DoCugn Envdope ID". A43F3718.8FD24?48-968t8FyBF4DF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS For the pgriod endbd 31 March 2024 Company no: 09847217 Chartty no: 1204739
Docusign Envetr)pe ID.. A43F371&BFD24248.988D4F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS for the period ended 31 March 2024 Contents Page Reference and AdminislratNfe Details Report of the Trustees 2-12 Independent Examiner's ReFKJrt 13 Statement of Financial Activities 14 lance Sheet 15 Notes to the Financial Statements 16-21
ryJcusign Enwlope ID.. A43F37188FD24248.988D-8F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS fortho period endad 31 March 2024 REFERENCEAND ADMINISTRATIVE DETAILS Chair i Foundlng Trustee Naqiya Ebrahim Founding Trustees Ann-marie Merrick (appointed 15 September 2023} Robert Jackson-Rilchie Andrew Shimmin Trustees Katherine Igo&Ewer lappoinled 201h February 2024} H81en Savage Louise Esme Holmes Tho Hèrd's Core Staff Ruby Thompson ICo-Artislic Director) Samuel Casetey ICo-Artislic Director) Chiislie Parkin (Adminislratorl The Herd's A88ociate Artist Tgam Finlay McGuigan Rula Irbile Lua Bairslow Ysabelle Wombw811 {appoinled October 20231 Regi$targd C)ffice 131 Ella Street Hull HU5 3AJ Bankers The C<FOp8ralive Bank Skelmersdal6 VVN8 6wr Investment Managers nla Independ•nt Examiner K C Fisher Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey KT6 7AL
Dow81on En¥ebpe ID.. A43F37184FD24248-988D-8F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the perfod ended 31 March 2024 The Trustees present The Herd The*re's firstAnnual Report and covers a shortened year end, to bring the charity in line with the UK tsx year. The accounts have been prepared in accordance with the accounting poliaes set out in note 1 to th8 accounts and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities prepaiing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" leffective 1 January 20191. Back round The Herd was founded as a company limited by gijaranlee in O¢tob&r 2015. Ruby Thompson and Sam Caseley were the company founders and are the current CodArtistic Directors of The Herd Theatre Charity. The Herd's critically acclaimed ear years theatre shows include Slime (UK Tour 2018-2022 including Southbank, The Albany, Northern Slagel, How lo Fly (Hull Truckl, The Last Dinosaur (Arc, The Civic), Ducklings {Hull Truck, Royal Exchange} and Snowmen (Cast, Half Moon, The Lowry). Our shows often use limited verbal language, integrated British Sign Language and are heavily influenced by cb)wn. Our work is always scored with original music and features inteTaclive design. As well as touring nationally lo celebrated venues - all our shows have played in community Centres, libraries and schools. We are passionate about rea¢hing children and families who ar& excluded fr( Ihealre, with a focu8 ori working class people and diSablA people. Our playwork - Creating spaces where families can creatively play together- has popped up in primary schools and shopping ntre$ in Hull, whilst also taking the fomi of a thr88 month long s811-out, Time- out recommended, instsllalion al the Soulhbank Centre in 2023. We are a crxnpany deeply invested in our home cty of Hull, with a growing, nationally significant artistic outpuL Since forming in 2015 our shows and projects have reached a live audience of over 78,000 people nalionalty. We've worked with over 2,QOO children as participants. We've also published 2 picture books, developed 2 annual immersive schools WOTkshop programmes. delivered famity workshops at The National Theatre, and developed an app to accompany One of our productions. The Herd became a charity on 15th September 2023, with our steering committee becoming trustees. This tr?nsilion has enabled us lo deepen our impact, and strengthen our focus on providing eXpIlOn8l arts experienc8s for children, with a focus on the Hull wion
Dctuw) Envthpe ID.. A43F371&BFD24248-9S8SF9BE4sADF98 THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the perlod gnded 31 Mah 2024 Charltabl Ob"ectives The Trustees have paid due regard to guidance issued by the Chartty Commission in deciding which activities the ¢harsty should undertake. Our charitable objectives are as follows., For the public benefit to promote the arts, in particular but not exclusively, A The art of drama., B. For children and young people aged under 18,. C. By the provision of creative workshops and public performances and other live evenl& Missl Irision and Guidin Princi Vision Our vision is for a socEty that respects children and the Importan of their play. By creating high quality theatre and arts eXperIenS for young audiences we show children that they are valued. We want this message to reach children wherever they are, whatever their contexL Mlsslon The Herd brings children, young people and families together in playful spaces to share exceptional experiences. We play alongside children lo ereale shows, installations and experiences that celebrate, inlerrogate and nurture the joy of Childhood. We believe in th8 Iransfomialional power of family arts and create experien$ that children and adults can share together. We recognise that some children and families face barriers to accessing the art8 and we proactively explore ways of removing these barrier8. Guiding principlos Play We play alongside children lo create ideas for all our work, play wrth artists to realise these ideas, and then unlock opportuniti&8 for our audiences to play Faml We create Mutually beneficial experiences for the whole family, as enjoyable for adults as children. We understand families come in all shapes and sizes, and use the word to dèscribe a child and their responsible grown upls. Joy We exist lo celebrate, interrogate and nurture the joy of Childhood. We create exceptional moments for our audienGe that sit outside of the everyday. R•l•vanc Vve ensure our work is relevant, exciting and truthful to children by collalx)raling with them in all stages of the m8king. Our shows anol experiences resonate with children living through the 2020s. We keep these children's futures in mind by using recycled and waste materials in our design in all of our projects. Equity We work hard to remove barriers Children and families have to accessing arts experiences, wrth a particular focus on barriers facing working ¢l?ss people and disabled people.
Do¢xtsion Envèbpe ID.. A43F37184FD24248-988D-8F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the pèriod 8nd•d 31 Mareh 2024 Achievements and èrfomiance Projects delivered during this period Whal• Song S¢hool$ Workshop Whale Song is a pielure book and supporting schools workshop programme, new for 2024. It explores Ihe story of Dolphin and Whale.. Everybody knows that Vvhale's Mum has died but nobody wants lo talk about it. H¢M will Dolphin 8UPPOrt her best friend Whale to speak the unspeakable and find his song? This in school, 1 houT workshop, takes place in an immersive undenNaler world set, wth original music. The workshops use art drama and slorylelling to explore difficult feelings in a dynamic, safe and enjoyable way. This p8¢kage includes pre-training for teachers and staff, and anolher for parents and carers ahead of the sessions. All children who look part in the workshop were left with a copy of the W)ale Song book. A llaboratIOn be@&n artists and child therapists, Whal8 Song is a project that uses th8 power of slorylelling, combined with the approaches of drama therapy, to provide children with a much-needed space lo explore the topic of grief. Through participation in this workshop, children and teachers have become better equipped to support their classmates if and when they lose somebody. Whale Song reached 813 Primary aged Children in Hull, trained 55 members of school staff and 85 parents and c8re¥s. Whalesong was funded by Arts Council England and the James Reckitt Trust through Hull LibFaTies. "This was I& noffting I havg seen before and I have not stopped spgaking positively about iti" Teacher Feedback
Dgn Enveknpe ID.. A43F3718.BFD24248-P88D4F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS for the perlod gnded 31 MarGh 2024 Snowmen Natlonal Tour Snowmen is a 55-minule studio show presented by The Herd Theatre, captivating children aged 2-7 and their families with a heart-warming story about fri8ndship, home, and hope. A highly physical performance style, minimal in verbal l?nguage, rooted in clown, full of sensory int&ractFon, and acTrssible lo g wde audience. Snowmen toured six venues acfOSS the North and London, performing 42 times lo a total audience of 3112. including a h0 week run at Cast in Doncaster. Snowmen was funded by Hull Cty Council. Arts Council England and through dea15 with presentstion venues. °My son s fi tnp lo the theatre- we both absolutely loved ILI ThBnkyou.' Audience Feedback
Docusydn Envdopa It).. A4sF3718-BFD24248.988eFg8E4BADF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS forthe period ended 31 March 2024 One Day Play One Day Play is a unique experience for primary schools in Hull and East Yorkshire. A chance for hildren to experience the professional theatre making process, in just one day. One Day Play platfoms children's imaginations, builds confiden, develops literacy skills. and raises career aspirations through opening up the theatre making process at a formative age, offering children the Chan to work in a professional theatre space wtih profèssional th8atrg makers. The Herd runs the One Day Play Programme annually to KS2 children in Hull. One Day Play annually reaches around 500 ¢hildren during the school year. In this period One Day Play was delivered lo 120 children from four Primary Schools in Hull, in partnership with Hull and East Yorkshire's Children's University Experiences Programme and supported by l AM FUND. "It W8s real fun. we had to make the declon5 by ourselves" Child Participant Feedback 2024 his is a really really g&t thing that [you] are doing and il was lov8ly lo see the children being up, being children and being Grealive without h8virRg to be told lo sit down arnl be quiet. Teacher Feedback 2024 'A Confgne9 boost. The 8xp0fr7encB of creating something together has l&ft them feeling more united and ils been a lovely IhNng al the end of theirprimary school joumey togethe Teacher Feedback 2024 'Trat w&s the funnest day ever and I would redo that 811 the time rfl could. Child Participant Feedback 2024
Docusign Envebpfy ID.. A43F371&BFD24248-988D4Fg8E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the period ènded 31 March 2024 Cambridgo Fostival Early Year8 Play Spa¢e The Herd delivered a programme of Playwork 8t Cambridge festival, designing and facilitaling an early years playspace made entirely from recycled, abslracl, kjose parts play objects. This is b8coming an annual piece of work for The Herd. Ov8r days of delivery this project reached 800 people. .1 wish Cambritlge had something like this all the time. The people of Hull are lucky.. Parent Feedback Comedy Workshop with Lu¢y Beaumont & Charty Launch Party To celebrate The Herd becoming a registered chartty we held 8 party for staff, supporters, stakeholders and collaboratots. In prepar*ion of this Paty The Herd invilad Hull born, celebrated eomedian Lucy Beaumont to deliver a comedy workshop for children al Endike Primary School, giving chil(fren the space and autonomy lo write and perfoTm their own jokes. We were extremely gr81eful to Lucy for her time whiGh she gave in kind for this pioject. The results of this workshop were shared on video at the Launch party. The contents of the Launch party were also designed by children al Endike Primary, including music cholS and menu design.
DoCu5n Enveknpe ID. A43F3718-BFD24248-988D4F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS for the period ended 31 March 2024 Partnerships The H8rd collaborates with numerous organisations lo deliver our work. The Iiustees encourage this collaboration and recognise the strength in sharing resources and neorkS to reach our audiences. This is especially important in our hometown of Hull. Core- Hull Libraries, Princes Quay Vvhale Song Schools Workshop Constellation Trust Snowmen National Tour- Hull Libraries One Day Play - Hull and East Yorkshire Children's University, The University of Hull, Hull Truck Theatre, l AM Fund Comedy Workshops- Endike Primary School, Lucy Beaumont Hull LibrarY&s, Hull Schools Library Service and The The Herd Theatre is proud to be an associate company of three established Hull Cultural Organisations Hull Libraries. Back to Ours and Freedom Festival. Wo would like lo thank Middle Child Theatre for their use of their rehearsal Spa for Board Meetings, Vvhale Song and our Away Day during this period. Developing our Environmèntally Sustainable Practlse In this period we took our learnings from creating REPLAY, a play space built onlirely from waste materials, into our first theatre production. SNOWMEN'S set, props and costume were made from 90Vo recycled or waste materials. This was achieved by reaching out to large theatre5, event companies and local industry for core materials such as wood. vinyl flcK)ring, tape, and malerlal. All props and costume pieces were bought second hand IhroLJgh charity shops, Ebay and shopping apps such as Vinled. This approach is only possible due to the commitment and hard work of the design and production team. The sourcing, collecting, and adapting of waste materials is far more labour intensive and lime consuming. than building new. For this project we were especially proud of the team for this achievement as this all happened within a month, 8S the production pariod was delayed duft lo &xternal producing factors. The Herd now has a growing neOrk for waste materials, and each project is becoming easier to use waste materials as our resource streams grow. Vve are committed to working with 900A recycled materials across all of our projects and work.
DOSAn Envelope ID.. A43F3718-BFD2424&988D4F98E46ADF93 THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the perlod ended 31 March 2024 structure Governance and Mana om Governing Document The Herd Theatre is a charitsble company limited by guarantee, governed by ils hrtemorandum and Articles of Association dated 29 October 2015 and amended by Special Resolution on 10 August 2023. 11 was incorporated on 29 October 2015 under company number 09847217. It was registered as a charity with the Charity Commission on 15 September 2023 under number 1204739. Ils members are Co-terminus with the Trustees, each of whom agree to contribute £10 in the event of th@ charity winding LSP. Appointment of Tru8t•e$ The minimum number of Trustee5 Is three but (unless otherwise delemiined by ordinary resolulionl shall not be subject to any maximum. They are appointed for terms of up to three years by thè board of trustees_ Names are submitted by the charity's trustees. Appointments run from the rise of the annual retirement meeting al which temis of mèmbership begin and end. Trustee inductlon and tralnlng The induction materials for Trustees include, in addition lo the Memorandum and Articles of Association, the committe8 and decision-making processes, and rnt financial performance of the charity, details of the history and purpose, priorities, and organisation of The Herd Theatre and an outline of the responsibility for trustees of any charity. Training in the basics of charty trusteeship is provided lo trustses when required. Oryanisation The Board of Trustees administers the charity. All decisions about loans about policy and operational matters are made by the full Board of Trustees which meets five times a year. Risk management Risk assessment is a continual process which we beaf in mind throughout the year, as well as reviewing the risks and controls annually. We are satisfied that the major risks to whieh the work of The Herd Theatre is exposed, in particular, those related to the operations and finances of the charity, have been identified and that systems are in place to milFale exposure to such risks. The Board of Trus18es have a risk management strategy which comprises.. an annual review of the risks the charity may fa,. and the estsblishment of systems and procedures to mitigate those risks identrfied in the plan,. and the implementation of procedures designed to minimise any potential effect upon the charty should those risks malerialise. We are aware of possib16 risks to our charitable funds at a time when the projects we help are still facing increasing diff1cullies in obtaining revenue and capital funds.
Docuslgn En¥ek)pe ID.. A48F371&BFD2424&988D4F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS for the period ended 31 March 2024 Flnancial Review We are grateful to our eurrenl funders. Arts Council England, Hull City Council, l AM Fund and The Backstage Trust who support our eonlinued development and activities, and who enable us to maintain a solid financial position during this period. Vve were delighted lo develop two new funding relationships in this period,. as we received a grant of £25,000 from the Posteode Neighbour Trust and a grant of £500 from the Sir James Re¢kitt Charity to support our core operations. We reiVed a grant of £30.900 from Arts Council England's Project Grants and a £5,000 Arts grant from Hull City Council 10 sUPPOrt the production and national tour of SNOWMEN. Oui annual project ONE DAY PLAY was able to continue thanks tts the support of a 3 year grant from I AM Fund of £10,000 a year, totalling £30,000. Alongside new grants reiVed in thts period we delivered projects and with grant funding awarded by Arts Council England Project Grants, of £66,632, and The Backstage Trust of £16,000. We earned income from the following., Our play installation REPLAY. at the Soulhbank Centre was extended for 4 weeks due to its success and popularty. This meant an addition81 £6.789.18 in box Offi split for the Charity. Vve earned £2.200 for the delivery of the Cambridge FèslNal Early Years Play Space. from the University of Cambridge. We earned fees of £17,530.11 from venue8 of our national tour of Snowmen. These were 811 guarantees, which meant that we didn't lake on the financial risk of lickel sales. When touring to locations outside of Hull, where we have an audienco base, this is our preferred deal, as we have limited audience rea¢h and rely heavily on the venue's marketing teams lo generate an audience. We earned a totsl of £3,240 from in¢ome from Schools, and The Universty of HLtII's Acces8 scheme for delivery of ONE DAY PLAY. Each day delivered earned on average £300, some schools were subsidised with more of our l AM Fund grant lo enable them lo afford it. £13,000 incCe from project partners. Hull Libraries and Schoo15 Library service for the creation and delNery of Whale Song. 10
DoCugn Envelope ID.. 1A3F371FD24248-968D4F98E48AOFvJ THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the period andod 31 March 2024 Reserves Pollc The Herd's Resèrves Policy aims to maintain a sufficient level of Operational Reserves to enable-. Normal operating acliwties lo continue over a period of up to 3 months should a shortfall in income O¢CUT, and to lake account of potential risks and contingencies that May arise. Should The Herd wind up, the reserves will cover costs of this pro$S, paying for staff lo execute the winding up. The Herd will begin lo maintain Opportunity Reserves to enable.. A quick response lo m8jor new programmatic or operational opportunities that requir8 a swift injection of funds, as they arise. The Herd's reserves a to be built from unrestricted funding, either from funders who award such funding or earned income or philanthropic funding. Currently The Herd has £20,000 of unrestricted funding at the bank, and from this point forward this amount will be assigned lo reserves. The Trustees, in conversation with The Herd's Staff team, have set The Herd's Operational Reserves Target al £33,500. To ensure our ReseNes are al a functioning level, The Herd will allocate all future unrestri¢tÈd income that is not required to support the ¢harity's core costs towards our Reserves, until the targel level of reserves is achieved.
rbcu5vJn Envek)pe ID.. A43F371&BFD2424&968D4F98E48ADF93 THE HERD THEATRE REPORT OF THE TRUSTEESAND FINANCIAL STATEMENTS for the perlod ended 31 March 2024 tement of Trustees, Res onsibilities Trustees are required to prepare financial slalements for each financial year, which give a true and fair ew of the slate of affairs of the charity and the incoming resources and application of resources, including the net income or expendf(ure, of th8 charity for the year. In preparing those financial statements tho Iruslees are required lo.. Select suitable accounting policies and then apply them consistently", Observe the methods and principles in the applicable Charities Statement of Recommended Pra¢li¢e,' Make judgements and eslimales that are reasonable and prudent- Stale whether appli¢ablè accounting standards and statements of recommended practice have been folSowed, subject lo any material departures disclosed and explained in the financial slatemenls., and Prepare the financial statements on the going concem basis unless it is inappropriat8 to presume that the charity will continue in operation. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy 8t any lime the financial position of the charity and which enable them lo ensure that the ffinancial statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reportsl Regulations. The trustees are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Iruslees eonfimi that to the best of their knowledge there is no information relevant to the Independent Examination of which the Examiner is urWare. The trustees also confirm that they have taken all necessary stèps lo ensure that they Ihernselves are aware of all relevant financial infonnation and that this infomiation has been communicated lo the Examiner. The trustees are members of the charity bul this entitles them onty to voting rights. The tw$tee$ have no benefici81 intèrest in the char¢ty. Inde end•nt ExamSner The Trustees appginled K.C. Fisher of Kingston Burrowes Audit Ltd as Independ8nt Examiner. He has expressed willingness lo continue lo serve. Approved by the Trustees and sned on their behalf by.. 4CE¥A8F58CI204. Louise Holmes Trustee 31 January 2025 12
Docusign Envebpe ID". A43F371&bFD24248-988D4F96E46ADF93 Indopendent Examiner's Report to tha Truste•s of: THE HERD THEATRE I report lo the charity trustees on my examination of the accounts of the charty for the period ended 31. March 2024 which are sel out on pages 14 to 21. Responsibilities and bas18 Ot report As the charty trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in acwrdance with the requirements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that the accounts of the company a not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Cornmission under section 14515llbl of the 2011 ACL Independent examinerfs statement I have completed my examination. I confirm that no material mallers have come to my attention in connection with the examination giving me cause to believ8 that in any material respectr. accounting records were not kept In respect of the company as required by section 386 of the 2006 Act., OT the accounts do not accord with those records,. or 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 'lrue and fair view. which is not a matter considered as part of an independent ex8minalion,' or the accounts have r)ot been prepared in accordance with the methods and principles of the Slalement of Recommended Practicè for accounting and reporting by charities applicable to charits.es preparing their ac¢oLJnls in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in eonnection with the examinab.on to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. K C Fishey BA FCA CTA % lQ"ngston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey Kf6 7AL 31 January 2025 13
Do¢us*n Env6bpe ID.. A43F3718&FD24246.9880-8F98E48ADF93 THE HERD THEATRE (Registered Charity Nurnber. 2918801 STATEMENT OF FINANCIAL ACTIVITIES tor th• porlod ond9d 31 March 2024 Notes Unrestrlcted Restricted Funds Funds Total Funds Total Funds 2024 2023 Inetsm• Sates Charrftable aCtivitS 78,470 103.217 19,473 111,097 130,570 Total 19,473 111,097 130.570 101.687 Expenditurè Cost of salas Raising funds Charitab16 activ"eS Administrative expenses 127.367 2,180 33,751 2.160 140,493 1L%,922 18.365 Total 35,731 706,922 142,653 145.732 Net In¢om{&Xpèhdltur•l forth• year 116.2581 4,175 12,Q83 35.955 Transfer between funds Tax on deficit 11001 100 10.042 Net movement In funds 16 116,3581 4,275 112.0831 45.997 Total funcls as at 16 September 2023 16 50,958 50,958 4,961 Total funds at 31 March 2024 16 £34,eoct 4,275 38.875 £50.958 No dstsiled ¢omparative$ are provxled for the peTiod ended 15 September 2023 as the panY was not a registered charity during this period. The Statement of Financial Activits'es indudes all gains and losses recognised in the year. Al income and expetyjiture derives from continuing activf(ies. The not88 form part ofthes8 financi81 ststsments. 14
t*KusvJn Envelope ID-. A43F371&BFD24248-988D4FgBE48ADF93 THE HERD THEATRE (Registered Charity Number.. 2918801 BALANCE SHEET For the pgriod ended 3q March 2024 2024 2023 Flxed assets Tangible Assèts 10 32 96 Current assets Debtors Cash at bank and in IiaThJ 11 6.261 67,938 30,474 82,880 74,199 113.354 Creditors: amounts talling due within one year 12 35.356 62.4¥2 Net Current assèts 38.843 So,2 Totsl Asset¥ l+$$ ¢urr•nt liabilities £38,875 £50,958 Funds Unrestricte Restricted 14 14 34.600 4.275 50,958 T¢)tal fLFnds 14 £38.875 £50,958 The company is entitled to exemption from audi( under Section 477 01 the Companies Act 2{8 to the peritxl ended 31 March 2024. The members havè not required the wmpany to obtain an audit of its financial statemènts for the period ended 31 March 2024 in attcordan with Section 476 of the Companies Act 2CN)6. The directors acknowledg6 their responsibilities for.. lal ensunng that the company keeps acGDunb"ng records which cornpty wth S6¢tlon 386 and 387 01 the Companies Ad 2006 and Ibl preparing financial statements which give a true and tsir view ol the state of affairs of the company as 8t the end of each financial year and of its profrt fDr loss for each financial year in accordance wth the requirements of Sections 394 and 395 and which otherwise comply with the reouiremenls of the Companies Act 2006 relab.ng to finanaal stslements. so far as appIable to the company. These Finanrial Statem8nts hav6 been prepared in 9cWrdar with the special provisions Of P8rt 15 of the C(Impanies Act 2006 relating to sm811 companies. Approved by the Board ol Trustees on 31 January 2025 and signed on its behalf by .' by 73¢4E7ACCB2J46C. Naqiya Ebrahlm Chalr The note$ fom part ol these financial statèmsnts. 15
DOCu9n En¥elDpe ID". A43F371&8FD2424&968MF98E48ADF93 THE HERD THEATRE IRegSsler$d Charity Number.. 29188Ql NOTES TO THE FINANCIAL STATEMENTS for the PèAod èndèd 31 Mareh 2024 Accountlng Pollcles 1.1 Basis of accountlng The charity constitutes a public benefit entity as defined ty FRS 1Q2. The finala1 ststements have been prepared in accordan with A¢counlin9 and Reporb"ng by Ch8rities'. St8temènl of Rèeomm6nd6d Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland issued in October 2019, the Fin8nci81 Réporting Standard applicable in the ijnited Kingdom and Republic of Ireland IFRS 102}, the Charities Act 2011, the Companies Act 2008 and UK Generally Apted Acoounting Practice. 1.2 Golng concern The tinarlcial statements are Wepad on a going concern basis under the historical cost convention. Th& financial statements aTe presented in sterling which is the fvnctional currency of the charity, The significant accounting policies applied in the preparation of these ftnancial &t*emenls are set OLrt below. These poliaes have been consistenty applied to all years presented unless otherwise stated. 1.3 Incomè recognition Iterns of income are recojnised in the financial statements when all tsf the lollfywlng ¢irterla are met The charity has entitlement to the funds., gfty performanoe conditions have been met or are fulty wthin the control ofthe charity., there is suffiaent certainty that receipt of the income is considered probable., and the arnount can be measured reliably. Th& charity re¢elved government wpport throu) the coronaruS Job RetentSon Scheme ICJRSI whth Ls accounted for on the aurual basis and is nc5uded under Incorne for Charitable Activities INole 3} 1.4 Expendlture recognltlon Expendilurts is recognisgd on¢e Ihero is a legal or constructive obligation to make payment to a third party, Vt is probable that setuement wll be required and the amount can be rneasured reliably. Expenditure on charitable activf(ies includes those c08ts ol a dI¢t natt1 which can be 8110¢8ted 1¢ a specific activity. It also includes indired rxists, inGluding govemance costs that do not ielate to a speafic activity but are neSSary to support those activities. Support costs are apportioned to each aclwity on the basis of staff time. 1.5 Fund occounting Unrestricted general funds are treely available for use in fvrtherance of the objects of the charity and which have not been designated for specifiG purposes. Designated fund8 are unrestricted funds sol asido by the trustees for parbcular wrposes. Restrided funds 8re funds which can only be used in accordance wth specific restrictions imposed by the donor or which have been raised for a Partlar purpose. 1.6 Tangibl• fixo(l as80ts and dèpreclatlon Tangle fixed assets costing more than £500 are capitalised. Deprec4attoTr is provided so as to write off the osl of e8ch assel, less e8titnated residual value over its esb"mated usefvl life at the following annual rates." Fixture3, fitting8 and equiptnent- 33% str8ight line 1.7 Debtors and Creditors Debtors and creditors with no ststed interest rate and receivable or payable within one year are Tecorded al transaction price_ Any losses aring frtsn impairments arè reujgnised In expenditure 16
DUSIgn Envelope ID.. A4JF371&BFD242988D-F98E48A0F93 THE HERD THEATRE (Registered Charity Number. 2918801 NOTES TO THE FINANCIAL STATEMENTS for the perlod ended 31 Mar¢h 2024 I Income from Charltable ActNitie8 Unrestrlcted Fund Restricted Funds Total 2024 Total 2023 Arts Council England Goodwn Trust Backstage Trust Hull City Council Hull Universty I AM Fund Postcode Lottery Neighbouih(M)d Tnjst Sir James Réckitt Foundation School Workshops Hull Librarieg National Literacy Trust Performances Southbank Centre Grant and Donations 8,627 53,937 2,000 3,800 5,000 2,340 5,000 62,584 2,000 7.896 5,000 4,098 5,000 6.250 5C(I 900 13,0(Kl 6,250 SW 900 13,000 800 17,530 6,789 17,530 6.789 103.217 £19.473 £111,097 £130,570 £103.217 There is no analysis of the comparative figures lor the period 8ndod 15 September 2023 as the company was not a registered charity during this period. Cost of R#i$ing Funds Dlrect costs Support ¢08ts Total 2024 Total 2023 Freelance stsff £Nil £2,160 £2.160 £Nil Expendttyrè ort Charitable Actlvltles Direct costs Support costs Total 2024 Total 2023 Theatre pr(xludsons, installations, participatory projects and school workshop £108,922 £35,731 £142,653 £Nil Analysis of Dlrgct Costs 2024 2023 Freèlance staff Pru¢ll0n costs 85.283 21,639 £106,922 £Nil 17
DoSign Env8bp6 ID.. A43F371&BFD24248-988D-8F98E48ADF93 THE HERD THEATRE (Registered Charity Number.. 291880} NOTES TO THE FINANCIAL STATEMENTS for th8 porlod ended 31 March 2024 IConlinued} Analysis of Support C03ts 2024 2023 Freelance staff Production cost$ Development costs Tr8vel Printing Storage IT costs Legal and professlon81 fees Training Fee5 and subscripliLN)s VideographylPhotography MaTkeling Theatre tax relief written off Govemance costs l Note 71 Sundry expenses 14.970 814 811 130 2,221 257 162 450 631 250 10,041 4,280 £35,731 £Nil Govemance Costs 2024 2023 Freelarioe sl8ff Independent examination fee 680 3.600 £4,280 £Nil Ngt In¢omellExpenditurel for the year 2024 2023 This is stated after charging.. Independent examination fee Depreciation £3.6 £2,016 £247 9. Key Management Remuneratlon The mernbers of th8 Board received no remun8ration. Total freelanc fees Teceiv8d by key managèmènt amountad to £29,222. 18
D5J Envèknpè ID,. A43F3718-BFD24248-988EeFg8E48ADF93 THE HERD THEATRE (Registered Charity NutnbèT". 2918801 NOTES TO THE FINANCIAL STATEMENTS forthe period ended 31 March 2024 (Continued) 10. Tangiblè Fix•d Assets Equipment Cost At 16 Saptember 2023 Addition5 Disposals 2,378 At 31 March 2024 2,378 Depreeiatlon At 16 September 2023 Charg8 for the year Eliminated in disposals 2,282 At 31 March 2024 Net book value At 31 Mai¢h 2024 £32 At 1S September 2023 £96 11. Debtors 2024 2023 Service charges due Other debtors 2,600 3,eoo 20.432 10.042 £6,261 £30.474 12. Creditors 2024 2023 Amounts falling due vAthln one year.. Other Greditors £35,356 £62.494 13. Anatysls of N8tAssets b•tw•an funds Unrèstrlctèd Funds Restricted Funds 2024 2024 Fixed assets Current assets Current liabilities 32 48,507 113,9391 25,692 121.417) 74,199 135,3561 Net assets at 31 March 2024 £34,600 £4.275 £38,875 There are nc) comparative figures for the period ended 15 September 2023 as the company was not a règistered charity during this period. 19
DOCU9 EnvèJDpÈ ID.. A43F3718-BFD24248-988D-8F98E48ADF93 THE HERO THEATRE IR9gister8d Charity Mumbei". 2918801 NOTES TO THE FINANCIAL STATEMENTS forthe period ended 31 Mar¢h 2024 (Continued) 14. MOVEMENT IN FUNDS Balance b1 at[ Incoming 16 Sept 2023 ReSourS Balance RèsoureÈs clfwd at Expended Trdnsfers 31 March 2024 Unrestrlcted Funds General funds 50.958 19.473 135,7311 110JI 34,fj00 Total Unrèstrietèd Funds £50.958 £19,473 £135,731) £11001 £34,800 Restrlcted Funds.. Replay One day plzy Counting shee Fast food megaverse Pop up play space Whalesong Snowmen One off workshops 6.789 8,240 5.297 15.1131 13,5671 18251 11001 13,8981 128.5661 164.6361 12151 f.675 4,672 4,472 100 4,82LI 27.920 57.230 921 16461 17.4061 Total Restrfctsd Funds 111,098 1106,9221 100 4,274 Total Funds £50,958 £130,569 q142,6531 £38,874 20
Docusign En¥ek)pe ID. A43F3718.BFD24246-988L18F98E48ADF93 THE HERD THEATRE IRegislered Charity Nurnber." 2918801 NOTES TO THE FINANCIAL STATEMENTS for the period ended 31 M4r¢h 2024 Icontinuedl 15. Company Status The Herd Theatre 18 a private company limited by gLÈaranlee and has no share capital. It is incorporated in Gre* Britain and registered in England 8nd ivales. Each member is liable lo (x)ntribut& a sum not exceeding £1 in the event of the company being wound up. The address or the regISted office can be found in the R&fÈrènce and Administration details on page 1. 16. Yaxatlon The d)aritable cDmpany is ex8rnPt from corporation tax on its charitalAe 8Gtivilies. 17. Rel#tèd Party Transactions Two Iruslees were reimbursed for their travelling 8xp6nses amounting to £148 during the perlod. l& Contlngent Assets Total grant funding awardèd as at 31 March 2024 bul not yel re9lSed as income due to the recogllition iteria not being met amounts to £108,501. 21