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← Turtle Key Arts Centre Trust

2025-03-31-accounts

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ANNUAL REVIEW AND FINANCIAL STATEMENTS
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TURTLE KEY ARTS ANNUAL REVIEW

TURTLE KEY ARTS ANNUA
CONTENTS
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1. OBJECTIVES
2. REVIEW OF DEVELOPMENTS, ACTIVITIES & ACHIEVEMENTS OF THE TRUST
3. STRUCTURE, GOVERNANCE AND MANAGEMENT
4. STRATEGIC DEVELOPMENT
5. PARTICIPATION
6. COLLABORATING COMPANIES/PRODUCTION
7. ANNUAL REPORT AND FINANCIAL STATEMENTS
8. REPORT OF THE INDEPENDENT EXAMINER
9. NOTES TO THE FINANCIAL STATEMENTS
10. APPENDIX
11. OUR THANKS

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TURTLE KEY ARTS ANNUAL REVIEW

1. OBJECTIVES

2.

2. REVIEW OF DEVELOPMENTS, ACTIVITIES & ACHIEVEMENTS OF THE TRUST

1.

Turtle Key Arts produce and devise original and groundbreaking art to entertain and inspire; we believe that access to the arts helps improve the quality of life.

The main objective of the Trust as stated in the Trust Deed is the advancement of public education in the dramatic and visual arts with the object of improving the conditions of life for those persons who have need of such provision by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances.

The policies that have been adopted to further the objectives of the charity are: the provision of artistic activities for and the advancement of the work of young performers and artists with a particular focus on young disabled practitioners; and

the encouragement of new developments in the performing arts, in particular of dance, physical and visual theatre and collaborative work and the commitment to the professional production of this work.

“This year we were delighted to welcome two new members to the Turtle Key Arts team, our General Manager and the first of our Producer Mentees on an eighteen-month programme. This role has been made possible by our Trustees fund raising efforts. We are very grateful to everyone who donated and supported this scheme, both individuals and trusts and foundations. These additional staff members have really added value and support to the Turtle Key Arts team.

We entered this financial year with a strong programme, touring across the UK and many projects happening up and down the country.

The team at Turtle Key Arts worked very hard and diligently as always to make these productions and projects possible with their usual brand of care, dedication, joy and professionalism – bringing organisations, audiences, participants and communities together. We continued to strategically plan the next 3 years and as always, were well supported by our board and continue to be grateful for their enthusiasm and belief in our work.

We are particularly proud of the large sell out tour of Ockham’s Razor’s Tess, our collaboration with Polka, Leeds Playhouse and Bradford2025 of Asif Kahn’s play Sisters360 and of our new partnership with the V&A.

We were very saddened by the passing, in December 2024, of Wolfgang Stange, founder of Amici Dance Theatre Company, and one of our long-term collaborating creative partners and beloved friend who we had worked with and travelled the world with for the last 23 years. He was an inspirational person and a pioneer of inclusive practice, and his loss was felt very heavily by the whole team. We supported the company through this difficult phase and are now looking at a future without him, one that will ensure his legacy is preserved and the work can continue.

We are increasingly aware of the challenges facing our sector with funding, the cost-of-living crisis and rising costs. We are also aware of the plight of freelance artists and continue to advocate for fair pay and working conditions. These principles underpin the very foundations of Turtle Key Arts. We continue to lobby and listen - supporting our collaborating artists, partners and participants. As CEO I am determined for us to get our work into communities; to meet the challenges our industry faces as arts and culture are increasingly under pressure. I will continue to ensure that Turtle Key Arts makes a difference and has an impact.

“As I sit down to write this report I am amazed by how much Turtle Key Arts has achieved in the past year: the theatre companies under the Turtle Key Arts umbrella have developed new shows and taken old ones back on the road: award winning writer Asif Khan premiered his children’s show Sisters 360 at the Polka Theatre, Sadiq Ali Company began work on their contemporary circus show Tell Me and Ockham’s Razor’s Tess returned to tour nationally. Turtle Key Arts has also produced a broad range of community participation projects, including Turtle Opera, a music and drama project for autistic young people in collaboration with the Victoria and Albert Museum.

Turtle Key Arts’ staffing review and restructure has been of great benefit during these busy twelve months. In October, the company welcomed their new general manager. A point person in the office five days a week has proved a game changer. The Turtle Key Arts office is always a friendly and welcoming environment, but I am now particularly struck by the positivity, enthusiasm and efficiency of the team.

Turtle Key Arts also welcomed a new staff member this year – our first producer mentee. Nearly one hundred candidates applied for the job which proves how much demand there is for ‘starter’ positions in the arts.

The role is proving to be a great success. Our producer mentee, alongside CEO Alison King, will produce Our Time this Autumn, an ambitious new production by Amici, the pioneering dance company which integrates disabled and non-disabled artists and performers. Our Time will premiere at the Lyric Hammersmith and celebrate Amici’s 45th anniversary. The devised show celebrates the life of Wolfgang Stange, the inspired and inspiring choreographer who set up Amici in 1980 and who died in December. He will be hugely missed.

Like all arts companies at present, Turtle Key Arts faces challenges. With the Arts Council England review on hold, these are uncertain times for our collaborators, partners and participants. I am impressed by how Turtle Key Arts has countered this uncertainty with tenacity and optimism: they are building new relationships with funding bodies and private foundations; they are developing a growing network of generous private donors, who can see with their own eyes the powerful and important work that Turtle Key Arts carries out. However, there is always more to do, and our strategic aim for the next 18 months is to add a full-time development officer to the team so we can access an even broader range of audiences and participants.

Having had the pleasure of chairing the Turtle Key Arts board for two years now, I’d like to leave you with a couple of quotations from Wolfgang Stange, which I think sum up Turtle Key Arts and what they represent: “Well, don’t give up! Just because someone doesn’t respond to you… give them time” and… “The most important is the education of the heart; analyse with your brain, communicate with your heart”.

KATE BROOKE – CHAIR OF THE BOARD

In the words of Wolfgang “ Without hope we would be very lost indeed. Even with the tragic conflicts and wars going on, we must have hope, hope for a better future, and realise that acceptance of differences is our only salvation. ”

ALISON KING – CHIEF EXECUTIVE TURTLE KEY ARTS

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TURTLE KEY ARTS ANNUAL REVIEW

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2.
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In 2024...

our work 300 reached a LIVE AUDIENCE over 200 employed 100 13,0O0 + 736,022 on-line 250 FREELANCE ARTISTS

we had a

CORE TEAM of 6 full-time equivalent posts and 3 part-time

and we ran PRODUCED involved over 11 1,200 3 OUTREACH 17; i SHOWS il PROJECTS PARTICIPANTS with 56 performances with 229 workshops

Our mission statement remains consistent with the work we have carried out this year; TURTLE KEY ARTS UNLOCK CREATIVE POTENTIAL

Turtle Key Arts work with collaborating artists and companies to produce original new work; nurturing talent, developing skills and empowering companies and individuals to achieve their artistic goals. We encourage everyone we work with to share our founding ethos of making the arts accessible to all by embedding outreach and participation at the heart of everything we do.

Turtle Key Arts forge strong relationships and partnerships with arts and community organisations in the UK and internationally to bring high quality art to diverse audiences.

Turtle Key Arts remains a charitable trust, helping to fund many of the education and disability arts projects and continuing our policy of full disability access to all aspects of our work.

OUR WORK

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PRODUCE CREATE
NEW WORK EDUCATION AND
BY ARTISTS PARTICIPATION
PROJECTS
THEATRE DANCE CIRCUS AUTISM DISABILITY DEMENTIA YOUNG DYSLEXIA YOUNG
ARTS PEOPLE PEOPLE
WITH HIV
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ARTISTS AND PROJECTS ARE INTER-RELATED AND EACH INFORMS THE OTHER AND OFFERS OPTIONS FOR COLLABORATION.

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TURTLE KEY ARTS ANNUAL REVIEW
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OUR INCOME STREAM 2. TOTAL: £737,953 COLLABORATOR PUBLIC CHARITABLE INCOME 12% FUNDING 7% DONATIONS 61% Income earned by collaborating Funding raised from Public Funding raised from charitable companies from performance fees, Funds eg: Arts Council England foundations, trusts and box-office takings and workshop fees and local authorities individual giving FEE OTHER INCOME 15% INCOME 5% Income earned by TKA from Bank interest and cashback, production services, project theatre tax relief, project management, training and teaching expenses and gift aid OUR EXPENDITURE TOTAL: £700,253 86% 14%

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PROJECT AND CORE
PARTICIPATION
£599,898 £100,355
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3. STRUCTURE, GOVERNANCE AND MANAGEMENT

GOVERNING DOCUMENT The Charity is a Charitable Trust governed by a trust deed dated 29th May 1991 and amended on the 25th June 2015. The Trust is a registered charity, No. 1003113. Visit turtlekeyarts.org.uk/tka-board for more information about the trustees. 3.

RECRUITMENT AND APPOINTMENT OF TRUSTEES

New trustees are appointed on the recommendation of existing Trustees. The trustees who served for the financial period ending 31st March 2024 are:

Kate Lovegrove Chair Subathra Subramaniam Vice Chair Laura Barlow Treasurer Magdalen Wolloshin Trustee Charlotte Cunningham MBE Trustee ~~a~~ Pegram Harrison Trustee James Charrington Trustee Emma Bleasdale Trustee Graham McGrath Trustee Sarah Long Trustee Tor Burrows ~~a~~ Trustee (joined April 2024)

Each trustees’ role on the board is reviewed regularly and rotation is considered every 4 years.

OUR STRUCTURE

TRUSTEES

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Manager Production Producers Mentee Developmen t
Director Lead
Education Production Freelance
facilitators and marketing technicians,
and project
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RISK MANAGEMENT

The trustees conduct comprehensive reviews of the Charity’s activities, setting out major opportunities available to the Charity and the risks to which it is exposed. The trustees monitor our progress against the strategic objectives.

AMBASSADORS Sarah Long Ambassador for disability arts Amir Hosseinpour Ambassador for performing arts ~~a~~ Emma Hall Ambassador for theatre arts Anouskha Lucas Ambassador for music and performing arts

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TURTLE KEY ARTS ANNUAL REVIEW

4. STRATEGIC DEVELOPMENT

GOVERNANCE

Our board has continued to support the organisation in a year in which the arts have lacked stability and have been waiting for clarity from government and funding organisations. Kate Brooke continued as chair of the board and Subhatra Subramaniam stepped up to be vice chair. Tomas Nowacki stepped away from the board, and we were joined by Tor Burrows. The trustees met four times during the year; at the meetings they considered the ongoing governance and policies of the charity as well as the ability of the board to cover all necessary areas of importance for the work of Turtle Key Arts. The treasurer and trustees continued to assess the financial status of the trust and to ensure that it was secure and prudent in its operations and looking ahead to potential challenges in the future. The trustees reviewed all existing and new policies with particular attention to any new legislation. All trustees complete regular safeguarding training. Beyond the meetings, the trustees were regularly involved in specific strategy decisions, training, financial oversight and acting as Turtle Key Art’s representatives within their own online platforms and other forums.

FUNDRAISING

We have managed to raise sufficient funds from trusts and foundations in a challenging context to support specific areas of our work. The feedback from funders intimates they are keen on our continued engagement - we keep getting out there and running projects - and we feel that this is allowing us to still engage with the trustees who are assessing our applications.

We have continued to work on our feedback and reporting for the two Arts Council England National Portfolio Organisations (NPO’s) in our portfolio - Ockham’s Razor and Open Sky.

We have begun to advance work with our new software package - Donorfy - to engage with individual funders and to allow us to track funding from other sources. Our development committee has really engaged both trustees and some external consultants and has had great success in fundraising for our mentorship programme.

MARKETING AND PR

We created innovative marketing campaigns for several touring shows and have been developing effective methods to work more closely with touring venues especially utilising their extensive social media platforms by planning audience strategies together, creating bespoke content, Instagram take-overs and contributing to advertising and boosting budgets.

We have increased our online social media presence, especially on Instagram where we can reach a younger audience and have continued to tailor our social media output specifically to particular platforms and audiences.

DATA AND EVALUATION

collecting audience data through QR codes on online programmes. This also allows us to be a greener, less paper intensive company.

We continue to be a member of the Information Commissioners Office and are stringent about the data we gather.

We use project specific mobile phones to ensure there are no data issues for any freelance team members, and we include the issues around data and our participants as part of our training sessions. We have investigated new ways of

Evaluation continues to be an important part of all our work, and we strive to find new ways to both collect and present data in order to show our impact and provide the most useful information for our collaborators and supporters.

QUANTATIVE EVALUATION FROM TURTLE OPERA

(music and drama for young people on the autism spectrum).

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A
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Before session 1 After final session

5

4

1 I feel anxious/not very happy

3 2 1

3 I feel ok

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E
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B
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5 I feel happy/confident

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A Joining in the activities and taking part

B Asking for help if need to

C Mixing with others in the group

D Enjoying my time here and feeling safe and happy

C

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D
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E Coming to the group today

This gives us a clear picture of the impact the project has had on the young people. This diagram is a graph that combines the results from all of the participants in one specific project in the last year.

To monitor whether there is a change in how the young people feel at the beginning and end of a project, we ask each participant to fill in an ‘outcome star Turtle’ before they start our projects and at the end of the experience.

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OUR COLLABORATORS AND PARTICIPATION PROJECTS

We produced five collaborating performance companies this year and acted as consultants to a number of other projects. We have a tailored contracted relationship with each company to ensure we support them in the most constructive ways possible - building individual company resilience and expertise. Turtle Key Arts ensure these companies have access to opportunities which we help them attain, once they reach a level at which we feel they no longer need this help then we consider negotiating a transition for them to become an independently run company. This allows us to constantly discover new artists to support whilst maintaining relationships with previous collaborators.

Our outreach work, both through our companies and through stand-alone projects for specific groups, has once again shown how vital the arts are to a wide community. It has also strengthened our determination to keep reaching as many people as we can, given our resources and the increasing barriers many participants face.

We have worked with many new young artists and facilitators, giving them chances to build experience and to discover how they might continue their careers. From performers, musicians and workshop leaders as well as the young production assistants, we have continued to build ever widening circles of influence, ensuring that these young people will go on to create work which puts access and inclusion first. Each year we feel more acutely how vital these opportunities are for a new generation, and we equally benefit from their fresh ideas, energy and enthusiasm.

“My internship at Turtle Key Arts was my first foot in the door of the professional arts world. It was exactly the starting point I needed. I was immensely grateful for it at the time, but even more so now when I reflect on how lucky I was to first land in an environment guided by a firmly-held ethos and driven by heart and a collaborative spirit - with an eye for exceptional artistic practice.”

STUDENT PLACEMENT

INVOLVEMENT IN THE WIDER ARTS NETWORK, INTERNSHIPS AND PLACEMENTS

Our Chief Executive, Alison King, continued as chair of the National Centre for Circus Arts (NCCA) and the advisory board of the London International Mime Festival. Our Artistic Director, Charlotte Cunningham, is a trustee of the Abderrahim Crickmay Charitable Settlement which allows her an understanding of what it feels like on the other side of the funding relationship.

The Turtle Key Arts team delivered a Business Planning and Producing module for NCCA, a series of lectures on production for the BA students and a lecture on Education and Community for MA students at Mountview Academy of Theatre Arts and a Company Stage Management module at St Mary’s University, Twickenham.

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Alison King again took part in the Equity and ITC discussions on fair pay within the arts industry.

Our partnerships, particularly those with venues like our home at the Lyric Hammersmith Theatre and our partners – Kiln Theatre, Everyman Liverpool, St Hilda’s College Oxford and St Edwards Oxford as well as our long-term partnerships with English Touring Opera, Royal College of Music and CHIVA – continued to play a big part in allowing us to reach new audiences.

We continued with our paid internship programme and worked with another young producer from Mountview Academy of Theatre Arts and two other graduates who joined us in the office and on our projects. We also supported four work experience placements between the ages of 16 and 18.

SUMMARY

Turtle Key Arts and our collaborating companies have continued to produce high quality and varied work in a year that included many challenges for our team and partners. We have been joined by new team members who have energised our processes and brought new ideas and excitement about our future into our planning and strategies. With their help, we continue to look forward and to try to anticipate the changes for charities, arts organisations and future artists who we would like to support. As ever we are indebted to our many funders for making all our work, our livelihoods and our planning possible.

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“Turtle Key Arts have a long-standing reputation in their role as creative producers advancing participation in the arts by disabled, disadvantaged and socially excluded people”

DISABILITY ARTS

[YOUNG PEOPLE]

THEATRE BOX >

Theatre Box enlightens young people (KS3) about the variety of careers in the arts and encourages participants to take creative subjects at GCSE.

The young people work with professional designers and a drama practitioner to create a theatre model box and learn about the many roles needed to take a theatre production from page to stage. At the end of the project, the young people share their work and see all their ideas come together with a final sharing.

“ It gave me the opportunity to learn about stage design, lighting, sound, acting, directing and producing and I really enjoyed the experience.” PARTICIPANT

—_

[AUTISM]

< TURTLE OPERA

Turtle Opera is a music and drama project for autistic 11–15-year-olds, either meeting once a week for nine weeks, or as a one week intensive during school holidays, and culminating in a live performance for friends and family.

5. PARTICIPATION pe

In partnership with Oxford University and St Edwards School, the young people devised and created their own opera The Wingéd and we ran a half-term intensive with the Victoria and Albert Museum.

“ Turtle Opera has given my son opportunities for expressing himself, socialising, friendship and maturing he could not have found anywhere else.” PARENT OF PARTICIPANT

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“Key Club not only allows members to create great art and learn new skills, it also helps them to develop friendships and inspires confidence.”

THE LADY

[AUTISM]

KEY CLUB >

Key Club is a monthly arts and social club for 18–30-year-olds on the autism spectrum. The club meets once a month on a Saturday, each meeting consists of a two-hour creative arts workshop presented by professional artists, followed by a social break.

There are two clubs held at the Lyric Hammersmith Theatre and one at Kiln Theatre in Kilburn. This year Key Club Lyric worked on the theme of puppetry and Key Club Kiln focused on creative writing and spoken word.

“ I love coming to Key Club because we get to do something new, creative and fun each month!” KEY CLUB PARTICIPANT

[DISABILITY ARTS]

< JOY

JOY is a celebration of West London disabled artists and young people. Weekly creative workshops were run in seven local SEN schools culminating in a sharing that brought all the schools together at The Lyric Hammersmith Theatre for a visual art exhibition and performances in the Lyric Studio Theatre.

“ Great experience, good teamwork and lots of fun.” SEN TEACHER

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“Turtle Song was a musical performance of pure wonder and fun. I was so touched by the effort and love that the organisers of this event and the music students put into this performance.”

DAUGHTER OF A PARTICIPANT

[YOUNG PEOPLE]

CHIVA >

Turtle Key Arts and CHIVA (Children’s HIV Association) hosted a residential week at Sheffield University for young people living with HIV. The group worked with film, music, drama and design leaders to create stories, songs and animated scenes inspired by their journeys.

“ Everyone was very respectful and understanding, it felt like a safe space to talk freely. My magical moment is when we all shared a laugh together and felt like one big family” WORKSHOP PARTICIPANT

[DEMENTIA]

< TURTLE SONG

In collaboration with English Touring Opera and the Royal College of Music, Turtle Song is a singing and songwriting project for people living with dementia, their companions, carers and music students. The participants create a song cycle over the course of several weeks which culminates in a live performance for friends and family.

This year we ran Turtle Song in Liverpool, London, Oxford and Bishop Auckland.

“ Thank you for bringing joy to my Mum, for accepting her just as she is and for making her truly happy.” DAUGHTER OF PARTICIPANT

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“Turtle Key Arts promote many initiatives and implement a series of measures to engage with the most vulnerable and disadvantaged parts of society.”

EVERYTHING THEATRE

YOUNG AMICI >

A dance company for young disabled and nondisabled dancers who meet weekly during termtime at the Lyric Hammersmith Theatre.

Young Amici continued their weekly workshops, took part in Dance Together – dance workshops in local SEN schools – and ran a free week-long Summer School with professional dancers for over forty participants.

“ It was a very special opportunity for our pupils to explore new activities within new spaces and feel included in their local community.” SEN SCHOOL TEACHER

< AIK PRODUCTIONS

An award-winning theatre-making company producing new, high-quality theatre specialising in stories and voices from minority backgrounds.

6. COLLABORATING COMPANIES/PRODUCTION We continued to produce our portfolio of groundbreaking performing arts companies.

In a partnership between Turtle Key Arts, The Polka, Leeds Playhouse and Bradford 2025 they created and toured a new show Sisters360, about two young hijabwearing skateboarders. It will go on an extensive UK tour in 2026.

“ Sisters 360 is a new piece of writing from Asif Khan, an upbeat, energetic production and a great example of giving visibility to an underrepresented, marginalised group.” EVERYTHING THEATRE

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“What some might see as disabilities, Stange sees as traits to be harnessed and used, few artists make a real difference. Stange has.”

THE OBSERVER

AMICI DANCE THEATRE COMPANY >

Amici Dance Theatre Company, a fully inclusive company continued with their weekly classes and took their work into local SEN schools as part of Dance Together.

They also began the creation of their 45th anniversary show Our Time, the life story of their founder Wolfgang Stange, who sadly passed away in December 2024, the company opted to honour his legacy by continuing the work that he had started with them towards a main stage production at Lyric Hammersmith Theatre.

“ Amici are totally and utterly inspiring” THE GUARDIAN

< SADIQ ALI COMPANY

The company went through an extensive organisational development, and their awardwinning debut show The Chosen Haram continued to tour internationally.

Initial R&D took place for the follow-up show Tell Me, about the stigma of HIV, which will be adapted for both outdoor and indoor spaces.

“ Elevates a boy meets-boy love story into something dream-like” THE GUARDIAN

“ Beautiful story, beautifully told” THE STAGE

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“Ockham’s Razor use their superhuman physical skills to illustrate drama and emotion in storytelling.”

THE TIMES

OCKHAM’S RAZOR >

The UK’s leading circus company continued to tour their new show Tess, a circus adaptation of Thomas Hardy’s Tess of the D’Urbervilles.

They also continued to R&D Joyride, a collaboration with Oily Cart and began R&D of a new show Collaborator, a duet featuring Artistic Directors Charlotte and Alex.

The artistic directors continued lecturing, teaching and supporting companies and artists with mentoring and directing support.

“ full of joy, wonder and delight, a highly original interpretation.”

THE GUARDIAN

“ ingenious, an inspired adaptation” THE STAGE

< OPEN SKY THEATRE

Open Sky Theatre screened Micro Plays 2, a series of short films by diverse writers, at The Barbican, several of which featured in international film festivals including the BFI Flare Festival. They were commissioned to make, The Last Show, a documentary about the impact and legacy of the London International Mime Festival and began R&D in Norway of a new show idea called The Celebrant.

“ Open Sky’s award-winning homage to the legendary London International Mine Festival isn’t just a love letter to visual theatre – it’s a rallying cry for innovation and artistry. A must-watch for anyone passionate about theatre, film or storytelling.”

MADE IN SHOREDITCH

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7. ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31ST MARCH 2025

REGISTERED CHARITY NAME: Turtle Key Arts Centre Trust CHARITY NUMBER: 1003113 ADMINISTRATIVE ADDRESS: Turtle Key Arts Lyric Hammersmith 7.

AMBASSADORS:

Sarah Long (Disability Arts)

Amir Hosseinpour (Performing Arts) Emma Hall (Theatre Arts)

Anouskha Lucas (Music and Performing Arts)

ADMINISTRATIVE ADDRESS: Turtle Key Arts Lyric Hammersmith Lyric Square King Street London W6 0QL

BANKERS:

Lloyds TSB

Fenchurch Street Branch 72 Fenchurch Street London EC3P 3EH

INDEPENDENT EXAMINER:

Bright Grahame Murray

TRUSTEES:

Emperor’s Gate 114a Cromwell Road Kensington London SW7 4AG

Kate Brooke (Chair) Subartha Subramaniam (Vice chair)

Laura Barlow (Treasurer) Charlotte Cunningham MBE Pegram Harrison Magdalen Wolloshin James Charrington Emma Bleasdale Graham McGrath Sarah Long Tor Burrows (appointed 24th June 2024)

SOLICITORS:

Pothecary Witham Weld Solicitors

70 St. George’s Square London SW1V 3RD

WEBSITE:

www.turtlekeyarts.org.uk

The trustees present their annual report and financial statements of the charity for the year ended 31st March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed (dated 29th May 1991), the Charities Act 2011, and the 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) issued in October 2019.

STRUCTURE, GOVERNANCE • Compliance and governance: The risk AND MANAGEMENT of failing to meet legal and regulatory

GOVERNING DOCUMENT

Safeguarding and reputation: The risk of harm to beneficiaries or damage to the charity’s reputation. Safeguarding policies are in place and reviewed annually, and staff and volunteers receive appropriate training.

Operational risks: Risks associated with service delivery, including staff and volunteer capacity. The trustees monitor staffing levels and invest in training and support.

RECRUITMENT AND APPOINTMENT OF TRUSTEES

New trustees are appointed on the recommendation of existing Trustees. The trustees who served for the financial period ending 31st March 2025 are listed on the attached schedule. Each trustee’s role on the board is reviewed regularly.

The trustees continue to monitor these and other risks, and review the risk register at least annually to ensure that appropriate controls and mitigation strategies are in place.

The process for selecting Trustees is intended to enhance the Board’s existing skills and expertise, and is guided by an informal assessment of required competencies. Trustee appointments follow a formal procedure that includes selection, induction, and training. This process requires new Trustees to declare their eligibility, disclose any potential conflicts of interest, adhere to a code of conduct, and participate in training.

ORGANISATION STRUCTURE

A board of trustees is responsible for the policies, planning, direction and organisation of the charity.

The day-to-day operations of the charity are run by a Chief Executive and Artistic Director with the support of a Marketing and Production Director, a Finance Director, a Senior Producer, a Producer mentee, a General Manager and an Autism Project Development Lead. The charity also employs a dementia consultant on a one day per week basis and contracts project leaders/ production managers to run specific projects.

RISK MANAGEMENT

The trustees conduct quarterly reviews of the Charity’s activities, setting out opportunities available to the Charity and the risks to which it is exposed. The trustees monitor progress against the strategic objectives.

GROUP STRUCTURE AND KEY RELATIONSHIPS

The charity has a wholly owned subsidiary, Turtle Key Productions Limited, which is incorporated in the UK. The subsidiary creates theatre productions.

PRINCIPAL RISKS AND UNCERTAINTIES

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to manage those risks. The principal risks identified during the year include:

The charity supports emerging performing artists and companies and developing innovative outreach projects, often working with partners such as English Touring Opera, Royal College of Music, National Portrait Gallery, Victoria and Albert Museum, Lyric Theatre Hammersmith and various universities. Its work includes both creative production and promoting access to the arts for all.

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7. ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31ST MARCH 2025

RESERVES POLICY

The trustees aim to maintain unrestricted reserves at a level sufficient to ensure the charity can continue its activities and meet its obligations in the event of unforeseen circumstances. The target level of unrestricted reserves is reviewed annually and is set to cover at least ten weeks of core operating costs, including staff, premises, and essential services.

NATURE OF FUNDS

UNRESTRICTED FUND

This fund is used predominantly to cover the administration costs of the charity including staff costs, marketing and fundraising expenses.

RESTRICTED FUND : PARTICIPATION AND DISABILITY ARTS FUND

This fund is made up of all the donations towards the participation work carried out with community groups, people with dementia, young people with Autism Spectrum conditions, young people with HIV and people with disabilities and is spent directly in relation to these projects.

RESTRICTED FUND: COLLABORATORS’ FUNDS

Restricted funds also include collaborators’ project funds (payments and donations) where these are managed by the charity on behalf of performing artists and companies.

The trustees ensure that restricted funds are only applied to the purposes specified by the funder and monitor the use and balance of these funds to ensure compliance with donor requirements.

GOING CONCERN

The trustees consider that the Charity has adequate resources available to be able to continue to fund the activities of the Charity for the foreseeable future.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the Trustees are required to:-

The Trustees were responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the application Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. They were also responsible for safeguarding the assets of the charity and hence took reasonable steps for the prevention and detection of fraud and other irregularities.

C. CUNNINGHAM Trustee

L. BARLOW Trustee

Approved on: 12/01/2026

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TURTLE KEY ARTS ANNUAL REVIEW

8. REPORT OF THE INDEPENDENT EXAMINER

TO THE TRUSTEES OF TURTLE KEY ARTS CENTRE TRUST FOR THE PERIOD ENDED 31ST MARCH 2025 I report on the accounts of the charity for the period ended 31 March 2025 set out on pages 34 to 55. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER 8.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER As the charity's trustees, you are responsible for the preparation of the accounts in accordance with therequirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commissioner. 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

The charity’s gross income exceeded £250,000 and I confirm that I am qualified to undertake the examination by being a qualified member of the ICAEW.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

au Davis P l

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST MARCH 2025

INCOME AND EXPENDITURE

Unrestricted
Funds
Notes
£
INCOMING RESOURCES
Donations and grants
Voluntary income towards core
214,680
Grant income: Collaborators projects
-
Grant income: Participation projects
-
Total donations and grants
2a
214,680
Other Income
2c
8,576
Income from charitable activities:
3
Collaborators project income
-
Participation project income
-
Production & Participation management fees
113,359
Total income
336,615
RESOURCES EXPENDED
Expenditure on charitable activities:
Collaborator projects
141,484
Participation projects
143,744
Governance and other operating costs
100,335
Total expenditure
4
385,563
NET INCOMING RESOURCES
BEFORE TRANSFERS
(48,948)
Transfer between funds
-
Net income and net movement
in funds for the year
(48,948)
Reconciliation of funds
Total funds brought forward
241,990
Total funds carried forward
8/9a
193,042		 Restricted
Total Funds Total Funds
Funds
2025
2024
£
£
£
20,175
234,855
238,443
100,788
100,788
166,167
163,433
163,433
177,800
284,396
499,076
582,410
20,211
28,787
27,802
89,952
89,952
147,510
6,779
6,779
6,541
-
113,359
115,243
401,338
737,953
879,506
152,660
294,144
347,126
162,030
305,774
347,578
-
100,335
102,536
314,690
700,253
797,240
86,648
37,700
82,266
-
-
-
86,648
37,700
82,266
228,569
470,559
388,293
315,217
508,259
470,559

Paul Davis BFP FCA Independent Examiner

Bright Grahame Murray, Chartered Accountants Emperor’s Gate 114a Cromwell Road, Kensington London, SW7 4AG

Date: 12/01/2026

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TURTLE KEY ARTS ANNUAL REVIEW

8. REPORT OF THE INDEPENDENT EXAMINER

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST MARCH 2025

INCOME AND EXPENDITURE - COMPARATIVE (2024)

Unrestricted
Funds
Notes
£
INCOMING RESOURCES
Donations and grants
Voluntary income towards core
238,443
Grant income: Collaborators projects
Grant income: Participation projects
-

Total donations and grants
2a
238,443
Other Income
2c
27,802
Income from charitable activities:
3
Collaborators project income
-
Participation project income
-
Production & Participation management fees
115,243
Total income
3
381,488
RESOURCES EXPENDED
Expenditure on charitable activities:
Collaborator projects
86,914
Participation projects
171,777
Governance and other operating costs
102,536
Total expenditure
4
361,227
NET INCOMING RESOURCES/(DEFICIT)
BEFORE TRANSFERS
20,261
Transfer between funds
-
Net income/(defcit) and net movement
in funds for the year
Reconciliation of funds
20,261
Total funds brought forward
221,729
Total funds carried forward
8/9a
241,990		 Restricted
Total Funds
Funds
2024
£
£
-
238,443
166,167
166,167
177,800
177,800
343,967
582,410
-
27,802
147,510
147,510
6,541
6,541
-
115,243
498,018
879,506
260,212
347,126
175,801
347,578
-
102,536
436,013
797,240
62,005
82,266
-
-
62,005
82,266
166,564
388,293
228,569
470,559

BALANCE SHEET AT 31 MARCH 2025

THE GROUP (TURTLE KEY ARTS CENTRE TRUST & TURTLE KEY PRODUCTIONS LIMITED)

Notes
CURRENT ASSETS
Debtors
6
Cash at bank and in hand
Creditors: Amounts falling due withinone year
7
NET CURRENT ASSETS
NET ASSETS
The funds of the charity:
9
Unrestricted funds
Restricted funds
TOTAL CHARITY FUNDS		 2025
£
£
47,041
479,814
526,855
18,596
508,259
508,259
193,042
315,217
508,259		 2024
£
£
69,509
418,752
488,261
17,702
470,559
470,559
241,990
228,569
470,559		 2024
£
£
69,509
418,752
488,261
17,702
470,559
470,559
241,990
228,569
470,559
470,559
241,990
228,569
470,559

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TURTLE KEY ARTS ANNUAL REVIEW

8. REPORT OF THE INDEPENDENT EXAMINER

BALANCE SHEET AT 31 MARCH 2025

CONSOLIDATED CASH FLOW STATEMENT AT MARCH 2025

THE COMPANY (TURTLE KEY ARTS CENTRE TRUST)

2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 10 1 1
CURRENT ASSETS
Debtors 6 31,830 69,508
Cash at bank and in hand 479,814 418,754
511,644 488,252
Creditors: Amounts falling due within one year 7 94,267 56,825
NET CURRENT ASSETS 417,377 431,437
NET ASSETS 417,378 431,438
The funds of the charity: 9
Unrestricted funds 213,217 241,990
Restricted funds 204,161 189,447
TOTAL FUNDS 417,378 431,437
2025 2024
£ £
NET INCOME FOR THE YEAR 37,700 82,266
Adjusted for:
Decrease/(increase) in debtors 22,468 (19,046)
Increase/(decrease) in creditors 894 (12,051)
NET CASH PROVIDED BY OPERATING ACTIVITIES 61,062 51,169
CASH AND CASH EQUIVALENTS
As at 1st April 2024 418,752 367,583
Net cash provided by operating activities 61,062 51,169
AS AT 31ST MARCH 2025 479,814 418,752

The financial statements were approved by the trustees on 12/01/2026 and signed on their behalf by:

~~Low Barer (CECE (ee~~ L. BARLOW C. CUNNINGHAM Trustee Trustee

Approved on: 12/01/2026

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TURTLE KEY ARTS ANNUAL REVIEW

9. NOTES TO THE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

STATEMENTS 9.

1. ACCOUNTING POLICIES

BASIS OF PREPARATION OF FINANCIAL STATEMENTS 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 (FRS 102) (Effective 1 January 2019) - (Charities SORP (FRS 102)) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

CONSOLIDATED FINANCIAL STATEMENTS

Consolidated financial statements (“group accounts”) have been prepared for the charity and its wholly owned subsidiary. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

As the charity is unincorporated, there is no requirement to present a separate unconsolidated Statement of Financial Activities (SOFA) for the parent charity. The consolidated financial statements include the results of the parent charity and its wholly owned subsidiary in accordance with Charities SORP (FRS 102).

The consolidated financial statements include the results of the parent charity and its wholly owned subsidiary. The surplus/ (deficit) for the financial year attributable to the parent charity was £14,059 deficit (2024: £88,030 surplus).

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a

going concern. There are no material uncertainties affecting the current year’s accounts.

The charity is a public benefit entity as defined entity under FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

INCOME AND EXPENDITURE

All incoming resources are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.

The Charity’s income is allocated as it comes into the charity between voluntary income for core, voluntary income for participation projects or voluntary income for the artists and performing companies – collaborators’, this is made up of grants and donations.

Where there are terms or conditions attached to incoming resources, particularly grants, then these terms or conditions must be met before the income is recognised as the entitlement condition will not be satisfied until that point. Where terms or conditions have not been met or uncertainty exists as to whether they can be met then the relevant income is not recognised in the year but deferred and shown on the balance sheet as deferred income.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to each category of expense shown in the Statement of Financial Activities. Expenditure is recognised when the following criteria are met:

• the amount of the obligation can be measured or estimated reliably.

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Expenditure on charitable activities

comprises all expenditure relating directly to the charitable objects. Support costs and consultants fees are allocated to the activity cost categories on a basis consistent with the use of the resource.

Support costs are those costs which do not relate directly to a single activity. These include some staff costs, costs of administration, and professional fees. Support costs have been apportioned between activities on an appropriate basis.

Governance costs include those costs incurred in the governance of the charity and are primarily associated with constitutional compliance and statutory requirements. Overheads are the costs of running the charity not attributable to specific projects.

VOLUNTEERS

In accordance with the Charities SORP (FRS 102), the value of time contributed by volunteers is not recognised in the financial statements.

FUND ACCOUNTING

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Allocated reserves are set aside out of unrestricted funds by the Board of Trustees to ensure the charity can continue its activities and meet its obligations in the event of unforeseen circumstances.

Restricted funds are funds that can only be used for restricted purposes within the objects of the Charity. Restrictions arise

when specified by the donor or when funds are raised for particular restricted purposes. Income arising from contracts for the supply of services is restricted when the contract requires income arising to be applied to a particular purpose in a manner substantially similar to restricted donations.

TAXATION

The Trust is a registered charity and is exempt from Income and Corporation Taxes.

GIFTS IN KIND

Gift in kind income in the accounts represents donated services. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity. This represents the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market. A corresponding amount is then recognised in expenditure in the period of receipt.

TANGIBLE FIXED ASSETS

Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis.

RESOURCES EXPENDED

Allocation of support and governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

Support costs relating to charitable activities have been apportioned based on the time and nature of the work undertaken in each respect. This allocation is analysed in note 4.

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TURTLE KEY ARTS ANNUAL REVIEW

9. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

2b. GRANTS

During the year, the Trust has reviewed the CASH AND CASH EQUIVALENTS allocation of staff time between project and Cash at bank and in hand is held to meet the central work and has updated the allocations to better reflect the actual use of staff time day to day running costs of the charity as they fall due. Cash equivalents are short term, during the year. highly liquid investments, usually in short notice interest bearing savings accounts.

DEBTORS

Debtors are amounts owed to the charity and are measured on the basis of their recoverable amount, and any conditions attached to their receivability.

CREDITORS

Creditors are amounts owed by the charity. They are measured at the amount that the charity expects to have to pay to settle the debt, as well as any relevant recognition conditions.

2a. DONATIONS INCOME

Unrestricted Restricted Total Total
Funds Funds 2025 2024
Notes £ £ £ £
Gift in kind – Consultants 51,275 - 51,275 51,170
Grants 2b. 159,042 255,825 414,867 498,426
Other Miscellaneous income:
Individual Giving (Appendix 1) 4,086 7,151 11,237 13,330
Gift Aid 277 1,245 1,522 1,582
Mentorship donations (Appendix 1) - 20,175 20,175 17,902
214,680 284,396 499,076 582,410
Unrestricted
Funds
£
Core grants
The Dillon Fund
32,000
The Clarence & Ann
Dunwalke Trust
61,542
Joseph Levy Grant
3,000
The Aurelia Foundation
62,500
The Redfern Trust
-
Collaboration project grants
Arts Council England
-
Abderrahim Crickmay Charitable Settlement
-
John Lyon’s Charity
-
The Foyle Foundation
-
Garrick Trust
-
The Ogden Trust
-
Made in Scotland
-
Young Hammersmith Foundation
-
Other
-
Participation project grants
Tesco Stronger Starts
-
Bishopdown Trust
-
BBC Children in Need
-
John Armitage Trust
-
Scouloudi
-
D’Oyly Carte
-
John Lyon’s Charity
-
King Charles III Charitable Fund
-
Pargiter’s Trust
-
Prospero
-
Pure Macleod
-
Hadrian Trust
-
Lord Farringdon Trust
-
Headley Trust
-
Hammersmith United Charities
-
Other
-
Total grant income
159,042		 Restricted
Funds
£
-
-
2,750
-
-
51,075
10,000
-
-
-
-
-
-
-
500
1,000
-
14,000
15,000
3,000
107,500
-
-
14,000
-
1,000
3,000
28,000
5,000
-
255,825		 Total
Total
2025
2024
£
£
32,000
32,000
61,562
57,959
5,750
-
62,500
62,500
-
2,000
51,075
30,000
10,000
-
-
41,000
-
25,000
-
2,500
-
2,470
-
11,000
-
5,000
-
49,197
500
-
1,000
-
-
10,000
14,000
6,000
15,000
15,000
3,000
-
107,500
80,500
-
2,000
-
2,500
14,000
14,000
-
14,000
1,000
-
3,000
3,000
28,000
28,000
5,000
-
-
2,800
414,867
498,426

Further analysis of the donations and grants income is in Appendix I.

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TURTLE KEY ARTS ANNUAL REVIEW

9. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

2c. OTHER INCOME
Unrestricted
Funds
£
Bank interest
8,576
Theatre Tax Relief
-
8,576		 Restricted
Funds
£
5,000
15,211
20,211		 Total
2025
£
13,576
15,211
28,787		 Total
2024
£
3,768
24,034
27,802

3a. ANALYSIS OF RESTRICTED INCOME

i
Restricted funds -
collaborators project income
Joy
Amici Integrated Theatre Co.
Young Amici
Red Cape
Ockham’s Razor
Oddly Moving
Open Sky
Sadiq Ali
AIK Productions
ii Restricted funds -
participation projects
Theatre Box
The Key Club (Hammersmith)
The Key Club (Kiln)
Turtle Song
Chiva
Turtle Opera
Mentorship Donations
Total restricted income		 Donations
Income
£
32,500
5,588
-
-
(954)
-
-
38,800
24,854
100,788
37,500
22,100
21,000
62,083
-
20,750
163,433
20,175
284,396		 Charitable
Activities
Income
£
-
14,423
8,548
4,326
19,480
-
9,150
34,025
-
89,952
400
349
150
-
3,908
1,972
6,779
-
96,731		 Other
Income
£
-
-
-
-
-
-
-
20,211
-
20,211
-
-
-
-
-
-
-
-
20,211		 Total
2025
£
32,500
20,011
8,548
4,326
18,526
-
9,150
93,036
24,854
210,951
37,900
22,449
21,150
62,083
3,908
22,722
170,212
20,175
401,338		 Total
2024
£
37,000
21,653
14,234
1,948
74,529
10,259
12,914
122,848
18,292
313,677
37,500
22,150
21,000
72,005
1,086
30,600
184,341
-
498,018

3b. ANALYSIS OF UNRESTRICTED INCOME FROM CHARITABLE ACTIVITIES

i
Management fees from Collaborators projects
Joy
Kill the Cat
Amici Integrated Theatre Co.
Young Amici
Red Cape
Ockham’s Razor
Oddly Moving
Open Sky
Sadiq Ali
Other charitable activities income
ii Management fees from Participation projects
Theatre Box
The Key Club (Hammersmith)
The Key Club (Kiln)
Turtle Song
Chiva
Turtle Opera
Key Words
Other charitable activities income
Total unrestricted income from charitable activities		 Chritable
Activities
Funds
£
6,500
-
4,000
4,000
1,500
38,750
-
10,500
6,500
4,389
76,139
13,750
4,800
4,525
8,000
1,500
2,500
-
2,145
37,220
113,359		 Total
Income
2025
£
6,500
-
4,000
4,000
1,500
38,750
-
10,500
6,500
4,389
76,139
13,750
4,800
4,525
8,000
1,500
2,500
-
2,145
37,220
113,359		 Total
Income
2024
£
1,500
500
3,640
4,000
350
37,000
500
9,000
12,000
12,611
81,101
7,300
4,600
4,000
8,083
-
3,000
1,850
5,309
34,142
115,243

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TURTLE KEY ARTS ANNUAL REVIEW

9. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

4a. RESOURCES EXPENDED

Charitable activities
Collaborators project expenses:
Joy
Oddly Moving
Amici
Young Amici
Red Cape
Ockham’s Razor
AIK Productions
Open Sky
Joli Vyann
Sadiq Ali
Other: salary gift-in-kind
Other: consultants and support fees
Participation projects:
Theatre Box
Autism Projects
Turtle Opera
Key Words
The Key Club - Hammersmith
The Key Club – Kiln
Turtle Song
Chiva
Other: salary gift-in-kind
Other: consultants and support fees
Overheads
Governance
Total expenditure on charitable activities		 Direct
Costs
£
24,858
7,302
18,967
8,514
4,580
16,757
63
8,425
-
56,447
-
-
145,913
35,288
333
22,155
1,036
24,477
14,414
56,826
7,431
-
-
161,960
-
-
307,873		 Support
Fees
£
14
-
1,063
34
500
2,777
-
36
22
2,301
30,607
110,877
148,321
-
-
-
-
-
-
70
-
20,668
123,075
143,814
93,665
6,670
392,380		 Total
2025
£
24,873
7,302
20,030
8,548
5,080
19,534
63
8,461
22
58,748
30,607
110,877
294,144
35,288
333
22,155
1,036
24,477
14,414
56,896
7,431
20,668
123,075
305,774
93,665
6,670
700,253		 Total
2024
£
1,680
6,501
9,224
14,084
1,200
81,776
12,639
12,922
20
120,166
15,351
71,563
347,126
29,670
4,669
33,235
15,450
22,184
23,323
46,184
1,086
25,585
146,192
347,578
85,368
17,168
797,240

4b. ALLOCATION OF SUPPORT COSTS

Collaborators Particioation
Costs
Costs
£
£
Direct staff costs
Gift in kind
25,638
15,383
Wages
60,417
70,401
Taxation and social security
12,222
12,222
Pension contributions
3,483
3,483
101,760
101,489
Support staff costs
Gift in kind
4,969
5,286
Wages
27,524
28,495
Taxation and social security
5,923
6,300
Pension contributions
1,688
1,795
39,724
42,255
Total staff costs (note 5):
141,484
143,744
Other operating costs:
Overheads
Insurance
Rent, rates and utilities
Offce costs
Bank charges
Other support costs
Governance costs
Bookkeeping and accountancy
Professional fees
Other governance costs
Total unrestricted governance costs
Total overheads and governance costs		 Total
Support
Costs
2025
£
41,020
130,818
24,445
6,966
203,249
10,255
56,019
12,222
3,483
81,979
285,228
4,191
25,870
48,685
961
13,958
93,665
6,240
68
362
6,670
100,335		 Total
Support
Costs
2024
£
40,936
143,917
-
-
184,853
10,255
63,604
-
-
73,838
258,691
4,727
20,049
60,182
410
-
85,368
6,000
68
11,100
17,168
102,536

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TURTLE KEY ARTS ANNUAL REVIEW

9. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

5. STAFF SALARIES AND CONSULTANTS

7. CREDITORS:

Amounts falling due within one year

Wages and salaries
Consultant fees		 2025
£
140,302
144,926
285,228		 2024
£
135,956
122,735
258,691
Trade creditors
Other creditors		 GROUP
2025
2024
£
£
6,921
4,726
11,675
12,976
18,596
17,702		 COMPANY
2025
2024
£
£
6,921
4,726
87,346
52,099
94,267
56,825		 COMPANY
2025
2024
£
£
6,921
4,726
87,346
52,099
94,267
56,825
56,825

The number of staff and consultants utilised, analysed by function was:

Chief Executive
Artistic Director (In Kind)
General Manager – started Oct ‘24
Producer – started Oct ‘24
Freelance Producer
Producer (Mentorship)
Production, education and technical consultants
Marketing and Development Director
Financial management
Autism and Dementia consultants
Total		 2025
No.
FTE*
1
1
1
1
1
1
1
0.4
1
0.95
1
1
3
1.2
1
1
1
0.5
1
0.2
12
8.25		 2024
No.
FTE*
1
1
1
1
-
-
-
-
1
1
-
-
3
1.2
1
1
1
0.5
2
0.2
10
5.9

The organisation employs one individual as a full time Chief Executive, one employee as a full time Marketing and Development Director and one employee as a full time Producer. These employees did not receive emoluments above £130,000 in the year.

The Trust relies mainly on consultants which the Trustees believe to be more cost effective. None of the Trustees received remuneration (2024: £Nil) nor did they have expenses reimbursed by the Trust (2024: £Nil).

6. DEBTORS

Trade debtors
Taxation and social security
Prepayments
Other debtors		 GROUP
2025
2024
£
£
30,330
54,065
15,211
-
1,500
1,500
-
13,944
47,041
69,509		 COMPANY
2025
2024
£
£
30,330
54,065
-
-
1,500
1,500
-
13,944
31,830
69,509		 COMPANY
2025
2024
£
£
30,330
54,065
-
-
1,500
1,500
-
13,944
31,830
69,509
69,509

8. ANALYSIS OF GROUP NET ASSETS BETWEEN FUNDS

2025
Collaborators Particioation
Costs
Costs
Restricted funds
£
£
Collaborators fund
15,211
101,579
Participation and disability arts fund
-
198,427
15,211
300,006
Unrestricted funds
General fund
31,830
179,808
47,041
479,814
2024
Restricted funds
Collaborators fund
-
58,499
Participation and disability arts fund
-
170,070
-
228,569
Unrestricted funds
General fund
69,509
190,183
69,509
418,752		 Support
Costs
2025
£
-
-
-
(18,596)
(18,596)
-
-
-
(17,702)
(17,702)		 Support
Costs
2024
£
116,790
198,427
315,217
193,042
508,259
58,499
170,070
228,569
241,990
470,559

Free reserves represent unrestricted reserves where Trustees have made an internal decision to set aside specific funds for projects, supporting core costs, as well as an allowance to meet the day to day running needs of the charity.

Allocated Reserves are in place in the event of the charity needing to wind down operations. This amount is calculated at ten weeks running costs and is reviewed annually by the Trustees.

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9. NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

9a. RESTRICTED FUNDS

9b. RESTRICTED FUNDS - COMPARATIVE

Collaborators Fund
Kill The Cat
Joy
Sadiq Ali
Oddly Moving
Amici Integrated Theatre*
Young Amici
Ockham’s Razor
Red Cape
AIK Productions
Open Sky
Joli Vyann
Participation & Disability Arts Fund
Autism Projects
Turtle Opera
Theatre Box
Key Words
The Key Club (Lyric)
The Key Club (Kiln)
CHIVA
Turtle Song
Mentorship Donations		 Balance
1 April
2024
£
-
35,478
647
7,301
11,769
-
-
754
2,509
5
36
231
13,571
40,931
1,037
30,686
11,045
4,007
68,562
-
228,569		 Movement in Resources
Balance
31 March
Incoming
Outgoing
Transfer
2025
£
£
£
£
-
-
-
-
32,500
(24,872)
-
43,105
93,036
(58,748)
-
34,935
-
(7,301)
-
-
20,011
(20,030)
-
11,750
8,548
(8,548)
-
-
18,526
(19,534)
-
(1,008)
4,326
(5,080)
-
-
24,854
(63)
-
27,300
9,150
(8,461)
-
694
-
(22)
-
14
-
(333)
102
-
22,722
(22,155)
(102)
14,036
37,900
(35,288)
-
43,543
-
(1,037)
-
-
22,449
(24,476)
-
28,659
21,150
(14,414)
17,781
3,908
(7,431)
-
484
62,083
(56,896)
-
73,749
20,175
-
-
20,175
401,338
(314,690)
-
315,217
Collaborators Fund
Kill The Cat
Joy
Sadiq Ali
Oddly Moving
Amici Integrated Theatre *
Young Amici
Ockham’s Razor
Red Cape
AIK Productions
Open Sky
Joli Vyann
Participation & Disability Arts Fund
Autism Projects
Turtle Opera
Theatre Box
Key Words
The Key Club (Lyric)
The Key Club (Kiln)
CHIVA
Turtle Song		 Balance
1 April
2023
£
13
158
(2,035)
3,543
(660)
(150)
7,247
6
(3,144)
-
56
4,900
16,206
33,101
16,487
30,720
13,368
4,007
42,741
166,564		 Movement in Resources
Balance
31 March
Incoming
Outgoing
Transfer
2024
£
£
£
£
-
-
(13)
-
37,000
(1,680)
-
35,478
122,848
(120,166)
-
647
10,259
(6,501)
-
7,301
21,653
(9,224)
-
11,769
14,234
(14,084)
-
-
74,529
(81,776)
-
-
1,948
(1,200)
-
754
18,292
(12,639)
-
2,509
12,914
(12,922)
13
5
-
(20)
-
36
-
(4,669)
-
231
30,600
(33,235)
-
13,571
37,500
(29,670)
-
40,931
-
(15,450)
-
1,037
22,150
(22,184)
-
30,686
21,000
(23,323)
11,045
1,086
(1,086)
-
4,007
72,005
(46,184)
-
68,56
498,018
(436,013)
-
228,569

The nature and purpose of each fund is as follows:-

** Activities partly recognised by a subsidiary undertaking.

GENERAL FUNDS – UNRESTRICTED

This fund is used predominantly to cover the administration costs of the charity including staff costs, marketing and funding expenses.

COLLABORATORS FUNDS – RESTRICTED

This fund consists of the payments and donations towards the artistic work carried out by the theatre and dance companies of whose work we support, where these funds are managed by the charity on their behalf.

PARTICIPATION AND DISABILITY ARTS FUND – RESTRICTED

This fund is made up of the donations towards the participation and community work carried out with local community groups and special schools or young disabled people and is spent directly in relation to these projects.

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9. NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

10 SUBSIDIARY

The charity owns a subsidiary, Turtle Key Productions Limited (Company number 13199091) which was incorporated in England and Wales on 12 February 2021. The subsidiary’s main purpose is to undertake theatrical creation activities. The charity holds the sole £1 share of this company.

TURTLE KEY PRODUCTIONS LIMITED

10a TURTLE KEY PRODUCTIONS: SUMMARY STATEMENT OF PROFIT AND LOSS

Turnover
Cost of Sales
Gross proft/(loss)
Administrative expenses
Proft/(loss) before taxation
Corporation tax
Proft/(loss) for the fnancial year		 2025
£
122,540
(82,620)
39,920
(3,373)
36,547
15,211
51,758		 2024
£
142,766
(142,741)
25
(5,789)
(5,764)
1,123
(4,641)

10a TURTLE KEY PRODUCTIONS: SUMMARY BALANCE SHEET

Current assets
Debtors
Creditors: amounts falling due within one year
Net assets
Called up share capital
Proft and loss reserves		 2025
£
90,881
-
90,881
1
90,880
90,881		 2024
£
60,955
(21,832)
39,123
1
39,122
39,123

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TURTLE KEY ARTS ANNUAL REVIEW

TURTLE KEY ARTS CENTRE TRUST

10. APPENDIX

10.
ANALYSIS OF PARTICIPATION GRANTS
INCOME
Autism
The Key Club (Hammersmith)
John Lyon’s Charity
The Key Club (Kiln)
John Lyon’s Charity
2025
£
22,000
21,000
TOTAL Key Clubs 43,000
Turtle Opera
Prospero 14,000
Bishopdown Trust 1,000
D’Oyly Carte 3,000
Joseph Levy Grant 2,750
TOTAL Turtle Opera 20,750
Dementia:
Turtle Song
The Scouloudi Foundation 15,000
Hadrian Trust 1,000
Lord Farringdon Charitable Trust 3,000
Headley Trust 28,000
John Armitage Charitable Trust 14,000
TOTAL Turtle Song 61,000
Theatre Box
John Lyon’s Charity 37,500
TOTAL Theatre Box 37,500
ANALYSIS OF JOY ACTIVITY GRANTS
JOY Festival
Hammersmith United Charities 5,000
John Lyon’s Charity 27,000
Tesco Stronger Start 500
Total JOY Income 32,500

ANALYSIS OF COLLABORATORS ACTIVITY GRANTS

Sadiq Ali Company
Arts Council England
Abderrahim Crickmay Charitable
Settlement
Total SAC Income
AIK Productions
Arts Council England
Total AIK Income
TOTAL RESTRICTED FUND GRANTS
ANALYSIS OF CORE GRANTS
Core Income
The Dillon Trust
The Clarence and Ann Dunwalke Trust
Joseph Levy Trust
The Redfern Trust
The Aurelia Foundation
TOTAL CORE GRANTS
Mentorship Scheme Income
Mentorship Donations
C Bartford Ltd
Blakenham’s Trust
Sergison Trust
TOTAL MENTORSHIP INCOME		 2025
£
28,800
10,000
38,800
22,275
22,275
255,825
32,000
61,542
3,000
-
62,500
159,042
8,675
5,000
6,000
500
20,175

Included within individual giving is £7,000 donated by the Ian Mac Taggart Trust.

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11. OUR THANKS

THANK YOU TO OUR PARTNERS

Wigmore Hall, National Portrait Gallery, English Touring Opera, Royal College of Music, Oxford University, Chats Palace, University of Reading, University of York, University of Chester, Waddesdon Manor, St Edward’s School Oxford, Autism Family Support Oxfordshire, Autistica, Royal Court Theatre, CHIVA, Dep Arts, Arc Stockton, Paddington Arts, South Street Reading, Lyric Hammersmith, London International Mime Festival, Park Theatre, the Philip Barker Centre for Creative Learning at Chester University, Daniella Cromwell, Arts Alive, The Lowry - Salford Quays, Kings College London, The Hub - High Wycombe, The Core at The Corby Cube, artsdepot, Dance City, Harlow Playhouse, Lincoln Drill Hall, The Point - Eastleigh, Pavilion Dance South West, The Albany, Norden Farm Centre for the Arts, Jacksons Lane, National Centre for Circus Arts, Hammersmith & Fulham Arts Fest, The Wardens Trust, Three Choirs Festival, Hereford College of Arts, Mindsong, The Courtyard – Hereford, Independent Theatre Council, Theatre Royal Portsmouth, Greenwich+Docklands International Festival, Out There International Festival of Circus & Street Arts, Norfolk & Norwich Festival, Lift Off! Salisbury, Circulate, Stratford Circus Arts Centre, The Auckland Project, The University of Durham, The University of Liverpool, Chetham’s Music School, Belgrade Theatre Coventry, Kala Sangam, Mountview Academy of Theatre Arts, St. Mary’s University, Birmingham Conservatoire, Birmingham Ormiston Academy, Worthing Theatres, Circomedia, Proteus, Hall for Cornwall, University of the Arts London, Reading Rep, Bristol Beacon, Birmingham Hippodrome, Mime London, Kiln Theatre and (delete) Theatre in the Mill. Polka Theatre, Leeds Playhouse, Bradford 2025 and 101 Out-Door Arts.

THANK YOU TO OUR FUNDERS

Arts Council England, The Henry Smith Charity, Mark Armitage, C.A. Redfern Charitable Foundation, Scouloudi Foundation, Cockayne - Grants for the Arts and The London Community Foundation, Royal Victoria Hall Foundation, The London Borough of Hammersmith & Fulham, Adult Learning & Skills Service, Hammersmith United Charities, RBS, The Ashley Family Foundation, PRS for Music Foundation, The Clarence and Anne Dillon Dunwalke Trust, Atomy UK, The Dillon Fund, Roseheath Foundation, John Lyon’s Charity, The Garrick Trust, Esmee Fairbairn, Split Infinitive Grant, Geoffrey Watling Foundation, Norwich County Council, Buckinghamshire Community Foundation, Heart of Bucks Community Foundation, The Rothschild Foundation, The Swire Charitable Trust, The Headley Trust, Monday Charitable Trust, Prospero World, The Aurelia Foundation, Van Houten Fund, Ammco Charitable Trust, Oak Dale Trust, ViiV Healthcare, Austin Hope Pilkington Trust, The Mercer’s Company, Royal Borough of Kensington and Chelsea Arts Fund, Buckinghamshire County Council Prevention Grant, The Clothworkers’ Foundation, The Faringdon Charitable Trust, The Herefordshire Community Trust, The Berkshire Community Fund, Fresh Leaf Charitable Foundation, Primark, The City Bridge Trust, The Goldsmiths Company Charity, Unity Theatre Trust, Schroder Charitable Trust, Brinsden Charitable Trust, The Arah Foundation, The Suffolk Foundation, Dementia Friendly Communities Fund, Norman Scarfe Charitable Trust, Englefield Charitable Trust, Hammersmith United Charities, Dr Edwards & Bishops King’s Fulham Charity, The Elmley Foundation, Without Walls, Stockton International Riverside Festival, Basingstoke Festival, Daisy Trust, London Community Foundation, Goldman Sachs, The Lord Faringdon Charitable Trust, Children in Need, The Leche Trust, The Ogden Trust, Abderrahim Crickmay Charitable Settlement, Department for Digital, Culture, Media & Sport, The Golsoncott Foundation, Armstrong International, Young Hammersmith & Fulham Foundation, Armstrong Charitable Trust, King Charles III Charitable Fund, Partiger’s Trust, G J Ward Charitable Trust and Ashe Windham.

Thank you to all those individuals who have generously donated to Turtle Key Arts

56

Turtle Key Arts Lyric Hammersmith, Lyric Square King Street, London W6 0QL www.turtlekeyarts.org.uk 020 8964 5060 admin@turtlekeyarts.org.uk Registered charity: 1003113