Finance Score: -6

Governance Score: 6

Support Score: 9

Poor Liquidity: -1
Deficit on unrestricted reserves: -2
Strong growth: +2
Deficit latest year: -2
Fundraising costs high: -3

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +9

Overall GiG Score: 9

THE FACTORY OF CREATIVITY

The Factory of Creativity is the Charity name for Hope Mill Theatre which is a small independent theatre based in a grade 2 cotton mill in Ancoats, Manchester which is an area of social deprivation. Hope Mill hopes to grow, letting in new voices and expertise, new ways to support staff, and make the theatre more financially sustainable, develop ways to nurture skills in local people, young and old

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
There was a deficit on unrestricted reserves of £40,721 at the last year end after deducting the value of own use assets
Income was lower than spending in the latest year
Fundraising costs are high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£1,286	£1,455	£-170	£232	£22	£-41	-0.3	19	30
31/03/22		£1,427	£1,324	£103	£32	£192	£184	1.7	9	20
31/03/21		£589	£545	£44	£0	£81	£78	1.7	12	10
31/03/20	*	£269	£232	£37	n/a	n/a	n/a	n/a	n/a	6

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Financial Ratios

Fundraising Costs/Relevant Income: 26.6%
Fundraising Costs/Total Spending: 15.9%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 95%
Liabilities/Income: 31%
Unrestricted Funds/Total Funds: -189%
Reserves/Spending: -0.3 months
Net Current Assets/Spending: 1 months
Quick Ratio: 0.3

Asset Split ?

Established: 5 years

hopemilltheatre.co.uk

Enquiries@hopemilltheatre.co.uk

01612759141

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Performing and visual arts

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Lancashire, Manchester City,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

19 employees
30 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£269,466
Andrew Lloyd Webber Foundation	£30,000
Garfield Weston Foundation	£20,000
The Foyle Foundation	£15,000

Specific Donations

Amount	When Months	To be used for
Manchester Pride - Turn On Fest 2024
£1,000	14/07/2023	Established in 2019, Turn On Fest is theatre and performance festival, with work produced by LGBTQIA+ people for LGBTQIA+ people. We will be able provide support across the festival including new ....more Established in 2019, Turn On Fest is theatre and performance festival, with work produced by LGBTQIA+ people for LGBTQIA+ people. We will be able provide support across the festival including new emerging queer writers who without this vital financial support would leave their stories left untold.
The Foyle Foundation - Arts
£15,000	29/11/2022	towards the new freelance Assistant Producer role for one year
Andrew Lloyd Webber Foundation - Grant to Factory of Creativity CIO (Hope Mill Theatre)
£30,000	10/11/2022	Outreach theatre programme
Garfield Weston Foundation - Main Grants award
£20,000	29/07/2022	Hope Mill Theatre's Community Programme
DCMS - Culture Recovery Fund: Emergency Resource Support
£237,600	28/10/2021	This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted ....more This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted all other options for increasing their resilience.
DCMS - Culture Recovery Fund: Continuity Support
£31,866	22/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

CAROLINE PINNEY Appointed: 2018

DARREN CARR Appointed: 2022

DENIS TREACY Appointed: 2022

EVE RILEY Appointed: 2022

JULIE MCCARTHY Appointed: 2022

KATHRYN MICHELLE GILLIBRAND Appointed: 2022

MARIO RENE DUBOIS Appointed: 2022

RACHEL MILLER Appointed: 2022

THOMAS KENT Appointed: 2019

DR PAUL MARTIN OBE Appointed: 2022, Other trusteeship: MANCHESTER LESBIAN AND GAY SWITCHBOARD SERVICES LIMITED,

Legal constitution

Charity registered in England & Wales on 03/05/2019, number: 1183251

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

4 returns made; AR20: 2 days late,

Main office

Hope Mill Theatre
113 Pollard Street
Manchester
M4 7JA

Objectives

A) TO ADVANCE PUBLIC APPRECIATION OF THE PERFORMING AND VISUAL ARTS (INCLUDING, DRAMA, MUSIC, DANCE AND ART) BY THE PRESENTATION OF PERFORMANCES AND EXHIBITIONS.B) TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE KNOWLEDGE, UNDERSTANDING AND APPRECIATION OF THE PERFORMING ARTS (INCLUDING, DRAMA, MUSIC AND DANCE,) IN PARTICULAR, BUT NOT EXCLUSIVELY, BY ENCOURAGING AND FACILITATING THE PRACTICE OF PERFORMING ARTS THROUGH PERFORMANCES AND EXHIBITIONS AND THE PROVISION OF WORKSHOPS AND INSIGHT OPPORTUNITIES.

Data Sources