Charity Registration Number: 1178239
Highly Sprung Performance company Trustees’ report and financial statements For the year ended 30 April 2022
Highly Sprung Performance Company (A charitable incorporated organisation)
Contents
| Page | |
|---|---|
| Reference and administrative details of the CIO, its Trustees and advisers | 1 |
| Trustees’ report |
2 – 12 |
| Independent examiner’s report |
13 |
| Statement of financial activities |
14 |
| Balance sheet |
15 |
| Notes to the financial statements |
16 - 30 |
Highly Sprung Performance Company (A charitable incorporated organisation)
Reference and administrative details of the CIO, its Trustees and advisers For the period ended 30 April 2022
| Trustees | C Singleton, Chair | |
|---|---|---|
| A Campbell | ||
| J Trowsdale | ||
| A Carroll | ||
| P Willetts | ||
| S Godley | appointed 3 September 2021 | |
| Charity registered number | 1178239 | |
| Principal address | Unit 4 Sandy Lane Business Park | |
| Sandy Lane | ||
| Coventry | ||
| CV1 4DQ | ||
| Senior Management Team | M Worth, Artistic Director | |
| S Worth, Executive Director | ||
| Accountants | Integritax Accountants Ltd | |
| 68 Yardley Road | ||
| Acocks Green | ||
| Birmingham | ||
| B27 6LG |
Page 1
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees For the period ended 30 April 2022
The trustees are pleased to present their annual report together with the consolidated financial statements of the charity, for the year ending 30 April 2022.
Chair’s Report
2021-2022 has been a year of intense activity and, at the same time, reflection for the charity. We were fortunate to benefit from on-going recovery funding from the Arts Council England which helped us to navigate the choppy waters of the immediate post-covid period and gave us space to consider the future.
There were many highlights in the year, but I would like to celebrate more particularly the launching of new outdoor performance, CastAway which was premiered in Coventry during the Coventry City of Culture year. It has since toured successfully and is a welcome return to public open-air performances with a strong message and great artistic values after the enforced break of the previous two years. Another key moment in the Highly Sprung year is the Physical Fellowship which, for the first time this year, was produced by the Coventry Young Producers Collective, a group of young people from Coventry schools who benefited from guidance and support from professionals within and outside the Highly Sprung team and who discovered the world of theatre production and the many jobs involved beyond being on stage.
Although work in schools has been slow to restart with schools concentrating on catching up for the loss of academic learning during the pandemic, we had cause to celebrate with Ready Box Set Go receiving an award from Teach Primary and being short listed by Teach Secondary. Participation in the Physical Fellowship involved 7 schools and 270 young people who were able to perform their original pieces on the theme of climate change in front a live audience at the Belgrade Theatre. We look forward to building on these successes so that more children and young people can benefit from the life changing experience that physical theatre can provide.
Although it can be seen as less glamourous, much important work was done to re-enforce our governance through the board evaluation carried out in May/June 2021, the appointment of a new trustee and in-depth work on our policies and procedures. We were supported in this process by our secretary who undertook the diploma course with ICSA (and subsequently qualified with a distinction).
The National Portfolio Application process was launched the Arts Council England early in 2022 and the board and the executive team devoted time and energy to prepare our application and to use the process as a tool to shape our strategy and to review and improve the way in which we operate. At the time of writing this report, we know that our application did not succeed in what was an exceptionally competitive round of applications. We are, naturally, disappointed but absolutely determined that Highly Sprung Performance will continue to deliver amazing and life changing experiences to children, young people, and audiences
None of what has been achieved would be possible without the team at Highly Sprung from the Directors, office team and artists to freelancers whom we are privileged to work with. All their contributions are valued by the Board, and I would like to take this opportunity to thank them. Thank you also to our funders and partners who enable us to develop and carry out our work. Last but not least, thank you to all our audiences for whom our work comes alive.
Page 2
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Our Purposes and Activities
The objects of the CIO are:
For the public benefit, to promote, improve and advance education in, and appreciation of, the arts of dance, drama, and physical performance in particular but not exclusively among children and young people through the facilitation and management of educational workshops, participatory arts projects, group work, residencies, and events.
Highly Sprung is the UK’s leading physical theatre company placing an emphasis on work for and with children and young people.
Our work is playful and inventive, but also unashamedly provocative and poignant. We take theatre beyond words, creating award-winning outdoor and indoor performances that tell stories of our histories and our futures primarily through movement, gesture, and dance. Stories inspired by humanity, science, and the complex world around us. Stories inspired by young people.
We put young people at the heart of our work in ways no other company does. We know that every young person, regardless of their starting point, has great potential and is able to use their body as a creative tool. Through a genuinely open creative process, using our own physical theatre techniques, we empower every young person to explore how their body can be used to develop their own unique performing style.
This way of working drives our ideas too. Every piece we make is original and devised by our young people, together with our core team of artists and writers. We might take a theme, story, or a text, and give the whole company creative responsibility for where we go with it. This way of working breaks down barriers, gives equal weight to everyone’s unique contribution, and results in extraordinary creativity.
We’re also talent developers, believing passionately that everyone has an innate ability to perform. We have developed the UK’s only Physical Theatre Fellowship programme for emerging artists. We also run weekly performance workshops for children and young people, and countless projects in primary and secondary schools across the UK and internationally.
“Highly Sprung’s work makes you think; makes you feel; makes you feel alive.”
The vision that shapes our annual activities is focussed on the use of the arts, predominantly physical arts, including dance, drama, and movement, to improve the lives and education of children and young people and often the wider community. We continue to increase appreciation of the arts through a varied and accessible programme of touring performances, education and participatory projects working with a range of partners and collaborators.
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including guidance on public benefit and fee charging. Highly Sprung relies on public funding, private giving and income from fees and charges to cover all operating costs. In setting the level of fees, charges and concessions, the trustees give careful consideration to the accessibility of the charity’s activities, especially for children and young people in areas of deprivation.
Page 3
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
The strategies employed to achieve the charity’s aims and objectives are:
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Accessible performance- Creating work developed to meet the needs of our audiences, exploring themes that provoke engagement and using a physical language that is universal and affecting.
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Talent development- Engaging young people in projects that increase employability and confidence.
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Unique Educational Experiences- Developing an education offer that exploits or experience and success in using embodied learning to engage learners. Providing more workshops to a wider number of schools, developing specific school projects that celebrate aspects of curriculum learning, providing teacher training to share the success of embodied learning and creativity as part of classroom practice.
These strategies are delivered through a varied programme of work which includes: the creation of new performance work engaging audiences in topics as varied as science and the environment. Delivering bespoke workshops, residencies, and education projects in schools regionally, nationally, and internationally. Working with exceptional partners to increase the impact and scope of our work, ensuring that we reach children and young people in the most deprived areas, especially in and around Coventry.
Performance Work:
We have a diverse approach to creating performance work, with a focus on ensuring it reaches the widest possible audiences. Through a combination of touring to indoor arts venues and outdoor festivals and events, we take our brand of physical performance to established and new audiences. All our performance work explores relevant and current social and global issues, with the aim to engage audiences in debate and provide education through entertaining and visual spectacle. Often performance is the central focus of our education projects, giving children and young people opportunities to create their own performance work or see work to inspire learning.
Education- Workshops, Residencies and Projects:
Working across all age ranges, our education work uses physical and embodied approaches to learning to inspire children and young people. Highly Sprung regularly delivers tailored physical performance workshops, projects and residencies to schools and communities across the UK and at times internationally.
Working with children and young people is at our core, all our work is produced to inspire learning, develop skills, and engage participants to inspire ambition and raise aspirations.
Our learning programme covers a huge variety of topics and curriculum-based subjects, developing physical performance and promoting collaborative working as key skills. We work with children from age 4 in nursery settings through to students studying in higher education at post-degree level. We also deliver CPD to educators, teachers, and youth leaders.
Page 4
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Partner Projects:
Working collaboratively is vital to the success of Highly Sprung. Often education projects rely on the investment or in-kind support from partners to achieve the exceptional experiences we offer to the children and young people we engage with. Highly Sprung strives to develop sustainable and constructive partnerships that promote the longevity of our work. Ongoing partnerships with the University of Warwick, Coventry University, Culture Coventry, and The Belgrade Theatre benefit our work through access to outstanding facilities and expert involvement in the development and delivery of our projects. We also work collaboratively to develop and deliver projects with other arts organisations and venues across the year, enabling us to deliver our work more widely whilst investing in the development of our artistic values.
Sprung Youth:
Sprung Youth is a performance group for children and young people aged 4-21, based in Coventry. Sprung Youth offers a new approach to the more traditional styles of performing and performing arts classes through weekly workshops using physical theatre, to develop imagination, promote creativity and inspire enjoyment. Combining drama, speech, and movement to produce a very physical approach to theatre making, Sprung Youth takes participants on a creative journey, giving them the time and space to develop their own voice in a supportive and encouraging environment. Accessibility to this activity is a key concern and is reflected in our pricing structure to encourage and enable participation across disadvantaged groups.
Our Artistic Values:
Our commitment to striving for excellence is embedded into the development of our work. We invest in training our artists to sustain and develop the quality of the team who deliver the programme. Physical performance is a medium through which we have seen universal engagement from young people, as an activity and art form which is exciting and challenging for them. It increases their ability to communicate and express themselves and opens up a way of better understanding the world in which they live. We work to ensure that levels of enquiry and participation in our programme are serious and rigorous, offering young people an authentic experience which reflects the professional practice of the arts sector. Our work advocates best practice using physical performance to communicate the significance of the use and impact of the arts with young people.
Our work recognises the diversity of contemporary England choosing to engage audiences and participants in relevant themes that connect with current issues. It is always a priority to ensure that our work is presented in ways which welcome audiences from all communities, and we select platforms for our work which reflect our commitment to diversity.
We have a rigorous approach to evaluation, investing in the delivery of external evaluation for some of our more extensive performance or participatory projects. Key staff also undertake training with outside specialists to ensure our evaluation is effective.
Page 5
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Achievements and Performance:
The Covid-19 pandemic represented a challenge, unprecedented in modern times. The arts sector, in which Highly Sprung operates, was severely affected and normal activity was significantly disrupted in the previous two years. Its impact continued to be felt in 2021-2022. Although restrictions were lifted and live performances resumed, there were still restrictions at the beginning of the year in respect of access to schools and even after these were lifted, schools concentrated their resources on academic priorities. This has meant a slow re-start to our activities in schools especially in the primary sector.
Our team has continued to show resilience and adaptability and we were delighted to welcome two Kickstart apprentices for a period of 6 months, who settled rapidly into the team and helped us to achieve our objectives. We take pride in encouraging our team members to acquire new skills or develop existing ones. This year, this has included ED&I training for all the team, the ICSA diploma course for our Secretary, training on our accounting software and environmental responsibility training to measure our carbon footprint.
We settled into our new home at Daimler Powerhouse and have returned to working and meeting in person much of the time.
Governance
Following our board evaluation at the beginning of the year, we went out to a specialist agency to help us recruit new trustees with a view to improving the diversity of the board and filling identified skills gaps. We were delighted to welcome Sandra Godley as a new trustee in September 2021. We worked on our procedures and policies and, as a result, the board approved a formalised scheme of delegation as well as new conflict of interest policy and complaints procedure. At our board meetings, we included regular training sessions on governance lead by our Secretary. We have also focused on equity diversity and Inclusion and formulated our ED& I vision and action plan. As part of this focus, we signed up to the More Than a Moment pledge and ArtsWork’s anti-discrimination charter.
Accessible Performance-
CastAway was premiered in Coventry as part of the official opening celebrations for Daimler Powerhouse. Before that, we were privileged to share an extract with the King (then HRH the Prince of Wales) when he came to visit Coventry. The final version was created with from input from the Coventry Young Producers Collective which helped us shape and improve our performance. Since its premiere, CastAway has been performed at 14 events and festivals, and received extremely positive feedback from audiences and from a peer review. The new gyroscopic flying rig which was designed and built for this performance has captivated audiences.
Freya The Flying Goddess was created for the Furness Yule at Barrow in Furness. It was performed using the gyroscopic flying machine created for CastAway and told the story of the Goddess Freya and how she and Odin came to rule the kingdom before ruling over Valhalla.
Urban Astronaut resumed touring after the Covid interruption with a new team of performers complementing our more experienced crew.
Page 6
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Physical Fellowship returned to the Belgrade Theatre for one week this year. 270 young people from 7 schools and Sprung Youth participated in this project. Lead by our artists, each group created a performance piece on the theme of “Changing Climates”. During the week-long festival, participants were involved in workshops lead by artists from companies such as Moth Physical Theatre and Complicite and performed their pieces in front of a live audience. Each performance was concluded by our Sprung Advance group performing their own piece on the same theme. This year, for the first time, the festival was entirely produced by the Coventry Young Producers Collective.
Coventry Station Community Day this was an event we produced in association with Heart of England Community Rail Partnership, Avanti West Coast and Coventry City Council. It was originally scheduled to take place during the 2021-2022 year but was delayed so that it took place in early May 2022. The celebration of Coventry station included an original performance created by Highly Sprung and involving 200 children from local schools. The event across a whole day including activities and performances by local artists and groups was very well attended and received enthusiastic feedback. It has been awarded “best community engagement project” at the Community Rail Partnership awards in October 2022.
Unique Educational Experiences-
School residency at Barr’s Hill We have been appointed artists in residence at Barr’s Hill school where our role is to support a culture change in the school, using performance to build confidence and connectedness.
Transmission- The Next Variant , a new version of the Transmission performance was created for the Resonate Festival. Coventry University and the University of Warwick collaborated with Highly Sprung to take their innovative science arts performance investigating the science of COVID-19. This dancing lecture provided information to audiences to better understand what COVID 19 and the progress that has been made since the introduction of the vaccine.
Page 7
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Ready Box-Set Go received an award from Teach Primary and was short listed by Teach Secondary. It was developed as a digital resource for schools as an opportunity to readdress cultural inequality for young people experiencing disadvantage, providing opportunities to experience the arts and increase their confidence and wellbeing using cultural activity. The project provides accessible routes to cultural activity where many parents, group facilitators and even teachers lack the expertise and resources to deliver these opportunities for young people.
Ready Boxset Go engaged skilled physical performance practitioners from Highly Sprung to develop an engaging online learning programme and resource, providing children with the opportunities and activities to engage in activity that connects them with issues that shape the world and equip them with the knowledge, skills, and confidence they need to use culture and creativity to improve their wellbeing and invest in their understanding of global citizenship. The programme’s activity positions young people as the catalysts for change.
Highly Sprung produced five programmes of digital activity and the resources to support this. These included:
New Book for the Emperor encouraging the development of imagination and creativity for children aged 4-7, asking children to fill the emperor’s book with imaginative stories.
Arty’s Broken Heart is for children aged 7-11providing an investigation to better understand their heart and how to maintain its health.
Hidden in Plain Sight for children aged 9-13 exploring the incredible story of William and Ellen Craft’s escape from slavery, looking at black history and examining racism in the past and present.
Urban Astronaut for ages 11-16, with a focus on the climate crisis and the role we can all play in making positive change in our environment.
Fallout for ages 14+ highlighting mental health issues, the teenage brain and how to identify when someone might need help and where to find it.
We continue to work to make this set of resources more widely available to schools.
Page 8
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Talent Development-
Coventry Young Producers Collective for the first time this year, a group of 24 young people from 5 different Coventry schools came together to learn and experience all of the roles involved in the production of a theatre festival. They received input and mentoring from our directors and from other professionals from the world of theatre. Their job was to produce the Physical Fellowship festival: a task they accomplished with great professionalism and success.
Sprung Youth. Following the end of the lockdowns, Highly Sprung resumed in person sessions for young people in the studio at Daimler Powerhouse. These sessions were well attended and still provide a safe space for young people to explore their reactions to challenging circumstances and events.
Holiday activities as part of the government’s Holiday and Food Activity Programme, Highly Sprung delivered two weeklong activities, one at Easter and one in the Summer. Providing children and young people aged 7-16 with physical theatre activities and access to free food.
Continued delivery of year two of the two year Teach Make project funded by the Paul Hamlyn Foundation is a collaborative project between teachers, ‘imagineers’ (artists, makers, engineers) and educational researchers. Two teachers from each of the 7 participating schools developed a ‘scheme of work’ (SoW) for their year 3 /4 or 5 classes with the support of teachers from other schools, imagineers and educational researchers. These SoW integrated arts, engineering, and other subject areas in order to promote children’s learning in new, vibrant, and engaging ways. As schools begin to have greater freedoms to redesign their curriculum, this project has been about developing and evaluating ways to enhance pupils’ educational experience.
CCEP, Sarah was appointed as chair of Coventry’s Educational Partnership, where she will support the delivery of CCEP’s strategy where every child and young person in Coventry has the opportunity to experience cultural learning activities that enable them to flourish, thrive and be optimistic about their futures. Creating more opportunities for Coventry’s learning and cultural sectors to work together, improve the quality of activity and extend the reach and impact of cultural learning for all children and young people.
Financial Review and Pricing Policy:
The company is funded through various streams of income giving resilience against relying heavily on one income source. Representation of income streams is as follows:
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Earned Income 44%
-
Public funding 56%
Our current business model is designed to be financially sustainable, drawing from a range of income streams and working in a market where our offer is unique and the audience wide and varied. We have shown an ability to adapt to economic changes, finding new ways to fund and increase our revenue during the recent economic downturn. By engaging new partners, more schools, seizing opportunities for new funding streams and project tenders and diversifying our offer we have not only maintained a good level of delivery but improved and increased it.
Our pricing policy is designed to ensure we are meeting our objective of reaching the widest possible audiences. We work closely with partners to maintain cost-effective and reasonable project costs and keep costs to participants to a minimum. Funding is sought to support projects fully with no cost to participants or to put in place considerable subsidies for access to the work.
All our professional fees are based on rates of pay as set by industry standards (ITC).
Page 9
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Reserves Policy:
Unrestricted funds should be a minimum of eight weeks of operating costs (£57,319). From 2021– 2026 unrestricted funds will build towards three months’ operating costs.
Plans for Future Periods:
Our focus over the next few years will continue to be on the development of children and young people through the delivery of a unique cultural programme that receives positive endorsement from both partners and participants. Increasing participation and engagement to provide financial resilience across each year, with regular funding from a range of sources. Where cultural partners recognise the value in establishing relationships and commissioning work with us. We are especially focussed on finding routes to engaging partners and participants from disadvantaged and diverse backgrounds and ensuring our work is effective, relevant, and able to sustain these new stakeholders. We will develop the capacity to sustain the growth of our cultural programme.
Appointment of trustees:
As set out in our constitution after the appointment of charity trustees every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
Trustees are selected following a fair and transparent recruitment process which seeks to reach underrepresented communities, and which is aimed at ensuring that the board of trustees has a broad range of skills and viewpoints necessary for the proper running of the Charity.
Trustee induction and training:
Any new charity trustees will undergo a board induction day to brief them on their legal obligations under charity laws, the Charity Commission guidance on public benefit, the charity constitution, the committee and the decision-making process, the business plan and recent financial performance of the charity. During the induction day the new trustee will have the opportunity to meet Highly Sprung’s staff and other trustees. All trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Trustees are also asked to attend board away days where appropriate to participate in the development of the charity’s objectives.
Organisation:
The board of trustees, which can have up to 8 members, administers the charity. The board meets termly and coordinates interim calls or additional meetings were deemed necessary. The working groups covering executive performance and remuneration and ED&I. There is a trustee with specific responsibility for safeguarding. There are plans to appoint an honorary treasurer. An Executive Director is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations the Executive Director has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment, artistic performance, and administrational activity.
Page 10
Highly Sprung Performance Company (A charitable incorporated organisation)
Report of the trustees (continued) For the period ended 30 April 2022
Risk Management: -
FUNDING RISKS
i) Projects do not secure funding. Mitigation: Our Projects are developed to be attractive to trusts & foundations, working alongside fund raisers Mogan & Mogan. A new advocacy plan delivered as part of an organisational plan looks to secure new champions to lead to new sources of funding, diversifying our funding portfolio. Venues, research & education partners have already been secured.
OPERATIONAL RISKS
i) Loss of key staff Mitigation: Constant development of team/pool of artists- ensuring capacity & adequate level of skill is in place for project delivery. Can access the pool of 14 artists for a range of activity delivery. Can adjust the timescale of projects.
Recruitment- to ensure hand over of roles & ensure our systems are accessible.
ii) IT Failure Mitigation: All software & data is held in cloud-based SaaS formats. This will remove the single-pointof-failure risk. We maintain industry standard back-ups.
STRATEGIC RISKS
i) Participation & income falls below projections ii) Partner venues withdraw commitment
Mitigation: Identifying partner venues where there is an engaged marketing department, an existing audience base for this age group & the desire for further engagement is recognised. We work closely with partners to build & maintain engagement & implement an audience development & marketing strategy. Partner venues are already secured.
QUALITY RISKS
i) Artistic quality of project is not achieved Mitigation: The creative team associated with the company will be experienced & come with high level of skill. The directors communicate the company mission & vision to all artists & partners we work with. We will ensure adequate preparation for production is in place before creation begins. The company will involve outside practitioners to critique productions as part of our development process. Artist Lab means we continually develop artistic quality. Past projects have been very well received.
Page 11
Highly Sprung Performance Company (A charitable incorporated organisation)
Independent examiner’s report For the period ended 30 April 2022
I report on the accounts of Highly Sprung Performance Company for the year ended 30 April 2022, which are set out on pages 14 to 30.
Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report
The charity's Trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under the Charities Act 2011. s 144(2) (the Charities Act 2011) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under s. 145 of the 2011 Act;
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follow the procedure laid down in the general Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act and;
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state whether particular matters have come to my attention
Basis of Independent Examiner's Statement and scope of work undertaken
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review if the accounting records kept by the charity and a comparison to the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with s. 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act.
have not been met, or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Adnan Khalid Chartered Certified Accountant Integritax Accountants Ltd 68 Yardley Road Acocks Green Birmingham B27 6LG
Page 13
Highly Sprung Performance Company (A charitable incorporated organisation)
Statement of Financial Activities For the period ended 30 April 2022
| Note Income from: Donations and Legacies 3 Charitable Activities 4 Other Trading Activities 5 Investments 6 Total income Expenditure on: Charitable activities 7 Total expenditure Net income/(expenditure) Transfers Between Funds 16 Net Movement in Funds Reconciliation of funds: Total funds brought forward 16 Net movement in funds Total funds carried forward 16 |
Unrestricted funds Year ended 30 April 2022 £ 62 170,142 184 1 170,389 116,077 114,271 54,312 - - 51,085 54,312 105,397 |
Restricted funds Year ended 30 April 2022 £ 57,129 245,255 - - 302,384 259,334 259,335 43,050 - - 1,700 43,050 44,750 |
Total funds Year ended 30 April 2022 £ 57,191 415,397 184 1 472,774 375,411 373,606 97,363 - - 52,785 97,363 150,147 |
Total funds Period ended 30 April 2021 £ 46,195 141,757 366 1 |
|---|---|---|---|---|
| 188,319 | ||||
| 173,357 | ||||
| 173,357 | ||||
| 14,962 | ||||
| - | ||||
| 14,962 | ||||
| 37,823 14.962 |
||||
| 52,785 |
The notes on pages 16 to 30 form part of these financial statements.
Page 14
| Notee | 2021 | |||
|---|---|---|---|---|
| Flxodaeeets | ||||
| TangibleAseet | 12 | 9,471 | 14,283 | |
| Currenteeoets | ||||
| Debtors Ceshatbenk andinhand |
13 | 60,793 116305 |
10,779 108,538 |
|
| 188,188 | 117,315 | |||
| Credltore:amountsfalingduewithinone year |
14 | (23,308) | (53,793) | |
| Notcurrentasaits | 162,880 | 63,622 | ||
| Creditors:amountefalingdueaftermore oneyear |
5 | (22,203) | (265,000) | |
| Totalnetasses | 150,147 | 52,785 | ||
| Cherity Funds | ||||
| Reetricted Funds | 44,780 | 1,700 | ||
| Unrestrited Funde | 106,97 | 51,085 | ||
| Totaltund | 180,147 | 52,785 |
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
1. General information
Highly Sprung Performance Company is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission in England and Wales, 1178239. The address of the registered office is detailed on Page 1. The objects and activities of the charity are included in the Trustee’s Report beginning on Page 2.
2. Accounting policies
2.1 Basis of preparation and assessment of going concern
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has been withdrawn.
Highly Sprung Performance Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are presented after rounding numeric values to the nearest £1.
2.2 Going concern
The financial statements have been prepared on a going concern basis. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern and that the charity has adequate funds to meet anticipated future objectives.
2.3 Income
All income is recognised once the CIO has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not extending during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent that goods have been provided or on completion of the services.
Page 16
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
2.4 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 benefit will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The cost of each activity is 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 attribute to a single activity are apportioned between those activities on a basis consistent which the use of resources. Central staff costs are allocated on the basis on time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the CIO’s objectives, as well as any associated support costs.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the CIO.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring the tangible asset into its intended working condition should be included in the measurement cost.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Performance equipment 20% straight line Motor vehicles 25% straight line Office equipment 33% straight line
2.7 Debtors
Trade and other trade debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 17
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments which a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities
Liabilities are recognised where there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.10 Pensions
The CIO operates a defined contribution scheme and the pension charge represents the amounts payable by the CIO to the fund in respect of the period.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the CIO and which have not been designated for other purposes.
Designated funds compromise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are used in accordance with specific restrictions imposed by donors or which have been raised by the CIO for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 18
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
3. Income from donations and legacies
| Donations Government grants Total 2022 Donations Government grants Total 2021 |
Unrestricted funds Year ended 30 April 2022 £ Restricted funds Year ended 30 April 2022 £ 62 10,000 - 47,129 62 57,129 Unrestricted funds Period ended 30 April 2021 £ Restricted funds Period ended 30 April 2021 £ 3,043 2,806 13,346 27,000 16,389 29,806 |
Total funds Year ended 30 April 2022 £ 10,062 47,129 |
|---|---|---|
| 57,191 | ||
| Total Funds Period ended 30 April 2021 £ 5,849 40,346 |
||
| 46,195 |
Page 19
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
4. Income from charitable activities
| Educational workshops, projects and events Total 2022 Educational workshops, projects and events Total 2021 |
Unrestricted funds Year ended 30 April 2022 £ Restricted funds Year ended 30 April 2022 £ 170,142 245,255 170,142 245,255 Unrestricted funds Period ended 30 April 2021 £ Restricted funds Period ended 30 April 2021 £ 31,019 110,738 31,019 110,738 |
Total funds Year ended 30 April 2022 £ 415,397 |
|---|---|---|
| 415,397 | ||
| Total funds Period ended 30 April 2021 £ 141,757 |
||
| 141,757 |
5. Income from other trading activities
| Total | Total | ||
|---|---|---|---|
| Unrestricted | Funds | Funds | |
| Funds | Year | Period | |
| Year ended | ended | ended | |
| 30 April | 30 April | 30 April | |
| 2022 | 2022 | 2021 | |
| £ | £ | £ | |
| Box office and merchandise | 184 | 184 | 366 |
Page 20
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
6. Investment Income
| Unrestricted | Total funds | |
|---|---|---|
| funds | Total funds | Period |
| Year ended | Year ended | ended |
| 30 April | 30 April | 30 April |
| 2022 | 2022 | 2021 |
| £ | £ | £ |
| 1 | 1 | 1 |
Bank Interest
7. Analysis of expenditure on charitable activities
Summary by fund type
| Educational workshops, projects and events Governance Total 2022 Educational workshops, projects and events Governance Total 2021 |
Unrestricted funds Year ended 30 April 2022 £ Restricted funds Year ended 30 April 2022 £ 108,094 256,334 7,983 3,000 116,077 259,334 Unrestricted funds Period ended 30 April 2021 £ Restricted funds Period ended 30 April 2021 £ 36,797 125,323 8,987 2,250 45,784 127,573 |
Total funds Year ended 30 April 2022 £ 364,428 10,983 |
|---|---|---|
| 375,411 | ||
| Total funds Period ended 30 April 2021 £ 162,120 11,237 |
||
| 173,357 |
Page 21
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
8. Analysis of expenditure by activities
| Educational workshops, projects and events Governance Total 2022 |
Activities undertaken directly Year ended 30 April 2022 £ Support costs Year ended 30 April 2022 £ 274,893 89,535 - 10,983 274,893 100,518 |
Total funds Year ended 30 April 2022 £ 364,428 10,983 |
|---|---|---|
| 375,411 |
| Educational workshops, projects and events Governance Total 2021 |
Activities undertaken directly Period ended 30 April 2021 £ 120,160 - 120,160 |
Support costs Period ended 30 April 2021 £ 41,960 11,237 53,197 |
Total funds Period ended 30 April 2021 £ 162,120 11,237 |
|---|---|---|---|
| 173,357 |
Page 22
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff Costs Depreciation Projects Space hire Supplies and equipment Conferences and further education Analysis of support costs Staff Costs Depreciation Insurance Professional fees Computer and website Travel and Subsistence Telephone Interest Paid Rent Motor costs Bad debts Total 2022 |
Workshops, projects & events Year ended 30 April 2022 £ 55,757 1,024 3,771 - 1,461 3,181 1,599 97 6,500 3,990 12,155 89,535 |
Total funds Year ended 30 April 2022 £ 94,839 3,767 156,322 4,350 8,578 7,037 274,893 Governance Year ended 30 April 2022 £ - - - 10,983 - - - - - - - |
Total funds Period ended 30 April 2021 £ 94,839 3,767 156,322 4,350 8,578 7,037 |
||
|---|---|---|---|---|---|
| 274,893 | |||||
| Total funds Year ended 30 April 2022 £ 55,757 1,024 3,771 10,983 1,461 3,181 1,599 97 6,500 3,990 12,155 100,518 |
|||||
| 10,983 |
Page 23
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
8. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Staff Costs Depreciation Insurance Professional fees Computer and website Travel and Subsistence Telephone Interest Paid Foreign exchange Bad debts Total 2021 |
Workshops, projects & events Year ended 30 April 2021 £ 25,465 1,041 3,323 - 3,514 357 1,792 86 3,536 2,844 41,960 |
Governance Year ended 30 April 2021 £ - - - 11,237 - - - - - - 11,237 |
Total funds Year ended 30 April 2021 £ 25,465 1,041 3,323 11,237 3,514 357 1,792 86 3,536 2,844 |
|---|---|---|---|
| 53,197 |
9. Net income/ (expenditure)
This is stated after charging:
| Period | ||
|---|---|---|
| Year ended | ended | |
| 30 April | 30 April | |
| 2022 | 2021 | |
| £ | £ | |
| Independent examiner’s remuneration- independent examination | 600 | 600 |
Page 24
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
10. Staff costs
| Wages and salaries Social security costs Pension costs |
Year ended 30 April 2022 £ 144,538 6,832 2,578 153,948 |
Period ended 30 April 2021 £ 108,122 2,914 2,299 |
|---|---|---|
| 111,335 |
The average number of persons employed by the CIO during the period were as follows:
| Year ended | Period ended | |
|---|---|---|
| 30 April | 30 April | |
| 2022 | 2021 | |
| No. | No. | |
| Education and administration | 9 | 7 |
No employee received remuneration amounting to more than £60,000 in either a year.
The charity’s key management personnel consist of the Trustees and the Artistic Directors. The total amount of employee benefits, including employer pension contributions, paid to the key management personnel totalled £67,101 in the year (period ended 30 April 2021 - £61,354).
11. Trustees’ renumeration and expenses
During the period, no Trustees received any renumeration or other benefits (2021 - £nil).
During the period ended 30 April 2022, no Trustee expenses have been incurred (2021 - £nil).
Page 25
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
12. Tangible fixed assets
| Cost At 30 April 2021 Additions Disposals At 30 April 2022 Depreciation At 30 April 2021 Charge for the period Disposals At 30 April 2022 Net book value At 30 April 2022 At 30 April 2021 |
Performance equipment £ 18,834 - - 18,834 6,603 3,767 - 10,370 8,464 12,231 |
Office equipment £ 3,073 - - 3,073 1,041 1,025 - 2,066 1,007 2,032 |
Total £ 21,907 - - |
|---|---|---|---|
| 21,907 | |||
| 7,644 4,792 - |
|||
| 12,436 | |||
| 9,471 | |||
| 14,263 |
13. Debtors
| Trade debtors Prepayments editors: Amounts falling due within one year Taxation and social security Accruals and deferred income |
2022 £ 69,793 - 69,793 2022 £ 21,308 2,000 23,308 |
2021 £ 10,038 741 |
|---|---|---|
| 10,779 | ||
| 2021 £ 793 52,000 |
||
| 53,793 |
14. Creditors: Amounts falling due within one year
Page 26
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
15. Creditors: Amount falling due after more than one year
| Bank loan | 2022 £ 22,203 22,203 |
2021 £ 25,000 |
|---|---|---|
| 25,000 |
16. Statement of funds
Statement of funds- current period
| Unrestricted funds Designated funds Fixed assets General Funds General Funds Total unrestricted funds Restricted funds Arts Council Recovery Fund Arts Council Emergency Fund CastAway Project Changing Climates City Beat Online / Ready Box Set Commonwealth Connections Doing Things Differently Donations In Transit One Small Step Out Out Power of Possibilities Kickstart Scheme Ready Box Set Go Teach/Make Transmission Urban Astronaut Total Restricted funds Total of funds |
Balance at 1 May 2021 £ 14,263 36,822 51,085 - - - - 600 - 1,100 - - - - - - - - - - 1,700 52,785 |
Income £ - 170,389 170,389 51,500 33,108 90,653 35,514 - 6,000 - 10,120 30,000 6,000 7,500 9,100 12,129 2,200 4,856 1,800 1,904 302,384 472,774 |
Expenditure £ (4,792) (111,285) (116,077) (51,500) (33,108) (90,653) (35,514) (600) (240) (1,100) (1,450) (1,340) (6,000) (7,500) (9,100) (12,129) (2,200) (4,856) (140) (1,904) (259,335) (375,412) |
Transfers in/out £ - - - - - - - - - - - - - - - - - - - - - - |
Balance at 30 April 2022 £ 9,471 |
|---|---|---|---|---|---|
| 95,926 | |||||
| 105,397 | |||||
| - - - - - 5,760 - 8,670 28,660 - - - - - - 1,660 - |
|||||
| 44,750 | |||||
| 150,147 |
Page 27
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
16. Statement of funds (continued)
Statement of funds – prior period
| Unrestricted funds Designated funds Fixed assets General Funds General Funds Total unrestricted funds Restricted funds Arts Council Recovery Fund Arts Council Emergency Fund CastAway Project City Beat Online / Ready Box Set COREConnects Doing Things Differently Donations Extra Dimensional Project Horizons Teach/Make Total Restricted funds Total of funds |
Balance at 1 May 2020 £ 25,333 8,157 33,490 - - 12,971 - - - - (8,638) - - 4,333 37,823 |
Income £ - 47,775 47,775 25,750 30,000 11,493 8,000 6,500 17,000 16,153 9,930 8,000 7,718 140,544 188,319 |
Expenditure £ - (45,784) (45,784) (10,146) (30,000) (24,464) (7,400) (6,500) (15,900) (16,153) (1,292) (8,000) (7,718) (127,573) (173,357) |
Transfers in/out £ (11,070) 26,674 15,604 (15,604) - - - - - - - - - (15,604) - |
Balance at 30 April 2021 £ 14,263 |
|---|---|---|---|---|---|
| 36,822 | |||||
| 51,085 | |||||
| - - - 600 - 1,100 - - - - |
|||||
| 1,700 | |||||
| 52,785 |
17. Summary of funds
Summary of funds – current period
| Designated funds General funds Restricted funds |
Balance at 1 May 2021 £ 14,263 36,822 1,700 52,785 |
Income £ - 170,389 302,384 472,774 |
Expenditure £ (4,792) (111,285) (259,335) (375,412) |
Transfers in/out £ - - - - |
Balance at 30 April 2022 £ 9,471 95,926 44,750 |
|---|---|---|---|---|---|
| 150,147 |
Page 28
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements For the period ended 30 April 2022
17. Statement of funds (continued)
Statement of funds – prior period
| Designated funds General funds Restricted funds |
Balance at 1 May 2020 £ 25,333 8,157 4,333 37,823 |
Income £ - 47,775 140,544 188,319 |
Expenditure £ - (45,784) (127,573) (173,357) |
Transfers in/out £ (11,070) 51,429 (40,359) - |
Balance at 30 April 2021 £ 14,263 36,822 1,700 |
|---|---|---|---|---|---|
| 52,785 |
18. Analysis of net assets between funds
Analysis of net assets between funds- current period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2022 £ 9,471 141,437 (23,308) , (22,203) 105,397 |
Restricted Funds 2022 £ - 44,750 - - 44,750 |
Total funds 2022 £ 9,471 186,187 (23,308) (22,203) |
|---|---|---|---|
| 150,147 |
Analysis of net assets between funds- prior period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2021 £ 14,263 64,116 (2,294) , (25,000) 51,085 |
Restricted Funds 2021 £ - 53,200 (51,500) - 1,700 |
Total funds 2021 £ 14,263 117,316 (53,794) (25,000) |
|---|---|---|---|
| 52,785 |
Page 29
Highly Sprung Performance Company (A charitable incorporated organisation)
Notes to the financial statements
For the period ended 30 April 2022
19. Pension commitments
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £3,076 in the year (period ended 30 April 2021 - £1,977) in the year.
The pension liability and expense is allocated between restricted and unrestricted funds by identifying individual staff members involved in delivering restricted projects.
20. Related party transactions
The charity did not receive financial support from any related parties. A loan balance of £1,806 (2021 - £1,806) was repaid at the balance sheet date with no interest having been charged.
Page 30