THE TELLtNG
{CHARtFABLE INCORPORATED ORGANISATION)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CHARITY COMMISSION REGISTRATION No. 1181802

THETELLING
INDEX TO FtNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page No.
Trustees. Annual RepKJrt
13
Independent Examiner's Report
14
Statement of Fil￿1claI Activities (including Incotne and Expenditure Account)
15
Bal8n¢¢ Sheet
16-24
Notes to the Financial Ststements

THE TELLING
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees pres¢nt their report and financial stat¢ment5 of the charity for the year ended 31 March 2025.
The Trustees have &dopted the provisions of the Statement of Recommended Pra¢lice (SOIiP) "Accounting
and Reporting by Charities" (FRS 102) in preparing the annual report and financial slatements of the charity-
The financial statements have been prepared in accordance with the aceoullting policies set out in notes to the
a¢counts and comply with the charity's Constitution, the Charities Act 201 l and Accounling 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 published in October 2019.
Objeelives ondAclivilies
The trustees confirn) that they have complied with ihe duty in section 17 of the Charities Act 2011 to have due
regard to the Charities Commission's general guidance on public benefit. This is borne out by deliveries of
activities outlined in this r¢pori which are in line with the main objectives of The Telling and the activities to
deliver against those obj￿tives.
Th¢ Telling aims to advance the arts and education for the public benefit. We do this through the promotion,
support and encouragement of musi¢ and theatre by presenting perforniances, workshops talks and recordings,
often combining music and theatre and taking perfomiances to places to tEach people who do not usually
access such perfonnances.
a) give high quality perfomianc¢s. f￿￿sIng on performances wh¢r¢ music and theatre collid¢ in interesting
ways
b) work with young people in schools and amateur perfonners. singer5 and instrumentalists from a variety of
walks of life, enabling them to develop and improve their creative. dratnatic and musical skills.
We perfonn across the UK and, alongsid¢ a series of engagements, run our programme of residencies targeting
places where there 15 little Classical or early music touring wliich are currently Liverpool, Barrow
Peninsulalsouth Cumbria, Lancaster. Manchester, Colchester, Folk¢stone, Conwy, Cardiff. Bedford and
Wolverhampton.
We combine theatre, new writing, music (including early musi¢. classical, world music, folk music and music-
theatre) to reach people who are not usually attracted to classical concerts - but also io use music to heighten
feeling, give insight to the dram4 characters anthor plot or to cut against the plot in interesting ways.

THE TELLtNG
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
We perfomi in churches, theatre5, art centres, pubs, Church halls, Community centres, taking perfomance deep
into the heart of cotnmunities. We often ￿￿ornI in and around audi¢n¢¢s and use costume, stage lighting and
candlelight.
We engage a pool of leading director4 actors, musicians. lighfing designers, composers and costume makers.
Our Artistic Director, Clare Norburn has devised a new genre where music and drama collide.
concertlplays liave attracted 4-Star revieiys in The Times and The Guardian and perforn)ances at
Bridgew#ter HAII, St George's Bristol. St Martin-in-the-Field$ and LSO St Lukes. The stage director we
work with, Nicholas Rentoll directed Andrew Davies. BAFTA nominated Mrs Gaskell's ￿¢Ve$ and
Daughters for BBC TV and episodes of Lewis, Mmskdeers, Sileni WilKes3 and George Genlty.
We have been on BBC Radio's In Tune, Woman's Hour and Saturday Live and p¢rforn)ed for promoters
including Beverley Early Music Festival, Music at Oxford, Buxton International Festival, Lake Di5tritt
Summer Music, Brighton Early Music Festival, Newbury Spring Festival, Little Mi55endeD Festival and
Keele Arts. We have released three CDS- all on the First Hand Records label.
Achievemenls and Performance
This is the Trustees sixth report to the Charity Commission.
TOURtNG PERFORMANCES AND WORKSHOPS
Summa
The Telling atteinpts to break rtew ￿Ound, where new writing by Artistic Director Clare Norbum and musi¢
collide. We tour high-qualiry, a¢cessible and affordable productions.- combining engagements by leading
promoters with self-proTllOtions in pla¢es that ar¢ often missed out on touring circuits, including building
audiences and partnerships in Wolverhampton, South Cumbri& Conwy (Notth Wa]¢s), Bedford and
Folkestone.
2024125 saw us give 42 UK perforniances re￿hIng over 3000 people and 4 workshops/outreach sessions
including at Beverley Early Musi¢ Festival, NeTvbury Spring FesÉival, Hallé St Peter's Manehester,
Brighton Early Music Festival, Manchester Jewish Museum, Strnrford Playhouse, Silsden Town HalL
Arena Theatre Wolverhampton, OSO Arts Centre Barnes, Portico Library I¥tsDchester and Stoke
Newington Early Music Festivydl. Alongside paid eiigag¢ments, we are also unusual in the way that w¢
fuiidrdise to take perfomiances to places which "miss out" in acoessing touring circuits.. so our tours are a
mixed economy of guaranteed fees, box office splits and self-promotions, backed by reciprocal marketing
partners on the ground. In 2024125. we continued to fundraise and tour to our Residency places which
otherwise miss out on accessing professional music and tlieatre touring. We also developed a new residency
in Lan￿ster and built relationships with repeat venues Silsdell Town HAII who offer us a guaranteed fee, and
OSO Arts Centre in Barnes who operate a box oifice split and eii&bled our first week-long run.
Particular Achlevements
In June 2024. The Telling won the prestigious Audieoce Parti¢ip*tioD of the Year Ajvard organised by
the European Early Music orgaDi5ation, REMA for our Songs and Stories project in partnersliip with
animateur S&rah Atter and Wolverhampton Refugee and Migrant Centre in January and February
2024. Artistic Director, Clare Norburn travelled to Stockholm to re¢¢ive the award and was invited onto BBC
Radio 3.5 The Early Music lo talk about the win (our second time on the show in 2024, following an hour-
long feaÉure on our work in March).

THE TELLtNG
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
In November 2024, Mie Telling toured our Charles Dickens show (written in 2023), Fyhat ¢he Dickepis,. whicl)
starred seven actor-musiciaJ)s who all a¢t¢d, saiig, played instrwnents and danced- 50tnetime5 all at the same
timel Tlie show was the vehicle through which Tlie Telling achieved its first week-long riin, at OSO Arts
Centre in Barnes, attrdcting three 4-star reviews and a 5-star review. a haiip7tiP7gly brillianl exploralion of one
of lilLJrciliire's grealL'si fi￿{￿¥5. li ipiuslerfiilly ipilertwi17es ficlii)n upid rgulity. givzpig w)ELe to IhÉ H)f)Inepi
overshadomied by DiLken.s 'fame.
Pink Prince Theatre. Plus, the whole cast were invited on BBC Radio
3's InTune to perform botii music and dialogue excerpts from the sliow.
The Telltng peijormiiiig lfylial Ihe L}icA¥￿.
The hallmark of our work is our distinctive collision of music and drama. Our early progrdmrnes started
with early Inusi¢ aiid drama, but we are increasiiigly expandiii&F beyond that remit, whilst keeping our ¢arly
music still tn our repertory. The Telling's prourammes are written by Clare Norburn whose latter work takes
inspiration from Brecht, often tearing down the fourth wall, and iconoclastic TV playwrigh( Deiinis Potter,
exploring the nexus between memory and the chardcters, inner or fa]Itasy lives, and harnessing music's ui1iqU¢
capacity lo trigger memories and feelings. Several are political or provide comim¢nlary oli current issues seen
through the ]￿lS of tli¢ past. For example.. celebrity cultyre and #MeToo a￿ explored in Wha¢ ihe Dicko￿ll$. and
Into the Meltipig Pot focuses on religious and culturnl intolerance and the plight of refugees
"Clore Norb￿￿ take.$ momeiiÉs ip7 hisiory 10 make its understand the preseTTt more clearlv" Robin Soans.
playwrig]It
View a list of Mie Telling's projects here.. li i¥.tIILt¥llinEI.Ll).IILi.
riTrik iJ111m¢s

THE TELLtNG
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
Tourin
aims..
While we maintain a commitment to fundraise to take work to places which miss out (whieh meaiis more
expensive and higher risk self_promoted events), we will combine that funded work with paid engagements
and box office splitlshared risks to create a more sustainable model. In 2024125, this included engagement5
at Beverley Early Music Festival/NCEM. Newbury Spring Festival, Brighton Early Music Fe81ival,
Silsden Town Hall (two perfomiances) and multi-date runs at OSO Art5 Centre in Barnes, and retum visits
and growin8 partnerships with AreDa theatre, Wolverhampton and St Edwards in Cardiff.
Th¢ Telling's pioneering Touring #ttd Proje£t fund is our key overarching programme. Within thi5, our
Residen¢y Programme aiins to build audience5 by taking p¢rfoTman¢es to pla¢¢s ihat 'kniss out"
We aim
to create equal Aece5s for low-engaged communities in areas of economic disadvantage. where other
performing arts org2ni$2tion$ dare not tour.
In the 2024125 finaiicial year, we grew audiences in the following places, which otherwise receive a limited
touring or early tnusic offer.. Manchester (3 perfornian¢¢s), Liverpool {2 Ferformances), Cardiff (3
perforniances), Bedford (2 pKrformances), Colchestsr, Folkestone (2 perforniances). Conwy N Wales.
Lancaster (2 perforniances). Wolverhampton (2 perforniances) and South Cumbria (Ulverston)-
We ran 5 touring projects which were..
l. Into ihe Meliing Pot.. set in 1492 in a Spanish Christian/MuslittVJewish community, a Jewish woman
(played by Suzanne Ahmet {National Theatre, Chester Storyhouse)) is forced to leave. Her story is
startlingly contetnporary, with resonances to Windnjsh, Black Lives Matter & recent antisemitism,
and is played out to a soundtrack of plainlive Sephardic songs & lively Cantigas which fuse medieval
& Arabic instrumei)tslstyles, making early music accessible to a wid¢r &udien¢e. 4performance5 and
1 screening of¢hefilm adaplion.. May 2024.
2. 1, Spie." the story of renaissance composernutenist John Dowland's (played by Dominic Marsh
(Kneel)igh Theatre)) brnsh with the Secret Service and how he manages to foil an Italian plot on the
life of Qu¢¢n Elizabed) 1. 13performnnces.' June 2024
Fvhat the Dickens.
On his final Christmas Eve, Charles Dickens is haiinted" by the women he
mistreated.. liis wif¢ and Tnother of his ten childreii, Catl)erine Di¢k¢ns and his se¢r¢t young mistress,
Ellen 'Nelly' Teman, who force him to face hi5 past) present and future. Can Dickens leam from
them, ￿pent - and be saved, as Scrooge was saved? 11 perforniances.. JVowember/December 2024
4. The Telling Unchained including Christmas mini-series.. Ihe Christmas edition of our popular
alternative concert.. a fun, relaxed and informal perforni&nce of early music mixed with folk,
improvisation, jatnming and plenty of audience participation- including in a pub, in Liverp(￿] and at
Portico Library in Manchestsr in December 2024 3performances.' December 2024 plus for
WalihanLStowMufic IN ihe fillage in Jmfy 2024 rtftdBrighton Early Music Festivalin October 2024
5. Creating Carmen." Prosper Merimée (NiAll Ashdown (Ivhose Line Is Ii Anyway? The CopNeLfy Siore
Players. Improbable) has writers block when hi5 leading character, Carnien {Su72nne Ahmet), turns
up in liis study? larger than life. with a band of musicians in tow and chaos in her wake...
collaborntion project with Carmenco. Ioperformances." JanMary/February 2025.
Plus. we brought a one-off perfomiance of our Lullaby Con¢ert to Stoke Newington Festival in July 2024.
Into tJFe Meliing Pol, Creafivg Carmen, I. Spie and What the Dickenj.? were directed byNi¢holas
Renton {BAFTA-nominated Mrs Gaskells Wives and Daughters, Musketeers. A Roorn With A View. Lewis.
Siltni Wifftess) and wrirren by singer/playwright, Clare Norburn.

THE TELLtNG
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
Thd Tgllf17¥pErforming ("reariiig CarFnvn photo Robert Pt>*ko
LIVE WORKSHOPS.. Wliile on tour, we capitalise on brintring high-quality artists to excluded communities
arouiid the county by offering music workshops to local coffitnunities. During the year, we brought our Supigs
and Siories project, inspired by Intn ihL) Meliin¥ Pol, to Manchester Jewish Museum in Aprillmay 2024. in
collaborntion with acclaimed musicianlanimateur Sarah Atter. The participants recorded th¢ir creations which
are available online (www.th¢telling.co.ukJm¢r-songs) and a small exhibition was displayed at the Mancliester
performance of Inlo ihe Melring Poi.
In November 2024. 40 GCSE English students studying A Christmas Carol froin Our Lady and St Chad
Catholic Academy. Wolverliampton and 13 dt2ma students from M05eley Park School, Wolverhampton
atteiided Ili¢ dress rehearsal of the sliow at Arena Theatre, Wolverhampton. followed by a Q&A with the
playwright, Clare Norburn. We received the following feedback from the leacher at OLSC.. Ii MIQS such a
valuable experiepicefor ihe studenls. Ii sparked lols of discussion on ihe back on ihe in1p￿t ofDickens'
life upon ihe text. It helped io bring this lime￿rIOd io lifefor the sthdenls.
Then in December, playwright Clare Norburn and animateur Sarah Atter delivered two interactive workshops
at OLSC to a further 80 GCSE students studying A Chrislmas CLm)l {different students to those that atteiided
thc dress rehearsal), to explore the ¢li&racters of the novel to a deep¢r level dirough a mi.x of dra]na and music.
"ii broughi [Ihe characiers] io Ifi e il Showed us 1￿MI tkey woiildreally acl"
student feedback

THETELLING
TRUSTEES, AWNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
In addition, Whai ihe Dickens. was selected by EXTANT Theatre (who had partnered with Arena Theatre in
Wolverhampton) to receive frec support to make the show a¢¢essible to visually itnpaired audiences. During
the rehearsal period, three of our artists (writer/singer Clare Norburn, actorlviolinist Alex Knox and
composerlkeyboardist Steven Edis) received tr&ining from EXTANT Theatre's facilitators to present a Touch
Tour and programtne notes pr¢s¢ntation ahead of the show. This means ourteam iiow has skills and experience
that we can adapt to deliver future Touch Tours for visually impaired audiences.
In February 2025, Carnienco (who we partiiered witli to perform Creating Carmen) brought their 'Pocket
Opera, perforinaiice and worksliop proj¢¢t to 45 pupils in Year5 10, 1 l and 13 at Cardiff West Community
High S¢hool.
artistic team.. Our creative team is l¢d by Artistic Director cla￿ Norburll (playwright, producer and
former soprano) who won the 2023 Colin Skipp Memorial Radio Playwriiing Competition and was one of 7
writers, selected out of 400, for BBC/ACE-funded Th¢ Spa¢e's Pl￿￿ Perfect schetne to receive mentoring and
be ¢ominissioned to develop a play with music for national BBC radio.
Our regular acclaimed
director Nieholas Renton cut his teeth in theatre, going on to direct at the RSC and then spent 30 years
dIr￿ting for the BBC and ITV. including being BAFTA-nominated for BBC Tv's Mrs Gaskell's Wives and
Daughters. Our lighting designer is Natalie RowlAnd. We work with a creative pool of:
leading actors including Alec Newman, Raebael Stirling? Danny Webb, DoTninic Marsh, Clive
Hayward, Karen Ascoe, Molly Lynch, Susan Tracyj John Sackville, Ger￿d Kyd, Suzanne
Ahmet, Teresa Banh*m, Leila Mimmack and NIAII Ashdown
acclaimed musicians including many who are early music S￿cIalIstS including Emily B4illes, Jean
Kelly, Jatnie Aker5, Clemmie Franks, Heloise Bernard, Giles Leivin, Alison Kinder, Avital
and MayA ikvy.
Audien¢e Feedback
We coiitinued to receive moving feedback from workshop participants and the public about our work. This is
just some audience f¢edba¢k questionnaire responses we rKeived-
Into the Melting Pot
"Ii was magnificen( and ihe slory ig af relevant today ay il way in Spain in 1492.
"Thank you so much for a deeply emotional. timely body of work I was me5merised by ihe singing and
instruments, and by the beautifvlly told bul chilling slory ofpersecuiion. You put your hearts inlo this and
conplecled wilh ihe ffl4dience.
"Thankyoufor the wonderfvl show ot Otley CoUrtho￿e last nighi. Ii evoked memories ofan evening concerl
in ihe Jewifh Quarler of Girona some ye(Trs ago. Such a rich legacy of wonderfvl music rooted in all the
pheL7val andconflict. Thankyou.
"We found if mesmerising, The audience was spellbound by the incredibly powerfvl performances thal
traptsported us buck over centuries. JustfapzÉaslic.
.. Thank9. '
' F￿CInating, bÉaulifyl aryd informalive fales like this are wluit W8 need more ofin the Norih. andpleaFe V￿11
YoTh.hire again soon.
I, Spie
"Husband, who isn'l into early mwic. loved it"
"Ihadnever enjoyed music earlier thaip 1600 biii last night The Telling changedall ihal"
"so differenl lo a norpl￿1 concert"
' Icame to ihe ierrific performance ofl, Spie in Folkesione and we spoke briefiy. Jjust wanted io affirm ihal
I'dlove lo help )4)u Myiih othei. [venue] suggEs¢iottf. li's wonderful workN)u're doing- dopuÉ me op7 a mailing

THE TELLtNG
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
"Mvpai'tn¥p' aiid Icame Éo.¥ee ikeperfi)rinllpiLe oll. Spte la.ft iiiglif ipi F()IkL).s[Iiiie. Whai u ihrilliiTg cmdJpecTal
perff)fnTcTncL? if MYaS - grgal scripl, cuiisiiinii7ale actiipgandsoni* MJond¢ifiil repioisfythzcg Miists. Ic) *iiTbcHllish ai
iiiforni the slorv.
"BeL7111ifiil music. exquisile singiiig, cleverplol aeliiig exeLpll#pit"
'ExqLiisitL* musical perfc)rmctFiCg broiight to lif¥ brvughi io life 7viih ils ingenioiis drainaliJalion, cle)yer
dii1logziL) fflid a.¥pontUllLOiiS iialure
"Perfgcl Loiiibination of early ijiusic, draiiia and harli￿nY
TIIL lilliRFsp¥rfurwEn¥ l. Spie-phulo Rubei'l Piii,ko
What the Dickens.
'Toiallv L7bsorbed.. loved ihepacv slorylelliiig ai7d ihe historical o¢ciffory"
"I really luved ihe 5hoM,. II jniciginalivLJ uiidLJpigaging. Brilliuiii i<l¢o M,hich broiighi togeilKJr Dickgpis life,
hi.v w'i)rk mii.fic olihe tim¢ . Rare ro get Jiich origiiilllify thid entertoinine171 in one production . Excelleiit
slaiidard of acling aild miisic. Thankyoii
'Brzlliaiil .Yh¢)MJ
J If)ved ihe eiFery (IPFd th¥ singiiig. Ipiieresiilig fake on Dicken5, which I dldn i hiomy about
bef(yre"
"Superb storyliiiL' apicl ￿'¢I1-Crafted&erIPl. An e.rcLptioiial apidgified MirilL*r af Miork h(￿re.
'Tl?e coinbiiialion of ni¥.Yic uiid.fÉorylelliTTg is iinique and beaulifiillv and.¥kTlfvllv execulgd.
"It greatfun ¢7PFdsuch a clever idea. 1¢ M?as gxeculed 30 Myell appd all ip7voliicd so¢iKcd iu be rglislii17g if -
"DgsÉr￿s to be c)n Q m&fch biggL￿r stages (N7dseeii by niany inorepeople.
"Luved il. Brillianl ev*ry wuii MdclLi nief¢p¢l vervpleased fo IFOVLJ C(Jme andJeen il. A17d imprcpJ5ed with all
your ialeiils.

THETELLfNG
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
"We Éhought ike scripl and Ihe acling Miere excellent. Thv mLisical numbers were also enjr)yable. The Mihole
story was ingeniouslypul together apid linked with Dickpis s life.
"li wasfabulous. Iloved ih¢ inienveaving ofihe buok iexl wilh ihe siory, the use ofihe live music iha¢ was an
equalpartner Éo the words. Such upi oulsi(mdingperformance wilh a small casl. l truly can.! thlnk of anyihing
Idisliked. Pfrfeclfor rhe 5ea50n a5 well.
The Telling UDcbiiDed at Christmas
"Really enjoyed il. Greal range of insÉrumenls and differenl muyic. Audi¥nce participaiion greaifyn undfeli
very informal. ConfIden¢pl￿T￿g andsinging.
"I loved ihe skill of ihe perfornlers, Ihe beauty ofrhe music and the engagemenl ofplayers wilh ￿￿leNce.
"Loved all of it. Jntimale and involvingperforAJ7ance"
"Réally loved il. Participation wa¥ so uplifting, mfide mefeel happier. Loved the Spanish iiffles especially.
"Engaging, enjoyable, enihusiasin shines throiigh. Beaulifvl souKd & inleresling hislorically. Inipressi
petformthice - greaifvrt. '
"Absolulely lovely. Clare I￿5 a beautifyl voice and ihe harpist was superb. Theprogramm¥ was so beaulifiil
and interesriFTg. li wa5 un unexpectedprivilege being af Clare s lasl singing conc¥rl- thankyo
Creating Carmen
"Theplol wos Jo original. The slmidard of mii.ficianship andacfing wasphenomenaL '
"Inspired, enlighiened and IK aw¢ of Éhe incredibly Idlenled cast, bringirig to life a highly original work"
"Grealperforniunce. Very enterlaEllllIg"
"Fabulous evening. Wonderful enterlainmenl. Thankyou. '
"It wa3 excellenl- Ihe nTUSiC, singing, acling and also the venue- very inliniale andatinospheric. Thorot4ghly
enjoyed il"
Marketim
and
ress covera
In each of our residency l(Kations we developed partnerships Wlth venues and other arts organisations that
helped us reach local audiences. We set up reciprocal marketing partnerships with local arts orwisatioiis at
each of our tour Socations, asking for their help li) spreading the word and offering to return the favour.
We successfully use Facebook Ad campaigtts- usually the higliest percentage of audience meinbers who fill in
our feedback questionnaires say they discovered the event through Facebook. This in combination with
reciprocal marketing with partner5 and a flyer distribution plan on the ground worked strongly togetlier.
We also worked hard to secure local press coverage and secured locAI BBC Radio interviews with BBC
Merseyside and BBC RAdio WM. We mentioned under achievements that the enlire cast of l*hftt ihÉ
Dickens. was invited on BBC Radio 3's InTune to perfonn both musi¢ and dialogue excerpts from tlie sliow.
**** "aplojrful patclnvork of reference.sfrom acraf.¥ the cellrt4rie.s ... .fure-fooled, enlerlaining ihealre ...
ap7 engaging Christmas ouling.
The Reviews Hub (NovemFKr 2024) on Whai ihe Dickep7s? at OSO Arts
Centre. Barnes
SHARING OUR LEARNtNG WITH OTHER ENSEMBLES AND COMPANIES
Given The Telling has an interesting forn)ula for developing residencies in areas where there is little or no
early music touring, we share our learning (boili successes and failures) so others can benefit from our learning
and ¢xplore how to tour and develop residencies themselves. We have been working with The Mancunium
Coiisort on a project in l&t¢ 2025 h¢lpin£ them develop fundraising and budgeting skills.

THE TELL￿G
TRUSTEES, ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
Financial Review
Our income continues to grow. from an average of £60-70k up to 2022123. to £136k in 2023124, wid th¢n in
the 2024125 year under review, we acl)ieved total income of £201,932.
Our reserves as of 31 st March 2025 were £13.49], although £17,783 of thi5 Is restricted funds received in
advance of 2025126 financial year towards projects in that period. This was offset by a small deficit of £7,518
on unrestricted funds at the year end. This deficit on unrestricted funds was subsequently elitninated in the
subsequent financial year through soine unrestricted donatioiis and a first application for Theatre Tax Relief.
Reserves Policy
The Trustees are acutely aware that, as a growing organisation, much mor¢ needs to be done in the ensuing
years to increase the charity's reserves and have set a target of £20,000, this being roughly equivalent to either
3 months, running costs or the amount considered prudent to mitigate against ]Nitential financial risks (such as
the last minute cancellation of a small-m¢dium tour or ¢ngagem¢nt). Th¢ timetable for meeting this updaied
reserves target has been set at 3-5 years to allow time to build up ihis amount at a sustainable pace.
At the year end the total unr¢strici¢d funds was a d¢ficit of £4.292 (2024- 8 surplus of £3226) which is short
of the charity's W)Iicy.
Going Concern
The Trustees considerthat, at the date of the signing ofthe RerK)rt and Accounts, the Charity is a going concern.
b￿d on their review of existing funds, secured income for future period5 and expected cash flows. This takes
into acwunt th¢ impact of the reduced level of grant from Arts Council England and th¢ ongoing evolution of
our business model.
FUNDERS
The model of our woA( is expensive and so, as well as tlie mixed economy of guaranteed fees from festivals
and venues, box offi¢¢ splits and self-proinotions. w¢ rely heavily on fundraised in¢om¢. ACE funding h&s
proved hard to come by since the pandemic. In 202412025 we were ILicky to secure an ACE grant of £17.777
towards Whal the Dickens? However, our main source of income is from trusts and foundations because, for
a small arts organisalion, we have particular skills in fundraising from trusts. The majority are small grants of
£1000- £5000. We also run appeals to the public.
The Telling is Tnost grateful to the individuals and organisations who supported the charity durin¥ the year.
Without them we would have struggled to enable our programme. For a small organisation to have raised
£59,160 from trusts in such a Challenging context shows tlie importance and distinctiveness of our work and
our ability to articulate that importance and to fundraise effectively.
All our funding has been toward aspects of our Touring and Project Fthad to enable us to take perfom]anees,
workshops around England, with & focus on places that miss out in being able to access most touring cir¢uits.
Since the end of the 20?4125 year, we are now exploiting opportunities, working towards an innovative model,
working with partner artistic collaborators (Cam)enCo on tlie project= Creating Carnien and young vocal
ensemble Tlie Maiicuniuin Consort on Breaking ¢lpe Rules in Autumn 2025)- This m¢ans that in sotne case5,
the partiier cat] front the applications. This has the double benefit that these partner organisations can learn
from our expertise, make connections with new funders and learn how to write applications, whilst also
eiiabling The Telling to benefit froin graiits froin trusts we ¢ould not approach, du¢ to many of thetn a5kiiig
for one. two or tliree-year gap5 before you can reapply.

THE TELLtNG
TRUSTEES. AKNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
ASSESSMENT OF MAJOR RISKS
Th¢ Trusfres have considered risks to which The Tellin8 is exposed and have established appropriate
procedures to mitigat¢ the impact of those risks. The outlook continues to b¢ a challenging one. Th¢ main
difficulties faced by The Telling and all other arts organisations is a perfect storm of rising costs, combined
with the eost-of-living also impacting significantly on ticket sale income and making promoters risk-averse.
However. we have learnt much about the challenges ahead which are likely to remain..
a) A need for enhanced funding to mitigate losses due to fewer promoter engagements, reduced f¢¢5 from
promoters and reduced li¢kel income from self-proTnoted events
b) A climate in which competition for funds (including from trusts and foundations) is fiercer than ever
Our future plans above detail how we have already made changes to the model of our work to involve mo
paid engagements alongside fundraising for our more risky re5idencies/self-prownotions, which depend on
ticket incotne and also an in¢rease in working in partnership to share risk and fundraising. The increase in
paid engagements will mitigate the risk, alongside plans to continue to build our fundraising, which continues
to illcrea5e significantly year on year. d¢spit¢ these challenges.
S¢ruclure. Governance and Managemen¢
Governing Docupnent
The Telling is a charitable in¢orporat¢d organisation and has no share capital. It registerd with the Charity
Commission on 30 January 2019 is governed by ils constitution. In the event of a winding up, while a
member or within one year of ceasin8 to be a member, th¢ member's liability 15 limited to £5.
Management
Managerially, Clar¢ Norbum continued in her role as Artislic Director on a pro bono basi% supported by our
General Manager Stephanie Pillinger. Thi5 management team, together with a focused and dedicated Board
of Trustees, has continued the strengthening of the organisation with tight controls over all aspects of planning,
including d¢¢iding on repertoire for programmes. scheduling. budgeting. and monitoring of financial forecasts.
Clare Norburn (who is also our playwright, producer and was a singer unlil h¢r ￿tIrement in Decemb¢T 2024)
ov¢rse¢s strategic and artistic planning, budgeting, fundrdisino and partnerships. Clare works approx. 2 days
& week for The Telling on a pro-bono basis. She is paid for singing, producing and ThTiting projects. She eanis
her living mostly from freelance fundraising.
Stephanie Pillinger, General Manager, has work¢d for The Telling since 2018, significanlly increasing her
skills each year. Steph oversees project management, logistics, marketing, press and works with Clar¢ to
suprA)n on fundraising aiid finan¢es. She also attends some of the live shows. She works for The Telling 3
days a week.
The Telling engages freelance musicians, actors, directors, ligliting designers. costume makers and other
creatives on a project-by-project basis. All are paid on a freelance rehearsal and project-by-project basis, and
none is a permanent employee of the cliarity.
Recruitment andAppoinlmenl olTrwiees
The Bourd of Trustees is responsible for the overall governance of the charity. The Trustees are not artists
involved in the charity's work.
10

THE TELLtNG
TRUSTEES, AWNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees undertake a skills audit to d¢tern)in¢ the skills to best support the object5 of the charity. Trustees
are recruited via an open recruitment proce55 which 15 advertised in the arts and charity presOwebsites and
through the charity's own website. social media and mailing list. A full Trustee pack is provided outlining the
landscape in whicli we operate. our history and business plans. The Trustees may be appointed at the
discretion, and with the approval, of the existing Trustees. New Truslees are briefed of their duties by existing
Trustees and by the Artistic Di￿tOr aiid General Manager who discuss the training needs of the new Trustee.
New Trustees are encouraged io attend trainin8 on the responsibilities and role of a Trustee.
Reference and Administrative Delails
Chariry regisiralion number.-
1181802
Principal gjfice..
168 Percy Road
Twickenham
TW2 6JF
Tru.stees
The trustees serving during the year and since the year end were as follows..
Catherine Magdalen Edis (Chair) (resigned l O January 2025)
Elizabeth Davies (Chair from l O January 2025)
Joann¢ Mclnlosh
Chung Hin Chloe Lam (appointed 10 January 2025)
No trustee received any remuneration for services during the period, other than those disclosed in note 7, nor
did they have any beneficial interest in any contract with the charity.
Banker..
HSBC
312 Seven Sisters Road
Finsbury Park
London
N4 2AW
Independeni Examiner..
Barcant Beardon Limited
Ch&rtered Accountants
8 Blackstock Mews
Islington
London
N4 2BT

TRUSTEES. ANNUAL REPORT (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
Th¢ Trus*es arc reSWi￿]e for wepfir1￿ the Trust￿$, A￿)￿￿ R¢wt and the fmancial statements io
accordall￿ with applicabk law ODd UDit¢d Kin8dLxn Accounting Standards (Unit¢d Kingdom Cyenettlly
Accep￿1 AceL)untin8 Prnctice).
The ]aw applicable to charities in Ell81ar￿ & Wales wuires the Trustees to prEp4re finaDcial *at¢m¢nts for
h financid period which show a tNe and fair view of the state of affairs of th¢ charity alld of the incomi
resources and application of resources of the cbarity that wiod.
se]￿t suitsble accounting ￿lIcI¢S th¢n appty them consistrntty.
4)bserve the methcd5 and principles in the CILaritics SORP 2019 {FRS 102).
make judgements and estimates that are ￿￿onable and prndent
state wh*#ber applicable a￿U￿(ing standards bave been follow4 SUbi￿t to any Materi￿ departur¢g
disclosed explained in the finaociat statementy and
prepar¢ th¢ fitwicial st8t¢tneDts ou the goia8 oon¢ern EL8is unless Èt is inappropriate to presttyne that the
The T￿￿ resp￿s]￿le for keeping accounting record5 vthich disclose with r¢asonable accuracy at any
time the financial N)sitioD ofthe charityand to enable them to ensurethattbe fman¢ial ststements CA)mpty with
the chariti￿ Act 2011, the Charity (Acc(Junts and RepoTts) Regulations 2W8 and the trovisions of the tr
d*1. Th¢y atE r¢spoDSI￿]c for 5afeguarth8 tbe a55¢ts of the clwity aod h¢n¢¢ for tsking reasonable *5 for
th¢ prevention and detection of fiaud and other iTre8ularitie&
Thig ryrr wa5 apwovedby the trustees co Is￿ J4K144
20 26 and si8oed on their behalf.
Elizab&h Davies
Cbair of Tn
12

DEPENDENf EXAMtNER'S REPORT
TO THE TRUSTEES OF
THE TELLNG
I report to the charity trustees on my examination of the &ccoutits of the charity for the year ended 31 March
2025, which are set out on pages 14 to 24.
Responsibiliiies andbasiF of report
As the charity's trustees you are responsible for the preparation of the accounts in a￿ordance with the
requirements of the Charities Act 2011 ('th¢ Aot").
I report in respect of my examination of the charity's ￿OUnts carried out under section 145 of the Act and in
Carrying out my examination I have followed all the applicable Directions giyen by the Charity Commission
under section 145(5)(b) of the Act.
Independent examiner's stalenwnl
I have completed my examination. I confirni that no material mattet3 h&ve come to my attention in connection
with the ¢xamination giving me cause to believe that in any material r¢spect:
accounting records were not kept in respect of the charity as required by section 130 of the Act- or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the forn) and content of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair view, which is not a matter considered as part of an independent
¢X8mination.
I have no concerns and have wme across no other matters in connectton with the ex8min&tion to whieh
attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
£01
Shu Fen Chung FCCA ACA
BARCANT BEARDON LIMITED
Chartered Accountants
8 Blackstock Mews
Islington
London N4 2BT
13

THE TELLTNG
STATEMENT OF FINANCIAL ACTtvtTIES (fNcLUDtNG INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Notes
Restricted Unrestricted
Funds
Funds
2025
2025
Total
Funds
2025
Totsl
Funds
2024
Income und endowmenlsfvm."
Donations and legacies
Charitable activities
59,160
91.906
50,866
151,066
50,866
96,647
39.420
Total income and endowments
59,160
142,772
201,932
136.067
Erpendilure on..
Charitable a¢tiviti¢s
41.377
150,290
191.667
143.930
Total expenditure
41.377
150,290
191,667
143,930
Nei income/(expendih4re)for theyear
17.783
{7.518)
10,265
(7,863)
Transfers between funds
Nel lncome/(expep￿IlUye) ondnei movepnent in
fimd¥for theyear
17.783
(7,518)
10265
{7.863)
Total funds brought fonvard
3,2?6
3226
11.089
Total funds Ca￿led fonv8rd
17.783
13,491
3,226
The statement of financial activities includes all gain5 and losses recognised during the year.
All income and expenditure derive from continuing ￿tIvItIes.
14

AS AT 31 MARCH 2025
2025
2024
c￿re￿AsSets
4,624
11.945
5.780
8J80
16.569
14.060
Crediiors: amounts fallin8 within on¢ y
.078)
{10.834)
CwrentANsets/lZlablliliaJ
13.491
3.226
NetAsseiWllabllhieJ
13,491
3226
Rtstricte4J FuAd$
li
17.783
(4,292)
3226
l3,49l
3226
Approved by the truths on 131&JAN4* 10¥* ond sign&J ott its ￿h&If.
Elizabeth Davies
Chair of Trustee5
Il* n(*e5 on pages 16 to 24 forni prt ofthe8¢ stAtement
15

THE TELLtNG
NOTES TO THE FfNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1.0 Accowiling Policies
The principal a￿OUnting poli¢ies adopted. judgements and key sourc¢s of estimation un¢¢rtainty in the
preparntion of the financial stAtements are as follows..
1.1 Basis ofPreparation
The Telling is a eharitsble incorporntion organisation. In the event of the charity being wound up, the
liability in ￿SpeCt of the guarantee is limited to £5 per member of the charity. The registered office is
168 Percy Road. Twick¢nham TW2 6JF.
The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements hav¢
been prepared in accordance with 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 issu¢d in October 2019, the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements are prepared under the historic cost convention. The financial statements are
prepared in sterling, which is the functional currency of the company. Monetary amount5 in these
financial statements are rounded to the nearest £.
Th¢ 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 r¢quired io provide a'true and fair
view,. This departure has involved following the Accounling 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) issued on 16 July 2014
rather than the Accountin8 and Reporting by Charities= Statement of Recommended Praclice effe¢tiv¢
from l April 2005 which has since been withdrawn.
1.2 Go￿g Concern
The Trustses consider that there are no material un¢¢rtainties regarding the Charity's ability to continue
as a going concern and have prepared these financial statements on this basis.
1.3 FundAccounting
Unreslricted funds are available for use at the discrelion of the trustees in furtheran¢e of the g¢ner
objectives of the charity and which have not been designated for other purposes. Designatd funds are
unrestricted funds earniarked by the trustees for particular purposes. Restricted funds are subject to
restrictions on their expenditure impKJsed by the donor.
1.4 Income Recognilion
All incoming resources are included in the Statement of Financial A¢tivities (SOFA) when the charity is
legally entitled to the income after any perfomiance conditions have been mel the amount can be
measured reliably and it is probable that the income will b¢ rrfeived.
Donated services and facilities, including gifts in kind, are included &t the value to the charity where this
¢an be quantified and a third party is bearing the cost. Noamounts are in¢lud¢d in the fina￿la] statements
for services donated by volunteers.
16

THE TELLNG
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
For donations to be recognised th¢ charity will have been notified of the amounts and th¢ settlem¢nt date
in writing. If there are conditions attached to the donation and this requires a level of perfornianc¢ beftJr¢
entitlem¢nt Can be obtained then income is deferred until those conditions are fvlly met or the fulfilment
of those conditions is within the conlrol of the charity and it is probable that they will be fulfilled.
Donations received with imp)sed restrictions are classified as restricted thnds.
Revenue grants are credited as incoming resources when they are re¢¢ivabl¢ provided conditions for
receipt have been complied with. Where grants awarded for specific concerts or events are received in
advanc¢ of th¢ p¢rformance, they are deferred so that concert and ¢vent Costs align with relat¢d income.
P¢rfornian¢e and outreach income is recognised in the period in which the activity takes place.
1.5 Expendithye Recognition
Expenditure is recognised i)nce there is & legal or constructiye obligation to transfer ¢¢onomi¢ benefit to
third party, 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 ¢lassifi¢d by activity. The costs of
each activity are 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 ar¢ allocafrd directly to that
activity. Shared costs which contribute to morc than on¢ activity and supwrt costs which are not
attributable to a single activity are apportioned between those activities on a b￿]$ consislent with the
use of resources.
Support costs are those costs incurred directly in supw)rt of expenditure on the objects of the charity.
Governance costs are those incurred in connection with administration of the charity and compliance
with constitutional and statutory requirements and are included in support wsts.
Costs of rdiSing funds are costs incurred in attracting voluntary income. and those incurred in trading
activities that rdise funds.
J.6 Siock
Stocks ar¢ CDS for sal¢ and are slated at th¢ lower of cost and estimated selling pri¢¢.
1. 7 Debtors
Trade and other debiors recognised at the settlement amount. Prepayments are valued at the amount
prepaid.
1.8 Crediiors and Provisions
Credilors and provisions are recognised where the charity has a present obligation r¢sulting frorn a past
event that will probably result in the transfer of fijnds to a third party and the amount due to s¢ttle the
obligation can be measured or estimated reliably. Creditors and provisions are nonnally recognised at
their sertlement amount.
17

THE TELLING
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
2.11 CrilicalAccounling Estimates andjUdgen￿llts
In the application of the charity's accounting policies, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities thal are not readily apparent
froTll other Sources. The estiTnates and associated as5UTnptions are based on historical ¢xp¢ri¢n¢¢ and
other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the ￿riod in which the estimate is revis¢d where the revision affects only
that period, or in the period of the revision and future ￿riodS where the revision affe¢ls tM)th ¢unEnt and
future periods.
3.0 Incomefrom Donations andLegacies
R¢stri¢t¢d Unr¢stri¢ted
funds
funds
2025
2025
Totsl
funds
2025
Total
funds
2024
Donations and gifts
Gift Aid
Grants
74,968
16,938
74.968
16,938
59,160
19,444
3,705
73,498
59.160
59.160
91,906
151.066
96,647
3. 1 Income from donation and legacies was £151,066 (2024 - £96,647) of whi¢h £59,160 (2024 - £73.498)
was attributable to restricted funds and £91,906 (2024- £23,149) was attributable to unrestricted funds.
18

THE TELLING
NOTES TO THE FtNANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
3.2 Analysis of Grants
2025
2024
Angel Early Music
Arts Council En8land
Cockayne Fund
Colwinston Charitable Trust
Continuo Foundation
Gale Family Trust
Grimmitt Trust
Scop5 Art5 Trust
Shoresh Charitable Trust
Sir John Fisher Foundation
The Darkley Trust
The Golsoncott Foundation
The Gwendoline and Niargaret Davies Charity
The Hadfield Tmst
The Harold Hyam Wingate Foundation
The Hugh Fraser Foundation
The James Beattie Charit&ble Trnst
The JTH Charitable Trust
Th¢ Marchus Trust
The Pear Tree Fund for Music
The Radclifft Trust
The Souter Charity
The Victoria Wood Foundation
The W M Mann Foundation
Unity Theatre Trust
WE Dunn Trust
3.000
17,777
5,000
8,000
4,000
1,000
1,200
3.000
25,195
6,000
5,000
,000
7,500
1.983
7,000
1.983
1.000
,200
2,000
1,000
1.500
2.000
2.000
1.000
500
870
5.000
2,000
2,000
3,000
2.450
3,000
1,000
500
1,000
1.000
59,160
73.498
4.0 Incomefrom Chan'¢ableAdivili
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Promotets. fees
Box office and CD sales
11,014
39,852
11.014
39.852
9.640
29,780
50,866
50,866
39,420
4.1 Income from charitable activities was £50,866 {2024 - £39.420} of which £nil (2024 - £nil) was
attributable to restricted funds and £50.866 (2024- £39,420) was attributable to unrestricted funds.
19

THE TELLING
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
5.0 Anafysis of Eypendilure on Charilable Aelivilies
Charitable Activities 2025
Activities
undertaken
directly
2025
Support Governance
Costs
Costs
Total
2025
2025
2025
Artists
Venues
Lighting
Travel and subsistence
Marketing
Film and CD production
Project administration
Sundry expenses
Bank charges
Accountancy
95.095
8,856
15,541
29,488
13,929
59
6,432
2,237
95.095
8,856
15.541
29.488
13.930
59
22.883
2,237
578
3,000
16.451
578
3.000
171.637
17,030
3,000
191,667
5. J Ch8ritable Activities 2024
Activities
undertaken
directly
2024
Support Governance
costs
costs
Total
2024
2024
2024
Artists
Venues
Lighting
Travel and subsistence
Marketing
Film and CD prcduction
Project administration
Sundry expenses
Bank charges
Accountancy
64,430
7.036
12,324
14,422
9,763
342
27,850
2,359
64.430
7.036
12.324
14.422
10.113
342
27.850
2,359
614
4,440
350
614
4.440
138,526
964
4.440
143,93Q
5.2 Of the £191,667 expenditure in 2025 (2024 - £143,930). £41,377 (2024 - £110,676) was attribut&ble to
restricted funds and £150.290 {2024 - £33.254) was attributable to unrestricted funds.
20

THE TELLtNG
NOTES TO THE FINANCIAL STATEMENTS (Conlinued)
FOR THE YEAR ENDED 31 MARCH 2025
O Net Income/(Erpendilure)for ihe Year
2025
2024
This is $taledaJier charging
Independent examiner's fee
3,000
4,440
7.0 Truslees Remuneralion andErpenses
Clare Norburn resigned as a tNstee on 21 September 2023. The following payments w¢re made to
her up the dale of her resignation. These payments were made in respect of servi¢¢s provided to the
charity as a perfornier and writer, and as authorised by the governing document and the Trustees-
2025
2024
Perfornlinglwriting fees
Expenses reclaimed
6,140
35
6,175
No other tn¢mbers of the Board of Trustees rtteived any remuneration or expenses during the year.
No trustee orother person related to the Charity had any personal interest in any contract ortransaction
ent¢rd into by the charity during the year (2024- nil).
&0 Debtors
2025
2024
P￿paYmeTrts
ACc￿ed income
714
3,910
2.139
3.641
4,624
5,780
9.0 Creditors.. Amounts Falling Due Iyithin One Year
2025
2024
Aceruals
D¢f¢rred income
3,000
78
4.440
6,394
3.078
10,834
21

THE TELLNG
NOTES TO THE FINANCIAL STATEMENTS (Conlinued)
FOR THE YEAR ENDED 31 MARCH 2025
10.0 Delerredlncome
Defe]r¢d income comprises of tnonies received in advanc¢ for perforni￿C¢S and events occurring after
the year end.
Total
Balance as &t l April 2024
Amount released to income earned from charitsble activities
Amount defe￿ed in year
6,394
(6,394)
78
Balance as at 31 March 2025
78
11.0 Art￿1$ of Chariidble Fundv
Unrestricied Funds- Curreni Year
Balance Incoming Outgoing Transfers
l Apr 24 Resources Resources
Balance
31 Mar25
General funds
3,226 142,772 (150,290)
{4,292)
Unrestricled Ft4nds- Previous Year
Balance Incotning Outgoing
l Apr 23 Resources Resources
Transfers
Balan¢¢
31 Mar24
General funds
10,870 62,569
(33,254) {36.959)
3,226
Name of unrestrictedfund
Descnpfton, nalwe apulpurposes oflhefynd
General funds
The"fre¢ reserves" after allowing for any designated ￿nds.
11.1 ReslrictedFunds- Cwrent Year
Balance Incoming Outgoing Transfers
l Apr 24 Resources Resources
Balan¢¢
31 Mar25
Touring and project fund
59,160
(41,377)
17,783
ReslrEcledFunds- Previous Year
Balance Incoming Outgoing Transfers
l Apr 23 Resources Resources
Balanc¢
31 Mar24
Touring and project fund
219 73,498 (110.676)
36.959
22

THE TELLING
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
Name 0frestr￿tedfUnd
Descriplior4 naiure andpurposes of Ihefvpttl
Touring and project fund
Funds raised specifically to deliver projects to rehearse and tour
those projects including developing audiences in places which do
not otherwise access any or much tourin8 perforniances.
At the year end the following funds are carried forward to be used in a future year.
Purpose
Colwinston Charitable Trust
Gale Family Trust
5.000
500
Welsh residency.. May-Nov 2025
Breaking the Rules perforniance in
Bedford in Nov 2025
Into the Melting Pot perfomiances in
May 2025
Into the Melting Pot perfomiance in
Wales in May 2025
Into the Melting Pot perfoTman¢e in
Wales in May 2025
Into the Melting Pot tour & outrea¢h:
May 2025
Scottish performances.. May 2025
Feb 2026
Scottish p¢rfornYdnces.' May 2025
Feb 2026
Refugee outreach project: May 2025 &
Hildegard tour- Sep 2025
Shoresh Charttable Trust
1,983
The Darkley Trust
300
The Gwendoline and Margaret Davies Charity
1.000
The Harold Hyam Wingate Foundation
2,000
The Hugh Frasv Foundation
2,000
The Pear Tree Fund for Music
2.000
Th¢ Souter Charity
3,000
17.783
11.2 The net Iransfer of£nil (2024- £36,959) from general funds to the restricted funds represents additional
funding towards the projects.
23

THE TELLtNG
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2025
12.11 Analysiv ofNeiAssets Behveen Funds- Curreni Year
Restricted Unrtstricted
Funds
Funds
2025
2025
Totsl
2025
Cash at bank and in hand
Other net current assets/(liabilities)
17,069
714
(5,124)
832
11.945
1.546
17,783
(4292)
13,491
Analysis ofNetAssels Behveen Fllll￿- Previous Year
Restricted Unrestri¢ted
Funds
Funds
2024
Total
2024
2024
Cash at bank and in hand
Other net current assetsl(liabilitie5)
8280
(5,054)
8.280
{5,054)
3,226
13.0 Re1￿edPaTty Transactio
Aside from trustee remuneration and expenses disclosed in note 7, one trustee had & close family
member who had transactions with the charity during the year. The trustee's family member was
paid £4,421 to provide musical service5 to the charity which includes being a ¢omposer. arranger and
perforn)ing at shows. In the previous year a trustee's family member was paid £1,681 for designing
costumes for the perforniers and relaled expenses. For each ￿nSaCtion, the trustees specifically met
to discuss the engagement and payment to the family member, at which relevant trustee was not
present. The remaining trustees felt that appointin8 this family memberwould save the charity money
in compari50tI with going to a composer who did not know the Telling's work.. and therefore, agreeing
this limited period of work was to the benefit of the charity and its Work.
24