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|Directors:|||Simon Allford||||||
|---|---|---|---|---|---|---|---|---|
||||Joshua Berger CBE||||||
||||Pete Constanti||||||
||||Chris De Pury (appointed||3'"December 2020)||||
||||Martin Gafsen||||||
||||Anthony
Gibbon (Chairman)||||||
||||Jacky Griffin (resigned 29'" September 2020)
Kathleen
Hall (appointed 23"June 2021)||||||
||||Christine
Mason||||||
||||The Hon. Natasha
Rayne||||||
||||Lady Rayne Lacey||||||
||||Aref Lahham||||||
||||James Lock||||||
||||Lesley Main (appointed|23'"June|||2021)||
||||Nick Millican||||||
||||Ashley
Muldoon||||||
||||Matthew Rose (Treasurer)||||||
||||Prof. Jonathan
Shalit OBE||||||
||||Jude Tyrrell (resigned 2" i||July 2020)||||
||||Phoebe Vela-Hitchcox||||||
|Non-Executive||Directors:|Dame Judi Dench CH DBE||||||
|Executive|Officers:||Louise Perry (Managing|Director)|||||
||||Paul Morrall (Director of Education
Lou Stein (Artistic Director —until||||8Training)
31s March 2021)||
|Honorary|Presidents:||The Hon. Natasha
Rayne|(President)|||||
||||The Lady Rayne Lacey (President||||Emeritus)||
|Ambassadors||Ik Guardians:|Jo Collins MBE (Founder)||||||
||||Mary Ward MBE (Founder)||||||
|Company|Secretary:||Daniel Beacock||||||
|Registered|Office:||Chicken Shed Theatre||||||
||||290Chase Side, Southgate,|||London, N14 4PE|||
|Company|Registration:||Number 02705172 (England|||and Wales)|||
|Registered|Charity:||Number 1012369||||||
|Bankem:|||Barclays Bank pic||||||
||||Media Bank Centre||||||
||||1stFloor, Soho Square||||||
||||London W1D 3QR||||||
|Auditors:|||Alliotts LLP||||||
||||Imperial
House||||||
||||8 Kean Street, London||||||
||||WC2B 4AS||||||
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|||Unrestricted|Restricted|2021|Unrestricted|Restricted|2020|
|---|---|---|---|---|---|---|---|
||Note|Fund|Fund|Total|Fund|Fund|Total|
|Income from:||||||||
|Donations and legacies||531,491|143,822|675,313|380,504|38,400|418,904|
|Charitable
activities:||||||||
|Grants|3|127,352|530,754|658,106|64,000|495,822|559,822|
|Productions||38,879||38,879|437,604|4,617|442,221|
|Subscriptions||171,607|2,491|174,098|210,243|15,291|225,534|
|Education||1,086,309||1,086,309|1,093,823|10,262|1,104,085|
|Agency,
royalties and||||||||
|other income||15,451||15,451|75,648|(845)|74,803|
|Merchandising||99||99|4,458||4,458|
|Bar and catering|||||11,384||11,384|
|Other trading activities:||||||||
|Fundraising
events and||||||||
|activities||12,765||12,765|654,096||654,096|
|Commercial
trading|6|(6,388)||(6,388)|492,841||492,841|
|Investments||690||690|703||703|
|Other Operating
income:||||||||
|Government
Grants||695,220||695,220||||
|Total Income||2,673,475|677,067|3,350,542|3,425,304|563,547|3,988,851|
|Expenditure
on:||||||||
|Raising funds:||||||||
|Fundraising,
marketing||||||||
|and promotional|5|484,768|23,832|508,600|738,815|42,077|780,892|
|Commercial
trading|6|224,709||224,709|322,707||322,707|
|Charitable
actwities|7|1,508,026|603,163|2,111,189|1,969,673|445,136|2,414,809|
|Other|8|71,622|1,493|73,115|72,857|2,885|75,742|
|Total Resources
Expended|10|2,289,125|628,488|2,917,613|3,104,052|490,098|3,594,150|
|Net Income/(expenditure)||384,350|48,579|432,929|321,252|73,449|394,701|
|Fund balance brought
forward
at 1"April 2020||7,331|2,576,050|2,583,381|(313,921)|2,502,601|2,188,680|
|Fund balance carried
forward
at 31e March 2021||E391,681|E 2,624,629|F 3,016,310|E7,331|F 2,576,050|E 2,583,381|
##
##
##
|||||Group|Group|Trust|Trust|
|---|---|---|---|---|---|---|---|
||||Note|2021|2020|2021|2020|
|Fixed assets||||||||
|Tangible assets|||12|2,292,858|2,314,055|2,288,488|2,309,060|
|Investment|||13|||1|1|
|||||2,292,858|2,314,055|2,288,489|2,309,061|
|Current Assets||||||||
|Stocks- goods for||resale|||2,545||2,545|
|Debtors|||14|349,772|321,402|364,518|649,688|
|Bank and|cash balances|||937,291|417,967|934,402|332,993|
|||||1,287,063|741,914|1,298,920|985,226|
|Creditors,|amounts|falling||||||
|due within|one year||15a|(538,883)|(340,818)|(521,950)|(749,270)|
|Net Current assets||||748,180|401,096|776,970|235,956|
|Total Assets less Current||||||||
|Liabilities||||3,041,038|2,715,151|3,065,459|2,545,017|
|Creditors,|amounts|falling due||||||
|after more|than one|year|15b|(24,728)|(131,770)|(24,728)|(131,770)|
|Net Assets||||83,016,310|82,583,381|F 3,040,731|E2,413,247|
|Funds||||||||
|Restricted|||16|2,624,629|2,576,050|2,624,629|2,576,050|
|Unrestricted|||16|391,681|7,331|416,102|(162,803)|
|||||83,016,310|E2,583,381|F 3,040,731|F 2,413,247|
##
##
|||||Group|Group|Trust|Trust|
|---|---|---|---|---|---|---|---|
|||Note||2021|2020|2021|2020|
|Net Cash Inflow/(OuNow)||||||||
|From Operating
Activities||||636,669|315,371|718,753|225,403|
|Returns on Investment||||||||
|and Servicing ofFinance||||||||
|Interest Received||||690|703|690|703|
|Capital Expenditure||||||||
|Purchase oftangible
fixed assets||||(118,035)|(90,995)|(118,035)|(86,000)|
|Investments||||||||
|Increase/(Decrease)
in cash||||6519,324|6225,079|6601,409|F 140,105|
|Reconciliation
of Net Outgoing||Resources|to|||||
|Net Cash (OuNow)/inflow|from|Operating|Activities|||||
|||||Group|Group|Trust|Trust|
|||||2021|2020|2021|2020|
|Net Incoming/(Outgoing)|Resources|||432,929|394,701|627,484|224,567|
|Interest Received||||(690)|(703)|(690)|(703)|
|Depreciation||||139,232|145,897|138,606|145,897|
|Decrease/(Increase)
in stock||||2,545||2,545||
|(Increase)/Decrease
in debtors||||(28,370)|(24,234)|285,170|(352,520)|
|Increase/(Decrease)
in creditors||||91 023|200290|334362|208 162|
|Net cash Infiow/(Oufflow)|from|||||||
|Operating
activities||||6636,669|6315,371|F718,753|F225403|
|Analysis of Net Cash||||||||
|||||||Grou|TnJst|
|Cash at bank and
in hand|—at 1"April 2020|||||6417,967|F332,993|
|Increase/(Decrease)
in cash during the year||||||6519,324|F601,409|
|Cash at bank and
in hand|—at 31a March 2021|||||6937,291|F934,402|
##
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##
##
##
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##
##
|Grants received
during the|Grants received
during the|year include the following:|year include the following:|year include the following:|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E|F|
|For COVID support:|||||||
|Arts Council England|||||95,673||
|The Greenoaks
Charitable|Trust||||2,544||
|Rotary Club|||||500||
|For Children's
and Youth|Theatre:||||||
|BBCChildren
in Need|||||2,497|9,967|
|The Childhood
Trust|||||10,500|10,500|
|The Greenoaks
Charitable|Trust||||3,800|3,800|
|John Horniman's
Children's||Trust||||3,000|
|Kensington
&Chelsea Foundation-|||||15,000||
|The Mackintosh
Foundation||||||1,680|
|The Mercers' Company||||||91,345|
|Newman's
Own Foundation||||||3,717|
|The Julia & Hans Rausing|Trust||||100,238||
|The Vandervell
Foundation|||||3,000|3,000|
|Young Creators scheme:|||||||
|EBM Charitable
Trust|||||15,000|15,000|
|For Production:|||||||
|Ernest Hecht Charitable
Foundation||||||8,528|
|For Education:|||||||
|Ernest Hecht Charitable
Foundation||||||50,339|
|The Freed-Phillips
Family Fund||||||5,000|
|Goldman Sachs Gives|||||5,000|5,000|
|The Greater London Authority —Young Londoners||||Fund|47,971|23,986|
|The Joseph Levy Foundation||||||25,000|
|Killick &Co Charitable
Trust|||||2,500|2,500|
|Kirby Laing Foundation|||||5,000|5,000|
|Network
for Social Change|||||18,090||
|Office for Students|||||117,739|51,261|
|The Presidents
Club||||||14,500|
|The Red Hill Trust||||||3,200|
|The Rotary Club, Enfield|||||1,000||
|The Thomson
Family Charitable|||Trust|||50,000|
|For building
and facilities:|||||||
|The Span Trust||||||2,500|
|The Story of Christmas||||||40,000|
|For Outreach
projects:|||||||
|Bupa UK Foundation||||||23,000|
|City Bridge Trust|||||19,510||
|Derwent
London|||||5,000||
|John Lyon's Charity|||||29,000|29,000|
|London
Borough of Enfield|||||5,208||
|The National
Lottery|||||27,984||
|MK Rose Charitable
Trust|||||3,000||
|The Royal Borough of Kensington|||and Chelsea||10,000||
##
##
##
##
|General:|||||||
|---|---|---|---|---|---|---|
|The A & R Woolf Charitable||Trust||||500|
|American
Friends of Chickenshed|||||36,352||
|The Andor Charitable
Trust||||||7,500|
|Anonymous||||||5,000|
|The Beale Trust|||||500||
|The Boris Karloff Charitable||Foundation|||1,000||
|Chapman
Charitable
Trust|||||2,000|2,000|
|The EC Sosnow Charitable||Trust||||3,000|
|lan MacTaggart
Trust|||||1,500||
|International
Music and Art||Foundation|||18,000|18,000|
|The Lawson Foundation|||||10,000||
|The Madison
Foundation|||||5,000|10,000|
|Mazars Charitable
Trust||||||1,000|
|MK Rose Charitable
Trust|||||30,000||
|Multithon
Trust||||||100|
|The Rayne Foundation|||||5,000||
|The Sheldonia
Charitable|Trust||||3,000|3,900|
|The Sir Robert Horton Charitable|||Trust Fund|||1,000|
|The Taurus
Foundation|||||15,000|10,000|
|The Worshipful
Company|of Builders'|||Merchants||2,000|
##
##
||||2021|2020|
|---|---|---|---|---|
|Income|||3,320,387|3,496,010|
|Total Income|||3,320,387|3,496,010|
|Expenditure|on:||||
|Raising Funds|||508,600|780,892|
|Charitable|Activities||2,111,189|2,414,809|
|Other|||73,115|75,742|
|Total Resources Expended|||2,692,904|3,271,443|
|Net income|||627,485|224,567|
|Total funds brought||forward|2,413,247|2,188,680|
|Total funds|carried|forward|3,040,732|2,413,247|
|Represented|by:||||
|Restricted|funds||2,624,629|2,576,050|
|Unrestricted|funds||416102|162,803|
||||3,040,731|2,413,247|
##
##
##
##
|he summary
ofthe financial
pe|rformanc|e|ofthe subsidi|ary
alone|is:|||
|---|---|---|---|---|---|---|---|
||||||2021||2020|
|Turnover|||||(6,388)||492,841|
|Other Operating
income —Government||Grants|||36,543|||
|Total Income|||||30,155||492,841|
|Cost ofsales and administration|costs||||54, 575||322,707|
|Net (loss)/profit|||||(24,420)||170,134|
|Amount
giR aided to the trust|||||170 134|||
|Retained
in subsidiary|||||194554||170 134|
|The assets and liabilities ofthe|subsidiary||were:|||||
|Current assets|||||8,276||537,511|
|Current
liabilities|||||32,695||367376|
|Total net assets|||||24419||170135|
|Share capital and reserves||||F|24,419|F|170,135|
##
##
##
##
|Expenditure
on Charitab|le|Activi|ties|||||
|---|---|---|---|---|---|---|---|
|||||2021|||2020|
|Wages||||||||
|- National
Development|and|||||||
|Training
Programme|||382,634|||418,648||
|-Production
and Artistic||||||||
|Direction|||339,349|||361,315||
|-Front of House and Box||Office|130,236|||111,660||
|-Education|||502,259|||497,218||
||||||1,354,478||1,388,841|
|Other direct expenses||||||||
|-Production
and Workshops|||24,250|||167,563||
|-Education|||134,082|||158,106||
|-Merchandise|||2,336|||1,053||
|-Barand Catering|||208|||614||
|-Depreciation
(Restricted||Fund)|72,013|||69,933||
||||||232,889||397,269|
|Allocation ofsupport costs|||||523,822||628,699|
|||||F|2,111,189||2,414,809|
##
##
|Other co|sts||||||
|---|---|---|---|---|---|---|
|||||2021||2020|
|Wages||||39,023||39,023|
|Audit||||19,000||19,000|
|Allocation|ofsupport|costs||15,092||17,719|
||||F|73,115|E|75,742|
##
##
##
##
|||||2021||2020|
|---|---|---|---|---|---|---|
|Wages||||410,352||397,698|
|Depreciation||||54,721||61,958|
|Rent||||23,582||66,996|
|Light and heat||||33,229||52,516|
|Cleaning||||23,340||30,055|
|Maintenance||||71,385||85,094|
|Insurance||||38,287||38,679|
|Legal fees|||||||
|Consultancy|Fees|||7,642||12,869|
|Telephone||||8,116||9,507|
|Postage||||1,329||3,555|
|Printing,
stationery||and computer costs||11,702||20,330|
|Travel and Motor||||1,695||7,712|
|Miscellaneous||||28,739||42,981|
|Loan interest||||2,000||2,000|
|Irrecoverable|VAT|||66,460||118,490|
|Bad Debt Expense|||||||
|Training
and|recruitment|||1,399||3,104|
||||F|783,978|E|953,544|
|charge to:|||||
|---|---|---|---|---|
|||2021||2020|
|Charitable
expenditure||523,822||628,699|
|Raising funds||245,065||307,126|
|Other costs||15,091||17,719|
||F|783,978|F|953,544|
##
|Net income|/(e|xpenditure)|is|stated aRer charging:|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||F|F|
|Depreciation||-restricted|fund||83,886|83,937|
|||-unrestricted||fund|55,346|61,960|
|Audit fees|||||19,000|19,000|
|Operating|leases - land and|||buildings|23,582|66,996|
##
##
##
##
|ff costs during
the year|were as follows:||||
|---|---|---|---|---|
||Group|Group|Trust|Trust|
||2021|2020|2021|2020|
|Wages and salaries|1,842,746|1,948,613|1,803,368|1,871,650|
|Social security costs|154,313|154,746|151,612|149,023|
|Other pension costs|50,019|51,512|49,338|51,049|
|Contract staff|22,862|31,579|22,862|31,579|
|Termination
payments||374||374|
||F2,069,940|F 2,186,824|62,027,180|F 2,103,675|
|||Group|Group|Trust|Trust|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|Administration|and finance|10|10|10|10|
|Artistic and education||48|52|48|52|
|Fund raising and publicity||7|8|7|8|
|Production||3|5|3|5|
|General management||||||
|Front of house|||3|||
|Boxoffice|||7|||
|Building
maintenance|||8|||
|Catering|||13|||
||||106|85|93|
|naging|Director's Remuneration
was as|follows:||
|---|---|---|---|
|||2021|2020|
|Salary||F 52,031|F 52,031|
|Pension|Costs|F 1,561|6 1,561|
##
##
##
##
|||||||Fixtures,||
|---|---|---|---|---|---|---|---|
|||||||Fittings||
|||Leasehold||Theatre||and other||
|||~Pro e||~Ei
t||~Ei
t|Total|
|Cost or valuation||||||||
|At 1stApril 2020||3,458,160||849,520||881,359|5,189,039|
|Additions||||62,617||55,418|118,035|
|Disposals||||||||
|At 31stMarch 2021||3,458,160|F|912,137|F|936,778F|5,307,074|
|Depreciation||||||||
|At 1st April 2020||1,458,315||759,616||657,053|2,874,984|
|Charge for the year||69,166||22,904||47,162|139,232|
|Disposals||||||||
|At 31st March 2021|F|1,527,481|5|782,520|5|704,2156|3,014,216|
|Net book value||||||||
|At 31stMarch 2021||1,930,679|F|129,617|F|232,563F|2,292,858|
|At 31st March 2020|F|1,999,845|F|89,904|F|224,306F|2,314,055|
##
##
##
|he Charitable
company||||||||
|---|---|---|---|---|---|---|---|
|||||||Fixtures,||
|||Leasehold
~Pro e||Theatre
~Et||Fittings
and other
~Et|Total|
|Cost or valuation||||||||
|At 1stApril 2020||3,458,160||849,520||876,364|5,184,044|
|Additions||||62,617||55,418|118,035|
|Disposals||||||||
|At 31stMarch 2021||3,458,160|F|912,137|F|931,782|F5,302,079|
|Depreciation||||||||
|At 1st April 2020||1,458,315||759,616||657,053|2,874,984|
|Charge for the year||69,166||22,904||46,536|138,606|
|Disposals||||||||
|At 31st March 2021|F|1,527,481|5|782,520|5|703,5895|3,013,590|
|Net book value||||||||
|At 31stMarch 2021||1,930,679|F|129,617|F|228,192F|2,288,488|
|At 31st March 2020|F|1,999,845|5|89,904|5|219,311f|2,309,060|
##
##
##
##
##
|ebtors|||||
|---|---|---|---|---|
||Group|Group|Trust|Trust|
||2021|2020|2021|2020|
|Trade debtors|18,866|62,701|18,236|55,615|
|Accrued income|238,412|157,372|238,412|157,371|
|Prepayments|60,239|65,022|60,239|65,022|
|Amount due from subsidiary|||15,376|339,719|
|Other debtors|32,255|36,307|32,255|31,961|
||F349,772|F321,402|8364,518|8649,688|
##
||||Group|Group|Trust|Trust|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
|VAT, payroll||taxes and social|||||
|security|payable||47,144|65,894|35,596|48,031|
|Deferred|income||99,481|76,906|99,481|73,066|
|Accruals|||87,152|74,142|81,402|68,392|
|Amount|due|to subsidiary|||388|440,725|
|Other creditors|||205,106|123,876|205,083|119,056|
|Loans|||100,000||100,000||
||||F538,883|6340,818|6521,950|F749,270|
##
##
##
##
|reditors, amo|unts
falling d|ue after more th|an one year|||
|---|---|---|---|---|---|
|||Group|Group|Trust|Trust|
|||2021|2020|2021|2020|
|Loans|||100,000||100,000|
|Hire purchase|agreement|24,728|31,770|24,728|31,770|
|||F24,728|8 131,770|F24,728|8 131,770|
##
|Analysis of Net A|ssets Between F|unds||||||
|---|---|---|---|---|---|---|---|
||||Restricted||Unrestricted|||
|2020:Group|||Funds||Funds||Total|
|Fixed assets|||2,059,278||254,777||2,314,055|
|Net current assets|||516,772||(247,446)||269,326|
|||F|2,576,050|F|7,331|F|2,583,381|
||||Restricted||Unrestricted|||
|2020:Charitable|Company||Funds||Funds||Total|
|Fixed assets|||2,059,278||249,783||2,309,061|
|Net current assets|||516,772||(412,586)||104,186|
|||F|2,576,050|F|(162,803)|F|2,413,247|
||||Restricted||Unrestricted|||
|2021:Group|||Funds||Funds||Total|
|Fixed assets|||2,041,673||251,185||2,292,858|
|Net current assets|||582,956||140,496||723,452|
|||F|2,624,629||6391,681|F|3,016,310|
||||Restricted||Unrestricted|||
|2021:Charitable|company||Funds||Funds||Total|
|Fixed assets|||2,041,673||246,816||2,288,489|
|Net current assets|||582,956||169,286||752,242|
|||F|2,624,629|F|416,102|F|3,040,731|
##
##
|Group and charitable
co|mpany
Re|stricted funds (con|tinu|ed)||||
|---|---|---|---|---|---|---|---|
|||Brought||Incoming||Outgoing|Carried|
|||Forward|Resources||Resources||Forward|
|National
lottery||1,967,691||||(69,165)|1,898,526|
|Minibus||4,303||||(2,459)|1,844|
|New classroom||8,804||||(4,038)|4,766|
|Building Management
System||4,710||||(1,661)|3,049|
|Artistic programme||137,823||30,984||(41,506)|127,301|
|Chickenshed
Kensington|&Chelsea|15,000||113,329||(118,648)|9,681|
|Children
&Youth theatre|Programme|22,372||25,005||(25,025)|22,352|
|Education
programme||181,967||186,710||(255,573)|113,104|
|YC Support
Initiative||||40,000||(6,667)|33,333|
|Outreach
programme||77,456||71,600||(44,249)|104,807|
|COVID Support||||98,717||(3,044)|95,673|
|AV/IT &theatre equipment||43,998||||(1,910)|42,088|
|Studio theatre development||30,574||||(902)|29,672|
|Young Creators programme||19,785||55,000||(42,687)|32,098|
|Kitchen Refurbishment||40,000||||(170)|39,830|
|Rayne Theatre Flooring||12,900||||(2,580)|10,320|
|Office Refurbishment||8,667||||(1,000)|7,667|
|The Wendy House Project||||20,000|||20,000|
|Children
Connecting
Communities||||35,722||(7,204)|28,518|
|||62,576,050|6|677,067|6|(628,488)|6 2,624,629|
|National
Lottery
funding
building,
and depreciation|is restricted
to the costs of the
ofthose costs, over the period||construction
ofthe lease.||and|furnishing|of the theatre|
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