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 2022
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 2022
|
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 2022
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwith the financialstatementsof the charityfor the yearended28 February2022.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited 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
D McAleer
H Groves (resigned 4.5.22)
E Wilson (resigned 1.8.21)
S James
I Robinson
E Martell (resigned 18.2.22)
Dr S Chambers
W Murphy (appointed 7.9.21)
J Foley (appointed 29.9.22)
R Kullar (appointed 1.8.22)
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
Stepping Out Theatre
Report of the Trustees
for the Year Ended 28 February 2022
.................................................................
R Kullar - 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')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
28 February 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobe auditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationI havefollowedtheDirectionsgivenbytheCharityCommissionunderSection 145(5)
(b) of the 2011 Act.
Independent examiner's statement
I have completedmy examination.I confirmthat no mattershave come to my attentionin connection with
the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Robert Branch
ICAEW
Moore
Chartered Accountants
First Floor
29 St Augustine's Parade
Bristol
BS1 4UL
Date: .............................................
Page 3
Stepping Out Theatre
Statement of Financial Activities
for the Year Ended 28 February 2022
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
6,823
Charitable activities
Charitable Activities
3,953
Other income
(585)
Total
10,191
EXPENDITURE ON
Charitable activities
Charitable Activities
14,709
NET INCOME/(EXPENDITURE)
(4,518)
RECONCILIATION OF FUNDS
Total funds brought forward
46,944
TOTAL FUNDS CARRIED FORWARD
42,426 |
Restricted
funds
£
169,615
-
22,694
192,309
152,573
39,736
2,116
41,852 |
28.2.22
Total
funds
£
176,438
3,953
22,109
202,500
167,282
35,218
49,060
84,278 |
28.2.21
Total
funds
£
49,436
2,068
31,924
83,428
118,723
(35,295)
84,355
49,060 |
|
|
|
|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 4
Stepping Out Theatre
Balance Sheet
28 February 2022
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
6
124
CURRENT ASSETS
Debtors
7
-
Cash at bank
42,302
42,302
NET CURRENT ASSETS
42,302
TOTAL ASSETS LESS CURRENT LIABILITIES
42,426
NET ASSETS
42,426
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
19,994
3,000
18,858
21,858
21,858
41,852
41,852 |
28.2.22
Total
funds
£
20,118
3,000
61,160
64,160
64,160
84,278
84,278
42,426
41,852
84,278 |
28.2.21
Total
funds
£
2,785
-
46,275 |
|
|
|
46,275 |
|
|
|
46,275 |
|
|
|
49,060 |
|
|
|
49,060 |
|
|
|
46,944
2,116 |
|
|
|
49,060 |
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 28 February 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(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...
Page 5
Stepping Out Theatre
Balance Sheet - continued
28 February 2022
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
R Kullar - Trustee
The notes form part of these financial statements
Page 6
Stepping Out Theatre
Notes to the Financial Statements
for the Year Ended 28 February 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'The FinancialReporting Standard
applicablein theUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover 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
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
continued...
Page 7
Stepping Out Theatre
Notes to the Financial Statements - continued
for the Year Ended 28 February 2022
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
28.2.22 |
28.2.21 |
|
£ |
£ |
Depreciation - owned assets |
697 |
962 |
Surplus on disposal of fixed assets |
(5,535) |
- |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees'remunerationor other benefitsfor the year ended 28 February2022nor for
the year ended 28 February 2021.
Trustees' expenses
Trusteeshave been reimbursedfor servicesprovidedand/orincurredin the courseof their work for
the charity.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
28.2.22 |
28.2.21 |
Project Co-ordination |
2 |
2 |
No employees received emoluments in excess of £60,000.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
16,951
Charitable activities
Charitable Activities
2,068
Other income
-
Total
19,019 |
Restricted
funds
£
32,485
-
31,924
64,409 |
Total
funds
£
49,436
2,068
31,924 |
|
|
83,428 |
EXPENDITURE ON
continued...
Page 8
Stepping Out Theatre
Notes to the Financial Statements - continued
for the Year Ended 28 February 2022
5. |
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 |
|
|
|
|
|
4,753 |
113,970 |
118,723 |
|
NET INCOME/(EXPENDITURE) |
14,266 |
(49,561) |
(35,295) |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
32,677 |
51,678 |
84,355 |
|
TOTAL FUNDS CARRIED FORWARD |
46,943 |
2,117 |
49,060 |
6. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
Plant and |
|
|
|
|
machinery |
|
|
|
|
£ |
|
COST |
|
|
|
|
At 1 March 2021 |
|
|
15,324 |
|
Additions |
|
|
19,996 |
|
Disposals |
|
|
(14,725) |
|
At 28 February 2022 |
|
|
20,595 |
|
DEPRECIATION |
|
|
|
|
At 1 March 2021 |
|
|
12,539 |
|
Charge for year |
|
|
697 |
|
Eliminated on disposal |
|
|
(12,759) |
|
At 28 February 2022 |
|
|
477 |
|
NET BOOK VALUE |
|
|
|
|
At 28 February 2022 |
|
|
20,118 |
|
At 28 February 2021 |
|
|
2,785 |
continued...
Page 9
Stepping Out Theatre
Notes to the Financial Statements - continued
for the Year Ended 28 February 2022
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
8.
MOVEMENT IN FUNDS
At 1.3.21
£
Unrestricted funds
Unrestricted
46,944
Restricted funds
Restricted
2,116
TOTAL FUNDS
49,060
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Unrestricted
10,191
Restricted funds
Restricted
192,309
TOTAL FUNDS
202,500 |
28.2.22
28.2.21
£
£
3,000
-
Net
movement
At
in funds
28.2.22
£
£
(4,518)
42,426
39,736
41,852
35,218
84,278
Resources
Movement
expended
in funds
£
£
(14,709)
(4,518)
(152,573)
39,736
(167,282)
35,218 |
|
|
continued...
Page 10
Stepping Out Theatre
Notes to the Financial Statements - continued
for the Year Ended 28 February 2022
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
Unrestricted
Restricted funds
Restricted
TOTAL FUNDS
Comparative net movement in funds, included in the above a
Unrestricted funds
Unrestricted
Restricted funds
Restricted
TOTAL FUNDS |
r
|
At 1.3.20
£
32,677
51,678
84,355
e as follows:
Incoming
resources
£
19,019
64,409
83,428 |
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) |
|
|
|
|
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 1.3.20
in funds
£
£
32,677
9,749
51,678
(9,826)
84,355
(77) |
At
28.2.22
£
42,426
41,852 |
|
|
84,278 |
continued...
Page 11
Stepping Out Theatre
Notes to the Financial Statements - continued
for the Year Ended 28 February 2022
8. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
Unrestricted
Restricted funds
Restricted
TOTAL FUNDS |
Incoming
resources
£
29,210
256,718
285,928 |
Resources
Movement
expended
in funds
£
£
(19,461)
9,749
(266,544)
(9,826)
(286,005)
(77) |
|
|
|
9. RELATED PARTY DISCLOSURES
Duringtheyear,anamountof£14,578(2021:£4,402)waspaidtotrusteesforservicesrelating to
therunningofthecharity.Theseserviceshavebeenprovidedinadditiontotheirrolesas trustees
and have been charged at normal professional rates.
Page 12
Stepping Out Theatre
Detailed Statement of Financial Activities
for the Year Ended 28 February 2022
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS
Donations and legacies
Donations
6,823
-
Arts Council Grant
-
12,400
The Peoples Health Trust
-
19,100
Lloyds Tsb Foundation
-
25,000
Henry Smith Charity
-
25,000
Co producer contributions
-
-
Small Grants
-
13,115
Network for Social Change
-
-
Quartet Community Grant
-
-
Garfield Weston Foundation
-
15,000
The Foyle Foundation
-
20,000
Paul Hamlyn Foundation
-
25,000
The Clothworkers' Foundation
-
15,000
6,823
169,615
Charitable activities
Box Office Receipts
2,182
-
Interest and Refunds
1,771
-
3,953
-
Other income
Gain on sale of tangible fixed assets
(585)
6,120
Government Grants
-
16,574
(585)
22,694
Total incoming resources
10,191
192,309
EXPENDITURE
Support costs
Management
Payroll
-
57,746
Carried forward
-
57,746 |
28.2.22
Total
funds
£
6,823
12,400
19,100
25,000
25,000
-
13,115
-
-
15,000
20,000
25,000
15,000
176,438
2,182
1,771
3,953
5,535
16,574
22,109
202,500
57,746
57,746 |
28.2.21
Total
funds
£
16,367
-
6,863
-
-
585
-
15,631
9,990
-
-
-
- |
|
|
49,436
624
1,444 |
|
|
2,068
-
31,924 |
|
|
31,924 |
|
|
83,428
60,738
60,738 |
This page does not form part of the statutory financial statements
Page 13
Stepping Out Theatre
Detailed Statement of Financial Activities
for the Year Ended 28 February 2022
Unrestricted
Restricted
funds
funds
£
£
Management
Brought forward
-
57,746
Rent (incl Theatre Hire)
7,507
6,332
General Running Expenses
-
9,536
Miscellaneous Production Costs
90
9,423
Travel
-
9,830
Subsistence
2,512
3,537
Promotional Materials
-
263
Theatre Trips
885
1,500
Charitable Donations
512
-
Freelance Workers and Artists
2,966
39,368
Net Fixed Assets
237
460
Trustees remuneration
-
14,578
14,709
152,573
Total resources expended
14,709
152,573
Net (expenditure)/income
(4,518)
39,736 |
28.2.22
Total
funds
£
57,746
13,839
9,536
9,513
9,830
6,049
263
2,385
512
42,334
697
14,578
167,282
167,282
35,218 |
28.2.21
Total
funds
£
60,738
191
13,269
2,782
3,404
72
-
50
986
31,867
962
4,402
118,723
118,723
(35,295) |
|
|
|
This page does not form part of the statutory financial statements
Page 14