| Pages | |||
|---|---|---|---|
| Trustees' Annual Report |
2to5 | ||
| Independent Examiner's Report |
|||
| Statement of Financial Activities | |||
| Summary Income and Expenditure |
Account | ||
| Balance Sheet | |||
| Notes to the Accounts | 10to 16 | ||
| Detailed Statement of Financial | Activities | 17to 18 |
| Statement o forthe year |
fFinancial Activiti ended 31March |
es 2022 |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | |||||
| funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Notes | f | f | f | f | ||
| Income and | endowments | |||||
| from: | ||||||
| Donations | and legacies | 18,920 | 72,175 | 91,095 | 105,640 | |
| Charitable | activities | 13,980 | 13,980 | 11,642 | ||
| Other | 204 | 204 | 513 | |||
| Total | 33,104 | 72,175 | 105,279 | 117,795 | ||
| Expenditure | on: | |||||
| Other | 77,090 | 20,666 | 97,756 | 94,923 | ||
| Total | 77,090 | 20,666 | 97,756 | 94,923 | ||
| Net gains on | investments | |||||
| Net income | (43,986) | 51,509 | 7,523 | 22,872 | ||
| Transfers between funds |
||||||
| Net income | before other | |||||
| gains/(losses) | (43,986) | 51,509 | 7,523 | 22,872 | ||
| Other gains | and losses | |||||
| Net movement in funds |
(43,986) | 51,509 | 7,523 | 22,872 | ||
| Reconciliation offunds: | ||||||
| Total funds brought forward | 52,693 | 12,676 | 65,369 | 42,497 | ||
| Total funds carried forward | 8,707 | 64,185 | 72,892 | 65,369 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Income | 105,279 | 117,793 | |
| Gross income forthe year | 105,279 | 117,793 | |
| Expenditure | 97,534 | 94,921 | |
| Depreciation | and charges for | ||
| impairinent | offixed assets | 222 | |
| Total expenditure for the year |
97,756 | 94,921 | |
| Net income | before tax for the year | 7,523 | 22,872 |
| Net income | for the year | 7,523 | 22,872 |
| The Misfits Theatre Balance Sheet at 31March 2022 |
C | ompany UK |
|||
|---|---|---|---|---|---|
| Notes | 2022 | 2021 | |||
| f | f | ||||
| Fixed assets | |||||
| Tangible assets | 10 | 887 | |||
| 887 | |||||
| Current assets | |||||
| Cash at bank and | in hand | 73,155 | 66,669 | ||
| 73,155 | 66,669 | ||||
| Creditors: Amount | falling due within one year | 11 | (1,150) | (1,300) | |
| Net current assets | 72,005 | 65,369 | |||
| Total assets less current liabilities | 72,892 | 65,369 | |||
| Net assets excluding | pension asset or liability | 72,892 | 65,369 | ||
| Total net assets | 72,892 | 65,369 | |||
| The funds ofthe charity | |||||
| Restricted funds | 12 | ||||
| Restricted income | funds | 64,185 | 12,676 | ||
| 64,185 | 12,676 | ||||
| Unrestricted funds |
12 | ||||
| General funds | 8,707 | 52,693 | |||
| 8,707 | 52,693 | ||||
| Reserves | 12 | ||||
| Total funds | 72,892 | 65,369 |
| Fund accounting | Fund accounting | Fund accounting | Fund accounting | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | These are available for use at the discretion | ofthe trustees in furtherance |
of | the | ||||||
| general objects ofthe charity. | |||||||||||
| Designated | funds | These are unrestricted funds earmarked by |
the trustees for particular | purposes. | |||||||
| Revaluation | funds | These are unrestricted funds which include |
a revaluation | reserve representing | the | ||||||
| restatement ofinvestment assets at their market values. |
|||||||||||
| Restricted | funds | These are available for use subject to restrictions imposed |
by the donor | or | through | ||||||
| terms ofan appeal. | |||||||||||
| Income | |||||||||||
| Recognition | of | Income is included in the Statement of Financial Activities |
(SoFA) when | the | charity | ||||||
| income | becomes entitled to, and virtually certain to receive, the income and the |
amount of | |||||||||
| the income can be measured with sufficient |
reliability. | ||||||||||
| Income with | related | Where income has related expenditure the |
income and related expenditure | is | |||||||
| expenditure | reported gross in the SoFA. |
||||||||||
| Donations | and | Voluntary income received by way of grants, |
donations and gifts is included |
in | the | ||||||
| legacies | the SoFA when receivable and only when the Charity has |
unconditional | |||||||||
| entitlement to the income. |
|||||||||||
| Tax reclaims | on | Income from tax reclaims is included in the SoFAat the same time as the |
|||||||||
| donations | and | gifts | gift/donation to which it relates. |
||||||||
| Donated services | These are only included in income (with an equivalent amount in expenditure) |
||||||||||
| and facilities | where the benefit to the Charity is reasonably quantifiable, |
measurable | and | ||||||||
| material. | |||||||||||
| Volunteer | help | The value ofany volunteer help received is |
not included in the accounts. |
||||||||
| Investment | income | This is included in the accounts when receivable. |
|||||||||
| Gains/(losses) | on | This includes any gain or loss resulting from |
revaluing investments to market |
value | |||||||
| revaluation | of | fixed | atthe end ofthe year. | ||||||||
| assets | |||||||||||
| Gains/(losses) | on | This includes any gain or loss on the sale of | investments. | ||||||||
| investment | assets |
| Expenditure | Expenditure | ||||||
|---|---|---|---|---|---|---|---|
| Recognition | of | Expenditure is recognised on an accruals basis. Expenditure includes |
any VAT which | ||||
| expenditure | cannot be fully recovered, and is reported as part ofthe expenditure |
to which it |
|||||
| relates. | |||||||
| Expenditure | on | These comprise the costs associated with attracting |
voluntary | income, fundraising | |||
| raising funds | trading costs and investment management costs. |
||||||
| Expenditure | on | These comprise the costs incurred by the Charity in the delivery of its activities and |
|||||
| charitable | activities | services in the furtherance of its objects, including |
the making | of | grants and | ||
| governance costs. |
|||||||
| Grants payable | All grant expenditure is accounted for on an actual |
paid basis | plus | an | accrual for | ||
| grants that have been approved by the trustees at |
the end of | the | year but not yet | ||||
| pald. | |||||||
| Governance | costs | These include those costs associated with meeting |
the constitutional | and statutory | |||
| requirements of the Charity, including any audit/independent |
examination fees, |
||||||
| costs linked to the strategic management ofthe Charity, together |
with a share of | ||||||
| other administration costs. |
|||||||
| Other expenditure | These are support costs not allocated to a particular | activity. |
| 2 Statement ofFinancial |
Activities - prior y | ear | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | |||
| 2021 | 2021 | 2021 | |||
| Income and endowments | from: | ||||
| Donations and legacies |
8,196 | 97,443 | 105,639 | ||
| Charitable activities |
12,155 | 12,155 | |||
| Total | 20,351 | 97,443 | 117,794 | ||
| Expenditure on: |
|||||
| Raising funds | 12,088 | 12,088 | |||
| Charitable activities |
10,155 | 72,679 | 82,834 | ||
| Total | 10,155 | 84,767 | 94,922 | ||
| Net income | 10,196 | 12,676 | 22,872 | ||
| Transfers between funds |
15,136 | (15,136) | |||
| Net income before other gains/(losses) |
25,332 | (2,460) | 22,872 | ||
| Other gains and losses: | |||||
| Net movement in funds |
25,332 | (2,460) | 22,872 | ||
| Reconciliation offunds: | |||||
| Total funds brought forward | 27,361 | 15,136 | 42,497 | ||
| Total funds carried forward | 52,693 | 12,676 | 65,369 | ||
| 3 Income from donations |
and legacies | ||||
| Unrestricted | Restricted | Total | Total | ||
| 2022 | 2021 | ||||
| Donations | 4,097 | 4,097 | 8,197 | ||
| Grants | 14,823 | 72,175 | 86,998 | 97,443 | |
| 18,920 | 72,175 | 91,095 | 105,640 |
| 4 | Income from charitable | activities | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| Workshops, fees and contracts |
13,980 | 13,980 | 5,000 | ||||
| Events and box office | 6,642 | ||||||
| 13,980 | 13,980 | 11,642 | |||||
| 5 | Other income | ||||||
| Unrestricted | Total | Total | |||||
| 2022 | 2021 | ||||||
| f | |||||||
| Miscellaneous income |
204 | 204 | 513 | ||||
| 204 | 204 | 513 | |||||
| 6 | Other expenditure | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2022 | 2021 | ||||||
| Freelance and project | fees | 3,694 | 13,224 | 16,918 | 20,203 | ||
| Theatre production costs |
5,130 | ||||||
| Fundraising | 3,733 | 3,733 | 12,088 | ||||
| Production, workshop and venue hire |
costs | 13,962 | 13,962 | 12,379 | |||
| Employee costs | 40,264 | 6,063 | 46,327 | 33,101 | |||
| Motor and travel costs | 1,412 | 1,412 | 338 | ||||
| Premises costs | 6,384 | 1,100 | 7,484 | 5,716 | |||
| Amortisation, depreciation, |
|||||||
| impairment, profit/loss |
on | 222 | 222 | ||||
| disposal offixed assets | |||||||
| General administrative | costs | 6,518 | 280 | 6,798 | 5,089 | ||
| Legal and professional | costs | 900 | 900 | 879 | |||
| 77,090 | 20,666 | 97,756 | 94,923 | ||||
| 7 | Net income before transfers | ||||||
| 2022 | 2021 | ||||||
| This is stated after charging: | f | f | |||||
| Depreciation ofowned |
fixed assets | 222 | |||||
| Independent Examiner's |
fee | 900 | 650 |
| Trustee | 2022 | 2021 |
|---|---|---|
| K.Castro Rascon | 983 | |
| S.P.Spencer | 3,750 | 7,000 |
| Staff co | sts | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Salaries | and wages | 38,782 | 29,696 |
| Pension | costs | 433 | 421 |
| 39,215 | 30,117 |
| No employee receive |
d emoluments in excess off60 |
,000. | ||
|---|---|---|---|---|
| The average monthly | number of full time equivalent | employees | during the year was as follows: | |
| 2022 | 2021 | |||
| Number | Number | |||
| Administration | 2 |
| Tangible fixe | d assets | ||
|---|---|---|---|
| Fixtures, | |||
| fittings and | Total | ||
| equipment | |||
| f | |||
| Cost or revaluation | |||
| Additions | 1,109 | 1,109 | |
| At 31March | 2022 | 1,109 | 1,109 |
| Depreciation | and | ||
| impairment | |||
| Depreciation | charge for the | 222 | 222 |
| year | |||
| At 31March | 2022 | 222 | 222 |
| Net book values | |||
| At 31March | 2022 | 887 | 887 |
| 11 | Creditors: | Creditors: | ||||
|---|---|---|---|---|---|---|
| amounts falling due within one year |
||||||
| 2022 | 2021 | |||||
| f | ||||||
| Trade creditors | 1,300 | |||||
| Other taxes | and social security | 250 | ||||
| Accruals | 900 | |||||
| 1,150 | 1,300 | |||||
| 12 | Movement | in funds | ||||
| Incoming | ||||||
| resources | At 31 | |||||
| (including | Resources | March | ||||
| At 1April | other gains/losses |
expended | 2022 | |||
| 2021 | ) | |||||
| f | ||||||
| Restricted funds: | ||||||
| Restricted income funds: | ||||||
| Bristol City | Council | 4,125 | 15,980 | (4,125) | 15,980 | |
| Merchant Venturers | 3,518 | (3,266) | 252 | |||
| Peter Harrison | 2,876 | (4,314) | (1,438) | |||
| Rix-Thompson-Rothenburg | 2,157 | 2,157 | ||||
| Arts Council | England | 36,195 | (7,440) | 28,755 | ||
| Big Lottery | 20,000 | (1,521) | 18,479 | |||
| Total | 12,676 | 72,175 | (20,666) | 64,185 | ||
| Unrestricted | funds: | |||||
| General funds | 52,693 | 33,104 | (77,090) | 8,707 | ||
| Total funds | 65,369 | 105,279 | (97,756) | 72,892 |
| 13 | Analysis ofnet | assets between funds |
|||
|---|---|---|---|---|---|
| Unrestricted | |||||
| Total | |||||
| funds | |||||
| f | |||||
| Fixed assets | 887 | 887 | |||
| Net current assets | 72,005 | 72,005 | |||
| 72,892 | 72,892 | ||||
| 14 | Reconciliation | ofnet debt | |||
| At 31 | |||||
| At 1April | March | ||||
| 2021 | Cash flows | 2022 | |||
| f | f | f | |||
| Cash and cash | equivalents | 66,669 | 6,486 | 73,155 | |
| 66,669 | 6,486 | 73,155 | |||
| Net debt | 66,669 | 6,486 | 73,155 | ||
| 15 | Commitments | ||||
| Pension commitments | |||||
| 2022 | 2021 | ||||
| f | f | ||||
| The pension cost charge to the charity | |||||
| amounted to: | 433 | 421 |
| Unrestricte | Restricted | |||||
|---|---|---|---|---|---|---|
| d funds | funds | Total funds | Total funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| f | f | f | f | |||
| Income and endowments | from: | |||||
| Donations and legacies |
||||||
| Donations | 4,097 | 4,097 | 8,197 | |||
| Grants | 14,823 | 72,175 | 86,998 | 97,443 | ||
| 18,920 | 72,175 | 91,095 | 105,640 | |||
| Charitable activities |
||||||
| Workshops, fees and |
contracts | 13,980 | 13,980 | 5,000 | ||
| Events and box office | 6,642 | |||||
| 13,980 | 13,980 | 11,642 | ||||
| Other | ||||||
| Miscellaneous income |
204 | 204 | 513 | |||
| 204 | 204 | 513 | ||||
| Total income and endowments | 33,104 | 72,175 | 105,279 | 117,795 | ||
| Expenditure on: |
||||||
| Other expenditure | ||||||
| Freelance and project | fees | 3,694 | 13,224 | 16,918 | 20,203 | |
| Theatre production | costs | 5,130 | ||||
| Fundraising | 3,733 | 3,733 | 12,088 | |||
| Production, workshop venue hire |
costs and | 13,962 | 13,962 | 12,379 | ||
| 21,389 | 13,224 | 34,613 | 49,800 | |||
| Employee costs | ||||||
| Salaries/wages | 33,416 | 5,366 | 38,782 | 29,696 | ||
| Pension costs | 433 | 433 | 421 | |||
| Staff training | 26 | 26 | ||||
| Temporary staff |
6,389 | 697 | 7,086 | 2,984 | ||
| 40,264 | 6,063 | 46,327 | 33,101 | |||
| Motor and travel costs | ||||||
| Travel and subsistence | 1,412 | 1,412 | 338 | |||
| 1,412 | 1,412 | 338 | ||||
| Premises costs | ||||||
| Rent | 6,384 | 1,100 | 7,484 | 5,716 | ||
| 6,384 | 1,100 | 7,484 | 5,716 | |||
| General administrative | costs, | |||||
| including depreciation |
and | |||||
| amortisation | ||||||
| Depreciation of Fixtures, fittings |
222 | 222 | ||||
| and equipment | ||||||
| Equipment expensed |
795 | 795 | 1,084 | |||
| General insurances | 619 | 619 | 1,212 |
| The Misflts Theatre Company | UK | ||||
|---|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | |||||
| Information and publications |
1,680 | 280 | 1,960 | ||
| Software, ITsupport and related |
329 | 329 | 734 | ||
| costs | |||||
| Stationery and printing |
2,125 | 2,125 | 1,626 | ||
| Subscriptions | 85 | 85 | |||
| Sundry expenses | 229 | 229 | 3 | ||
| Telephone, fax and broadband |
656 | 656 | 430 | ||
| 6,740 | 280 | 7,020 | 5,089 | ||
| Legal and professional costs |
|||||
| Audit/Independent examination |
900 | 900 | 650 | ||
| fees | |||||
| Other legal and professional | 229 | ||||
| costs | |||||
| 900 | 900 | 879 | |||
| Total ofexpenditure ofother |
costs | 77,090 | 20,666 | 97,756 | 94,923 |
| Total expenditure | 77,090 | 20,666 | 97,756 | 94,923 | |
| Net gains on investments | |||||
| Net income | (43,986) | 51,509 | 7,523 | 22,872 | |
| Net income before other gains/(losses) |
(43,986) | 51,509 | 7,523 | 22,872 | |
| Other Gains | |||||
| Net movement in funds |
(43,986) | 51,509 | 7,523 | 22,872 | |
| Reconciliation offunds: | |||||
| Total funds brought forward | 52,693 | 12,676 | 65,369 | 42,497 | |
| Total funds carried forward | 8,707 | 64,185 | 72,892 | 65,369 |