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2024-03-31-accounts

Charity Registration Number: 1178239

Highly Sprung Performance

Trustees’ report and financial statements For the year ended 31 March 2024

Highly Sprung Performance (A charitable incorporated organisation)

Contents

Page
Reference and administrative details of the CIO, its Trustees and advisers 1
Trustees’ report
 2 – 14
Independent examiner’s report
 15
Statement of financial activities
 16
Balance sheet
 17
Notes to the financial statements
 18 - 32

Highly Sprung Performance (A charitable incorporated organisation)

Reference and administrative details of the CIO, its Trustees and advisers For the period ended 31 March 2023

Trustees A Campbell, Chair C Singleton J Trowsdale D Kaur R Adams appointed 17 July 2023 E Gibbons appointed 17 July 2023 Charity registered number 1178239 Principal address Daimler Powerhouse, 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 (A charitable incorporated organisation)

Report of the trustees For the period ended 31 March 2024

The trustees are pleased to present their annual report together with the consolidated financial statements of the charity, for the year ending 31 March 2024.

Chair’s Statement

There is much to celebrate as we look back on the last 12 months. It was a year filled with strategic and organisational development, exciting new work and the celebration of an important anniversary.

The work begun in the previous year resulted in a new seven-year strategy with clarity around mission and vision, updated values and four strategic priorities with clearly defined key performance indicators. We are already seeing benefits from this renewed focus in terms of work, outreach, and grant and funding applications.

I am always humbled by the impact of our work both on those performing and those experiencing it. This year Mark Worth, Artistic Director, formalised the Highly Sprung methodology and it is now incorporated into artist training to ensure all work with children and young people, whether as performers, participants, creators or audiences delivers the impact that Highly Sprung is recognised for.

This year marked the 20th anniversary of Sprung Youth, a significant milestone that we celebrated with a Sprung Gala. The event was a resounding success, bringing together over 100 children and young people, including 15 alumni who returned to share their journeys, create a new piece of work and inspire the next generation.

Our commitment to making the arts accessible to all children and young people, especially those in areas of deprivation, has never been stronger. We delivered 40 school workshops, reaching 3,750 children across the UK, while Physical Fellowship Festival engaged over 400 young people from 11 schools.

A standout achievement has been our environmental performance, "Grow," set within an inflatable dome that toured leisure centres and Daimler Powerhouse. This initiative invited children from some of the most deprived areas of Coventry to experience performance for the first time, leading to remarkable feedback and a significant increase in engagement with the outdoors among our young audiences. Sustainability remains at the heart of our operation. Having met the Basic standard of the Theatre Green Book we are working towards Intermediate. Wherever possible, performances use recycled costumes and set, underscoring our commitment to environmental responsibility. Inclusivity is also central to our mission, with almost 40% of Sprung Youth participants being neurodiverse and 18% from lower socioeconomic backgrounds.

Our financial strategy continues to deliver resilience and sustainability and, we finish the year in a positive financial position. However, the pressures on the sector and the broader economic challenges the UK faces, are having an impact on earned income and creating an increasingly competitive funding landscape. It is our intention to continue to maintain a balanced and flexible approach to funding as we face a challenging period.

Highly Sprung is fortunate to be supported by a talented and generous group of people; the Trustees would like to thank the artists, Youth Advisory Board, staff and management team for their continued hard work and dedication. I would like to thank my Trustee colleagues for their time and commitment and making my job as Chair a pure delight.

A Campbell

Chair of Trustees

Page 2

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Objectives and Activities

Our objectives and purpose:

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.

About us

Highly Sprung is England’s physical theatre company for and with children and young people.

Performances and participatory projects are produced with and for new audiences of children and young people to invite collaboration, contribution, and discovery. By working together, our inclusive approach creates a physical language that enables children and young people to tell stories and explore global themes, using accessible, gestural, high-energy, and often risk-taking dynamic movement.

These stories through movement speak of the world our children and young people will create their futures in.

Public Benefit

In shaping and delivering our strategy, objectives and 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 consider the accessibility of the charity’s activities, especially for children and young people in areas of deprivation.

Summary of main activities

Activities delivered:

Page 3

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Activities delivered (continued):

The figures:

55 performances including Storm, Grow, CastAway, The Honeyz, Paddling Light

Worked with 3750 young people

Almost 10,000 in person audiences

260 children and young people took part in Sprung Youth and 15 Sprung alumni returned to perform at the Sprung 20 Gala

Six Sprung Youth bursaries awarded

Achievements and Performance

Sprung 20 Gala. Photograph by Andrew Moore

2023/24 saw 20 years since Sprung Youth was formed with an aim to ‘deliver transformative dance, drama, and physical theatre workshops to the children and young people of Coventry, Warwickshire, and the surrounding area’. Since then, over 7,000 children and young people have been through Sprung Youth’s doors. To celebrate, Highly Sprung held its first Sprung Gala , designed and planned with the Youth Advisory Board. Over 100 children and young people took part including 15 Sprung alumni returning from across the UK. The event was attended by 225 parents, partners and funders and was also an important fundraiser for the charity.

The 20th anniversary presented an ideal opportunity to research our impact to be presented at the Gala. In summary participants described Highly Sprung as a safe space that enables exploration and experimentation whilst providing challenge and fun. Participants reported feeling completely accepted in a diverse and inclusive environment.

‘… at the time that I was going to Highly Sprung I had been in a lot of trouble outside of school and some trouble in school as well, … but going to Highly Sprung it kept me out of trouble big time, and it introduced me to new people, new situations, new experiences in my life and gave me a head start in so many ways more than I even knew .’ – Sprung Youth Alumni

Page 4

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Grow , our indoor environmental themed performance for EYFS (Early Years Foundation Stage) children (aged 3 – 7) toured to local community spaces reaching 670 children across 14 performances. It focused on wards in Coventry where over 70% children in the area are affected by poverty or situations of deprivation, 33% of families in these areas are from the global majority. The themes of Grow resonated with the children beyond the performance, four weeks later, teachers observed that 74% continued to express a desire to find out more about outdoor, plants and nature.

Grow. Photograph by Andrew Moore

We've got to care for our living things, our plants our trees, we've got to look after them.’ -Audience member, age 4

‘ All of the children were engaged including our SEND and EAL. Full of sensory opportunities’ – Teacher, Grow

Another environmentally themed indoor performance, Storm , in partnership with Warwickshire Libraries, was a funny but thought-provoking piece of immersive story telling for children ages 7-11, encouraging them to learn about small changes with huge impacts.

CastAway continued to excite and move audiences, touring the UK, including for the first time – Newcastle and Chelsea & Kensington, extending audience reach with this outdoor touring spectacle

Paddling Light. Photograph by Andrew Moore

Experimenting with a new stage - Paddling Light was a research and development collaboration taking place on water. Working with digital art and technology company Ludic Rooms this light spectacular was performed on Coventry Canal.

We continued to work on longer term residencies with young people at three schools - Ridgeway Primary, Smith’s Wood and Barr’s Hill. Highly Sprung received a Commendation as part of the 2024 OFSTED inspection at Barrs Hill - credited for helping to raise the school’s overall outcome to outstanding.

Page 5

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

The relationship with ISTA continued to grow as Highly Sprung worked in person and online with students in Munich, Jakarta and Thailand.

‘It is clear that they are true teaching artists, they not only know their craft inside and out, but they put pedagogical practice at the center [SIC] of their work. They listen to and see the students, meeting them where they are at, encouraging not only the students’ creativity, but also helping them to make smart choices and become an ensemble.’ – Teacher, Theatre Arts Munich International School

We also continued our work in higher education, working with students at both Coventry University (BA Acting for Stage and Screen) and Royal Birmingham Conservatoire (BA Stage Management) on their final projects.

The Physical Fellowship Festival, running for over 15 years, is designed to give young people the opportunity to explore physical theatre and work with professional artists. 2023 involved 11 schools and over 400 students. Co-created with the participants it was a tribute to the journeys to freedom with the headline performance of Enigma by Sprung Advance Plus, exploring the life of Alan Turing.

Physical Fellowship workshops. Photograph by Hayley Salter

Enigma (Physical Fellowship). Photograph by Andrew Moore

‘Very touching performance that definitely got the message across that being different is normal. Being different can give freedom. Thought provoking, emotional, sincere, innovative .’ – Audience member

‘I am proud to be part of this show that uses our own words and experiences. Creating Enigma has been so rewarding.’ – Sprung Advance Plus

Highly Sprung delivered HAF workshops (Holiday & Food Activity programme) through Easter and Summer holidays. HAF is a free holiday programme for school-aged children and young people receiving benefits-related free school

meals, enabling them to enjoy physical theatre workshops and a nutritious meal. We also delivered similar workshops with the Coventry Cultural Education Partnership in October.

Page 6

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Community projects are an important part of the charity’s work. We were successful in securing funding from the National Lottery for Play Day Lite, as part of the Mayor of the West Midlands Community weekend. 88% of attendees tried something new and 78% made connections with new people as part of the event. We worked with partners from Coventry and Warwickshire Mind, Grapevine, Coventry Speech and Language Centre and Sprung Youth.

‘ Great for exploration and being able to use imagination, as well as trying new things and some more skills being developed ’ – Play Day attendee

Highly Sprung was commissioned by the Royal College of Occupational Therapists (RCOT) to create a film to launch new guidelines on the use of Play as part of therapy and assessment of children and young people with additional needs. Play is a Highly Sprung value so we were delighted to work on this project. The film was delivered by Sprung Youth and presented at the RCOT annual conference.

Finally, our Big Give ‘Arts for Impact’ campaign at the end of the financial year raised £5,800 from the public and match funding to support a second tour of Grow.

RCOT Film. Photograph by Highly Sprung

Talent Development/Training

The development of the artists we work with is a key part of our strategy and in the year, Highly Sprung ran training days to integrate new team members and give existing ones a creative refresh. ACE funded an additional three days of intensive training for the associate artists, during which time they were introduced to the new Highly Sprung methodology and strategy. The training was an important investment to increase artists’ confidence and responsibility in delivering work for young people independently as associates.

Highly Sprung delivered pro-intensive training days including aerial practices. For the first time, participants paid a fee which proved the value of Highly Sprung training within the market.

We continued as lead partners on the Paul Hamlyn funded Teach Make project, which launched to a new cohort of primary teachers as part of an 18-month long programme of teacher development work.

Pro Intensive Training. Photograph by Hayley Salter

Page 7

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Sprung Youth

Last year, we took the difficult decision to close the youngest Sprung Youth groups. We are delighted that there has been no negative impact and that the additional capacity has resulted in Sprung Advance Plus and Sprung Advance both being near or at capacity whilst providing space for more children in the younger age groups. The research from Sprung 20 gala found that 15% of Sprung Youth first encountered Highly Sprung through community or school projects and were inspired to join Sprung Youth.

Accessibility and inclusion are part of our DNA, and more formally our strategy, and the Sprung Youth Bursaries continued with six bursaries awarded to enable young people to attend Sprung Youth.

‘I have always found that describing Highly Sprung to family and friends somewhat tricky. Yes, it’s theatre. Yes, it’s acting. But it’s also so much more than that. It’s a community. People from different backgrounds coming together to create unique, creative performances. Wherever Highly Sprung goes, the community and energy will follow .’ – YAB & Sprung Youth member

“It means that I can be myself and I’m allowed to experience life as I want to. It’s so nice to be able to feel that way with such an amazing group of people” – on Sprung Youth

FINANCIAL REVIEW

Funding Strategy and Pricing Policy

All Highly Sprung’s funding is generated primarily on a project basis through a variety of income streams providing resilience and categorised for ease into two areas Earned Income (64%) and Public Funding (36%). We have consistently demonstrated the ability to be flexible to adapt to economic changes, finding new ways to drive income in order to maintain the quality of our delivery. This experience and approach are ever more important in light of sectoral and wider economic headwinds

Our pricing policy is designed to provide as wide access as possible – a long-standing objective for the charity and a critical part of the 2030 strategy. We work closely with partners to maintain costeffectiveness. Incorporating environmentally sustainable practices such as recycling supports financial sustainability. Funding is sought to support projects fully so that our work can be accessed at zero cost to participants or with considerable subsidies.

Whilst our model is to keep prices low, it is also to keep quality high and pay artists fairly, so our professional fees are based on the Independent Theatre Council’s recommended rates of pay.

Reserves:

The Reserves at the beginning of the year were £60,617 reducing to £59,115 by the year end (the £1,500 was restricted project expenditure held temporarily in Reserves)

Page 8

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

The Trustees have reviewed the Reserves Policy and decided that Designated Reserves should include 3 months operating expenditure (not including restricted project expenditure) calculated at £52,332. The Trustees have also considered the worst-case scenario of closure and consider that the maximum cash reserve required to meet closure costs is £98,000 for the financial year 2024/25. This comprises Statutory Redundancy costs, Bounce Back Loan Repayment and office space rental. This is not currently covered by General Reserves

Reserves Policy

The Charity needs reserves to provide funds for:

• Contingency

Unexpected expenditure in the event of an emergency or unexpected expenses.

• Continuity

To bridge any possible delays in receiving promised grants or managing payment in arrears contracts; continue to deliver against objectives if there is a major shortfall in income or loss of a major source of funding.

• Commitment (Planned Maintenance)

Occasional significant expenditure which cannot be covered by the annual income, to allow investment in/replacement of assets e.g. major items of maintenance of the fabric of assets, such as the van or flying rigs.

• Dissolution (Orderly Closure)

Where Highly Sprung Performance becomes financially unsustainable and must be wound up. This fund provides for the costs of dissolution should the charity be unable to continue. It is only to be used in the event of the Trustees' deciding the charity should cease to exist. It will be used to pay any debts, notice periods, redundancies, outstanding holiday pay and the expenses of running Highly Sprung Performance until closure of the organisation.

Risk Management:

An annual risk review is carried out by the Trustees, led by the Chair with participation from the management team. It is reviewed and updated throughout the year by the management team and any significant changes advised to the Trustees quarterly. Mitigation is put in place to reduce and manage those risks by the management team, and this mitigation is reviewed by the Trustees.

Governance - Less effective board, destabilisation of charity, lack of representation, not representative of audience, charity objectives are not met, lack of growth, inability to effectively reflect on and support objectives, lack of understanding of stakeholder needs.

Page 9

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Financial- Loss of core staff, premises, infrastructure, Inability to meet charity objectives,

Loss of projects, Reduction in activity and staff, inability to take on new work/commissions

Operations- Unable to grow, reputational impact, reduction in activity or inability to deliver activity, Injury- serious & minor, lack of appropriate storage, no workspace, loss of key information, financial, reporting & data, lack of EDI understanding, failure to represent our audiences or meet funders needs.

Legal- Serious safeguarding implications, inability to deliver activity, fines, loss of charitable status, threat from other organisations to steal or copy our work, reputational impact, competition.

External- Loss of income, increased competition, lack of opportunity for funding, reputational impact, compromised delivery of objectives, loss of key members of staff due to absence, less freelance talent, less opportunity to deliver in schools.

Page 10

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Reputation- Loss of staff, lack of staff, inability to deliver activity, loss of key and new partnerships, Reputation/Quality- Impact in funding and retaining and recruiting talent, lose charitable status, charitable objectives not met.

Structure, Governance and Management

Highly Sprung is a Charitable Incorporated Organisation.

The board of Trustees, which can have up to 8 members, administers the charity. The board meets quarterly and coordinates interim calls or additional meetings where deemed necessary. An Executive Director is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate effective operations the executive and management team have delegated authority, within terms of delegation approved by the Trustees, for operational matters including finance, employment, artistic performance, and administrational activity. There is a trustee with specific responsibility for safeguarding.

Appointment of Trustees:

As set out in the constitution, a trustee is appointed for a term of three years by a resolution passed at a properly convened meeting of the charity Trustees. They may be eligible for further terms of three years up to a maximum of three terms. Trustees are selected following a fair and transparent recruitment process which seeks to reach under-represented 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:

All new Trustees undergo a formal board induction to brief them on their legal obligations under charity laws, Charity Commission guidance on public benefit, the charity’s constitution, committee and decisionmaking process, the business plan and recent financial performance. They also receive a pack of appropriate information including policies, procedures and are invited to an induction day to meet Highly Sprung staff. All new Trustees are also offered the opportunity to observe a Board meeting prior to their formal appointment and a face-to-face meeting with the Chair.

Trustees are encouraged to attend appropriate external training events and are updated by the Secretary of any relevant developments in Charity or other appropriate regulation or best practice.

Governance

Good Governance is a key part of how we operate, and our compliance is regularly reviewed by the Board of Trustees and the Management team. Financial reporting and control is an important part of this and our performance against Budgets and Forecasts is reviewed and presented to the Trustees. Our Risk Register plays a vital part in how the business of the Charity is monitored, and risks are categorised according to their severity, and mitigating action is taken wherever possible.

Page 11

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

The previous year saw a significant amount of change in the trustee board, this financial year was therefore a year of consolidation. The focus for the majority of the year was on the creation of the new 2030 strategy.

A piece of work that resulted from the new strategy was a request that the charity formalise its methodology. The Highly Sprung methodology places children and young people at the heart of its work as performers, participants, creators, and audiences, anchored by four foundational pillars: Storytelling, Movement that Speaks, Big Issues, and Accessibility. This methodology has been visualised in an easyto-understand manner and been shared and taught to all artists working with the organisation.

This was the second year of the Youth Advisory Board (YAB) but due to the term dates, we worked with two YABs, as each cohort runs from September to July. In total 17 young people volunteered their time and talent. across a variety of areas including:

‘We help shape the work made by tailoring ideas to the aims of Highly Sprung. Our inputs help influence decisions, allowing us to create more diverse and inclusive art that remains relevant in society today.’ – YAB Member

‘Being a part of Highly Sprung’s Youth Advisory Board gives me a voice to influence decisions within this organisation and speak out about what would be most beneficial for young people at the moment. In doing this we can contribute to positive difference and help address important challenges.’ – YAB Member

Sustainability, both in terms of environment and social, have been a key part of Highly Sprung’s DNA since inception. This is realised through the work created, themes selected as well as operationally. In the year the following has been achieved:

‘All of the children enjoyed the performance. They had not had the opportunity to see a dance performance before’ – Teacher, Grow

Page 12

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Remuneration

At the end of each financial year a remuneration fund will be defined based on the financial performance of the charity. All salary adjustments will be made from this fund. The remuneration fund will be proposed by the executive team, reviewed by the Appraisal and Remuneration Committee and agreed by the board. The salaries that are to be paid to executives and employees at all levels of the charity shall be compatible with internal balances, strategic targets, and market conditions.

Safeguarding

There were no safeguarding incidents or concerns reported this year.

Training and Safeguarding Actions:

Page 13

Highly Sprung Performance (A charitable incorporated organisation)

Report of the trustees (continued) For the period ended 31 March 2024

Trustees• Responsibilities in relation to the financial statements:

The charity t�stees. are responsible for preparing a Trustees' report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

its income resources, including its income and expenditure, for that period. In preparing these financial �ta�ements for each financial period which give a true and fair view of the state of affairs of the CIO and The law applicable to charities in England and Wales requires the Trustees to prepare financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the CIO's transactions and disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Companies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the CIO and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 14 October 2024 and signed on their behalf by:

Chair of Trustees

Page 14

Hlghly Sprnng Pwlorniance IA charltable Incorporaled ory•nlsatlonl Independent •x•mln•rfs report For thg pgrlod ond•d 31 March 2024 I report ￿ th8 accounts of H￿hty SpruNJ P•rforn)anc fofthe year erKled 31 Mwch 2024, whth we ¥at out on pages 16 10 32. Rospecdve rnwnBlblllllos of the TnMtW• afbd the Ind•wnd•nt Ex4mlner and th• b••l• of the rnport The chaTitl$ Trustee8 are responsible for the preparat¢on of the financial statements. The charty'5 trustees conslder that an audit is not required for this year under the Charities Act 2011. 8 144(21 {th8 Chanties Act 20111 and that an independent gxaminati¢)n is ￿18￿. It is my responsftiHy to: exaThune ts ac&￿nts under $. 145 of the 2011 A(t. folcw the pffjcedure Laid down in the genernl Directlons gr¥en by the Charity C¢Jmml88ion under s.14515llbl of the 2011 Act and., stale whether particular matters have comg lo my attention 8a•ls of Independent Examlnefs stat￿n•nt and scope of work undortakfjn My examinatK)n was carrigd out in ac¢ord•nGe wlh the ge￿rnI DK6ctK￿s gwn by th8 Charfty Ccrfnmission. An oxaminatK>n includes a revitr rf the xcountiNJ records kept by the chwity and P8rtson to the accounts presenled with tlvxe rKords. It also includes conSiderat￿n of any unusual items or di%k)sur8s wi Ihe accounts. and ￿kIng gxplanatKJn$ you as trustees ts)nctrming any •uch matter5. 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 pr680nl a Irue and fair and the report is limited lo those matters sd out in the statement below. Ind•p•ndent Examln•rf¥ Stat•mont In conn&aK)n with my examinolm. no mtar h88 ¢om8 to my attention: (11 wfiich gr￿ me rea8onth cause to beliov• thal in materlal the wuiremnls: to keep aco)unttr4 reco￿3 in accordancè wlth s. 130 of Ihe 2011 Act,. and lo prepare accounts which accord wllh tho accounting recoTdB and ¢ompty with the accounting roquirom8nls irf the 2011 Act. have not been met, or {2) to whth. in my ￿Inknn, attenlw)n shoukl be th•vn in ¢xdwto on4)10 8 propw urmlerstanding oflhe accounts to be reached. Adnan Khalid Chartgred CertIfi￿j ACC(￿ntant Inlogritax AcccAmlants Ltd 68 Road AcC￿kS Green Bimingham B27 6LG Pa8e 15

Highly Sprung Performance (A charitable incorporated organisation)

Statement of Financial Activities For the period ended 31 March 2024

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
31 March
2024
£
1,455
125,826
20
892
128,193
246,797
244,481
(118,604)
-
-
131,686
(118,604)
13,082		 Restricted
funds
Year ended
31 March
2024
£
577
140,160
-
-
140,737
105,644
105,644
35,093
-
-
20,777
35,093
55,870		 Total
funds
Year ended
31 March
2024
£
2,032
265,986
20
892
268,930
352,441
352,441
(83,511)
-
-
152,463
(83,511)
68,952		 Total
funds
Year ended
31 March
2023
£
15,914
325,447
578
-
341,939
339,623
339,623
2,316
-
-
150,147
2,316
152,463

The notes on pages 18 to 32 form part of these financial statements.

Page 16

Highly Sprung Perfonnance (A charitable Incorporated organisation)

Balance Sheet For the Period ended 31 March 2024

Notes 2024 2023
£ £
Fixed assets
Tangible Assets 12 3,727 7,800
Current assets
Debtors 13 7,327 47,500
Cash at bank and in hand 88,030 120,316
95,357 167,816
Creditors: amounts falling due within one 14 (22,180) (10,697)
year
Net current assets 73,177 157,119
Creditors: amounts falling due after 15 (7,952) (12,456)
more one year
Total net assets 68,952 152,463
Charity Funds
Restricted Funds 16 55,870 20,m
Unrestricted Funds 16 13,082 131,686
Total funds 68,952 152,463

The financial statements were approved and authorised for issue by the Trustees on 14 October 2024 and signed on their behalf by:

Trustee A�aY.

The notes on pages 18 to 32 form part of these financial statements.

Page 17

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

1. General information

Highly Sprung Performance 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 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 18

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

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 Trailer 20% 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 19

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

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 20

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

3. Income from donations and legacies

Donations
Total 2024
Donations
Government grants
Total 2023		 Unrestricted
funds
Year ended
31 March
2024
£
Restricted
funds
Year ended
31 March
2024
£
1,455
577
1,455
577
Unrestricted
funds
Year ended
31 March
2023
£
Restricted
funds
Year ended
31 March
2023
£
152
964
-
14,798
152
15,762		 Total
funds
Year ended
31 March
2024
£
2,032
2,032
Total
Funds
Year ended
31 March
2023
£
1,116
14,798
15,914

Page 21

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

4. Income from charitable activities

Educational workshops, projects and events
Total 2024
Educational workshops, projects and events
Total 2023		 Unrestricted
funds
Year ended
31 March
2024
£
Restricted
funds
Year ended
31 March
2024
£
125,826
140,160
125,826
140,160
Unrestricted
funds
Year ended
31 March
2023
£
Restricted
funds
Year ended
31 March
2023
£
131,701
193,746
131,701
193,746		 Total
funds
Year ended
31 March
2024
£
265,986
265,986
Total
funds
Year ended
31 March
2023
£
325,447
325,447

5. Income from other trading activities

Total
Unrestricted Total Funds
Funds Funds Year
Year ended Year ended ended
31 March 31 March 31 March
2024 2024 2023
£ £ £
Box office and merchandise 20 20 578

Page 22

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

6. Investment Income

Unrestricted
funds Total funds Total funds
Year ended Year ended Year ended
31 March 31 March 31 March
2024 2024 2023
£ £ £
892 892 -

Bank Interest

7. Analysis of expenditure on charitable activities

Summary by fund type

Educational workshops, projects and events
Governance
Total 2024		 Unrestricted
funds
Year ended
31 March
2024
£
Restricted
funds
Year ended
31 March
2024
£
243,414
105,644
3,383
-
246,797
105,644		 Total
funds
Year ended
31 March
2024
£
349,058
3,383
352,441
Educational workshops, projects and events
Governance
Total 2023		 Unrestricted
funds
Year ended
31 March
2023
£
Restricted
funds
Year ended
31 March
2023
£
102,460
232,981
3,682
500
106,142
233,481		 Total
funds
Year ended
31 March
2023
£
335,441
4,182
339,623

Page 23

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

8. Analysis of expenditure by activities

Educational workshops, projects and events
Governance
Total 2024		 Activities
undertaken
directly
Year ended
31 March
2024
£
Support
costs
Year ended
31 March
2024
£
281,621
67,437
-
3,383
281,621
70,820		 Total
funds
Year ended
31 March
2024
£
349,058
3,383
352,441
Educational workshops, projects and events
Governance
Total 2023		 Activities
undertaken
directly
Year ended
31 March
2023
£
Support
costs
Year ended
31 March
2023
£
272,304
63,137
-
4,182
272,304
67,319		 Total
funds
Year ended
31 March
2023
£
335,411
4,182
339,623

Page 24

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

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
Subscriptions
Motor costs
Bad debts
Total 2024		 Total funds
Year ended
31 March 2024
£
106,506
3,453
159,472
6,338
3,143
2,709
281,621
Workshops,
projects &
events
Year ended
31 March
2024
£
Governance
Year ended
31 March
2024
£
37,648
-
620
-
4,217
-
-
3,383
1,216
-
4,256
-
1,728
-
466
-
11,667
-
2,062
1,200
-
2,357
-
67,437
3,383		 Total funds
Year ended
31 March 2024
£
106,506
3,453
159,472
6,338
3,143
2,709
281,621
Workshops,
projects &
events
Year ended
31 March
2024
£
Governance
Year ended
31 March
2024
£
37,648
-
620
-
4,217
-
-
3,383
1,216
-
4,256
-
1,728
-
466
-
11,667
-
2,062
1,200
-
2,357
-
67,437
3,383		 Total funds
Year ended
31 March 2023
£
102,623
3,453
149,979
5,793
3,249
7,207
272,304
Total funds
Year ended
31 March
2024
£
37,648
620
4,217
3,383
1,216
4,256
1,728
466
11,667
2,062
1,200
2,357
70,820
3,383

Page 25

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

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
Rent
Motor costs
Bad debts
Total 2023		 Workshops,
projects &
events
Year ended
31 March
2023
£
29,897
1,627
1,913
-
1,693
6,289
1,599
838
6,750
7,275
5,256
63,137		 Governance
Year ended
31 March
2023
£
-
-
-
4,182
-
-
-
-
-
-
-
4,182		 Total funds
Year ended
31 March
2023
£
29,897
1,627
1,913
4,182
1,693
6,289
1,599
838
6,750
7,275
5,256
67,319

9. Net income/ (expenditure)

This is stated after charging:

Independent examiner’s remuneration- independent examination Year ended
31 March
2024
£
Year
ended
31 March
2023
£
650
600

Page 26

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

10. Staff costs

Year ended Year ended
31 March 31 March
2024 2023
£ £
Wages and salaries 133,025 124,355
Social security costs 7,983 5,765
Pension costs 3,146 2,400
144,154 132,520
e average number of persons employed by the CIO during the period were as follows:
Year ended Year ended
31 March 31 March
2024 2023
No. No.
Education and administration 7 7

The average number of persons employed by the CIO during the period were as follows:

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 £79,586 in the year (period ended 31 March 2023 - £61,027).

11. Trustees’ renumeration and expenses

During the period, no Trustees received any renumeration or other benefits (2023 - £nil).

During the period ended 31 March 2024, Trustee expenses of £38.67 have been incurred (2023 - £nil).

Page 27

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

12. Tangible fixed assets

Cost
At 31 March 2023
Additions
At 31 March 2024
Depreciation
At 31 March 2023
Charge for the period
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Performance
equipment
£
18,834
-
18,834
13,823
3,453
17,276
1,558
5,011		 Office
equipment
£
3,073
-
3,073
3,073
-
3,073
-
-		 Trailer
£
3,409
3,409
620
620
1,240
2,169
2,789		 Total
£
25,316
25,316
17,516
4,073
21,589
3,727
7,800

13. Debtors

Trade debtors
Prepayments
editors: Amounts falling due within one year
Taxation and social security
Accruals and deferred income
Bank loan
Other creditors		 2024
£
4,556
2,771
7,327
2024
£
3,183
2,200
5,349
11,448
22,180		 2023
£
44,894
2,606
47,500
2023
£
3,061
2,200
5,436
-
10,697

14. Creditors: Amounts falling due within one year

Page 28

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

15. Creditors: Amount falling due after more than one year

Bank loan 2024
£
7,952
7,952		 2023
£
12,456
12,456

16. Statement of funds Statement of funds- current period

Unrestricted funds
Designated funds
Fixed assets
General Funds
General Funds
Total unrestricted funds
Restricted funds
Accelerate
ACE Funded Project - Hello
Anniversary Gala
Backstage Trust Funding
Blue, Brown and Green
CastAway Project
Coventry City Council
Foyle Foundation
Holiday Clubs and Activities
Infrastructure Grant
Paddling Light
Play Day 2023
The D'Oyly Carte Charitable Trust
Warwickshire Performances
Total Restricted funds
Total of funds		 Balance at 1
April 2023
£
7,800
123,886
131,686
-
-
-
-
-
-
5,372
11,500
3,905
-
-
20,777
152,463		 Income
£
-
128,193
128,193
36,870
39,100
802
10,000
3,276
8,380
12,240
20,000
649
-
5,420
2,000
2,000
140,737
268,930		 Expenditure
£
(4,073)
(242,724)
(246,797)
(36,870)
(650)
(802)
-
(3,276)
(8,380)
(12,240)
(20,000)
(6,021)
(11,500)
-
(5,905)
-
(105,644)
(352,441)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance
at
31 March
2024
£
3,727
9,355
13,082
-
38,450
-
10,000
-
-
-
-
-
-
5,420
-
2,000
-
55,870
68,952

Page 29

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

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
A Day Like This
Arts Council Continuity Fund
CastAway Project
CCEP Conferences
Change X
Changing Climates
Commonwealth Connections
Coventry City Council
Donations
Echo Eternal
Festival of the Flying Project
Gratte Ciel
HAF Summer of Fun 2022
Holiday Clubs and Activities
In Transit
Infrastructure Grant
Play Day 2023
Programme Grant Year 2
Take Two Dance Project
Teach/Make
Transmission
Warwickshire Programme
Total Restricted funds
Total of funds		 Balance at
1 April 2023
£

9,471
95,926
105,397
-
-
-
-
-
-
5,760
-
8,670
-
-
-
-
-
28,660
-
-
-
-
-
1,660
-
44,750
150,147		 Income
£
-
132,431
132,431
7,775
14,798
40,330
2,734
5,000
9,384
3,000
32,660
964
2,200
25,483
4,200
3,520
5,372
20,000
15,000
3,905
3,000
2,500
2,357
-
5,326
209,508
341,939		 Expenditure
£
(1,671)
(104,471)
(7,775)
(14,798)
(40,330)
(2,734)
(5,000)
(9,384)
(8,760)
(32,660)
(9,634)
(2,200)
(25,483)
(4,200)
(3,520)
-
(48,660)
(3,500)
-
(3,000)
(2,500)
(2,357)
(1,660)
(5,326)
(233,481)
(339,623)		 Transfers
in/out
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Balance at
31 March
2024
£
7,800
123,886
131,686
-
-
-
-
-
-
-
-
-
-
-
-
-
5,372
-
11,500
3,905
-
-
-
20,777
152,463

Page 30

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

17. Summary of funds

Summary of funds – current period

Designated funds
General funds
Restricted funds		 Balance at
1 April 2023
£
7,800
123,886
20,777
152,463		 Income
£
-
128,193
140,737
268,930		 Expenditure
£
(4,073)
(242,724)
(105,644)
(352,441)		 Transfers
in/out
£
-
-
-
-		 Balance at
31 March
2024
£
3,727
9,355
55,870
68,952

17. Statement of funds (continued)

Statement of funds – prior period

Designated funds
General funds
Restricted funds		 Balance at
1 May 2022
£
9,471
95,926
44,750
150,147		 Income
£
-
132,431
209,508
341,393		 Expenditure
£
(1,671)
(104,471)
(233,481)
(339,623)		 Transfers
in/out
£
-
-
-
-		 Balance at
31 March
2023
£
7,800
123,886
20,777
152,463

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
2024
£
3,727
39,487
(22,180)
(7,952)
13,082		 Restricted
Funds
2024
£
-
55,870
-
-
55,870		 Total
funds
2024
£
3,727
95,357
(22,180)
(7,952)
68,952

Page 31

Highly Sprung Performance (A charitable incorporated organisation)

Notes to the financial statements For the period ended 31 March 2024

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
2023
£
7,800
147,039
(10,697)
(12,456)
152,463		 Restricted
Funds
2023
£
-
20,777
-
-
20,777		 Total
funds
2023
£
7,800
167,816
(10,697)
(12,456)
152,463

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 £3,146 in the year (period ended 31 March 2023 - £2,400) 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.

Page 32