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|Annual|Report|Report|ofthe Directors/ Achievements|ofthe Directors/ Achievements|and Performance|and Performance||
|---|---|---|---|---|---|---|---|
|||~|Overview||||4|
|||~|Strategies
Employed to Achieve Charity's|||Aims 8 Objectives|5|
||||o
Performance||||5|
||||o
Young Company||||5|
||||o
Education||||6|
||||o
Community|& Outreach|||7|
||||o
Training
& Partnerships||||8|
||||o
Volunteers||||8|
|||~|Financial Results|&Commentary|||9|
|||~|Directors||||9|
|||~|Auditors||||10|
|||~|Disclosure ofthe|Information|to Auditors||10|
|Statement||of Directors' Responsibilities||||||
|Independent
Auditor's
Report|||||||12|
|Financial||Statements|||||16|
|Notes|to the Financial Statements||||||19|
##
##
|Directors:|||Simon Allford||||
|---|---|---|---|---|---|---|
||||Pete Constanti||||
||||Richard Croft||||
||||Chris De Pury||||
||||Martin Gafsen||||
||||Anthony
Gibbon (Chairman)||||
||||Kathleen
Hall||||
||||Brendan
Kerr||||
||||The Hon. Natasha
Rayne||||
||||Lady Rayne Lacey||||
||||Aref Lahham||||
||||James Lock||||
||||Dr Lesley Main (resigned|12'" November 2022)|||
||||Nick Millican||||
||||Ashley
Muldoon||||
||||Matthew Rose (Treasurer)||||
||||Theodor Sergiou||||
||||Prof. Jonathan
Shalit OBE||||
||||Phoebe Vela-Hitchcox||||
|Non-Executive||Directors:|Dame Judi Dench CH DBE||||
|Executive|Officers:||Louise Perry (Managing|Director)|||
||||Paul Morrall (Director of|Education||&Training)|
|Honorary|Presidents:||The Hon. Natasha
Rayne|(President)|||
||||The Lady Rayne Lacey (President|||Emeritus)|
|Ambassadors||&Guardians:|JoCollins 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||||
|Bankers:|||Barclays Bank pic||||
||||Media Bank Centre||||
||||1st Floor, Soho Square||||
||||London W1D 3QR||||
|Auditors:|||Alliotts LLP||||
||||Manfield
House||||
||||1 Southampton
Street, London||||
||||WC2R OLR||||
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|||Unrestricted|Restricted|2023|Unrestricted|Restricted|2022|
|---|---|---|---|---|---|---|---|
||Note|Fund|Fund|Total|Fund|Fund|Total|
|Income from:||||||||
|Donations and legacies||267,503|26,393|293,896|621,207|34,248|655,455|
|Charitable
activities:||||||||
|Grants|3|144,353|848,222|992,575|140,499|619,556|760,155|
|Productions||529,140||529,140|363,235|582|363,817|
|Subscriptions
Education||234,736
1,264,360|2,459
2,160|237,195
1,266,520|200,099
1,153,546|9,441
1,560|209,540
1,155,106|
|Agency, royalties
and
other income||39,104||39,104|22,158||22,158|
|Memhandising||396||396|203||203|
|Bar and catering|||||284||284|
|Other trading
activities:||||||||
|Fundraising
events and||||||||
|activities||315,844||315,844|174,090||174,090|
|Commercial
trading|6|225,557||225,557|107,466||107,466|
|Investments||3,744||3,744|109||109|
|Other Operating
income:||||||||
|Government
Grants||35,763||35,763|412,229||412,229|
|Total Income||3,060,500|879.234|3,939.734|3,195,125|665,487|3,860,612|
|Expenditure
on:||||||||
|Raising funds:||||||||
|Fundraising,
marketing||||||||
|and promotional|5|545,358|11,698|557,056|512,345|16,146|528,491|
|Commerdal
trading
Charitable
activities|6
7|185,674
1,812,505|818,310|185,674
2,630,815|83,090
1,809,045|703,843|83,090
2,512,888|
|Other|8|75,886|109|75,995|71,700|1,059|72,759|
|Total Resources
Expended|10|2,619,423|830,117|3,449,540|2,476,180|721,048|3,197,228|
|Net Income/(expenditure)||441,077|49,117|490,194|718,945|(55,561)|663,384|
|Fund balance brought
forward
at 1"April 2022||1,110,626|2,569,068|3,679,694|391,681|2,624,629|3,016,310|
|Fund balance carried
forward at 31"March 2023||E 1,551,703|E2,618,185|f4,169,888|f 1,110,626|E2,569,068|E 3,679,694|
##
##
##
|s at 31 March 202|3||||||
|---|---|---|---|---|---|---|
||||Group|Group|Trust|Trust|
|||Note|2023|2022|2023|2022|
|Fixed assets|||||||
|Tangible assets||12|2,246,151|2,203,078|2,239,679|2,197,199|
|Investment||13|-|-|1|1|
||||2,246,151|2,203,078|2,239,680|2,197,200|
|Current Assets|||||||
|Stocks —goods for|resale||5,089|8,893|||
|Debtors||14|800,485|407,772|798,469|407,818|
|Bank and cash balances|||1,465,056|1,496,312|1,394,437|1,433,638|
||||2,270,630|1,912,977|2,192,906|1,841,456|
|Creditors, amounts|falling||||||
|due within one year||15a|(346,893)|(414,163)|(302,536)|(336,720)|
|Net Current assets|||1,923,737|1,498,814|1,890,370|1,504,736|
|Total Assets less Current|||||||
|Liabilities|||4,169,888|3,701,892|4,130,050|3,701,936|
|Creditors, amounts|falling due||||||
|after more than one|year|15b||(22,198)||(22,198)|
|Net Assets|||64,169,888|63,679,694|64,130,050|83,679,738|
|Funds|||||||
|Restricted||16|2,618,185|2,569,068|2,618,185|2,569,068|
|Unrestricted||16|1,551,703|1,110,626|1,511,865|1,110,670|
||||64,169,888|F3,679,694|f4,130,050|63,679,738|
##
##
|||||Group|Group|Group|Trust|Trust|Trust|
|---|---|---|---|---|---|---|---|---|---|
||||Note
2023||2022||2023||2022|
|Net Cash Inflow/(Oufflow)||||||||||
|From Operating
Activities||||157,773|626,709||148,302||564,707|
|Returns on Investment||||||||||
|and Servicing ofFinance||||||||||
|Interest Received||||3,744|109||3,744||109|
|Capital Expenditure||||||||||
|Purchase oftangible|fixed|assets||(192,777)|(67,797)||(191,249)||(65,580)|
|Investments||||||||||
|(Decrease)/increase|in cash|||(E31,260)|E559,021||(E39,203)||E499,236|
|Reconciliation
of Net|Outgoing||Resources|to||||||
|Net Cash (Oufflow)/inflow||from|Operating|Activities||||||
|||||Group|Group||Trust||Trust|
|||||2023|2022||2023||2022|
|Net Incoming/(Outgoing)||Resources||490,194|663,384||450,311||639,007|
|Interest Received||||(3,744)|(109)||(3,744)||(109)|
|Depreciation||||164,699|157,578||163,767||156,869|
|Donated Assets||||(15,000)|||(15,000)|||
|Decrease/(Increase)|in stock|||3,804|(8,893)|||||
|(Increase)/Decrease|in debtors|||(392,714)|(58,000)||(390,650)||(43,300)|
|(Decrease)/Increase|in creditors|||89,468|127,250||56,382||187760|
|Net cash Inflow/(Oufflow)||from||||||||
|Operating
activities||||E157773|E626,709||E148,302||E564,707|
|Analysis of Net Cash||||||||||
||||||||Grou||Trust|
|Cash at bank and in|hand|—at 1"April 2022|||F|1,496,312||E|1,433,638|
|(Decrease)/Increase|in cash during the year|||||(E31,260)|||(E39,203)|
|Cash at bank and
in|hand|—at 31"March 2023|||E|1,465,052||E1,394,435||
##
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##
|Grant Analysis|||||||
|---|---|---|---|---|---|---|
|Grants received
during the year|||include the following:||||
||||||2023|2022|
||||||E|F|
|For COVID support:
Arts Council England||||||10,630|
|For Children's
and Youth|Theatre:||||||
|BBCChildren
in Need|||||49,328||
|Boris Karloff Charitable
Foundation|||||1,000||
|The Childhood
Trust|||||10,500|10,500|
|London Borough of Enfield||||||20,000|
|The Foyle Foundation|||||17,000||
|The Greenoaks
Charitable|Trust|||||7,500|
|The Mercers' Company||||||79,653|
|The Vandervell
Foundation||||||3,000|
|Young Barnet Foundation||||||4,374|
|Young Creators scheme:|||||||
|EBM Charitable
Trust|||||15,000|15,000|
|For Education:|||||||
|Goldman Sachs Gives||||||5,000|
|The Greater London Authority —Young Londoners||||Fund|31,578|54,354|
|Killick &Co Charitable
Trust||||||2,500|
|Office for Students|||||351,351|72,395|
|The Redhill Trust|||||3,500||
|Heritage Project:|||||||
|The National
Lottery|||||245,000||
|For building,
facilities &
London Borough of Enfield|equipment:|||||60,000|
|Ernest Hecht Charitable
Foundation||||||37,203|
|The Greenoaks
Charitable|Trust||||5,000||
|For Outreach projects:
COGS Enfield —Borough|Link Manager|||||66,000|
|John Lyon's Charity|||||33,000|29,000|
|London Borough of Enfield
London Community
Response
The National
Lottery||Fund|||5,000
26,255
49,711|42,836
49,711|
|MK Rose Chaditable
Trust|||||5,000||
|The Thomson
Family Charitable|||Trust|||50,000|
##
##
##
|General:|||||||
|---|---|---|---|---|---|---|
|American
Friends ofChickenshed|||||17,853||
|The Andor Charitable
Trust|||||5,000|5,000|
|The Basil Samuel Charitable
Trust|||||10,000||
|Capital Group|||||29,500||
|Chapman
Charitable
Trust|||||2,000||
|International
Music and Art||Foundation|||36,000|16,000|
|The JFRCharitable
Trust||||||7,000|
|The London Borough of Enfield||||||70,000|
|The Madison
Foundation|||||10,000|3,000|
|Mazars Charitable
Trust|||||1,000||
|The Mishcon Family Charitable|||Trust|||1,000|
|MK Rose Charitable
Trust|||||15,000||
|The National
Philanthropic||Trust||||25,000|
|Peter Deer Associates|||||5,000||
|The Sheldonia
Charitable|Trust||||3,000|3,000|
|The Worshipful
Company|of Builders'|||Merchants||3,500|
|Anonymous|||||10,000|5,000|
|Total Grants|||||5992,575|5760,155|
##
|||2023|2022|
|---|---|---|---|
|Grant income from the Office for|Students|351,351|72,395|
|Grant income from other bodies||641,224|687,760|
|Total Grant income||5992,575|F760,155|
|Fee income for taught awards (excl ofVAT)||450,500|512,320|
|Fee income for research
awards|(excl ofVAT)|||
|Fee income from non-qualifying|courses (excl ofVAT)|443,636|338,943|
|Total Fee income||6894,136|6851,263|
|Total Grant and Fee income||61,886,711|61,611,418|
##
|e summary
f|inancial|performance
ofthe charit|able company
alone is:||
|---|---|---|---|---|
||||2023|2022|
|Income|||3,714,177|3,753,146|
|Total Income|||3,714,177|3,753,146|
|Expenditure|on:||||
|Raising Funds|||557,056|528,492|
|Charitable|Activities||2,630,815|2,512,888|
|Other|||75,995|72,759|
|Total Resources Expended|||3,263,866|3,114,138|
|Net income|||450,311|639,007|
|Total funds brought||forward|3,679,738|3,040,731|
|Total funds|carried|forward|4,130,049|3,679,738|
|Represented
Restricted|by:
funds||2,618,185|2,569,068|
|Unrestricted|funds||1,511,865|1,110,670|
||||4,130,050|3,679,738|
##
##
##
##
|he summary
ofthe financial per|formance|ofthe subsidiar|y
alone i|s:||
|---|---|---|---|---|---|
|||||2023|2022|
|Turnover||||225,557|107,466|
|Total Income||||225,557|107,466|
|Cost ofsales and administration|costs|||185,674|83,090|
|Net (loss)/profit||||39,883|24,376|
|Amount
gift aided tothe trust||||||
|Retained
in subsidiary||||39,883|24,376|
|The assets and liabilities ofthe|subsidiary|were:||||
|Current assets||||116,023|155,057|
|Current
liabilities||||76,184|155,102|
|Total net assets||||39,839||
|Share capital and reserves|||E|39,839||
##
##
##
|Expenditure
on Charitable|Expenditure
on Charitable|Activities|Activities||||||
|---|---|---|---|---|---|---|---|---|
|||||2023|||22||
|Wages|||||||||
|- National
Development|and||||||||
|Training
Programme|||304,869|||343,922|||
|-Production
and Artistic|||||||||
|Direction|||434,068|||412,870|||
|-Front ofHouse and Box||Office|130,545|||138,357|||
|-Education|||717,690|||668,089|||
||||||1,587,172||1,563,238||
|Other direct expenses|||||||||
|-Production
and Workshops|||153,023|||131,308|||
|-Education|||141,437|||143,810|||
|-Merchandise||||||3,193|||
|-Bar and Catering|||||||||
|- Depreciation
(Restricted||Fund)|75,228|||81,015|||
||||||369,688|||359,326|
|Allocation
ofsupport costs|||||673,955|||590,325|
|||||6|2,630,815||6|2,512,888|
##
|Other co|sts||||||
|---|---|---|---|---|---|---|
|||||2023||2022|
|Wages||||40,171||39,023|
|Audit||||19,000||19,000|
|Allocation|ofsupport|costs||16,824||14,736|
||||F|75,995|6|72,759|
##
##
##
|9.|Support costs|Support costs|||||
|---|---|---|---|---|---|---|
|||||2023||2022|
||Wages|||406,845||387,417|
||Depreciation|||78,423||65,234|
||Rent|||17,500||10,000|
||Light and heat|||71,365||51,082|
||Cleaning|||41,740||39,891|
||Maintenance|||92,720||76,321|
||Insurance|||53,886||39,038|
||Legal fees|||2,500|||
||Consultancy|Fees||2,050||1,625|
||Telephone|||13,434||15,797|
||Postage|||478||762|
||Printing,
stationery||and computer costs|30,215||18,511|
||Travel and Motor|||6,695||4,065|
||Miscellaneous|||45,390||36,780|
||Loan interest|||||2,000|
||Irrecoverable|VAT||80,359||75,428|
||Bad Debt Expense|||||(2,970)|
||Training
and|recruitment||5,110||7,775|
||Currency Variance|||(2,545)|||
|||||946,165|F|828,756|
|ions
are based
upon the
charge to:|p|roportion
of direct expense|s
with
weighting|giv|en to direc|
|---|---|---|---|---|---|
||||2023||2022|
|Charitable
expenditure|||673,955||590,325|
|Raising funds|||255,386||223,695|
|Other costs|||16,624||14736|
||||946,165|f|828,756|
|come/(expenditure)||||||
|Net income/(expenditure)|is|stated after charging:|2023f||2022f|
|Depreciation
-restricted|fund||85,345||91,636|
|-unrestdcted||fund|79,353||65,943|
|Audit fees|||25,400||26,375|
|Operating
leases - land and||buildings|17,500||10,000|
##
##
##
##
|ff costs during the year|were as follows:||||
|---|---|---|---|---|
||Group|Group|Trust|Trust|
||2023|2022|2023|2022|
|Wages and salaries
Social security costs|2,044,802
176,983|1,987,756
154,380|1,986,796
175,617|1,963,000
153,654|
|Other pension costs|52,480|51,434|52,294|51,324|
|Contract staff|32,940|26,651|32,940|26,651|
||62,307,205|62,220,221|62,247,647|62,194,629|
|e average
mon
ar was:|thly
number
of p|ersons,
full and p|art time, employe|d
by the charity|during th|
|---|---|---|---|---|---|
|||Group|Group|Trust|Trust|
|||2023|2022|2023|2022|
|Administration|and finance|9|10|9|10|
|Artistic and education||58|58|58|58|
|Fund raising and publicity||7|7|7|7|
|Production||7|7|7|7|
|General management:||||||
|Front of house||||||
|Boxoffice||||||
|Building maintenance||||||
|Catering||||||
|||102|104|95|98|
|naging|Director's Remuneration
was as|follows:||
|---|---|---|---|
|||2023|2022|
|Salary||653,562|652,031|
|Pension|Costs|F 1,592|61,561|
##
|ngible Fixed Assets —fo|rth|e Group|||||||
|---|---|---|---|---|---|---|---|---|
|||||||Fixtures,|||
|||||||Fittings|||
|||Leasehold||Theatre||and other|||
|||~P||~E||~E||Total|
|Cost or valuation|||||||||
|At 1"April 2022||3,458,160||938,475||978,237||5,374,872|
|Additions||||52,375||155,402||207,777|
|Disposals|||||||||
|At 31"March 2023|F|3,458,160|5|990,851|f|1,133,638||5,582,649|
|Depreciation
At 1"April 2022||1,596,646||817,501||757,647||3,171,794|
|Charge for the year||69,166||34,123||61,411||164,699|
|Disposals|||||||||
|At 31"March 2023|F|1,665,812|f|851,624|5|819,058|F|3,336,494|
|Net book value|||||||||
|At 31"March 2023|F|1,792,348|5|139,277|5|314,580|8|2,246,155|
|At 31st March 2022|6|1,861,514|E|120,974|E|220,590|5|2,203,078|
##
##
|Charitable
company||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Fixtures,|||
||||||||Fittings|||
|||Leasehold|||Theatre||and other|||
|||~P||~E|||~E||Total|
|Cost or valuation||||||||||
|At ts April 2022||3,458,160|||938,476||971,024||5,367,659|
|Additions|||||52,375||153,874||206,249|
|Disposals||||||||||
|At31"March 2023|E|3,458,160|E||990,851|F|1,124,895|E|5,573,906|
|Depreciation
At 1"April 2022||1,596,646|||817,501||756,311||3,170,459|
|Charge for the year||69,165|||34,123||60,479||163,767|
|Disposals||||||||||
|At31"March 2023|E|1,665,812|E||851,624|E|816,791|E|3,334,227|
|Net book value||||||||||
|At31"March 2023|E|1,792,348|E||139,227|E|308,104|E|2,239,679|
|At 31st March 2022|E|1,861,514|E||120,974|E|214,712|E|2,197,199|
##
##
##
##
|ebtors|||||
|---|---|---|---|---|
||Group|Group|Trust|Trust|
||2023|2022|2023|2022|
|Trade debtors|87,758|46,666|85,742|45,640|
|Accrued income|602,088|273,785|602,088|273,785|
|Prepayments|86,207|74,327|86,207|74,327|
|Amount
due from subsidiary||||1,072|
|Other debtors|24,432|12,994|24,432|12,994|
||8800,485|F407,772|F798,469|6407,818|
||Group|Group|Trust|Trust|
|---|---|---|---|---|
||2023|2022|2023|2022|
|VAT, payroll taxes and social|||||
|security payable|49,250|61,069|(2,777)|34,334|
|Deferred income|54,322|91,990|54,322|91,990|
|Accru ale|115,267|106,185|109,518|100,435|
|Amount due to subsidiary|||31,826||
|Other creditors|128,054|154,919|109,647|109,961|
||F346,893|E.414,163|f302,536|E.336,720|
##
##
##
|reditors, amo|unts
falling du|e after more tha|n one year|||
|---|---|---|---|---|---|
|||Group|Group|Trust|Trust|
|||2023|2022|2023|2022|
|Loans||||||
|Hire purchase|agreement||22,198||22,198|
|||5-|E22,198||F22,198|
##
|Analysis of Net A|ssets Between F|unds||||||
|---|---|---|---|---|---|---|---|
||||Restricted||Unrestdcted|||
|2022:Group|||Funds||Funds||Total|
|Fixed assets|||1,950,036||253,042||2,203,078|
|Net current assets|||619,032||857,584||1,476,616|
||||2,569,068|6|1,110,626|F|3,679,694|
||||Restricted||Unrestricted|||
|2022:Charitable|Company||Funds||Funds||Total|
|Fixed assets|||1,950,036||247,163||2,197,199|
|Net current assets|||619,032||863,507||1,482,539|
||||2,569,068|5|1,110,670|2|3,679,738|
||||Restricted||Unrestricted|||
|2023:Group|||Funds||Funds||Total|
|Fixed assets|||1,864,691||381,460||2,246,151|
|Net current assets|||753,494||1,170,243||1,923,737|
|||6|2,618,185||6 1,551,703|F|4,169,888|
||||Restricted||Unrestricted|||
|2023:Charitable|company||Funds||Funds||Total|
|Fixed assets|||1,864,691||374,988||2,239,679|
|Net current assets|||753,494||1,136,877||1,890,371|
||||2,618,185|6|1,511,865|E.|4,130,050|
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|Group and charitable|co|mpany Restri|cted funds (cont|inu|ed)|||
|---|---|---|---|---|---|---|---|
||||Brought||Incoming|Outgoing|Carried|
||||Forward|Resources||Resources|Forward|
|National
lottery|||1,829,361|||(69,165)|1,760,196|
|Minibus|||409|||(409)||
|New dassroom|||634|||(634)||
|Building
Management|System||1,388|||(1,388)||
|Building &Facilities|||60,000||2,500|(2,500)|60,000|
|Artistic programme|||121,990||74,711|(145,385)|51,316|
|Chickenshed
Kensington||&Chelsea|15,317||4,619|(11,922)|8,014|
|Children
&Youth theatre||Programme|35,769||50,328|(40,669)|45,428|
|Education
programme|||92,398||386,429|(335,587)|143,240|
|Education
programme|—Equipment||33,560|||(2,731)|30,829|
|YC Support
Initiative||||||||
|Outreach
programme|||208,612||56,255|(159,398)|105,469|
|National
Lottery Heritage||Project|||245,000||245,000|
|AV/IT &theatre equipment|||40,103||2,500|(1,762)|40,841|
|Studio theatre development|||28,770|||(902)|27,868|
|Young Creators programme|||8,736||15,000|(16,711)|7,025|
|Kitchen Refurbishment|||35,634|||(3,762)|31,872|
|Rayne Theatre Flooring|||7,740|||(2,580)|5,160|
|Office Refurbishment|||5,729|||(5,729)||
|The Wendy House Project|||20,000||10,000|(963)|29,037|
|Children
Connecting|Communities||22,918||31,893|(27,918)|26,893|
||||E2,569,068|E|879,234|E (S30,114) E. 2,618,188||
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