REGISTERED COMPANY NUMBER: 09921306 (England and Wales) REGISTERED CHARITY NUMBER: 1188756
Middle Child Theatre Limited
Unaudited Financial Statements
31st March 2023
SD-0211862-1-6
Middle Child Theatre Limited
Contents of the Financial Statements for the year ended 31st March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | to | 11 |
| Notes to the Financial Statements | 12 | to | 18 |
Middle Child Theatre Limited
Report of the Trustees for the year ended 31st March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
- Middle Child's purpose as set out in the company's articles of association is
'To advance the arts for the public benefit by the promotion in particular, but not exclusively, of the art of drama.'
The activities and objectives that the charity set annually centre on this purpose and are guided by its Vision, Mission, Strategy, Values and Middle Child Artistic Style.
Vision
A vision for a fair and equitable world where anyone’s story can be told and heard.
Mission
To tell untold stories which capture the electrifying moment when the beat drops, mixing original live music with bold new writing. Middle Child events are live and loud, making sense of the modern world. The company is committed to breaking down barriers and ensuring that theatre is affordable and accessible to all. Middle Child will set fire to your imagination of what a night at the theatre can be.
Strategy
Audiences: Middle Child create theatre that brings people together for a good night out with big ideas.
Artists: Middle Child invest time, money and resource in the new and under-represented voices to contribute to the creation of a more equitable industry.
Values
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A Hull-based company, which is vital to the work, stories and entire ethos
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Put Hull artists at the heart of the creative process, growth and successes
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Prioritise the well-being of the people the company works with and challenge damaging behaviours and habits within the industry
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Endeavour for the work to be affordable and accessible to all
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Lead with authenticity, transparency and openness at every level of the organisation
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Committed to creating greater equity in who makes and enjoys theatre
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Determined to increase the diversity of artists and audiences in Hull and beyond
Middle Child Artistic Style
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Blurs the lines between gigs, stand up, theatre and a night out with a focus on breaking down barriers;
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Tells stories that are new, Northern and reflect the diversity of the United Kingdom;
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Prioritises ‘liveness’, remaining responsive and reactive to each audience;
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Believe theatre works best as a social event, with a reason to come early or stay late.
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Middle Child Theatre Limited
Report of the Trustees for the year ended 31st March 2023
OBJECTIVES AND ACTIVITIES Significant activities in the year Recovery and Renewal
Middle Child's fifth year as a National Portfolio Organisation has seen the company return to in-person working following the pandemic, and has consequently seen our programme of activity return to pre-pandemic levels. While challenges still remain in the shape of the national cost of living crisis and the ongoing effects of the global pandemic, this year has been an incredibly positive one for the company as a result of our flexible and dynamic approach.
The company successfully reapplied to remain in the Arts Council's National Portfolio from 2023-2026, - receiving standstill funding. We presented work outdoors at festivals for the first time reaching our largest audiences yet, successfully delivered our 11th annual pantomime and undertook R&D on our next flagship production Modest by Ellen Brammar at the National Theatre Studio. We also cemented Bond 31 as our new home, complete with free-to-use theatre library, writers' room and rehearsal room, as well as continuing to present our artist development programme, Reverb.
Access and Audiences
Access
Middle Child is committed to access and approaches access in two ways:
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Change how people access live performance:
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Pay what you decide and solidarity ticket offers are made available locally so that people who wouldn't be able to attend live theatre can attend productions.
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Working with local community groups to run a walking bus - a social and supported way for those without transport to attend productions.
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Offering regular British Sign Language and audio described performances.
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Providing free ticket offers to targeted community groups.
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Regularly asking the community what they want to see, inviting audiences to vote for each year's panto title and giving local people the chance to co-design the programme.
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Hosting Imagine the Future focus groups, inviting freelancers and audiences to co-design the future of the industry.
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Change how people access development and employment opportunities, to widen who can pursue a career in the arts:
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Offering flexible working to support work-life balance and staff wellbeing.
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Implementing the four-day working week to support work-life balance, staff wellbeing and reduce utility costs.
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A Parents in the Performing Arts (PIPA) Charter Partner, implementing family-friendly working policies.
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Ensuring development opportunities are free or paid to remove financial barriers to access.
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Completing essential training with core team and local freelancers, whom the company's work depends on.
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Ensuring our new building is fully accessible with lift and accessible toilet and entrance ramp.
Audiences
Middle Child exists to change who makes and enjoys theatre. This is reflected in the stories told and the company's core audience: people who don't think theatre is for them, because of a mix of real or perceived exclusions including the stories that are told, who tells them and where, affordability and accessibility. Middle Child targets work at younger (18-34) working class audiences, including families for our Christmas work, and works hard to remove barriers faced by diverse and disabled communities.
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Middle Child Theatre Limited
Report of the Trustees for the year ended 31st March 2023
OBJECTIVES AND ACTIVITIES
Artistic Programming
The Big Gig
High-quality gig theatre that starts life in Hull before embarking on national tours and transfers. These shows are the company's flagship productions, ambitious in both form and content, with a focus on growing local audiences and developing a national profile.
There Should be Unicorns
In 2022/23 our Big Gig production was There Should Be Unicorns by Luke Barnes, a partnership between Middle Child, Without Walls, Wykeland and the Beats Bus, touring as part of the Without Walls outdoor network. The show had previously been delayed due to the Coronavirus pandemic and had been reshaped creatively to reflect our changing world. The production began life in Hull before touring to Brighton Festival, Salisbury Festival, the Lowry, Greenwich and Docklands Festival and Freedom Festival. The show was brilliantly received in all locations, receiving standing ovations and lots of children and young people joining the cast onstage to dance with the cast. We reached large amounts of new audiences who had never encountered our work before, and integrated full audio description into the production for the first time.
A total of 3,226 people saw the show across the duration of its run, with positive reviews and feedback received - for example:
"Unashamedly joyous… a vibrant, colourful celebration of imagination…. Revels in the radical act of imagining the ways in which things could be better. Middle Child's commitment to accessibility is not just admirable - it makes its shows better. Dave Wycherley is the BSL interpreter and feels like a key member of the cast with his cape and elastic facial expressions. Taylor's audio description is funny and feels integral to the performance" - The Stage
"An absolute joy to watch… ingenious in its accessibility… This is a show that finds avenues to be kind, even to the characters who, in less-nuanced shows, may have been plainly villains" - Hull Is This
Other Projects
In addition to Unicorns we also continued to develop exciting new projects for future these. These include:
Modest
Our Big Gig show for 2023/24 was workshopped at the National Theatre Studio.
Baby He Loves You
Our 2024/25 Big Gig show underwent a week of R&D, developing the script with local freelancers.
This One's For Us
A co-created community project in the Gipsyville area of Hull, leading to the creation of a new piece of outdoor work based on eight months of community workshops.
Three Minute Monologues
A partnership with the Warren, BBC and Comic Relief which brings to life the first time writing of local young people.
Season Launch
This period also saw our first ever Season Launch event in which we hosted a night at Bond 31 bringing together partners, stakeholders and supporters to share our plans for the next financial year. It was a great night full of celebration for everything we have planned in the coming months.
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Middle Child Theatre Limited
Report of the Trustees
for the year ended 31st March 2023
OBJECTIVES AND ACTIVITIES
That Time Again
Events that serve as both a first point-of-contact for people new to the company, and a way for people to engage with Middle Child's work year-on-year.
Robin Hood : Prince of Thorngumbald
Our flagship production in this strand of work is our annual alternative Christmas pantomime which has built a strong audience base in Hull over the past 12 years, many of whom subsequently attend our Big Gig shows.
In 2022/23 our new rock and roll panto Robin Hood : Prince of Thorngumbald returned to Social on Humber Street, reaching a total of 2,474 people - an increase on the previous year, reaching 94% of capacity. Of survey respondents 33% created a booking profile for the first time, with 38% having seen the previous year's panto and 22% having attended There Should Be Unicorns.
Sales were especially strong when considering the impact of the ongoing cost of living crisis in Hull. Once again, audience members were invited to vote on next year's story, leading to an overwhelming victory for Red Riding Hood.
Audience feedback includes:
"Laughed so much our faces ached! What a show!"
"We love the Middle Child panto. Go every year."
"Has been a part of our Xmas for years and it wouldn't be the same without it"
"It is uncomplicatedly the best panto I've ever seen"
Reverb Artist Development
Middle Child's ambitious artist development programme, offering opportunity and skill development to emerging and established artists, continued. The focus of this strand of work is to make sure the offer available to people in Hull rivals anywhere else in the country, preventing a talent drain of creative people leaving the city.
In 2022/23 activity included
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Concrete Retreat - a writer residency programme providing the opportunity for four brilliant writers (Joe Hakim, Lydia Marchant, John Booker, Tash Brown) to develop their next big idea.
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Introduction to Playwriting with Tom Wells - five first-time playwrights participated in a series of workshops led by Tom, and then saw their plays performed for the first time by professional actors in front of an audience.
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Year round access to our Theatre Library, offering access to 2,000+ new plays and textbooks to anyone who needs it.
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Regular Script Surgery sessions led by our Literary Manager, Matthew May, offering free script advice to local freelancers
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The Acting Gym launched a new programme entitled 'The Lab' offering local actors the opportunity to work on a model production to develop new skills and rebuild confidence following the pandemic.
Public benefit
In setting objectives and planning activities the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
Volunteers
Middle Child would like to thank the volunteers who support the work of the Charity; particularly the Absolutely Cultured volunteers and our founding Company Members.
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Middle Child Theatre Limited
Report of the Trustees for the year ended 31st March 2023
FINANCIAL REVIEW
Financial performance and position
The charity's income for the year ended 31 March 2023 was £498,480 (2022 £396,375). Total expenditure amounted to £403,800 (2022 £368,492) resulting in a surplus of £94,680 (2022 £27,883). The charity had unrestricted reserves of £285,970 (2022 £191,290), comprising general funds of £151,012 (2022 £60,332) and three designated funds totalling £134,958 (2022 £130,958). Taking into account the nature of the charity's income streams, the trustees are of the view that reserves at these levels are sufficient and on track to meet our reserves target by 2026 as agreed with the Arts Council.
Reserves policy
When becoming a National Portfolio Organisation in 2018, a key objective with the Arts Council was to build modest reserves which the company previously had not been able to secure. In line with the operational guidance CC19 (Charities & Reserves) issued by the Charity Commission, these reserves are intended to create financial stability and resilience for the organisation. Middle Child's reserves policy is to create a general reserve fund which can provide security for the organisation and be grown year on year to protect against unforeseen circumstances.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity was incorporated as a company limited by guarantee on 17 December 2015; it is registered under the Companies Act 2006 and is governed by its Articles of Association.
Charitable status was granted by the Charity Commission on 25 March 2020.
Recruitment and appointment of new trustees
As set out in the Articles of Association, the Chair of the Board is elected by the trustees and presides as Chair at General Meetings of the Charity. There is a maximum of 10 trustees elected to the Board at any time. Any changes to the number of trustees on the board will be approved by the Board of trustees in a General Meeting.
Representatives of Arts Council England receive copies of Board papers and are invited to attend one meeting annually but do not serve as trustees.
In 2022/23 Middle Child welcomed one new trustee to the Board, Chris Tonge, bringing business management and local corporate partnership experience. We also said goodbye to our Chair Martin Green who has left the organisation after 5 years to work on the Eurovision Song Contest. Martin has been replaced as Chair by Amanda Smethurst who took up the post in January 2023.
New trustees are approached by the Chair of the Board and briefed prior to attending their first board meeting. Useful information such as the Charity's Memorandum and Articles of Association, management accounts, the business plan, and minutes of recent meetings are sent in advance to the new trustee.
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Middle Child Theatre Limited
Report of the Trustees for the year ended 31st March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The management of the charity is delegated to the senior management team comprising Artistic Director and Executive Director who are also Joint Chief Executives.
The positions were occupied during the year as follows:
Artistic Director & Joint Chief Executive: Paul Smith
Executive Director & Joint Chief Executive: Lindsey Alvis (phased return from maternity leave from 30 June 2022)
Executive Director (Maternity Cover): Hattie Callery (until September 2022)
In April 2023, Lindsey Alvis, Executive Director and Joint CEO left the organisation to join Parents in the Performing Arts (PIPA). Since then, Artistic Director Paul Smith has become sole Chief Executive and the board are undertaking a structure review to find the best way forward for the company. Any new structure will be in place by Autumn 2023.
The business of the Charity is supervised by the Board of Trustees who meet at least four times each year, or more frequently as required. The Charity's Business Plan and annual budgets are subject to Board approval. The Board are actively involved in recruitment of senior management and support recruitment processes for the two roles.
The senior management team was supported by two full-time permanent members of staff and a freelance part-time Finance Manager, Producer, Assistant Producer and Literary Manager. The nine company members who founded Middle Child are invited to the Annual General Meeting and are regularly informed of the business of the charity. Further freelancers and production staff were hired on a project by project basis.
Post Balance Sheet Events - Significant activities after the year end
Looking ahead, Middle Child will produce a major new mid-scale production, Modest, in Spring 2023 as well as bring collaborations in Gipsyville and with The Warren to fruition. Later in the year, Middle Child will return with our latest pantomime offering, Red Riding Hood. We have already secured a significant investment for the year ahead from the JF Brignall Trust and are continuing to fundraise to match our ambition.
Thank you to the team for another successful year and working so hard to create spaces for stories to be told, and opportunities for people to hear them.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
09921306 (England and Wales)
Registered Charity number
1188756
Registered office
Regent's Court Princess Street Hull East Yorkshire HU2 8BA
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Middle Child Theatre Limited
Report of the Trustees
for the year ended 31st March 2023
Trustees
J Fallowfield (resigned 21.4.2023) M Green (resigned 1.4.2023) F Wright (resigned 31.10.2022) J R Wilkinson E M Tucker R K Knox A J Barker J Heaton M Moses J Mitra C Tonge (appointed 27.1.2023)
Company Secretary
E Anderton
Independent Examiner
Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
Approved by order of the board of trustees on 1st December 2023 and signed on its behalf by:
A J Barker - Trustee
Page 7
Independent Examiner's Report to the Trustees of Middle Child Theatre Limited
Independent examiner's report to the trustees of Middle Child Theatre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.
Responsibilities and basis of report
As the charity's 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 charity'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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
S. T. Bramall, BSc., F.C.A.,
Smailes Goldie Regent's Court Princess Street Hull East Yorkshire HU2 8BA
1st December 2023
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Middle Child Theatre Limited
Statement of Financial Activities for the year ended 31st March 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 4,941 Charitable activities 3 Theatrical productions 493,539 Total 498,480 EXPENDITURE ON Charitable activities 4 Theatrical productions 403,800 NET INCOME 94,680 Transfers between funds 16 (4,000) Net movement in funds 90,680 RECONCILIATION OF FUNDS Total funds brought forward 60,332 TOTAL FUNDS CARRIED FORWARD 151,012 |
Designated £ - - - - - 4,000 4,000 130,958 134,958 |
2023 Total funds £ 4,941 493,539 498,480 403,800 94,680 - 94,680 191,290 285,970 |
2022 Total funds £ 4,760 391,615 |
|---|---|---|---|
| 396,375 | |||
| 368,492 | |||
| 27,883 - |
|||
| 27,883 163,407 |
|||
| 191,290 |
The notes form part of these financial statements
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Middle Child Theatre Limited
Balance Sheet 31st March 2023
| Notes FIXED ASSETS Tangible assets 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds TOTAL FUNDS |
2023 Total funds £ 11,759 158,747 177,579 336,326 (62,115) 274,211 285,970 285,970 285,970 285,970 |
2022 Total funds £ 12,557 66,765 171,286 238,051 (59,318) 178,733 191,290 191,290 191,290 191,290 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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Middle Child Theatre Limited
Balance Sheet - continued 31st March 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 1st December 2023 and were signed on its behalf by:
A J Barker - Trustee
The notes form part of these financial statements
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Middle Child Theatre Limited
Notes to the Financial Statements for the year ended 31st March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. e of the contract cannot be estimated reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Taxation
The charity is exempt from paying corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Middle Child Theatre Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Donations 3. CHARITABLE ACTIVITIES Activity Box office income Theatrical productions Theatre Tax Relief Theatrical productions Theatre Tax Relief - prior years Theatrical productions Other income Theatrical productions Grants Theatrical productions Grants received, included in the above, are as follows: Arts Council - NPO award Arts Council - Cultural recovery fund Hull City Council Covid-19 support - CRJS Garfield and Weston Foundation Department for Work and Pension - Kickstart Outdoor Arts Consortium - Without Walls The Foyle Foundation The Sir James Reckitt Charity Absolutely Cultured Other production related grants |
2023 £ 4,941 2023 £ 70,473 96,706 14,559 3,141 308,660 493,539 2023 £ 152,760 - 30,000 - 15,000 13,990 27,620 20,000 10,000 7,980 31,310 308,660 |
2022 £ 4,760 2022 £ 31,608 37,464 - 11,397 311,146 |
2022 £ 4,760 |
|---|---|---|---|
| 391,615 | |||
| 2022 £ 152,760 76,065 5,000 1,702 - - - - - 40,000 35,619 |
|||
| 311,146 |
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Middle Child Theatre Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
| 4. CHARITABLE ACTIVITIES COSTS Theatrical productions 5. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Production costs Development costs Development fees 6. SUPPORT COSTS Administration £ Theatrical productions 82,164 Support costs, included in the above, are as follows: Rent Light, heat and cleaning Travel and subsistence Staff development Health and safety Sundries Repairs and renewals Freelance wages Subscriptions Telephone Printing, postage & stationery Depreciation of tangible fixed assets Marketing and advertising Insurance Accountancy Legal and professional fees |
Direct Support Costs (see costs (see note 5) note 6) £ £ 299,868 103,932 2023 £ 144,530 140,325 6,568 8,445 299,868 Governance Marketing costs £ £ 13,273 8,495 2023 Theatrical productions £ 25,062 4,815 2,511 6,910 532 3,965 2,186 23,053 5,871 997 424 5,838 13,273 2,592 3,653 2,250 103,932 |
Totals £ 403,800 2022 £ 135,287 149,435 6,015 - 290,737 Totals £ 103,932 2022 Total activities £ 24,287 - 542 14,521 2,182 1,563 - 7,415 5,050 1,163 123 4,675 10,240 2,114 3,880 - 77,755 |
|---|---|---|
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Middle Child Theatre Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2023
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Independent examiner's remuneration |
2023 £ 5,838 3,653 |
2022 £ 4,675 2,880 |
|---|---|---|
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.
Trustees' expenses
There were trustee' expenses paid of £624 for the year ended 31st March 2023 (2022 : £968l).
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Staff numbers | 5 | 5 |
No employees received emoluments in excess of £60,000.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
All income received and expenditure incurred in the comparative year related to the general fund within unrestricted reserves.
11. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Plant and | |
| machinery | |
| £ | |
| COST | |
| At 1st April 2022 | 22,745 |
| Additions | 5,040 |
| At 31st March 2023 | 27,785 |
| DEPRECIATION | |
| At 1st April 2022 | 10,188 |
| Charge for year | 5,838 |
| At 31st March 2023 | 16,026 |
| NET BOOK VALUE | |
| At 31st March 2023 | 11,759 |
| At 31st March 2022 | 12,557 |
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Middle Child Theatre Limited
Notes to the Financial Statements - continued
for the year ended 31st March 2023
| 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Trade debtors 1,030 Theatre tax relief debtor 147,707 Prepayments 10,010 158,747 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other creditors - Accruals and deferred income 62,115 62,115 14. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2023 £ Within one year 23,760 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Unrestricted Total fund Designated funds £ £ £ Fixed assets 11,759 - 11,759 Current assets 201,368 134,958 336,326 Current liabilities (62,115) - (62,115) 151,012 134,958 285,970 16. MOVEMENT IN FUNDS Net Transfers movement between At 1.4.22 in funds funds £ £ £ Unrestricted funds General fund 60,332 94,680 (4,000) Designated - Project 74,958 - - Designated - Core 46,000 - 4,000 Designated - Employment fund 10,000 - - 191,290 94,680 - TOTAL FUNDS 191,290 94,680 - |
|
|---|---|
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Middle Child Theatre Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
16. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 498,480 TOTAL FUNDS 498,480 Comparatives for movement in funds Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 76,008 27,883 Designated - Project 30,000 - Designated - Contingency 12,000 - Designated - CRF 45,399 - Designated - Core - - Designated - Employment fund - - 163,407 27,883 TOTAL FUNDS 163,407 27,883 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 396,375 TOTAL FUNDS 396,375 |
Resources Movement expended in funds £ £ (403,800) 94,680 (403,800) 94,680 Transfers between At funds 31.3.22 £ £ (43,559) 60,332 44,958 74,958 (12,000) - (45,399) - 46,000 46,000 10,000 10,000 - 191,290 - 191,290 Resources Movement expended in funds £ £ (368,492) 27,883 (368,492) 27,883 |
|---|---|
Details of designated funds
£74,958 of unrestricted funds has been designated to a Project Fund to enable meaningful investment in new productions to achieve artistic excellence on a case-by-case basis.
£50,000 has been designated to a Core Fund to cover core operating costs of the charity.
£10,000 has been designated to an Employment Fund to enable the charity to prioritise people and ensure it can be responsive to providing enhanced employee benefits as they occur.
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Middle Child Theatre Limited
Notes to the Financial Statements - continued for the year ended 31st March 2023
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st March 2023.
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Issuer
Smailes Goldie
Document generated Wed, 13th Dec 2023 8:20:12 UTC
Document fingerprint 4c6b830c1c280a5af86b06abf5c635e7
Parties involved with this document
Document processed
Party + Fingerprint
Wed, 13th Dec 2023 8:46:33 UTC Wed, 13th Dec 2023 8:46:33 UTC Wed, 13th Dec 2023 10:51:55 UTC
Amanda Barker - Signer (eca15710a131d1a796b0989e67b748a5) Helen Rhodes - Copied In (82788c393d69f3257e70d48e4752cb10) Steve Bramall - Signer (b3876bdbff894b42d906bce1797c4f8c)
Audit history log
Date
Action
Wed, 13th Dec 2023 10:51:55 UTC Wed, 13th Dec 2023 10:51:55 UTC Wed, 13th Dec 2023 10:51:55 UTC Wed, 13th Dec 2023 9:17:35 UTC Wed, 13th Dec 2023 8:47:48 UTC Wed, 13th Dec 2023 8:47:47 UTC Wed, 13th Dec 2023 8:47:39 UTC Wed, 13th Dec 2023 8:46:49 UTC Wed, 13th Dec 2023 8:46:44 UTC Wed, 13th Dec 2023 8:46:34 UTC Wed, 13th Dec 2023 8:46:34 UTC Wed, 13th Dec 2023 8:46:33 UTC Wed, 13th Dec 2023 8:46:33 UTC
Wed, 13th Dec 2023 8:46:33 UTC
Wed, 13th Dec 2023 8:46:33 UTC Wed, 13th Dec 2023 8:46:03 UTC Wed, 13th Dec 2023 8:45:56 UTC
Steve Bramall viewed the envelope (79.78.138.18) This envelope has been signed by all parties (79.78.138.18) Steve Bramall signed the envelope (79.78.138.18) Steve Bramall viewed the envelope (31.94.71.184) Amanda Barker opened the document email. (194.207.120.42) Amanda Barker opened the document email. (194.207.120.42) Steve Bramall opened the document email. (40.94.88.126) Amanda Barker opened the document email. (86.160.3.52) Steve Bramall opened the document email. (40.94.87.126) Document emailed to stevebramall@smailesgoldie.co.uk (18.134.242.179) Document emailed to helenrhodes@smailesgoldie.co.uk (35.177.16.136) Amanda Barker viewed the envelope (86.160.3.52) Sent the envelope to Steve Bramall (stevebramall@smailesgoldie.co.uk) for signing (86.160.3.52)
Sent the envelope to Helen Rhodes (Helenrhodes@smailesgoldie.co.uk) for signing (86.160.3.52) Amanda Barker signed the envelope (86.160.3.52) Amanda Barker viewed the envelope (86.160.3.52) Amanda Barker opened the document email. (86.160.3.52)
Wed, 13th Dec 2023 8:44:48 UTC Wed, 13th Dec 2023 8:43:51 UTC Wed, 13th Dec 2023 8:37:02 UTC Wed, 13th Dec 2023 8:24:12 UTC Wed, 13th Dec 2023 8:24:11 UTC
Wed, 13th Dec 2023 8:44:48 UTC Amanda Barker opened the document email. (86.160.3.52) Wed, 13th Dec 2023 8:43:51 UTC Amanda Barker opened the document email. (86.160.3.52) Wed, 13th Dec 2023 8:37:02 UTC Amanda Barker opened the document email. (146.75.168.38) Wed, 13th Dec 2023 8:24:12 UTC Document emailed to hello@amandasmethurst.com (3.8.85.94) Wed, 13th Dec 2023 8:24:11 UTC Sent the envelope to Amanda Barker (hello@amandasmethurst.com) for signing (213.249.229.122) Wed, 13th Dec 2023 8:22:20 UTC Steve Bramall has been assigned to this envelope (213.249.229.122) Wed, 13th Dec 2023 8:22:20 UTC Helen Rhodes has been assigned to this envelope (213.249.229.122) Wed, 13th Dec 2023 8:22:20 UTC Amanda Barker has been assigned to this envelope (213.249.229.122) Wed, 13th Dec 2023 8:20:16 UTC Document generated with fingerprint 4c6b830c1c280a5af86b06abf5c635e7 (213.249.229.122) Wed, 13th Dec 2023 8:20:12 UTC Envelope generated by Gill Waters (213.249.229.122)