The Misllts Theatre Company UK Charlty No. 1166100 Trustees, Report and Unaudlted Accounts 31 March 2024
The Mlsflts Thealre Company UK Contents Pages 2to7 Tiuslees, Annual Report Independent Examlnei's Report Statement ol Flnanclal Acllvltles Summary Income and Expendlture Account Balanc8 Sheet 10 11 Noles lo the Accounls 121020 Delalled Stalemenl ol Flnanclal Actlvltle8 211023 Page 1
'rhe M Isfits Theatre Company UK Tiuslees Annual Report The tiuslees present Ihelr report with the unaudlted Ilnanclal statements ol the charlty lor the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DAlLs Charlty No. 1166100 Reglslered Olllce Sl. Pauls Learnlno Centie 94 Grosvenoi Road Brlstol BS2 8XJ Trustees The lollowlng Trustees seNed durlng the year., K. Castro Ra8¢on (Chalr Irom 10th January 20241 L Russ S.P. Spencer 8. Tale Wlstrelch S.M.Turner {Chali unlll l Olh January 20241 Accountants Magic Bean Countefs Llmlled Unlt 7, The Old Co-op 38 Chelsea Road Brlslol BS5 6AF OBJECTIVES AND ACTIVITIES The purpose ol Ihe charlty as set out In Ils governlng document Is: 1. Th6 advancement ol oducatlon ol people wlth learnlno dlsabllltles ranglng Irom those wlth moderate learnlng dlsabllllles lo those wllh profound alld complex needs In Brlslol. South Glouceslershlie. Bath and Northeast Somerset and the provlsSon ol lacllilles lor recreatlon ol sald people In Ihe Interes18 01 soclaS wellare and wlth the object ol ImpronU thelr condlllons ol Ille. 2. To promote soclal Incluslon loi the publlc benellt by prevenllng people wllh learnlng dlsabllltles from becomlng soclally excluded, rellevlnu the needs ol those people who are soclally excluded Irom soclety, or parts ol soclely. as a restsll ol their learnino dlsabllllles and asslsting them lo Integiale Into socl8ty. parllcularly bul not excluslvely by the provSsiDn ol a local nelwork. support and advocacy oroup provldlng creallve and soclal opportunlties lor people wlth learnlnll dlsabllltles In Bristol. South Gloucesleishire. Balh & Northeast Someisel. Page 2
The Mlsllls Theatre Company UK Tiustees Aftnual Report The maln actlvltles underlaken In relatlon to those purposes are; Promotlon of Incluslon lor People wlth Learnlng Dlsabllllles, who are olten L%olaled and alrald to go out al nlaht by runnlng a Nlohl Club called "Rhythm ol the Nlghl" Thls Is an Inclusiv8 evenlno evenl lor PWLD, tholr lamllles and Irlends. The Nlght Club Is held at a Clly centre venue, where PWLD can feel safe, comfortable, conlidenl an(i in control, whlle oiving people a chance to co- produce events. meet new people, dance and have a oieal nlohl out. Dellverlng Iralnlng and performance to prolesslonals and Ihe oeneral publlc lo tell people aboul Ihe Ilves and the challenges PWLD have. Our perloTmanc8s and tralnlng are bolh lunny and seTlOUS, and somellmes deal wlth uncomloitable Ihlnos. bul we always leave the audlence laughlng and with a betlef underslandlng ol the Ilves ol PWLD. Dellverlnu creatlve workshops lor PWLD to have lun and learn new 5kllls to promote creatlvlty, conlldence and $ell-worlh. Thls Is achieved Ihrouoh group parllcipalion, sharlno Ideas and slorles. dancing. actlng and playing iogether, Ilstenlng lo each other. makSng poelry, rnew shows and new Irlends. In plannlno our acllvilles, we have glven due conslileratlon to the Charlly Commtsslon'5 guldance on publlc benelll. Thls Is the key context lor all dlscusslons and dectslons wlthln trustee meellngs, alongslde the charlty's oblecllves. Mlsllts Theatre Cornpany Is supported by a small number ol dedlcated volunteers Inclu(ilng PWLD. Volunteers suppoil the dellvery ol iegulai workshops as well as Dling and hosllng our monthly nlght¢lub. ACHIEVEMENTS AND PERFORMANCE The year 2023 brouohl slgnlllcant Iranslormallon lor The Ml8llts Theatre Company UK. After a gradual recovery from Ihe ellecls of COVID-19, we embarked on a new chapter In our organlsallon's story. In May. we sald goodbye lo our longslandlng lunder and vislonary dlrectoi, Tony Holdom, who led us from a diama group In a day care centre to a Ihrivina charitable Incorporale(i organisalion. Tony was a d8dlcaled advocate lor the creative talents ol people wilh learnlno dlsabilltl8s IPWLOI, bellevlng strongly in Ihelr capaclly lo Insplrg and the Importance ol provldlng them wllh platlorms lo share thelr volces and enrich Incluslve, supportive communllies. To celebrate Tony's remarkable conlilbullons lo Mlsllls. we organlsed a retlremenl event fllled wllh danclng, perlormances, and movlng speeches Irotn fflembeis, slalf. supporters, parents, care, and trustees, all expiesslng our heartlelt appreclalion lor hls years ol Impactlul leadershlp and commltment to PWLD. Tony's deparlure opened new opportunllles IOT urowth. adapiallon. and a relreshed vlslon for the lulure. Longtime Stall members Sara Mellon and Anlla Mccallum stepped Into the roles ol Operatlonal Lead and Artlsllc Lead, respeclively. To supporl the team duilno IhSs IransS1ion and lurther our company's mlsslon. we oblalned lundlng lor Iwo positlons: Slrateglc Lead, held by Rhlannon Jones, and Flnance Olllcer, h8ld by Jenna Giave8, both funded unlll lune 2024. Page 3
The Mlsllls Theatre Company UK Truslees Annual Reporl Another major change durino thls perlod was the relocatlon Irom Hamllton House our home foi over a deca(le lo a fflore accesslble site. Thls move followed a perlod ol Inlerrupted progTammino due to ongolng Issues wlth laulty Illt3. Securlno a new locallon presented challenoes, as allordable, accesslble spaces In the clly centie are Ilmlleij. Wlth the support ol Elhlcal Property and a subsldlsed fenlal lease, we were able to move Inlo St. Pauls Learnlng Centre In November. The transltlon was carefully managed for our members, most ol whom relocated smoolhly. The Dance & Movement group, however, contlnues to use Hamilton House, as11 remalns Ihe mosl sullable venue lor Ils 51ze needs. Flnally, we want to lake a moment to express our gratltude lo Brendan Tale Wlslrelch, Chalr of Trustees, who stepped down Irom Ihls role in December 2023. Brendan's guidance has b86n Instrumental In navlgatlng Mlsllt5 through some ol the m08t challenging tlmes over the last 6 years, Includlng the Impacts ol COVID-19 and the subsequent reslructurlno. HIS vnwavering commllment to our mlsslon fostered a culture ol reslllence and collaborallon that woll contlnue lo gulde vs In the luluie. Aller neaily 15 years ol volunteerlno wllh the Mislits, l am honoured lo have been elected as Chalr ol Tiustees at our AGM In January 2024. As we look ahea(I, I want to express my slncere oralltude to the stall and membeis lor thelr exc8plional ellorls an(5 dedlcation over the past year. Together. we have laced challenges head-on and fflade Temaikable progress. Each ol you plays a vltal role In advancing our mlsslon. and I truly appreclale the collaboration and supporl that chaiaclerise Mlslits. 11 has been a year ol learnlno, and I look lorward to what we wlll achleve together In the comlno yearl Membershlp.. Our membeishlp has malntalned numbers across the year wlth 38 members allendlno our reoular acttvllles on a weekty basis. Acllvliy Dellvery.. Our 8venls and acllvllles have conllnued10 Ihrlve. even amldsl wldei organisatlonal changes. Thls year. we successlully held oui Teoular lour creatlve woikshops each week la lotal of 181 s88slonsl IOT 42 PWLD. Each workshop Is shaped by parliclpanls. cholces and led by prolesslonal arllsts: Wellbeing. led by Jules Allen., Focused on explorlng ielaxallon technlques, bulldlng conlldence. and losleTlng creallvity together. Dance & Movement, led by The Orlolnal Splnners.. Encourages creatlvlty thiouoh mu51c and a varlety ol movement styles. Drama. led by Anlta Mccallum.. Ollers opporlunllle31o Lfevelop p8ilormance skllls, enoaue In drama gam88. create shoit plays. and bulld teamwork. Poetry. also led by Anlta Mccallum. Invlles partlcipanls10 express Ih8mselves throuoh words and explore creatlve s811-expression. This y8ai we also secured lundlng to pllol a Prop-maklng workshop wllh Ruby Pugh. Thls new actlvoty comblned exlsllng and new members in a di118renl side ol the perlorminp arts. We also hosted 10 Rhythm ol the Nlghl IROTNI club events al The Trlnlty Centre, wllh an average atlendance 01121 PWLD, plus Ihelr lamllles and lilends al each event. Attendance conllnue$ lo urow. allracllno partlclpanls Irom as lai as Taunton and Balh. Thls year, we bld farewell to Sean Domlnlc. who stepped ¢Jown as ROTN Event Support. We thank Sean lor hls many years ol dedlcallon In helplng make Ihis a welcomlng and successlul evenl. In Octobef 2024. we look lorward to celebratlng the 20th annlversary ol ROTN slgnlllcant mlleslone. Page 4
The Mlsflts Thealre Company UK Trustees Ann ual Report Creallve Performances-. In addition to our lour regular workshops. our members have parllclpated In speclal creatlve prolects Ihal culmlnalBd In perlormances. Foi example, at the lara Poetry Fesllval In Aprll, we led an Immersive poetry walk around Ihe Harbourslde. In November, both our Poetry and Dance & Movement groups performed at Brlstol Beacon's Housewarmlnp event. engaoSno an audlence of approxlmatoly 400 peopl6. Website & Online Membershlp., In 2021. we secured funding from the Blg Lottery and Brlslol Impact Fund to updale Dui website and develop accesslble conlenl lor those unable to partlclpale In our acllvllles In person. OTlglnally desiuned durlng lockdown when In-person engagement wasn't posslble. Ihe webslte has evolved based on leedback Iroffl our m8mbers. who shared that they are now less Ilkely lo access pald conlenl onlln8. Aller some adiuslmenl5, we launched our new slle In summei 2023, as a Iree and accesslble plallorrn lor everyon&.11 lealures unlque content Ilke ' Master Classes. with local artists on themes such as bealboxlno, poetry. and puppet making. The slle also ollers a platform lo showcase more ol ovr members. work and provldes an accesslble way lor people to connect wlth u8. Tralnlng & Commlsslons: Our work wllh businesses and the publlc s8cloi In ollerlng unlque Irainlno soltstlons has conllnued lo expand. Throughout 2023-24, we conducled 22 tralnlng sesslons lor 707 prolesslonals, students, and Indlvlduals worklng wllh PWLD on topics like the M enlal Capaciiy Act. Our actors provlded aulhentlc perspectlves on learnlng dlsabllllies In collaboiatlon wlth partners such as th8 NHS, Bilslol UnlveFslly. and UWE. Beyond Iralnlnu. we have partnered on commlssloned Illms. Includlnu Supportlng Women with Learnlnp Dlsabllltles to Feed Their Bables with UWE. Th15 fllm has reached broad audiences. lealuring In the International Breaslleedlng iournal and wllh Ihe Visual Cullure Research Gloltp. and has been piesented at numerous healthcare conferences, oainerlng over 1,100 vlews. Organlsallonal Development: Our maln oblectlves lor 2023-24 focused on manaolno subslanllal organlsatlonal changes and s8¢urlno ihe Mlslils, lono-lerm suslalnablllly. We are pleased wllh Ihe progress made so far. though we recognlse are3S where further Improvement Is needed 3nO possible. W& wlll carefully consider the consliuclive leedbaek we*e iecelved lo contlnue slrengihenlno both Ihe team and the organlsallon. Each year, we assess lundlng needs by developlng an annual budget and Identllylng any potentlal Income oaps. We wlll also keep focuslng on oroanlsatlonal development, including revlewing roles and responslbllilles, whlle supporllng the ongoing Pfolessional giowth ol our stall and members. FINANCIAL REVIEW Balances lor the year endlng 31 March 2023 are as lollows; Restricted Funds £27.32612023 - £3.2771 Unrestilcted Funds- £44,718 I2023- £62,887) Mlsllls Theatre Company UK total Income for 202312024 lolalled £155,47612022123- £116.1031. belng an Increase In Income ol E39.373 {2023- Increase of £2.5151 compared to thg prevlous year. Deblors lalllng due amounled to £3,63412023- £9.4931 Paoe 5
The Mlsllls Theatre Company UK Trustoes Annual Report Income was broken down as lollows.. Reslricled Giants: £66,349142.7%: 2023 - £37,785) Unreslfict ed Grants.. £10,00016.4%: 2023 - £3,750) Donallons: E11,280. 01 which servlces £7.96217.3%: 2023- £14,676) Commlssions.. £30,093119.4%,' 2023- E30.1661 Workshops- £24.743115.9%,' 2023- £23.0371 Rhythm of the Nlghl: £11,19817.2%; 2023 - £6.5471- Back to pre-pandemlc levels. Othei: £1.81311.2%; 2023- £1421- Increased ijue lo addlllonal rental Income. Grant Income., The maln lunders were Blg Lotlery1£15.4061 lo develop our webslte and Increase revenue Irom member3hlp. We also were successlul wlth secuflng lunds Ifom Nisbell Trust lor three years lor expandinu dellvery1£30,000 in lolall, Ihe BCC CRF grant £10,561 lor essentlal equlpmenl upgrades. We would like lo thank Quartet and Mencap lor supporlinu us wllh small orants to dellver activltles lor our servlce users. Reserves: The Mlsllls Theatre Company UK recognlses the Importance for retalnlng Ilqul(t funds as reserves to protect our services Iiom dlsrupllon due to lack ol funds. We musl also consider to nol retaln Income lor longer than requlred. Reserves are agreed to be kept for the lollowlno reasons,, To strengihen our resillence aoalnst, lor example, diops In Income such ai the Covld-19 pandemlc. or the demands of a new prolecl Allow lo lake advantage ol new opportunllles or Capllal Inveslmenl To strengthen rapport Irom the Iruslees To strengthen relallonshlpslappeal with potenllal Investors or funders To remaln a Golng Concern. The Iree reserves Isurplus funds) ol the Gharllable company (total unrestrlcl8d lunds less de51gnaled lunds less unrestrlcted lunds held as flxed assets) on 31 March 2024 Is £41.242 (£59,439 In 20231. The trustees, ReseNes Pollcy Is to hold In Iree reserves approxlmately 12 weeks ol unrestrlcted expendllure and funds to cover re(lundancy lees, In respect ol the year ended 31 March 2024 Ihls would amount to £39,655,. leavlng surplus funds ol £1,587.. To secure the charlty's fulure we are aware that we need to respond lo the lollowlng threats ielevant to oroanlsatlonal restructure.. Recrulllno new stall members Tralnlng and prepaiallon lor hand-over over a period li.e. couple ol monlhsl Rlsk ol key personnel. loss ol a(idlllonal team mefflbers Rlsk ol loslng key members. We started the year wllh a surplus In reserves. However, reserves in 2023124 were reduced due lo relocatlon expenses from Hamillon House to St. Pauls Learnlng Cenlre. along wSlh slall wage Increases lo align with Llving Wage adjustments. Paoe 6
The Mlsllts Theatre Company UK Trustees Annual Report Mlsllls Theatre Company UK sources of Income are broken down as follows.. Member$hips,' We ¢haiue a membership lee of £15010 altand a12-we8k program ol acllvltl68. The membershSp scheme keeps seivlce users regularly Inlormed of the activities they can parllcipate In. We facllitale weekly workshops including poetry, dance, wellbelng and drama. We also Invlle uuesls to run Indlvldual actlvllles. Rhyihm ol the Night.. We h031 a rnonthty nlohlclublsoclal event lor up lo 200 people at £8 pei Ilckel. GranlslReslrlcted Funds.. We apply loi funds lo help wllh core costs and lo dellver prolect aclfvllles. Taigel lunds are aoreed by the Trustees when the annual budgel is r8vlewed. Commlssions.. We lacilllale Iralning, provlde trainlnp materials and host events to Increa8& engagement wllh health prolesslonals In the private and publlc sectors. Thls Includes Ihealie perlormances, educallonal 8emlnar31workshops and fllm maklng. STrUCTURE, GOVERNANCE AND MANAGEMENT The entity Is a charltable Incorporation organisatlon and is governed by its constitullon. reoistered on 17th March 2016. Trustees are appolnled through candldates submlttlng an expresslon ol Interest. after whlch the charlty manager mgels the candldate., an Invltallon Is sent to those that ar8 sultable ano Int8r8St8d to observe a board meeting and meet trustees; the candidate's blographyllnfo is circulated to members beloi8 th& AG M alerting members lo the role and skllls and allflbules fequlied ol Iruslees., selecllon and appolnlmenl Is made al the AGM. The Truslees are responslble lor keeplno proper accounting record5 Ihal dlsclose wllh reasonable accuracy at any Ilme the IlnanGlal poslllon ol the chailty and lo enable them lo ensure that the Ilnanclal statements comply wllh Ihe Charilles Act 2011 and the Charities (Accounls and Reports) Regulations 2008. The Trustees are also fesponslble lor saleguardlng the assets ol the chaflly and hence laklng reasonable steps lor the preventlon and detecllon ol fraud and other Irreoularilles. The Trusleel conslder that there are no materlal uncertalntles about the charlty's ablllly to contlnue as a golng concern. There are no materlal uncertaintles allecting the curr8nt year's accounts. The above report has been prepared In accordance wlth the provlslons set Dut In Charllles Act 20113nd in accordance wlth lh8 Charltl88 SORP IFRS102). Slgned on behall of Ihe board K. Castro Rascon Trustee 20 November 2024 Page 7
The Misllls Theatre Company UK Independent Examiners Report Independent Examiner's Report to the trustees ol The MSsflts Theatre Company UK I report to the charlly trustees on my examlnatlon ol Ihe Ilnanclal stalemenls ol The MisfiisTheaire Company UK lor the year ended 31 March 2024. Respon3lbllltles and basls of report As the charlty's Iruslees ol the company land also Ils dlrectors for the purposes ol company lawl you are responslble lor the preparatlon ol the Ilnanclal slalements In accordance wllh the requlrements ol the Charllles Act 20111'lhe 2011 Acl'l. Havlng sallslled mysell thal the Ilnanclal 31alements ol the Chailly are not required to b8 aLTrdlted und8r secllon 144 of the 2011 Act and are ellolble lor Independent examlnallon. I report In re8pecl ol my examlnatlon of your chaiily's Ilnanclal slalemenls as carried out under section 145 01 the 2011 Act. In carrylng out my examlnatlon I have lollowed the Dlreclions olven by the Chailly Commlsslon under secllon 145151 Ibl ol the 2011 Acl. Independent examlner's Statement I hav8 completed my examination. I can conllrm that no mateilal mallers have come to my allenllon In connecllon with the examlnatlon olvlng me caus8 lo belleve.. accounting records were not kept In accordance wlth sectlon 130 01 Ihe 2011 Act . or • the Ilnanclal slalemenls do not accord wllh those records.. or the flnanclal statements do not comply wlth the appllcable requlremenls concernlng Ihe form and conlent ol accounls set out In the Charltles (Accounts and Reports) Reoulatlons 2008 other than any requlrement that Ihe Ilnanclal slalemenls olve a 'lrue and lalr, vlew whlch Is not a matter considered as parl ol an Independent examinalion., or Ihe linanclal stalemenls have nol been prepared In accordance wlth the methods and prlnclples of the Stalemenl of Recommended Practice lor accounllno and reportlng by charitles appllcable to charltles piepailno Ihelr accounts In accordance wllh the Financlal Reportlng Standard applicable in thg UK and Republlc ol Ireland IFRS 102). I have no concerns and have come across no Other mallers In connecllon wlth the examSnallon lo whlch attention should be drawn In thls report In ordeT to enable a proper underslandlno ol the Ilnanclal statement8 to be reached. Ryan Corkery FCCA Maglc Bean Counters Llmlled Unit 7. The Old Co-op 38 Chelsea Road Bristol 8S5 6AF 20 November 2024 Pag8 8
The Mlsllls Theatre Company UK Statement ol Flnanclal Acllvllle$ for the year ended 31 March 2024 Uniestricled Reslrlcled lunds funds Total luftd8 Total funds 2024 2024 2024 2023 Notes Income and endowments from: Donatlons and legacles Charitable acllvilles Other Iradlng activltie8 Inveslmenls Other 11.280 76.034 1,309 109 395 11,280 142,383 1,309 109 395 14,676 101,285 66,349 12 130 Total 89.127 66,349 155,476 116,103 Expendllure on: Raisino lunds Olh8r 55 108.423 108,478 55 149,541 149,596 41,118 41,118 131,140 131,140 Total Nel oalns on inveslmenls Nel Incomellexpendlluiel Transl8is belween funds 10 119.3511 1.182 25,231 11,182) 5,880 115,0371 Nel Incomellexpendlturel before othei gainslllosse51 Other oalns and losses 118.1691 24,049 5,880 115,0371 Net movementln lunds (18.1691 24,049 5,880 115,0371 Reconclllallon ol funds: Total lunds brought lorwar(i 62,887 3.277 66,164 81,201 Total funds carrled forward 44,718 27,326 72,044 66,164 Page g
The Mlsllts Theatre Company UK Summary Income and Expendllure Account lor the year ended 31 March 2024 2024 2023 Income 155,367 116,091 Interest anfl Inveitment Income 109 12 Gross Income for the year Expendlture 155.476 148.442 116,103 130,223 Depreclallon and charaes lor Impalrment ol Ilxed assels 1,154 917 Tolal expendlture lor the year Nel income/lexpendiluiel belore tax lor Ihe year 149,596 131,140 5,880 115,037) Nel Income Ilexpendlture Ifor the year 5,880 115,037) Page 10
The Mlsllts Theatre Company UK Balance Sheel at 31 March 2024 Notes 2024 2023 Flxed assets Tanolble ass8ts 13 3.476 3,476 3.448 3,448 Current assets Oeblors Cash al bank and In hand 14 5.597 69.863 14,087 49,971 64.058 11.3421 62.716 66,164 66,164 Credllors.. Amovnt lalllng due wllhln one year Nel cvrrent assets 15 16,8921 68,568 72,044 72.044 Total assels18u Current Ilabllllles Net assets excludlng penslon asset or Ilablllly Total net assets 72,044 66,164 The funds of the charlty Restrlcted funds R8Stilcled Income lunds 16 27,326 27,326 3,277 3,277 Unre51rlcled funds Gen8ral funds 16 44,718 44,718 62,887 62,887 R8serve8 16 Total lunds 72,044 66.164 Approved by the board on 20 November 2024 And 31gned on Ils behalf by.. K. Castro Rascon Trustee 20 November 2024 Paoe11
The Mhsllls Theatre Com pany UK Notes to the Accounts lol the year ended 31 March 2024 1 Accountlng pollcles Basis ol preparatlon The Ilnanclal statements have been prepared In accordance wlth Accounllno and Reportlno by Charilles: Slalement ol Recommended Pracllce appllcable to chaillles prepailng Ihelr accounls In accordance wllh the Flnanclal Reporllno Standard applicable In the UK and Republlc ol Ireland IFRS 1021 lellecllve I January 20151 IChari1Ses SORP IFRS 10211, the Flnanclal Reporting Standard applicable in the UK and Republlc ol Ireland IFRS 1021 and the Charlties Acl 2011. Change In basls of accounllno or lo prevlous accounts There has been no clianoe to th8 accounllng pollcies Ivaluallon rules and method ol accounllnol slnce last year and no changes have been made lo accounts lor prevlous years. Fu nd accountino Unreslilcled funds These are avallable lor use at the dlscretlon ol the Irustees In lurlherance ol the oeneial oblects ol the charity. Deslgnaled Ivnds These are unreslrlcled funds earmarked by the trustees for partlcular purposes. RÈvaluatlon funds These are unrestricted lunds whlch Include a revaluatlon reserve rgpresenllno the reslalement ol Investmenl assels al Ihelr markel values. These are avallable lof Use subi8cI to ieslrlclions lfflposed by the donor 01 through leTfflS ol an appeal. Restrlcted funds Income Recognition ol ncome Income Is Included In th8 Statement ol Flnanclal Acllvllles ISOFAI when the charlty becomes enlllled to, and virtually cerlaln lo recelve, the Income and the amount ol the Incoffle Can be measured with sulliclenl iellablllty. Income with related Where income has related oxpenditvre the Income an(i related expendlture Is expendlluie reported gr05s In the SOFA. Donatlons and leuacles Voluntary Income recelved by way of gran18, donallons and gllls Is Included In the the SOFA when recelvable and onty when the Charlly has uncondltlonal enlltlemenl lo the income. Tax reclalms on Income from tax reclalms Is Included In the SOFA at the same Ilme as the donations and oifts olllldonallon to which il relates. Donated seNlces These are only In¢luded In Income Iwllh an equlvalenl amount In expendlluiel and lacllitles where the benefit to the Charily is reasonably quanllllable, measurable and malerlal. Volunt9er help The value ol any volunle8r help recelved Is not Included In the accounts. Investment In¢om8 Thls is Included In the accounts when recelvable. Galnslllossesl on ThSs Includes any aaln or loss resultlng Irom revalulng Inveslmenls to market value revaluation ol fixed at the end ol the year. assets Galnslllossesl on investment assets Thls Includes any galn or loss on the Sale ol Investments. Page 12
The Mlsllls Theatre Company UK Notes lo the Accounts Expendllure Recognition of expendllure Expendllur8 Is iecognised on an accruals basis. Expendlture Sncludes any VAT whlch cannot be lully recovered, and Is reported as part ol the expendllure10 whlchll relates. Expendlture on These comprise the costs assoclated with allractlng voluntary income. lundraislng ralslng ltsnds Iradlnu Gosls and Inveslmenl manaoemenl costs. Expendltuie on These comprlse the costs Inctsrred by Ihe Charity In the dellvery ol Ils acllvltles and charilable activilles serylces in the lurtherance ol Ils objects. including the maklng ol orants and oovernance cosls. All grant expendllure Is accounted lor on an actual pald basls plus an accrual lor ofanls Ihal have been approved by ihe trustees at the end ol the year but not yet pald. These include those costs associated wllh meetlng the ¢on511tullonal anif stalulory requirements ol the Charlly, includino any audlllindependenl examlnallon lees, costs Ilnked to the slraleglc management ol the Charity, together with a shale ol olher admlnlslrallon costs. Other expendltvre These are support cogts not allocated lo 2 partlcular acttvlty. Gfanls payable Governance cosls Taxatlon The charlty Is exempt Irom corporallon tax on Ils charllable aclfvllles. Tanolble flxed assets and depreclallon Depreclatlon Is provlded at the lollowlng annual rates In older lo wrlle oll each asset over Ils estlmated useful Ille.. Fixtures, Iltllnos and equlpmenl 20% slralght Ilne Trade and other deblois Trade and other debtor5 are recognlsed al the settlement amoursl due aller any trade dlscount oflered. Prepayments are valued at the amount prepald net ol any trade dlscounts (Iue. Cash and cash equlvalents Cash and cash equlvalenls comprlse cash al bank and on hand, demand dBposlts wllh banks and other shoTI-term hlohty Ilquid Investments with orlolnal maturilles ol three monlhs or less and bank oveidralts. In the slalemenl ol Ilnanclal poslllon, bank overdrall8 are shown wllhln borrowlngs OT cuirent Ilabllllles. In Ihe Slatefflent ol Cash Flows. cash and cash equlvalents are shown net ol bank ovefdialts that are repayable on demand and form an Inteufal parl ol the company's cash managemenl. Trade and other credSlors Short term credllors are mea8vre(i al the Iransacllon prlce. Other credltOT8 and provlslons ftre Tecognlsed where the charlly has a present obllgallon resulllna Irom a past event Ihal will probably result in the Iransler ol funds lo a Ihlrd party and the amount due lo sellle Ihe obllgatlon can be measured or esllmated rellably. Credllors and provlslons are ncrmally recDgnlsed at their setllement amount alter allowlng for any trade dlscounls due. Paoe 13
The Mistits Theatre Company UK Notesto the Accounls Pension costs The charlly operates a delined conlrlbullon plan for Ils employees. A deflned conlrlbulion plan Is a pen51on plan under which the company pays Ilxed conlrlbulions Into a separate enllly. Once Ihe contribullons have been pald the company has no luith81 paymenls obllgallons. The contrlbullons ai8 recoonlsed as expenses when they fall due. Amounts not pald are shown In accruals In th8 balance sheet. The assets of the plan are held separalely Irom the company In Independently admlnlslered lund8. Rec8ipI ol donated goods. facllitles and servlces All donated ooods. lacllltles and seNlces recBlved aro recognlsed wlthln Incomlng resources and expendllure at an esllmate ol Ihe value lo the chaflty. 2 Statement of Flnanclal A¢tlvlties- prlDI year Unreslrlcted funds 2023 R8Strlcted funds Total funds 2023 2023 Income and endowmen18 from,, Donatlons and leoacles Charitable acllvllies Investments Other 18.426 59.750 37,785 56.211 59,750 12 130 130 Total 78,318 37,7B5 116,103 Expendllure on,. Olher 70.638 70.638 60,502 60,502 131,140 Tolal 131.140 Net Income 7,680 122,7171 115,0371 Net Income before other oalnslllosses) Olhei galns and losse8'. Nel movement In funds 7,680 122,7171 115,037) 7.680 122,717} 115,0371 Reconclliallon ol funds: Total funds brought lorwaid Total funds carrled toiwar 8,707 16.387 64,185 41,468 72.892 57.855 Page 14
The Mlsllls Theatre Company UK Notes to the Accounts 3 Incom6 from donaiions and legacles Uniestrlcled Total 2024 Total 2023 Donatlons Donated servlces 3,318 7,962 11,280 3,318 7,962 11,280 14,676 14,676 Donated goods. facllltles and serylces recelved Toial 2024 Total 2023 Dlscounted rent Reduced event venue hlre feel 5.322 2.640 7.962 Dlscounted rent Is piovided by the landlord EthScal Property. Reduced evenl venue hlre lees are provlded by Tiinily Communlty Alls Llmiled. 4 Incoffle Irom charltable actlvllles Unresirlcted Reslrlcled Total 2024 Total 2023 Workshops. lee3 and contracts Events and box Oiflce Grants 54,836 54,836 53.203 11.198 10,000 76,034 11,198 76,34g 142.383 6,547 41.535 101.285 66,349 66,349 5 Incom8 from other tradlno acllvllles Unrestrl¢ted Total 2024 Total 2023 Merchandlse Sub.lelling oi spac8 309 1,000 1.309 309 1,000 1.309 6 Income from Investments Unrestrlcted Tolal 2024 Tota 2023 Bank Interest recelved 109 109 109 109 12 12 Paoe 15
The Mlsflts Theatre Company UK Nolesto the Accounts 7 Other Income Unreslrlcted Total 2024 Total 2023 Mlscellaneous income 395 395 395 395 130 130 8 Expendlture on raislng lunds Unieslrlcled Total 2024 Total 2023 Fundralslng tradlng costs Merchandlse 55 55 55 55 9 Other expenditure Unrbslrltted Reslrlcted Total 2024 Tolal 2023 Freelance and proleci lees Thealre productlon costs Fundra131ng Production, workshop costs and venue hlre 10,908 5,324 1,064 22,646 33,554 5,324 1,064 43,206 5.240 977 17.166 17,166 10.071 Employee costs MotOT and travel costs Premlses costs Amortlsatlon. depreclatlon, impaiiment. prolltlloss on dlsposal ol Ilxed assets General admlnlstrallve costs Legal and professional costs 45,D68 5,860 14,613 18.472 63,540 5,860 14,613 55,013 3.190 8,127 1,154 1.154 917 5.070 2.196 108.423 5,070 2,196 149,541 3,299 1,100 131,140 41,118 10 Net incornel{expendSture) before Iransfers 2024 2023 Thls Is slated alter charolng- Depreclallon ol owned lixed assets 1.154 917 Pa 8 16
The Mlsflts Theatre Company UK Notes to the Accounts 11 Trustee remuneratlon and expenses One or mole ol the trustees has been pald remunerallon In the current or prior periods. The trustees that have been pald were conliacted under sell-employment at rates belleved lo be not mor8 than markel valu6 lor seThlcos speclllc lo theli expertlse In relevant areas requlred by the chaiity. Trustee 2024 2023 K. Caslio Rascon S.P. Sponcor None ol the trustees have been pald any expenses In the current or prlor perlods. 759 3,200 1.044 3,750 12 Staff costs 2024 52,771 1,353 54.124 2023 46,209 582 46,791 Salaries and wages Penslon costs No employee recelved emolum8nls In excess 01 £60,000. The averaoe monthly number ol lull time equlvalent employees durlng the year w38 as lollows: 2024 Number 2023 Number Admlnlstratlon The charlty made payments on a delined contrlbutlon basls towards an employees prlvale penslon durlng the year. 13 Tanglble flxed assets Flxtures, fltllnos and 6qulpment Total Cost or revaluatlon Al 1 Apill 2023 Addlllons At 31 March 2024 Depreclallon and Impalrment At1 Aprll 2023 Depreclatlon charoe for the year Al 31 March 2024 Nel book values At 31 March 2024 Al 31 March 2023 4,587 1.182 5,769 4,587 1,182 5,769 1.139 1,139 1,154 1.154 2,293 2,293 3,476 3,448 3,476 3,448 Page 17
The Mlsflls Theatre Company UK Noteslo the Accounts 14 08btors 2024 2023 Trade debtors Olher debtors Prepayments and accrued Income 3.634 99 1.864 9,493 4,594 14.067 15 Credltors: amounts lalllng due wlthln one year 2024 2023 Other taxes and soclal securlty Accrua Delerred Income 517 5,449 926 6.892 442 900 1.342 Pa e18
The Mlsflls Thealfe Company UK Notes to the Accounts 18 Roconclllatlon of net debt Al31 March 2024 At 1 Aprll 2023 Cash flows Cash and cash equivalents 49.971 49,971 19.892 19,892 69.863 69.863 Nel debt 19.892 69.863 19 Commltmenls Penslon commltm6nts 2024 2023 The penslon cost charoe to th8 company amounted to: 1,353 582 20 Relaled party dlsclosures Conlrollin9 party The Charlty Is contiolled by the Trusiees as a body. Page 20
The Misflts Theatre Company UK Notes to the Accounls 16 Movement In funds Incoming resources Ilncluding At 1 Aprll other 2023 galnsllossesl At31 March 2024 Resources expended Gross translers Reslrlcted funds: Reslrlcted Income funds: Blg Lottery Brlstol Clty Councll Communlty Reslllence Fund Brlstol Impact Fund Nlsbet Trust Quartet Royal Mencap Soclety 15,406 112,9011 2.505 10,561 9,114 9,000 20.518 1.750 11,1821 9.379 2,749 111,8631 11,5001 114,8541 7.500 6,192 1.750 528 Total 3.277 66,349 141.1181 11.1821 27,326 Unrestrlcted funds: General funds 62.887 89,127 1108,4781 1.182 44,718 Total lunds 66.164 155,476 1149,5961 72,044 Purposes afid 188tFlclions In relatlon to the funds: Resiricied funds.. Blo Lollery Brlstol Clty Councll Cornmunily Resilience Fund Brlstol Impact Fund Supportlng a Slraleulc Lead role Nlsbet Trust Expandlng dellvery Quartet Prolecl dellvory Royal Mencap Socieiy To run 10 prop making workshops 17 Analysls of nel assets between lunds To develop a new onllne membefshlp scheme Purchase ol assets U nrestilcted funds Reslrlcled fund5 Total Fixed as5et8 Net current assets 3.476 68,454 71,930 3,476 68,568 72.044 114 Page 19
The Mlsllls Theatre Company UK Delalled Stalemenl of Flnanclal Aciivltles for the year ended 31 Maich 2024 Unrestilcte d funds 2024 Restrlcted funds Toiai funds Toial funds 2024 2024 2023 Income and endowments Irom.. Donallons and legacles Donatlons Donated servlces 3,318 7,962 11.280 3,318 7,962 11,280 14,676 14,676 Charitable actlvltles Workshops, fees and contracts Events and box olllce Gr3nls 54.836 11.198 10.000 76.034 54.836 11,198 76,349 142.383 53,203 6,547 41,535 101,285 66,349 66,349 Other liadlng aclivitles Merchandlse Sub-lettlng ol space 309 1.000 1.309 309 1.000 1.309 Inve8lmenlS Bank Inleresl recelved 109 109 109 109 12 12 Olher MiKellaneous Income 395 395 395 395 130 130 Total Income and endowments 89.127 66,349 155.476 116,103 Expe ndllure on.. Cosls ol other tradlng acllvltles Merchandlse 55 55 55 55 Total ol expendltur& on ralslng lunds 55 55 Other expendlture Freelance and proieci16es Theatre productlon costs Fijndralslng Pioducllon. workshop costs and venue hlre 10,908 5.324 1,064 22,646 33,554 5,324 1,064 43.206 5.240 977 17,166 17,166 10,071 34,462 22.646 57,108 59.494 Employee costs Salarieslwages Penslon costs stall enlertalnment Stall Irainino 34,299 1,353 35 18.472 52,771 1,353 35 46.209 582 740 Page 21
The Mlsflts Theatre Company UK Detalled Statement ot Flnanclal A¢tlvltles Temporary stall 9.381 45.068 9,381 63,540 7,482 55,033 18,472 Motor and travel cost8 Travel and subslstenc8 5,860 5,860 5,860 5.860 3,190 3,190 Premlses cosls Rent Rates Premlses cleanlno Premlses repalrs and malntenance 14.126 293 52 14.126 293 52 8,127 142 142 14.613 14.613 8.127 General adminislralive costs, Includlng depfeclatlon and amorlisalion Depreclallon ol Flxlures, Illtlngs and equlpment Bank chafges Equlpment expensed General Insurances Sollware. IT support and related costs Slatlonery and printlng Subscriptions Sundry expenses Telephone. lax and broadband 1.154 1,154 917 65 220 798 65 220 798 1,166 638 1,215 1,215 316 781 277 1,193 521 6,224 781 277 1,193 521 6,224 661 518 4,216 Legal and prolesslonal costs Audllllndependerbl exarnlnatlon lees Accountancy and bookkeeplng 1.100 2,196 2,196 108,423 108,478 2.196 2,196 149,541 149,596 1.100 131,140 131.140 Total of expendllure of other costs Total expendlture Net galns on investments 41.118 41.118 Nel Incorn&l{expendllure) Transfers between funds 119,3511 25.231 5.880 115.0371 1,182 (1.1821 Nel Incomellexpendllure) belore olher galnslllossesl Olh8r Galns 118,1691 24.049 5,880 115.0371 Net movement In funds 118,1691 24,049 5,880 115.0371 Reconcillalion of funds.. Paoe 22
The Mlsllts Theatre Company UK Detalled Stalemenl ol Flnanclal Acllvltles Total lunds brought forward 62,887 3,277 66,164 81,201 Total funds carrled forward 44,718 27,326 72,044 66,164 Page 23