charity registration number 1186211 ROOTS THEATRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ROOTS THEATRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Fr8ncesca Hutchinson James Drake Elizabeth Vogler Shiv8ike Shah Priyanka Roy Dr Lel Meleyal (Appointed 28 Novernber 20231 Charlty number 1186211 Principal addrèss 4-6 Bridge Street Tadcaster LS24 gAL Ind•pend&nt examiner Two Matt5 LLP 151 Wardour Street London W1F8WE
ROOTS THEATRE CONTENTS Page Trusiees report Independent examine¢5 leFX)rt Staternent of fjnancial ath'vities Balance sheet 10 Notes to the financial statements 11- 17
ROOTS THEATRE TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Irustees present their annual report and frnancial statements for the year ended 31 March 2024. The finaniial 5taternent5 have been prepared in accordanc8 With tha accounting policie5 set out in nole 1 to the finanu31 staternenls and compty with the charity's goveming document, the Charitiès Ad 2011 and"Accounting and Reporting by Charities". Statement ol RecoTnmended Practice applicable to charities preparing their aocount5 in accordance with the Financial Reporting Standard applvble in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191.
ROOTS THEATRE TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Objèctives and a¢tivitie8 Airns and objectyves Roots The31 (known through the working narne Roots) has the following aims 8nd objectwes.. Roots is & leading LGB TQ+ led theatrn company Ih81 prnOteS for lh8 public benefit the art of dt3ma and ils underslanding and èppTrciatson by the public through Ihe delivery of theatre productions. Founded 2019. Roots, mission is to restructure thealre into a queer space that delivers wellbeing for LGBTQIA+ communities through new writing theatre. FTOrn Tadcaster and reaching out across North Yorkshire, we deliver training In theatre that develops the artistry of all members of our community. We create and tour award-wnning new writsng throughout the UK and intemationally, created by and for LGBTQIA+ communrties. Our vision is to create a theatre Industry that is rnade by communities from marginalised ba(grounds. creaty'ng a fairer and ethical environment for all. Our values are.. Nothing about us without us. LGBTQIA+ and intersectional divaisity are present throughout our workforce. LGBTQIA+ spaces are indusive spacè5. We produce LGBTQIA+ created events that welcome all cornmunities who value equity and empathy. Artislry comes frorn care ntred practise. Every user of Roots, services eh005e5 how to work with the carity's staff. trustees and associates, and ways ol working are adapted lo facAlilate each user's needs. We are all artists. The Iheatre sector can ènable LGBTQIA+ creativity at every level to flourish. Public b&nofit In pnnlfflg thè yèai'5 activities and setting objectives, the trustees have considered the Charity Comrnission's guidance on public benefft, induding the guidance on pulAic benefit and fee charging. The charity relies on grants 8nd the income from theatres an¢J ticket sale5 19 cover its operating costs. In setting the level of fees, charges and concessions, the trustees glve reful consideration to the acLessibility of the ¢ornp8nls productions and actiwties for those on low incomes. The benefiaaries of Roots, work ale". The general publ. as all pèrformances are widdy distributed and prornoled., Diredots. wrrteTS. actors, designers and all artist prof•s5ionals to whom Roots offers development and 8mployment', LGBTQIA+ inlerse¢tional and allied communiti85 who partIpate in our educational activities. Roots. e(lucational work prowdes partiapanls with valuable practical experience and insight inlo p05sibilrties of live and digital perfortnance, and prowde5 access to audiences from all backgrounds.
ROOTS THEATRE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and pèrfomiance This year the charity extended and deepened Its methodologies of bringing together LGBTQIA+ artists to Co-ueatè and develop the11 practise in collaboration with participants. FILTH We started developrnent on a new project exploring the Conservative icon Mary Whitehouse and her private prosecution against Gay New5 loi blasphemous libel over an explicit poem depicting Jesu5 as a raving homosexual. This battle fought in the mid-1970s betheen the gay liberation movement and the Chnslian right reveals msjch about societal challenges queei people lace loday and the threats to freedoms of Speech and protest. Creatively, th8 project was led by writer Frazer Flintham IHelhitnl, whose rÈ(nt writing indudes INTO THE NIGHT (Bèst Online Production. OFFIES 20231 and hè Is the u>host of the LGBTQIA+ podcast THE ONE FIFTY MARCHERS. We brought him together with director S&an Linnen IHeltheyl, who was prewousty Trainee Artistic Director at Sheffield Theat9 and Paines Plough. and Resident Assistant Director 3t the Donmai Warehouse. Following an extended process of writing and development through Queer Spaces (detailed laleil, th15 Stage of development culminated In an R&D process al the Royal Court Theatre. Working with Frazer and Sé3n weie BAFTA and Olivièr Award winner Monica Dolan IMR BATES VS THE POST OFFICE) and Joè Barber ISHARDLAKE, Disney+l. UEER SPAGE Led by the FILTH creative team. in Tadcaster. York and Scarborough we deliveied free workshops on approaches to playwriting for 20 LGBTQIA+ partrpantS. We then supported 13 01 these participants lo perfomi live at York The31 Royal and Ihe Stephen Joseph Th8alre. Scarborough. The York Thealre Royal show was perforrned by.. Ternpest Wisdom Isheltheythel, Stevie Hook trh8ylthernl, Oliv8r Lewis (Helhiml. Rian Cr3ske (Heltheyl, Graham Clayttsn-chan IHelhiml, Autumn Grey Avery (Theyrtheml, and Katie Leckey (Shetherl. The Stephen Joseph Theatre show was performed by JJ CTuickshank (Heltheyl. Megan Faye Hanson Ishelherl. Sue Grogan Ishelherl, Joanna Woirnald (Theyrthetnl. Suzanne Elvidge Ishelherl. and Autumn Grey Avery (Theyl thernl. The performance was attended by the SJT'S artistic director who inwted the project back in 2025, along wi¢h'. 'a cofflmitmont hDm us to mach oul to the 16+grs in Ihe area. as I think gxpeiienGing those e¢eS mighl be life- changing forlh8m.' We collected qu81itative feedback from partiapanls, partners, and audiencEs, with extracts including.. 'IAy out qU6Tr8rJoiJmey is something very new. Lasl night was the first nwht I was oul in an internctive social setting as an out queerpetson, my firs18rt experience Sin coming out. my first-limg we8ring leminizing meke up. 8rJd my rstphotograph 8S 8 q(J8erp8rson. Andyou all mad8 flJ8 saf8 and 8ccapt6d. 111 be indèbl8d lo you all lor8V8r." 73°h capacity attended Queer Spac85 in Scafborough. and 894/0 capacrty attended Que8r Spaces in York. We filrned. edited and released 11 Queer Spa¢s monologues. each have been sharèd with over 1000 follt)wers of Roots on X and Vimeo. TREASURE We also started development on a queer version of TREASURE ISLAND. where pirate identity is reimagined through drag. In ccOM[lS510n with the 8elgiade Theatre, Coventry. our largel audience is families and Itt6 educational sector. where through perf0rrnar and workshops we plan lo use thS well-known coming of age story a5 a vehide lo view souely through a Irans. non-binary and Queer lens. Crèativèly, the projod was led by writer Tabby Lamb (Theylshel, with Roots continuing to cjeveloping her trans-lod praclise and career following our collaboratY)n on HAPPY MEAL IFringe First 2022 winner). ¥Ne brought her together with directoi Mingyu Lin Ishelhèrl. an èxpèriènced dramaturg and dirèctor of new writing. Ming is creatwe associate ol Headlong and Associate Artist ol York Theat Royal. Following an extended process of writing and development through BrewPatsl's Tales from the City (detailed later). this stage of development eulminated In an R&D process at the Belgrade Theatre. Working with Tabby and Ming were composer FREW (Helhiml (credit5 indude AFTER THE ACT, Traverse Theatre) who rnpOsed original rnusic in ¢onjun¢tion wrth Tat>by'5 book, and perforrners Martin Sarreal IHethirnl. Laur8n Thornas (Shetherl and drag king Jamie Fuxx.
ROOTS THEATRE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 BREWPAUL'S TALES FROM THE cir( Responding to the brief of creats.ng MorlogueS about queer nightlife and drag, we supported 15 artists Ilrans, non- binary and cisgender) to write and perfom thèir work al York Theatre Royal through masterdasses in Tadcaster with the TREASURE creative team. The show al York Theatre Royal was performed by". Rian Craske (Hellheyl. Bailey Bubble8 (Helhiml. Taylor LeFin IHehheyl. Tim Norwood IHelhiml. Gaby Richard50n (Hetheyl and Tabby Lamb (Theylshel. The perfOrnian was presented by Kiki Deville Ishelherl, a cabaret performer, ally and The Voice UK participant, who beaulrfully conteKtualised the show and introduced each performer. 72% capacty attend8d th8 P8rforrnance. We collected qualitative feedback from partlClP8nls. partners, and audiences, with extracts including. 'Safe and encour?ng sp8¢8s lik8 tl)e one fostered here are both incredibly important and immensely fwAng. A breath of fresh air." Two ol the actors employ8d for the TREASURE R&D perfom)ed these monologues for catnera at the Belgrade Theatre. They werè distributed individually through Roots. X l Twitter and Vimeo thannels. èach reaching 907 followers. Financial review The trustees have examined the requirement for free reserves i.e. those unrestrided fund5 not designated for specific purposes or otherwise committed. The truslees consider that. given the nature of the charitable cornpany's work. the level of free reserves should be approximalely six Months, annual expenditu for overheads. govemance. fees and theatre development costs. This threshold has now been reached in this finanoal year, and the trustees will designate any future, additional reserves to an Artist Fund intended to ¢aprtalise on opportunitie3 to deliver the charity's aims and obiectiVè5. We a grateful for support from sev81al public funders and trusts 8nd foundations. in particular.. Arts Counal England. Ba¢ksla9e Trust, People's Postcode Neighbourhood Trust. Martin Bowtey Charitable Trust, Tadcaster Business Centie and Two Ridings Community Foundation. We would also like to thank all our indiwdual supporters. We are also grateful to the theatre5 and sector partners who have partnered wth us in support of LGBTQIA+ cornrnunities through investing in our work." York Theatre Royal. Belgrade Theatre Coventry, Stephen Joseph Theatre Scarboiough, Theatre Royal Plymouth. and the Royal Court Theatre London. would also like to thank the many LG8TQIA+ support chanties that we partner with. Plans forfuture periods In FY 24.25, we will continue our cr8alive development PToject5 in Tadca5ter and York with Queer Spa$ (partnering with the St8phen Joseph Theatre in Scarborough. York Theatre Royal and local LGBTQIA+ support charities). We are also planning to launch RoDts Lab. a new artistic developm8llt prograrntne that will train, d8V810p, and rnentor LGBTQIA+ artists and leaders to progre5S throghout their career5. and support thern into the sustainable work in the arts. Roots Lab will feature.. 1..1 mentoring, masterclasses, R&D lo build new ideas loi shows, Iwe and online perfortnance opportunitie5. We are also planning lo conts'nue the development of FILTH and TREASURE towards production. Structure. governance and manag•m8nt Goveming docurnent The charty is c4Jntrolled by its goveming documènt, a deed of trust and constitutes an unincy)rporated charity.
ROOTS THEATRE TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 The trustees who seNed during the year and up to the date of signature of the finanrial statement5 Wefe". Francesca Hutchinson Jarnes Drake Elizabeth Vogler Shivaike Shah Priyanka Roy Dr Lel Meleyal (Appointed 26 November 20231 Re¢rultsnent ond appointrn8nt of new trustees Trustee5 of the chanty are appointed by a Board majority vole, after )Ir5t being identified and formalty pmposed by the Board's Norninations Cotnfflittee. On appointment Irustees are pio¥ided with a Board induction pack. which oullines the function of the Board, the company's finan¢ial position and future programme. Trusteès are also supplied with a C4)py of the company's memorandum and articlas of assoaaiion. Trustee$ are offered training appropriate to thair roles on the Board. Organi5otional structu The l)oard of trustees are the non-execulive and unpaid goveming b¢dy ol Roots Theatre. The Iiu$tees have the responsibility ol appointing the ProducerlCEO. who leads the day-lo-day operations and appoints all other treel8nCe artists and support staff. The Produr develops the artists"c vision for the company by planning the artistic programme. along with preparing annual budgets for ihe cornpanvs operations wh%d) a presented to the board of trustees for approval. 0gci8ion making Trustees devolve day-to-day responsibility for Ihe running of the charity to the key managament personn¥l. During the year. thè key management personnel comprised the Producer who is also the Chièf Executive Officer. Related partles Rts, administrative base ss donated in-kind by Tadcasler Business Centre as part of their CSR contribution to local charities in Selby. We are also Resident Company in our local pioduung theaire. York Theatre Royal. who support our artistic and educational activities through donating in-kind ieheaisal tsolities, artistic collaboration and rnaiketing support. Ri9k management The trustees have 3 duty to identify and review the risks to which th8 charity is exposed and to ensure appropriate controls are in place lo provide reasonable assuran against fraud and error. The trustees carry out an annual review of the company's activities and annually update the following ptslicies.. Complain15 Conflid of Interests Digital Safeguarding and GDPR Policy Investment Policy Managing Volunteer5 Payment of Staff Risk Management Safeguarding Vulnerable Beneffiryaries
ROOTS THEATRE TRUSTEES REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 DSv•wsity. Inelusion and Equality Our Working Strategy, updated In FY 202312024. fulw embeds LGBTQIA+ and inlersecb'onal diversily throughout our workforce. Users of Roots. seNices are present in our trustees, staff and artists. Our workforee ieftects the diversity ol the communities we work with and dèvolops with our activities such that we are a dynamic, changing collective. Roots. target audience encompasses LGBTQIA+ communitiè$ in Selby and York. as well as the tocal queer communrties near thè thaatrès whare w¥ partner, such as in Coventry. Scarborough, Plymouth and London. Our currènt focus within the LGBTQIA+ comrnunity is to collaborate with trans an(J non-binary individuals, as well as gay men and lesbians. We strive 10 ¢8te indusive spaces for all communits'es who value equity and ernpathy. At Roots, we ernbrace intersection81 diversity by actively engaging wth LGBTOIA+ individuals who also Identsfy a5 part of the global rnajority. disablerj. and those facing SOO-eConOrlllc disadvantages. To ansura accèssibility. our engagernent actyvities are provided free of charge for LGBTQIA+ pa.pant$. In tems of ticket prIS for our theatrè productions. we aim to keep Ihern affordable. wrth most seals priced around £20. Statemènt of Trust••s' Rèsponsibilities The trustees are spOnSible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and Unrted Kingdorn AOUnting Standards (United Kingdom Generally Accepted Aecounling Pr8cticel. The law applicable to chanties In England anil Wdle$, the Ghailties Act 2011. Chanly (Accounts and Reports) Regulations 2008 and the provisions ol the trust deed qUireS the trustees to piepare financial 5t&temgllt8 for pach financial year wttich give a true and fair wew of the stste of affairs of the charity and of the incoming reSoUrS and application of resources. including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees arè i*quir&d to. sele¢t $uit8ble 8ccounling policie5 and then apply thern consistenty., observe th8 methods and principles in the Charity SORP,. make judgements and estimates that afe reasonable and prudent.. prepare the financial ststemenls on the going concern basis unl8SS It is inappropriat8 to prasume that tha ¢hafty will ntinUe in business. The trustees a responsible for k8eping proper accountlng records which disclose with reaSonae accuracy at any tirnè the finanal position of the charity and lo enable them lo ensure that the finanoal statements comply with the Charrties Act 2011, the Charity IAcctsunt5 and Reports) Regulatigns 2008 and the provi5ion5 01 the trust deed. They are a150 responsible for safeguarding the assets of thè chairty and hence foi lakiTrg iea50nable steps for the pievention and delects'on of fraud and other irregularities. RcM)ts' administialive base 15 donated in-kind by Tadcasler Business Centre as part of their CSR contribution to local ch8rities in S8lby. We are 8150 Resident Company in our I1 producing theatre, York Theatfe Royal. who support our artistic and educational activities through donating in-kind rehearsal taalities, arb.stic collaboration 8nd marketing support.
ROOTS THEATRE TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees port was approved by the Board ofTruste8s. Elizabeth Vogler Trustee Date".
ROOTS THEATRE INOEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROOTS THEATRE l T•port tD lh• InAlees on ffty ol In•na •iM•rn•nts ol R¢xts TIW• 1¢4 th• y•¥ er¥d 31 20?4 R••poM11M •nd v4 01 Ai lh 'Fu$l DI Trhe crtiiiiiy Wt x lh• •t•mthiM In •ccudvrf• tr• r•wr•ffwrfJ 01 ih• Cwdi•s AU 2011 lip• IQ11 la) w¥r 1451Siibi ol 2QII 4 oui thttrrlir. q•Frn Pt•wry m• Fwrwl R•ForbThJ •QDk•L4• lh• •nd ol IFIIS 1021 r prf•r¥• trj i• •rw R•pryling by Chwrfi s1•1?rn• ol LI•d th I WII 2CbXI rnl•ir•d lo ¥b me •WI f•pjI•tv b••n ¥MIPTW G•n•i• Acc•pi•d Aecwilin9 Pr•(1 •ll•dN• ty typon•ig M9lrtnirrfJ ty •ftw i ju¥V 2015 e3MiiIty4 r•wd• wer• rMJt In DI ch•nty M r•quW•d ol IM 2011 Aq. th• Inw¢•l Wal•rnqnl do nol wth It• Inii i•PDrt •n•hl• • Irw< •l•l•ffwh lo b• Two M4tts LLP I51101r Sli••l Lmdon WIFn D*•J Z16/ ZOL
ROOTS THEATRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrnstrlcted Unrnstrlct•d fvnd¥ fvnd¥ 2024 2023 Not09 In¢onw and end0Vmts from: Don8tlOns and leg8cies Charitable activities InvesttneTrls Other income 86.152 7.071 59.132 36.428 174 51,676 14,595 Total Income 107,818 147,410 Expenditure on- Chantable activities Olhef expenditure 87,165 410 152.383 11 Total •xp•ndlturn 87.575 152.929 Net incomellexpenditurel and movement in funds 20,243 15,5191 Reconciliation of fund#= Fund balances al 1 April 2023 56,161 61.680 Fund balan¢•s at 31 March 2024 76.404 56,161 The statement of financial activities includes all gains and losses recognised in the year. All incorne and expendrture deftve from continuing activities.
ROOTS THEATRE BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Fixed agsets Tangible assets 13 2.101 3.129 Current a88ets Debtors Cash al bank and in hand 14 14.967 75.965 51.676 23,250 ,932 74,926 Creditors: amounts falling du& wlthln ofle year 1$ 17,9411 18,1641 N•t currgnt assets 82.991 66.762 Total assets less current liabilities 85.092 69.B91 Creditors: amounts falling due after more than one year 17 18,6881 113.7301 Net •8sets excluding pension liabllty 76,404 56.161 Net assets 76.404 56.161 The fvnds ofth¢ charity Unrestricted fvnds 76.404 56,161 76.404 56,161 Tha financial statamants wèr8 approved by the trustees o 2¥../c£12D2 4 Izabelh Vogler Trustee 10-
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aeeounting policies 1.1 Accounting conventlon The finanaal stslements have been prepared in accordance with the charity's Igovernirtrg documentl, the Charities Act 2011. FRS 102 "Th8 Finanry81 Reporting Standard applicable in the UK and Republic ol Ireland. rFRS 102.1 and the Charities SORP "Accounting and Reporting by Charities". Statement of Recofflmended Practice applicable to chanties preparing their aco)unts In accordance with the Finanrial Reporting Standard applic2ble in the UK and Republic of Iland IFRS 1021" (effective 1 January 20191. The chanty 15 a Public Benefit Entity as defined by FRS 102. The charity has laken advantage ol thè provisions in tre SORP for charities not to preparg a Slalernent of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) RegulatlOn5 2008 only to the extent requiied lo piovide a true and fair view. This departure has inVDlved following the Statement of Recownrnended Practice for charities applying FRS 102 rathei than the version of the Statetnent of Recomrnended Practice which Is referred to In the Regulations bLrt which has since been wrthdrawn. The financAal statements are prepared in sleding. which is the fijnctional currency of the charity. Monetary amounts in these financial statements are rounded to the ne8res1 £. The financial statements have been prepared under the historical cost convention, Imodified to indude the revaluation of fieehold pioperties and to indude investment properties and certain finanal inslruments at fair Valuel. Th8 prinpaI ac(x)unting poli¢ies adopted are set oul below. 1.2 Golng eoneom Al the time ol approving the finanaal statements. the trustee5 have a reasonable expectation th81 the charty ha5 adequate resources lo continue in operational existen foi the foreseeable future. Thus the trustees continue lo adopt the going eoneem basis of a(xounting in preparing the financial slatbmènts. 1.3 Charltablè lunds Unrestricted funds are available for use at the discretKJn ol the trustees in furtheranre of their charrtable objectives. Restricted funds are subject lo specffic condrtions by donors or grantor5 as lo how they may be u8ed. The purposes and uses of Ihe Testricted ftjnds are set out in the notes to the financial statements. Endowmènt lunds ara subpet to 5pecrfL ¢x)ndits'ons by donors that the capital must be rnaintsined by the charity. 1A Income Income Is rÈcogni8ed when the c*arity is legally entitled to rt after any pérformance conditions have been mèt, Ihe amounts Can be measur¢d relFabty. and it is probable Ihal income will be rei¥£d. Cash donation5 ale r8cognised on re¢eipl. Other donations are recognised On the charity has been nolified of the donation. unless performance condilions qu5re defèrral of th8 amount. Incorne lax recoverabla In relation to donations reiVed un¢Jer GIftAid or deeds of covellant Is COgnised at the time of the donation. Legaaes are recognised on receipt or othetwise if ¢he charity has been notified of an Impandidg distn'bution, the atnount is known. and receipt is expected. If the amount is not known. the gacY is treated as a contingenl asset.
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Aceounting policies Icontinuedl 1.5 Exp¢nditure Expenditu is recognised once the is a legal or constiudive obligation to tran5fei economic nefit to a Ihird party. it is probable that a transfer of economic benefits will be required in settlemenl. and the amount of Ihe obligalion can be rnea5ured rdiably. Expenditure is d89sified by adivity. The costs of each activity are made up ol Ihe total of direct costs and shared c051s. induding support costs involved In undertaking each aeliwty. Direct costs attributable to a single aCtVIty are allocated directly lo that activity. Shared costs which contribute to mole than one activity and support C051s which are not attributable lo a single activity are apportioned beeen those activrties on a basis consiste1 with tre use of resources. Central staff costs are allocated on the basis of time spent. and deprÈci8tion charges aTe alloc*ed on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are inrtialty measured at cost and subsequentty measured at cost or valuation. net ol depreciation and any impaim)ent losses. Depreciation is recogni5ed 50 a5 to wrile off the cost or ¥aluab'on ol assets less their Tesmlual values over their useful lives on the following bases.. Computers 20% straight lin& The gain or loss arising on the disposal of an asset is detem)Ined as the rtrence beeen the sale proceeds and the eArrying value of thè asset. 15 recognised in the statement of finaficial a1Vities. 1.7 Impairment oi fixed o¥•ets Al each reporting end dale. the charrty reviews the carrying amounts of its tangible a58els to deterrnine whether there is any Indication that those assets have suftered an impairment loss. 11 any such IndicatM)n exists. the recoverable amount of the asset 18 estimated in order to detemiine the extent of the impairrnent loss lif any). 1.8 C••h and ¢a$h oquivalents Cash and cash equValentS include cash in hand. deposits held at call with banks, other short-tem? liquid investments with onginal maturities of three months or less. and bank overdraft5. Bank overdrafts are shown within borrowfngs In curr&nl liabilitiès. 1.9 Flnanclal Instrumonts The charity ha5 elected to apply the provisions of Section 11 'Basic Financial Inslrumenls. and Section 12 'Other Finanaal Instruments Issues, of FRS 102 to 811 of rts financial instruments. Finanoal instruments are recognised in the chaity's babance sheet when the charity becomes party ID the contractU31 provi3ion5 of the instrument. Finan81 assets and liabilities are offset. with the net amounts presented in the financial 5tat8monts, whèn there is a legally enforceable nght to set off the recognised amounts and the is an intention to settle on a net basis or to realisa the asset an¢J s&ttlo the Iiabilty simultaneousty. Baslc flnanelalass•ts Basic fin8nryal a5set5. which indude debtors and cash and bank balances. are initially me8sured at transaction priee inejuding transaction eostg and are subsequently camed at amortised Cost using the effective int&rest rnelhod unless the arrangement eAJnstitutes a finanng transaction. where Ihe tiansaction 15 measured at the present value of the future receipls discounted al a market rate of interes¢. Finanaal assets classffied as receivable within onè year are not amortised. 12-
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUnn9 poll¢l•s IContinu8dl 8asie financial Ilabilities Basic financial liabilities, induding creditors and bank loans are initialty recognised at transadK)n price unless the arr8ngemenl constitutes a financing transaction, where the debt In51rurnenl 15 measured at the present value ol the future payments d15counled at a market rale ol interest. Finana81 liabilf(ie8 dassffied as payable within one year are nol amortised. Debt instruments are subsequenlty carried at arnortised cost. ugng the effective interest rate method. Trade ditorS arè obligations to pay for goods or ser¥sces that have been acquired In the ordinary course ol operations from suppliers. Amtsunls payable are classified as rrent liabilities rf paymènt is due within one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaetion pnc8 and subsequently measured al amortised cost using thè offective interest rnethcxy. D•rncognitlon of financMI lbilitIeS Financial liabilities are deCOgnised when the chanty's contractual obligations expire or are discharged or cancelled. Donations and legaci•$ Unrestrlcted Unr8Stn"clwl funds funds 2024 2023 Donations Grants 395 85,757 6,649 52.483 86.152 59.132 Ineom¢ from ¢h#ritAbl• activitie¥ Unrestricted unm9t¢ funds funds 2024 2023 Production income 7,071 36.428 Charitable trading income Production income 13
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incorne from investments Unrestricted Unrestrl¢t•d funds fvnds 2024 2023 Interest receivable 174 othor Incomè Unr•8trietsd Unrestrlct•d lund¥ fvnd¥ 2024 2023 Theatre tax relief 14,595 51,676 Charitable actlvitie Charitable Charitabl• activities activities 2024 2023 Deprec18tion 8nd irnpairment PrDduction costs Travel and subsislenc Marketing Rèseard) Artistic development Subscriptions 1.027 40.153 3.463 12 615 37.860 300 843 92.984 1.765 12.536 38.985 442 83,430 148.079 Support costs Governance costs 342 3,393 1.904 2.400 87,165 152.383 Net moVent in funds 2024 2023 The net movement in lunds is stated after chargingllcredilingl.. Depreu8tion of owned tangible fixed assets 1,027 14-
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Trustees None ol the Iruslees lor any peisons tx)nne¢ted with them) received any remuneration or benefits trom Iha charity during the year. 10 Employee8 The average monthly number of empk)yee3 during the year was.. 2024 Numbgr 2023 Number Total 11 Othèr Unrestricted Unrestricled funds funds 2024 2023 Financing costs 410 546 410 12 Taxation Thè charity is exempt from taxation on Its activities bèrAuse all its income is applied fof charitable purposes. 13 Tangible fixed assets Comput•rs Cost Al 1 April 2023 Addition5 4.132 1.002 Al 31 March 2024 5.134 Depreciats"on and impalm*nt At 1 April 2023 Deprecialion charged in the year 1.027 At 31 March 2024 3,033 Canylng amount At 31 March 2024 2,101 At 31 March 2023 3.129 15-
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 13 TanglbEe fixed assets Icontinvedl 14 Debtors 2024 2023 Amounts falling du• within one year.. Corporalion tax cOVerable VAT cOVerable 14.455 512 51.676 14.967 51.676 15 Loan• and overdrnfts 2024 2023 Bank loans 13,731 18.645 Payable within one year Payable after one year 5,043 8,688 4.915 13.730 16 Creditors: amounts falling due within one year 2024 2023 Notès Bank loans Other tsxatyon and soc4al sewrity Acuuals and deferred incA)mg 16 5,043 4,915 848 2,401 2,898 7,941 8,164 17 Credltor¥: amounts falling dug after more than one year 2024 2023 Notes Bank loans 15 8.688 13,730 16
ROOTS THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Unrestricted funds The unrestnctèd funds of thè charity comprisè the unèxpènded balances of <Jonabons 8rKI gran15 which are not subject lo specific condrtions by donors and grantors as to how they may be used. These indude designated funds which have been sel aside out of unrestricted funds by the Imstees lor speofic puip05e5. At 1 April 2023 Incoming resource5 Resource• At 31 March expended 2024 General funds ,161 107.818 187.5751 76,404 Previous year.. At l April 2022 Incomlng 50urce5 Resources At 31 March expended 2023 General lunds 61,680 147.410 1152.9291 56,161 19 Rèlatod party trdnsactions There were no disdosable lated party transactions during the yèar. 17