**Charity registration number 1167642**
## **VAMOS THEATRE CIO**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **VAMOS THEATRE CIO**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|John Plant||
|---|---|---|
||Jaylesh Sanchania||
||Claire Birch||
||A Blank Dr|(Appointed 14 September 2023)|
||N M Clement|(Appointed 14 September 2023)|
||G Brisland|(Appointed 22 February 2024)|
||C N Hall|(Appointed 18 May 2023)|
|**Charity number**|1167642||
|**Principal address**|The Swan Theatre||
||The Moors||
||Worcester||
||WR1 3ED||
|**Independent examiner**|Rowlands Webster|Limited|
||Austin House||
||43 Poole Road||
||Bournemouth||
||Dorset||
||England||
||BH4 9DN||
## **VAMOS THEATRE CIO**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 7|
|Independent examiner's report|8|
|Statement of financial activities|9|
|Balance sheet|10|
|Notes to the financial statements|11 - 17|
## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
VAMOS CIO EXISTS FOR THE PUBLIC BENEFIT, TO PROMOTE AND ADVANCE THE ARTS, IN PARTICULAR THE ART OF MASK THEATRE, BY ENGAGING PEOPLE IN A MEANINGFUL WAY THAT WILL ENHANCE THEIR LIVES THROUGH PERFORMANCES, WORKSHOPS, CONFERENCES AND TRAINING, IN COMMUNITIES LOCALLY, NATIONALLY AND INTERNATIONALLY.
## **Vision, Mission and Values**
## Vision
We believe that full mask theatre taps directly into the power of empathy and encourages awareness of our shared human experiences in an increasingly isolating world. Through partnerships, we tell socially relevant stories, collaborating with a variety of contributors from all walks of life in the creation of engaging and entertaining live theatre that gives a voice to those who are often without one. By promoting the transformative potential of full mask theatre across the globe, educating and campaigning on the importance of empathetic communication, we aim to change the way people see the world.
## Mission
We aim to transform lives through the empathy and connection of full mask theatre.
## Ethos
We believe in the power of empathy, genuine and honest communications, and collaborating with a kind and generous spirit, with respect and consideration.
We strive to break down barriers to activity engage everyone through universal stories, particularly those with fewer opportunities to participate in theatre.
We believe everyone to be equal, so strive to give everyone a voice through participation and within our organisation.
We will take responsibility for the impact we have on our environment and its future.
We believe in the future of high-quality full mask theatre.
Our ethos permeates everything; we are willing to feel uncomfortable to deliver on our ethos.
## _Public benefit_
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Background**
Founded in 2006 (incorporated as a CIO in 2016), Vamos Theatre has established itself as the UK's leading mask theatre company, touring to a network of theatres and venues nationally and internationally with its productions. Led by Artistic Director Rachael Savage, our work does what great art should: changes people’s lives; makes them think, laugh, cry & make sense of who they are in a complex world. We create exceptional, innovative theatre, based on real life stories, complemented by an extensive programme of participation and learning that engages people creatively with full mask theatre and with the powerful issues our work addresses.
A cross-sector approach is fundamental to the Charity’s work, with partnership at the heart of what we do and longestablished relationships with agencies serving disadvantaged groups, including work with: Health and Social Care sectors and non-arts bodies (leading care home providers, the NHS); Education (National Star College, SENSE, Longwill School for the Deaf, University of Worcester); and a range of arts organizations & festivals (Royal Shakespeare Company, Arena Theatre Wolverhampton, Deafinitely Theatre and London International Mime Festival (LIMF)).
The Charity’s approach to diversity and inclusion is proactive, working to increase representation and inclusivity, focusing in particular on disability, cultural diversity and lower socio-economic groups. We set access at the heart of all our work, from the inception of each project to delivery. We consult widely in various relevant areas, such as with Deaf practitioners, People Living With Dementia, terminal illness and learning disabilities, ensuring access through our website, ticket pricing, relaxed performances, working with partners to address barriers to theatre attendance and participation. Our Deaf Ambassador ensures our programmes meet the need of the Deaf community and builds partnerships for the successful delivery on this work. We actively seek to develop the diversity of our team through auditions, talent development opportunities and training Deaf/Hard of Hearing practitioners as actors and workshop leaders.
To date, we have created and toured nine Arts Council England (ACE) funded productions to critical acclaim; developed 12 CPD/training programmes; created high profile youth theatre activities, delivered workshops and residencies nationwide to all ages and abilities; and performed at many festivals and events, including some of the leading venues/festivals in the UK and Europe. Since 2012, our work has reached over 234k people, including over 209k audiences and 25k people through our learning and participation programme. The strength of our educational and participatory work is recognised nationally and internationally.
Vamos Theatre is an Arts Council England (ACE) National Portfolio Organisation (NPO), successfully securing a second term (£203k/year for 2023-27), underpinning our development and allowing our ambitions to become a reality. Our business and operating model is underpinned by a diverse range of project-specific funding (including, in 2023-24: Garfield Weston Foundation, The Elmley Foundation, The Eveson Trust, The Hedley Foundation, Baron Davenport’s Charity, Austin & Hope Pilkington Trust, Pam Britton Trust for Dementia, Co-op Central England Community Fund, Sir Barry Jackson Trust, Birkdale Trust for the Hearing Impaired, Richard Cadbury Trust and Worcestershire County Councilors Divisional Funds) and significant income generated from fees and commissions.
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## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Achievements and performance**
During 2023-24, our activity continued to build and re-establish itself post-Covid, with an increase in delivery across programmes, including work in schools, care homes, with people with learning disabilities and people living with dementia.
Implementation of our Environmental Action Plan continued, following the One Planet Living model to take a holistic approach to our environmental efforts. We undertook training with a Change Consultant to better understand how to have the greatest impact in reducing our impact on the environment and joined regional networks with an environmental remit to share knowledge and best practice.
Vamos Theatre’s work falls into four strands which together ensure a wide range of people engage with the Charity and bring significant return on investment, as summarised below with information on the Charity’s 2023-24 activity and achievements.
## 1. National and International Touring
- UK theatre and arts centre tours
- Researching and making of new artistic productions
In 2023-24 our research and development for a new Vamos Theatre production _Boy on the Roof_ continued; a cocommission with London International Mime Festival and a co-production with The New Wolsey Theatre in Ipswich. Our mantra of “ _Nothing about us without us”_ continued to guide our work, undertaking conversations across communities across the UK, including with young people with ADHD and with an actor with ADHD cast as a lead role in the production. The production premiered in London at MimeLondon in January 2024, before embarking on a 27-date tour across the UK, including in 2 Levelling Up locations (areas designated for Government investment to help grow the economy, create jobs, improve transport, skills training and local business support. ACE refers to these areas as Priority Places for delivery of ACE funded activity) and reaching audiences of 3771. Due to its subject matter and the inclusion of a young character with ADHD, the production was hugely successful in engaging young people and schools groups (22 groups watched the performance at a theatre), as well as continuing to engage D/deaf and Hard of Hearing people through an accessible non-verbal artform. The production was also filmed and released online, enabling further audience reach and engagement, including 24 schools. Critical acclaim included 5 star reviews and an OffComm (Offies Commendation) Award 2024.
_“A poignant exploration of loneliness, connection and friendship.”_ Oliver Jones, The Stage
_“Touching, funny, poignant, clever, insightful and technically flawless - this is a must-see show for anyone who enjoys theatre at its best.”_ Suzanne Hawkes, British Theatre Guide
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## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## 2. Learning and Participation
- Children and young people, including Schools & College workshops
- Work in the community and with target groups including Deaf young people and Care Experienced Children
- · Training - Universities, Professional Artists and Practitioners and Teacher Training
- Special one-off projects and other residencies
Our work in schools increased significantly in 2023-24, demonstrating increased demand post-Covid, with 195 sessions being delivered to 3395 people, training 7 additional practitioners to help meet demand. Our digital learning resource Mask:ED grew its reach, including being used by schools in 14 Levelling Up locations and inclusion on the world renowned Digital Theare+ platform enabled us to reach over 1900 people across 49 countries, including the UK, USA, Vietnam, South Korea, Mexico, Nigeria, Brazil and across Europe. Our free Mask-set Library was booked throughout the year, reaching an estimated 1592 children in UK state schools. 79 teachers participated in CPD/Inset sessions, taking skills in mask-theatre back to the classroom.
We continued to invest in development of our work with and for Deaf people, including working with and training Deaf practitioners in full-mask theatre to deliver workshops with students at Braidwood School for the Deaf in partnership with Birmingham Rep. The core staff team also undertook initial training in BSL and we worked with Deaf Consultants in the rehearsal room for our production _Boy on the Roof,_ enabling non-verbal full-mask theatre to communicate as clearly as possible to Deaf and Hard of Hearing audiences.
Commissioned by Staffordshire Virtual Schools, we made a film and accompanying resource pack with Care Experienced Young People, with _Misunderstood_ winning the Staffordshire County Council Internal Award for Innovation and an endorsement by the Children’s Commissioner for England, Rachel De Souza. This led to further project development with Virtual Schools Walsall, for delivery in 2024-25.
We continued to develop our Emerging Artists programme, investing in the development of young talented artists, 57% of whom had protected characteristics (including Global Majority and Neurodivergent people). To date, the programme has seen us engage a total of 6 artists from the 2022-2024 cohorts, for a total of 86 days of paid work, including as a Stage Manager for Boy on the Roof, as actors, a choreographer and as Learning & Participation practitioners. We delivered 7 days of professional development for established artist masterclasses, including participants from Hong Kong to Germany. This element of our work seeks to improve access to training in full-mask theatre and support the future of full-mask theatre through a skilled and diverse future workforce.
- 4 -
## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## 3. Health, Wellbeing and Social Care
- Touring shows for residential homes and other care settings
- Work with health sector and social care agencies (e.g. training for care workers)
- Conferences and sector events
- Work in the community and with target groups (e.g. learning difficulties, elderly)
Our profile and track-record in Arts in Health work continued to grow, with Artistic Director Rachael Savage being invited by Ian Sheriff, Chair of the PM’s Rural Dementia Task and Finish Group, to an All-Party Parliamentary Group in Westminster. Our Arts in Health work also featured as part of a feature in The Guardian on bringing the joy of theatre to people living with dementia.
We were able to work directly inside care homes for the first time post-Covid, presenting 25 performances of our production for people living with dementia _Sharing Joy a_ cross the UK, including 6 Levelling Up locations. We reached 560 people who are all too often excluded from the arts, enabling them to participate in a setting where they felt safe, comfortable and could be supported by familiar carers. 92% of carers reported that the residents were engaged and 94% that they were happier and more content following the performance.
_“It was like opening a box full of memories.”_
Toni, 86
_“Residents were very alert, happy and engaged throughout. So many hearts were touched.”_ Care-home Carer
Our work with local people with learning disabilities continued, through our community theatre company Vamos Central and extension of our programme to reach young people with learning disabilities aged 14-18. Activity throughout the year enabled our members to connect with other people with learning disabilities through other local groups, as well as a performance for friends and family. We invested in the development and training of new staff to help deliver this key area of work. Programme evaluation demonstrated improvements in confidence and communication skills amongst participants.
_“The mask helps Laura to feel free to express herself without worrying about what others think. She's learning to communicate without words and has to rely on body language to get her point across… She has formed strong bonds with the other members of the group. Laura feels accepted and included at Vamos Central.”_ Participant’s parent.
Our interactive event for people with sensory issues, dementia, learning disabilities and/or autism, _Mischief_ ! toured to 7 settings and reached 313 participants, including people with complex needs. Part performance, part workshop and part celebration, _Mischief!_ enables everyone to play, interact and immerse themselves, increasing laughter and well-being. This project is being developed with residential care-home provider Primelife, to form part of a new training model for staff and help drive culture-change. _“Inspirational, hilarious, mesmerising”_ Val 58yrs, brain injury client, Headway.
Delivery of our non-verbal communication workshop _Listening With Your Eyes_ continued including the development of a 3-year project with West Berkshire Council and Newbury Corn Exchange, to train all care home staff in the region as part of their Ageing Creatively programme. We undertook initial research around how to adapt this successful training programme to a digital version, to enable us to widen our reach in the future.
_“Amazingly creative, energetic and engaging. Breaks down barriers and gives inspiration for us in our home.”_ Care Home Activities Co-ordinator
_“Vamos training goes the extra mile in dementia training and should be essential for all front facing teams_ ” Josefa Hunter MacKinnon, RSC Access and Inclusion
- 5 -
## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## 4. Walkabout Theatre
- Festivals
- High Street, shopping centres and town centres
- Special events and celebrations (e.g. National Nursing Week)
- Corporate events - conferences etc.
Our _Walkabout_ programme continued to revive post-Covid, with performances at a range of public, community events and street festivals as well as specialist events including the UK Dementia Congress and Black Country Women’s Aid Awards. 14 bookings reached approximately 13k audience members, including in 4 Levelling Up locations, enabling us to reach audiences who may not normally attend theatre in more traditional settings.
## **Financial review**
Our Reserves Policy seeks to ensure we are a resilient theatre company with a secure financial future. We allocate any unspent money within the organisation to 3 different types of reserves fund: Restricted, Unrestricted and Designated. This allows us to draw on the reserves in times of emergency (including meeting any liabilities in the case of closing the CIO), to take advantage of unexpected opportunities, to help manage cashflow, and to budget for future projects. Funds are earmarked as part of our annual budgeting and our Reserves Policy is reviewed annually.
Of the Members' Funds detailed to carry forward into 2024-25 of £152,449: £37,500 is designated funds for artistic R&D, capacity building and staff training investment during 2024-25. Further, the Trustees have agreed to designate funds of £60,000 in case of wind-down costs, leaving unrestricted free reserves (including assets) of £54,949 at 31 March 2024.
## **Structure, governance and management**
Vamos Theatre CIO is a constituted as a Charitable Incorporated Organisation.
## **Organisation and Staffing**
We operate with a compact core staff with strong leadership from the Artistic Director, Executive Producer & Creative Producer forming the Senior Management Team. Other core staff includes: Marketing Officer, Head of Communications, Administrators (x 2, job-share), supported by a freelance Healthcare Connector and PR. Based at The Swan Theatre in Worcester. Systems and guidance are in place to support working from home, with staff working an average of 25% of hours from home in line with our environmental policy. We continued to invest in the services of an external fundraiser to increase capacity and to aid skills development within the core team, responding to recent challenges in fundraising on the back of Covid-19 and the continued cost-of-living crisis. Funds were received from a range of funders, including six Trusts/Foundations who had not funded Vamos Theatre CIO before.
Four new Trustees were appointed to the Board, continuing to support the organisation’s development and operation through a wide range of professional expertise, meeting at least quarterly. There were two resignations within the year, with an Interim Chair appointed until the next AGM in September. We regularly undertake Board development, which recently included attendance at environmental training and gender-awareness training alongside the core staff. A Board away-day is scheduled for later in 2024. Trustees continued to work closely with senior staff regularly monitor activity to ensure the Charity meets its aims. We carry out a review of effectiveness and the diversity and skills of Trustees annually. Our Board is diverse, with 14% of Trustees of Global Majority heritage, 14% neurodivergent and 71% female.
- 6 -
## **VAMOS THEATRE CIO**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees who served during the year and up to the date of signature of the financial statements were: Penny Mayes (Resigned 23 February 2024) John Plant Jaylesh Sanchania Michael Addison (Resigned 22 February 2024) Claire Birch A Blank Dr (Appointed 14 September 2023) N M Clement (Appointed 14 September 2023) G Brisland (Appointed 22 February 2024) C N Hall (Appointed 18 May 2023)
## _Recruitment and appointment of trustees_
None of the trustees has any beneficial interest in the company.
The trustees' report was approved by the Board of Trustees.
G Brisland
## **Trustee**
26 September 2024
- 7 -
## **VAMOS THEATRE CIO**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VAMOS THEATRE CIO**
I report to the trustees on my examination of the financial statements of Vamos Theatre CIO (the charity) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Accounting Technicians, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Rowlands Webster Limited**
Austin House 43 Poole Road Bournemouth Dorset BH4 9DN England
Dated: 26 September 2024
- 8 -
## **VAMOS THEATRE CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
||**Notes**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|**2**|270,180|230,484|
|Charitable activities|**3**|116,541|41,501|
|Other income|**4**|48,547|3|
|**Total income**||435,268|271,988|
|**Expenditure on:**||||
|Charitable activities|**5**|443,657|310,356|
|**Total expenditure**||443,657|310,356|
|**Net expenditure and movement in funds**||(8,407)|(38,368)|
|**Reconciliation of funds:**||||
|Fund balances at 1 April 2023||160,856|199,224|
|**Fund balances at 31 March 2024**||152,449|160,856|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 9 -
## **VAMOS THEATRE CIO**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Intangible assets
**10**
Tangible assets
**11**
**Current assets**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds
Designated funds:
Artistic R&D, capacity building, staff training
Winding down cost (if ever needed)
**16**
General unrestricted funds|**2024**
**£**
3,561
64,659
107,109
175,328
(26,235)
37,500
60,000
97,500
56,065|**£**
-
3,356
3,356
149,093
152,449
152,449
152,449|**2023**
**£**
960
16,676
170,129
187,765
(35,516)
85,000
57,000
97,500
63,356|**£**
4,133
4,474|
|---|---|---|---|---|
|||||8,607
152,249|
|||||160,856|
|||||160,856|
|||||160,856|
The financial statements were approved by the Trustees on 26 September 2024
G Brisland **Trustee**
- 10 -
## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
Vamos Theatre CIO is a Charitable Incorporated Organisation
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
- 11 -
## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Intangible fixed assets other than goodwill**
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software 'Protouree' 20% on cost
## **1.7 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 25% Reducing balance Motor vehicles 25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|Grants|260,794|230,484|
|Legecy|9,386|-|
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## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **3 Income from charitable activities**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Sale of services|116,541|41,501|
|**4**|**Other income**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Other income|48,547|3|
|**5**|**Expenditure on charitable activities**|||
|||**2024**|**2023**|
|||**£**|**£**|
||**Direct costs**|||
||Staff costs|175,209|171,305|
||Depreciation and impairment|5,251|7,691|
||Programme delivery|263,215|131,360|
|||443,675|310,356|
||**Analysis by fund**|||
||Unrestricted funds|443,675|310,356|
|**6**|**Net movement in funds**|**2024**|**2023**|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|1,118|1,491|
||Amortisation of intangible assets|4,133|6,200|
- 13 -
## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **8 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries|**2024**
**Number**
7
**2024**
**£**
175,209|**2023**
**Number**
7|
|---|---|---|
|||**2023**
**£**
171,305|
There were no employees whose annual remuneration was more than £60,000.
## **9 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **10 Intangible fixed assets**
||**Software**|
|---|---|
||**'Protouree'**|
||**£**|
|**Cost**||
|At 1 April 2023 and 31 March 2024|31,000|
|**Amortisation and impairment**||
|At 1 April 2023|26,867|
|Amortisation charged for the year|4,133|
|At 31 March 2024|31,000|
|**Carrying amount**||
|At 31 March 2024|-|
|At 31 March 2023|4,133|
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## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**11**
**Tangible fixed assets**
**Computers**
**£**
**Cost**
At 1 April 2023
460
At 31 March 2024
460
**Depreciation and impairment**
At 1 April 2023
460
Depreciation charged in the year
At 31 March 2024
460
**Carrying amount**
At 31 March 2024
-
At 31 March 2023
-
**12**
**Stocks**
Finished goods and goods for resale
**13**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Corporation tax recoverable
Prepayments and accrued income
**Amounts falling due after more than one year:**
Prepayments and accrued income
**Total debtors**|**Motor**
**vehicles**
**£**
25,136
25,136
20,662
1,118
21,780
3,356
4,474
**2024**
**£**
3,561
**2024**
**£**
19,398
41,600
-
60,998
**2024**
**£**
3,661
64,659|**Total**
**£**
25,596|
|---|---|---|
|||25,596|
|||20,122
1,118|
|||22,240|
|||3,356|
|||4,474|
|||**2023**
**£**
960|
|||**2023**
**£**
11,420
-
5,256|
|||16,676|
|||**2023**
**£**
-|
|||16,676|
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## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**14**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**15**
Trade creditors
Other creditors
Accruals and deferred income
**15**
**Deferred income**
Arising from Grants and prepaid events
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024|**2024**
**£**
909
16,829
-
260
8,237
26,235
**2024**
**£**
16,829
**2024**
**£**
16,829
23,887
16,829
(23,887)
16,829|**2023**
**£**
1,932
23,887
5,543
370
3,784|
|---|---|---|
|||35,516|
|||**2023**
**£**
23,887|
|||**2023**
**£**
23,887|
|||-
-
23,887|
|||23,887|
## **16 Unrestricted funds**
||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|---|---|---|---|---|---|
||**2023**|**resources**|**expended**||**2024**|
||**£**|**£**|**£**|**£**|**£**|
|Artistc, R&D, capacity building,||||||
|staff training|37,500|-|-|-|37,500|
|Winding down costs (if ever||||||
|needed)|60,000|-|-|-|60,000|
|General funds|63,356|435,268|(443,675)|-|54,949|
||160,856|435,268|(443,675)|-|152,449|
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## **VAMOS THEATRE CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**16**|**Unrestricted funds**|||||**(Continued)**|
|---|---|---|---|---|---|---|
||**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**|
|||**2022**|**resources**|**expended**||**2023**|
|||**£**|**£**|**£**|**£**|**£**|
||Artistc, R&D, capacity building,||||||
||staff training|85,000|-|-|(47,500)|37,500|
||Winding down costs (if ever||||||
||needed)|57,000|-|-|3,000|60,000|
||General funds|57,224|271,988|(310,356)|44,500|63,356|
|||199,224|271,988|(310,356)|-|160,856|
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
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