## **Bruiser Theatre Company** ## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** |**Note**
**Income and Endowments from:**
Charitable activities
3
Other trading activities
Other income
4
Total Income
**Expenditure on:**
Raising funds
5
Charitable activities
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
15
**Income and Endowments from:**
Charitable activities
Other income
Total Income
**Expenditure on:**
Raising funds
Charitable activities
Total Expenditure
Net income
Transfers between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
20,663
-
14,238
34,901
(348)
(11,481)
(11,829)
23,072
17,519
40,591
109,633
150,224
**Note**
3
4
5
6
15|**Restricted**
**funds**
**£**
202,291
2,800
13,973
219,064
(1,400)
(262,792)
(264,192)
(45,128)
(17,519)
(62,647)
103,447
40,800
**Unrestricted**
**funds**
**£**
4,300
35,695
39,995
(400)
(23,261)
(23,661)
16,334
(11,817)
4,517
105,114
109,631|**Total**
**2025**
**£**
222,954
2,800
28,211
253,965
(1,748)
(274,273)
(276,021)
(22,056)
-
(22,056)
213,080
191,024
**Restricted**
**funds**
**£**
261,467
50,054
311,521
(6,769)
(292,578)
(299,347)
12,174
11,817
23,991
79,456
103,447|**Total**
**2024**
**£**
265,767
-
85,749| |---|---|---|---|---| |||||351,516| |||||(7,169)
(315,839)| |||||(323,008)| |||||28,508
-| |||||28,508
184,570| |||||213,078| |||||**Total**
**2024**
**£**
265,767
85,749| |||||351,516| |||||(7,169)
(315,839)| |||||(323,008)| |||||28,508
-| |||||28,508
184,570| |||||213,078| All of the charity's activities derive from continuing operations during the above two periods. Page 18 ## **Bruiser Theatre Company** ## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)** The funds breakdown for 2025 & 2024 is shown in note 15. Page 19 ## **Bruiser Theatre Company** ## **(Registration number: NI601058) Balance Sheet as at 31 March 2025** |||**2025**|**2024**| |---|---|---|---| ||**Note**|**£**|**£**| |**Fixed assets**|||| |Tangible assets|11|4,628|12,128| |**Current assets**|||| |Debtors|12|4,229|3,895| |Cash at bank and in hand||286,254|257,837| |||290,483|261,732| |**Creditors: Amounts falling due within one year**|13|(104,087)|(60,782)| |**Net current assets**||186,396|200,950| |**Net assets**||191,024|213,078| |**Funds of the charity:**|||| |**Restricted funds**||40,800|103,447| |**Unrestricted income funds**|||| |Unrestricted funds||30,105|39,152| |Designated Funds||120,119|70,479| |Total unrestricted funds||150,224|109,631| |**Total funds**|15|191,024|213,078| For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 18 to 30 were approved by the trustees, and authorised for issue on 3 December 2025 and signed on their behalf by: ......................................... Diana McKeown Trustee Page 20 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **1 Charity status** The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. ## **Basis of preparation** Bruiser Theatre Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The Trustees are aware that the Charity has lost its main funding, but remain hopeful that steps can be taken to ensure the organsiation continues with its activities. Steps have been taken by the Trustees to reduce non-essential costs to allow the Charity to regroup and source alternative funding. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Page 21 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **Income and endowments** ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. ## _**Raising funds**_ These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Support costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Governance costs** These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Tangible fixed assets** Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class** Office Equipment **Depreciation method and rate** 20% Straight Line Page 22 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **Trade debtors** Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Trade creditors** Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. ## **Borrowings** Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 23 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **Financial instruments** ## _**Classification**_ Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. ## _**Recognition and measurement**_ All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. ## _**Fair value measurement**_ The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. ## **3 Income from charitable activities** |Charitable Activities|**Unrestricted**
**funds**
**General**
**£**
20,663|**Restricted**
**funds**
**£**
202,291|**Total**
**2025**
**£**
222,954|**Total**
**2024**
**£**
265,767| |---|---|---|---|---| Page 24 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **4 Other income** |Box Office & programme sales|**Unrestricted**
**funds**
**General**
**£**
14,238|**Restricted**
**funds**
**£**
13,973|**Total**
**2025**
**£**
28,211|**Total**
**2024**
**£**
85,749| |---|---|---|---|---| ## **5 Expenditure on raising funds** ## **a) Costs of generating donations and legacies** |**Unrestricted**
**funds**
**Note**
**General**
**£**
Marketing and publicity
348
**6**
**Expenditure on charitable activities**
**Unrestricted**
**funds**
**Note**
**General**
**£**
Box Office &
programme sales
11,459
Staff costs
-
Allocated support costs
7
22
Governance costs
7
-
11,481|**Restricted**
**funds**
**£**
1,400
**Restricted**
**funds**
**£**
79,402
154,184
26,346
2,860
262,792|**Total**
**2025**
**£**
1,748
**Total**
**2025**
**£**
90,861
154,184
26,368
2,860
274,273|**Total**
**2024**
**£**
7,169| |---|---|---|---| ||||**Total**
**2024**
**£**
168,549
112,327
31,975
2,988| ||||315,839| Page 25 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **7 Analysis of governance and support costs** ## **Charitable activities expenditure** |**Unrestricted**
**funds**
**Basis of**
**allocation**
**General**
**£**
Rent & Rates
-
Telephone & Internet
-
Printing, Postage &
Stationery
-
Legal & Professional
-
Insurance
-
Membership &
Subscriptions
-
Software & IT Costs
-
Depreciation
-
Office/General Admin
costs
-
Staff Welfare
-
Bank Charges
22
Advertising
-
Travel costs
-
Sundry Expenses
-
Repairs & Maintenance
-
Foreign Exchange Loss
-
22
**Governance costs**
Independent examiner fees
Examination of the financial statements|**Restricted**
**funds**
**£**
10,253
488
328
120
1,667
912
864
7,500
1,137
400
42
173
1,953
610
120
-
26,567
**Restricted**
**funds**
**£**
2,860
2,860|**Total**
**2025**
**£**
10,253
488
328
120
1,667
912
864
7,500
1,137
400
64
173
1,953
610
120
-
26,589
**Total**
**2025**
**£**
2,860
2,860|**Total**
**2024**
**£**
9,220
1,633
468
2,013
1,781
200
907
7,638
-
1,279
199
38
2,263
4,126
32
178| |---|---|---|---| ||||31,975| ||||**Total**
**2024**
**£**
2,988| ||||2,988| Page 26 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **8 Staff costs** The aggregate payroll costs were as follows: |The aggregate payroll costs were as follows:||| |---|---|---| |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
142,226
8,262
3,696
154,184|**2024**
**£**
103,481
5,840
3,006| |||112,327| The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows: |Staff
No employee received emoluments of more than £60,000 during the year.
**9**
**Independent examiner's remuneration**
Examination of the financial statements|**2025**
**No**
5
**2025**
**£**
2,860|**2024**
**No**
5| |---|---|---| |||**2024**
**£**
2,988| Page 27 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **10 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **11 Tangible fixed assets** |**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**12 Debtors**
Trade debtors
Prepayments
**13 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors||**Furniture and**
**equipment**
**£**
38,431
38,431
26,303
7,500
33,803
4,628
12,128
**2025**
**£**
2,926
1,303
4,229
**2025**
**£**
3,748
2,770
97,569
104,087|**Furniture and**
**equipment**
**£**
38,431
38,431
26,303
7,500
33,803
4,628
12,128
**2025**
**£**
2,926
1,303
4,229
**2025**
**£**
3,748
2,770
97,569
104,087|**Total**
**£**
38,431
38,431
26,303
7,500
33,803
4,628
12,128
**2024**
**£**
3,065
830| |---|---|---|---|---| |||38,431||| |||26,303
7,500||| |||33,803||| |||4,628||| |||12,128||| |||**2025**
**£**
2,926
1,303
4,229
**2025**
**£**
3,748
2,770
97,569
104,087||| |||||3,895| |||||**2024**
**£**
3,953
2,990
53,839| |||||60,782| ## **14 Pension and other schemes** ## **Defined contribution pension scheme** The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £3,695 (2024 - £3,007). Page 28 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **15 Funds** |**Unrestricted funds**
General
Designated
**Total unrestricted funds**
**Restricted funds**
**Total funds**
**Unrestricted funds**
General
Designated
**Total unrestricted funds**
**Restricted funds**
**Total funds**|**Balance at 1**
**April 2024**
**£**
(39,154)
(70,479)
(109,633)
(103,447)
(213,080)
**Balance at 1**
**April 2023**
**£**
(34,635)
(70,479)
(105,114)
(79,456)
(184,570)|**Incoming**
**resources**
**£**
(34,901)
-
(34,901)
(219,064)
(253,965)
**Incoming**
**resources**
**£**
(39,995)
-
(39,995)
(311,521)
(351,516)|**Resources**
**expended**
**£**
11,829
-
11,829
264,192
276,021
**Resources**
**expended**
**£**
23,661
-
23,661
299,347
323,008|**Transfers**
**£**
32,121
(49,640)
(17,519)
17,519
-
**Transfers**
**£**
11,817
-
11,817
(11,817)
-|**Balance at**
**31 March**
**2025**
**£**
(30,105)
(120,119)| |---|---|---|---|---|---| ||||||(150,224)
(40,800)| ||||||(191,024)| ||||||**Balance at**
**31 March**
**2024**
**£**
(39,152)
(70,479)| ||||||(109,631)
(103,447)| ||||||(213,078)| ## **16 Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
1,619
-
137,991
120,119
(104,087)
-
35,523
120,119|**Restricted**
**funds**
**£**
3,009
32,373
-
35,382|**Total funds**
**£**
4,628
290,483
(104,087)| |---|---|---|---| ||||191,024| Page 29 ## **Bruiser Theatre Company** ## **Notes to the Financial Statements for the Year Ended 31 March 2025** ## **17 Analysis of net funds** |**17 Analysis of net funds**||| |---|---|---| |**At 1 April 2024**
**£**
Cash at bank and in hand
257,837
Net debt
257,837|**Cash flow**
**£**
28,417
28,417|**At 31 March**
**2025**
**£**
286,254| |||286,254| Page 30