Registered number: 09293224 Charity number: 1184076 TOTAL INSIGHT THEATRE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023 LUBBOCK FINE LLP Chartered Accountants Patemoster House 65 St Paul's Churchyard London EC4M 8AB
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe CONTENTS Page Reference and Adminlstratlve Detsils of the Charlty. its Tmstees and Advlsers Trustees. Report Independent Examinerfs Report ststement of Financial Activities Balance Sheel Notes to the Financial Statements 10-21
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees Lara Alake Rajib Baneriee Sophie Hamlet Aurora Horwood Giovanni Palmiero Company registered number 09293224 Charty registered number 1184076 Registered office 3rd Floor Patemoster House 65 Sl Paul's Churchyard London EC4M 8AB Independent examiner Lubbcd Fine LLP Chartered Accountants & Statutory Auditors Paternoster House 65 Sl Paul's Churchyard London EC4M 8AB Page 1
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their annual report with the finanryal statements of the charity for the year ended 31 March 2023. The annual report serves the purpose of both a Trustees, report and a directors, report under Company law. The Trustees have adopted the provisions of Acwunting and Reporting by Charities". Statement of Recommended Practice applicable to charib.es preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- Since the charity qualffies as small under seth.on 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Reporti Regulations 2013 has been omitted. OBJECTIVES AND ACTIVITIES Objectives and aims The charity's objects are to advan the arts for the public benefit by the promotion in parb'cular, bul not exclusively, of the art of drama by111 providing equal opportunibes for individuals to experience performing arts and other fomis of artisb'c and cultural activity, {21 encouraging leaming about culture, tolerance and good citizenship, and131 encouraging Confiden, empowemient and creab'vity. The charity's beneficiaries are children and young people who are experiencing social and economic disadvantsge. Public benefit In planning the charity's activities for the year, the Trustees complied with the requirements of s17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. ACHIEVEMENTS AND PERFORMANCE Charitable activities Main achievements summary The charity's objective is to use the arts to provide support and opportunities that help vulnerable children and young people overcome barriers to progress, thrive and reach their full potential. The charity was able to engage children and young people across England using both face-tfrface and online delivery, supporting over 22,000 children and young people since 2014. The Trustees would like to note Ihal after a decade of leading Ihe charity lo multiple SUCsses, the charity's Founder & Chief Executive, Adam Tulloch, stepped down al the end of this financial year and the new Chief Executive, Ella Schwarz FRSA, look over the role. The Trustees are incredibly gratefvjl for Adam's service, impact and achievements al the charity for which he was recognised as one of The Big Issue's Top 100 Changemakers 2020, Highly Commended as Children & Young People's Champion in the 2020 Children & Young People Now Awards and Chief Executive of the year al the 2021 Third Sector Awards. Ella previously had served as the charitys Head of Participation & Development and played a pivotsl role In the charity's growth and impact thus far. Aged 30 with lived experien of inequality and marginalisalion, the Trustees are delighted lo support her in building on the charity's track record and facilitate even more opportunities for support, co-creation and leadership with and for young people. °I'm delighted that Ella is taking on the CEO role. She has worked dosety with Adam since the very early days and has helped steer Total Insight Theatre from its non-profit beginnings into the successful charity it is today. Ella's commitment, drive and enthusiasm will ensure the conb"nuity needed lo provide the Servi our beneficiaries need and to write the next ¢hapter.- Giovanni Palmiero, Chair of Trusl*s Building on the charlS longstanding track record. the Trustees are pleased lo report the following achievements.. Kickstart Following on from the previous financial year, the chartty was ab lo continue engaging with the Kickstart Scheme, which provided fijnding to employers to create jobs for 16-24 year olds at risk of long-term unemployment and in receipt of Universal Credit Closely aligned wth the charity's ethos, the charity's senior leadership mentored and coached a Kickstarter for a period of six months and were delighted with the progress she made during her time at the charity and that she was able to continue working with the charity as Participation & Development Assistant after the scheme came to a dose. Page 2
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Holiday Activities & Food Programme The charity remained part of the Department for Education's Holiday Activities & Food Programme. building on the previous yearfs free and high quality holiday provision across 3 COLJnties for school children and young people eligible for free sthool meals. Building on the sucTrss of this provision, the Trustees are parb"cularly proud to have delivered 25 creab.ve hubs across 6 UK regions, providing respite for over 800 children and young people in receipt of free school meals during the school holidays. Creative support hubs The Trustees are delighted to report the cont"nuab"on of the charity's creative support hubs and theatre initiative5. These were inib.ally developed to help children and young people to process the long-term impact of the pandemic through different art forms, develop core skills and remain connected with other young people, with 1000A of young people reporting they would recommend the charity's projects to their peers. In particular during this financial year, the charity was able to continue the hubs across the Midlands and London, working in partnership with other youth organisations and charities to support over 150 participants and deliver the following Consistent results". 940/0 of participants report improved wellbeing and ability to process adverse life events 940/0 of participants report the development of new skills and increased confidence to access support 1000/0 of parts'cipanls report they would recommend the charty's programmes to other young people Following a pause during the pandemic, the charity was also able to resume its after-school programme in London, providing aCSsible, creatsve and high quality ath'vitses for children and young people. Grlef support programme The charity was able to build on the impact of its grief support programme to continue using the arts to support young people with experiences of bereavement. Returning to the previous year's cohort, the chanty continued working with the bereaved young people who had cwreated a film series and accompanying resource to provide peer support for young people with similar experiences. The resource was disseminated widety, reaching several thousand young people. Parb'cipating young people also organised a screening of the film they co<reated lo which they invited their family, friends and local community and 3 of the young people involved were nominated for Young Community Champion. Building on this, the charity was able to nS with bereaved young people to deliver a series of in4epth creative and peer support sessions for young people in Noltingham, using drama, dance and music making lo help process their experiences with the following results. 1 OOQ/o of participants felt more connected with their Feers who had similar eXperienS 1 OOQ/o of participants developed skills lo better support themselves and others 100 /0 of participants would recommend our projecls lo olher young people Feedback from participating young people induded.. "The project has helped me by meeting people that understand and listen to me." "Il has helped me to understsnd that l am not alone." 'The project made me feel like I wasn't so on my own." Feedback from parents and carers included.. "The group has been so enjoyable, my daughter has enjoyed them and meeting teenagers her own age that have gone through similar losses." 'She has realty enjoyed this. It has given her more confiden. The food has been a bonus. As an adult it was good to sil and talk to the other mums. They helped me and hopefijlty I have been able to help them." Page 3
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 y Choice Matters The Trustees are pleased to report the conkn"nuab"on of its award-winning crime intervention tackling youth violence and antisocial behaviour to deliver a film and accompanying workshop that raise awareness about knife crime and build resilien at partner schools, youth centres and pupil referral units lo ensure far-reaching impact. The programme addressed issues that indude peer pressure, grooming and exploilabon, equipping participants wth knowledge of the tools. resources and services to keep themselves and others safe. Supported wrth mulb"_year funding from Police & Crime commissioners in Kent and Leicestershire, the programme was also adapted for children at the request of the fijnders as children are being increasingly targeted by cnminal organisations and are at increased risk of exploitation. engaging over 850 participants in Kent alone. Feedback from schools, youth ntreS and pupil refetral units indudes." 'Would like lo say big thank you for delivering the session. A young person came up lo me after the session and said, '1 know what to do now and who l Can speak too, if I feel in danger., You are make a difference to young people's lives." 'A big thank you for making My choi Matters possible. educabng young people how to identify when they're being pressured towards knife crime and how to get help and support." FINANCIAL REVIEW Flnanclal posltlon As of 31 March 2023, the charitable company had unrestricted reseNes of £73,310 and restricted reseNes of £4,300. The charity's income in the last financial year was £212.518, compared lo an income of £165,640 in this financial year. This resulted in a deficit of £20,053, however, this was anticipated by the charity given that £97,663 had been carried over from the previous financial year. The charity's reserves include £15.402 of actual cash reserves, which left the charity in a good posits'on to contsnue delivering upon its objectives. The Trustees also note that grant income was reduced by £29,710 in the year represents'ng amounts paid back to funders in respect of cancelled projects l events that were unable to take place. Reserves Policy Charitable free resetves are defined as income which becomes available to the charitable company and is to be spent at the Trustees, discretion in furtheran of any of the charity's obiecuves, but which is not yel spent, commilled or designated. The free reserves of the charitable company are represented by the accumulation of cash reserves from surpluses of income over expenditure in both the current and past financial years. The level of free reserves is reviewed regularly by the Trustees and the charitable company's reserves stance is lo maintain accumulated funds lo a suftiryent level to cover three months running costs of the charitable company for the foreseeable future with any surpluses used lo support fvlure charitable objectives. The Trustees believe this will provide the financial stsbility required for the charity. Current cash reserves equate to the £15,000 required In line wrth the charitys Reserves Policy. Going Concern After making appropriate enquirtes, the Trustees have a reasonable expectation that the charity ha5 adequate resources to continue in operab.onal existen for the foreseeable future. This assumes that current and ftjture sour$ of funding will be adequate lo meet the charity's needs and that expenditure levels will be adjusted should funding expectations and reserves appear inadequate. For this reason. the Trustees conb.nue to adopt the going concem basis in preparing the financial statements. STRUCTURE, GOVERNANCE & MANAGEMENT Governing docurnent The charity is controlled by its governing document tts Articles of Association, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006, incorporated on 3 November 2014. Total Insight Theatre is a registered charitable company number 1184076 that was granted eharitable status by the Charity Commission on 24 June 2019. Page 4
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Oryanisational structure and decision making The chantable company is administered by the Trustees comprising of the individuals who are the Trustees of the charitable company at any given b"me, induding the first Trustees and their successors. New Trustees are identified from time to time and invited to join the Board. Any new Trustees are inducted by being given a brief history of the chanty, a SLJmmary of its current and planned actsvibes and appropriate training. In selecting individuals for appointment as Trustees. the Trustees have regard lo the skills, knowledge and experience required for the effective administrab.on of the charitable company. Trustees may also appoint Trustees to act as Officers. One third of Trustees reb're at each Annual General meekn.ng but shall be eligible for reolection at that Annual General Meeting. Officers retire from Offi after 2 years with effect from the conclusion of the Annual General Meeting next after their appointment but shall be eligible for reolection to that role al that Annual General Meeting for a further 2-year term. Staff are recruited to manage the day-l(Fday operab'ons of the charity and deliver services, in accordance with the strategy, policy and plans adopted by the Trustees. The charity's CEO is a lived experience leader who has first-hand experience of the social issues the charity addresses. Mirroring her lived experience, our Board of Trustees and creative facilitstors share personal experience of the challenges the children and young people supported by the charity face in their everyday lives. Trustees The Trustees who served during the year were as follows.. Giovanni (Johnl Palmiero Sophie Hamlet Aurora Horwood Subhash Goswami (resigned 24 January 2024) Rajib Banerjee Kimran Rana (resigned 24 January 20241 Lara Alake Padma Nair Iresigned 24 January 2024) Management The management of the charitable company is vested in Ihe offir5 of the Company comprising Trustees, Treasurer and Secretary who, together with other elected members. are Directors for the purpose of company law and Trustees for the purpose of charity law. Pay policy for staff Total Insight Theatre has pemianenl ftJlktirrE staff and ad freelance staff who work on specific projects throughout the year. Risk management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finan$ of the charity. The Trustees are satisfied that systems and prOdureS are In place lo mitigate the charity's exposure to major risks. ACKNOWLEDGEMENTS AND APPRECIATION The Trustees would like lo take the opportunity to thank the charitable organisations and individuals from whose generous financial support the charity has benefitted and who have enabled the charity to Support children and young people experiencing disadvantage during this financial year. The Trustees would also like to thank its dedicated and committed team of staff and volLJnteers, past and present, who have helped to ensure that the chanty sUPPOrt children and young people to overcome barriers lo progress, thrive and reach their fijll potential. Page 5
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 In preparing this report, the Trustees have taken advantage of the small company exemptions provided by section 415A of the Companies Act 2006. Approved by order of the members of the board of Trustees and signed on their behalf by.. Giovanni Palmiero Trustee Date". 30 January 2024 Page 6
TOTAL INSIGHT THEATRE IA Company Limited by Guarantee INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independent Examiner's Report to the Trustees of Total Insight Theatre I'the Charity.) I report lo the charity Trustees on my examination of the accounts of the Charity foi the year ended 31 March 2023. Responsibilities and Basis of Report As the Trustees of the Charity land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act'i. Having satisfied myself that the accounts of the Charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on. I report in respect of my examination of the Charity's accounts arried out under section 145 of the charib.es Act 2011 1.the 2011 ACYI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Independent Examinerfs Statemenl I have completed my examinab"on. I confirm that no material matters have come to my attention in connection with the examination giving me rause to believe that in any material respect." accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act," or the accounts do not accord with those records.. or the accounts do not comply wlh the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination., or 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 lapplicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no COnmS 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 understsnding of the accounts to be reached. This report is made solely to the Chari$ Tnjstees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charity's Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent pemiitted by law, I do not apt or assume responsibility lo anyone other than the Charity and the Charitys Trustees as a body. for my work or for this report. Signed.. Dated.. 30 january 2024 Hazra Patel ACA Lubbock Fine LLP Chartered Accountants & Statutory Auditors Palernosler House 65 St Paul's Churchyard London EC4M 8AB Page 7
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe STATEMENT OF FINANCIAL ACTlVtnES INCORPORATING INCOME AND EXPENDuRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Nole Income from: Donab"ons and legaryes Charitable acts'vitses 114,670 9,548 41,422 156,092 9,548 199,482 13,036 Total income 124,218 41,422 165,640 212,518 Expenditure on: Charitable acb'vibes 52,073 133.620 185,693 180,095 Total expenditure 52.073 133,620 185,693 180,095 Net movement In funds 72,145 192,1981 120,0531 32,423 Reconciliation of funds: Total funds brought forward Nel movement in funds 1,165 72.145 96.498 192, 1981 97,663 120,0531 65,240 32,423 Total funds carried forward 73,310 4,300 77,610 97,663 The Ststemenl of Financial Activities includes all gains and losses recJ)gnised in the year. The notes on pages 10 to 21 form part of these financial statements. Page 8
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe REGISTERED NUMBER: 09293224 BALANCE SHEET AS AT 31 MARCH 2023 2023 2023 2022 2022 Nole Fixed assets Tangible assets Current assets 10 926 1,448 Debtors." amounts falling due within one year Cash at bank and in hand 68.350 15.402 38.005 72,537 83.752 110,542 Creditors.. amounts falling due within one year 12 {7,(8) 114,3271 Net current assets 76.684 96,215 Total net assets 77,610 97,663 Charity fvnds Restricted funds Unrestricted funds 13 13 4,300 73,310 96,498 1,165 Total funds 77.610 97,663 The Charity was entied to exernption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtsin an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in acLordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Giovanni Palmiero ITrusteel Dale.. 30 January 2024 The notes on pages 10 to 21 fomi part of these financial statements. Page 9
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcies 1.1 Basis of preparation of financial statements The financial stslements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practi applicable lo charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Total Insight Theatre meets the definiti.on of a public beneffl entity under FRS 102. Assets and liabilities are initially recognised at historical )st or transaction value unless otherwise staled in the relevant accounting FK)Iicy. 1.2 Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. This assumes that current and future sources of funding will be adequate to meet the charity's needs and that expenditure levels will be adjusted should funding expectations and reserves appear inadequate. For this reason, the Trustees eontinue to adopt the going concem basis in preparing the financial statements. 1.3 Company sLItus The Charitable company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charitable company. The registered office address is 3rd Floor, Patemoster House, 65 St Paul's Churchyard, London, EC4M 8AB and the principal place of business is Unit 5, Cobden Chambers, Pelham Street, Nothngham, NG12ED. 1.4 Income All income is recognised once the Charity has entitlement to the income, il is probable that the income will be received and the amount of InMe receivable can be measured reliably. Donations are recognised as income when received, except in circumstsnces where the donor specifies the time period that the donation relates to, in which case they are recognised as income in that period. Revenue and capital grants are accounted for when notification is received and conditions are mel. Where the grant agreement specifies the b.me period over which the fvjnds should be spent, they are recognised as income in that period. For multi year grants that have been awarded with no performance related or other conditions, income is recognised to the extent that the Charity is enlilted to the income. Other grants are recognised as income when reived. Performance fees are recognised in the period in which the perfomiance took place. Page 10
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcies leontlnuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 classified 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 are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned beeen those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the porb.on of the asset's use. Expenditure on charitable activities is incurred on directty undertaking the activities which further the Charity's objectives, as well as any associated supwjrt costs. All expenditure is inclusive of irrecoverable VAT. 1.6 Taxation The Charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definib.on of a charitable company for UK corporation tax purposes. Accordingly, the Charity is exempl from taxation in respect of income or capital gains received within categones covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or secb.on 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively lo charitsble purposes. 1.7 Tangible fixed ossets and depreciation Tangible fixed assets under the Cost Model are stated at historical cost less aecumulaled depreciated and any accumulated irnpairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for il to be capable of operating in the manner intended by management. Depreaation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight4ine method. Depreciation is provided on the following basis". Fixtures and fittings Computer equipment 25% Straight line 250fi Straight line The assets, residual values, useful INes and depreciation methods are reviewed, and adjusted prospectively rf appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are delemined by comparing the proceeds wrth the carrying amount and are recognised in the Statement of Financial Activities. 1.8 Debtors Short term debtors are measured at transaction pri, less any impaimient. Loans re1vable are measured initially at fair value, net of Iransaclion cosls, and are measured subsequently at amortised cost using the effective interest method, less any impaimienl. Page11
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcies leontlnuedl 1.9 Cash at bank and in hand Cash is represented by cash in hand and deposits with financial institub'ons repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible lo known amounts of cash with insignthcant risk of change in value. 1.10 Liabilities and provisions Liabilityes are recognised when there is an obligation at Ihe Balan Sheet date as a result of a past event. it Is probable that a transfer of economic benefit will be required In settlement, and the amount of the settlement can be ests"maled reliably. Liabilityes are recognised at the amount that the Charity antiapales it wll pay lo settle the debt or the amount il has received as advanced payments for the g¢>)ds or services it musl provide. 1.11 Financial instruments The Charity onty has finanryal assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amorb.sed cost using the effects.ve interest method. 1.12 Fund accounting General fvnds are unrestricted funds which are available ft)r use at the discreb.on of the Trustees in furtherance of the general objedives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in aceordanee with specific restrictions imF)osed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are Charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the finanaal statements. Income from donations and legacies Unrestrlcted Restrlcted funds funds 2023 2023 Total funds 2023 Total funds 2022 Donatrons and grants 114,670 41.422 156,092 199,482 Total 2022 53,325 146,157 199,482 Grant income was reduced by £29.710 in the year representing amounts paid back to funders in respect of cancelled projects l events. Page 12
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Donatlons and grants Unrestricled Restricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Achieving for Children Backstsge Trust Barking and Dagenham Council Bamsley Council Buckinghamshire Council Cambridgeshire County Council Co-op Foundation ¥Awill Bereavement Grant Croydon Council David Family Foundation FB Coales No 4 (Family} Trust Groundwork ESFA Kent Police & Crime Commissioner Kiekstart Scheme 6,188 6,188 17,600 5,152 11.901 11,901 1,704 9,288 1,704 3,976 9,288 9,120 8,046 2,000 3,448 3,448 500 500 15,6991 {5,6991 7,564 9,748 21,909 14,050 7,689 11,270 10,713 4,700 5.969 5,969 1,824 Leicestershire County Council Leicestershire Police & Crime Commissioner 1,824 Lincolnshire County Council London Borough of Newham Council Orange Tree Trust Paul Hamlyn Foundation The L Yz and Tery Bramall Foundation The London Borough of Bromley Council The Wavendon Foundab'on 5,230 5,230 .000 95,000 5,000 7,353 2,170 12,795 6,899 4,790 4,790 UK Youth Fund - Covid Relief Grant Wallsall Council {3,9331 13,9331 3,578 10,000 5.304 Warwickshire County Council Westhill Endowment 3.578 10,000 Other donattons and grant5 5.304 31,728 114.670 41,422 156,092 199,482 Total 2022 53,325 146,157 199,482 Page 13
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from eharllable actlvltles Unrestricled Restricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Performance fees 9,548 9,548 13,036 Total 2022 10.226 2,810 13,036 Anatysis of expenditure on charitsble aclivilies Summary by fund type Unrestricled Restricted funds funds 2023 2023 Total 2023 Total 2022 Charitable acts'vibes 52,073 133.620 185,693 180,095 Total 2022 87.022 93,073 180,095 Anatysis of expenditure by activities Activities undertaken direclly 2023 Support costs 2023 Total funds 2023 Total funds 2022 Advancement of the Arts 124,914 60,779 185,693 180,095 Total 2022 121.725 58,370 180.095 Page 14
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysls of expenditure by aetlvltles leontlnued} Anatysis of dlrect costs Advance- 4nent of the Arts 2023 Total funds 2023 Total funds 2022 Staff costs Freelance stsff Event expenses Venue hire Advertising 62,395 51.170 983 62,395 51,170 983 58,684 44,474 3,657 1,960 12,950 9,402 964 9,402 124.914 124,914 121,725 Tolal 2022 121,725 121,725 Anatysis of support costs Total funds 2023 Total funds 2022 Activities 2023 staff costs 26,740 397 940 26,740 397 25,151 1,214 2,289 5,710 18,752 293 1,065 911 Hotel, travel and subsistence General office expenses Awountancy fees Legal and professional Meeting expenses Training Insuran 5,368 23,786 74 300 365 5,368 23,786 74 300 365 Depreciation Independent examination fees Apps, soffvlare and website 522 1,250 1,037 522 1,250 1,037 522 1,250 1,213 60,779 60.779 58,370 Total 2022 58,370 58,370 Page 15
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Independent examiner's remuneratlon 2023 2022 Fees payable lo the Chanty's independent examiner ft)r the independent examination of the Charity's annual accounts Fees payable lo the Charity's independent examiner in respect of.. All other services not included above 1,250 1,250 5,368 5,710 Staff costs 2023 2022 Wages and salaries Social security eosts contnbub.on to defined contribution pension schemes 83,010 4,026 2,099 80,133 2,095 1,607 89.135 83,835 The average number of persons employed by the Charity during the year was as follows.. 2023 No. 2022 No. Employees No employee received remuneration amounting to more than £60,000 in either year. Total remuneration paid lo key management personnel during the year, including employer nats'onal Insuran and employer pension conlributions. tolalled £77,814 {2022 - £66.8461. Trustees. remuneration and expenses During the year, no Trustees recewed any remuneration or other benefils {2022 - £NILI. During the year ended 31 March 2023. no Trustee expenses have been incurred12022 - £NILI. Page 16
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Tanglble fixed assets Fixtures and fittings Computer equipment Total Cost or valuation At 1 April 2022 920 2,088 3,008 At 31 March 2023 920 2,088 3,008 Depreciation At 1 April 2022 Charge for the year 920 640 522 1,560 522 At 31 March 2023 920 1,162 2,082 Net book value At 31 March 2023 926 926 At 31 March 2022 1,448 1,448 11. Debtors 2023 2022 Due within one year Accrued income Prepayments 68,350 33,632 4,373 68,350 38,005 12. Creditors: Amounts falling due within one year 2023 2022 Other taxation and social secunty Other creditors Accruals and deferred income 2,629 439 1,705 5,940 6,682 4,000 7.068 14,327 Included within accruals and deferred InMe is deferred income of £nil12022 - £1,824) which has been deferred as il relates to future periods. Page 17
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Statement offunds ststement of funds - currenl year Balance at 31 March 2023 Balance at 1 April 2022 Income Expenditure Unrestricted funds General Funds 1.165 124,218 152,0731 73,310 Restricted funds My choi Matters spa Beeen ARTSupport BOOST CREATE 22.990 9,120 4,700 122.9901 19,1201 12,9001 11651 111.9821 172,9941 15,9691 17,5001 1,800 15,6991 11.982 41,842 HAF 31,152 5,969 10.000 Kickstart Scheme Creative Support Hub 2,500 96.498 41,422 1133.6201 4,300 Total of funds 97.663 165.640 1185.6931 77,610 Page18
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Statement of funds leontlnuedl ststement of funds - prlor year Balance at 31 March 2022 Balance al 1 April 2021 Income Expenditure Unrestricted funds General Funds 24,636 63,551 187,0221 1,165 My choi Matters In11 Together ORGANise spa Beleen Kickstart Scheme 19,396 4,948 9.840 6,420 17,438 5.000 113,8441 19,9481 19.8401 16,4201 11,5001 22,990 9,120 1.500 9,120 ARTSupport BOOST 4,700 7.564 4,700 5,864 11,982 41,842 11,7001 14,1701 15,1101 19,3351 131,2061 CREATE HAF 16,152 46,952 9.335 Kickstart Scheme Creabve Support Hub 31.206 40.604 148.967 193.0731 96,498 Total of funds 65,240 212.518 1180,0951 97,663 Page 19
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Statement of funds leontlnuedl Restrlcted funds y Choice Matters - Award-winning crime intervention tsckling youth Violen and anti-social behaviour delivered at partner schools. youth centres and pupil referral units to raise awareness and build resilience amongst young people. Space Between bereavement. Social action and peer support initiative for young people with experiences of ARTSupport - Programme to support young refvjgees and provide the opportunity lo reap the benefits of the arts to improve wellbeing and mentsl health. BOOST Free support using the arts to bcM)sl employability for young people not in education, employment or training. CREATE Children and youth theatre inib"ab"ve for participants experienryng increased need, hardship and distress. HAF - Holiday Activib"es & Food Programme - Free, high quality holiday provision for children and young people eligible for free school meals. Kickstart Scheme - Funding to create jobs for 16-24-year olds at risk of long-lerm unemployment and in receipt of Universal Credrt. Creative Support Hub - Free support for young people providing the opportunity to reap the benefits of the creabve arts to build lifelong skills and improve mental health. In tt Together - Creab"ve support hub helping young people pro$5 the impact of the pandemic through different art fomis, develop core skn11s and remain connected wth other young people during the pandemic. ORGANise- Documentary film for young people to raise awareness for NHS Blood & Transplant Core - Funding lo support the core costs of the Charity. Page 20
TOTAL INSIGHT THEATRE (A Company Limited by Guarantoe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Anatysls of net assets between funds Anatysis of net assets between funds - current year Unrestricted Restricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 926 926 79.452 17,0681 4,300 83,752 17,0681 Total 73,310 4.300 77,610 Anatysis of net assets between funds - prior year Unrestricted Restricted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due within one year 1,448 14,044 114,3271 1,448 110,542 114,3271 96,498 Total 1,165 .498 97,663 15. Related party transactions The Chanty has not entered into any related party transaction during the year, nor are there any outstanding balances owing beeen related parb.es and the Charity at 31 March 2023. Page21