Company number 2479179
Charity number 1010192
The Half Moon Young People's Theatre Llmlted
(Llmlted by Guarantee)
Report and Flnancial Statemonts
for the year ended 31 March 2024
Breckman & Company Ltd
Chartered Certlfled Accountants
49 South Molton Street
London W1 K 5LH

The Half Moon Young People's Theatre Limited
(Llmited by Guarantee)
Contents
Page
Reference and Administrative Detsils
Truste8s' Report
2-10
Audltors. Report
Statement of Financial Activities (Including Income and Exp8ndlture Account)
15-19
Balance Sheet
20
Cash Flow Statement
21
Notes to the Flnancial Statements
22.33

The Half Moon Young People's Theatre Limited
{Limited by Guaranlee)
Reference and Admlnlstratlve Details
Constltutlon
The company is a private company Ilmited by guarantee registered in EW - England & Wales. company
number 2479179 and ils governing document is its Memorandum arKI Articles of Assoclation. The company
is a registered charity, number 1010192.
Dlrectors and trustees
The directors of the charitable company nhe charity.) are ils trustees for the purpose of charfty law and
throughout this report are colleclively referred lo as the trustees.
As sel out in the Articles of Association the trustees are appointed by members of The Half Moon Young
People's Theatre Limited at our Annual General Meeting (AGM) or by postal vote. One thlrd of the members
of the board of trustees musl stand down at each AGM, and members are eligible for r&election.
Pollcies and procedures adopted for the induction and tralning of trustees are ongoing and incorporated
indirectly into the regular trustees meetings.
The trustees during the year and since the year end. were .
Dawn Harrlson-wallace (Chalr)
Vipul Bhatti
Dr Kat& Domey
Asma Jhina
Benjamin Jones
Constsntina Kleanthous appointed 22 Aprll 2023
Anuradha Laws
resigned 15 May 2024
Anita Lewis
appointed 21 May 2024
Mark Macey
Mary Mccolgan
Elaine McLaughlin
Sarah Nottingham
Roopa Sharma
Nulan Velji
James Wakefield
appointed 18 Oclober 2023
appolnted 16 May 2024
resigned 12 July 2023
appointed 21 May 2024
appointed 21 May 2024
Secretary
Jacqueline Eley
Chlef executlvelday to day management
Chris Elwell
Auditors
Messrs. Breckman & Company. 49 South Molton Street. London W1K 5LH.
Bankers
Unity Trust Bank, 9 Brindley Place. Birmingham, West Midlands B12HB.
Reglstered office and operation address
43 White Horse Road, London E1 OND.

The Half Moon Young People's Theatre Limited
(Limited by Guarantee)
Trustees, report
The Irustees present their annual report together with the financial statements of the charity for the year
ended 31 March 2024 which are also prepared to meet the requirements for a directors 'report and
accounts for Companies Act purposes.
The financial slatements comply with Charities Act 2011. the Companies Act 2006, the Memorandum
and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable lo charities preparing their accounts in accordano wilh the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 102)-
The reference and 8dministr8tive details sel out on page 1 fomis part of this report.
Objectlve8 and activities
'Half Moon continues to be a leader in the young people's profession81 theatre sector, working to realise
our vision,. to include, to inform. to inspire.
Half Moon, a local community-focused venue with a national remit. gives young people from blrth to 18
125 for young people with disabilities) an opportunity to experience the best in young people's theatre.
bolh as a participant and as an audience member. The company places an emphasis on engaging
participants and artists who feel excluded from arts activity, such as those from ethnically diverse
communities, Deaf and disabled people, those who are neurodiverse or affected by mental health
conditions, or those excluded due to 50CiO•economic circumstance.
Half Moon specialises in new writing and arttorm development. working collaboratively with a wide
range of partners. The company's expertise 15 in supporting young people and artists at every stage of
their creative development. provifjing gateways lo engagement, offering palhways for progression and
experimentation, Ihen disseminating outcomes with Ihe wider sector through performances, touring
productions, open dialogue and continuing professional development. Uniquely. there is a synergy
belween Half Moon's Creative Leaming and professional theatre programmes, which have equal slatus
and are mutually enriching.
Artform developmenUProducing'.
producing 8nd presentlng the best professional theatre at the company's own venue and In
other arts, educalion and community venues nationally, including libraries
nurturing and menloring new artists and emerging companies, particularly those under-
represented in Ihe young people's theatre sector
inspiring established artists and companies lo work in the Iheatre for young audiences sector.
Creative Leaming..
providing an extensive education and outreach programme for groups and independent
attenders
placing Chlldren and young people at the heart of the creative processes to develop professional
work
giving children and young people representation and a voice in all areas of the organisalion.
To raise the standard of work being produced for. with and by young people, Half Moon works in an
open mannor. encouraging open debate. Half Moon's programme of activities is based 011 ongoing
research into the needs and ambitions of the company's various stakeholders. The company feels
confident to adapl and take risks. as the innovative work is piloted and shaped from the company's
understanding of the needs of the sector and the communities it serves. The company undertakes
routine monitoring and evaluation of all projects, measuring the impact of the work in a variety of ways
depending on the abililies of those involved. This indudes input from young people informally, as well
as formally through the Youth Forum.

The Half Moon Young People's Theatre Limited
(Llmited by Guarantee)
Trustees. report
2023124 headline statistics
performances at our own theatre and on tour attracted around 15,000 audience members
we were a finalist for an Off West End Theatre Award for Best Writerfor Young People wilh our
show, Hot Orange by Amal Khalid and Tatenda Matsvai for ages 13+
we delivered around 1.500 creative leaming sessions. with around 26,500 participatory
engagements
of the young people who participate in weekly activity. 73Yo are from 8thnically div8rse
communities. 30% are disabled or have additional needs and 540/0 (420/0 last year) are from
households on low incomes or receiving benefits
we worked with two thirds of the schools in Tower Hamlels and over half of thése engaged in
at least projects
we employed 122 freelance artists. facilitalors. access workers and technicians, 540/0 of whom
are from ethnically diverse communities
our volunteers donated 859 hours of their time to support us on a variety of proj8Cts.
In shaping our objectives for the year and planning our activities, the trustees have considered the
Charity Commission's guidance on public benefit, including the guidance 'public benefit- running a
charity (P82)'.
Achievamants and performance
Professlonal Theatre
In 2023124 we presented our usual autumn and spring seasons of professional shows for families,
children. young people and schools from the best companies creating work for young audiences. We
also presented shows in oth8r places in our horne borough of Tower Hamlets, including the Canary
Wharf Crossrail Roof Garden and the All Points East Festival in Victoria Park. We also continued to run
rheatre Passport, the company's funded ticket scheme for schoolslcommunlly groups which gives Ioc81
people access to quality thealfe.
The autumn 2023 production for teenage audlences, Hot Orange was nominated for Off West End
Theatre Awards (Offies), Best Wriling and Best Performance and was a finalist in the Best Wriling
category. Hot Orang8 garnered great reviews when it opened at Half Moon and then toured to other
venues around the country, including Contact Manchester, Garage Nor4vich and Hat Factory Luton.
°The title captures the poetic glow of their hourlong two-hander. It conjures, too, the rush of first love,
th8 burn of inherited shame and Ihe lively pace of a sensitive play about a friendship that flickers into
something else before being extinguished. TOda￿S school audiance gat a clos8-up masterclass in
acling from Malsvai and Twomey. who share a natural rapport.. a bittersweet gem about the ache to
continue a kiss." The Guardian
In February 2024, we opened Boxed In. a co-production with disabled-led company, Daryl & Co. for
ages 3 - 6. The show is a hearttelt story is about being made to feel naughty, just because the rules
don't make sense. It explores Ihe unspoken barriers of attitudes. social etiquette and behaviour that
surround us.
"This is the b8St show we've seen in a long lime! It was hilarious and touching at the same time. My
little boy and I laughed a lot during the performance. Thankyou fora morning well spent and for allowing
us lo get a glimpse inlo the world of people who experien￿ the world differently and that we can all
learn to live together in harmony if we make an effort to understand each other." Audienc8 member
Artform Development
The success ol Narratives of Empathy and Resilience. our major artform development programm8 to
support under-represented artists in 2021, provided us with range of ideas by some very exciting artists.

The Half Moon Young People's Theatre Limited
(Limlted by Guarantee}
Trustees, report
Hot Orange came out of this programme. During the year we also undertook further research and
development work with some of Ihe other artists from this programme to develop their ideas. This
includes:
Ten in the Bed- for 3 to 8 year olds, by Steve Tasane, an award-winning author of young adult
fiction. This show opened at Half Moon on 4 May, 2024 before embarking on a national tour,
Tatenda Malsvai - in addilion to co-writing Hot Orange. we are working with this talented early
career artist to develop a new show for 2 to 5 year olds, currently entitled 8etti8 Brave and
scheduled to tour in spring 2026.
One Night of Freedom - this new commission by Jo8 Nerssessian will be our next tour for
13+lteenage audiences in autumn 2025 and focuses on refugee experiences in Europe.
Creatlve Learning
Our Creative Learning programme is wide-ranging. covering ages 0-18 (or 25 for young disabled
adults), with a strong focus in Tower Hamlels. The programme includes sessions in formal education
settings as part of curriculum delivery, as well as worf( with children and young people as independent
attenders. Our work supports the borough's strategies for children and young people, and enhances
our audlence development initiatives. The overarching aim of the Creative Learning programme is lo
ensure work is inclusive and accessible to all, offering progression routes for young people to continue
exploring their crealivity.
Our successful signature projects are highlighted below. with addllional projects dellvered during the
year. including- Dramatic Science, a pilot project to teach KS2 science through drama. an Online Safely
programme for primary schools in Soulhwark; a free Family Fun Day; a programme for Vlrtual Schools;
and a project for Downs Syndrome Day. We also delivered a series of CPD sessions for teachers and
other school staff and host termly Drama Forum meetings for drama teachers at our secondary schools.
Youth Theatres - We run eight Youth Theatre groups for various age ranges, seven of whlch are fully
inclusive, whereby children with needs are provided with appropriate speclalist access support (e.g. for
neurodiverse young people and any young people with physical andlor cognitive dlsabllities, sensory
impairments and mental health conditions). The final group is foryoung people aged 13-25 with complex
and mulliple disabilities or who operate within the autistic spectrum. whose needs are best met In a
smaller specialist setting.
Across each term and the year as a whole. we noted improved personal outcomes for all of th8 yOLJng
people attending. These We￿ seen in temis of Communication Skills (Speaking and Lislening),
Emotional Literacy, Posilive Social Engagement and Creative Development. One memb@r of our group
for 15-18 year olds. who has been attending since he was in our youngesl group and has completed
work experi8nc& and volunteering with us. took a leading role in the spring sharing, which explored
creating suspense in drama. His Dad fed back lo us.. "IVS been a pleasur& to see my son's development
during all these years. I'm sure that other parents feel the same..
Creative Play - Our early years sessions in Children and Family Cenlres around the borough. use
crealive, sensory play to help the parenlslcarers support their participating children'5 emotional and
physical development, as well as the development of their crealive expression. The programme also
uses language repelition as a fomi of pre-literacy. Sessions are primarily drama 8nd movement based,
sometimes drawing on other artforms. including music, puppetry and visual arts. One pargnt said:
"Since my son has begun coming to the Half Moon creative play. I have noticed a massive change in
his Confiden￿ and his personality in a very positive way. Attending the sessions has made me much
more Confident lo be able to meet other parents and also attend more playgroups. the leaders have
been amazingl"
Next Steps and After School Clubs - We continued to deliver Ihis specialist programme to support
Year 6s in their transition from primary to secondary school. Parttcipants benefitted from tsrgeted,
weekly sessions in their final half term of primary school, and a week-long Summer School in the
summer holiday before they began secondary school. In addition, we also continued with our three-
year offer for the participants. providing young people with the opportunity to attend weekly sessions

The Half Moon Young People's Theatre Limited
(Limited by Guarantse)
Trustees. report
after Ihey have transitioned to secondary school. Being able to offer continued long-term intervention
to Year 7s, 8s and 9s has become core to the success of this programme.
At the start of the programme participants were asked how confident they were feeling about starting
secondary school. 25¥0 said they definitely felt confident. By the end of the programm8, 90 % definltely
felt confident.
Careers In Theatre- This programme is for Year 9, 10 and 11 students who are studying for GCSE
Drama or are considering taking GCSE Drama. Participants are providad with new skills and practical
knowledge of career options in the Ihaatre industry. through working alongside a team of talented
industry professionals. weworked with 195 students from eight schools in Tower Ham18ts and one from
Southwark. Feedback from participants included: "I didn't know what to expect today. When I was told
I would b8 designin9 a set for a Ple￿ of theatre. I never imagined the process would b& so fun and
creative. I have 8 new respect for the amount of thought that g08s into whal we see on stage. Set
design is cool,"
Performance Works- This is an annual project to offer summer holiday activity for young p80ple aged
13 to 25 with complex disabilities. The 12 participants used drama, music, and art to create a piece of
theatre, working collaboratively on a performance for family, friends and the wider community on the
final day. The projecl was driven by the ideas of the young people from inilial conception to the delivery
of a performance, exploring the question: What's in the box?
We asked participants what they had achieved during the week. Responses included:
Making new friends
The acting. I start6d to regulate, and I stayed calm and was able to focus
My concenlration was improving, and I was less anxious. and I settled in
Hlgher Educatlon
During the year we continued with our partnerships with Higher Education
Institutes, working With Ouf local universities - Queen Mary University of London and University of
East London and London South Bank University and Royal Holloway University. as well as the
specialist institutions - Rose Bruford College and Royal Central School of Speech and Drama.
Young People's Involvement
Our lermly Youth Forum is made up ofyoung people from all eight Youth Thealre groups. whose ages
range from 5 to 18 (25 for disabled young people). The Forum is attended by a Trustee who reports
back to the full Board. The Forum gives young people a voice in all aspe¢ls of our work, as well as
allowlng them to expr8ss what they find positive about attending sessions.. "I'm not really a show person
but my Mum wants me to stand up for myself. I was scared lasl time I came here so I was on8 of the
directors with the support drama facilitator, but my access work8r helped me and I got a little better. My
Mum brightened me up and said I can control my best show ever and she said whalever I do she'll be
happy no matter what."
Social Impact, Inclusion and the Environmént
Half Moon has been embedded in the Tower Hamlets community for over 30 years and has a strong
repulation for delivering fully accessible work that meets the priorities of Ihe young people and families
we serve. We are baséd in Ihe middle of Tower Hamlets, the borough with the highest levels of child
poverty in the UK and high indi￿S of special educational needs for local young people. Intersacting
issues negatively impact our young people. including overcrowding, social daprivalion and domesliG
abuse. These factors lead to complax issues for young people which often have significant @ffects on
their mental health.
Everything we do is inclusive, in terms of engaging young people from a variety of diff8r8nt backgrounds
with different needs and abilities. We work wilh key partners in our community - from local schools,
nurseries, children and family centres. social worker teams, refuges, Virtual Schools (Looked After Care
team), the Tower Hamlets Early Help Hub and other local authority teams and third sector organisations

The Half Moon Young People's Theatre Limited
(Limited by Guarantee)
Trustees, report
to ensure that Ihosg families who will benefit mosl from this aclivity, will be able to aC￿sS the
programme.
During the year, we made a successful application to City Bridge Foundation (formerly City 8ridge
Trust) for funding to carry out the recommendations of the 2022 Access Audit., namely modernisation
of the main passenger lift, installation of a hearing induclion loop, improvements to wayfinding and
repairs to uneven floors, sleps and door thresholds. Thi5 work began in April 2024.
Half Moon recognises that the company's operations have an impact on th8 6nvironment and is
committed to reducing Ihat impact through continuws environmental improvement. We are a founding
member of the TEF (Theatre Education Forum) Climate Justice Collective and we work in partnership
with Julie's Bicycle (a not for profit thal supports arts organisations to tackle climate ch8nge} to achieve
our 'green 'goals. Each year we input all of our data into the Julie's Bicycle Creative Climal8 Tool. In
2023124 we used 2 tonnes less of C02e {carbon dioxide equiva18nt) in 2023124 (20 tonnes) compared
to the previous year {22 tonnes).
Flnancial review
We are a National Portfolio Organisation of Arts Councll England and their funding represented 26Yo of
turnover, with our Local Community Fund grant from Tower Harnlets representing a further 40/9. Our
trajectory is to continue to achieve relatively high levels of fundraising and 8arned income - 36Qk and
33 % of turnover respectively in 2023124. At the end of the financial year the company is in 8 Stable
position, with an appropriate level of Designated Organisational Reserv8 {£70,000), general funds of
£3,525 and over £225,000 offundraising income already confirmed for capital works and activity in the
new financial year. Restricted funds carried fopNard into Ihe next year are £115,387.
The Gompany has good relationships with charitable trustslfoundations of all sizes, many of which
reguSarfy provide funding. Half Moon's home borough ofTower Hamlets is very supportive and provides
funding as grants, service level agreements and commissioning. We will continue to build on all of these
relationships and a very successful strategy which uses income streams as leverage for match funding
from each other. Our scheme lo raise funds from the corporate sector for Theatre Passport, Half Moon's
funded ticket scheme for local schoollcommunity groups, needs further boost and income generation
from individual giving remains Ihe area with the most potenlial for growth.
Our programme of activity in 2023124 V￿uld not be possible without the support of our many funders:
Action for Bow
Aldgate & Allhallows
Arts Council England
The Austin & Hope Pilkington Trust
BBC Children in Need
Benevity Causes
Blackw811 Reach Trust
Buzzacott Sluart Defries Memorial Fund
Canary Wharf Group
Charles S French Charitsble Trusl
Chartered Secretaries & Administrators
Charterhouse Charitable Trust
Charterhouse in Southwark
Chesterhill Charitable Trust
City Bridge Foundalion
Clarion Futures
CMS Social Impact Fund
The Coln Trust
Co-op Local Community Fund
DAF Bentley Commurrity Grants
Derek Shuttleworth Educational Trust
Easl End Community Foundation
e85yfundraising
The Fitton Trust
Galliard Homes
Garfield Weston Foundation
The Harold Higham Wingale Foundation
The Henry Smilh Charity
Investec
Isle of Dogs Grants Chest
Jack Petchey Foundation
King Charles111 Foundation
The Leche Trust
Merchant Taylors, Charity
NADFAS - The Arts Society
The National Lottery Community Fund
Newcomen Collett Foundalion
The Noél Coward Foundation
Ocean Regeneration Trust
Prudential Small Donations Fund
Queen Mary University
Royal Victoria Hall Foundation

The Half Moon Young People's Theatre Llmlted
(Llmited by Guarantee)
Truste•s' report
Save Th8 Children
Schroder Charity Trust
The Sheldon Trust
Souter Charitable Trust
St James's Place Foundation
Tesco Community Grants
Tower Hamlels Arts & Music Education Service
Tower Hamlets Council
Tower Hamlets Youlh Service
Unity Theatre Trust
The Worshipful Company of Coopers
We thank these supporters. as well as the many individual donors and funders who wish to remain
anonymous and all of our volunteers who generously give their time to support our activities.
Reserves Policy
The organisalion's reserves policy is to target a sum of money as a Designated R6s8rve. thls will
support the company in the case of unexpected changes in funding and to meet unplanned expenditure
and capital expenditure. The tsrgeted level of the Designated ReseNe is calculated as £70,000. This
is equivalent to thre8 months 'Support Costs,, estimated at £45,000 plus £25,000 available for
discretionary expenditure. Trustees review the Reserves Policy annually to lake account of changing
circumstances.
Risk Management
The company pays particular attention to any potential risks to the company. by employing an annual
risk review with the Trustees with a rolling risk assessment across different categories.. governance and
management. operational, financial, environmentallextemal factors and compliance. The company
produces individual Risk Assessments for productions, tours, projects and school visits.
The principal risk ofthe company is the loss of thé major core funder, Arts Council England (ACE). The
company has the most secure long-lerm funding available from ACE as one of Iheir Nalional Portfolio
Organisations. This funding has recenlly been extended by a year until March 2027. The company
acknowledges the Importan￿ of maintaining 8xce118nt relationships with ACE and all other fund8rs to
mitigate against any loss of funding. The company also has excellent relationships with a number of
teams within our local authority, Tower Hamlets. who provide long-tem funding from a range of funding
streams.
Future Plans
Going forward, Half Moon will continu8 to pioneer its approaches to developing work through
meaningful interaction and consultation with young people. placing them at the heart of the creative
processes. We will lour bwo productions in 2024125.. Ten in the Bed- for ages 310 8 by Steve Tasane.
and Soft or Spiky? a co-produclion with Polka Theatre, for 6 to 18 months. We will continue lo work in
an entrepreneurial manner wilh a wide range of partners, including artists, companies, venues,
educational establishments and other Third Sector organisations. This commitment to partnership
working and collaboration are vital to Ihe continued success of Ihe company. both artistically and
financially.
As part of our ambitions to make the most of our archive, in 2023124 we deposited 77 play scripts at
The British Library, as well as sharing those appropriate scripts with the Black P5ays Archive managed
by the National Thealre. We are now working towards consolidating and securing the company's
archiva, both physical and digital. dating back to the formalion of the first iteration of Half Moon Theatre
In 1972. During the year ahead. our archive will be transferred to the local Qu6en Mary University of
London. The small physical archive from the 1970s and 1980s presently held by Royal Holloway
University, will also be transferred to them. This will start th8 process of making our full hislory more
accessible in the years ahead for research purposes.

The Half Moon Young People's Theatre Limited
(Limil8d by Guarantee)
Trustees, report
Our Creative Learning programme will continue to have a strong focus in Tower Hamlets. with sessions
in formal education settings as part of curriculum delivery, as well as work with children and young
people as independent attenders. Our work will continue to support the borough's strategies for children
and young people and enhance our audience (Jevelopment initiatives.
Half Moon closed to the public for five weeks at Ihe beginning of 2024125 to facililale replacement of
tha main passenger lift covering all 3 floors, as it is over 30 years old. At the same time a hearing
induction loop was fitted in the th&atre, alongside other small capilal works to improve accessibility of
the fire escape areas. Following these works, we will film a 360° virtual tour of the building which wi15
be available to help young people with autistic spectrum disorder prepare for their visit to the theatre.
Conclusion
This is the final year, after six years as Chair, that I have the pleasure of signing off Half Moon's Annual
Report and I can Confidently state that I remain as impressed now, as I was when, as a new Trust88.1
read my first Half Moon Report Annual Report in 2012 - perhaps Éven mor8 SO.
The resilience the company has shown, even within the difficult landscape of the past four years, Is no
mean feat and clearly demonstrates that Half Moon not only has the ability to survive, but lo thrive and
faces challenges thrown at it with drive and detemiination. This is very clear avidence that Half Moon's
impact within its community, and for those underrepresented artists we seek to nurture. has nol waned
ellher. For me, the conlinuing development of the artists who participated in our Narratives of Empathy
& Resilience programme - initially crealed to support underrepresented artists through Ihe pandemiG -
is one clear illustration of this.
The words of Ihose who experience Half Moon as audiences and young participants only highlights this
impact further:
.1 r9ally appreciato the incluslvity of the pmgramrning, the shows and the venue. 11 feels genuine 8nd
integrated. Everything l tre seen Ihere has dealt with important issues but also been joyful and very well
executed..
'It's a tmly amazing place wheTr Ghildren, theirneeds, views. c￿at￿lIYand legming through experience,
are at the v6ry heart of every¢hing and accessible to all too.,
'A brilliantly famlly-friendly theatre, offering shows for a r8nge of ages and tastes. An important E8St
London institutionl"
The harsh reality is however, that whilst Half Moon is very successful artislically and is currently
financially stable, we need to remain mindful that many factors, including the cost-of-living crisis, the
financial situation of local authorities, plus cuts lo the arts and education sectors, combine to crèate
potentially more precarious environment going forward.
The sheer number of funders who supported us in 2023124 is an indicalor of how hard the team has to
work to raise funds to deliver our essential work and we only envisage this getting lougher in the near
future. But we remain hopeful that funders old and new will continue lo recognise the impottance and
relevance of this beacon of light in Limehouse.
In closing off, for one last lime, I would like to thank the core staff team and Ihe many freelan￿r5 who
work for us. The dedication and hard work demonstrated by all, under the thoughtful and unwavering
leadership of Direclor. Chris Elwell and Administralive Director. Jackie Eley is exemplary.
I would also like to Ihank our collaborators and partners from many organisations ar¢d the individuals
from within Ihe arts, education and community sectors. all of whom make such strong contributions to
our work and success. And of course to my fellow Trustees, in particular those slanding down this year,
l extend untold thanks and gratitude.

The Half Moon Young People's Theatre Limlted
(Limited by Guarantee)
Trustees. report
Finally, to our many funders, without whom we could not achieve our charitable aims and ambitions. in
particular Arts Council England and Tower Hamlets. I would like to thank you for ongoing support. for
recognising the importance of the work we deliver and ensuring we can continue to meet the needs of
both Ihose within our local community and nationally.
Dawn Harrison-wallace
Chair
Auditors
A resolution proposing the re-appointrnent of Breckman & Company as auditor will be submitted at the
Annual General Meeting.
Investments
The charity has no investments.
Assets
The movement in fixed assets is shown in Note 10 to the accounts.
Going Concem
The directors are of the opinion that a going concern basis is appropriate for the prep8r8tion of these
accounts.
The dir8ctors ar8 confidenl Ihal the company will b8 able to continue operating for at least the 12 months
from the date of this report.
Organisatlon and Constitution
The company was incorporated on 9th March 1990 and is governed by its Memorandum and Articles
of Associalion.
The charltable objects of Ihe Charity a￿.
For the promotion, maintenance, improvement and advan￿ment of education particularly
by Ihe production of educational plays and drama workshops, the provision of training and
the encouragement of the arts including Ihe arts of drama, ball8t, music, singing. literature,
sculpture and painting.
A Board of Trustees. who meet quarterly, administers the charity. The Trustees delegate the day to day
management of the charity lo the Chief Execulive, Chris Elwell and the Adminislralive Director, Jackie
Eley. The existing irustees are entitled to appoint further trustees in accordance with thè Memorandum
and Artides of Association.
Trustee inductlon and tralning
Potential new trustees observe a Council of Management meeting before being formally appointed.
They are sent an induction pack including a list of18gal obligalions, the Memorandum and Articles of
Association, the details of cornmittees and decision making processes, Ihe business plan, policies and
procedures. stsff structure and recent management accounts and budgets. Trustees participate in an
annual Retreat day involving the staff as well as other meetings and events outside of the formal
quarterly meetings. They are also offered training and development opportunilies as appropriat8 to their
needs and interests.
Remuneration
No remuneration is paid to Trustees and the remuneration for other key management personnel is
decided on by the Council of Management based on benchmarking against other similar organi5ations
in Ihe sector to ensure that rales paid remain competitive.
The company is limited by guarantee and has no share capital. The guarantees of individual m8mbers
are limited to £1.

The Half Moon Young People's Theatre Limited
(Limlted by Guarantee)
Trustees, report
Trustees, responsibilities
The trustees (who are also directors of The Half Moon Young People's Theatre Limited) for the
purposes of company law) are responsible for preparing the Trustees 'Annual Report and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepied Accounting Practi￿).
Company law requires the Irustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that they
give a true and fair view of the state of affairs ofthe charitable company and of the incoming resources
and application of resources, including the income and expenditure, of the charitable company for that
period. In preparing these financial slatements, the truslees are required to:
select suitable accounting policies and Ihen apply them consistently-
observe the methods and principles in the Charilies SORP 2019 IFRS 102);
make judgements and estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards have been followed, subject to any material
departuras disclosed and explained in Ihe financial statements:
prepare the financial statements on the going concern basls unless it is Inappropriate to
presume that the charitable company wi51 conlinue in operation.
The truslees are responsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply with thg Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and olher irregularities.
In so far as the trustee5 are aware..
there is no relevanl audit informatlon of which Ihe charitable company'5 auditor is unaware; and
the trustees have taken all Steps that they ought to have taken lo make themselves aware of
any relevant audit information and to establish that the auditor is aware of that information.
The trustees are responsible for the m8intenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation in Ihe Uniled Kingdom governing the
preparation and disseminatlon of financial ststements may differ from legislation in other jurisdictions.
Small company exemptions
This report is prepared in accordance with the provisions of the Companies Acl 2006 relating to small
companies. This report was approved by the Board of Trustees on 17 July 2024 and signed on its behalf
by
Dawn Harrison-wallace (Chair)
Trustee
10

Independent Auditors. Report to the Members of The Half Moon Young People's Theatre Limited
Opinion
We have audited the financial statements of The Half Moon Young People's Theatre Limited (the 'charitable
company,) for the year ended 31 March 2024 which comprise Ihe Statement of Financial Activities, the
Balance Sheet, the Cash Flow Statement and notes lo the financial statements. including a summary of
significant accounting policies. The financial reporting framework thal has been applied in their preparation
is appllcable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102
The Financial Reporting Stsndard appllcable in the UK and Republic of Ireland (Uniled Kingdom Generally
Accepted Accounting Practice).
In our oplnion the flnancial statements:
glve a true and fair view of the state of the charitable company's affairs as at 31 March 2024, and of Its
incomlng resources and applicalion of reSoUr￿s, including tts income and expendllure. for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accountlng Practlce;
and
have been prepared in accordance With the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit In accordance with International Stsndards on Audlting (UK) (ISAs (UKI) and
applicable law. Our responsibllili8s under those stsndards are further described in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charitable company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK. including tha FRC'S Elhical Standard, and we have fulfllled our other ethical
responsibilities in accordance wlth these requirements. We believe that the audit evidence we have
obtalned is sufflclent and approprlate to provlde a basls for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements. we have concluded that the truslees. use of the going concern basis of
accounting in the preparation of th8 financial statements is approprlate.
Based on the work w8 have performed, we have not identlfied any material uncertainties relating to events
or conditions that, individually or collectlvely. may cast significant doubt on the charilable company's ablllty to
eonlinue as a going concern for a period of at least I￿e1ve months from when the financial statements are
authorised for Issue.
Our responsibilities and the responsibilities of the trustees with respect to golng concern are described in the
relevant sections of thls report.
Other Informatlon
The other information comprises the infomiation included in the trustees annual report, other than the
financial statements and our audilor's report thereon. The trustees are responsible for the other information
contalned within the annual report. Our opinion on the financial statements does not cover the other
Information and, except to the extent Othe￿IS0 explicilly stated in our report, we do nol express any form of
assurance conclusion Ihereon. Our responsibility is to read the other information and. in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge
obtained in the course of the audit or otherwis8 appears to be materially misstated. If we identity such
material inconsistencies or apparent material misstatements. we are required to determine whether this
gives rise to a material misstatement in the financial statements themselves. If. based on the work we have
performed. we conclude that th8re is a materi81 misstatement of this other information, we are required to
report that fact.
We have nothing to report in Ihis regard.

Independent Auditors. Report to the Members of The Half Moon Young People's Theatre Llmited
Oplnlons on other matters prescribed by the Companles Act 2006
In our opinlon, based on the work undertaken in the course of the audit:
the information given in the truslees, report (Incorporatlng the director5. report) for the financial year for
which the financial statements are prepared is consistent with Ihe financial statements. and
- the directors, report has been prepared in accordance with appllcable legal requirements.
Matters on which we are required to report by exceptlon
In the light of our knowledge and underslanding of the charitable company and its environment obtained In
the course of the audit, we have not identifled material misstatements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Comp8nies Act 2006
requires us to report to you if. in our opinion:
adequat8 accounting records have not been kept, or returns adequate for our audlt have not been recelved
from branches not visited by us. or
- the financial statements are not In agreement wilh the accounting records and returns: or
Certain disclosures of directors. remuneration speclfied by law 8re not made., or
we have not received all th8 informatlon and explanatEons we require for our audit., or
the trustees were not entitled to prepare Ihe financial statements in accordance with the small companies,
regime and take advantage of the small companies, exemptions in preparlng the dlrectors. report and from
the requirement to prepare a strategic report.
Responslbllltles of trustees
As explained more fully in the trustees. responsibllities statement set out on page 9, the trustees (who are
also Ihe dlrectors of the charilable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair vlew, and for
such internal control as the Irustees determine is necessary to enable the preparation of financial
statements Ihat are free from material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for assesslng the charitable company's
abillly to conlinue as a going concern, disclosing, as applicable. matters relaled to going concern and using
the golng concern basls of awounting unless the trustees either intend to liquidate the charitable company
or to cease operations, or have no realistic alternative but to do so.
Audltor's responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from materi81 missiatement, whether due lo fraud or error, and to issue an auditorfs report that Includes
our opinion. Reasonable assurance is a high level of assuran¢e, but is nol a guarantee that an audit
conducled in accordance with ISA5 (UK) will always detect a material misstatement when It exists.
Misstatements can arlse from fraud or error and are considered material if, individually or In the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial stalements.
12

Independent Auditors, Report to the Members of The Half Moon Young People's Theatre Llmited
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in raspect of
irregularilies. including fraud. The extent to which our procedures are capable of detecting irregularities.
including fraud is detailed below:
Our assessment focussed on key laws and regulatlons the charitable company has to comply with and
areas of Ihe financial statements we assessed as being more susceptible lo misstalement. These k8y laws
and regulations included bul were not limited to compliance with Ihe Companies Act 2006, Charlties Act
2011, taxatlon legislation, data protection and employment legislation.
We are not responsible for preventing Irregularities. Our approach to detectin9 irregularities included, but
was not Ilmited to, the following:
obtaining an understanding of the legal and regulatory framework applicable to tha charitsble company and
how the charitable company Is complying with that framework. including agreement of financial statement
disclosures to underlylng documentation and other evidence;
obtaining an understanding of the charitable company's control environment and how the charitable
company has applied relevant control procedures. Ihrough discussions with Trustees and other
management and by performing walkthrough testing over key areas.,
obtaining an understanding of the charitable company's rlsk assessment process, including the risk of
fraud;
reviewing meeting mlnutes of those charged with govemance throughout the year. and
performing audit testlng to address the risk of management overrlde of controls, including t6Sting journal
entrles and other adjustments for appropriateness, evalualing the buslness rationale of significant
transactions outside the nonnal course of business and reviewlng accountlng estlmates for blas.
Whilst considering how our audlt work addressed the detection of Irregularilies. we also considared the
likolihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to
dolect than Ihose arlsing from error.
Because of the Inherent limitations of an audlt, there is a risk that we will nol detecl all Irregulafltles,
Including those leading to a material misstatement in tha financial statements or non-compliance with
regulation. Thls risk increases Ihe mor& that compliance with a law or regulatlon is removed from the
events and transaclions reftected in the financial statements, as we wlll be less likely to becom6 aware of
instances of non-compliance. The risk is also greater regarding ir￿gU1a[itles occurring due to fraud rather
than error, as fraud involves Intentlonal concealment. forgery, colluslon. omission or misrepresentatlon.
A further description of our responsibilities for the audlt of the financial statements is located on the
Financlal Reporting Council's website at.. v•WW.frc.org.uklauditorsresponsibilities. This description forms part
of our auditor's report.
13

Independent Audltors. Report to the Members of The Half Moon Young People's Theatre Llmlted
Use of our report
This report Is made solely to the charitable company's members. as a body, In accordance with Chapler 3 of
Part 16 of the CompanSes Acl 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditor's report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable companys members as a body. for our audit
work, for this report, or for the opinions we have formed.
Mr Graham Berry FCCA (Senlor Statutory Audltor)
For and on behalf of Breckman & Company Ltd
Statutory Auditor
Chartered Certified Accountants
49 South Molton Street
London W1 K 5LH
17 July 2024
14

Th• Hawmoon Yo¢mg P•opl•'$ Th••trt Llmiiod
ILlmit•d by Guaranta•l
8tat•m•nt ol Flnandal ActIvI￿•S Iln¢ludlMo Incomè and Expendlture Accountl
for th• y••r end•d 31 Mwch 2024
Unr8stfiCtod R•strictsd
funds
lunds
2024
Tot
UNestrlctsd
funds
R¢$¢ri¢ted
fund$
2023
Ttyt•l
Not•$
In¢om• artd endowm•ntB Irom:
Donallons ond l&g8cie$- page 18
¢hadlable gcllvllies..
ProdudlonlCr881ive L&amir¥J- p•ge 16- 17
Invoslments
Olhgr
287.(￿1
287.&)1
296.717
2￿,777
274.020
2,566
20,866
246,W7
520.927
2,566
20,866
340.619
2.459
12,804
189,079
529,698
2,469
12,804
Totsl
584,4S3
248,907
831.360
652,599
189.079
841,678
Expendltur• on:
Chhritoblè adivhles..
Produdlonlcroallvo L8aNlng- pag• 18
¢Jher
626,834
1￿.730
822.564
364
708,974
6,300
174.287
83.Z61
6,300
7ot*l
627.198
195.730
822.928
71S,274
174,287
869.561
Ng1 In¢om¢ I lexpgndllur•l
Tr8nsfers between funds
{42,7451
23.060
51.177
I23.0￿)
28.117
432
162.6751
56.201
14.792
156,2011
141,4Q91
147,8831
15, 16
Not mtsvom¥nl In funds..
Reconclllition ol fund8:
Total lunds brought foNard
119.6861
8,432
16.4741
147,8831
443.210
87.270
530,480
449,684
128.679
578,363
Total lund• ¢arrl¢d forwJrd
15.1¢
423.
115.387
538,912
443.210
87.210
530.480
The no1¢8 on pages 22 10 32 form 8n ini¢grèl psrt olthese fThrti81 gt8t?rnents.
The $l•lernenl of finanaal activ4￿5 Includes al galns and108¥es Rwgru5Ed in Ihe ye8f. All Inc¥)ff* Ind expenthturtr d¢ths from cont11￿th9
15

The Half Moon Young People's Theatre Limited
(Llmited by Guarantee)
Year ended 31 March 2024
2024
2023
Income from donatlons and legacles
Grants
Art5 Council England
ACE- NPO
221,452
221,452
Chesterhill Charltable Trust
Garfield Weslon Foundation
London Borough of Tower Hamlets
1.000
25.000
32,709
25,000
38,213
58.709
63,213
280,161
284,665
Donatlons
other
6,840
12,052
287,001
296.717
Income from charltable activitles
Productlonlcreatlve Learnlng Income
In-house productions
Box office
Youth Theatre fees
Careers in Theatre fees
Co-production fees
Exchange for Change
Half Moon Presents
Digltal tourlng l on-demand
Creative Learning additional projects
L8TH - Education SLA
LBTH - Youth services SLA
Equipment I space hire
Olher income
8,608
41,224
18,630
2,570
45,032
1,250
12.612
485
56,962
5,000
70,000
8.592
3,055
25,735
33,575
19,640
2,836
27,010
10,984
36,848
245
57,727
5,000
70,000
9.096
41.923
274,020
340.819
Projed 5peclflc fundlng
GrantslDonatlons
Aclion for Bow
Acces5 Media CIC
Aldgale & Allhallows Foundation
Austin & Hope Pilkington Trust
16,335
12,322
3.111
14,760
1,000
16

The Half Moon Young People's Theatre Llmited
(Llmlted by Guarantee)
Backstage Trust
BBC Children in Need
Blackwall Reach Trust
Buzzacott
Chartered Secretaries and Administrators
Charterhousa in Southwark
City Bridge Trust
Clarion Community Grant Award
CMS
Co-operative Local Charity
The Coln Trust
DAF Bentley
Derek Shuttleworth Educatlonal Trust
East End CommunSty Foundallon
Fitton Trust
Garrick Charitable Trust
Harold Hyam Wingate
Henry Smlth Charity
Jack Petchey Foundation
Leche Trust
Merchanl Taylors Charlty
NADFAS
Newcomen Collett Foundation
Noel Coward Foundation
National Lottery Community Fund
Norton Rose Fulbright
Ocean Regeneration Trust
Prudential PIC Small Donations Fund
Queen Mary University of London
Royal Victoria Ha51 Foundallon
Save The Child￿n
Sheldon Trust
St Olave's ar¢d St Saviours Foundation
St James Place Charltable Foundatlon
Schroder Charitable Trust
Souter Charitable Trust
Tesco Community Fund
Theatr8 Passport grants
Tower Hamlets Hollday Hunger
Tower Hamlels Eco Grant
Unity Theatre
10.000
2,436
3,567
10.245
1,250
1,000
1,500
2,302
5,000
77,668
5.000
2,000
2,421
4,000
51X)
3,OlJ)
3,000
6.570
300
2,500
5,000
35,933
16,942
1,500
7,040
41.827
1.896
3,000
1,000
2,000
35,387
1,800
3,071
1,500
6,000
3,300
2,000
9,210
10,000
700
10,000
5,000
3,000
10,000
3,000
2.500
6,103
3,930
3,563
6,997
1,000
246.907
189.079
17

The Half Moon Young People's Theatre Limlted
(Limited by Guarantee)
Year ended 31 March 2024
2024
2023
Expendlture on charitable actlvltles
Productionlcreative Learning costs
Salaries
In-house productlon
Co-production
Exchang8 for Change
Venue programrnlng
Cr88tive Learning programme
Youth Theatre
372,705
37,208
40,328
20,321
40,726
138.901
64,211
346,398
55,017
24,663
40,416
36.959
155.528
53,221
714,400
712,202
Support costs - page 19
Governance costs- page 19
100.164
8,000
163.559
7,500
822.564
883,261
18

The Half Moon Young People's Theatre Llmlted
(Llmlted by Guarantee)
Year ended 31 March 2024
2024
2023
Support and governance costs
Offlce overheads
Lighuheat
Water
Telephonelfax
Insurance
Building maintenance
Equipment costs I maintenance
Website development I malntenance
Cleanlng
Depreclation
13.727
800
2,370
9.281
21.197
14,960
3,134
2.677
23.060
21,967
345
2,731
9,448
9,098
22,517
3,026
2,237
59.811
91,206
131.180
Admlnlstratlon costs
Fees
Staff training
Traveutransport
EntertalnSng
Printinglpostagelstationery
Marketing l audience development
Subscriptionslllcences
Access 18oard development
Sundrie$
2,138
1.377
7.228
733
1.108
4,6
7,181
1,675
9,240
916
972
3,841
2,785
370
1,739
706
1,869
22,509
28,719
Professlonallflnanclal
Bank charge5
Box office fees
2,030
1,496
2,217
1,443
3,526
3,660
Surplus on disposal of tangible fixed assels
(17,077)
100,164
163,559
Governance Costs
Accountancylconsultancy
Audit
500
7,500
7,500
8,000
7.51)0
108,164
171,059
19

The Half Moon Young People's Theatre Limited
(Limited by Guarantee)
Balance Sheet
31 March 2024
2024
2023
Notes
Fixed assets
Tangible assets
10
376,096
399,156
Current assets
Debtors
Cash al bank and in hand
11
135.293
99,309
43,818
260,112
234,602
303,930
Llablltlos
Credltors.. amounts falling
due within one year
12
(71,786)
{172.606)
Net current assets
162,816
131,324
Total assets less current
Ilabllltles
538,912
530,480
The funds of the Charity
Unrestricted funds
General fund
Deslgnated funds
15
3,525
420.000
112,089
331,121
423,525
443.210
Restricted funds
16
115,387
87,270
Total charlty funds
538,912
530,480
These accounts are prepared in accordance with the speclal provlslons of Part 15 of Ihe Companies Act
relating lo small ¢ompanles and constitute the annual accounts required by the Companies Act 21)06 and
are for clrGulation to members of the company.
unts were approved by the Board of Trustees on 17 July 2024 and signed on its behalf by
The acc
Dawn Harrlson-wallace (Chalr)
Trustee
The notes on pages 22 to 33 fomi an integral part of these financial statements.
20

The Half Moon Young People's Theatre Llmlted
(Llmlted by Guarantee)
Cash Flow Statemeht
for the year ended 31 March 2024
2024
2023
Notes
Cash flows from operatlng actlvllles
22
(74,490)
(10,601)
Cash flows from investing actlvities:
Divldends, interest and rents from investments
2.566
2,459
Net cash provided by Investment actlvltles
2.566
2.459
Repayments of borrowing
(88,879)
(15,183)
Net cash provlded by flnanclng actSvlties
(88,879)
(15,183)
Change In cash al bank and in hand in Ihe reporting period
Cash at bank and in hand at the beginning of the reporting
period
(160,803)
(23.3251
260,112
283,437
Cash at bank and In hand al the end of the reportlng
period
99,309
260,112
21

The Half Moon Young People's Theatre Llmlted
(Limlted by Guarantee)
Notes to the Financlal Statements
for the year ended 31 March 2024
Accounting policles
1.1. Basls of preparln9 the flnanclal statements
The financial stalements have been prepared In accordance wlth Accounting and Reporting by
Charlties.. Stat8menl of Recommended Practice (Issued in October 2019) applicable to charities
preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019) - (Charltles SORP (FRS 102)), and the
Companies Act 2006.
The charity meets the definition of a public benefit enlily under FRS 102. Assets and Ilabilities are
initially reGognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy note(s).
1.2. Debtors
Trade and other debtors are recognised at the settlement amount due after any irade dlscount
offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts
due.
1.3. Cash at bank and In hand
Cash at bank and in hand Includes cash and short term hiqhly Ilquid investments wlth a 8hort maturlty
of three months or less from Ihe date of acquisition or openlng of the deposlt or similar account.
1.4. Credltors and provislons
Creditors and provisions are recognised where the charfty has a presenl obligatlon resulting from a
past event that wlll probably result In the transfer of funds lo a third paty and the amount due to settle
the obllgation can be measured or estimated reliably. Credllors and provisions are normally
recognised at their settlement amount after allowing for any trade discounts due.
22

The Half Moon Young People's Theatre Llmlted
(Limitod by Guarantee)
Notes to the Flnanclal Statements
for the year ended 31 March 2024
1.5. Incomlng resources
All incoming resources are included in the Stat8ment of Financial Activities when:
the charity is legally entitled to the funds
- any performanc8 conditions attached to the income have been met or are fully within the control of
the charity
there is sufficient certainty that receipt of the income is considered probable
the amount can be reliably measured
Donatlons and legacles
Grantsldonations are recognised in incoming r6sourc8s in thg year in which they are recelvable,
except as follows=
when donors specify that grantsldonations given to the charity must be used in future accounting
periods, the income is deferred until those periods
when donors Impose conditions which have to be fulfilled before the charity becomes entilled to use
such income. the income is deferred and not included in incoming r8sources until the preconditions
for use are met.
Charitable activities
Production I Crealive Learning incorne - income from box office, performance fees and sundry other
thealrical Income is included in incoming resources in Ihe period in which the relevant show takes
place.
Project specific funding when donors specify that donations and grants are for particular restrlcted
purposes. which do not amount to pre-conditions regarding entitlement, th15 income Is included in
IncDming resources of restricted funds when re￿1Vable.
Donated services and facillties
Donated services or facllities are recognised as income when the charity has control over the item,
any conditions assoclated with the donated item have been met. the receipt of economlc benefit from
the use by the charlty of the Item is probable and Ihat economlc benefit can be measured reliably. On
receipt, donated $8rvices and facilities are r8cognised on the basis of the value of Ihe gift to the
charity which is the amount the charity would have been willing to pay to oblain saNices or facilities of
equivalent economlc benefi't on the open market; a corresponding amount Is then recognised in
expenditure in the period of receipt.
Investment income
Interest on funds held on deposit is included when receivable and the amount can be measured
rellably by the charity; this is normally upon notification of Ihe interest paid or payable by the Bank.
23

The Half Moon Young People's Theatre Limlled
(Limlted by Guarantee)
Notes to the Financial Statements
for the year 8nded 31 March 2024
1.6. Expendlture
All expenditure is included on an accruals basis indusive of any VAT which cannot be recovered and
is recognised when..
there is a legal or constructive obligation to make a payment
it is probable that settlement wlll be requlred
the amount of the obligation can be measured reliably
Charltable actlvlties
Production I Creative Learnlng costs
programmes in the year,
costs incurred in theatre production and particpatory
- Support costs
The administrative and overhead costs assoclated with running the office from whlch the company
Operates as well as governance costs. Support ¢05ts are wholly attributable to theatre production
costs.
- Governance costs
Costs assoclated with the constitutional and statutory requirements of the charity,
1.7, Tanglble fixed assets and depreclatlon
Individual fixed assets costing £2,500 or more are capitalised al cosl.
Depreciation is provlded at annual rates calculated to wrlte off the cost less resldual value of each
asset over Its expected useful life, as follows:
Freehold landlbulldings
The company's pollcy is to maintaln Its property to a high standard
through a continual programme of refurbishment and maintenance.
In accordance with this practice depreclation is not provlded on
freehold properlies where, in the opinlon of the directors, the
residual values {in terms of origlnal cost) are such that any
depreciation charge would be immaterial. Expenditure on
refurbishment and maintenance is written off in the period it Is
expended.
Freehold improvements
Office equipment
Fixtureslflttingslequipment
Motor vehlcles
20Yo Straight line
33% straight line
25.fi straighl line
25% straighl line
1.8. Penslons
The company operates a defined contribution scheme for the benefit of its employees. Contributions
payable are recognised as expenditure when due.
24

The Half Moon Young People's Theatre Llmlted
(Limiled by Guarantee)
Notes to the Financial Statements
for the year ended 31 March 2024
1.9. Fund accounting
Funds held by the charity are either..
Unrestricted general funds - these are funds which can be used in accordance with th8 charitable
oblects at the discretion of the trustees.
Designated funds - these are unrestricted funds of the charity which the trustees have decided at
theif discretion to set aside to use for a speclfic purpose.
Restricted funds - these are funds that can only be used for particular restricted purposes within the
objects of the Charity. Restrictions arise when specified by the donor or when funds ar& raised for
particular restricted purposes.
Further 8xplanation of the nature and purpose of each fund is included in the notes to the financial
statements.
1.10, Flnanclal Instrument8
The charity only has financial assets and financial Ilabilities of a klnd that qualify as basic financlal
Instruments. Baslc flnancial instruments are initially recognised at transacllon value, and
subsequently measured al their settlement value (with the 8xceplion of bank loans which are
subsequently measured at amortised cost using the effective interest method).
1.11. Signiflcant Accountlng Estimates and Judgements
In determining the carrying amounts of certain assets and Ilabililies, the charity makes assumptions of
the effects of un￿rtain future events on those assets and liabilities at the balance sheet date. The
harity's estimates and assumptions are based on historlcal experience and expeclatlon of future
events and are reviewed annually.
Incoming resources
The total Incomlng resources for the year have been derived from the principal activity undertaken
wholly in the UK.
Other Income (TTR)
2024
2023
Theatre Tax Relief (TTR)
20,866
12,804
Interest payable
2024
2023
0n108nslov8rdrafts
364
6,300
25

The Half Moon Young People's Theatre Limlted
{Limited by Guarantee)
Notes to the Financial Statements
for the year ended 31 March 2024
Net Incomellexpendlture) for the year is
stated after charging:
2024
2023
Depreciation of tangible fixed assets
Bank interest payable
23.060
364
59,811
6,300
Auditors, remuneration
exlernal audil
other services
7,500
500
7.500
and after credlling:
Profit on disposal of langible fixed assets
17,077
Trustees, emoluments and relmbursed expenses
The Irustees received no remuneration during the year (2023 - £nil).
The aggregated amount reimbursed to trustees durlng the year was £nil (2023 - £nil).
Staff costs and numbers
2024
2023
Staff costs
Salaries and wages
Social security costs
Penslon costs
335,397
29,850
7,458
310,193
28.532
7,673
372,705
346,398
Two employees earned £60,000 or mor8 during the year (2023 - one).
The key management personnel of Ihe Gharty Gomprise Ihe Trustees and the Senior Management
Team. The total employee benefits of the key management personnel of the charity were £130.432
(2023: £123,357).
Staff numbers
The average numbers of employees (Includlng casual and part Ilme staff) during the year was made
up as follows..
2024
Number
2023
Number
Productionlcreative Learning
10
10
26

The Half Moon Young People's Theatre Limited
(Llmlted by Guarantee)
Notes to the Flnancial Statemenls
for the year ended 31 March 2024
Penslon costs
The company operates a defined contrlbution pension scheme in respect of its employees. The
scheme and its assets are held by indépendent managers. The pension charge represents
contributions due from the company and amounted to £7.458 (2023 - £7.673).
Corporatlon taxatlon
The charity is exempt from tax on income and galns falling within section 505 of the Taxes Acl 1988
or section 252 of the Taxation of Chargeable Gains AGt 1992 to th8 exlent that these are applied to its
charitable objects.
10.
Fixed assets - tanglble assets Freehold
landl
bulldlngs
Fixturesl
flttlngsl
equipment
Motor
vehlcles
Total
Cost
1 April 2023
Disposals
432.853
25,956
14,440
{14.440}
473,249
{14,440)
31 Msrch 2024
432,853
25,956
458,809
Depreclatlon
1 April 2023
On disposals
Charge for year
49.712
9,941
14,440
(14,440)
74,093
(14,440)
23,060
16.571
6.489
31 March 2024
66.283
16,430
82,713
Net book values
31 March 2024
366,570
9,526
376,096
31 March 2023
383,141
16.015
399.156
As part of the purchase contract with Tower Hamlets, if the freehold property is sold within 10
years of purchase, 100¥0 of the surplus on sale, less any investment made in the property, is
payable to Tower Hamlets. Thereafter for 70 years 500/0 of the surplus is payable. The Freehold
was purchased on 16 February 2008.
27

The Half Moon Young People's Theatre Limited
(Llmlted by Guarantee)
Notes to the Flnancial Statements
for the year ended 31 March 2024
11. Debtors
2024
2023
Trade debtors
Other debtors
Prepaymentslaccrued incom8
68,814
17,077
49,402
10,354
33.464
135,293
43,818
12. Creditors: amounts falllng due
wlthln one year
2024
2023
Bank loan
other taxatlonlsocial security
other credltors
Accruals
Deferred incorne {nole 13)
88.879
17,755
8,652
16,015
41,305
17,867
424
8,000
45.495
71,786
172,606
13. Deferred income
Balance at 1 Aprll 2023
41,305
Amount released to incomlng resources
Amount deferred in Ihe year
(41,305)
45,495
Balance at 31 March 2024
45,495
Deferred income relates to grant. fee and box office income recelved in advance.
14. Limlted by guaranteo
The prlvate limited company is limited by guarantee, registered In EW - England and Wales, and does
not have a share capital. Each member glves a guarantee to conlribute a sum. not eX￿edIng £1, to
the company should it be wound up. At 31 March 2024 there were 9 members.
28

The Half Moon Young People's Theatre Llmlted
(Llmlted by Guarantee)
Notes to the Financial Ststements
for the year ended 31 March 2024
15.
Unrestricted funds
Brought
forward
Incomlng
resources
Outgoing
resources
Transfers
Carrled
forward
General fund
Designated funds:
Capital fund
Operational reserve
112.089
584,453
{627.198)
(65,819)
3,525
261,121
70,000
88.879
350,000
70,000
443,210
584,453
(627,198)
23,060
423,525
Capltal fund
Thls has been set aside as an equilisation of the value of the freehold propety.
Operatlonal reserve
Monies set aside to support the company in the case of unexpected changes In fundlng and to meet
unplanned exp6nditure and capilal expenditur8.
29

The Half Moon Young People's Theatre Limlted
(Limlted by Guarantee)
Notes to the Financlal Statemenls
for the year ended 31 March 2024
16. Restrlcted funds
Brought
forward
Incoming
resources
Outgolng
resources
Transfers
Carrled
for4vard
Flxed asset5
Youth Theatre
Artislic Programme
Speech Bubbles
Careers in Theatre
HAF
ASCS
Creative Play
Summer School
Trainees
Other
57,435
77.668
56,508
2,000
3,500
10,000
3.563
72,465
6,810
(23,060)
112,043
(56,508)
(2,000)
(3,500)
(10,000>
(3.563)
(72,465>
(6,810)
(7,040)
(8,323)
(25,521)
7,040
7.327
15,468
13,397
3.344
87,270
246,907
{195.730)
(23.060)
115,387
Flxed assets
This fund represents the amount reGelved from Arts Council England capltal grant plus other capltal
grants specifically for the purchase of fixed assets. The funds are transferred to the general fund over
the expected useful Ilfe of the assets.
The balance at 31 March 2024 is attrlbutable to-
Freehold land and buildings
Flxlureslfittingslequipment
Future capltal expendlture
16,570
9,526
85,947
112,043
Youth Theatre
Grants towards the costs of the youth theatre programme.
Artlstlc Programme
Grants towards the cosls of supporting artists andlor professional productions.
Speech Bubbles
Grants towards the costs of the programme to support chlldren with speech, language and
communication issues.
Careers In Theatre
Grants towards the programme to give teenagers hands-on experlence of the careers available in the
30

The Half Moon Young People's Theatre Llmlled
(Limited by Guarantee)
Notes to the Flnanclal Statements
for the year ended 31 March 2024
HAF
Grant to provide sumrner holiday activities. including free hot meals.
ASCS
Grants towards Ihe costs of the after-school drama group programme.
Creatlve Play
Grants towards the programme for pre-school children.
Summer School
Grants towards the summer school for young people with complex disabillties.
Tralnees
Grants towards the programme to support recent school leavers to move on to further training or
employment in the arts.
Bursarles
Funding towards paid intemshlps or schem8s such as Kickstsrt.
Other
Grants towards the delivery of specific small-scale projects.
Restrlcted funds note for the year ended 31 March 2023..
Brought
forward
Incomlng
resources
Outgolng
resources
Transfers
Carried
forward
Fixed assets
Youth Theatre
Artistic Programm8
Speech Bubbles
Careers in Theatre
ASCS
Creative Play
Summer School
Trainees
Bursaries
Other
113,636
(56.201)
57,435
23,050
5,000
3,833
5,000
55,617
24,456
7,040
12.500
18.613
33.970
(23,050)
{5,000)
(3,833)
(6,629)
{55,617)
(28,699)
{7.040)
{5,173)
(18.613)
(20,633)
1,629
4.243
7.040
7.040
7.327
2.131
15.468
128.679
189.079
(174,287)
{56,201)
87,270
31

The Half Moon Young People's Theatre Llmited
(Llmited by Guarantee)
Notes to the Flnancial Statements
for the year ended 31 March 2024
17. Analysls of net assets between funds
General
funds
Restrlcted
funds
Total
Fund tsalan￿s at 31 March 2024
are represented by:
Tanglble fixed assets
Net current assets
350,000
73.525
26,096
89.291
376.096
162,816
423,525
115,387
538.912
18.
Financlal commitments
At 31 March 2024 Ihe company had total commltments under non-cancellable operating leases as
follows..
2024
2023
Due..
Wllhln one year
Be￿een one and flve years
5,888
17,664
5,888
23,552
23,552
29,440
19. Capltal ¢ommltments
There are lift works scheduled for April and May 2024 with an approximate cost of £139,000 fully
funded by a capitsl grant from The City Bridge Trust.
20. Related party transactlons
Trustees made a totsl of £2,200 (2023: £1,260) donation5 during the year.
32

The Half Moon Young People's Theatre Limited
(Limlted by Guarantee)
Notes to the Flnanclal Statements
for the year ended 31 March 2024
21. Analysls of changes in net funds
Openlng
balance
Cash
flows
Closlng
balance
Cash at bank and in hand
260.112
(160,803)
99.309
Debt due within one year
(88,879)
88.879
Net funds
171.233
(71,924)
99.309
22. Reconclllatlon of net Incomel(expendlture) to net cashflow from operatlng actlvltles
2024
2023
Net Incomell8xpanditure) for the
reporting perlod (as per the
Statement of financial acuvitles)
Depreciation
Dividends, interest and rents from Investrnents
(Surplus) on the disposal of fixed assets
(Increase) In debtors
{Decreas6) in creditors
8.432
(47,883)
23,060
(2,566)
{17.077)
(74,398)
(11,941)
59.811
(2,459)
(14,865)
(5,205)
Net cash oufflow from operatlng actlvltles
(74,490)
110.601)
33