The Misfits Ththtre Cornpany UK Charity No. 11661CKI Trustees. Report and Unaudited A¢¢ounts 31 Marth 2023
The Misfits Theatre Company UK Contents Pages 2to7 Trustees, Annual Report Independent Examinerfs Report Statement of Financial Activities Summary Income and Expendtture Account Balance Sheet io li Notes to the Accounts 12to19 Detailed Statement of Financial Activities 20to21 Pa8e I
The Misfits Theatre Company UK Trustees Annual Report The trustees present their report with the unaudited financial statements of the chartyfor the year ended 31 March 2023. REFERENCE AND AOMIN15fRATIVE DAll$ Charity No. 11661(Kl Reglstered Office Hamilton House 80 Stoked Croft Bristol BSI 3QY Trustees The following Trustees served during the year: K. Castro Rascon L. Russ S.P. Spencer S.M. Turner B.T. Wistreich Accountants Magic Bean Counter5 Limtted Unit 7, The Old Cctrop 38 Chelsea Road Bristol BS5 6AF OBJEcfivES AND AcfiviTIES The purpose of the tharity as set out in its governing document is: l. The advancement of education of peop with learnin8 disabilities ranging from those with moderate learning disabilities to those wtth profound and complex needs in Bristol, South Gloucestershire. Bath and Northeast Somerset and the provision of facilitie5 for recreation of said people in the interests of social welFare and with the object of improving their conditions of lrfe. 2. To promote social indusion for the public beneftt by preventing people WTth learning disabilities from becoming socially excluded, relieving the needs of those people who are socially excluded from society, or parts of society, as a resu of their learning disabiltties and aSStIng them to integrate into society, particularly but not exclusive by the Pfovision of a I(31 network. support and advocacy group providing creative and social opportunities for people wtth learning disabl11t in Bristol, South Gloucestershire, Bath & Northeast Somerset. Page 2
The Misfits Theatre Company UK Tntstees Annual Report The main attNities undertaken in relation to those purposes are: Promotion of inclusion for People with Learning Disabilities. who are often isolated and afraid to go out at night by running a Night Club called "Rhythm of the Nighf. Thi5 is an incluswe evening event for PWLD, their families and friends. The Night Club is held at a Ctty centre venue, where PWLD can feel safe, comfortable, confident and in control, while giving people a chance to c¢Tr plu events, meet new people, dance and have a great night out. Delivering training and perfomiance to professionals and the general public to tell people about the lives and the challenges PWLD have. Our performances and training are both funny and serious, and sometime5 deal with uncomfortable things, but we always leave the audience laughing and wtth a better understanding of the lives of PWLD. Delivering creative workshops for PWLD to have fun and learn new skills to promote creatrvity, confldence and self-worth. This is achieved through group participation, sharing ideas and stories, dancin& acting and playing together, listening to each other. making poetry, new show5 and new friends. In planning our artNities, we have given due consideration to the Charity Cofflmission's guidance on public benefit. ThF$ IS the key context for all dtscussions and (lecish)ns wlthln tnjstee meetings. alongside the chariws objective5. Misfits Theatre Company is SUPPOrted by a small number of dedicated volunteers including PWLD. Volunteer5 SUPPOrt the delivery of regularworkshops as well as Djing and hosting our monthly nightclub. ACHIEVEMENTS AND PERFORMANCE This year we returned to presenting our full prlvaramme of events. We held 10 night clubs, Rhythm of the Night, with an average of 112 People with Leaming Disabilities IPWLDI attending each event. We hope that now that this event has become rtrestablished that we will soon return to pre-pandemic numbers. Our members decide on the themes and host as Dj's each month. The event provides a safe space for PWLD to express themselves, meet and socialise and has now been running for more than 15 years. We have continued to run 4 CTeatNe workshops each week this year la total of 139 across the yearl for 42 PWLD. People meet up before the workshops in the cafe, to have a chat wsth friends and talk about what they have been doing. All our workshops are led by professional freelance artists, that have experience of leading creative projects with PWLD. We run 4 drfferent ¢ative workshop5 each week and anyone Wbth Leaming Disabilities can join. These Include.. - Wellbeing workshops where PWLD experience dtfferent ways of laxIng and being creative together, led by Jules Allen. The PWLD'S choose what happens each week in the workshops, where they create drama. poetry and dance and learn how to relax and work tosether. - Movement workshops where PWLD get creatNe with music, led by professional dancers- The Original Spinners. The group enjoy exploring all types of movement. - Drama workshops where PWLD develop their perfomiance skilb by working with a professional perfomiance artist. The group plays drama games. devtses short plays and learns how to work together. - Poetry workshop5 Whe PWLD explore ways of exPssing themselves through words. The Poetry group has been preparing a new audio walk for Lara Poetry festival. taking place in April 2023. Page 3
The Misffts Theatre Company UK Trustees Annual Report Online membership.. In 2021 we secured funding from Bi8 Lottery and Bristol Impact Fund to update our website and create accessible content available to those not able to connect Wtth our artivities in person. Working with Group of Seven we have designed and developed a new accessible plarform to be launched in summer 2023. Our new website will host bespoke content including Master Classes with local art15ts exploring themes such as Beatboxin& Poetry, Puppet Making and more. Our webstte will create a shared space for PWLD disabilities to engage from their owt) homes and help us to rtrbuikl our membership following the impact of Covid-19. Trainin8 and Commissions= We work wtth businesses and the public sector to pmide unique tralning and filming solutlons. Across 2022-23, we delwered 21 training events for 230 professionals, students and people who work with PWLD on topi such as the Mental Capacity Act. Our actors provided honest and real perspeLtive5 from those who experience learning dsabilities working wlth partners at the NHS, Bristol UnNersity. UWE, Milestones and Brandon Trust. In addition to ourtraining events, we were also commissioned to create tsvo VK earch films, Disability and Society- Self Advocacy in South Korea and Supporting Women with Dsabilities to feed their bables. Our main objectNes across 2022- 2023 were to return to pre-pandemic levels of artrvity and rebuild our membership. We are happy with the progress that we have made and look forward to building our proEramme acr05S the year to come. We identify areas for funding each year by producing an annual trdget and assessing potential shortfalls in Income. This process defines our targets for fundraisin& We also recognised during the pandemic the importance of increasing our sernces online. Our objectives were to seek funds to explore options of Increasing our reach by havin8 a more functional webstte and resources which could be accessed through an online membership. Misfits Theatre Company UK is led by a Company Director, supported by a part-time Events Coordinator and two Admin Assistants. Our facilttator5, project and support delivery staff a currently all freelance. In preparation for the Retirement of our Company Dirertor we have created a new structure for 2023 onwards which will establish Operations, Artistic and Strategic Leads as well as a designated Communty Engagement Coordinator to tske the Charity fonvard. We have also approached fvnders to support us as we navigate thts period of change with the ambttion to employ a part-time Finance Offjcer. FINANCIAL REVIEW Balances forthe year ending 31 March 2023 are as follow5: Restricted Fund5 £3,27712022 - £25.9941 Unrestricted Funds: £62,$8712022 - £55.2071 Misfits Theatre Company UK total income for 202212023 totalled £116.103 {2022- £113,588) with a net reduction in funds of £15,03712022- Increase of £15.8321. Debtors falling due amounted to £9.49312022- £7,809). Page 4
The Misfrts Theatre Company UK Trustees Annual Report Income was broken down as follows- Restricted Grants.. £37.785132.5%- 2022- £72.6751 Unrestricted Grants.. £3.75013.2%- 2022- £14,823) Donations.. £14,676112.6%; 2022- £4,097) Commissions: £30,166126%,. 2022- £13,490) Workshop5= £23,037119.8%,. 2022- £8,299) Rhythm of the Night: £6.54715.6%; 2022- £Nill Other: £14210.1%. 2022- £2041 The main funders were Big Lottery, £20.OC(J to develop our webstte and InCaSe revenue for online membership, this was match funded by Bristol City Council Impact Fund, £6,51J). We also were successful wlth the Express Grant £4,191 for project delivery. We recer¥ed a final payment from the Arts Council Emergency Recovery Grant of £2,5LK) within thi5 financial year. Misfits Theatre Company recognize the importance for retaining liquid funds as re5erve5 to protect our services from disruption due to lack of funds. Misffts Theatre Company UK must also consider to not retain income for iongerthan required. Reserves are agreed to be kept forthe following reasons.. - To strengthen our resilience against. for example. drops in income. such as Covid 19 Pandemit, orthe demands of a new project. - Allow to take advantage of new opportunitie5 or capital investment. - To 5tren8then rapport from the trustees. - To strengthen relationshipslappeal wtth potential investors or funders. - To remain a Going Concern. The free reseryes (surplus funds) of the charttable company (total unrestricted funds less designated funds less unrestricted funds held as fixed assetsl at 31 March 2023 is £59,43912022- £54.3201. The trustees, reserves policy is to hold in fe reserves approximate 12 weeks of unrestricted expenditure and funds to cover dundancY fees, in re5pert of the year ended 31 March 2023 this would amount to £16,301. Our reseNes balance, year ending March 2022. was reported to be lower. On re-examination, expenses previously thought to have been COved by unrestricted reserves in fart needed to be allocated against restricted reserves within the prewous year. This error was diScoved due to appointing a new Finance olcer in 2023, a new position for the chartty. whilst preparing the draft accounts our Finance Officer re-examined the previous year and made the accountant aware that a(Jjustments were necessary. Thi5 therefore has changed our unrestricted balance 5ignfficantly. resulting in Su1$ funds and heahhy reseryes starting 2022123. Additional funds held at the start of this financial year will enable us to protect the charity through a significant period of change. Tony Holdum. the Misftts Founder. and Dirertor of the Charity. is due to tIre May 2023. The Director was responsible for incorne generation such as sourcing commlssloned work (training activities. films and perfomiancesl and oversaw fundraising. To Secu the charivs future we are aware that we neetl to reswnd to the followingthreats relevant to organisational $truCture. - Recruiting new staff members. - Additional training and preparation for hand-over over a period of a couple of months. - Risk of key personnel loss of additional team members. - Risk of losin8 key rnember5 Page 5
The Misflts Theatre Company UK Trustees Annual Report Additionally, our existing office Spa and organisational base has becomè unviable due to lack of accessibility caused by lift breakdown and possible futu rtrdevelopment of the site. Costs of relocation are ajrrently unknown. duè to few locations being 3vailable and suitable for our chari5 needs in terms of access. We have prepared for additional costs such as paying a security depos¢t upfront, higher rent and room hire fees, costs for relocation and staff capacty requlred to manage this. unStrIcted surplus funds at year end March 2023, will provide an additional safety net as we transfer to a new fundraising team and cover the projerted fundraising target1£20KI whilst being able to continue to deliver our charitable outcomes at the same level as prevM7us years. Although we have already reached our forecasted goal of funding forthe next finanaal year, we Fnay risk not meeting our funding targets in future years due to the increase in competition. Our activities may have to be reduced whilst looking for an alternative source of funds. We may risk a drop in membership or have to issue refunds for activttie5. Alternatively we may choose to reduce erVeS to continue delivering acttvitie5. As we grow our service5 Wfth more commissioned work we may have an increase in debtors falling past 90 days. We have now secured funding to efflploy a finance officer to manage payment collections. A risk forthe charty is the retirement of DirectorTony Holdem. We have successfully been awarded funds to employ a Strategic Lead to develop a new business plan and continue Tonls Legacy. Mlsffts Theatre Company UK source5 of income are broken down as follows: Commissions: We facilitate trainin& provide trnining materiaLs and host events to intrea5e engagement. This includes theatre performances. educational seminarslworkshops and film making. Memberships.. We charge a membership fee of £150 to attend a 12 week program of actwities. We host a membership scheme which keeps service users regulady informed in activities they can participate in. We facilitate weekly workshops including poetry, dance. wellbeing and theatre. We also invite guests to run individual artivf(ies. Rhythm of the Night- We host a monthly nightclublsocial event for up to 2CKJ people at approx. £7 per ticket GrantslRestricted Funds: We apply for funds to help wtth core cost5 and to deltver projett activttie5. Target funds are agreed by the Trustees when the annual budget is reviewed. sTrucruRE, GOVERNANCE AND MANAGEMENT The entrty is a charitable incorporation organisatton and governed by its constitutlon. registered on 17th March 2016. Trustees are appointed through candidates submitting an expression of inte$t, after which the charty manager meets the candidate,. an invttation is sent to those that are suitable and interested to observe a board meeting and meet trustees- the candidate's biaraphYl1nfo is circulated to members before the AGM alerting members to the role and sknlls and attribute5 required of trustees- Se10n ar)d appointment is made atthe AGM. Page 6
The Misfts Theatre Company UK Trustees Annual Report The Trustees are responsible for keeping proper acwunting records that disclose with reasonable accuracy at any time the financial position of the charty and to enable them to ensure that the financial statements comply with the Chartties Art 2011 and the Charrties (Accounts and Reportsl Regulations 2(KJ8. The Trustees 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 consider that there are no material uncertainties about the charitls ability to continue as a going concem. There are no material uncertainties affectin8 the current yearfs accounts. The ab¢)ve port has been prepared in accordance with the provisions set out in the Charities Act 2011 and in accordance with the Charities SORP IFRS 1021 Signed on behalf of the board B.T. wistl(h Trustee 29January 2024 Page 7
The Misfits Theatre Company UK Independent Examiners Report Independent Examiner's Report to the trustees of The Misfits Theatre Company UK I report to the charity trustees on my examination of the finanaal statements of The Misfrts Theatre Company UK forthe yearended 31 March 2023. Responsibilitie5 and basis of report As the charity's trustees you are reswnsible forthe pparatIOn of the financial statements in accordance with the requirements of the Charities Act 2011 l*he 2011 Act'l. Having satisfied myself that the financial statements of the Charity are not required to be audited under section 144 of the 2011 Art and are eligible for independent examination. I report in respect of mv examination of your charity's financial statements as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Direttions given by the Charity Commission under sertion 145151 Ibl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I can confirm that no material matters have come to my attention In connection wtth the examination giving me cause to believe: accounting records were not kept in accordance with settion 130 of the 2011 Att- or the financial statements do not accord with those records; or the financial statements do not comply wtth thè applicabk requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2(KJ8 other than any requlrement that the accounts give a 'true and fairf view which is not a matter consmlered as part of an independent examination,. or the financial statements have not been prepared in accordance with the method$ 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 IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in orderto enable a proper understsnding of the financial statements to be reached. Ryan Corkery FCCA Magic Bean counte rnIted Unit7, The Old Ctrop 38 Chelsea Road Bristol BS5 6AF Poge 8
The Mlsffts Theatre C¢mpany UK Statement of Financial Acti¥itie5 for the year ended 31 March 2023 Unrestricted funds Restrirted As restated fund5 Totsl funds Totsl fvnds 2023 2023 2022 2023 Notes Income and endowments from: Donations and Segacles Charitable activities Investments 18,426 59.750 37,785 56,211 59,750 12 130 91,595 21,789 Other 130 204 Total 78,318 37.785 116,103 113,588 Expendlture on: Other 70,638 60,502 131.140 97,756 Total 70.638 60,502 131,140 97,756 Net Bains on investments Net lexpendlturel/income Transfers between funds 7,680 122,7171 115,0371 15,832 Net lexpenditurellincome before other 8ains/llosses) 7,680 122.7171 115,0371 15,832 Other gains and losses Net movement in funds 122,7171 115,0371 15,832 Reconciliation of funds: Total funds brought forward as previously stated 8,707 64.185 72.892 65,369 Prior year adjustment 20 46.5(Xl 138,1911 8309 Total funds brought forward as restated 55.207 25,994 81,201 65,369 Total fvnds carried fonvard 62,887 3,277 66,164 81,201 Page 9
The Misfits Theatre Company UK Summary Incorne and Expenditure Pttount for the year ended 31 Marth 2023 As restated 2023 2022 Income 116,091 105,779 nterest and investment income 12 Gross income for the year Expenditure 116,103 105,779 130.223 97.534 Depreciation and charges for impairment of fixed assets 917 222 Totsl expenditure for the year Net lexpenditurellincome before tax for the year 131,140 97,756 115,0371 8,023 Net lexpendlture )lincome for the year 115.0371 8,023 Page 10
The Misfits The*re Company UK BJl•nce Sheet at 31 March 2023 As restated 2022 Notes 2023 Flxed assets Tangible assets li 887 887 Current assets Debtors Cash at bank and in hand 12 14.087 49.971 64.058 11,342) 62,716 8,309 73,155 81.464 11,1501 80,314 Creditors: Amount falling due within one year Net current assets Total assets less current liabilities 66,164 81,201 Net assets excluding pension asset or liability 66,164 81,201 Total nrt assets 66,164 81,201 The funds of the tharity Restricted fund$ Restricted Income funds 14 3,277 3,277 25,994 25.994 Unrestrirted funds General funds 14 62,887 55.207 62.887 55,207 Reserves 14 Total funds 66,164 81,201 Approved by the board on 29 January 2024 And signed on tts behalf by: B.T. Wistreich Trustee 29January 2024 Page 11
The Misffts Theatre Company UK Notes to the Accounts for the year ended 31 Marth 2023 l Accountin8 policies Basis of preparation The financial statements have been prepad in accordance wtth Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151- Ichartties SORP IFRS 10211. the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Change in basls of acr¢)unting orto previous attounts The has been no change to the accounting policies Ivaluation rules and method of accountingl since last year and no changes have been made to accoLtnts for previous years. Fund aOUntIng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricte(I fund5 earmarked by the trustees for partitular purposes. These are unrestricted funds which indude a revaluation reserve representing the restatement of investment assets at their market values. These are available ft)r use subject to restrictions imposed by the donor or through terms of an appeal. Designate(I fund5 Revaluation funds Restricted funds Income Recognitlon of income Income is included in the Statement of Financial Artivities ISOFAI when the charity becomes entttled to. and virtually certain to receive, the income and the amount of the income can be measured with SUClent reliability. Income with related Where income has related expendrture the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntsry income received by way of grants. donations and gifts is induded in the the SOFA when receNable and On when the Charity has unconditional entitlement to the income. Tax ClaiMS on Income from tax reclaims is Induded in the SOFA at the same time as the donations and gtfts giftldonation to which it relates. Donated services These are onty included in income Iwrth an equrvalent amount in expenditure) and facilities where the benefft to the Charity is reasonab quantifiable, measurable and material. Volunteer help The value of any volunteer help recetved Is not included in the accounts. Iestment income This is included in the accounts when receNable. Gainslllossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fLxed at the end of the year. assets Gairbs/llossesl on investment assets This indudes any gain or loss on the sale of investments. Page 12
The Misfit5 Theatre Company UK Notes to the A(cnts Expenditure Recognition of expenditure Expenditure recognised on an accruals bas. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs assLtiated with attracting voluntary income, fundralsing raising funds trading costs and investment management tosts. Expenditure on These comprise the costs incurred by the Charity in the delNery of r¢s activitie5 and charitable aLttvitles serwces in the fvrtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an attual paid basis plus an accrual for grants that have been approved by the trustees at the end of tFte year but not yet paid. These include those costs associated wrth meeting the constitutional and statutory requirements of the Chartty. induding any audivindependent examinatton fees, costs linked to the strategK management of the Charity. together with a sha of other administration costs. These are support Costs not allocated to a particular actlty. Grants payable Governance costs Other expenditure Taxatlon The charity is exempt from corporation tax on its charitable attivities. Tangible fixed assets and depreclatlon Depreciation 15 provided at the following annual rates in order to write off each asset over its estimated useful lrfe.. Fixtures, frttings and equipment 20% straight line Trade and other debtors Trdde and other debtors are recognised at the settlement amount due after any trade discount Offed. Prepayments are valued at the amount prepatd net of any trade dts¢ounts due. Cash and eash equlw4lonts Cash and cash equNalents comprise cash at bank and on hand. demand deposits with banks and other short-temi highly liquid investments woth original maturitie5 of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilTties. In the Statement of Cash Flows, cash and cash equivalent5 are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measUd at the transaction price. Other credTtor5 and provisions are recognised where the chartty has a present obligation resulting from a past event that will probably resu in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estirnated reliably- Creditors and provlsions are nornially recognised at their settlement amount after allowing for any trade discounts due. Page 13
The Misffts Theatre Company UK Note5 to the Accounts Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company p4y5 fixed contributtons into a separate entity. Once the contributions have been paid the company has no further payments Obligat)n5. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independentty administered funds. 2 Statement of Flnancial P£tivttles- prior year as restated Unrestrirted funds Restricted funds Total fvnds 2022 2022 2022 Incorne and endowments from: Donations and legacies Charitable activltles Other 17,420 21,789 204 74,175 91,595 21,789 204 Total 39,413 74,175 113,588 Expenditure on: Other 46,150 51,606 97,756 Totsl 46,0 51,606 97,756 Net Income 16,737) 9,251 22,569 15,832 Transfers between frjnds 19,2511 Net income before other 8ainsl{losses) Other gains and losses: 2.514 13,318 15,832 Net mo¥ement in funds 2,514 13,318 15,832 Reconciliation of funds: Total funds brought forward Total funds carried fonmard 52,693 12,676 65.369 55,207 25,994 81,201 3 Inme fr¢Jm donations and legacies restated Unrestricted Restrirted Total 2023 Totsl 2022 Donations 14,676 3,750 18,426 14.676 41,535 56,211 4,097 87,498 91,595 Grants 37.785 37,785 Pa8e 14
The Misfrts Theatre C¢mpany UK Notes to the Accounts 4 Income from charitable atti¥ities restated unstricted T¢)tsl 2023 Total 2022 Workshops, fee5 and contracts 53,203 53,203 21,789 Events and box offi 6,547 59.750 6,547 59,750 21,789 5 Income from investments restated Unrestrirted Totsl Total 2023 2022 Bank interest received 12 12 12 12 6 Other income restated Unrestrirted Totsl 2023 Total 2022 Miscellaneou5 income 130 204 130 130 204 Page 15
The Misfits Theatre Company UK Notes to the Accounts 7 Other expenditure restated Unrestricted Restrfcted Total 2023 Totsl 2022 Freelance and project fees Theatre production costs Fundralsing Production, workshop costs and venue hire 11,390 3,740 31,816 43,206 5,240 977 16,918 977 3,733 10.071 10.071 13,962 Employee costs Motor and travel costs 27,827 3.190 8.127 27,186 55,013 3,190 8.127 46.327 1,412 7,484 Premises costs Amortisation, depreciation. impairment, profttlloss on disposal of fixed assets General administrattve costs 917 917 222 3.299 i.i(KJ 70.638 3.299 I,ILK) 131,140 6,798 900 Legal and professional costs 60,502 97,756 8 Net {expenditureifincome lthe transfers 2023 2022 Thls Is stated after charging: Depreciation of owned frxed assets 917 222 9 Trustee remuneration and expenses One or more of the trustees has been paid remuneration in the current or prbor periods. The trustee5 that have been paid We contracted under selF-employment at rates bèlieved to be not more than market value for services specwfic to their expertise in relevant areas required by the charity. Trustee Remuneration Pension benefits K. Castro Rascon S.P. Spencer 3,750 No trustees were paid expenses in the current or prior periods. Page 16
The Misfits Theatre Company UK Notes to the A¢¢¢unts 10 Staff costs restated 2022 2023 Salaries and wages Pension costs 46,209 582 46,791 38.782 433 39,215 No employee recelved emoluments in excess of £FKI,000. The average monthly number of full time equivalent employees during the year was as follows: 2023 Number 2022 Number Administration The charity made payments on a defined contribution basis towards an employees prfvate pension during the year. 11 Tanglble fixed assets Flxtures, fittings and equipment Total Cost or revaluation At l April 2022 AddTtions At 31 March 2023 Depreciation and Impalment At l April 2022 Depreciation charge for the year At 31 March 2023 1,109 3,478 4.587 1,109 3,478 4,587 222 222 917 917 1.139 1,139 Net I0k Values At 31 March 2023 At 31 March 2022 3,448 887 887 12 Debtors restated 2023 2022 Trade debtors Prepayments and accrued income 9,493 4,594 14.087 7,809 5(KJ 8.309 Page 17
The Misfits Theatre Company UK Notes to the Accounts 13 Creditors: amounts falling due within one year reststed 2022 2023 Other taxes and social seojrrty Accruals 442 250 9(X) 1,342 1,150 14 Movement In funds Incoming resources (induding As reststed other at l April gains/losses 2022 Resources expended At31 March 2023 Restrlcted funds: Restricted income funds: Bristol City Council Arts Council England Big Lottery Quartet 1,5 12,695 11,799 6.500 2.500 24.594 4,191 15,2511 115,1951 136.3931 13,6631 2,749 528 Total 25.994 37,785 160.5021 3,277 Unrestrlcted funds: General funds 55,207 78,318 170,6381 62,887 Totsl funds 81.201 116,103 1131,1401 66.164 Purposes and restrictions in relation to the funds: Restritted funds: Bristol City Council To support people wtth learning disablllties to understand rules around self isolation and core funding during COVID Core funding during COVID. To continue to run online ¢ative workshops for our members To develop a new online membership scheme Project delNery 15 Analysis of net assets between funds Art5 Council England Big Lottery Quartet funds funds Total Flxed assets Net current assets 3.448 62.716 66,164 58,122 61.570 4,594 4,594 Page 18
The Misfits Theatre Company UK Notes to the Accounts 16 ReCOlIlI0n of net debt A5 reststed *IApril 2022 At31 M¥r¢h 2023 Cash flows Cash and cash equNalents 73,155 73.155 123,1841 123,1841 49,971 49,971 Net debt 73,155 123,1841 49.971 17 Commitinents Pension commitments 2023 2022 The pension cost charge to the company amountedto- 582 433 18 Related party disclosures Controlling porty The Chartty is controlled by the Trustees as a body. 19 Prlor year adjustment In the previous year there were material errots in respect of recognition of debtors, expenditure analysed as unrestricted that was restricted. and transfers between unrestrirted and restricted funds. Trade debtors were understated by £7.809. Accnjed income was understated by £500, being funding due in arrears in respect of some of the expenditure. The financial effect of the prior year adjustment Is to increase the charity's unrestricted fvnd by £46,5tKI and decrease restricted funds by £38,191, while increasing net assets by £8,309 from what was previousty reported. Page 19
The Misfits Theatre Company UK Detailed Statement of Financial Artivities for the year ended 31 Marth 2023 Unrestrirte Restrirted d fund5 funds 2023 2023 Totsl funds 2023 Total funds 2022 Income and endowments from: Donations and legacies Donations Grants 14,676 3,750 18.426 14,676 41,535 56,211 4,097 87,498 91,595 37,785 37,785 Charltable activtties Workshops. fees and contracts Events and box offi 53.203 6.547 59.750 53,203 6,547 59,750 21,789 21,789 Investments Bank interest receNed 12 12 12 12 Other Miscellaneous intome 130 tso 130 204 130 204 Totsl Income and endowments 78.318 37.785 116,103 113,588 Expenditure . Other expendrture Freelan and project fees Theatre production costs Fundraising Production, workshop costs and venue hire 11,390 3.740 977 31.816 1,5C 43,206 5.240 977 16,918 3,733 10,071 10.071 13,962 26,178 33.316 59,494 34,613 Employee costs Salaries/wa8es Pension costs Staff training Temporary staff 19,172 434 27.038 149 46,209 582 38,782 433 740 740 26 7,086 46.327 7,482 27.827 7.482 55.013 27,186 Motor and travel costs Tyavel and subsisten¢e 3,190 3,1 3.19) 3,190 1,412 1,412 Premises costs Rent 8.127 8.127 8,127 8,127 7,484 7,484 General administratNe costs, including depreciation and amortisation Page 20
The Mlsfits Theatre Company UK Detailed Statement of Financial Artivities Depreciation of Fixtures, frttings and equipment Equipment expensed Genero1 Insurances Information and publications Software, IT support and related costs 917 917 222 1,166 638 1.166 638 795 619 1,960 316 316 329 Stationery and printing SubscriptioAs Sundry expenses Telephone. fax and broadband 2,125 85 229 661 518 4,216 661 518 656 7,020 4,216 Legal and professional costs Audit/lndependent examination fees i.i(K) i.l(K) 9CKI i.l(M) I,iTh) 900 Total of expenditure ol other costs Total ejtpenditure Net gains on investments 70,638 EiJ.502 131,140 97,756 70,638 .502 131.140 97,756 Net (expenditure}lincome 7,680 122,7171 115.0371 15,832 Net (empendlturellincome before other gains/llossesl Other Gains 122,7171 115,0371 15,832 Net mo¥ement in funds 7,680 122.7171 115,0371 15,832 Re¢oncilTation of funds: Total funds brought forward 55,207 25.994 81,201 65,369 Total funds carrled forward 62,887 3,277 66,164 81,201 Page 21