultation ha5 been a bedrod( of developing a new narralwe route for children and families at Wardown House and Museum. Working in partnership with The Culture Trust we have delivered creative inteNenlions in sctrbx)Is and community settings in Lulon. wi(h 1.131 children experEncing performances of The Fabr of Luton and assrKBted partip3t0ry xtivty. Page 3
Full House Theatrg Report of the Trustees for thg year ended 31 March 2025 MPED Amplhill Town Council once again commisSned the or9anLsatTr to delNer a programme of participatory ¢realwe actNities for young pec*)le Irving and leaming in the town and this year we also introduced the 'Wld in Wellies, strand of work for under-fives. HvJhlights of the 2024r25 AMPED prcxjramme included model making workshops with Aardman AnimatK)n and SFX make-up Master¢sses. 306 people engaged in the programme this year and we are now planning more a(thTbes for 2025r26. Hou hton R is Art T¢)Yffl and Hullaballoo Our ongoing community arts project continues to engage di%advantaged chiljren in exciting creative actwities Including the continuation of the Art Town Fantsstic Friday's prcvJramme. with a range of arts and euV(ural engagement opportunrties for under-fives and their grown-ups. This year saw the relum of the well- established Hullabalk)o outdoor arts festival in Houghlon Regis. wf(h 12 lThie perfomances taking place across three sites in the town. 2.034 people have taken part in and attended a Full House tIvIty this year in Houghton Regis. The Kin 's Polar Bear Themes of environmental sustainability and climate crisis UndeInned the cr&ition of a new show for young audiences which toured the UK in October and November 2024 before a Ihree-week seasonal fun in Luton. The piece was a poignant and posrtive provocation and expbred big ideas. 1,934 children anrj families attended shows. with friends and famity as part of an organised sch1 trip. Who is Bedford? In partnership wf(h Bedford Borough Council 1.171 childien had the opportunty to take part in an inleraclive and immersive heTrtage expellen, whth engaged schwl children in leaming around Bedford's history of mutticulturism and the town's drverse Ccrnunrts. Feb Fost Luton's flagship children's arts festNal continues lo bring high qualty ¢reatNe and cultural eXperienS for families. This yearfs programme was speerfically curated by Full Hcmjse wrth a focus on aCS and inclusion and representation of LLrton's plural communities. 2,160 people attended the festival. wrth highlights being the highly inclusive The Sticky Dance and hosting Kininso Koncepts from Nigeria wi(h their piece Sandscapes. In 2024125, we reached new and dee communities. created inspiring rfornnce work. and forged strong partnerships. The ¢harty ends the year in a solwj TInarla1 p)srtKJn. with ongoirsg ¥tivilies and secured funding tha set the stage for an ambrtKJus and Cwtimist start lo 20256_ Page 4
Full House Theatre Report of the Trustees for the year ended 31 March 2025 Financial Review Charities olic on reserves The charity's reserve policy is to have a reseNes range of beeen £120,(M)O and £180.CH)O, lo be held to cover the commrtmenls of the office buikling and the wages of staff for up to six months arKI, rf necessary, winding down the chanty. The reserves held as at 31 March 2025 are £477.016. whh includes unrestricted general core free reserves of £172,934. of which £153.515 are net current assets and £19.419 are tangible fixed assets, Including company veleS Wrthin unrestrted funds. the twstees have designated funds of £192,37512023124 £165,0001. These were set up by the trkjstees to reflect future fundraising inrtiatives, Art Town and Misguided Walk piojects and the replaeemenl of the organisation's vehicle. No furKls are in deficrt as al 31 March 2025. The principal fur)ders during the year are as follov*S.' Ampthill Town Council Arts Council England Bedford Borough Council Bedfordshire and Luton Communty Foundation Central Bedfordshire Council Historic England Houghton Regis Town Council John Lewis I Wartrose National Lottery Heritage Fund The Connolly Foundation IUKI Ltd The Culture Trust Luton The National Foundation for Mus The Wixamtree Trust Declaration The Iruslees declare that they have approved the trustees, rewt above. Signed on behalf of the charity's trustees. Signature Isl Full Name Isl Position Date 2025 S Al-Kha Co£hair Page S
Independent Examinerfs Report to the Trustees of Full House Theatre Independent Examinerfs Rèport to the Trustges of Full House Thoatre I report lo the charity trustees on my examinat of the xcounts of the chanty for the year ended 31 March 2025 which are set ct on p4es seven lo fourteen. Responsibilities and basis of report As the charity's trustees you are responsble for the preparation of the xcounts in accordance with the requirements of the Charrties Act 2011 Ilhe Adl. I report in respect of my examination of the charity's &counts carried out under sect 145 of the Act and in Carrying out my examination I have follthved all the applicable Directions given by the Charty CommisSn under seclM?n 14515llbl of the Act. Independent examIneS statement I confirm that l am qualrfwl lo undertake the examination because l a member of The Insti(ute of Chartered Aecountsnls in England and Was, whh is one of the listed bJieS. I have completed my examination. I confim that no material matters have c(rE lo my attention in conn&tion wrth the examinats.on giving me uSe lo believe th* in any material respect.. 8ccounting records were not kept in respa¢t of the charity as r&4uired by section 130 of the Act,. or the accounts do nol accord wrth those records". or the accounts do not comply wrth the applicable requirements conceming the fomi and conlenl of aecounls set out in the Charrties {Accounts and Rewrtsl Regulations 28 other than any requirement that the a¢counts give a'true and fair whh is ncrt a matter cortsthred as part of an independent examination. I have no concerns and have ccffie rO$S no other matters in conneciion with the examination to whh attention should be drawn in this rewrt in order to enable a proper understanding of the accounts lo be reached. Sarah Buswell FCA Harris and Co {Accountants) Limlted Chartered Accountants 2 PaViln Court 600 Pavilion DrNe Northampton NN4 7SL Date.. Page 6
Full House Theatre SL*m?nt of Financial Activities for lh• year ended 31 March 2025 2025 Restricted T¢)tal funds funds 2024 Total funds Uniesthcted fijnds Notes INCOME AND ENDOVIMENTS FROM Charitable activities Delivering charitable 8Ctwrties Investment ineome Other income 253,322 13.501 31,342 304,276 557,598 13,501 31.342 444,584 11,980 37,165 Total 298.165 304.276 602,441 493,729 EXPENDITURE ON Charitable activities Raising funds Charrtable tM1$ 13.872 223.127 13,872 503,150 30,147 428,941 280,023 Totsl 236.999 280.023 517.022 459.088 NEf INCOMEIIEXPENDITURE) 61.166 24,253 85,419 34.641 Transfers between funds 43,024 Net movement in funds 18.142 67,277 85.419 34.641 RECONCIUATION OF FUNDS Total funds brought forward 347.167 44.430 391,597 356,956 TOTAL FUNDS CARRIEO FORWARD 365,309 111,707 477,016 391,597 The notes form part of these financial statements Page 7
Full House Theatre Balance Sheet At 31 March 2025 March 2025 Total funds March 2024 Total funds unreStrted Restricted funds funds Notes FIXED ASSETS Tangible assets 19,419 19.419 20.241 CURRENT ASSETS Debtors Cash at bank and in harKI io 68,339 15,816 103011 84,155 47,913 360,893 118,827 479,720 384,785 CREDITORS Amounts falling due within Or year {15.(X)3) 17,1201 {22.1231 113.4291 NET CURRENT ASSETS 345,890 111,707 457,597 371,356 TOTAL ASSETS LESS CURREP LIABILITIES 365.309 111.707 477,016 391,597 NET ASSETS 365,309 111,707 4TI,016 391.597 FUNDS Unrestred funds - General Unrestri¢ted - DeSnated Restricted funds 12 172.934 192.375 111,707 182,167 165.000 44.430 TOTAL FUNDS 477,016 391.597 T&laY is •Mued derS477(l Comw•8sAa 31 2025 The m8mtets hève nL AcrnuMin9 Slandyrds IUThted GeTr¥atyA•Acth[j Prthl. The law4PPktatrleioch•atiè$ 18wir1heIth51O atruwarrfj tsrTrAtrwdthe state r$Oft chatty aidollheiTrCtsYifWJ 1OWYJt¢es a>J clrexRwcrfthe peiKA1 In ptewng ihesèfir@nrid staièmènt6, the iru$tes rwredlo 4J$6Yv9 the L4in¢yles IhlheCharlsSORP 2019IFRS 102)." Etemert$, IrJstee$ are re¥p¢t4eItrF keépng wopei SKc¢xxiting retr)that rewith arty tirnethefin•ic4al potth ofth&thArity en881¢ to that thefinl tsemerrtSeLknpqyrfh meClib8s At12011.thel¢hitresiAeLxpJntsJrO Rewrtsl R¢pat)nS2w8 tho pr¢wsthi$ ofthetru#4•¢d. Theyaw stepgfwlhe PI%¢ntiL and det1¢ dfrwj aThJ C¢herirwLlarths. The tlufqs are resp0 forlhÈmantewKe•vJifrtvJrtyrflhethaily dnKlI1knrth thanfy'swetArtt. Le1•ti ID Itcd 9ovqrThng the weparaon rrthw jU[K?S. wre rts bth81 S Al-Khayyat IC(>Chairl -Truslee The nths fomi part of these anCIal statsments Page 8
Full House Theatre Notes to the Financial Statements for the yearended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial sLitements The trustees believe that the charty can opere in the feeable and as such consider f( appropriate to prepare the aCCnts on a going concem basis. Accounting convéntion The financial slalements of the charty have been prepared in accordance with Aecounting and Reporting by Charrties.. Slalement of Recommended Practice applicable to charities preparing their accounts in (dance with the Financtal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffe¢tive 1 January 2015} - {charit SORP {FRS 10211, the Financial Reporting Standard applUb in the UK and Republ of Ireland IFRS 1¢f21 and the Charrties Act 2011. The financial slalements have been prepared under the historical cost convention and the presentation currency used in the aoUnts is pounds sterling. Cash flow statement The Iruslees have taken advantage of the exemptN)n in Financial Reporting Standard No. 1 {revisedl and the new CharilEs SORP IFRS1021 from including a cash flow statement in the financial slalements on the grounds that the charrtable company i8 small. Income All incoffle is recognised in the Statement of Financkal Activities otK the charity has entit1 lo the funds, it is probab that the income will be received and the amount can be measured reliably. Voluntary Income is received by way of grants. donatsons and gffts and is included in full in the Statement of Financial Activrties when re1Vab. Income is only deferred when the donor specrfs that the grant or donatK)n must only be used in future accounting periods or the donor has imposed conditions which must be mel before the charity has unconditional entrtlemenL Expendlture Liabilities are recognised as expenditure as soon as th is a legal or constructive obligation committing the charty to th expendituie. it is Probab that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured lIablY. Expenditure is accounted for on an accrua15 basis and has been c18SSrfd under headings that a99regate all cost related to the category ere costs cannot be directty attribirted to particular hearjings they have been all(ated lo actNities on a basB CCSistenI wrth the use of resources. Tangible fixed assets Depreciation is provided at the f01hving annual rates in order to write off each asset over its estimated usefvl lrfe. Motor veht¢le$ Leasehold improvements - on straht line bas on slraBJht line basis Taxation The charty is exempl from tax on rts charttable actNi(S but has claimed Theatre Tax Relief on theatrical produ¢tfon core experKlf(ure. namdy the costs of prcxlucing the prc(luclion {including exceptional running costs) and c105ing the production. Fund accounting Unrestricted funds can be used in accordance wrth the cha¥rtable objeclNes at the discretion of the trustees. Restricted funds can onty be used for particular restrtcled purposes within the objects of the charity. Restrietions arise when sled by the donor IN when funds are raised fr)r partular slricted purposes. Further expLAnation of the n*ure and purpose of each fund is included in the trustees, report. Page 9
Full House Theatr& Motrs to the Flnan¢ial Ststemènts - continu•d for the year ended 31 March 2025 STATEMENT OF FINANCIAL ACTMTIES FOR THE PERIOD ENDED 31 MARCH 2024 2024 T¢)tal funds un1¢ted Restn"cted funds funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Delivering charrtable actNities 244.540 2CQ.044 444.584 Investment income Other income 11,980 37,165 11.980 37,165 Total 293,685 200,044 493,729 EXPENDITURE ON Charitable activities Raising funds Charitable actNi(S 30.147 160,559 30,147 428,941 268,382 Total 1,7( 268,382 459,088 NET INCOMEIIEXPENDITURE) 102,979 (68.3381 34,641 Transfers betwe funds 12 64,945 Net movement in funds 38.034 (3,393) 34,641 RECONCILIATION OF FUNDS Totsl funds brought forward 309.133 47.823 356,956 TOTAL FUNDS CARRIED FORWARD 347,167 44,430 391,597 Page 10
Full House Theatre Notes to the Flnan¢i•l Statements - continu for the year ended 31 March 2025 INVESTMEpif INCOME 2025 2024 Interest receivable 13.501 11,980 INCOME FROM CHARITABLE ACTIVMES 2025 2024 Venue fees Grants Earned income Edu1t10n f9es 20,242 508,584 7,032 21,740 557.598 12,130 404,826 19,354 444 584 225 Deferred Income at 1 April 2024 Resources deferred in the year Amounts released from prewous y&ars Deferred Income al 31 March 2025 10,000 10,000 Al the balance sheet date the charity was not hdding any funds received in advance. OTHER INCOME 2025 2024 Theatre tax relief Donations 30,119 1,223 31,342 36,621 544 NET INCOME FROM CHARITABLE ACTIVITIES Nel resources are stated after charging". 31.3.25 31 3.24 Depwiation- ned assets Independent examinerfs fees 7,9 8,174 490 525 Page11
Full House Theatre Notes to the Financlal StstèmÈnts- ¢ontinued far thè year ended 31 March 2025 STAFF COSTS 31.3.25 31.3.24 Wagès and salaries Socsal Securty costs Pension ntribut)nS 214.475 177,840 11.953 8,580 6,339 7,878 232,767 194.298 The average number of emt4oyees during the year was 8.3 (2024- 6.3}. TRUSTEES. REMUNERATION ANO BENEFITS Expenses totslling £51 were pakl to one trustee during thè year ended 31 March 2025 {2024.' £nill. TANGIBLE FIXED ASSETS Motor Vehicles Leasehold Improvernents Total funds COST At 01 April 2024 Add'onS 31.867 40.867 7.147 7.147 Al 31 March 2025 16.147 31,867 48.014 DEPRECIATION Al 01 April 2024 Charge for the perK 7.500 1.595 13.126 6,374 20,626 7,969 At 31 March 2025 19,500 28,595 NET BOOK VALUE Al 31 March 2025 7.052 12,367 19.419 Al 31 March 2024 1,500 18,741 20,241 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors 15,816 68,339 13,031 34,882 47.913 Page 12
Full House Theatre Notss to the Financlal Statsments - ¢ontinued for thè yèar ended 31 March 2025 11. CREDITORS: AMOUNTS FALLING DUE MTHIN ONE YEAR 2025 2024 Trade credrtors Other ¢redilors 7,852 3,936 12. MOVEMENT IN FUNDS Net movement in funds Transfe between ftjnds At 1.4.24 A131325 Unrestricted funds General fund Designated fund- art town Designated fund- creative playgrounds Designated fund- fundraising contingency Designated fund- misguided walk Designate(I fund- vehicle repwment 182,167 61,1e6 {70,399} 10,000 172,934 10,000 10.000 110,0001 1(KJ.O(x) 20.000 7,375 120,000 7,375 55.0(x) 55,000 347.167 61.166 {43,0241 365,309 Restricted funds Apples and Lollipops Creative Pathway I P*ground Day Dreamers 19391 7,000 (2.9491 33 5.000 2,949 5.094 12,000 Doorstep Adventures Festivals Holiday Adivrties and Fr Houghlon Regis Art Tn My Museum Participatory Projects Peter Pan and Me The King's Polar Bear The Three Bears The Worst Princess Who is Bedford? 30,OCKJ 12,522 {25,683) 19.495 {1.6251 38.014 19,625 12671 {55,1091 18.6851 19,C61 3,793 122.909} 25.683 119,4951 16.8051 18.0141 119,6251 267 55,109 8,685 25,939 3.793 19.613 8,430 30,000 45,000 44,430 24,253 43,024 111,707 TOTAL FUNDS 391.597 85.419 477.016 The unrestred fund includes desgnated funds of £192,375 12023r24'. £165,000). These were set up by the trustees lo reflect future fundraising inrtiatrves, Art Town and Misguided Walk projects and the replacement of the organisalion's vehicle. Page 13
Full House Theatre Notes to thè Financlal Ststements - continued for the year ended 31 March 2025 12. MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as fdltrws.. Incoming resources Resources Movement in expended funds Unrestricted funds General fund 298.165 1236.999) 61,166 298.165 (236.9991 61,166 Restricted funds Apple and Lollipops Creative Pathway I Playground Day Dreamers Doorstep Adventures FeslNals Holiday Activities and FCKKI Houghton Regis Art Town My Museum Participatory Projects Peter Pan and Me The King's Polar Bear The Three Bears The Worst PrinsS Who is Bedford? 7,950 {8,8891 (9391 7,000 {2,9491 12,522 125.683} 79.495 11.6251 38,014 19.625 12671 155,1091 18.6851 19,061 3.793 1.900 34,613 6.000 39,805 26,498 48.083 29,052 {4,8491 122,0911 131.6831 120,3101 {28,1231 {10,0691 (9,4271 12671 183,7091 18.6851 {38,2761 28.600 57,337 17,438 304,276 1280.023} 24.253 TOTAL FUNDS 517 022 85,419 13. CHARITABLE INCORPORATION ORGANISATION Full House Theatre was register&J as a charitable Incorpated organisation in February 2016. Page 14
Full House Theatre L)etsiled StstsmeTrt of Financial Activltles for the year ended 31 March 2025 2025 2024 INCOME AND ENDOWMENTS Investment income Interest receivable 13,501 11,980 Charitable activities Venue fees Grants Earned inc¢Jne Education fees 20,242 508.584 7,032 21.740 12,130 404,826 19,354 8,274 557,598 444,584 Other Income Other inwme 31,342 37.165 Total incoming resources 602.441 493,729 EXPENDITURE Raising funds 13.872 30,147 Charitable activrti8s Production costs Transport & touring costs Marf(eting expenses Performance fees Education costs Depreciation 165.257 23.300 44,906 73.227 58,036 1,595 103.966 23,840 45.896 47,340 62.026 1.800 366,321 284.868 Support costs Management Administrative expenses Accountancy Overheads Organisational devebpmenl Depreciation 76,243 6,S04 28.414 19,294 6,374 65.823 6,017 33,971 31,888 6.374 136,829 144.073 Total rosoueS expended 517.022 459,088 Net lexpenditureyincome 85.419 34,641 This page does not fomi part of the statutory financial statements Page 15