Highlights Productions Charity Accounts

COMPANY REGISTRATION NUMBER: 4646007

CHARITY REGISTRATION NUMBER: 1100920

Highlights Productions

Unaudited Financial Statements

For the Year Ending

31 March 2025

Highlights Productions

Financial Statements

Year Ended 31 March 2025

	Page

Trustees' Annual Report (Incorporating the Director's Report)	1

Independent Examiner's Report to the Trustees	5

Statement of Financial Activities (Including Income and Expenditure Account)	6

Statement of Financial Position	7

Notes to the Financial Statements	8

Highlights Productions

Trustees' Annual Report (Incorporating the Director's Report)

Year Ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025 .

Objectives and Activities

Objectives

The object of the charity is to advance the education of the public in the practice and appreciation of the arts, especially in the counties of Durham, Northumberland and Cumbria, through the provision of a rural arts service. The company aims to meets its objectives by presenting and promoting a programme of drama, dance, literature, music, storytelling and visual arts. It achieves these aims through:- - continuing support of volunteer promoters to enable them to provide a professional service in providing a programme of high quality events in their venues; - continuing choice of a wide range of performances to the highest quality - securing the necessary funds to put these objectives in place and ensure the sustainability of the programme.

Review of the Development, Activities and Achievements of the Charity

The financial year of 2024/2025 has been the second year of a 3-year National Portfolio agreement with the Arts Council of England (ACE). In December 2024, we submitted an application to extend this funding to April 2027. The NPO agreement is awarded to Highlights (H) and Arts Out West (AOW) consortium, with H as the lead partner.

Local authority funding from Westmorland & Furness Council (previously Cumbria & South Lakeland) and Northumberland County Council remained at a standstill amount. Unfortunately, for the first time in many years, we received no funding from County Durham Council.

There have been two major staffing changes during the year, with the Creative Engagement Officer leaving in August and the General Manager retiring in December. We thanked them for the work they'd done for Highlights over the years. In September we welcomed a Community Programmer to the team in a new role for the organisation and in January we welcomed a new General Manager.

Highlights continues to work in partnership with over 65 village halls, community centres, libraries and schools across Cumbria, County Durham and Northumberland. Seasons continue to run as normal, with two per year in Spring and Autumn, and venues hosting performances and/or arts and crafts workshops.

The Highlights Participate programme has worked in primary and secondary schools across Cumbria, County Durham and Northumberland, delivering workshops from regional and national artists.

In March we launched a week-long fundraising campaign via The Big Give Arts for Impact to support the provision of free creative workshops in secondary schools across the three counties, inspiring the next generation of audiences, promoters, artists and arts administrators.

Achievements

- We successfully programmed 145 performances during 2024 - 2025 plus 4 performances for Northumberland libraries.

- We programmed a range of Creative Highlights workshops, working with regional artists across both seasons. 39 workshops were delivered.

- We continued to build our Participate programme, delivering workshops to primary and secondary schools and community groups.

- Highlights continued to work as a lead partner in the Rural Touring Dance Initiative (RTDI). We work alongside The Place, National Rural Touring Forum, Take Art and Sonia Sabri Company to deliver this national programme, funded by Esmée Fairbairn Foundation and Arts Council England.

- As part of the RTDI programme we hosted a residency for Pagrav Dance and Britten Sinfonia at The Maltings Berwick, which included a workshop with Memory Laner's Music Group, a group for people with dementia and their carers, and a sharing for members of the public and invited guests.

- Our Big Give Arts for Impact campaign raised over £4,000 to support work in secondary schools across the three counties.

- Highlights continue our artist development work alongside regional partners such as Northern Consortium of rural touring schemes, North East Exchange and Venues North as well as international partners Contact East Canada, Music PEI (Prince Edward Island) and Canadian Folk Music Awards.

- Highlights continued its work with Investors in the Environment (IIE), an environmental management system, the aim being to reduce our carbon footprint. As part of this project members of staff and trustees started volunteering at Eden River's Trust tree nursery in Penrith.

Financial Review

Finances

The organisation made an overall deficit of £35,478 (2024 - £4,255). This was made up of a deficit of £26,389 on unrestricted funds and a deficit of £9,089 on restricted funds. When the overall deficit is added to the funds brought forward of £191,238 it gives closing funds of £155,760 of which £13,591 are for restricted funds. This leaves general reserves of £142,169 as at 31 March 2025. Of that, £2,778 relates to fixed assets and £20,000 has been earmarked for a number of projects and so unrestricted free reserves at the end of the year were £119,391.

Reserves Policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which provides sufficient funds to cover management, administration and support costs for six months. At the 31 March 2025 unrestricted reserves were above this minimum level.

Investment Policy

The Memorandum and Articles of Association of the Charity permit wide powers of investment. The Trustees should invest the money of the charity not immediately required for its purposes, in or upon such investments, securities or properties as may be thought fit.

Risk Assessment

The Trustees regularly review the risks to which the charity is exposed and consider the implication of those risks. The Trustees consider that the current volatile economic climate and its effects on possible audience numbers, together with the government financial reviews meaning local authority funding is less secure, as the most significant risks to the organisation. They are keeping these risks under continuous review.

Plans for Future Periods

With approved funding from the Arts Council in place until March 2026, and an expectation that this may well be extended for a further year or possibly two, the grant income will not increase significantly to reflect the increased costs of overheads and programming. The Charity are going through a process of consolidation and in-depth data analysis of its activities. This analysis will assist with forming the basis for strategic development of the programming of events and projects to ensure the financial security of Highlights.

Highlights has consistently over-delivered on its key performance indicators from grant funders, and whilst continuing to support our volunteer promoters, we need to consolidate our activities to ensure the KPI's are delivered at a rate which matches our grant funding whilst still meeting our organisations aims and objectives of providing a professional, high quality and varied menu of events across the north of England.

Plans for Future Periods

- Consolidate our use of Eventotron, online event management system, to streamline our working processes.

- Develop and launch a new website, fully integrated with Eventotron and its booking system, bringing online sales in-house.

- Continued development of a funding strategy to secure the future of Highlights.

- Work on silver accreditation from Investors in the Environment (IIE), an environmental management system.

- As part of our work with the Rural Touring Dance Initiative, host a residency for Ceyda Tanc Dance.

- Continue to develop an induction and training programme for new volunteer promoters and venues.

- Work with other northern schemes to drive forward our development of rural and community touring in the north of England, in line with the action plan developed during 2024-2025.

Structure, Governance and Management

Governing Document

Highlights Productions is a company limited by guarantee and registered charity. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company, and is governed under its Articles of Association.

Management Structure

Highlights Productions is governed by a Board of Trustees who are both Trustees under charity legislation and Directors under company legislation. At each Annual General Meeting (AGM) one third of the Trustees must retire from office and may be re-elected at that same meeting. The members to retire shall be those longest in office since their last election. Between AGM's the Trustees may co-opt persons onto the Board to fill any vacancies. All co-opted members must stand down at the AGM following their co-option and are similarly eligible for re-election. All new trustees are subject to an open and robust selection process and undergo an induction process once co-opted/elected.

Day to day management of the company is delegated to the Director (Chief Executive Officer), line-managing staff, and developing strategies and policies in consultation with, and subject to the approval of, the Board.

Governance

The Board of Trustees continued to meet regularly, with 50% of meetings in person and 50% online.

The Board started the year with seven members and ended with the same members with no resignations or new members. Cinzia Hardy remains Chair and Mary Ingham remains Vice Chair.

During the year, the Board reviewed several policies in accordance with the policy schedule, and continued to review the organisation's risk register at each meeting.

The Finance Committee met four times, 25% of which were in person, and is made up of three trustees and the General Manager.

We continue to operate with three bank accounts, two for investment of reserves, and the main current account for daily working capital. Transfers were made between accounts as required to support the day-to-day management of finances, with board approval for each transfer.

During the year, a full skills audit indicated financial and HR management as well as an understanding the effects of social media on the organisation as areas which require development of understanding and target skills for future recruitment of new members.

Reference and Administrative Details

Registered charity name	Highlights Productions

Charity registration number	1100920

Company registration number	4646007

Principal office and registered	Market Cross Cabin
office	New Road
	Brough
	Kirkby Stephen
	Cumbria
	CA17 4AS

The Trustees

	Ms C Hardy
	Ms M Ingham
	Ms E Lugg
	Ms J A Campbell
	Mr R Burns	(Resigned 31 May 2024)
	Mr I F Gledhill
	Dr A C Jones
	Ms S A Seed

Company Secretary	Ms K Lynch

Independent Examiner	Jane Ascroft FCA MA (Cantab)
	Enterprise House
	Harmire Enterprise Park
	Barnard Castle
	County Durham
	DL12 8XT

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 3 October 2025 and signed on behalf of the board of trustees by:

Ms K Lynch

Charity Secretary

Highlights Productions

Independent Examiner's Report to the Trustees of Highlights Productions

Year Ended 31 March 2025

I report to the trustees on my examination of the financial statements of Highlights Productions ('the charity') for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the 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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 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 financial statements have not been prepared in accordance with the methods and 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 (FRS 102).

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.

Jane Ascroft FCA MA (Cantab) Independent Examiner

Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT

3 October 2025

Highlights Productions

Statement of Financial Activities

(including income and expenditure account)

Year Ended 31 March 2025

	2025			2024
	Unrestricted funds	Restricted funds	Total funds	Total funds
Note	£	£	£	£

Income and endowments

Donations and legacies	5	156,009	110,530	266,539	305,262
Charitable activities	6	76,322	–	76,322	67,972
Investment income	7	4,257	–	4,257	4,644
		---------	---------	---------	---------
Total income		236,588	110,530	347,118	377,878
		---------	---------	---------	---------

Expenditure

Expenditure on charitable activities	8,9	264,825	117,771	382,596	382,133
		---------	---------	---------	---------
Total expenditure		264,825	117,771	382,596	382,133
		---------	---------	---------	---------

	---------	---------	---------	---------
Net expenditure	( 28,237)	( 7,241)	( 35,478)	( 4,255)
	---------	---------	---------	---------

Transfers between funds	1,848	(1,848)	–	–

	---------	---------	---------	---------
Net movement in funds	( 26,389)	( 9,089)	( 35,478)	( 4,255)

Reconciliation of funds

Total funds brought forward	168,558	22,680	191,238	195,493
	---------	---------	---------	---------
Total funds carried forward	142,169	13,591	155,760	191,238
	---------	---------	---------	---------

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Highlights Productions

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed Assets

Tangible fixed assets	16	2,778	3,541

Current Assets

Debtors	17	8,121	34,266
Cash at bank and in hand		163,581	158,664
		---------	---------
		171,702	192,930

Creditors: amounts falling due within one year	18	18,720	5,233
		---------	---------
Net Current Assets		152,982	187,697
		---------	---------
Total Assets Less Current Liabilities		155,760	191,238
		---------	---------
Net Assets		155,760	191,238
		---------	---------

Funds of the Charity

Restricted funds		13,591	22,680
Unrestricted funds		142,169	168,558
		---------	---------
Total charity funds	20	155,760	191,238
		---------	---------

For the 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 company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on 3 October 2025 , and are signed on behalf of the board by:

Ms C Hardy
Trustee

Highlights Productions

Notes to the Financial Statements

Year Ended 31 March 2025

1. General Information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Market Cross Cabin, New Road, Brough, Kirkby Stephen, Cumbria, CA17 4AS.

2. Statement of Compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

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

Going Concern

There are no material uncertainties about the charity’s ability to continue .

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting these financial statements.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. Investment income is included when receivable. Income from charitable trading activity is accounted for when earned. Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.

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.

Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Equipment	-	Over 3 years reducing balance

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

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.

Defined Contribution Plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.

Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Taxation

The company 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 company 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.

4. Limited by Guarantee

The liability of the members is limited. Every member of the charity undertakes to contribute to the assets of the charity in the event of the organisation being wound up while he or she is a member, or within one year after he or she ceases to be a member, for payment of the debts and liabilities of the charity contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, but not exceeding £1.

5. Donations and Legacies

Unrestricted Funds	Restricted Funds	Total Funds 2025
£	£	£

Donations

Donations	983	–	983
Gift aid	–	–	–
Promoters' membership fees	3,325	–	3,325
Reimbursed expenses	800	–	800

Grants

ACE NPO Funds	120,694	12,000	132,694
ACE NPO Funds (AOW)	–	43,040	43,040
ACE HANDS	–	–	–
Bishop Auckland Town Hall	–	1,500	1,500
Live Borders	–	1,650	1,650
Cheshire West & Chester Council	–	1,300	1,300
Durham County Council	–	–	–
Kirkgate Arts	–	4,000	4,000
Northumberland CC	8,748	–	8,748
Community Foundation Tyne & Wear	–	–	–
Rural Arts	–	4,275	4,275
Westmorland & Furness Council	14,500	600	15,100
Spot On	–	1,350	1,350
Cumbria Community Foundation	–	1,000	1,000
CRTA	–	1,600	1,600
The Place	6,000	38,215	44,215
Culture Recovery Fund	–	–	–
Other grants	959	–	959
	---------	---------	---------
	156,009	110,530	266,539
	---------	---------	---------

Unrestricted Funds	Restricted Funds	Total Funds 2024
£	£	£

Donations

Donations	707	–	707
Gift aid	65	–	65
Promoters' membership fees	3,440	–	3,440
Reimbursed expenses	1,519	11,289	12,808

Grants

ACE NPO Funds	120,694	12,000	132,694
ACE NPO Funds (AOW)	–	43,040	43,040
ACE HANDS	–	4,937	4,937
Bishop Auckland Town Hall	–	–	–
Live Borders	–	–	–
Cheshire West & Chester Council	–	–	–
Durham County Council	9,374	–	9,374
Kirkgate Arts	–	–	–
Northumberland CC	8,748	–	8,748
Community Foundation Tyne & Wear	–	3,080	3,080
Rural Arts	–	–	–
Westmorland & Furness Council	14,500	600	15,100
Spot On	–	–	–
Cumbria Community Foundation	–	–	–
CRTA	–	–	–
The Place	6,000	41,476	47,476
Culture Recovery Fund	22,500	–	22,500
Other grants	1,293	–	1,293
	---------	---------	---------
	188,840	116,422	305,262
	---------	---------	---------

6. Charitable Activities

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Workshop income	6,177	–	6,177
Ticket sales	70,145	–	70,145
	--------	----	--------
	76,322	–	76,322
	--------	----	--------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Workshop income	6,450	–	6,450
Ticket sales	59,230	2,292	61,522
	--------	-------	--------
	65,680	2,292	67,972
	--------	-------	--------

7. Investment Income

	Unrestricted Funds	Total Funds 2025	Unrestricted Funds	Total Funds 2024
	£	£	£	£
Bank interest receivable	4,257	4,257	4,644	4,644
	-------	-------	-------	-------

8. Expenditure on Charitable Activities by Fund Type

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Performance costs	117,770	54,442	172,212
Staff costs	121,674	15,999	137,673
Administration	8,438	106	8,544
Marketing and advertising	6,736	38	6,774
Grants payable	–	43,640	43,640
Premises costs	6,854	–	6,854
Depreciation	927	–	927
Legal and professional fees	2,426	3,546	5,972
	---------	---------	---------
	264,825	117,771	382,596
	---------	---------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Performance costs	97,025	54,460	151,485
Staff costs	121,377	16,700	138,077
Administration	6,704	2,658	9,362
Marketing and advertising	12,062	7,173	19,235
Grants payable	–	52,000	52,000
Premises costs	6,424	–	6,424
Depreciation	1,176	–	1,176
Legal and professional fees	2,344	2,030	4,374
	---------	---------	---------
	247,112	135,021	382,133
	---------	---------	---------

9. Expenditure on Charitable Activities by Activity Type

	Activities undertaken directly	Grant funding of activities	Total funds 2025	Total fund 2024
	£	£	£	£
Performance costs	172,212	–	172,212	151,485
Staff costs	137,673	–	137,673	138,077
Administration	8,544	–	8,544	9,362
Marketing and advertising	6,774	–	6,774	19,235
Grants payable	–	43,640	43,640	52,000
Premises costs	6,854	–	6,854	6,424
Depreciation	927	–	927	1,176
Legal and professional fees	5,972	–	5,972	4,374
	---------	--------	---------	---------
	338,956	43,640	382,596	382,133
	---------	--------	---------	---------

10. Analysis of Grants

	2025	2024
	£	£

Grants to Institutions

Arts Out West	43,040	43,040
Heron Theatre	600	600
HANDS Legacy Bursaries	–	8,360
	--------	--------
	43,640	52,000
	--------	--------
Total grants	43,640	52,000
	--------	--------

11. Net Expenditure

Net expenditure is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible fixed assets	927	1,176
	----	-------

12. Independent Examination Fees

	2025	2024
	£	£

Fees payable to the independent examiner for:

Independent examination of the financial statements	960	990
	----	----

13. Staff Costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	122,750	121,039
Social security costs	4,513	4,172
Employer contributions to pension plans	4,910	3,631
	---------	---------
	132,173	128,842
	---------	---------

The average head count of employees during the year was 6 (2024: 6 ). The average number of full-time equivalent employees during the year is analysed as follows:

	2025	2024
	No.	No.
Direct staff	4	4
Admin and office staff	2	2
	----	----
	6	6
	----	----

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £48,221 (2024:£45,465).

14. Trustee Remuneration and Expenses

No remuneration directly or indirectly out of the funds of the charity was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.

Four trustees were reimbursed a total of £215 for travel expenses in the year (2024 - One trustee reimbursed a total of £129).

15. Transfers Between Funds

During the year £1,848 was transferred from restricted to unrestricted funds. This was used to cover some of the internal costs involved with the admin of the project.

16. Tangible Fixed Assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 April 2024	9,288	20,766	30,054
Additions	–	164	164
	-------	--------	--------
At 31 March 2025	9,288	20,930	30,218
	-------	--------	--------
Depreciation
At 1 April 2024	9,102	17,411	26,513
Charge for the year	47	880	927
	-------	--------	--------
At 31 March 2025	9,149	18,291	27,440
	-------	--------	--------
Carrying amount
At 31 March 2025	139	2,639	2,778
	-------	--------	--------
At 31 March 2024	186	3,355	3,541
	-------	--------	--------

17. Debtors

	2025	2024
	£	£
Trade debtors	8,121	28,793
Other debtors	–	5,473
	-------	--------
	8,121	34,266
	-------	--------

18. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	14,818	218
Accruals and deferred income	900	2,114
Social security and other taxes	2,183	2,182
Pension creditor	819	719
	--------	-------
	18,720	5,233
	--------	-------

19. Pensions and Other Post Retirement Benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 4,910 (2024: £ 3,631 ).

20. Analysis of Charitable Funds

Unrestricted funds

	At 1 April 2024	Income	Expenditure	Transfers	At 31 March 2025
	£	£	£	£	£
General reserves	111,147	236,588	(262,528)	34,184	119,391
Fixed asset reserves	3,541	–	(927)	164	2,778
CRM	–	–	–	–	–
Fundraising support	–	–	–	–	–
Potential office move	162	–	(162)	–	–
IT development	1,000	–	(1,000)	–	–
Creative Eng - Secondary school	208	–	(208)	–	–
Commissioning pot	20,000	–	–	–	20,000
Staffing budget	10,000	–	–	(10,000)	–
Culture Recovery Fund	22,500	–	–	(22,500)	–
	---------	---------	---------	--------	---------
	168,558	236,588	(264,825)	1,848	142,169
	---------	---------	---------	--------	---------

	At 1 April 2023	Income	Expenditure	Transfers	At 31 March 2024
	£	£	£	£	£
General reserves	107,039	236,664	(241,806)	9,250	111,147
Fixed asset reserves	4,717	–	(1,176)	–	3,541
CRM	3,000	–	–	(3,000)	–
Fundraising support	1,400	–	–	(1,400)	–
Potential office move	2,000	–	(1,838)	–	162
IT development	1,000	–	–	–	1,000
Creative Eng - Secondary school	2,500	–	(2,292)	–	208
Commissioning pot	20,000	–	–	–	20,000
Staffing budget	10,000	–	–	–	10,000
Culture Recovery Fund	–	22,500	–	–	22,500
	---------	---------	---------	-------	---------
	151,656	259,164	(247,112)	4,850	168,558
	---------	---------	---------	-------	---------

Restricted funds

	At 1 April 2024	Income	Expenditure	Transfers	At 31 March 2025
	£	£	£	£	£
HANDS	1,848	–	–	(1,848)	–
Arts Out West	–	43,640	(43,640)	–	–
Participate	8,451	13,000	(13,931)	–	7,520
RTDI	12,381	53,890	(60,200)	–	6,071
	--------	---------	---------	-------	--------
	22,680	110,530	(117,771)	(1,848)	13,591
	--------	---------	---------	-------	--------

	At 1 April 2023	Income	Expenditure	Transfers	At 31 March 2024
	£	£	£	£	£
HANDS	25,263	4,937	(26,982)	(1,370)	1,848
Arts Out West	–	43,640	(43,640)	–	–
Participate	12,810	17,372	(18,251)	(3,480)	8,451
RTDI	5,764	52,765	(46,148)	–	12,381
	--------	---------	---------	-------	--------
	43,837	118,714	(135,021)	(4,850)	22,680
	--------	---------	---------	-------	--------

21. Analysis of Net Assets Between Funds

	Unrestricted Funds	Restricted Funds	Total Funds 2025
	£	£	£
Tangible fixed assets	2,778	–	2,778
Current assets	158,111	13,591	171,702
Creditors less than 1 year	(18,720)	–	(18,720)
	---------	--------	---------
Net assets	142,169	13,591	155,760
	---------	--------	---------

	Unrestricted Funds	Restricted Funds	Total Funds 2024
	£	£	£
Tangible fixed assets	3,541	–	3,541
Current assets	170,250	22,680	192,930
Creditors less than 1 year	(5,233)	–	(5,233)
	---------	--------	---------
Net assets	168,558	22,680	191,238
	---------	--------	---------