``` 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 ```