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2023-03-31-accounts

Registered number: 07799494 Charity number: 1185967

Common Wealth Theatre

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 15
Independent Examiner's Report 16 - 17
Statement of Financial Activities 18
Balance Sheet 19 - 20
Notes to the Financial Statements 21 - 38

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

Trustees J S Hughes (resigned 22 May 2023)
L R Maguire
L M Mallaghan (resigned 22 May 2023)
E Manning
R White
M H Z Ahmed (resigned 4 April 2023)
J O Morais (resigned 20 October 2022)
M S Khan (resigned 22 May 2023)
J Phillips (appointed 13 December 2022)
D Beadle (appointed 13 December 2022)
A Letman, Chair (appointed 21 February 2023)
E Robinson, Chair (appointed 13 December 2022)
J Moore (appointed 13 December 2022, resigned 28 March 2023)
Company registered
number
07799494
Charity registered
number
1185967
Registered office
20 North Parade
Bradford
West Yorkshire
BD1 3HT
Accountants
BHP LLP
New Chartford House
Centurion Way
Cleckheaton
Bradford
West Yorkshire
BD19 3QB

Page 1

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees present their Annual Report together with the financial statements of Common Wealth Theatre for the year 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Common Wealth's objects are:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

In order to achieve our objectives we collaborate with people new to the arts and established artists to create high-quality and experimental theatre where personal experience is championed, respected and valued. Our vision is a society where people normally underrepresented are valued and championed in the arts and all walks of life.

Our values are expressed in our name Common Wealth which points to the wealth of experience, stories and imagination in places and communities often dismissed as poor or in need of cultural development. In being common and in common with our audiences we create riches to share.

Page 2

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Common Wealth undertakes four main activities in order to achieve its objectives:-

d. Main activities undertaken to further the Charity's purposes for the public benefit

Prioritising and reinventing access and engagement is at the heart of all of Common Wealth's activity and explains why our purposes are for public benefit.

We believe in art for everyone in the genuine sense and work to change the profile of who is engaged in decision-making, artistic production and performance in the arts. We recognise the importance of process and co-create theatre with our communities in order to drive positive social change.

The Warwick Report showed us that only 8% of the population access the arts, and these are generally people who are white, middle class and older. This means that usually the best educated and wealthiest in society are benefiting from the arts. We want to push for change in an industry that undervalues and distances itself from working class people, culturally, socially and economically.

We place huge value on long term partnerships with the voluntary and charity sector. We see theatre as a vital part of the public realm, and we start every new venture by engaging people who are the experts of the subjects we are exploring. This includes members of the public and staff in social services, health, police, unions and community centres.

While tickets are available to everyone, we work hard to ensure that people who face additional barriers to seeing theatre are able to see our work. We heavily discount tickets so that people on low incomes are able to purchase tickets at a fraction (10%) of the face value and we invite community groups who have charitable purposes which are linked to the subject of the performances, to attend for free.

Page 3

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

a. Main achievements of the Charity

Key highlights includ e

In Bradford :

Page 4

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

In Cardiff:

Company Wide:

Page 5

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

More information on our key projects for 2022-23 follows: OFF THE CURRICULUM

In March 2023 we produced Off the Curriculum, a giant immersive installation that explored subjects not taught in school through art forms not taught in school. Over the course of 2022 we worked with over 200 children and young people to design installations and sets, their design briefs were given to professional set designers who built their designs to a high professional standard. We transformed 17 rooms in our building Common Space, pairing subjects and art forms such as time travel & jewellery, capitalism & graffiti, self-care & pottery and much more. For our opening festival the building was animated with shadow puppetry, pottery smashing, commissioned DJ sets and young people leading debates.

Off the Curriculum:

Audience and participant feedback includes:

“ Incredible experience… Young people given the power to curate, create & express how they see the world and its future. Fab exhibits on what slips out of/ is hidden from the curriculum. Powerful speakers. The future’s bright with these people in charge .” - Carlos Pons Guerra, De Nada, Audience Member

Page 6

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

“ Ending my working day here…the energy was palpable, I recall walking a catwalk, wearing a mask & ending my visit on a dance floor?! If this is the future for our curriculum our EET figures would sky rocket ” - Emily Rhodes, Participation Coordinator for Bradford Children in Care

“It’s so brilliant to see these young people being creative outside of school in a space like this. The students that I teach have a lot of barriers to engagement at school and are often getting into trouble. It’s so good to see them being supported to make music beyond school. ” - Secondary Music teacher working with Roma young people

“Because I’m deaf I think there is a lot of education I’ve missed out on. So, building up my CV is really important to me so I can get work in the future. Learning about the job of a lighting technician is something I’ve never thought of, but it’s been so cool to have a go and it’s made me think about what I might want to do in the future. ” - Young workshop participant

OFF THE CURRICULUM X LEEDS 2023 SCHOOL PROGRAMME

In partnership with LEEDS 2023 Year of Culture we worked with six primary schools to deliver a bespoke version of Off the Curriculum. The children chose their own topics and worked with experts and artists of different disciplines to explore the subjects. The project explored the premise of child led learning at every stage. “How do the names of countries get decided? What if money didn’t exist? How do we improve mental health? Why did racism start?” The questions were profound, the children demonstrated a complex understanding of the world and how Leeds fits into the global landscape. The artists introduced rap, live animation, screen printing and projection to explore the chosen topics.

Through the Off the Curriculum schools programme we:

Feedback includes:

“Thank you to you and your team again for the wonderful sessions and support in our school - it was truly magical! ” - Lauren Durn, Class teacher, Temple Learning Academy

" It was an absolute pleasure to have the Common Wealth team working with our class. They were so lovely and brought great energy with them - the children had a wonderful time with the brilliant facilitators. " - Danny Griffiths, Class teacher, Rosebank Primary

“The reason why I was just so desperate to do it, was because it’s such an amazing opportunity to have that space where primary children aren’t being controlled in terms of what they’re studying and what they have to do and it’s been absolutely brilliant to see them breathe out ” - Nika Muthra-Shah, Rekindle Supplementary School facilitator

Page 7

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

YOU ARE HERE AS A WITNESS

In November 2022 we staged You are here as a witness at Theatre in the Mill. “You Are Here as a Witness is visceral, vital, thought-provoking theatre – another production of which Common Wealth can be, rightly, very proud. Yorkshire Post

You are here as a witness:

We staged 5 shows - all sold out - with an audience of 80 per show and a total audience of 400. The audience comprised of police, social care, healthcare workers and general audience which ensured post-show discussions were robust and useful. A full-length filmed version of the show was produced for The Anah Project to use as a training resource for public and third sector workers.

Audience and partnership feedback includes:

“Very immersive & emotional experience, I felt ‘held’ as an audience member by care & consideration of CW team. Safe space, sooth kits & trigger warnings v much appreciated, more of this please!”

“I’ve never seen a play on this topic because I was always so scared of it being done badly because I know how it feels. But this was done SO well. I feel heard, from my childhood self. Thank you ”

“Working in collaboration with Common Wealth was an amazing experience from start to finish and we thoroughly enjoyed the journey. An intrinsic part of our work is to raise awareness of domestic abuse, forced marriage and coercive-controlling behaviour. Working directly with Common Wealth Theatre helped us achieve this, their style of working and expertise is invaluable. ” Fareeda Khan, Anah Project

PEACEOPHOBIA

Throughout 2022 we toured our award-winning production Peaceophobia to 5 locations across the UK. “A testament to vulnerable, collective storytelling … a powerhouse piece with beautiful vulnerability. ” The Stage

Peaceophobia is an unapologetic response to rising Islamophobia around the world. Part car-show, part-theatre, the show asks how do you find peace in a world that tells you who you are? Growing up in the shadow of the Bradford Riots, 9/11 and police harassment, cars and faith are a sanctuary, an escape, an expression for three Muslim Pakistani men. Ali, Sohail and Casper are taking control of the narratives around their religion, their city, and their cars. Staged in a car-park with a Supra, a Golf and a classic Nova, Peaceophobia brings together cars and theatre with cinematic lighting and an electronic sound score.

Page 8

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

Peaceophobia:

Peaceophobia attracted an audience of 2338 across the five locations and an online audience of over 4000 through our digital strand which included post-show talks, livestream and a digital programme.

The show was co-directed by Mariyah Kayat, Madeyah Khan, Iram Rehman, Maleehah Hussain, Rosema Nawaz, Sajidah Shabir and Evie Manning, written by Zia Ahmed and the actors and co-produced with Fuel. Peaceophobia is funded by Bradford 2025, Blueprint: Without Walls R&D Investment Fund, Co-Creating Change, Arts Council England, Paul Hamlyn Foundation, Pears Foundation, and Fenton Arts Trust.

"Working as a collaborator with Common Wealth on Peacephobia felt really safe. The team were so supportive, providing such a unique opportunity for us to come together and share these stories from all across different communities, in a unified space. The chance to speak about our positive and negative experiences, our world, and our perspectives was refreshing - we could be in control over our own narratives rather than the media or the police.” Ali Yunis, Actor, Peaceophobia

SPEAKERS CORNER

Speakers Corner is a social and creative collective of teenage girls in Bradford who collaborate for social change. They run regular campaigns across a wide range of subjects which have mental health and international activism at their core. In February 2022 the collective celebrated its sixth-year anniversary with a Daytimer event on conjunction with South Asian History Month and female DJ’s.

In 2022-2023, the collective:

Page 9

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

“Speakers started out as a safe space to be able to retreat to get away from the fast-moving environments of school and home. But it turned into a place that allowed me to use that rested energy for topics I was interested in and topics I actually cared about and would want implemented in the school systems to not make them so overbearing in the first place. It taught me that you should go out and there and find new people and places despite how nervous you may be at first. If one of my teachers hadn’t pushed me into attending all those months ago, I wouldn’t have progressed as a person or met some of the people who make up integral parts of my life today” - Speakers Corner Member, 16 years old

YOUTH THEATRE LAB

In March 2022 we established the Youth Theatre Lab in Bradford, a free weekly drama and social space for young people between 10-18 years old to make, play and create theatre that has something to say about the world. The sessions consist of one hour of drama followed by thirty minutes of music and eating pizza together so that it becomes a social space for young people to further develop friendships.

In 2022-2023 Youth Theatre Lab:

“I love Youth Theatre Lab because I get to see friends weekly and it keeps me active in my social life and able to express who I am and be myself. I have learnt how to build with others and work in groups rather than solo and I have learnt how to communicate with other people emotionally. It is important for young people to make political theatre as it opens us up to a world of fighting for what we believe is right and shape the future in a healthy way that benefits everyone” – Youth Theatre Lab member, 17 years old

COMMON SPACE

Throughout 2022-2023 we continued to run and manage our Bradford building Common Space with events and workshops. Common Space has served approximately 1300 audience and participants, 80% of which are young people from Bradford.

In 2022-2023 some of the events and workshops included:

Page 10

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

At Common Space we continue to support Bradford based All Star Entertainment to deliver their Thursday open music sessions, run music events and from January – April 2023 deliver the NOVA programme for female and non-binary young people with visiting practitioners. Young people from across four music groups led by All Star also produced and created original soundscapes and DJ sets for Off the Curriculum.

PAYDAY PARTY

“The mood of the show is cheeky, sassy and defiant... the cast are unwilling to be held back...they make a show as breezily enjoyable as it is spiked with attitude.” The Guardian

In March 2022, Payday Party (previously known as Rent Party) was selected to go to Edinburgh Fringe as part of the Welsh Showcase. 2

Collaborating with acclaimed choreographer and director Darren Pritchard (House of Ghetto) we reimagined his five-star smash hit show Rent Party with local artists and our East Cardiff community to co-create a version of Rent Party which we called Payday Party which spoke of Wales and the cost-of-living crisis in 2022.

Payday Party invites the audience to pay the artists for their skills at a party, so that they can make this month’s rent. Dancers, singers, musicians, poets create a kaleidoscopic picture of what it means today to be gifted, Welsh and working class.

Payday Party:

Payday Party was originally commissioned by Common Wealth as part of the Moving Roots Touring Network a creative touring network led by Battersea Arts Centre with producing partners Lyrici Arts (Medway), Jumped Up Theatre (Peterborough), Common Wealth (Cardiff East) and The Old Courts (Wigan). For the Edinburgh showcase it was funded by Arts Council Wales, Paul Hamlyn Foundation and supported by Chapter Arts Centre.

Feedback for Payday Party included;

‘Seen so much great work in Edinburgh so far, but my highlight & the one that's moved me the most is Common Wealth’s Payday Party (part of Welsh national showcase) We have to take co-creation more seriously!’ Tarek Iskander, Artistic Director & CEO of Battersea Arts Centre

“Payday Party got me right in the heart. Talented Welsh & brave. Feeling emotional, proud & committed to live, dance, clap in theatres, cry from rooftop bars. Diolch @Common_WealthHQ challenge privilege & unleash talent” Tweet by @elunedh

Page 11

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

US HERE NOW AT THE PIERHEAD

“Optimistic portrayals of life” The Stage

Us Here Now originally an outdoor exhibition situated outside Tesco, St Mellons in the Civic Square transferred to the Pierhead Building in Cardiff Bay with sponsorship from MS Vaughan Gethin. Us Here Now is a celebration of people in East Cardiff; their stories and their power. It’s captures what it means to be seen and heard; a challenge to the negative narratives that often surround us and our Welsh community in East Cardiff.

At the end of Summer 2020 after the first lockdown, artist Jon Pountney and Common Wealth worked with people who live, work or are from St Mellons, Llanrumney and Trowbridge to capture a snapshot of life in the sunshine; us, here, now.

For 6 months, 12 larger than life sized photographs were exhibited in the civic space by Tesco St Mellons. The exhibition brought a smile to many people’s faces, brightening their days at a time when people were not allowed to gather due to lockdown restrictions. It reminded us that we are not alone.

Us Here Now:

Us Here Now at the Pierhead has been funded by Arts Council Wales, Paul Hamlyn Foundation and the Department of Dreams.

Feedback from Us Here Now:

‘St Mellons is situated on the furthest edge of Cardiff’s urban sprawl. It was heavily developed for council housing, awkwardly detached from the industry of the docks or city centre, with limited facilities. It’s a community that built itself with little help from outside, and Common Wealth aspires to reflect this spirit, perhaps prompted by our collective sense of detachment brought on by lockdown. It’s not theatre as we knew it pre-Covid, but it’s a confident response by a company that strives to make work for and with under-represented communities.’ Nicholas Davies, The Stage

THE POSH CLUB

The Posh Club was a glamorous, 1940s inspired performance with afternoon tea and cabaret. Common Wealth worked with queer arts collective Duckie to co-create the Posh Club with the community of East Cardiff. The Posh Club provided three days of performance and cabaret specifically aimed at socially & culturally isolated working-class older residents (predominantly 60 +) from communities across Cardiff. It offered high quality, challenging, exciting entertainment that was accessible and supported wellbeing & access to culture.

Page 12

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance (continued)

The Posh Club:

“Linda made a male friend when she came, he was sat on her table, she took him to the widows club with her to meet new people. He said in those two days he had more conversations with people than he had had in the last two years since his wife had died. You really don't know how much this means to people. “ daughter in law of audience membe r

“And thank you to @ArtsWales for supporting this, this is exactly the kind of work for the PEOPLE of Wales embodied by your cultural contract. Common Wealth are WHERE IT'S AT. Top quality art and radical generosity go hand in hand here and I say this not for myself but for my but for my recently widowed 80 year old mother in law who has had the shittest two years and had not left the house for months. Who danced, sang, made new friends and laughed like a drain this afternoon. It made our family's Christmas.” Audience member

Financial review

a. Going concern

The accounts have been prepared on a going concern basis on the assumption that the charity is able to carry on operating as a going concern in the foreseeable future, which the trustees consider appropriate.

b. Reserves policy

Common Wealth Theatre is committed to building an appropriate level of reserves for the organisation’s needs. We have calculated that £93,000 is sufficient to cover a combination of 3 months running costs and meeting all our liabilities should a wind-up need to occur. Our current free reserves figure is at £181,555, which exceeds our reserves targets. However, this includes funds that will be designated by the Trustees for specific strategic and development purposes, including the costs of our Performance Collective and key projects in 2024/25.

Page 13

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Structure, governance and management

a. Constitution

Common Wealth Theatre was incorporated on 6 October 2011. It subsequently obtained charitable status and was registered with the Charity Commission on 24 October 2019. It is a charitable company limited by guarantee and was set up by a Memorandum of Association.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

There must be a minimum of three trustees at all times and there is no specified maximum. The Charity Commission has granted approval for Co-Artistic Directors, Evie Manning and Rhiannon White to be both Trustees and remunerated employees and whilst this is the case there will always be a minimum of five trustees on the board in order that the number of other trustees exceeds that of paid employees at all times. Policies and procedures are in place to ensure that all conflicts of interest are properly managed.

A trustee holds office for three years from the date of appointment at the end of which they may be reappointed for a further term or terms up to a maximum of nine consecutive years. Board members are selected for their skills and experience but also with a view to having a board that is diverse, balanced and representative of the communities we work within.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 14

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Approved by order of the members of the board of Trustees and signed on their behalf by:

Emma Robinson

Emma Robinson (Dec 13, 2023 15:35 GMT)

E Robinson (Chair of Trustees) Date: Dec 13, 2023

Jenny Phillips Jenny Phillips (Dec 13, 2023 16:20 GMT) J Phillips (Trustee)

Page 15

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023

Independent Examiner's Report to the Trustees of Common Wealth Theatre ('the Charity')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2023.

Responsibilities and Basis of Report

As the Trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity 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)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, 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 state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the Charity's Trustees as a body, for my work or for this report.

Page 16

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Signed: Dated: Dec 13, 2023 FCA

Lesley Kendrew

BHP LLP New Chartford House Centurion Way Cleckheaton BD19 3QB

Page 17

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
40
211,742
211,782
105,823
105,823
105,959
75,268
105,959
181,227		 Restricted
funds
2023
£
196
214,122
214,318
327,491
327,491
(113,173)
212,509
(113,173)
99,336		 Total
funds
2023
£
236
425,864
426,100
433,314
433,314
(7,214)
287,777
(7,214)
280,563		 Total
funds
2022
£
-
560,189
560,189
470,178
470,178
90,011
197,766
90,011
287,777

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 21 to 38 form part of these financial statements.

Page 18

COMMON WEALTH THEATRE

(A Company Limited by Guarantee) REGISTERED NUMBER: 07799494

BALANCE SHEET AS AT 31 MARCH 2023

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total net assets
Charity funds
Restricted funds
13
Unrestricted funds
13
Total funds		 7,485
287,848
295,333
(23,984)		 2023
£
9,214
9,214
271,349
280,563
99,336
181,227
280,563		 2,081
284,806
286,887
(10,680)		 2022
£
11,570
11,570
276,207
287,777
212,509
75,268
287,777

Page 19

COMMON WEALTH THEATRE (A Company Limited by Guarantee) REGISTERED NUMBER: 07799494

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain 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 accordance 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:

Emma Robinson Emma Robinson (Dec 13, 2023 15:35 GMT) Jenny Phillips (Dec 13, 2023 16:20 GMT)Jenny Phillips

Emma Robinson (Dec 13, 2023 15:35 GMT)

E Robinson (Chair of Trustees)

J Phillips (Trustee)

Date: Dec 13, 2023

The notes on pages 21 to 38 form part of these financial statements.

Page 20

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. General information

Common Wealth Theatre is a private company limited by guarantee incorporated in England and Wales. The registered office is 20 North Parade, Bradford, West Yorkshire, England, BD1 3HT.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Common Wealth Theatre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The accounts have been prepared on a going concern basis on the assumption that the charity is able to carry on operating as a going concern in the foreseeable future, which the trustees consider appropriate.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a 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 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 to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 21

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.5 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Grants received in relation to the government Coronavirus Job Retention Scheme (Furlough) have been recognised within income from charitable activities. The grant is accounted for on the accruals basis once the related payroll return has been submitted.

2.6 Taxation

The Charity is considered to pass the tests set out in Sch. 6, para. 1 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Pt. 11, Ch. 3 of the Corporation Tax Act 2010 or s. 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery

33% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 22

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2. Accounting policies (continued)

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance 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 estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.11 Financial instruments

The Charity only has financial 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 amortised cost using the effective interest method.

2.12 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed 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 financial statements.

Page 23

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3. Income from donations and legacies

Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ £ £ £
Donations 40 196 236 -

4. Income from charitable activities

Unrestricted
funds
2023
£
Grants received
203,330
Commissions and performances
-
Box Office income
-
Workshops and Events Delivery
6,881
Other project income
-
Miscellaneous Income
1,531
211,742
Unrestricted
funds
2022
£
Grants received
130,012
Commissions and performances
613
Workshops and Events Delivery
11,436
Other project income
-
Miscellaneous Income
1,394
143,455		 Restricted
funds
2023
£
75,476
127,832
5,081
-
-
5,733
214,122
Restricted
funds
2022
£
353,667
58,624
630
336
3,477
416,734		 Total
funds
2023
£
278,806
127,832
5,081
6,881
-
7,264
425,864
Total
funds
2022
£
483,679
59,237
12,066
336
4,871
560,189

Page 24

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Theatre activities
105,823
Unrestricted
funds
2022
£
Theatre activities
145,673		 Restricted
funds
2023
£
327,491
Restricted
funds
2022
£
324,505		 Total
2023
£
433,314
Total
2022
£
470,178

6. Analysis of expenditure by activities

Theatre activities
Theatre activities		 Activities
undertaken
directly
2023
£
302,832
Activities
undertaken
directly
2022
£
335,299		 Support
costs
2023
£
130,482
Support
costs
2022
£
134,879		 Total
funds
2023
£
433,314
Total
funds
2022
£
470,178

Page 25

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Artist fees
Festival programmer
Design, build set and props
Sound and lighting design
Insurance
Per diem - expense allowances
Room hire
Workshop and training
Production team
Production travelling expenses		 Theatre
activities
2023
£
167,423
54,338
-
10,564
10,111
1,643
5,639
3,207
1,129
38,748
10,030
302,832		 Total
funds
2023
£
167,423
54,338
-
10,564
10,111
1,643
5,639
3,207
1,129
38,748
10,030
302,832		 Total
funds
2022
£
154,009
50,051
776
16,927
6,865
1,086
923
-
2,909
94,855
6,898
335,299

Page 26

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Travelling expenses
Printing and reproductions
Filming and photography
Advertising
Promotions and exhibitions
Staff recruitment costs
Rent
Postage, courier and delivery charges
Legal and professional fees
Digital campaign consultancy fees
Bank charges
Stationery and computer expenses
Telephone
Premises expenses
Sundry expenses
Mileage claims
Governance costs		 Theatre
activities
2023
£
47,606
7,210
26,471
-
2,457
84
7,169
2,266
4,592
361
6,560
5,700
(411)
3,434
1,559
1,226
10,328
-
3,870
130,482		 Total
funds
2023
£
47,606
7,210
26,471
-
2,457
84
7,169
2,266
4,592
361
6,560
5,700
(411)
3,434
1,559
1,226
10,328
-
3,870
130,482		 Total
funds
2022
£
59,126
8,405
7,698
2,605
6,343
909
2,713
445
8,038
306
11,140
12,256
392
3,710
1,692
453
3,044
265
5,339
134,879

7. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,000 ( 2022 - £2,750 ).

Page 27

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
197,708
13,489
3,832
215,029		 2022
£
195,762
14,318
3,055
213,135

The average number of persons employed by the Charity during the year was as follows:

2023 2022
No. No.
Total (including directors) 9 8

No employee received remuneration amounting to more than £60,000 in either year.

The key management personnel of the charitable company comprises of three members of the senior leadership team. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charitable company was £106,998 (2022 - £120,539).

9. Trustees' remuneration and expenses

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Charity. The value of Trustees' remuneration and other benefits was as follows:

2023 2022
£ £
E Manning Remuneration 39,000 35,871
R White Remuneration 26,517 27,120

During the year ended 31 March 2023, expenses totalling £ 3,875 were reimbursed or paid directly to two Trustees (2022 - £2,882 - two trustees). The Charity Commission agreed that the founding Artistic Directors can remain as Trustees, and whilst this is the case there will always be a minimum of five Trustees on the board in order that the number of other Trustees exceeds that of paid employees at all times.

Page 28

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

10.
Tangible fixed assets
Cost or valuation
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
11.
Debtors
Due within one year
Trade debtors
Other debtors		 2023
£
7,255
230
7,485		 Plant and
machinery
£
28,054
4,854
32,908
16,484
7,210
23,694
9,214
11,570
2022
£
2,081
-
2,081

Page 29

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

12. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2023
£
12,316
6,244
235
5,189
23,984		 2022
£
1,652
5,968
-
3,060
10,680

Page 30

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Statement of funds Statement of funds - current year

Unrestricted funds
Bradford Core
Cardiff Core
Company Core
Restricted funds
Quad Bike/Off Road
Paul Hamlyn Foundation Breakthrough Fund
Battersea Arts Centre, Moving Roots
TouringNetwork
Northern Stage Commission of Production, I
Have Met The Enemy
Southbank Centre, Commission of
Production,I Have Met The Enemy
Chapter Arts, Cardiff, Commission of
Production, I Have Met The Enemy
Chapter Arts, Cardiff, Contribution towards
Production, The Sea is Mine
Off the Curriculum / The Leap
Demand The Impossible
Jerwood Fellowship - income from
WJCB,NTW, and MRTN
Bradford 2025 - Main Production -
Peaceophobia
Us Here Now
Awards for All, Radical Acts
Bradford Producing Hub Consortium Fee
Payday Party
Sport England Swim with Speakers
Leeds 2023
Manjit Wolstenholme
Speaker's Corner
Other		 Balance at 1
April 2022
£
-
-
75,268
75,268
-
130,752
5,478
14,091
2,000
4,000
2,182
23,471
-
5,692
-
-
2,127
10,000
(185)
5,165
-
-
4,700
3,036		 Income
£
52,662
-
159,120
211,782
25,000
-
27,596
-
-
-
-
899
3,000
1,463
26,623
6,584
-
-
21,863
-
18,682
13,397
4,403
64,808		 Expenditure
£
16,164
37,052
(159,039)
(105,823)
-
(96,524)
(33,074)
(14,091)
(2,000)
(4,000)
6,947
(18,553)
(43)
(7,155)
(20,648)
(1,824)
(2,127)
(10,000)
(21,678)
(5,165)
(18,682)
(11,030)
-
(67,844)		 Balance at
31 March
2023
£
68,826
37,052
75,349
181,227
25,000
34,228
-
-
-
-
9,129
5,817
2,957
-
5,975
4,760
-
-
-
-
-
2,367
9,103
-

Page 31

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Statement of funds (continued) Statement of funds - current year (continued)

Total of funds Balance at 1
April 2022
£
212,509
287,777		 Income
£
214,318
426,100		 Expenditure
£
(327,491)
(433,314)		 Balance at
31 March
2023
£
99,336
280,563

Where there are positive figures on expenditure lines (Bradford Core & Cardiff Core), this is where we have transferred funds between projects.

Page 32

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Balance brought forward
Bradford Core
Company Core
Theatre Tax Relief
Donations
Miscellaneous Earned income - workshop,
events and box office income
City of Bradford Discretionary Grant
Restricted funds
Arts Council England NPO (R&D element)
Paul Hamlyn Foundation Breakthrough Fund
Battersea Arts Centre, Moving Roots Touring
Network
Northern Stage Commission of Production, I
Have Met The Enemy
Southbank Centre, Commission of
Production,I Have Met The Enemy
Chapter Arts, Cardiff, Commission of
Production, I Have Met The Enemy
Chapter Arts, Cardiff, Contribution towards
Production, The Sea is Mine
Jerwood Fellowship - income from
WJCB,NTW, and MRTN
Bradford 2025 - Main Production -
Peaceophobia
Awards for All, Radical Acts
Bradford Producing Hub Consortium Fee
Sport England Swim with Speakers
Leeds 2023
Manjit Wolstenholme		 Balance at
1 April 2021
£
27,144
8,044
1,324
24,903
-
11,071
5,000
77,486
6,217
6,588
13,082
14,091
2,000
4,000
2,182
9,361
12,000
2,277
10,000
9,180
6,713
-		 Income
£
-
122,512
7,500
-
1,394
12,049
-
143,455
7,000
158,603
14,663
-
-
-
-
6,581
12,423
-
-
204
7,713
73,930		 Expenditure
£
8,028
(127,828)
(8,824)
-
-
(12,049)
(5,000)
(145,673)
(10,489)
(34,439)
(22,267)
-
-
-
-
(10,250)
(24,423)
(150)
-
(4,219)
(14,118)
(73,930)		 Balance at
31 March
2022
£
35,172
2,728
-
24,903
1,394
11,071
-
75,268
2,728
130,752
5,478
14,091
2,000
4,000
2,182
5,692
-
2,127
10,000
5,165
308
-

Page 33

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

13. Statement of funds (continued)

Statement of funds - prior year (continued)

Speaker's Corner
Other
Total of funds		 Balance at
1 April 2021
£
9,875
12,714
120,280
197,766		 Income
£
4,700
130,917
416,734
560,189		 Expenditure
£
(9,875)
(120,345)
(324,505)
(470,178)		 Balance at
31 March
2022
£
4,700
23,286
212,509
287,777

Page 34

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
April 2022
£
75,268
212,509
287,777
Balance at
1 April 2021
£
77,486
120,280
197,766		 Income
£
211,782
214,318
426,100
Income
£
143,455
416,734
560,189		 Expenditure
£
(105,823)
(327,491)
(433,314)
Expenditure
£
(145,673)
(324,505)
(470,178)		 Balance at
31 March
2023
£
181,227
99,336
280,563
Balance at
31 March
2022
£
75,268
212,509
287,777

Page 35

COMMON WEALTH THEATRE

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

15. Fund details

Common Wealth Theatre receives income from a wide variety of sources. All items over £5,000 are explained in more detail below. We work with a wide range of partners and funders, enabling us to respond to relevant opportunities and build long-term relationships that strengthen our operational and financial resilience.

Arts Council England National Portfolio (NPO) funding

Common Wealth Theatre entered the Arts Council England National Portfolio for the first time in 2018 and we will continue to be funded until at least Mach 2026. We receive £147,688 per year towards core costs and our programme of work in England. In general, we allocate this across our main production; some towards Speakers Corner; some for research and development of new work; and the remainder is for core costs and treated as unrestricted income.

Bradford Metropolitan Borough Council

Common Wealth Theatre receives £15,000 per annum from Bradford Council for its contribution to arts and culture in the Bradford district, and this is treated as unrestricted income.

Quad Bike/Off Road

A grant from Bradford Metropolitan District Council’s (BMDC) Youth Service and Anti-Social Behaviour Fund; to be spent on delivering Off Road at Windhill Community Centre.

Paul Hamlyn Foundation Breakthrough Fund

The final year of this restricted grant spanning 2018-2023, recognising the Co-Artistic Directors contributions to innovative theatre, and supporting staffing and core costs. This includes an extension year to cover projects and core costs. The carried forward amount will be used to support the Performance Collective in Bradford.

Moving Roots Touring Network

Common Wealth was one of four production partners working with Battersea Arts Centre as part of this network and project. This income covered the salary for our Community Producer in Cardiff and has now been closed. This included the Payday Party project.

I have Met the Enemy (And The Enemy Is Us)

Residual fees from Northern Stage, The Southbank Centre and Chapter Arts Centre, to present this work, which was postponed (due to the pandemic) and reallocated to other projects, now all spent and the fund is closed.

Chapter Arts Centre

Fee towards The Sea is Mine. There is still some resources left for this project which we hope to continue in 2023/24 or 2024/25.

Off the Curriculum

Grant from The Leap to develop and present Off the Curriculum – performances and installation about subjects not taught at school using skills not learned at school. There is a small amount carried forward which will be spent in 2023/24.

Demand the Impossible

Seed-funding from National Theatre Wales to develop the concept of this work around police infiltration.

Jerwood Foundation

We received a fellowship grant from the Jerwood Foundation to cover the costs of an Associate Director in our Cardiff team. This fund has now been closed.

Page 36

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Bradford 2025

We received fees from Bradford 2025 to stage Peaceophobia in Bradford. This fund also includes fees to present Peaceophobia from other partners. Any carried forward funds will be moved to unrestricted in 2023/24.

Us Here Now

We received a grant from Arts Council Wales to develop and deliver this project. There is some remaining which we’ll spend in 2023/24.

Awards for All

We received an Awards for All restricted grant for Radical Acts, which has now been delivered and fund has been closed out.

Sport England

We received a Sport England small grant fund for the Speakers Corner project, Swim with Speakers and most of this was spent on 50 girls and women, predominantly of Muslim and/or South Asian heritage learning to

swim. There was a small amount carried forward and spent in 2022/23 for other Speakers Corner activities and the fund is now closed.

Bradford Producing Hub

Common Wealth Theatre was one of six consortium members of Bradford Producing Hub working on a four-year project funded by Arts Council England to build producing capacity within the city. We received a total fee of £10,000 and this this was used in 2022/23 to further invest in projects which are specific to Bradford. This fund is now closed.

Leeds 2023

We presented a series of school’s workshops around Off the Curriculum supported by a fee from Leeds 2023. This fund has now been closed.

Speakers Corner (including Manjit Wolstenholme Fund)

We were awarded a grant of £10,000 through Leeds Community Foundation from the Manjit Wolstenholme Fund in 2022/23. This will fund the cost of employing our Speakers Corner Producer and programme costs. We also received a grant from The Pioneer Fund towards our Speakers Corner wellbeing fund.

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
9,214
Current assets
195,997
Creditors due within one year
(23,984)
Total
181,227		 Restricted
funds
2023
£
-
99,336
-
99,336		 Total
funds
2023
£
9,214
295,333
(23,984)
280,563

Page 37

(A Company Limited by Guarantee)

COMMON WEALTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
11,570
74,378
(10,680)
75,268		 Restricted
funds
2022
£
-
212,509
-
212,509		 Total
funds
2022
£
11,570
286,887
(10,680)
287,777

17. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

18. Related party transactions

During the current and prior periods there were no transactions with related parties.

Page 38