REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
FROZEN CHARLOTTE PRODUCTIONS LTD |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 |
FOR |
FROZEN CHARLOTTE PRODUCTIONS LTD |
FROZEN CHARLOTTE PRODUCTIONS LTD |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 |
Notes to the Financial Statements | 7 | to | 10 |
FROZEN CHARLOTTE PRODUCTIONS LTD (REGISTERED NUMBER: SC180590) |
REPORT OF THE TRUSTEES |
For The Year Ended 30 April 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
Frozen Charlotte makes ambitious and inventive theatre - for, with and about children and young people - that everyone wants to see. |
We are passionate about: |
Working directly with children and young people as co-artists. Making work with children and young people, and involving them in the development of our professional productions, enables us to engage in a vibrant artistic exchange with our target audiences. |
Long-term collaboration with artists. We have developed a network of collaborators who share our passion for creating theatre for and with children and young people. These on-going relationships enable us to take risks from a place of shared ambition and understanding. |
The potential of the arts to inspire individuals and communities. We want our work to be rooted in dynamic engagement with participants and audiences. We actively seek opportunities to work at the centre of communities, in partnership with other arts and community organisations. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
This financial period we have: |
- Produced performances of Wee Tales with our co producers 10 Feet Tall Theatre |
- Invested reserves in applying to Creative Scotland's Multi Year Funding Programme |
This financial period saw a pause in artistic output and a focus on strategic planning for Frozen Charlotte's future sustainability. We invested time and money in creating a business plan to move the company forward into achieving a more sustainable future. This involved moving the strategic planning we invested in 22/23 into applying for various funds including the UK Shared Prosperity Fund administered by Moray Council, two Open Fund for Organisations applications and two rounds of applications for Creative Scotland's Multi Year Funding Programme. |
Wee Tales in Lossiemouth |
We extended the tour of Wee Tales that our producing partners 10 Feet Tall Theatre produced for audiences in Aberdeen by bringing the performance to Lossiemouth. Although only one day / one performance this allowed us to share the work we were doing with audiences further afield more locally. |
FINANCIAL REVIEW |
Financial position |
During the year the charity had income of £1,148 ( 2023 £17,114) and expenditure of £22,878 (2023 £24,834) . |
As a result the charity made a loss of £21,730 (2023 a loss of £7,720 |
Where applicable, the charity takes full advantage of the Theatre Tax Relief scheme. |
Reserves policy |
The Trustees consider that the fixed costs on an annual basis are circa £10,000 and therefore aim to have this as the unrestricted reserves level. The unrestricted reserves of the charity are £4,666 (2023 £26,396 ). |
FROZEN CHARLOTTE PRODUCTIONS LTD (REGISTERED NUMBER: SC180590) |
REPORT OF THE TRUSTEES |
For The Year Ended 30 April 2024 |
FUTURE PLANS |
We invested £11,500 of the companies reserves into applying to Creative Scotland's Mutli Year Fund Programme. |
This allowed us to pay four Free Lancers (including Frozen's Charlotte's co-directors Heather Fulton and Brenda Murphy) to complete the two-stage application process and produce a business plan. |
This was a significant decision to try to move the organisation forward to be more robust and sustainable and to expand the team. |
During this period we also developed a range of company polices that will support all our future operations. |
The outcome of this work is that we were successful in securing: |
- £10,000 funding from the UK Shared Prosperity Fund for a summer 2024 tour of Wee Tales |
- £8,600 funding from round 2 of the UK Shared Prosperity Fund for a series of 10 Creative Play Workshops with young families |
- £43,869 funding from Creative Scotland Open Fund to tour Too Many Penguins? to Moray and Highland in December 2024 |
The result of the Multi Year Funding awards will be announced in January 2025. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
The charity has a policy in place whereby the constitution of the board of trustees is reviewed on a regular basis. The trustees undertake an informal skills audit with a view to appointing new members. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
FROZEN CHARLOTTE PRODUCTIONS LTD (REGISTERED NUMBER: SC180590) |
REPORT OF THE TRUSTEES |
For The Year Ended 30 April 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
Kathleen Benham CA |
Benham Conway & Co |
Chartered Accountants |
16 Royal Crescent |
Glasgow |
G3 7SL |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
FROZEN CHARLOTTE PRODUCTIONS LTD (REGISTERED NUMBER: SC180590) |
I report on the accounts for the year ended 30 April 2024 set out on pages five to ten. |
Respective responsibilities of trustees and examiner |
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations |
have not been met; or |
(2) | to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
Kathleen Benham CA |
The Institute of Chartered Accountants of Scotland |
Kathleen Benham CA |
Benham Conway & Co |
Chartered Accountants |
16 Royal Crescent |
Glasgow |
G3 7SL |
8 January 2025 |
FROZEN CHARLOTTE PRODUCTIONS LTD |
STATEMENT OF FINANCIAL ACTIVITIES |
For The Year Ended 30 April 2024 |
30.4.24 | 30.4.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 26,396 |
FROZEN CHARLOTTE PRODUCTIONS LTD (REGISTERED NUMBER: SC180590) |
BALANCE SHEET |
30 April 2024 |
30.4.24 | 30.4.23 |
Unrestricted | Restricted | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 7 |
Unrestricted funds | 23,519 |
Restricted funds | 2,877 |
TOTAL FUNDS | 26,396 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
FROZEN CHARLOTTE PRODUCTIONS LTD |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 30 April 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023. |
FROZEN CHARLOTTE PRODUCTIONS LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2024 |
3. | STAFF COSTS |
There were no employees in the current year or the previous year. |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 31,239 | 2,877 |
TOTAL FUNDS CARRIED FORWARD | 23,519 | 2,877 | 26,396 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.24 | 30.4.23 |
£ | £ |
Other creditors |
FROZEN CHARLOTTE PRODUCTIONS LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2024 |
7. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.5.23 | in funds | 30.4.24 |
£ | £ | £ |
Unrestricted funds |
General fund | 23,519 | (21,730 | ) | 1,789 |
Restricted funds |
Restricted Fund | 2,877 | - | 2,877 |
TOTAL FUNDS | (21,730 | ) | 4,666 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,148 | (22,878 | ) | (21,730 | ) |
TOTAL FUNDS | ( |
) | (21,730 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1.5.22 | in funds | 30.4.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 31,239 | (7,720 | ) | 23,519 |
Restricted funds |
Restricted Fund | 2,877 | - | 2,877 |
TOTAL FUNDS | 34,116 | (7,720 | ) | 26,396 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 17,114 | (24,834 | ) | (7,720 | ) |
TOTAL FUNDS | 17,114 | (24,834 | ) | (7,720 | ) |
FROZEN CHARLOTTE PRODUCTIONS LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 30 April 2024 |
8. | RELATED PARTY DISCLOSURES |
During the year to 30 April 2024, H Fulton, trustee, invoiced the charity £7,851 ( 2023 £15,701 )for services rendered. |