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 D￿AlLs
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 Impro￿nU 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