REGISTERED COMPANY NUMBER: CE014717 (England and Wales) REGISTERED CHARITY NUMBER: 1179310
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 28 February 2021
for
Stepping Out Theatre
Moore Chartered Accountants First Floor
29 St Augustine's Parade Bristol BS1 4UL
Stepping Out Theatre
Contents of the Financial Statements for the Year Ended 28 February 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
Stepping Out Theatre
Report of the Trustees for the Year Ended 28 February 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE014717 (England and Wales)
Registered Charity number
1179310
Registered office
13 Creedwell Orchard Milverton Taunton TA4 1JY
Trustees
E Stadon M Breckon D McAleer G Pitt (resigned 20.11.20) H Groves S Walker (resigned 20.11.20) E Wilson S James I Robinson (appointed 20.11.20) E Martell (appointed 20.11.20) Dr S Chambers (appointed 20.11.20)
Independent Examiner
Moore Chartered Accountants First Floor 29 St Augustine's Parade Bristol BS1 4UL Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 1
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Report of the Trustees for the Year Ended 28 February 2021
................................................................. Trustee
Page 2
Independent Examiner's Report to the Trustees of Stepping Out Theatre
Independent examiner's report to the trustees of Stepping Out Theatre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Robert Branch ICAEW Moore Chartered Accountants First Floor 29 St Augustine's Parade Bristol BS1 4UL
Date: .............................................
Page 3
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Statement of Financial Activities
for the Year Ended 28 February 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,951 Charitable activities Charitable Activities 2,068 Other income - Total 19,019 EXPENDITURE ON Charitable activities Charitable Activities 4,753 NET INCOME/(EXPENDITURE) 14,266 RECONCILIATION OF FUNDS Total funds brought forward 32,677 TOTAL FUNDS CARRIED FORWARD 46,943 |
Restricted funds £ 32,485 - 31,924 64,409 113,970 (49,561) 51,678 2,117 |
28.2.21 Total funds £ 49,436 2,068 31,924 83,428 118,723 (35,295) 84,355 49,060 |
29.2.20 Total funds £ 194,039 1,570 - 195,609 132,848 62,761 21,594 84,355 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 4
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Balance Sheet
28 February 2021
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 6 946 1,839 CURRENT ASSETS Cash at bank 45,998 277 NET CURRENT ASSETS 45,998 277 TOTAL ASSETS LESS CURRENT LIABILITIES 46,944 2,116 NET ASSETS 46,944 2,116 FUNDS 7 Unrestricted funds Restricted funds TOTAL FUNDS |
28.2.21 Total funds £ 2,785 46,275 46,275 49,060 49,060 46,944 2,116 49,060 |
29.2.20 Total funds £ 3,747 80,608 80,608 84,355 84,355 32,677 51,678 84,355 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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Balance Sheet - continued
28 February 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
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Notes to the Financial Statements for the Year Ended 28 February 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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Notes to the Financial Statements - continued for the Year Ended 28 February 2021
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 28.2.21 | 29.2.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 962 | 1,249 |
3. TRUSTEES' REMUNERATION AND BENEFITS
During the year, an amount of £4,402 (2020: 3,753) was paid to trustees for works undertaken for the charity.
Trustees' expenses
Trustees have been reimbursed for services provided and/or incurred in the course of their work for the charity.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
5.
| Project Co-ordination No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 45,349 Charitable activities Charitable Activities 1,570 Total 46,919 |
28.2.21 2 Restricted funds £ 148,690 - 148,690 |
29.2.20 2 Total funds £ 194,039 1,570 195,609 |
|---|---|---|
EXPENDITURE ON
continued...
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Notes to the Financial Statements - continued
for the Year Ended 28 February 2021
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Charitable activities | ||||
| Charitable Activities | ||||
| 32,568 | 100,280 | 132,848 | ||
| NET INCOME | 14,351 | 48,410 | 62,761 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 18,326 | 3,268 | 21,594 | |
| TOTAL FUNDS CARRIED FORWARD | 32,677 | 51,678 | 84,355 | |
| 6. | TANGIBLE FIXED ASSETS | |||
| COST | Plant and machinery £ |
|||
| At 1 March 2020 and 28 February 2021 | 15,324 | |||
| DEPRECIATION | ||||
| At 1 March 2020 | 11,577 | |||
| Charge for year | 962 | |||
| At 28 February 2021 | 12,539 | |||
| NET BOOK VALUE | ||||
| At 28 February 2021 | 2,785 | |||
| At 29 February 2020 | 3,747 | |||
continued...
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Notes to the Financial Statements - continued for the Year Ended 28 February 2021
7. MOVEMENT IN FUNDS
| At 1.3.20 £ Unrestricted funds Unrestricted 32,677 Restricted funds Restricted 51,678 TOTAL FUNDS 84,355 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted 19,019 Restricted funds Restricted 64,409 TOTAL FUNDS 83,428 Comparatives for movement in funds At 1.3.19 £ Unrestricted funds Unrestricted 18,326 Restricted funds Restricted 3,268 TOTAL FUNDS 21,594 |
Net movement At in funds 28.2.21 £ £ 14,267 46,944 (49,562) 2,116 (35,295) 49,060 Resources Movement expended in funds £ £ (4,752) 14,267 (113,971) (49,562) (118,723) (35,295) Net movement At in funds 29.2.20 £ £ 14,351 32,677 48,410 51,678 62,761 84,355 |
|---|---|
continued...
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Notes to the Financial Statements - continued for the Year Ended 28 February 2021
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 46,919 148,690 195,609 |
Resources Movement expended in funds £ £ (32,568) 14,351 (100,280) 48,410 (132,848) 62,761 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
Net movement At 1.3.19 in funds £ £ 18,326 28,618 3,268 (1,152) 21,594 27,466 |
At 28.2.21 £ 46,944 2,116 49,060 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted Restricted funds Restricted TOTAL FUNDS |
Incoming resources £ 65,938 213,099 279,037 |
Resources Movement expended in funds £ £ (37,320) 28,618 (214,251) (1,152) (251,571) 27,466 |
|---|---|---|
continued...
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Notes to the Financial Statements - continued for the Year Ended 28 February 2021
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2021.
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Detailed Statement of Financial Activities
| for the Year Ended 28 February 2021 Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 16,366 - Arts Council Grant - - The Peoples Health Trust - 6,863 Lloyds Tsb Foundation - - Henry Smith Charity - - John Ellerman Foundation - - Co producer contributions 585 - Small Grants - - Network for Social Change - 15,632 Quartet Community Grant - 9,990 16,951 32,485 Charitable activities Box Office Receipts 624 - Interest and Refunds 1,444 - 2,068 - Other income Government Grants - 31,924 Total incoming resources 19,019 64,409 EXPENDITURE Support costs Management Payroll - 60,738 Rent (incl Theatre Hire) - 191 General Running Expenses - 13,269 Miscellaneous Production Costs - 2,782 Training - - Travel - 3,404 Carried forward - 80,384 |
28.2.21 Total funds £ 16,366 - 6,863 - - - 585 - 15,632 9,990 49,436 624 1,444 2,068 31,924 83,428 60,738 191 13,269 2,782 - 3,404 80,384 |
29.2.20 Total funds £ 45,349 870 15,100 48,500 50,000 30,000 1,220 3,000 - - 194,039 1,107 463 1,570 - 195,609 52,498 9,583 10,231 6,323 75 12,559 91,269 |
|---|---|---|
This page does not form part of the statutory financial statements
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Detailed Statement of Financial Activities
for the Year Ended 28 February 2021
| Unrestricted Restricted funds funds £ £ Management Brought forward - 80,384 Subsistence - 72 Promotional Materials - - Theatre Trips 50 - Charitable Donations 986 - Freelance Workers and Artists 3,367 28,500 Net Fixed Assets 349 613 Trustees remuneration - 4,402 4,752 113,971 Governance costs Impairment losses for tangible fixed assets - - Total resources expended 4,752 113,971 Net income 14,267 (49,562) |
28.2.21 Total funds £ 80,384 72 - 50 986 31,867 962 4,402 118,723 - 118,723 (35,295) |
29.2.20 Total funds £ 91,269 9,280 378 1,879 1,694 23,211 1,249 3,753 132,713 135 132,848 62,761 |
|---|---|---|
This page does not form part of the statutory financial statements
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