mailes Goldie CHAR T£k£D ACCOUNT ANTS REGISTERED NUMBER:09921306 REGISTERED CHARITY NUMBER: 1188756 Middle Child Theatre Limited Unaudited Financial Statements 31 March 2024 OIMIBHFPN' 0411212024 CCAPANIES FV)USE A15
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Middle Child Theatre Limited Contents of the Financial Statements for the year ended 31st March 2024 Report of the Trustees Independent Examinerfs R•port Statement of Financial Activities 10 Balance Sheèt 11 10 12 Cash Flow Statemenl 13 Notes to the Cash Flow Ststement 14 Notes to the Financial Statements 15 10 21
Middle Child Theatre Limited Report of the Trustees for tho yoar &nded 31st March 2024 The Iruslees who are also directors of the charity for the pur[se5 of the CompanEs Act 2006, present their report with the financial slalemen15 of the charity the year ered 31st March 2024. The trustees have adopted the provisions ol AAInts"n9 and Reporting by Charib"es." Statement of Recommended Pracbce applicable to charits'es preparing their accounts in acCOrdaeW1th the Financ7al Rwting StaThJard applicable in the UK and Republic ol Irdand {FRS 102) leffecbve 1 January 2019}. 08JECTIVES ANO ACTIVITIES Objectives and airns Middle ChikJ'5 purpose as set out in the company's artides of a550oyation rs- To acjvance the arts for the public benefit by the pr¢JIn in part)Jlar, tmrt not exdusively, of the art of dram8.' The aclivilie5 aTrJ objectives that Ihe charity set annualy Ctre on this purSe arKI are guKl&J by its v10. Mission. Strategy. Values and midd Child se. Vi5i0n A vision frA a fair and wilable vrkI kn anyone's St can be leld and heard. Mission To tell untold stories which Captu the electrilw'ng mtrnwl ert the beat drops. mixing Mginal live music wsth bold new writing. Mi(Jdle Chsld evenls afe live and bud. making sense of the m(Klem d. The company 15 committed to breaking dn barriers and enyjring that theatre is affordable and aCsie to all. Middle Child will sel fi lo your imagination of what a night at Iheatre can be. Strategy Audiences: Middle chi create theatre that rJ$ peOe together for a gtr)d nityit out %lh bwJ ideas. Artists.. Middle Child invest lime. money aTrJ resowce in Ihe urKler-presenIed vwes to contribute the crealth of a rn(e UlIable irKlusty. Valu0$ A Hull-based company, which is vrtsl lo the wtyk. stories and entire ethos Put Hull artists at the heart of the ueats.ve pr$$. giowth and stxxesses Prioritise the wdl-being of the peop the o)mpary rkS wrth and damaging behaviou and habits Mthin the industry Endeavwr for the work lo be affOrdae arKI accesyble to all Lead wth athc1ty. transparency and (1)enSS al Éwery thl of Ihe organisati Committed lo creating greater equity in who makes ar enjoys theatre Detemined lo increase the Ofart and aLxlierKe5 in Hull Middle Child Artistic Style 81urs the lines between gigs. slaThJ up. Ih2atTe and a ntqht out wilh a focus on breaking d¢MI barriers: Tells stories that are new, Northem and refiect the th'vergty of the United lQngdom'. Prioritises 'lNeness'. remaining resrthsNe ar reactive lo each audience. 8dieve wrxks best as a social ev[ wiiti a reason to come earfy or stay18te. Page 1
Middle Child Theatre Limited Report of the Trustees for the year ended 31st M•rch 2024 OBJECTIVES AND ACTIVlnES Significant activities in the year Progress in the face of extemal Chlenge$ The year 202312024 marked Middle Child's sixth year as an Arts CcyJncifs NatiC81 Porrfolio Organisation. 11 has been our most ambilic4Js year to date in.lerms of Ihe xale of our work, the wide reach of our programme and key changes lo cJr staffiThJ strtures. Despite industry-wide challenges relab.ng lo ongoing recovery from the pandemic and the nation81 cost of livir•J Cris's, il has been a year full of sLesSes on and off4tage, induding me8niTh3ful progress towards our vision and an ev(Aulirm of our dynamic and ftexible producin9 mcrtlel. We relurned to ind([ louring for the first time since before the pandemic- iLing a he8¢Jline run al the 2021 London The3 of Year. The lfjln. produced our besl-selling panto yet- reaching 95% capaaly, exceeded our fundraising target by 17¥0 and saw our IuSe tatre library reach ifs hNJhest numbers yel. Our artist development programme. Reverb, also continl to make great impact in our home city and we secured signilic8nl new investment towrdrds the launch of our playwnliry fe51i¥al. F$h Ink. which will launth in 2024125. We also laurKhe¢J a r7ew part ofour pr(yJramme enb.tled Play and a Plate which t(x)k live play readings into community settings while offering free in aCkmwd9men{ of rising ld povety in our area. Middle Child wefe also embedded within communities in the aty on a larger scale than ever before. spending a full- year immefsed in Hull's Gipsyville area before crealing a 5hryw with and lor residents. partnering with The Warren and Comic Relief to co-ue8le Th Minute Morwjogues based on the words of kxl young people. and wtyk'ng wlh W To ()Jrs on an Eastw tour of w panlo to fwr ornunity spxes. Key challenges remain as audiences are sk)w lo tuM lo Iwe theat fdkywing the pandemic, with Hull in particular feeling this pressu across the secl¢y_ This was also feli heawly durin9 the louring leg of Modest with audiences Slight below wr expecialions at mosl venues. There is a knoo-on effect on the guarantees receiwng venues are able to offef. meaning touring leds more chalJ1ng than ever for companies of our size. This was miligaled in 2023124 ty 8 planned release of some of our Dynamism fu1. enabling us lo pr(xJuce arKI lour Modest in line with wr ambili¢)ns the e. Ihwgh we must cOgnise that this model is not sustainable aTh1 will nee(1 lo be rethought or additional funding secured lo continue in fulLtre. Middle Child are engaged inwider industry conversations and adviuw around this t0c. and hope that sustainable change will be seen in the coming years alongstde an improvement n audience confidenc and 8ttendan¢e post- pandemic. Accgss and AudienGos Middle Child eyist to inuease xcess lo creatir¥J live tstre, and do this in ways arosS our programme.. Change how people access live performance.. Pay what you deade and solidarity ticket offers are made available kncally so that people who wouldn't be aNe to attend live theatre can attend pr¢)ducbons. Working with I(1 community groups lo a walkn.ng bus- a 31 and supported way fcf those Ihoul transp110 attend prcrfjtIons. Offering regular British SKJn Language arnl alKI described perfnanceS. Providing free lickel offers to targeted community group5. Pr8cliung cultural demo(¥acy by Ul3Y ayting the o)mmunity wtst they want to see, inviting audiences lo vole for eath yearfs panto bue arJ gr¥uig th81 people the cw¢e to Co-design the programme. FknslirvJ Imagine the Futu ffXUS 9fLXJPS. inviting fvedancers aThJ alenCeS to -desft the fulure of the industry and. consequenuy, our programrne. Taking hgh-quality theatre lo peoe'S dcKJrsteps alongsvje par1ners su¢h as Absolutely Cultured and Back To Ours. Change how people access devdowipmt and employMt Op[yilIIes, lo widen can pursue a career in the arts". Page 2
Middle Child Theatre Limited Report of the Trustees for the year ended 31st March 2024 OBJECTIVES AND ACTIVITIES Offeri flexible workirvJ to 5UPPOrt wcYk4ife balance and staff wellbwrvJ. Implementing the four-day wothirKJ week to pport wcwk-lrfe balan(. staff wellbeing and reduce utility costs. A Parents in the Perfclming Arts {PIPA} Charter Partner. nementing family-frierKlly working poIleS. Ensurir¥J development (X)wrtUn.es a free ( offer paitj to remove financAal barriers lo access. Completiro essential training wilh Core leam aThJ lo1 fredancers. wh)m the companls work depwhY5 On. Ensurir¥J cr building is fulty acsIble Mlh lift and a(xessible toilet and entrance ramp. Taking our development pryramme into community Spa5, such as throJgh our year4ong embedded work in the Gip5yville comrnunty or our t(yJring Play and a Plate programme. ALJiences iddle Child ewsls to th8nge who makes and enjoy5 theatre. Thi5 15 reflected in the stories lol¢J and the company's core audience". people who d¢'t Ihink theat is for them. becatlse of a mix of real or perceived exclusions indudiThJ the stories that are Ic4d. wh) tdls them and vknere, affordability and accessibility. Middle Child largels work al yourw118-341 wcyking dass aUdn5. ilIdIng families for our Christma5 work. and woths hard lo remove barriets faced by divwse and dIsaed comfflurwtie5. Artistic Programming The Bi HKJh-quality gig Iheatre that starts life in H1 before embarking on national lours and transfers. These st$ are the compan¥s fla9ship productions. ambilicxjs in 1 f(m arn1 conlenl. with a focus growing local audiences and developing a rtsOnal Profile. Modès In 2023124 our Big GKJ producb.on was Me$l by Ellen Brammar. a partr*rship between Middle Child an Milk Presents. The production began lifeat Hull Truck Theatre before tng to the Sheffield Crucible, Northern Stage, SlungLow in Leed5, the New Wo15ey. the Stephen Joseph Theatre and L0ndc'S Kiln Theatre. The show receNed excellent audience feedback and very slroThJ reviews. Whik tour sales were slightly lower than anb'cipaled. thi5 shcw bought in a completety new audiwKe for Mhldle Child and managed to excEed sales for our 2022123 outdoor musical There SIKxJld Be UnOrn5 by 48% - a remathatAe 3dMevemenl congdering tickets for thal sh¢)w free. A lotsl of4,205 peop sawthe shjw across Iheduration of rts run, th p05itr¥e rewews and feedbad( reeewed - fof example.. "Rollicking ptie of gig theatre... s1onkn.j [erfrnar arKI stunning snging" _ 4., The Guardian "Brammarfs exceptional &Mece... uses a Went mix of ¢Yag. searirKJ comedy, indignant fvry tenderness to explore the rea14rfe artist's histcry arKI hyhlNJht rts contrad1th.1S... The ensemble cast are wonderful." The Stage "Hugely easUrale watth... ¢Ydi¥ers punch after Wh, _ 4", What's On Stage Page 3
Middle Child Theatre Limited Report of the Trustees for tho year ended 31st Mar¢h 2024 OBJECTIVES ANO AcnvmES Other Projects In addition lo Mthlesl we 81so produc£d a number of other impactful woFcts tpthich engaged kKal aLa"ence$ al both partiCiP8nls 8nd aLKliences. These ile.. This Onè's For Us in artnershi with Absolute Cultu A co-created community project in the GIpwI area of Hul. leadir#J lo the creation of a new piece of outdoor work follc¥wing a year of embed¢Jed community Work$. The show was brilliantly received by both P8rtIUP8nls and l(tal audiences, with 89% of survey responders stating the protr1 Wds different from things they had experienced before and 93% reporb.ng the propct Wped them Io gain new ingght or knowledge. The Minu artnershi with the Warren the BBC arKI Comt Relief Our partnership with the Waen. the BBC and Comic RelEI bought to life four monolcgues based the words of young people. followng a series of workshops which saw 196 attendances from young people. The project was a real succes5 with 86% of 70 young pelwle repth.ng [Ill¥e impad on thwr mental health. and 100% saying thwr new Wr"ng s"11 were useful. Bab He Loves You Our 2024125 Big Gig Show underwent 8 week of R&D. devdoping the xript hxal freelancers. That Time Again Events that serve a5 both a fv5t wnl-of-CMtacl Feoe new to the cx)mpary. and a way for people to engage th Middle Chikl's work year-on-year. Red Ridi Hood Our flagship productH)n in this strand of work Is Ouf anrKJal altemalive Christmas pantomime which has built strong aUdIee base in Hull over Ihe pasl 13 years. many of whom subsequently attend cur Big GVJ shows. In 2023124 our new rctk and rdl panto Red RIng Hood lumed to &xo1 HUrn Street. reaching a tolal of 2,655 - an increase d 7% on the plOuS yeèr. re8thing 95% of capacity. Of audiences surveyed on the door. 40% had not seen 8ny olhef theatre in pasl 12 monlhs askle from panto. We have sel targets re181ing lo how many p8nio audien atte1 wr next Big Gig. Baby. He Loves You to prove thi5 pathway method 15 effeclive. Sales were espeo.ally strong when COnderIng the impact of the orwJoiTWJ C05t of livirvJ crisis in Hull. Once again, audience membefs were invit&J to vote on next yearfs Story. wlh 1,886 {71%} of our audience iaking part in Ihe vote - leadirKJ to an oveTr¥hdmiThJ vthry f¢y Trea9j IslaThJ. AudierKe feedback irthJe5.' 'Absolutdy brilliant every Yea." Hilarious as alaY$. '8rillianl, best panlo in trN4n' 'Besl panlo everl" This year we also partnered wrth 8ac lo (kn. touring our panlo for the first time. The show towed to lour community venues across the city and was a resoundirbj success. wth IrKred1e audience feedback and 84% of lickels sokl. 100% of audien ret*yted feeling welcomed a1 al ease dunng perfomiances, with 72% sawng they ha¢J experienced somethiro n. 95% saKI they enjoyed hcr•4 the show bought pe¢Jple lsyJether, with 95% also saying it ma¢Je them fed happier. There is a hope Ihal Ihe panto Can w¢yk in partnership again with Back lo OU in 2024125 lo build on this positive firsl year. Page 4
Middle Child Theatre Limited Report of the Trustees for the year ended 31st March 2024 OBJECMVES AND ACTIVITIES ev Artist Develo ment Middle Child's ambitious artist devewmenl programme. offeriw opportunity a1 skill development lo emerging arJ establishgj artisls, continued. The frKus of Ihis strand of is to make sure Ihe offer available to people in Hull fbvals afve el¥e in the nIry. a tslenl drat ol wtrve pwjle leaving the city. In 2023124 aclivty induded Out L( - scripl-in-hand wfomianees of py$ by emergirJ writers Chris Pearson, Hannah Scorer and Olivia Hannah, serlty designed lo support wrilers lo make Ihe leap to thwr next stage of devdopmenl. 63% of audience attendees lo events did rnl work in Ihe arts, provin9 that projects like help to build an urKlerstanding of how theatre is made fcff those outside of the industry. Introduction to Playwriting wth Tom Wells- seven ffirst-time playwrilts partiapated in a series of workshops led by Tom, and then saw t'r plays perforned for the firsl lime by professional actors In fr11 of an audience_ Year-round access lo our Theatre Library. offlg a$$ to 2.(KQ+ plays and ley1bS lo anyone who rEeds it. Our library saw its highest enga9emenl figLtres yet, wilh 42 new library swn- ups and 270 plays borred across Ihe year. Play aTrJ a Plate - ihe launch ol new touring play reading service whith also feeds participants was funded by the Two Ridir¥Js Community Foundatton. 7 of participants reporied they had been impacted by the ongcirb3 Cost (rf INing crisis. wth the pffjiect reathing 9 dtfferent eommurmty groups auoss the city. Regular Script Surgwy sessions led ty Literary Man>i. Matththv May. offeriTrJ free script advice to l¢xal fredancers . The kling Gym Continued lo greal success 13 actors taknng part in a swies of workshops developing their Mo19gue skills, leading to an inf(mial perfomiarKe. 1 of paitipanls ported Int85ed nfIdenCe in perforfflirrfJ. Public benefrt In setting objecb'ves and planniThJ actiwties the truslees have given due cor6ideralion to 9eneral gUanCe published by the Charity Commisgon relatw lo publ ber*fiL Volunteers Middle Chdd would like lo thank the volunteers who pp(xt the wort of the Chanty,. particularfy the Absolutely Cultured volunteers and our Compary Members. Page 5
Middle Child Theatre Limited Report of the Trustees for the year ended 31st March 2024 FINANCIAL REVIEW Financial perfornian and posilion Over¥i•4¥ 2023124 sees Moale Child's first deficil year wsl parKlemic. The increase in reserves hekl fr1 DCMS I Arts CoLtncil ernefgency funds and ub"lisalion of ts furlough scheme albJwed Middle Child lo anticipate this deficiL leading to a planrd release of ttynami8m funds to all our Big Gg prcJuction of Modesl to lulfil its creative ambition and UK lour. RJ"sng inflab.on and diffi¢vlty in the UK theatre touring model conlinLie5 to create challenging landscape moving into Ihe nexi finanaal years, wilh MKJdle Child choogng not to tour our nexl &'g Gig producb"on, Baby, He Loves YOJ. in order to mits'gate ffinancial uneertainty in the next Finarrial Year. Long term stability is a key fcojs for the organisaiiM, and we are delighted Ihal we have able to maintain the equivalent of three months of tsjmover in a separate desKJnaled fvnd. Analysis The charity5 income for the year ended 31 March 2¢r24 was £515.84512023 £498,4801- an increase of 3%. Total expenditure amounted lo £546.58712023 £403.8001- an IrSe of 45%. This resulted in a defiul of £30,74212023 surplus £94,680). This is an improvement on the txjdgel for 2023124 of £37,947, with the orKJin81 budget submitte11 10 boaro of trustees and the Arts c0j11 show¢ng a pl8nrEd deficit of £68.689. While these number5 may irwlialty seem concefning, rt is importanl to rwterale ihat this year was always expected to be a deficit year with a pre-planned release of funds from our dgnated Ewnamism Fund to support our ambitious production of Modesl. ensuring the'year effectsvely eThJs at a baken kxxnl. Subsequentty. £30.742 lof a anned £55,000) vos releose(J from our existing Dynamism Fund to supp)rt the production of Modest and to cover the loss made by the charity in the current year. In addiliM, £35,CQO from general funds was transfefred into our desgnaled wind down reserve fund due lo the value ofour three Mth lurrKwer Increasing. The total net transfer from the general fvThJ f t)th Ihe above is £4,258. Reserves policy At year eThJ, Ihe charity holds.. General Fund$ of £116.012 Dynamism Fund of £44.216 lavailatAe lo supp)rt key artistic actNity and safeguard the future of the cfganisationl, designated within unrestricted funds. Wind-Down Reserves Fund of £85.000 lin line ith the three4nonth wind down eosls of the organisabon}. esignated within unfestricted funds. Employment Fund of £10,000 (to be used for sickness, matemity leave arKI other staff-related costs). designated within unre51ricled lunds. Total £255,228 The company are confident that Ihe above resetves are of a sensible level which safeguard the fulL*e of the organisab"on. R8serves Policy Middle Child's reserve5 pdicy is lo- Ensu finanoal sustainatmlty arKI reSi1nCe for t organisatiC in line Iwth operational gUlanCe CC19 (Charities & ReseThes} issJJed by the Charity Commisgon. Build adequate reserves to eouNalent of al least 3-monlhs wind dcJAn costs Create a ,naMISM FuThY' availab lo support key 8rtL%lic acttvity and safeguar(I Ihe future rf the Organisab" in an ever eV0fvir challenging finanGal cost of liwng crisis. Have a designated fund of £10k lo account XpeCte£l stsff costs. suth as materrwty aVe. sth leave and other HR relaled spe1$. Page 6
Middle Child Theatre Limited Report of the Trustees for the year end•d 31st March 2024 STRUCTURE, GOVERNANCE AND IAANAGEMENT Goveming document The charity was incorporated as a company limited by guarantee on 17 December 2015.. il is r¥stered under the Crmpanies Act 2(X)6 and is governed by its Arte5 of Asgxgaticffl. Charitable status was ganled by Charity CommiSs)n (m 25 March 2020. RoCrnitm•nt and appointment of n¢ trustees As sel c¥Jt in the A'cleS ol Asscciab'on, the Chair of the Board is elected by ihe truslees and Presides as Choir al General Meetings of the Charity. There is a maximum of 14 trustees elected lo the 8oard at any lime. number increased Irom 10 in earfy 2024. Any ch8rwJes to tr number oftrustees cfi the boafd wll be approved by the Board of trustees in a General Meeling. Representatives ofArts Council England re¢ive topie5 of Board papw5 and are inwted to attend one meeting annually but do not serve as trustees. In 2023124 Middle Chikj recruited rW tnts1 Haltie Callery. Ha1 Johnson. 8ellaray 8ertrwhJ-Webb. Tanya Loretta Dee. Rachel Hogg, Coke Green. Amber Wiles. We said gr¥)dbye to truslee Emma Tucker and Jay Mitra who came lo the end ofher term with ts company. W thank ihern both for their hard work supportiThJ the company over the past five year> New trustees are approached by ts Chair of ts Board and briefed prw)r lo altendiThJ the first board meeting. Useful infomalion such as the Charity's MemorarKlum and Artides ofAsswali¢)n. management ace4)unls, the business plan. and minules of recent meetings are sent in advance to the Irusiee. Oryanisational structur• The management ol the chty is deated lo senity marwmenl leam ccvnpnsing Artistic "reCtor and ExeoJtive Directof who are aso J(Mnt Chief Execubves. The positKJns we cttuimed dunro the year as folltY4¥S: Artistic Director & Joint Chief Executive.. Paul Smith EXelIve Diredor & Jnt Chief Executive." kn"rK1sey Akn"s The bu%ness of the Charity is bwperyised by the Board ofTnJ51ees who meet al least f¢xJr times ea¢h year, or more frequently as wuifed. Thè Charivs Buyness Plan and annval budyels are subject to Board approval. The Board are active invofved in recnitment of senKK managemenl and supwt recruitment processes for the two roles. The senior managemenl team are SUPkXYted by a permanent staff team of four. tr¥0 full memLws ol staff, the FInae and Operalions Manager and the AudwrE Development Manager and two p8rt-b.me members of staff the Literary Manager arKI newty apk)CA"nled GpJral & PrrAuclion Man89er. The nine company members who founded Middle Chikl are invited to the Annual General Meetin9 and are regukdy infomied ofthe busness ol the charty, fonning an advisory board which feeds directly into the companls programme of wuk. Furthèr felancerS an¢J production staff were hire¢J a projecl by project basis. In April 2024 we said goodbye to Executive tlre¢l¢y and Joint CEO Lindsey Alvis as she left lo wrsue 8 new role at Parents in t Performing Arts as thr P4JsirEss Devept and Pr¢bJramme Marrager. Post B•lan¢e Sh•et Events- Significant activili05 aft•r th• y•ar 01 Looking ahead. Middle Chdd wi11 produce a major ne4W mKI-scak pr(¥Juth"on. Baby. He Loves You Sprirvj 2024. In the Summer of 2024 Middle Child wll launth thar pilot Fresh Ink festival in partnership wth funders. Wykeland and the J F Brignall Trust. Later in year, Mi¢Ydle Child wll relum with cxjr latest panlomime offering, Treasure Island, written by artistic director Paul Smith. We have already secured a svJnifi¢ant investment for the ye8r 8hea(J and are continuing lo fuThJraise lo malch our ambitK)n. Thank you lo the team fry anolhw SLKxessfvl year and won9 $0 hard to treale spaces for stories lo be lokj, and opportunities for peOe to hear them. Page 7
Middle Child Theatre Limited Report of the Trustees for the year end 31st Mah 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09921306 (England and Wales) Regislered Chority nun 1188756 Registered office Regent'5 C(yJrt Print%ss Street Hull East Yorkshi HU2 88A Trustggs J Fallowfield (rgned 21.4.2023) M Green Iresigred 1.4.20231 J R Wilkinsc E M Tucker {reswJrEd 15.3.2024) RKKnox A J Smelhuisl (Chair} J Heaton {Vice Chw'r) Moses H Callery lawointed 14.6.20241 J Milra Ifesigned 1.1.2024} C Tonge R Hogg lappoiTrted 14.6.20241 C Gen lappoinled 14.6.2024} A Wiles {appointed 14.6.2(r24} H A Linfoot lappoinled 14.6.2024) Company Secretary E Anderton Independent Examiner Smalles Gol¢Jie Chartered A¢countanls Regent's Court PrinS Streel Hull East Yorkshire HU2 8BA Approv&J by cder of the board of irustees on 261h November 2024 and ned on ils behall ty. A J Smethurst- Trustee
Independent Examiner's Report to the Trustees of Middle Child Theatre Limited Indepondent oxaminerfs report to the trustees of Middle Child Theatre Limited Ilhe Company'l I report to the charity Iruslees my ex17a1M of Ihe a¢cwnls of Company for Ihe year end 31 sl March 2024. Re$pon$ibilities and basis of r•port As the charity's trustees of the Company {and also its directols for the purposes of company law} you are re5ponsble for the prepwation ol the accounts in ac4XTdance the requirement5 of the Companies Act 20061'the 2006 Act.). Hawng sabsfieil myself that the aCnIS of Ihe Crynpany are not reqUIj lo be audited under Part 16 of the 2006 Acl and are elMJible for independent examinalion. I report in respect of my examination of your charills a¢nIS as carne£l out under Section 145 of Charities Act 2011 2011 Acl'l. In Carn9 out my examination I have follcmed tr Direcn5 given by tr Charity commissi uNJer Section 145151 Ib) of the 2011 Act. Indepondont examinerfs statement Since your charity's gross income exceedejj £250,0 yow examiner must be a member of a listed body. I can confirm ihat l am qualified to undertake the examinabon tjecause l am a member of tre Institute of Chartwe(l Accountants in England Wales, wlm.ch is one of the listed bod. I have completed my exafflinatKJn. I confirm Ihat no maitws have c4Jme lo my attentic in conneclicffi with the examination giving me cause lo believe.. aontIng rerdS were nol kept in respect of ts Crywny as ruld by Section 386 of the 2006 Act-. or the accounts do not ae¢cKd wth those rerdS., the accounts do rKsI comply wrth the aOunting requirements of sect 396 ofts 2C(6 Ad other than any requirement that the acccyjnts s¥¥e a Irue arKI fair view which 15 r1 a matter cons*Jered as part of an independent examinabon.. or the acccyJnis have not been prepared in accordance with the methods and prinaples of the Statement of Reccffimended Practice for accountirrfj and reportirrfJ by charibes (applicable to charib.es preparing Ihe&r accounts in aecordance th the Financial Reporting Standard ap l¢ab in the UK and Republic of Iland IFRS 1021). I have no concefns and have come acsoss no other matters in COnnlI0n with the examination lo which attention strx)uld be drawn in this repyt in order to enable a pwr urmjerstsnding of the aUnIS lo be reacw. S. T. Bramdl. Bsc.. F.C.A.. Sm8iles Goklie Regenl's Court PrinsS Street Hull East Yorkshire HU2 8BA 26th November 2024
Middle Child Theatre Limited ststement of Financial Activities fof th• year ended 31st March 2024 2024 Total funds 2023 Total fvntts Unrestricbj lund Designated Notes INCOME ANO ENOOWMEPITS FROM Donations aThJ legaaes 5.810 5.810 4.941 Charitable activllles Theatrical prLxlu¢bons 509,944 509.944 493,539 Investment irtome Total 515.845 515.845 498.480 EXPENDITURE ON Charitable activiti•s Theairical productions 403,800 NET INCOMEI{EXPENDITURE) Transf•rs b•tw••n funds (30.742> 4.258 (30.742) 94.680 17 4.258 Net rnovement in funds (35.0001 4.258 (30.742) 94.680 RECONCILIATION OF FUNDS Tolal furKls brought foTh¥ard 151.012 134,958 28S.970 191,29) TOTAL FUNOS CARRIED FORWARD 116.012 139.216 255.228 285,9TO The notes fcffli part of these financial statements Page 10
Middle Child Theatre Limited Balance Sheet 31st March 2024 2024 Total funds 2023 Totsl fvnds Notes FIXED ASss Tan9ible assets 12 14.117 11.759 CURRENT ASSETS Debtors Cash al bank 13 139.477 158.597 158,747 177,579 298,074 336,326 CREDITORS Amounts fall1r due wthin one year 14 {$6.9631 {62.1151 NET CURRENT ASSETS 241 111 274211 TOTAL ASSETS LESS CURRENT LIABILITIES 255.228 285,970 NET ASSETS 255.228 285,970 FUNDS Unreslricled fvnds 17 255,228 285 970 TOTAL FUNDS 255 228 285.970 The charitable CLJnpany is enlirfed to exemption from Lwhjer sec1K 477 of the CompanEs Act 2006 for the year ended 31st March 2024. The members have 1 required the company to obtain an aLxlit of its ffinanaal StatetS for the year ended 31st March 2024 in acctdance wlh Seebon 476 of the Ccrfnpanies Act 2(X)6. The InJstee5 acknowl&Jge their responsibilities for {a} ensuring that the charitsble company keeps accaJJnting recc*ds that with secb.ons 386 and 387 of the Companies Ad 2006 and preparing financial slatements whi¢h give a true arKI fair view of the stale of affairs of the charitable eompany as at the end of each financial year and of its surplus or def1 for each financial year in 8ctor¢Janee wlh the requirements of Sections 394 and 395 and which otheThvise comply with the reqU1ments of the CM)panies Act 2006 rel8b.ng lo finartial statements. so far as applicable lo the chariiable company. {b} The notes form part of these finanoal ststements Page 11 conthued...
Middle Child Theatre Limited Balance Sheet - continued 31st March 2024 These financial ststeMs have been prepared. in arxordance with the provisions applicat4e to charitable c(ynpanies wbjeci to small compan$ roJime. The finanaal slalemen15 were approved by the Board of Twstees aTrJ authorised for issue on 261h November 2024 and wwe ils beh*f by. A J Smethwst- Trustee The notes form part of ltrwe fmancial statements Page 12
Middle Child Theatre Limited Cash Flow Statement for the year ended 31st March 2024 2024 2023 Noles Cash Ilows from operating activiti•5 Cash generated freAn oper8tK)ns Tax credits received {153,874) 147.707 3,371 7.962 Net cash (used inypfovid&J by opwating acbvities Cash Ilows from investing acti¥iti•s Purchase of tangible red assets Inte$1 weived (12,906) 91 {5.0401 Nel cash used in Thiesling actiwties 12.815 Change in cash and cash equivalents in thè reporting period Cash and cash equivalents at th¢ .beginn5ng of tho rèporting pwi< (18,982) 6.293 177.579 171.286 Cash and cash equivalerts at the end of tho roportin9 poriod 158.597 177.579 The notes form part ol these financial slatemenls Page 13
Middle Child Theatre Limited Notes to the Cash Flow Statement lor the yoar ended 31st March 2024 RECONCILIAMON OF IEXPENDITUREYINCOME TO CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 N•t lexpenditureVincom• for th• r•portlng pwlod (as per the ststement ol Financial A¢tiviti¢sl Adjustments for: Depreciation charges Interest received Theatre Tax Relief Income In¢rease in debl¢ys IDecreaseyincrea5e in credito (30.742) 94.680 10.548 191) 189,487) {38,9501 5,152 196,706) {3,238) 2,797 Net ¢h (used invprovided by ¢)perntions 1S3 8741 ANALYSIS OF CHAEs IN NET FUNOS At 1.4.23 Cash flow At 31.3.24 Not cash Cash at bank 177.579 18,982 158.597 Total 177.579 18.982 The rths ftym part of ltr finawal statements Page 14
Middle Child Theatre Limited Notes to the Financial Statements for the year ended 31st March 2024 ACCOUNTING 14)LICIES BaS of preyrkng the finan¢i•l st•tsments The financial statements ol the Charitab company. wthith is a public benefit enlity under FRS 102, have been prepared in accordance wth the Charities SORP IFRS 102)'Acc4wnting aTrJ Reporting by Ch8ri1ies'. Slalemenl of Recommer¥1ed Practi applble to charilies preganng their accounts in accordance wilh the Financial Rewrtin9 Standard applIe in the UK and Repu1¢ ol Ireland IFRS 1021"leffective 1 January 2019),. Financial Rewting Standard 102 The FInarla1 Reportbro Slandard applicable in the UK and RepU1C of IrelarKI' and ihe Companies Act 2006. The finanaal statements have beej) prepaie¢J under histcital (tst Cfjnventh. Inc¢me All incomiThJ resources a IUle(l in Statan1 of Fin8noal Acb"vities ISoFA} vthen the charity is ally entiued lo Ihe income after any performance condiknons have been met. arnounl can be measured reliably aTrJ it is probable that Ihe irorne wll be recesved. For donalions lo be re¢cgnised the Charity will have been f)ob"fd of amounts aThJ the settlement date in writing. Ef there are cOnditS altached to the donation and thi5 requires a level of performance before entitlement can be obtained then income is deferred until those condit5 are fully mel or the fulfilmenl of those uJThJ1lnS is wtlhin the ctrOl of tr ¢arity antj il is probable that they will be fulfilled. Income from government and other grants are rewgnised al fair Trrdlue when the charity has entrtlement after any perfixmance (X1tn5 have been met. rt is Pfobable that the income will be received and the amount can be measured reliably. If entiilement is not met then ihese amounts are deferred. e of the contraet e£nnot be estimated Teliabty. Expenditurn Ltabilits'es are recJ3gnised as expenditure as soon as there is a leg81 or constructive obligab.on (xynmilling the charity lo that expenditure. il is probable that a transfer of ecwornic benefits will be required in selY8menl and the amwnl of Ihe obligatson can b8 measured reliably. Expenditure is accounted" for on an accruals ba&s and has been dassrfied uThJer headiros that aggregate all cost related lo the Category. Where eosts canrLJt be direetyattribuied io parb'ujlar headings they have been albcaled to 8clivrtEs on a basis n$tent the use of ourCeS. Tangible fix•d ass•ts Depreciation is provided at folbry annual rates in to write off each asset over its estwnated useful life. Plant and Mhinery . 33% cost Taxation The charity is exempl from pawrKJ ctsp0ra1i tax on its charitsble activities. Fund aOUntIng un$t[leted lunds can be US in acccrfdance with the dritable objectives al the ¢Jixreb"on of the trustees. Restricted funds can only be usèj for partKJJlar restricted purposes wthin the obiects of the charity. Re51ricb'ons arise when 5peafied by Ihe donor or kn funds are raised fc particu18r reslricled purp¢)ses. Further ewanalion ol the nature a1 PLwpose of each fund is indLKled the notes to Ihe finarla1 statement& Pension costs and other post-retirement benefits The th8rilable company operale5 a defined contribution pensKffi scheff. ContribUlK$ payable to the charitable Gompany's penson scheme are charged lo Ihe Statement of Financ4al Activities in the peritrj lo whth they rekte. Page 15 conlirvjed..
Middle Child Theatre Limited Notes to the Financial Statements - continued for the yoar ended 31st March 2024 DONATIONS AND LEGACIES 2024 2023 t)onalits 5.810 4,941 INVESTMENT INCOME 2024 2023 Interesl reIdble - tr8dirKJ CHARITABLE ACTIVITIES 2024 2023 Aclrvity Theatrical prtyJLKb"( Theatrical prr>JLKtis 8ox olf1 incc¥ne Theatre Tax Relief Theatre Tax Relief- prior years Other 1me Grants 154.907 104.487 70,473 96,7C6 Theatrical pr(xluGb"ons Theatrical projuctions Theatrical prc4Juctions 115.000) 9.310 256.240 14,559 3,141 308,660 509.944 Grants reNe. Iule in atove. are as fdlcms.. 2024 2023 Arts Council- NPO award Hun City Council Garfiekl and Weston Foundati¢ Oepartment for Work and Pens - Kick5tart Outdoor Arts Consortium - Without Walls The Foyle Foundation The Sir James Rethitt Chaflty Absolutely Cultured Other production lated gfanis The J F 8n"gnall Charitable Trusl The Hull and East Riding Charitable Trust 152.760 30,000 15.000 152,760 30.000 15,000 13,990 27.620 20,000 10,000 7.980 31.310 3.IXIO 256.240 Page 16 linued...
Middle Child Theatre Limited Notes to the Financial Statements - continued for the year ended 31st March 2024 CHARITA8LE ACTNMES COSTS Oire¢t SupKKYt Costs (see costs (see te61 note 71 Totals Theatrical prUCtionS 432.679 113.908 Y6.587 DIRECT COSTS OF CHARITABLE ACTivmES 2024 2023 SLiff cosls ProductKJn costs Development $ts 151,657 266.578 3,249 144,530 140.325 432,679 299,868 SUPPORT COSTS Iministratm Marketing costs Totals Tralrical products'ons 18.084 Support Costs. indLKled in the al. are as f1S.. 2024 Theatrical prcluctions 2023 Total aclivilies Rent ght. heat and dearn9 Travel and subsistence Sl8ff development Health and 5alety Sun¢Jries Repairs and renewals Freelance wages SubscTipb'ons Telephone Printing. pxistage & stslionery Depreciatw of tangible fixed assets Marketing and a(fvertisrvJ InsUrae Accrxjnlancy Legal and profesgonal fees 23.760 10,753 9.592 5,114 2.852 3.610 41 15.073 5.481 1,140 112 10.548 18.084 3.055 4,500 193 25.062 4.815 2.511 6,910 532 3.965 2.186 23.053 5,871 997 424 5.838 13.273 2.592 3.653 103 932 Page 17 continued...
Middle Child Theatre Limited Notes to the Financial Statements - continued for the year ended 31st March 2024 NET INCOMEIIEXPENDITURE) Net YKomellexpenditwe) is slated after ¢$WgirIcredIlry1: 2024 2023 Depreciation- owned assels Independent examiner's remuneralion 10,548 4,500 5.838 3.653 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remurwation cff other berts for the year ended 315t March 2024 nor for the year ended 31$1 March 2023. Trustees. expens•s There were trustee. expenses pad (rf £328 for ts year ended 31st March 2024 {2023 .. £6241. 10. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 134954 12.543 3.160 133.844 7.577 3,109 144.530 average monthty number of employees during the Year was as fdlcws". 2024 2023 Staff numbers No employees reeeived emoluments in eXsS d £60.CKKI 11. COMPARAMVES FOR THE STATEMENT OF FINANCIAL AcnviTIES All income rttved and expwxlitwe wKurred in the ¢ompaiative year relat&1 to the general within unreslricled reserves. Page 18 continued...
Middle Child Theatre Limited Notes to the Financial Statements - continued for the year ended 31st March 2024 12. TANGIBLE FIXEO ASSETS Plant and machinery COST Al 1 sl April 2023 Additi"ons 27,765 At 31st March 2024 40.691 DEPRECIATION Al 1 sl April 2023 Charge for year 16.026 10.548 At 31st March 2024 26.574 NET BOOK VALUE Al 31st March 2024 Al 3151 March 2023 13. DE8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Theat tax relief debtor Prepayments and a¢mEd ino)me 200 400 89,487 49,390 147.707 10.010 139.477 158,747 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Tr8de cjeditors Accruals and deferreil inc(e 14.074 42.889 62.115 56,963 62.115 15. LEASING AGREEMENTS Minimum lease payments urxler nOnncelIable cwating kases fall due as follcws: 2024 2023 Within year 23,760 23.760 Page 19 rthb"nue(l...
Middle Child Theatre Limited Notes to the Financial Statements - continued for th• y•ar •ndad 31st IAarch 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total lunds 2023 Total funds UnrestriCj fuThJ Designated Fixed assets Current assets Currenl liabilities 14,117 1S8.858 56.963) 14.117 298.074 11.759 336.326 139.216 116.012 139.216 255,228 285.970 17. MOVEMENT IN FUNDS Nel Transfers nkniemenl between in fvnd$ fuTrJs Al 31.3.24 At 1.4.23 Unrestrided fund$ General fund Desgnated - naMISM (urKI Designated - Wind down lund Designated - Employment furKI 151.012 74.958 (30.742) [4.258) (30,742} 35.000 116,012 44,216 85,000 10.000 30.742 255,228 TOTAL FUNDS 285.9ni 30.742) 255.228 Net movement n fvnds, included in the above a as fc41trAfs: Incoming Resources resources expended Movement in funds Unrestricted fvnds General fund 515.845 1546,5871 130.7421 TOTAL FUNDS 515,845 546.58TI 30.7421 C¢)mparatives for moven*nt in lunds Nel movement in tunds Transfers ben fvnds At 31.3.23 At 1.4.22 Unrestricted lunds General fund Designated - Oynamisn fund Degnated - Wind dn fuThJ De&gnaled - Ernoymen[ fund {4.OlXII 151.012 74.958 50.000 10,000 74.958 46,0 10,0 4.000 191.2 285 970 TOTAL FUNDS 191.290 94.6KI 285,970 Page 20 continued...
Middle Child Theatre Limited Notes to the Financial Statements - continued for th• year •nded 31st Mar¢h 2024 17. MOVEMENT IN FUNOS- contued Comparative net m0venl in fLmds. Indjed in the atThe are as follNs'. Incoming Resources expen¢Jed Movement in lunds Unrestricl•d funds General fund 498.4 1403.81XII 94.680 TOTAL FUNOS 498.480 403.8001 94.680 Details of designaled funds £44,216 12023 £74,958) of unrestricted funds has LEen designaled to a Dynasim Fund to enable meaningful investment in new prcJuclions lo achieve ¥tisti¢ eXllen on a se-by-case basis. £85,joI?023 £50,000) has be desKJnated lo a dMI Reserves Fund lo covw core operaling costs of the tharity. £10,00012023 £10,or))I has been de&gnaled to an Empwnrt Fd lo enab the charity lo wioriti8e Fwple and ensufe il can be resrthsive to providiry enhanced ernOyee benefits as ttw ocwr. 18. RELATED PARTY OISCLOSURES There were no rdaled party transactions lor the ye* erKled 31st Marth 2024. Page21