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2023-03-31-accounts

Registered Charity Number 1194298

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION)

REPORT AND ACCOUNTS For the year ending 31 March 2023

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

As the Board of Trustees, we present our report and financial statements for the year to 31 March 2023.

Registered Charity Number

1194298

Registered Office The Pound Arts Centre, Pound Pill, Corsham SN13 9HX

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents

Folio Theatre was established as a Charitable Incorporated Organisation (CIO) on 30 April 2021. As a CIO, it is governed by its constitution.

Charitable Purpose

Folio Theatre’s charitable objects are the promotion of the art of drama and its understanding and appreciation for the public benefit in particular but not exclusively by the delivery of theatre productions and workshops.

Structure and Governance

The charity currently has a board of four non-executive Trustees.

Board of Trustees

The Trustees of Folio Theatre during the year and to the date of signing this report were as follows:

Charlotte Geeves Nikolas Partridge Nilesh Patel Appointed 13 December 2022 Jennifer Wagner Appointed 8 June 2022

Independent Examiner Mr P O’Hara FCA, 4 Stoneyhurst Road West, Gosforth, Newcastle Upon Tyne NE3 1PG

STRUCTURE, GOVERNANCE AND MANAGEMENT

Board Meetings

The Board meets a minimum of four times per year face to face or via videoconference.

The agenda and written Board reports are prepared by Officers of the Board, as appropriate, and circulated in advance of each meeting. The Trustees exercise their duties and responsibilities with appropriate care and diligence.

1

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)

Recruitment and Appointment of Board of Trustees

New Trustees are appointed by the existing Trustees. In selecting individuals for appointment, the Trustees aim to ensure that the Board has the skills, knowledge and experience needed for the effective administration of the charity.

Trustees are appointed for a term of three years and may not serve for more than three consecutive terms without standing down for an interval of at least one year.

Trustee Induction and Training

New Trustees are inducted by the Chair of the Board and are provided with a range of resources to support their understanding of Folio Theatre’s activities.

Management

Day-to-day operation of the charity is delegated to the Artistic Director and Executive Producer within the constraints of the annual budget set by the Trustees.

Reserves Policy

The Trustees have reviewed the charity's need for reserves in line with the guidance issued by the Charity Commission.

The Trustees aim to hold a level of Unrestricted Reserves that provides sufficient financial resources to meet the liabilities which would crystalise if Folio Theatre were unable to continue operating. Their current estimate of the amount required for this purpose is approximately £10,800 and is reflective of 3 months running costs.

They also aim to retain a further £2,000 of Unrestricted Reserves, to enable the charity to respond flexibly to any issues, one-off financial requirements or appropriate initiatives that might be identified outside of its annual budgeting process.

The targeted level of reserves to be retained for the above purposes is therefore considered to be a minimum of £12,800.

The charity’s total Unrestricted Reserves shown in the Balance Sheet as at 31 March 2023 are £7,865. Of these reserves, £Nil were represented by Fixed Assets, leaving £7,865 available as Unrestricted Free Reserves.

The Trustees aim, through their budgeting processes, to reach the optimum level of Reserves within three years.

Grant Making Policy

The charity does not currently engage in grant-making activity.

The Contribution of Volunteers

The charity does not currently make use of volunteers.

2

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

OBJECTIVES AND ACTIVITIES

Aims & Objectives

Folio is a Wiltshire based, female-led, new writing theatre company, founded in 2014. Our mission is to increase access to and engagement with excellent new plays that reflect and serve the diverse communities that make up the county, inspiring artists and audiences to re-connect to arts and culture in the place they call home. As a deeply rooted place-based organisation we serve a unique and vital function in identifying and connecting with the ‘cold spots’ in theatrical provision (particularly for new writing) across this vast but poorly served county (most of the venue-based organisations sit and serve only along the North-South West side of the county). When we refer to Wiltshire, we include Swindon within this.

Public Benefit

The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which requires all charities to be able to demonstrate that they are established for public benefit and have had due regard to the public benefit guidance issued by the Charity Commission.

The Trustees believe that the charity meets both of the key principles, via delivery of the following programme:

In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity's activities.

3

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

OBJECTIVES AND ACTIVITIES (CONTINUED)

Risk Management

The Trustees of the charity regularly review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks.

Folio Theatre has a risk management strategy in place that comprises:

The Trustees are satisfied that appropriate financial systems and controls are in place, together with appropriate employment policies and practices. The staff handbook, financial policies document, and health and safety handbook are reviewed annually, and staff training happens via additional assessments.

The Trustees consider the key risk currently facing the charity and the association mitigation to be:

The Trustees manage the general financial risks by ensuring that:

4

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE

Summary of the Charity’s Main Achievements During the Year

Over the course of the last year we:

Our programme of work included:

REEL LIFE

Our digital, South West tour of Alys Metcalf’s play, first produced by Folio in 2016, came to a close in April and, utilising support from the Jack Lane Foundation, we ran workshops for young people in Corsham, Wiltshire, in partnership with Pound Arts. We engaged 42 young people (aged between 6-13) and explored the creative differences between film and theatre.

Funding from the Jack Lane Foundation also ensured that we could produce versions of Reel Life with BSL, audio description and captions. 15% of our audience engaged with the production through one of these accessible versions.

BRISTOL OLD VIC THEATRE SCHOOL

We were commissioned by the Directing department of Bristol Old Vic Theatre School, to design and deliver workshops on Fundraising and Producing, for their 8 MA Directing students.

In June 2022 we delivered our sessions and evaluation revealed:

We captured student feedback such as: “ I learnt LOTS - debunking myths about arts council and translating its jargon, super, super useful ” and, following the workshop sessions, received the following message from a student: “ Just writing to share the good news that I got my ace funding application ! I can't thank you enough for all the time you've kindly spent with/for me and all the advice you've given me. You've given me so much confidence and knowledge through our workshops and conversations and this funding as a direct result will be so helpful in getting my career started !”

We are delighted to have been invited back to deliver the same programme in 2023.

5

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the Charity’s Main Achievements During the Year (Cont.)

NANNY - R&D

In September 2022 we began an R&D for our next production ‘Nanny’, a comedy musical cowritten by Jenny Rainsford, Alana Ramsey and Lizzie Stables, with music and lyrics from Matthew Floyd Jones. In addition to this core team we brought in further, highly exciting creatives, predominantly from the South West, to develop the show ahead of a script in hand sharing at Swindon Arts Centre.

This project was generously funded by Arts Council England, supporting the development of the first draft of the script and music. Over 2 weeks our creative team tested new ideas and worked collaboratively to mark out an overall shape for the show. Integrated into this process was time with Access Consultants, exploring numerous ways of creatively integrating access into the production. We also engaged with a consultant Production Manager on implementing environmentally friendly ways of working and to identify a sustainable model for building the show.

Running alongside this was a participation programme, engaging with local community voices on the themes of the piece and exploring how to make our work more accessible to those facing barriers to cultural engagement. Our key partners for this part of the project were The Harbour Project, Swindon - supporting us to engage with over 30 female refugees and asylum seekers - and Pound Arts Centre, who connected us with their Dancing Through Time group, made up of older people (65+). We were thrilled to have some of these groups in our audience for our script in hand sharing at partner venue Swindon Arts Centre.

Feedback included:

“Filled with music and joy and it really made me belly laugh. I loved it” “A really wonderful, accessible story that will appeal to a lot of people” “There’s a beautiful Victoria Wood-esque simplicity to it”

Following the R&D we began to share our filmed recording with prospective tour venues and our plans for 23-24 are outlined in ‘Plans for the future’..

HARBOUR PROJECT - PILOT

With support from the People’s Postcode Trust we led a consultation with the Harbour Project, a Swindon based charity which serves 550+ asylum seekers and refugees from 47 countries.

The Harbour Project saw first-hand how the pandemic affected every aspect of people’s lives, how it exacerbated mental health issues, and feelings of abandonment, loneliness and isolation. Almost all the social side of life at Harbour was paused and in-person attendance onsite dropped by 87%. To help rebuild a sense of involvement and wellbeing, a need for community reengagement was identified, with a creative and participative approach at its heart.

Working with their women’s group, we joined their weekly sessions to run our creative workshops, gathering feedback and input from the participants and staff, helping us to design a larger, more in-depth creative programme for 23-24.

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FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the Charity’s Main Achievements During the Year (Cont.)

In total we ran 3 workshops across the year, engaging 48 women, and invited participants to attend our R&D of ‘Nanny’.

Feedback from our creative workshops included:

“I would like to know more”

“That was a new experience for me!”

“That was wonderful”

“I feel calm and connected”

“I feel free and more like myself”

“I liked being connected as a group. Other activities, yoga, sewing, are personal. You don’t always remember each other’s names”

Mia O’Sullivan, our partner lead at the Harbour Project, offered us the following testimonial: “ The Folio workshops were a completely new experience for the women. It was fantastic to see them developing their confidence to perform. There was so much laughter in the room and the women appeared more relaxed after the sessions. This is important given the stresses that being in the asylum system can give ”

For the women who attended the R&D sharing of ‘Nanny’ at Swindon Arts Centre we captured the following responses:

"my first time coming and it's very interesting" "Music. It was very nice." "Very good performance"

ENFIELD YOUNG ADULT CARERS

With support from the Chapman Charitable Trust we ran creative workshops with 14 young adult carers in partnership with Enfield Carers. These workshops utilised a combination of creative games and exercises to support participants to play and explore creative expression, together. Our participants ranged in age, from 8-14 years old, and represented the diverse populations in the borough. Taking on a caring responsibility at such a young age places considerable strain on these remarkable individuals, at such a pivotal point in their life. We were eager, through our work, to offer both respite and skills development in an accessible and enjoyable format.

Our evaluation revealed:

“I want to be an actor now when I grow up” “I think they should do more workshops because they are brilliant” “Everyone was very kind and caring”

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FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the Charity’s Main Achievements During the Year (Cont.)

The Young Carer’s Project Manager provided us with the following testimonial: “ These sessions exceeded all my hopes. I hoped that it would be a chance for our Young Carers to feel less isolated and alone, and give them the chance to have a break from their caring role, which it did, but they got so much more out of it! The main benefit was that it gave them the chance to think about their futures and broaden their horizons. They were encouraged to share their ideas, and their contributions were valued and engaged with. The staff were enthusiastic throughout, and both our staff and our Young Carers can’t wait for the next workshop !”

Financial Review

The outturn for the year is an unrestricted surplus of £7,465 (2022: surplus £400).

The surplus will be added to Unrestricted Funds, which at 31 March 2023 now stand at £7,865.

PLANS FOR THE FUTURE

HARBOUR PROJECT

In the next year we will deliver our full workshop programme with the Harbour Project, running monthly creative workshops with their women’s group of refugee and asylum seekers. We will commission South West based poet and activist, Louisa Adjoa Parker, to write a poem informed and inspired by the group, that we will have professionally performed and filmed, to be shared back with the group at the end of the programme, along with distribution to our key stakeholders.

NANNY

Following our highly successful development period and script-in-hand sharing, we are in the process of booking a South West tour for early 2024. Key to this will be exploring ways in which we can design a production and touring process that is inclusive to parents, as both artists and audiences. We will continue work with Access Consultants to help us achieve this. This will be accompanied by significant audience development work as Folio prepares to tour live work for the first time since the Covid-19 pandemic.

BRISTOL OLD VIC THEATRE SCHOOL

We will also finish delivery of our workshop programme on Fundraising with the MA Directing students, reviewing and offering feedback on draft funding applications.

8

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) YEAR ENDED 31 MARCH 2023 TRUSTEES’ REPORT

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for managing the business of the charity and may exercise all the powers of the charity unless restricted by the Charities Act or the constitution of the charity.

The Trustees are responsible for the preparation of financial statements for each financial year which show a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparation of the financial statements the Trustees should follow best practice and:

  1. Select suitable accounting policies and apply them.

  2. Make judgements and estimates that are reasonable and prudent.

  3. Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue on that basis.

The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity.

The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

DECLARATIONS

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005 by the Charities Commission England and Wales).

This report was approved by the Board of Trustees on 23 June 2023 and signed on its behalf by:

Charlotte Geeves Trustee

9

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF FOLIO THEATRE CIO FOR THE YEAR ENDED 31 MARCH 2023

I hereby report to the Trustees/Members of Folio Theatre CIO (Charity Registration Number 1194298) on the accounts for the year ended 31 March 2023 set out on pages 11 to 18.

Responsibilities and Basis of Report

As the charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Having satisfied myself that the accounts of the charity are not required to be audited under charity law 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

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

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 130 of the 2011 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods or 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 (FRS102)).

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.

Pete O’Hara, FCA, Chartered Accountant

Fellow of the Institute of Chartered Accountants in England & Wales

4 Stoneyhurst Road West, Gosforth, Newcastle upon Tyne NE3 1PG

23 June 2023

FOLIO THEATRE CIO

(A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES YEAR TO 31 MARCH 2023

Note
Income
Income from Investments
2
Income from Charitable Activities
3
Income from Grants, Donations &
Legacies
4
Total Income
Expenditure
Expenditure on Charitable Activities
5
Total Expenditure
Net Income/(Expenditure)
6
Balance brought forward
Balance carried forward at 31
March
9		 Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
£
£
£
£
-
-
-
-
1,832
-
1,832
-
6,015
78,510
84,525
19,125
7,847
78,510
86,357
19,125
382
50,925
51,307
600
382
50,925
51,307
600
7,465
27,585
35,050
18,525
400
18,125
18,525
-
£7,865
£45,710
£53,575
£18,525

The notes on pages 13 to 18 form part of the financial statements

There are no recognised gains and losses during the year other than as shown above.

All the activities for the year are continuing activities.

11

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL POSITION/BALANCE SHEET At 31 MARCH 2023

Notes
Fixed Assets
Tangible Fixed Assets
Current Assets
Debtors
Cash at Bank and In Hand
Creditors:
Amounts Falling Due Within 1 Year
Net Current Assets
Total Net Assets
Represented By:
Unrestricted Funds
Restricted Funds
The notes on pages 13 to 18 form part of the financial statements		 2023
£
-
3,000
53,816
56,816
(3,241)
53,575
£53,575
7,865
45,710
£53,575		 2022
£

-

-

19,125

19,125

(600)

18,525
£18,525

400

18,125
£18,525

The financial statements were approved by the Board, and authorized for issue, on 23 June 2023 and signed on its behalf by:

Charlotte Geeves Trustee

12

FOLIO THEATRE CIO

(A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2023

1. Accounting Policies

Charity Information

Folio Theatre CIO is a Charitable Incorporated Organisation. The registered office is The Pound Arts Centre, Pound Pill, Corsham SN13 9HX

The charity is a public benefit entity.

Basis of Accounting

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Statement of Recommended Practice (Charities SORP FRS 102) "Accounting and Reporting by Charities" and the Charities Act 2011.

The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments at fair value.

Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows.

The financial statements are prepared in sterling, which is the functional currency of the charity.

Income

All income, including grant income, is included in the Statement of Financial Activities (SOFA), net of VAT, when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Such income is only deferred when the donor or funder has specified that the grant or donation can only be used in future accounting years or where the donor or funder has imposed conditions which must be met before the charity has unconditional entitlement.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Income from Investments

Interest receivable on fixed interest securities and bank deposits is included on an accruals basis.

Expenditure

All expenditure is accounted for on an accruals basis and is recognised when a liability is incurred.

13

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2023

1. Accounting Policies (Cont.)

Expenditure (Cont.)

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Operating Leases

The charity classifies the lease of certain printing equipment as operating leases as the title to the equipment remains with the lessor. Rental charges are charged against income on a straight-line basis over the year of the lease.

Tangible Fixed Assets and Depreciation

Depreciation is provided on the fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:

Office & ICT Equipment

– over 3 years

A full year’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.

Impairment of Fixed Assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and Cash Equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Fund Accounting

The charity has a number of restricted income funds to account for situations in which a funder requires that a grant must be spent on a particular purpose or where funds have been raised for a specific purpose. The aim and use of each restricted fund is set out in Note 9 to the financial statements.

All other funds are considered Unrestricted Funds and are available for use at the discretion of the Trustees in furtherance of the general objects of the charity.

14

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2023

1. Accounting Policies (Cont.)

Taxation

Folio Theatre is a registered charity and, as such, is not liable to taxation on its income in the current year.

Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the date of the transaction. Exchange differences are taken into account in arriving at the surplus/deficit.

Financial Instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’ of FRS102 to all its financial instruments.

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. Income from Investments

Interest on cash deposits
3.
Income from Charitable Activities
Fees, Ticket & Event Sales		 Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
-
-
-
-
£-
£-
£-
£-
Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
1,832
-
1,832
-
£1,832
£-
£1,832
£-

15

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2023

4. Income from Grants, Donations & Legacies

Grant Income
Arts Council England – Nanny
R&D
Arts Council England - Harbour
Project Workshop
Chapman Charitable Trust
Foyle Foundation
Jack Lane Charitable Trust
National Lottery Community Fund
People's Postcode Trust
Wiltshire Community Foundation
Donations		 Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
-
32,800
32,800
-
-
30,000
30,000
-
-
-
-
1,000
5,000
-
5,000
-
-
750
750
1,250
-
9,960
9,960
-
-
-
-
16,875
-
5,000
5,000
-
5,000
78,510
83,510
19,125
1,015
-
1,015
-
£6,015
£78,510
£84,525
£19,125

The 2022 total of £19,125 comprised £1,000 Unrestricted Funds and £18,125 Restricted Funds.

5. Expenditure on Charitable Activities

Direct Costs
Project/Production Costs
Support Costs
Insurance
Consultancy
Web Development
Other Office Costs
Governance Costs
Accountancy & Payroll Fees
Trustee Travel & Meeting Costs		 Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
-
48,652
48,652
-
-
348
348
-
-
600
600
-
-
438
438
-
382
287
669
-
-
600
600
600
-
-
-
-
£382
£50,925
£51,307
£600

The 2022 total of £600 comprised solely Unrestricted Funds.

16

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2023

6. Net Income/(Expenditure)

Net income/(expenditure) is stated after charging/(crediting):
Independent Examiner’s Fees
7.
Staff Costs
No staff were employed in the year (2022: None).		 2023
2022
£
£
600
600

No remuneration was paid to or waived by Trustees/Directors in the year (2022: Nil).

No sums were reimbursed to Trustees in respect of out-of-pocket expenses incurred in
carrying out their duties (2022: Nil).
8.
Debtors
2023
2022
£
£
Accrued Grant Income
3,000
-
£3,000
£-
9.
Creditors - Amounts Falling Due Within One Year
2023
2022
£
£
Trade Creditors
2,641
-
Accruals
600
600
£3,241
£600
10.
Analysis of Net Assets between Funds
Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
Debtors
-
3,000
3,000
-
Cash at Bank and In Hand
7,865
45,951
53,816
19,125
Creditors – Due Within 1 Year
-
(3,241)
(3,241)
(600)
£7,865
£45,710
£53,575
£18,525		 No sums were reimbursed to Trustees in respect of out-of-pocket expenses incurred in
carrying out their duties (2022: Nil).
8.
Debtors
2023
2022
£
£
Accrued Grant Income
3,000
-
£3,000
£-
9.
Creditors - Amounts Falling Due Within One Year
2023
2022
£
£
Trade Creditors
2,641
-
Accruals
600
600
£3,241
£600
10.
Analysis of Net Assets between Funds
Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
Debtors
-
3,000
3,000
-
Cash at Bank and In Hand
7,865
45,951
53,816
19,125
Creditors – Due Within 1 Year
-
(3,241)
(3,241)
(600)
£7,865
£45,710
£53,575
£18,525		 No sums were reimbursed to Trustees in respect of out-of-pocket expenses incurred in
carrying out their duties (2022: Nil).
8.
Debtors
2023
2022
£
£
Accrued Grant Income
3,000
-
£3,000
£-
9.
Creditors - Amounts Falling Due Within One Year
2023
2022
£
£
Trade Creditors
2,641
-
Accruals
600
600
£3,241
£600
10.
Analysis of Net Assets between Funds
Unrestricted
Funds
Restricted
Funds
2023
2022
£
£
£
£
Debtors
-
3,000
3,000
-
Cash at Bank and In Hand
7,865
45,951
53,816
19,125
Creditors – Due Within 1 Year
-
(3,241)
(3,241)
(600)
£7,865
£45,710
£53,575
£18,525
£3,000
£-
2023
2022
£
£
2,641
-
600
600
£3,241
£600
2023
2022
£
£
3,000
-
53,816
19,125
(3,241)
(600)
£7,865
£45,710		 £53,575
£18,525

17

FOLIO THEATRE CIO (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE ACCOUNTS At 31 MARCH 2023

11. Analysis of Charitable Funds

Movement on Unrestricted Funds
Unrestricted General Fund
Movement on Restricted Funds
Arts Council England - Harbour Project
Workshop
Arts Council England – Nanny R&D
Jack Lane Charitable Trust
National Lottery Community Fund
People's Postcode Trust
Wiltshire Community Foundation
Total Restricted Funds
Total Funds		 Fund at 1
April
2022
£
Income
for Year
£
Resources
Expended
for Year
£
Fund at
31 March
2023
£
400
7,847
(382)
7,865
-
30,000
-
30,000
-
32,800
(32,800)
-
1,250
750
(1,250)
750
-
9,960
-
9,960
16,875
-
(16,875)
-
-
5,000
-
5,000
18,125
78,510
(50,925)
45,710
£18,525
£86,357
£(51,307)
£53,575

Name of Restricted Fund Description, Nature & Purpose of the Restricted Fund

Arts Council England - Towards the cost of the Harbour Project workshop Harbour Project Workshop programme Arts Council England – Nanny Towards the cost of research and development of Nanny R&D

Jack Lane Charitable Trust Towards the cost of Reel Life production costs and the cost of a film of the Reel Life live show as well as towards the cost of the Harbour Project workshop programme National Lottery Community Towards the cost of the Harbour Project workshop Fund programme People's Postcode Trust Towards the cost of the Creative Skills in Wiltshire programme Wiltshire Community Towards the cost of the Harbour Project workshop Foundation programme

12. Related Party Transactions

Details of transactions with Trustees are disclosed in Note 9.

There were no other transactions in the year with related parties, such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (Effective April 2008).

13. Financial Commitments

No material financial commitments have been made in respect of future financial years.

18