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2025-03-31-accounts

REGISTERED COMPANY NUMBER 01029063 REGISTERED CHARITY NUMBER 1026883

TRAMSHED ARTS LTD (A company limited by guarantee)

ANNUAL REPORT AND FINANCIAL STATEMENTS

31 MARCH 2025

TRAMSHED ARTS LTD

CONTENTS

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Pages
Officers and Advisers 1
Report of the Trustees 2 - 39
Independent Examiner’s Report 40 - 41
Statement of Financial Activities
(including Income and Expenditure Account) 42
Balance Sheet 43
Statement of Cash Flow 44
Notes to the Financial Statements 45-66
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TRAMSHED ARTS LTD

OFFICERS AND PROFESSIONAL ADVISERS

Trustees R Wilson (Chair) R Ferris (Treasurer) R Cowley (Resigned 28/03/2025) K Newns L Pelayo Fernandez A Phillips (Resigned 31/07/2025) D Ray (Vice Chair) T Sage J Smith (Resigned 19/10/2025) R Thackeray Company Secretary B Tomlinson Ambassadors Anthony Horowitz CBE Bernardine Evaristo OBE Tomi Ogbaro (Young Ambassador) Toyah Willcox Registered Office The Tramshed 51-53 Woolwich New Road London SE18 6ES Registered Company Number 01029063 Registered Charity Number 1026883 Accountants Scrutton Bland Limited 820 The Crescent Colchester Business Park Colchester CO4 9YQ Bankers Natwest Bank Plc 4-5 High Street Chelmsford Essex CM1 1FZ

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REPORT OF THE TRUSTEES

The Trustees present their report together with the financial statements of Tramshed Arts Limited for the year ended 31 March 2025. The report has been prepared in accordance with Part VIII of the Charities Act 2011 and constitutes a directors’ report for the purpose of company legislation.

The financial statements have been prepared in accordance with the accounting policies set out on pages 45 to 49 of the attached financial statements and comply with the charitable company’s Memorandum and Articles of Association, applicable laws, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The Organisation

Tramshed Arts Ltd is an independent arts charity and vital community hub.

We have made theatre with and for young people since 1971. We have organically grown to work with some of those young people as adults and artists both with and without Disabilities. We have managed the Woolwich Tramshed building since 2009. We offer 3 ways to engage with our team and space:

CHAIR’S WELCOME

This year has marked an important moment in Tramshed’s history. As Chair, I have had the privilege of witnessing the strength and commitment that define this organisation through the delivery of community focused art of the very highest standards. Tramshed’s commitment to the community stands unwavering and unparalleled. Our work throughout another year of challenge has demanded resilience, but it has also revealed the extraordinary impact that is possible when values of commitment, artistry and community come together with purpose.

The beginning of a new year is always exciting. This year was all the more intriguing as it marked the end of 21 years of leadership under the indefatigable Jeremy James. We thank Jeremy for his years of committed service and leadership. Equally, I pay credit to the great work of the organisation under the leadership of Interim Director Bethan Tomlinson who has stood steadfastly at the helm throughout an exciting but challenging year.

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Tramshed’s commitment to working with young people is unwavering. Highlights of this work include its role for the third year running in the NT Connections festival bringing together young theatre creatives from across South London as part of the National Theatre’s countrywide programme. Our own regular programmes continue to engage, inspire and energise. These brilliant programmes include our acclaimed Youth Theatre and ALD focused Reach, Tramtastic club night and Dramatic Voices. The mandate for these activities continues to come from our steering boards ensuring that Tramshed is led for the community and, most importantly by the community. There are many important projects delivered by Tramshed for the local community. Works like Ignatius!, a wonderful show to celebrate the life of Charles Ignatius Sancho are important in teaching us about the often under played but rich and important history of our community. Sorry Not Sorry was an important piece of work exploring challenge of identity for young people and addressing the sickening issue of youth violence.

Tramshed is an indispensable movement for social change through art. Its brilliant work has taken place against a backdrop of increasing challenge. Spiralling cost of living challenges and ever more testing economic forces have increased the level of attrition faced by the organisation in its dogged determination to engage and serve the community. We remain thankful to the Royal Borough of Greenwich for its continuing support and appreciation of our work. Their decision to convert our loan facility to a grant enabled us to begin 2025 with fresh energy and confidence. We have added key roles to the operational team which we believe will reinforce our operational capabilities and, going forwards, best support our stakeholders.

As we look ahead, Tramshed enters the coming year with clarity and conviction. We will continue to reach out, engage and energise our community through art. Our ambition is bold, our purpose is clear, and our commitment remains steadfast.

On behalf of the Board of Trustees, I thank everyone who has engaged with us this year.

Roger Wilson, Chair of the Board of Trustees, Tramshed

GOVERNANCE, STRUCTURE AND MANAGEMENT

Governing Document and Object

Tramshed Arts Ltd (formerly Greenwich and Lewisham Young People’s Theatre) is a company limited by guarantee (company registration number 01029063) and is registered for charitable purposes with the Charity Commission (charity registration number 1026883). The charitable company is governed by its Articles of Association and its charitable object is “to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama”.

The charitable company is limited by guarantee and accordingly has no share capital. In the event of the charity being wound up, the liability guaranteed by each member is £1.

Organisation

A board of Trustees, which convenes quarterly, administers the charity and takes overall responsibility for matters of governance, charitable purpose and risk management. An Interim Director has been appointed by the Trustees to manage the day-to-day operation of the charity and to deliver its vision.

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To facilitate effective operations the Interim Director has delegated authority within terms of delegation approved by the Trustees over areas including finance, fundraising, employment, operations and premises.

The Senior Management Team are supported by heads of department who take responsibility for managing discrete areas of the company, and who report to the Senior Management Team through regular staff meetings.

The charity currently operates with sub-committees nominated by the Board, which sometimes co-opt individuals or experts to look at specific areas of need. This includes a quarterly Finance & General Purposes Group and working committees for recruitment, managing the archive and Fundraising when required.

Recruitment and Appointment of New Trustees

We regularly review our priorities to ensure our Board of Directors have the skills and experience required by the organisation, and particularly seek Trustees who reflect our demography in Woolwich. Directors resign and are renewed on a three-year rotation.

As set out in the Articles of Association:

Induction and Training of New Trustees

All Trustees undergo an informal induction session and are presented with an induction pack. We hold an annual board away day to deepen understanding of the organisation, its strategic direction and to help identify training needs.

Upon declaration of their interest to be a Trustee, they meet with the Chair and Interim Director for briefing on the organisation and the responsibilities of Trustees, prior to being invited to attend a meeting of Trustees as an observer.

Related Parties

The charity has a close relationship with the Royal Borough of Greenwich (RBG) which provides funding to enable the organisation to carry out its core charitable objectives. The Royal Borough of Greenwich is the freeholder of the company's premises, The Tramshed, which it rents to the charity at a reduced rate based on community support given to RBG residents. A gift in kind is included within income and expenditure for 24/25 to represent the market value of the rent gifted to the charity whilst they were in temporary accommodation.

The charity has built key relationships with partner organisations with which it collaborates in delivering its charitable aims. This includes statutory bodies, the education sector and arts organisations.

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Key Management Personnel

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis comprise the Trustees together with the Interim Director. The overall responsibility for the charity lies with the Trustees who have delegated the day-to-day management of the charity to the Interim Director. The Trustees are not reimbursed for their role as Trustees but may reclaim expenditure incurred in the execution of their duties. One of the trustees received remuneration from the charity during the year ended 31 March 2025, further details regarding this can be seen within note 12. No Trustee claimed any expenses during the year 2025/26 to date.

The salaries of staff team are set with reference to prevalent market rates and reviewed by the Trustees on an annual basis.

Staffing

We have a committed core team of 15 (2024 – 13) full and part time staff and engage in the region of 113 freelance facilitators, artists and other professionals each year (200 in 2023/24).

Volunteers

Tramshed has worked with Volunteer Centre Greenwich to develop our Volunteers Strategy and Policy. Beyond our Trustees and Development board, we have implemented volunteer support for events and a valued tier of support on our participatory programmes.

Volunteering also encompasses schoolwork experience, student placements (from relevant BA & MA courses). During 2024/5 we have supported 15 students from

We are proactive in creating opportunities for volunteers to progress into paid work placements within the organisation, where possible. In 2024/5 we employed 3 former placement students to help deliver our programme.

Fundraising Practices

The charity continues its aim of achieving best practice in the way in which it communicates with supporters and the wider public. It takes care with both the tone of its communications and the accuracy of its data to minimise pressures on supporters. The charity implemented an Ethical Framework & Due Diligence Policy in 2019 to help guide its practices. The charity applies best practice to protect supporters’ data and never sells or swaps this with other organisations. It also ensures communication preferences can be changed at any time. The charity manages its own fundraising activities and from time to time employs the services of professional fundraisers to add capacity to the management team. The charity aims to react to and investigate any complaints regarding its fundraising activities and to learn from them and improve its service. The charity received no complaints about its fundraising activities this year.

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OUR MISSION

We change perspectives through theatre and creative spaces across generations

VISION

We increase social cohesion in our home of participation.

VALUES

This requires Investments and Resources

For Our Beneficiaries

To Take Part in Our Activities

Making a Difference

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OUR TRUSTEES

Amana Phillips joined Tramshed as a Kickstart Marketing Assistant in April 2021 leading on Tramshed’s Social Media Content for 12 months. Currently Marketing and Events Coordinator for Croner-i, Amana is a local resident and PR/Politics graduate. Following her time at Tramshed Amana was Marketing and Comms Executive at Arrival Education who help businesses attract, retain and develop socially and ethnically diverse talent following her Mentorship of Tesco Bank CFO.

Dhononjoy Ray (Vice Chair 2023) is an ACA qualified accountant with wide experience of business partnering, risk and control management and periodic reporting. Dhononjoy is a Treasury Finance Advisor at Shell, responsible for financial analysis and risk management. Previous roles included Finance Business Partner at Royal Mail, responsible for Property cost management, budget setting and month end financial reporting and Audit Senior with EY.

Councillor Jackie Smith was originally involved with Tramshed as an organisation when she joined the board from 2004-10 with her expertise as a Social Worker. She re-joined Tramshed board in 2015 as Councillor for Woolwich Riverside. She is currently a Member of the Audit and Risk Management and Corporate Finance and Performance Panels. Cllr Smith has also previously been a Director for Thamesmead Town, Peabody Investments and Community Foundation, Bexley Borough Citizen’s Advice Bureau and 15Billion, an educational charity dedicated to promoting social mobility and raising aspirations among young people.

Kerri Newns is a Tramshed Alumni and Consultant Systemic Family Psychotherapist, Clinical Supervisor, Senior Lecturer and Author. She has worked in the NHS for over 20 years and specialised in child & adolescent mental health and working with families. She continues to work as an independent Psychotherapist and Consultant in both public and private sectors.

Lorena Pelayo has more than 20 years of experience in roles of financial analysis, business planning, strategy execution and customer management. Lorena Pelayo is VP, Head of Europe Financial Planning and Analysis at Mastercard. She is responsible for MasterCard Europe’s planning process, business planning and financial reporting and analysis.

Richard Cowley is Pupil Premium lead for James Wolfe Primary School in Greenwich with Centre for Deaf Children. Richard has previously been Deputy Head and is a long-term Senior Manager at the school.

Roger Wilson (Chair 2023) has many years of experience on both sides of the stage as musician, educator, tour manager and administrator. Conservatoire trained, he has worked extensively in the commercial, jazz and classical sector with a wide range of artists from Lesley Garett and Bryn Terfel to James Brown and Quincey Jones. He has also played in some of London’s most successful music theatre productions. As an instrumental teacher and lecturer, Roger has worked throughout the UK music education sector at all levels. In recent years, he has been dedicated in his support for the professional development of aspiring young jazz musicians.

Rosie Thackeray joined Tramshed as a local Kickstart employee (16-25s) in May 2021 in the Box Office. She completed her placement in Nov 21, to take up a position as Assistant Director to Vicky Featherstone at the Royal Court. Rosie has been New Wave Producer for the Bloomsbury Festival and is now a reader for the Royal Court Literary Dept and Literary Coordinator for the Bruntwood Prize for Playwriting.

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Ruth Ferris (Treasurer) Repo Sales and Funding for MUFG SECURITIES EMEA PLC from 2012 – Present, previously Mitsubishi UFJ Securities International. Ruth has also worked in Repo Sales and Funding for Citi Global Markets Ltd. 2006–12 and as an Analyst for Goldman Sachs 1999 – 2005. Ruth has a BSC in Financial Economics, Economics, Advanced Mathematics and Statistics.

Tracey Sage FRSA is a Creative Consultant, Strategic Leader and Cultural Advocate who supports individuals and organisations to deliver successful passion-driven projects and create sustainable business models for social good. She has over 30 years' experience in culture, tourism, and heritage sector. Prior to founding Sage Culture Consulting, she played a pivotal role in the arts, culture, and heritage sector in the Royal Borough of Greenwich and across London.

TRAMSHED IMPACT: HOME OF PARTICIPATION

In our Strategic Plan 2023-27 we set out that Tramshed’s work will inspire, involve and grow participation. In 2024/5 our team has used the locally listed, iconic building to welcome people to 1080 sessions over 3776 hours to Take Part at Tramshed.

Create (Tramshed programme)

Facilitate (Tramshed partner programmes)

Community (Tramshed hosts local groups to deliver their work)

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Tramshed 2024/5 Classes/Groups

Tramshed Young Company April 2024, photo credit Rŷanna Allen.

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Who takes part in creativity at Tramshed?

----- Start of picture text -----
Participants Participants
Category in 2024/25 in 2023/24
Greenwich Borough Postcodes 88% 80%
Indices of Multiple Deprivation (2019) 10% Most Deprived 1% 1%
Indices of Multiple Deprivation (2019) 20% Most Deprived 26% 31%
Indices of Multiple Deprivation (2019) 50% Most Deprived 82% 85%
Income (2019) 10% Most Deprived 6% 6%
Income (2019) 20% Most Deprived 36% 38%
Income (2019) 50% Most Deprived 83% 87%
Employment (2019) 10% Most Deprived 3% 2%
Employment (2019) 20% Most Deprived 18% 19%
Employment (2019) 50% Most Deprived 75% 77%
Education (2019) 10% Most Deprived 0% 0%
Education (2019) 20% Most Deprived 3% 3%
Education (2019) 50% Most Deprived 53% 56%
Health (2019) 10% Most Deprived 1% 0%
Health (2019) 20% Most Deprived 3% 4%
Health (2019) 50% Most Deprived 53% 62%
Crime (2019) 10% Most Deprived 9% 12%
Crime (2019) 20% Most Deprived 27% 33%
Crime (2019) 50% Most Deprived 80% 85%
Barriers to Services (2019) 10% Most Deprived 39% 36%
Barriers to Services (2019) 20% Most Deprived 72% 70%
Barriers to Services (2019) 50% Most Deprived 96% 95%
Living Environment (2019) 10% Most Deprived 3% 2%
Living Environment (2019) 20% Most Deprived 5% 10%
Living Environment (2019) 50% Most Deprived 62% 69%
Income Deprivation Affecting Children Index (2019) 10%
Most Deprived 5% 7%
Income Deprivation Affecting Children Index (2019) 20%
Most Deprived 25% 17%
Income Deprivation Affecting Children Index (2019) 50%
Most Deprived 86% 88%
Income Deprivation Affecting Older People Index (2019)
10% Most Deprived 34% 40%
Income Deprivation Affecting Older People Index (2019)
20% Most Deprived 57% 59%
Income Deprivation Affecting Older People Index (2019)
50% Most Deprived 86% 90%
Asian 6% 6%
----- End of picture text -----

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----- Start of picture text -----
Black 42% 44%
Mixed Ethnicity 7% 10%
White 45% 30%
Disabled 53% 36%
Not Disabled 42% 56%
Neurodiverse 6% 8%
under 18 60% 48%
over 18 40% 52%
----- End of picture text -----

We had set a target to welcome a representative group of local residents to Tramshed and we have continued to welcome more people facing deprivation in the borough.

----- Start of picture text -----
Tramshed Tramshed
Participants Participants Greenwich
2024/25 2023/24 Borough
(IMD 2019) (IMD 2019) (IMD 2019)
Indices of Multiple Deprivation (2019) 10% Most Deprived 1% 1% 0.6%
Indices of Multiple Deprivation (2019) 20% Most Deprived 26% 31% 21.3%
Indices of Multiple Deprivation (2019) 50% Most Deprived 82% 85% 74.8%
----- End of picture text -----

Local Context and Change

Woolwich has seen significant development and change, particularly in the High Street and market areas. Next door to Tramshed, the new Leisure Centre has generated excitement. These changes will likely draw more attention to us in 2026 and while we can’t fully predict how this will unfold, we’re doing our best to prepare for it.

The wider arts sector remains challenging for all, and funding is highly competitive with success rates falling to under 10% or even 5%. We frequently heard of staff cuts, burnout and scaling back from our sector colleagues. We have reassessed our own programme to ensure we’re using our capacity and resources as effectively as possible. Whilst we reduced our team in 2023/24 to manage our budget, we appreciate that we must maintain a certain level of staffing both for beneficiaries to access support and for appropriate skills and expertise.

In February 2025 we began to co-design the framework for a collaboration with Royal Borough of Greenwich for their Cultural Impact Award. This will bring 15 months filled with skills development for young artists and engaging artistic events across the borough. We hope this will shine a positive light on Woolwich, especially after such challenging times. Devastatingly, in 2024/25 we lost two young people to knife crime in Woolwich. Knife crime is a serious and life-threatening issue locally, with staff and community members affected on a regular basis.

Due to this need, we secured funding from Children in Need to relaunch our youth drop-in. This casual youth club offers a safe space for young people on Friday nights, providing food, access to trusted adults, and opportunities to participate in creative workshops and games.

We continue to recognise our responsibility in supporting our local community through critical need but also acknowledge our limitations in effecting change without wider support.

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Why do we prioritise Young People, Disabled Adults and ethnically minoritized people in our programme?

Young People:

Tramshed Arts Ltd was originally established as Greenwich and Lewisham Young People’s Theatre in 1971 and we have offered life changing drama classes in Woolwich and other sites ever since. A former attendee and local elected councillor told a team member that our most important metric was that we “extend lives” by encouraging aspiration and increasing well-being and confidence through our work with young people.

Our Alumna and Ambassador Bernardine Evaristo was a guest on the BBC’s This Cultural Life podcast with John Wilson. She said:

BE: From the age of 12, I went to the local youth theatre. It was called Greenwich Young People's Theatre, and it's still going. It's called Tramshed now. It was in an old church called which was called Stage Centre. It's about 10-minute walk from where I lived. I rocked up one Friday evening with one of my sisters, who was very embarrassed and shy, and went and hid in the toilet for the whole of the evening, and I just got stuck in and absolutely loved it and felt very welcome there. And it was so engaging. Youth Theatre is so engaging for children, you know, because you're there, you're working as part of a little community. Certainly, the one I went to, everybody was welcome. So, I think now it probably attracted children who felt different from the mainstream, because in that space you were, you ever you could be who you were. And I was the only black child there for a lot of my time there, and I didn't feel it. I was accepted. It was a very nurturing, safe space. It was my introduction to the arts creativity. I started to go into theatre to see plays as well as performing in them.

JW: Had you not seen any theatre up to that point?

BE: No, no. And then I started. That was 1972 I started going to theatre. [I] haven't stopped and then eventually went to drama school and became a performer myself. So again, the writer I am today. I'm here because, because of the youth theatre as well.

JW: Did it feel natural? Were you a natural performer in the spotlight?

BE: I don't think I was particularly extrovert or anything. You know, I felt quite shy. I wasn't an attention seeking child at the age 12, 13, or 14, I don't think I was, but perhaps I became more extrovert through the Youth Theatre.

54 years after we opened our youth theatre we continue to offer activities that change and extend lives. In 2024/25 we have spoken to alumni who are re-engaging to secure the digitisation and access to our archives. They all speak of opportunities during their time with GYPT that gave them access to higher education, confidence and skills to be successful, professional artists and engage more broadly in civic life.

During 2024/25 we worked with 390 unique children across 7 programmes largely aimed at offering a creative, inclusive space. They are

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We were able to gain funding from Young Greenwich for our Senior Youth Theatre making it free to attend. In Junior and Middle Youth Theatre 61% paid the Standard fee, 27% concession and 12% added a donation. We saw some lovely examples of confidence blooming:

Case Study: N’s parent got in touch to sign them up to our Senior Youth Theatre. Before we meet our participants, we ask for any access needs they may have, and N’s parent informed us that they are a hearing child with a cochlear implant and mild cerebral palsy. We followed up with a phone call to better assess the needs of N and see if our Youth Theatre was a good fit. The phone call confirmed N would do a trial session to see how they like the group and to see if it would suit their access needs. We discovered that N is an incredibly capable and independent young person, and we were able to support their access needs well for them to access the space and flourish in the activities.

To address N’s need, we spoke with them and their parents to see how best to support them. This was then communicated to the Senior Youth Theatre Lead and Support tutor. The Senior Youth Theatre group is very open and communicative, and everyone became aware of how-to best support N and follow through with this weekly. No external agencies were brought in to support N as this was not required.

N arrived as a shy young person with various access needs. Over the first few weeks and months we quickly saw N bloom into an incredibly vibrant young person with confidence, great social skills and excellent drama skills. N made friends and expressed a keen interest in theatre making and taking on speaking roles. This led to N being a lead speaker for the winter term radio play the group did and now, for the summer term, being a lead narrator in the play.

N is also a recipient of the Jack Petchey award at Tramshed this term. Their tutor nominated them saying: ‘N always gives their all and is so committed to SYT. During Dark Christmas, they were enthusiastic and always one of the first people to volunteer to extend their participation in the piece further. N is emotionally mature and responds positively to feedback, ensuring that their creative expression (particularly vocally) is beginning to extend. They are collaborative, kind member of SYT and are always keen to include new participants socially, as well as creatively.’

N’s parent has also recently informed us that they have been accepted into an Actor’s Guild, as part of their after-school club programme, and they are flourishing. N’s parents added, ‘We’ve always been worried about N because of their access but through drama, they’ve really found their thing!’ This is such joyous news to receive and reinforces the importance of these groups for our young people and the pivotal roles they play in their development.

The best thing about the service is… ‘ N got to meet new people and find a place to express themselves’

There were 2 programmes that offered more bespoke support. The Young Company formed each springtime to deliver a piece for the National Theatre Connections Festival, rehearsed and performed January to April. We engaged emerging directors to lead the young people in selecting the pieces and realising them. They were able to add elements of production design and had professional photos taken of the pieces. During this period, we had performances of Age Is Revolting with attendance from the writer Abi Zakarian and a National Theatre Mentor Director Stewart Melton and rehearsals of Ravers. The cohort is mostly different from the Youth Theatre. They need free access to the group – an experiment with sliding scale of charges was a disaster for this programme which we quickly put right! We see more of these participants go on to study theatre, drama, music, production arts.

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We continued our drama informed mental health support programme Whatever Makes You Happy group for young people with Adverse Childhood Experiences. We were able to gain funding for smaller groups of under 10 young people to work with 2 experienced art and drama therapists. In 2024/25 this was possible thanks to the support of the Greenwich Healthier Communities Fund managed by Groundwork. Participants met at Tramshed, went on trips and were recipients of Jack Petchey Achievement Awards for outstanding progress. They said:

Tramshed Young Company March 2025, photo credit Amelia Wornell.

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Disabled Adults:

2024/25 began on a high note as our community celebrated the news of an award of £127,500 over 3 years from Henry Smith Foundation (2024-27).

Reach , our theatre company for adults with learning difference was named and formed by people in their 20s. They had formerly been participants within our provision for young people with Learning Disabilities, which began in the 1990s. By extending our provision in this way, we successfully sustained and deepened relationships, ensuring that we continued to meet participant’s needs, as they develop and change over time. This approach is reflective of the breadth or our work, as we involve participants in the design and leadership of our programmes.

Dramatic Voices and Tramtastic Club Nights were founded in 2018, using a National Lottery Reaching Communities grant, through our engagement with the ALD community and partner organisations in the borough. We see growing attendance for Tramtastic, and Dramatic Voices is hugely oversubscribed. Both activities are ethnically diverse, reflecting the wider community. Since Global Majority families are not accessing most ALD services, this is an achievement highlighted by Greenwich Council.

Participants generally arrive early for activities, to spend time in our foyer space socialising with each other, and this is an opportunity also embraced by families and carers.

Through Henry Smith funding, we launched our disability steering group, which has already made a significant impact. Composed of carers and community users, the group has developed a ten-point disability plan on best practices for staff and community support, set to launch this summer alongside Reach’s upcoming show. They have also introduced ‘Speed Mates’, a yearly sex and relationship coaching program for ALD members in partnership with Meet N’ Match.

Additionally, we successfully launched our second Dramatic Voices group, welcoming more ALD members into the Tramshed community.

We staged two fantastic performances: ‘Caba-Reach!’, a REACH cabaret featuring drag, dance, singing, magic, and comedy that entertained 300+ people in Greenwich, and Dramatic Voices’ Christmas pantomime ‘Aladdin’, performed for over 60 audience members with a 40-person cast, including parents and carers. We also employed Marcus, a Reach participant, as Lighting Technician for Tramtastic and paid an additional Reach member to create an original composition for ‘CabaReach!’

We support carers to be participants too, particularly within Dramatic Voices and, after initial hesitance they now look forward to and value the activities and experiences.

Tramshed works in partnership (Greenwich Mencap) and our collaborative approach has stimulated interaction and relationships between agencies. We work with Oxleas NHS Trust who deliver Tramshed Fridays support programme for ALD. Joel Parker, Consultant Psychologist, reflected:

For a lot of people who have Learning Disabilities, loneliness and isolation can be a big challenge in their lives. Tramshed is a place where kind of people form friendships, people who've had many experiences of rejection in their life. A client who was coming to Tramshed when I was first brought in the group had multiple placements breaking down, been rejected from her family at times, I remember her coming to Tramshed and making a really good friend here.

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Simon Powell, Psychologist, added:

The most important thing was that people wanted to do the things that they want to do with the people they wanted to be with. They didn't want to just be restricted to staying in the day in the [NHS] buildings. And they also wanted to go out in the evenings and that was quite difficult then for day services to do.

From 73 anonymous surveys and qualitative feedback in focus groups:

Personal impact was evident in the feedback:

Adam Smith, Reach Member in I’m Possible, Not Impossible , photo credit Henry Roberts

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Case Study: K, a young adult with a learning disability, joined us in April. His mother F is a full-time carer for K and his brother. Initially, K was extremely reserved, rarely speaking and needing his mother’s support just to stand in the circle due to nerves.

Since joining Dramatic Voices Theatre Company, K has made remarkable progress. In just seven months he was playing a major role and speaking confidently in front of a large audience. His resilience, self-worth, and overall well-being have flourished. He was recently awarded the Jack Petchey Award for personal development, with his tutor stating: “I’ve seen someone who was once too nervous to participate grow into a confident young person who uplifts our entire group.”

A standout moment in K’s performance was where he and his mother co-operated the puppet for the character. It was a beautiful experience for them to share. F has since become a driving force in our community, naturally stepping into a leadership role supporting other carers. Recognizing her impact, we invited her to join our Steering Board. She also initiated our upcoming Speed Dating Coaching session, inspired by her own experience raising two sons with learning differences.

F’s growth has been just as inspiring as K’s. Seeing our program support not just ALD members but also their loved ones has been truly rewarding.

We were also entrusted with a grant from the Prokofiev Fund and Metro GAD, a Greenwich-based disability advocacy organisation. With this support, we established an additional steering board composed of Metro GAD members and local disabled activists to create a three-year disability arts festival, ‘N’Abled’, running from 2024 to 2026.

In its first year, the festival launched with a powerful dance-theatre piece exploring disabled people as superheroes. Featuring ten disabled community participants—a mix of professional performers and first-time actors—the production played to over 150 audience members in our main theatre. Feedback was overwhelmingly positive, with 85% rating it the highest possible option.

Ethnically Minoritised People:

We meet representative metrics for participation, but we want to change the future landscape. We want to programme theatre and other performance art events at Tramshed that reflect our local community. When running a call out for work we found we had a very small number of submissions that platformed Black and Brown artists. We are seeking excellent professional work out through joining networks such as the Young Theatre for Young Audiences (TYA) Venue Programmers Consortium; but we recognize and celebrate our part in the eco-structure, as a pipeline organization ensuring access and confidence to a more diverse workforce in the future.

Our own work and work with partners has increased routes into the performing arts for young Black and Brown people. Our Young Company is a vocational programme with creative skills development leading to public performance as a part of the National Theatre Connections festival. 72% of participants are global majority. One of the young people who has been a cornerstone of our youth programmes for 18 months described her experience in BBC Radio London interview in April 2024.

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The Woolwich Creative Club became resident at Tramshed in April 2023. Meeting weekly in term time, this programme provides young people with free music lessons on the group’s musical instruments. Their sessions are led by professional musicians such as Byron Wallen; poet, spoken word artist and community organiser Rasheeda Paige Muir and also provide professional development for Trinity Laban Students. 86% of attendees identify as Asian, Black or Mixed ethnicity.

The Youth Drop In emerged following the tragic murder of 14-year-old Tamim Ian Habimana on the Tramshed doorstep in 2021. Partners such as Trinity Vineyard, Greenwich Youth for Christ, B Young Stars and Greenwich Inclusion Project (GrIP) advocated for a safe space for young people. This was trialed from December 2022 and has been operating since with access to youth workers, peer mentors, music teachers and fun! 85% of attendees in 2024/25 identify as Asian, Black or Mixed ethnicity.

We were pleased to be able to say that from 2023 our trustees reflect our community. Our new Chair, Roger Wilson, elected in April 2023, attended Woolwich Polytechnic School for Boys as a child. His career as a musician has taken him all over the world, he is now the co-founder and Director of Operations for Black Lives in Music, a task force dismantling structural racism in the Jazz and Classical Music industry.

Facilitating space for local residents:

Space worth £92,253 was given in kind/via discounts to local residents across our programme.

Local grassroots groups are largely led by volunteers who do not have the capacity to fundraise all the costs to deliver their unique, activities.

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Working with cross sector peers:

Case Study:

Tramshed was commissioned to produce and deliver a community engagement programme as part of the Greenwich Park Revealed (supported by Royal Parks and Heritage Fund) since 2021.This fouryear programme aimed to promote engagement through diverse cultural events, promote inclusivity, and attract a wide-ranging audience, including families, young people, and Black and Minority Ethnic communities. We have engaged:

5313 audience members across 24 performances or workshops 221 average audience members and 127 artists

We lost only 3 performances whilst working in the park across 4 summers, though we were working outdoors we were able to rearrange most activities.

What an amazing concert. THANK YOU!!! Buzzing atmosphere & fab music!!! Thank you so much for letting our children join in with the music, all the kids LOVED it!!

So great to see the young people up there doing their thing, we don’t usually get to see performances like this on the bandstand

The full programme was:

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Tramshed Participant leading a making workshop at Greenwich Park 2024, photo credit Roswitha Chesher

Through working with the amazing team at Greenwich Park across the years: - We increased audience diversity, the number of Black, Brown and Disabled audience members grew to come in line with local demography.

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Audiences said:

It was brilliant quality music, great atmosphere. The best day out this year, do it again please A lovely summer afternoon in London enjoying the multicultural life of London

Excellent musicians. Tramshed superb

An excellent event! Thank you !

excellent! great to see indonesian culture in london. more please!

Both myself and my 5-year-old really enjoyed the show - wonderful costume/puppets/scenary Wonderful powerful piece that is vital for our time.

TRAMSHED IMPACT: MEETING OUR AUDIENCE ENGAGEMENT STRATEGY

Setting our targets for 2023-7 we set out plans to

Indicators of success were

In 2024/25 we produced or facilitated:

The team

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The Komagata Maru Incident Community Cast Members, Union Festival June 2024, photo credit Henry Roberts

Meeting our Vision to Increase Social Cohesion

In our Strategic Plan 2023-7 (prepared in 2022) we set out that a sign of success would be that those engaged with Tramshed identified a sense of belonging at events.

At the outset of 2024 we engaged consultant Kuumba Nia to support of period of reflection for the trustees, team and community as we prepared for the departure of our long-standing CEO Jeremy James. This also gave us chance to understand if we were meeting this commitment to providing welcome and a place of belonging. The report set out its methodology:

“To gain an understanding of the organisation’s mission, vision and values, as seen through the eyes of its stakeholders, staff and trustees, qualitative research methods were used to collect data in the form of one-to-one interviews and participant workshops with stakeholders, staff and trustees. Stakeholders were asked a series of questions during one-to-one telephone interviews which focussed on their experience of Tramshed and their views about the future direction they thought the organisation should take. Staff members and trustees participated in workshops where they were able to explore their experience of Tramshed’s mission, vision and values in practice, and consider how this could shape the organisation’s future direction.”

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Recommendations included

During the following period we have

We recognise that individual groups share the same space and tell us that they feel welcomed. Dr Pamela Franklin of Caribbean Social Forum said:

"Tramshed as a vital community space. Its welcoming, accessible environment enables people of all ages and backgrounds to connect, engage, and participate in activities that promote health, wellbeing, and personal development. Tramshed plays a crucial role in fostering social cohesion and empowering communities. Supporting such spaces aligns with our shared vision of enabling individuals to lead connected and fulfilling lives”

We are also working towards bringing groups together for more cross engagement of community. This was most successful during 2024/25 at the Woolwich Jazz Series, initiated by the founder of Tramshed’s resident group Woolwich Creative Club Sophie Nicol. The Creative Club offers free music tuition for local children from professional jazz artists including Byron Wallen and Trinity Laban students. Sophie and conceived of a run of public performances featuring these artists and other resident groups Woolwich Singers and the Caribbean Social Forum. This was funded by Arts Council England National Lottery Project Grants and saw 6 busy, highly praised participatory performances from Woolwich Jazz Legends and community.

We are aiming to build on this programme success in 2026.

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Increasing Access for Attendees

To collate and analyse our audiences in 2024/25 we have used demographic data from feedback forms collected at events. At large scale events we have used clickers for headcounts, each event counted from beginning to end by 2 separate stewards to check accuracy. We have been using the same feedback postcard based on the Audience Finder Survey Questions since 2021 to follow our story through quantitative and qualitative information across time.

----- Start of picture text -----
Audiences Audiences Participants
2024/25 2023/24 2024/25
Category (IMD 2019) (IMD 2019) (IMD 2019)
Greenwich Borough Postcodes 59% 60% 80%
Indices of Multiple Deprivation Top 10% 1% 1% 1%
Indices of Multiple Deprivation Top 20% 28% 21% 31%
Indices of Multiple Deprivation Top 50% 72% 70% 85%
Income Deprivation Top 10% 5% 5% 6%
Income Deprivation Top 20% 63% 24% 38%
Income Deprivation Top 50% 76% 74% 87%
Employment Top 10% 1% 0% 2%
Employment Top 20% 10% 11% 19%
Employment Top 50% 62% 63% 77%
Education Top 10% 0% 0% 0%
Education Top 20% 2% 1% 3%
Education Top 50% 45% 40% 56%
Health Top 10% 0% 0% 0%
Health Top 20% 2% 4% 4%
Health Top 50% 45% 49% 62%
Crime Top 10% 23% 11% 12%
Crime Top 20% 36% 30% 33%
Crime Top 50% 80% 78% 85%
Barriers to Services Top 10% 23% 21% 36%
Barriers to Services Top 20% 61% 60% 70%
Barriers to Services Top 50% 92% 90% 95%
Living Environment Top 10% 7% 8% 2%
Living Environment Top 20% 19% 26% 10%
Living Environment Top 50% 78% 78% 69%
Income Deprivation Affecting Children Index Top 10% 4% 6% 7%
Income Deprivation Affecting Children Index Top 20% 34% 24% 17%
Income Deprivation Affecting Children Index Top 50% 78% 74% 88%
----- End of picture text -----

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----- Start of picture text -----
Income Deprivation Affecting Older People Index Top
10% 36% 32% 40%
Income Deprivation Affecting Older People Index Top
20% 49% 44% 59%
Income Deprivation Affecting Older People Index Top
50% 83% 79% 90%
Asian 7% 9% 6%
Black 21% 29% 44%
Mixed Ethnicity 8% 9% 10%
White 62% 44% 30%
Latin American/Other 1% 8% Data n/a
Disabled 16% 7% 36%
Not Disabled 84% 93% 56%
----- End of picture text -----

Our summary table shows that our audiences are likely to travel further to see events – participants are more locally based; be a little more affluent and be more representative as Greenwich as a whole borough rather than our local neighbourhood.

Stand out statistics across the year include more audience members experiencing more indices of multiple deprivation and affected by income deprivation. We recognise we have a pattern of attendance from people who fall into the lower 50% across all areas. There is a marked increase in people identifying as White in our audience group during 2024/25. In 2025/26 we have specifically sought to programme work from Black and Brown theatre makers and have seen, so far, a return to a more representative number of audience members identifying as global majority.

The team aimed to create a programme and experience that felt accessible across protected characteristics. Audiences shared

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The venue is included in the listings guide AccessAble which sets out our offer for visitors. We have had free training for Dementia Awareness to help us see the venue as audiences might and further enable our team to host our community.

By the end of the year, we started to collect information on the way the audience’s travelled to Tramshed to understand more about our carbon impact. Tramshed does not have a dedicated car park but has 7 bus stops (18 routes), an overground, DLR and Elizabeth Line station on our doorstep. In the initial survey we found that – for family performances –

Sue Elsegood, N’Abled Steering Group Member in I’m Possible, Not Impossible , photo credit Henry Roberts

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Audience Motivation to Attend

To spend time with friends/family 20%
To be entertained 19%
To enjoy the atmosphere 13%
To learn something 8%
To be inspired 7%
To entertain my children 5%
To educate/ stimulate my children 5%
To do something new/out of the ordinary 4%
Artform/ Activity is an important part of who I am 4%
To be intellectually stimulated 4%
For reflection 3%
to escape from everyday life 2%
For a special occasion 2%
For professional reasons 2%
For academic reasons 1%
For peace & quiet 0.50%
Other 0.50%

Word cloud of all audience feedback for all performances:

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Participation is a key part of our mission statement. We aim to include interactive programming in our event series. We showcase our groups in our professional programme/festivals (e.g., Reach’s Concert, Dramatic Voices’ Aladdin, Tramshed Young Company Age Is Revolting) We research productions that actively engage audiences to take part in the performance (e.g .

BuildyUppyDanceShow from Anatomical , The Museum of Marvellous Things by Practically Perfect Pictures , The Diana Auction from HRH Aphrodite , The Ancient Oak of Baldor by Frozen Light )

The Diana Auction, HRH Aphrodite, Generator March 2025

We have also offered Q&A sessions post performance so that audiences and artists can build on their experiences. As so many artists we work with consider themselves as emerging – developing their voice – this feedback loop can be invaluable. As many performances touch on issues around identity audiences have found it beneficial to have a place to share thoughts and questions with respect and kindness.

We used our budget as efficiently as possible to ensure the highest possible quality performances for audiences. There was an average 9.4 satisfaction rating, 98% audiences rated the content as Good or Very Good and feedback cited:

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Thanks to support from the National Lottery Community Organisations Cost of Living Fund we were able to offer high quality, professional, diverse family programming in Spring 2024. Nationally recognised artists, supported by Southbank Centre, Arts Council England, Half Moon Theatre, Cast (Doncaster) brought their work to Tramshed, free to attend and followed by shared meals. The feedback was overwhelmingly positive, a sample was

Pricing Policies

We began to explore what people would be willing to pay for quality regular family theatre. The results were mixed, in a survey at a free event attendees shared that:

Audiences members added helpful narrative

As a result, we set our ticket prices for following events so that we always offer

This matches our tried and tested Youth Theatre fees and hyper-diverse town demographics.

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Theatre in Schools

In December 2023 Tramshed was commissioned by the RBG Safer Streets team to deliver a pilot project on building self-esteem, enabling young people to walk away from conflict and de-escalate tensions. After a successful run in Abbey Wood for 918 young people in schools and youth clubs this project gained funding as a key consortium partner on the MyEnds project from the GLA Violence Reduction Unit. In March and November 2025 we worked with c 1150 young people aged 10-14 in Woolwich Dockyard and Glyndon.

The main benefit was seeing and hearing from the teachers about the deep impact the work had:

In addition, we were pleased we were able to gain

Digital Platforms

----- Start of picture text -----
Media Source 2024/25 2023/24 Increase/Decrease
Facebook Fans 2018 2003 0.07%
Twitter
NB no regular posts from 1
Feb 25 2999 3225 -7%
Instagram 3770 3163 19%
Linked In Followers 547 0 100%
Total Followers 9334 8391 11%
----- End of picture text -----

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Facebook Impressions
505,642
407,357
24%
Insta impressions
194,948
172,675
13%
Linked In Impressions
4,592
0
100%
Total Impressions
705,182
580,032
21.5%
Website Active Users
from 17.7.24
18,444
No data
3K returning users -
17% of total
~~==~~		 Facebook Impressions
505,642
407,357
24%
Insta impressions
194,948
172,675
13%
Linked In Impressions
4,592
0
100%
Total Impressions
705,182
580,032
21.5%
Website Active Users
from 17.7.24
18,444
No data
3K returning users -
17% of total
~~==~~
There was no data with Google Analytics for our former website in 2023/24. We regained this in July There was no data with Google Analytics for our former website in 2023/24. We regained this in July
2024 when we lost our hosted site as Brackets Digital folded. We have had a temporary site since
then:
Page title
Views
Active users
Event count
Bounce rate
Tramshed
13K
8.7K
45K
29.40%
What's On
7.1K
4.2K
17K
9.70%
Our Venue
3.2K
2.3K
7.9K
23.80%
Our Programme
2.7K
1.7K
6.3K
6.90%
Jobs and opportunities
2.7K
1.5K
7.8K
50.70%
Participation
2.5K
1.5K
5.8K
5.20%
About Us
2.4K
1.6K
6K
13.70%
~~===>~~
In the new financial year we have improved on all of these rates. In the first 6 months of 2025/26 we
have seen
Page title
~~=~~		 Views
~~=~~		 Active users
~~==~~		 Event count
Bounce rate
~~=~~		 Event count
Bounce rate
~~=~~
Tramshed
10K
6.1K
33K
28.00%
~~==~~
What's On
6.6K
3.3K
16K
12.10%
~~==~~
Our Venue
2.5K
1.7K
6.1K
24.50%
~~==~~
Jobs and opportunities
2K
1.1K
5.3K
30.80%
~~==~~
Our Programme
1.9K
1.1K
4.5K
8.50%
~~==~~
About Us
1.9K
1.2K
4.5K
14.30%
~~==~~
Participation
~~=~~		 1.9K
~~=~~		 1.1K
~~==~~		 4.1K
~~=~~		 5.00%
~~=~~

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FINANCE REVIEW

Summary of performance and position

Income for the year amounted to £656,936 (2024 - £419,320)

Expenditure totalled £563,329 (2024 - £568,717)

The net movement in funds for the year was therefore a surplus of £93,607 (2024 - deficit of £149,397), resulting in total funds at 31 March 2025 of £23,101 (2024 - £70,506).

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Included in total funds is an amount of £5,702 (2024 - £29,568) which is restricted to be carried forward into 2025/2026.

Full details of the restricted funds can be found in note 17 to the financial statements, together with an analysis of movements during the year.

Accordingly, the unrestricted general funds of the charity at 31 March 2025 totalled £17,399 (2024 – -£100,074).

The net book value of tangible fixed assets stood at £3,874 (2024 - £5,811)

After excluding the net book value of tangible fixed assets, the unrestricted “free” reserves of the charity stood at £13,525 (2024 – -£105,885) at the year end.

FINANCIAL STABILITY

Tramshed has faced compound, complex challenges since Autumn 2019 and the management team has worked throughout with our Trustees to assess and navigate the risks for the organisation.

In October 2019 a decision by our landlords, Royal Borough of Greenwich, to repair aspects of Tramshed venue led to a full refurbishment programme. The £4M investment in the space was firmly linked to trust in the management of Tramshed Arts Ltd and we were granted a new 50-year lease for the building. This capital project took place across 2019-2022 and, given the circumstances, encountered delays. This necessitated 2 moves by the team before we could come back into the new space, impacting on our capacity for development.

During that period the Covid 19 pandemic meant that we lost unrestricted earned income (90% Hire Income, 78% Participation Fees, 71% Box Office) Although we were successful in gaining some Covid Recovery Funds (including £230K from Arts Council England) we understandably saw funder priorities begin to change towards grassroots organisations, particularly based outside London.

Since the end of the pandemic and our return to our purpose-built venue inflationary pressures, increased competition for available funds and the most recent cost of living crisis has had a severe impact on the organisation. Thanks to Covid support schemes we were able to weather the years of lockdown and bring £173K forward into 2021/22 and £219k forward to 1.4.2022. However, during 2022/23 we forced by all these extraordinary external circumstances to use some of our unrestricted reserves and the c/f into 23/24 was £78,891.

We continued to face pressure in the Spring of 2023 and made plans to reduce staff time in order to meet rising building overheads and programme commitments. The charity maintained a dialogue with our major stakeholder, the Royal Borough of Greenwich throughout. There was a huge strength of feeling amongst both Council Officers and elected members to safeguard the organisation through this unprecedented period. This was recognition of our own value and our function as host to so many important local small charities. Therefore, Royal Borough of Greenwich worked with Tramshed Arts Ltd to arrange a £200K Loan as a social investment in the charity for the benefit of the local residents and community partners. At the close of the financial year, 31.3.24, the loan sat as a liability on our balance sheet for accounting purposes.

Given the extraordinary challenges for cultural and creative industries and as a recognition of dedicated community support and upturn in our circumstances in December 2024 the Royal Borough of Greenwich made the decision to convert the loan into a donation of £125K and grant of £75K. This decision transformed our position.

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The team have been working with the local authority on a recovery plan since 2023 which is monitored quarterly by senior officers at RBG. Trustees are actively engaged in the substantive decisions for the organisation

In January 2025 discussions began with Tramshed about taking on a leading role to deliver the Cultural Impact Award in Greenwich borough. We are the confirmed Creative Programme Partner for this high-profile activity which we are using to drive further interest and investment in our work. Our role will be to facilitate two Steering Boards of young people aged 13-18 and 19-30. Using the £450K budget across 18 months we will employ 24 young people to commission and deliver work that is meaningful to them. The project will build cross sectoral partnerships for the participants and our organisation, driving a role in supporting the next generation of producers.

ENVIRONMENTAL RESPONSIBILITY STATEMENT

Tramshed, photo credit Rachel Ferriman

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Tramshed makes sustainability a positive part of our organisation by

Indicators of success have been

CAPITAL PROJECT FINANCES

The total refurbishment of Tramshed was £4 million. Investment from RBG was £3.3 million with a target for Tramshed of £700,000 - £50,000 has already been achieved. The project slipped in terms of delivery time scale creating challenges for all concerned, the Tramshed team, construction company and RBG. The final period (April through October 2022) proved particularly challenging for Tramshed with the team awaiting completion. We had to wind down operations in the temporary base we had moved to in 2019 as clearance of that building became a necessity. As a result, we could not deliver all planned programme and certainly not develop new programmes or activities.

Tramshed have negotiated a lease framework with RBG ensuring longer-term sustainability to put the charity in a favourable position. We have been issued a lease with rent agreed as:

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Additionally, if at the end of Phase 2 Tramshed has been unable to raise all its capital requirement this will become a fit-out rent spread out across the 50-year lease on the building. This allows us to build upon the 50 years already spent serving the communities of Greenwich and SE London.

FINANCIAL PROCESSES

Budget-holder accountability has been sustained and systems are regularly reviewed e.g., second eyes to approve all transactions – both bills to pay and when issuing invoices. The Finance Officer has added funder tracking to our Xero reports in addition to streamlined nominal and project codes.

Tramshed reports PAYE figures monthly and VAT quarterly through Xero to HMRC.

Our Finance & General Purposes sub-committee regularly review levels of risk to the financial position of the company. They meet in advance of quarterly board meetings to scrutinise management accounts and a new separate cash flow against budget. In the accounting period the sub-committee is made up of four Trustees (including the Chair, Treasurer), the Interim Director.

Dhononjoy Ray, an ACA qualified accountant with senior audit experience is our Vice Chair and he remains on the F&GP group assessing process and risk. He provides corporate governance and improves the control environment to ensure Tramshed continues to play a key part in the local community.

TRAMSHED RISK MANAGEMENT

In the context of wider pressures and internal changes the Tramshed has a Risk Register based on the Charity Commission’s Guidance CC26. The document sets out

And identifies and addresses risks using a heat map. We have taken into account legislation and regulations appropriate to the activities, size and structure of the charity in

We risk assessed likelihood from remote to highly probable and impact from insignificant to catastrophic. We assessed factors for our organisation in our sector we looked at good practice mitigation to find a residual risk factor. At no point did we find risks rated in the top 1/3 e.g. from probable with major impact. The remaining hot spots of concern remain in areas of available finance, especially those factors that are less within our control, such as the competition for and availability of grant and trust funding.

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To tackle this significant challenge for the organisation we have

We are aware of the impact of change on the people in the organisation. Tramshed has always encouraged team and board members to take up professional development opportunities. We are particularly indebted to house theatre network, AMA and London Youth for setting low or no membership rates and providing highly relevant and detailed training. Our team have benefitted from courses on

We take a holistic approach to risk management at all times and never think of an individual situation out of context. We aim to discuss the pros and cons of decisions with relevant team and board members before committing to more complex decisions. Ahead of our 4 year plan 2023-27 we developed a series of strategies to act as guiding documents to support good planning. These need to be dynamic and responsive enough but give the organisation a set of principles influenced by all the voices of people who take part in our work.

RESERVES AND POLICY

The Trustees have reviewed Tramshed's general reserve figure in line with the guidance issued by the Charity Commission: Charity reserves: Building Resilience.

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Trustees are particularly aware of the financial pressures that the past 5 years has placed on the sector and Tramshed particularly. During this period trustees were aware that reserves the organisation had been able to build up during previous years might have to be drawn upon to support the viability of the organisation.

Trustees Reserve Policy has been to set a preferred level to match the costs of winding down the organisation and paying off all liabilities. This is felt necessary to cover eventualities such as not meeting annual fundraising requirements, the temporary or permanent loss of its premises due to events such as fire or flood, or the sudden loss of a primary, statutory funding source, which the organisation is reliant on to deliver its charitable purposes and activities. This will ensure the charity can continue to run efficiently and maintain its programme of activities.

Trustees agree that general reserves are necessary to ensure the organisation can meet its obligations, particularly if intended funding sources fail to meet the required targets. The policy and the level of reserves held are reviewed annually by the Trustees.

The delays to the later aspects of the Phase 1 Capital Project, increasing energy costs and other impacts of the “Cost of Living” crisis made 2022-24 a much more challenging period; In 2022/23 Trustees agreed that if the organisation should fall slightly below the full amount, they would look to redress that shortfall across the following 24 months confident that the new income opportunities the building will offer will increase the sustainability they are aimed at achieving.

Free reserves on 31 March 2025 amounted to £25,225. This amount was sufficient to pay all redundancy costs that would be owed by the organisation if it were to close on that date. Redundancy packages at 31 March 2025 stood at £13,925.

The charity created a detailed, conservative budget for 2023-27 with specific multiple potential income sources and targets to fund programme strands to inform strategic choices at Tramshed in 2025/26.

The current Interim Director has cross checked amounts balance above and below the line as much as possible and discussed possible bids to resource activity with grant officers.

TRAMSHED ARTS LTD REPORT OF THE TRUSTEES STATEMENT OF TRUSTEES, RESPONSIBIUTIES The Trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and Unrted Kingdom Generally Accepted Accounting Prathce. Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charttable company and of the income and expenditure of the charitable company for that penod. In preparing those financial statements, the Trustees are required to. Select suitable accounting policies and then apply them consistentiy Observe the methods and prtnciples in Accounting and Reporting by Charities". Statement of Recommended Pradice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) Make judgements and estimates that are reasonable and prudent State whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company viill continue in operation The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charrtable company and hence for taking reasonable steps for the prevention and detedton of fraud and other irregulartties. The Trustees are responsible for the Maintenan￿ and integrity of the corporate and financial information included on the chantable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions This report was approved by the Trustee nd signed on their behalf by: Chair of Trustees: Roger Wilson Date: £7-1- £026 39-

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TRAMSHED ARTS LTD

_______________

Independent Examiner’s Report to the Trustees of Tramshed Arts Limited

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Tramshed Arts Limited (‘the charitable company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of our examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRAMSHED ARTS LTD

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practi￿ for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no COn￿rnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. PIERS HARRISON FCA Scrutton Bland Limited 820 The Crescent Colchester Business Park Colchester Essex C04 9YQ Date: 30 January 2026 41

TRAMSHED ARTS LTD STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025

Total Total
Unrestricted Restricted Funds Funds
Notes Funds Funds 2025 2024
£ £ £ £
Income from:
Donations and gifts 3 137,438 4,000 141,438 11,217
Grants receivable 4 105,000 223,306 328,306 260,658
Charitable activities 5 14,249 43,812 58,061 46,887
Other trading activities 6 129,131 - 129,131 100,558
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
Total income 385,818 271,118 656,936 419,320
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
Expenditure on:
Raising funds 7 11,000 - 11,000 30,901
Charitable activities 8 257,345 294,984 552,329 537,816
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
Total expenditure 268,345 294,984 563,329 568,717
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
Net (expenditure)/income 117,473 (23,866) 93,607 (149,397)
Gross transfer between funds - - - -
Net movement in funds 117,473 (23,866) 93,607 (149,397)
------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------
Total funds brought forward
at 1 April 2024 (100,074) 29,568 (70,506) 78,891
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------- -------------------------------------------------------
Total funds carried forward £17,399 £5,702 £23,101 £(70,506)
at 31 March 2025 ================= ================= ================= =================

All incoming resources and resources expended derive from continuing activities. The Statement of Financial Activities includes all gains and losses recognised in the year.

TRAMSHED ARTS LTD BALANCE SHEET AS AT 31 MARCH 2025 Total Funds 2025 Total Funds 2024 Notes Fixed assets Tangible fixed assets 13 3,874 5.811 3,874 5.811 Current assets Debtors Cash and cash equivalents 14 55,940 38,215 77.498 50.142 Creditors: amounts falling due within one year 94,155 127,640 15 (74.928) (78,957) Net current assets 19.227 48,683 Total assets less current liabllities 23.101 54,494 Creditors: amounts falling due after one year 16 (125,000) Net assets 23.101 (70,506) Income funds Restricted funds Unrestri(Xed funds 17 17 5,702 17,399 29,568 (100.074) £23,101 £(70,506) The financial statements have been prepared in accordance wtth the special provisions applicable to charitable companies subject to the small companies, regime. In the directors, opinion the Charitable Company is entFtied to these exemptions as a small company. Approved by the Board of Trustees on 29 January 2026 and signed on its behalf by: Chair of Trustees Roger Wilson Comparty registration number. 1029063 Charity registrats'on number: 1026883 -43-

TRAMSHED ARTS LTD

STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2025

_______________

2025 2024 2025 2024
£ £
Cash flows from operating activities
Net income/(expenditure) 93,607 (149,397)
Depreciation of tangible assets 1,937 3,483
Loan converted into donation (125,000) -
Decrease in debtors 21,558 28,032
(Decrease)/Increase in creditors (4,029) 31,157
_____ _____
Net cash (outflow) from operating activities £(11,927) £(86,725)
_____ _____
Cash flows from investing activities
Purchase of tangible fixed assets - -
_____ _____
Net cash used in investing activities £- £-
_____ _____
Cash flows from financing activities
Loan - 125,000
_____ _____
Net cash from financing activities £- £125,000
_____ _____
Change in cash and cash equivalents in the year £(11,927) £38,275
Cash and cash equivalents at 1 April 2024 £50,142 £11,867
_____ _____
Cash and cash equivalents at 31 March 2025 £38,215 £50,142
================ ================
Analysis of changes in net debt
Cash in hand and at bank £38,215 £50,142
_____ _____

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

TRAMSHED ARTS LTD

_______________

1 GENERAL INFORMATION

Tramshed Arts Ltd is a Charitable Company limited by guarantee, incorporated in England and Wales, registered company number 01029063 and registered Charity number 1026883. The address of the registered office is The Tramshed, 51-53 Woolwich New Road, London, SE18 6ES.

2 ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities SORP (FRS 102) and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention. The Charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are prepared in pounds sterling and rounded to the nearest £1.

The following principal accounting policies have been applied:

Going Concern

The trustees consider that there are no material uncertainties about the Charitable Company’s ability to continue as a going concern.

Previously the pressure on the results of the charity had resulted in deficits and negative free reserves, this pressure has eased during this financial year resulting in positive free reserves at the year end. We have worked closely with the Royal Borough of Greenwich (RBG) and in August 2024 a social investment loan facility of £200,000 was arranged. £125,000 had been drawn down from this facility as at 31st March 2024 and was held as a liability on the balance sheet. During 2024/25 Royal Borough of Greenwich wrote off the £125,000 loan and this has been treated as a donation in the 2024/25 accounts. The Council also converted the remaining £75,000 loan facility into a grant within 2024/25 in recognition of the commitment of the Borough to supporting the charity. Whilst this resolved the cash flow issue, a recovery plan was developed with the aim of returning funds to a surplus as soon as possible, being achieved in 2024/25. The development of additional facilities, in conjunction with RBG, due to be completed in late 2025 will be a major new source of income and surplus with the availability of two rehearsal spaces which will be availability to the charity. The charity has also been successful in attracting new funding for 2025/26.

During the year Tramshed invested in new support for a sustainable future. A full time Operations Manager is building and maintaining efficient processes. Sector specialist development consultants Achates, with proven track record in building organisation resilience, are working with the team strategically to increase revenue funding. The continuing financial uncertainty is constantly being reassessed from a risk management perspective.

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

TRAMSHED ARTS LTD

_______________

ACCOUNTING POLICIES - Continued

As a result of the above, the Trustees of the charity are constantly monitoring costs and are continually revisiting formal recovery plans. Based upon this, the Trustees have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the charity will have sufficient resources to meet it's liabilities as they fall due.

Income

Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Income consists of donations and grants, donated facilities, ticket sales for performances, fees for workshops, youth theatres and other activities, and income from theatre hire and bar sales.

Donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Grants from government, other agencies and voluntary bodies have been included as income from charitable activities where these amount to a contract for services, but as grants where the money is given in response to an appeal or with greater freedom of use, for example monies for core funding.

Income from ticket sales for performances is recognised on the date of the performance to which the tickets relate.

Income from youth theatres, workshops and other activities is recognised on the date the workshop or activity occurs.

Income from theatre hire is recognised on the provision of the rental space.

Income from bar sales is recognised at the point of sale.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_______________

2 ACCOUNTING POLICIES - Continued

Donated services and facilities

Donated services and facilities are recognised in income and expenditure when the charity has control over the item or service, conditions associated with the donated item or service have been met, the receipt of economic benefit from the use by the charity of the item or service is probable and that the economic benefit can be measured reliably.

Services provided by volunteers

For the purposes of these financial statements, no value has been placed on administrative and other services provided by volunteers in accordance with the Charities SORP FRS 102.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measure reliably.

All expenditure is accounted for on an accrual’s basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings as described below. The classification between activities is as follows:

All expenditure is stated inclusive of irrecoverable VAT.

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

TRAMSHED ARTS LTD

_______________

2 ACCOUNTING POLICIES - (continued)

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, PR and marketing, provision of office services and equipment, and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs with respect to its compliance with regulation and good practice.

Support costs and governance costs are apportioned based on the ratio of direct costs under each of the charity’s various programmes.

Tangible fixed assets

Fixed assets are stated at cost less depreciation. All assets costing more than £1,000 and with an expected useful life exceeding one year are capitalised. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected lives on the following basis:

Leasehold improvements - Over the term of the lease Computer equipment - 20% straight line Fixtures and fittings - 20% straight line

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such financial statements and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short-term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

TRAMSHED ARTS LTD

_______________

2 ACCOUNTING POLICIES - (continued)

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probably that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Fund structure

Unrestricted general funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the charity’s charitable objects at the discretion of the Trustees.

Designated funds comprise monies set aside out of unrestricted general funds for specific future purposes or projects.

Restricted funds comprise monies raised for, or restricted by donor-imposed conditions to a specific purpose.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities on a straight-line basis over the term of the lease.

Pension contributions

Contributions in respect of the charity’s defined contribution pension scheme are charged to the Statement of Financial Activities when they are payable to the scheme. The charity’s contributions are restricted to the contributions disclosed in the staff costs note. The charity has no liability beyond making its contribution and paying across the deductions for the employees’ contributions.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

______________

3 DONATIONS AND GIFTS

Total
Unrestricted Restricted Funds
Funds Funds 2025
£ £ £
Donations 137,438 4,000 141,438
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
£137,438 £4,000 £141,438
================= ================= =================
Total
Unrestricted Restricted Funds
Funds Funds 2024
£ £ £
Donations 710 10,507 11,217
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
£710 £10,507 £11,217
================= ================= =================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

YEAR ENDED 31 MARCH 2025
Total
Unrestricted Restricted Funds
Funds Funds 2025
£ £ £
4 GRANTS RECEIVABLE
Greenwich - Family Arts Festival - 4,500 4,500
Greenwich Council - Other project grants - 9,000 9,000
Greenwich Council -Safe Communities - 21,276 21,276
Peter and Teresa Harris Trust - 5,000 5,000
Henry Smith Foundation - 40,200 40,200
Children In Need - 8,714 8,714
Charlton Athletic Community Trust - 10,000 10,000
Greenwich – Mencap - 3,150 3,150
Jack Petchey Foundation - 1,800 1,800
Metro GADS - 15,000 15,000
Garfield Weston Foundation 30,000 - 30,000
Greenwich Council - Recovery Plan 75,000 - 75,000
National Theatre - 4,702 4,702
Berkeley Homes (East Thames) Ltd - 5,000 5,000
Groundwork London - 14,964 14,964
Royal Borough of Greenwich - 80,000 80,000
--------------------------------------------------- ---------------------------------------------------
---------------------------------------------------
2025 Total funds £105,000 £223,306 £328,306
================= ================= =================
Total
Unrestricted Restricted Funds
Funds Funds 2024
£ £ £
Greenwich – Children’s Theatre Festival - 19,000 19,000
Greenwich – Core funding - 84,200 84,200
Greenwich – Other Project Grants - 34,570 34,570
John Thaw Foundation - 1,500 1,500
Peter and Teresa Harris Trust - 5,000 5,000
London Youth (Rise Up and Summer - 5,522 5,522
Skills)
Royal Free London NHS Foundation Trust 302 - 302
Charlton Athletic Community Trust - 7,873 7,873
Greenwich – Mencap - 3,000 3,000
Jack Petchey Foundation - 12,479 12,479
Metro GADS - 4,000 4,000
Greater London Authority - 905 905
National Lottery Community Fund - 55,077 55,077
National Theatre - 5,547 5,547
Lewisham Youth Theatre - 10,683 10,683
Berkeley Homes (East Thames) Ltd - 5,000 5,000
Maximus - Local Impact Fund - 6,000 6,000
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
2024 Total funds £302 £260,356 £260,658
================= ================= =================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

5 INCOME FROM CHARITABLE ACTIVITIES

Total
Unrestricted Restricted Funds
Funds Funds 2025
£ £ £
Youth arts 2,989 - 2,989
Performances 11,260 - 11,260
Community Engagement activities 40,644 40,644
Other activities - 3,168 3,168
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
2025 Total funds £14,249 £43,812 £58,061
================= ================= =================
Total
Unrestricted Restricted Funds
Funds Funds 2024
£ £ £
Youth arts 7,678 - 7,678
Performances 11,091 - 11,091
Other activities 7,120 20,998 28,118
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
2024 Total funds £25,889 £20,998 £46,887
================= ================= =================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

______________

6 INCOME FROM OTHER TRADING ACTIVITIES

Total
Unrestricted Restricted Funds
Funds Funds 2025
£ £ £
Lettings income – theatre hire 126,568 - 126,568
Bar income 2,563 - 2,563
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
£129,131 £- £129,131
================= ================= =================
Total
Unrestricted Restricted Funds
Funds Funds 2024
£ £ £
Lettings income – theatre hire 93,971 - 93,971
Bar income 6,587 - 6,587
--------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
£100,558 £- £100,558
================= ================= =================
7 EXPENDITURE ON RAISING FUNDS
2025 2024
£ £
Staff costs 11,000 30,901
--------------------------------------------------- ---------------------------------------------------
£11,000 £ 30,901
================= =================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

8 EXPENDITURE ON CHARITABLE ACTIVITIES


Core		 Participatory Theatre Projects Community 2025
Capital Engagement Total
Fund
£ £ £ £ £ £
Direct staff costs -
Artists - 37,475 12,579 165 11,200 61,419
Other - 34,373 7,114 1,998 8,761 52,246
Employer’s on 127 - - 28 155
costs
Travel, transport - 325 1,076 12 437 1,850
and allowances
Production and - 9,156 9,117 12 9,872 28,157
running costs
(including staff
costs
Venue hire and - - - - - -
associated costs
Admin and - 2,031 123 - 230 2,384
marketing
Support costs: - 45,092 16,213 1,181 16,488 78,974
central premises
costs
Support costs: - 186,796 67,150 4,893 68,305 327,144
non premises
costs
--------------------------------------------- --------------------------------------------- --------------------------------------------- --------------------------------------------- --------------------------------------------- ---------------------------------------------
Total expenditure £- £315,375 £113,372 £8,261 £115,321 £552,329
=============== =============== =============== =============== =============== ===============

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_______________

8 EXPENDITURE ON CHARITABLE ACTIVITIES - continued

Core Participatory Theatre Projects Community 2024 Total
Capital Engagement
Fund
£ £ £ £ £ £
Direct staff costs
Artists - 23,740 20,484 7,575 4,100 55,899
Other - 18,121 6,225 14,301 2,569 41,216
Travel, transport - 541 2,313 15 98 2,967
and allowances
Production and - 5,506 17,427 19,429 2,905 45,267
running costs
(including staff
costs)
Venue hire and - - - 300 - 300
associated costs
Admin and 1,488 1,171 1,205 1,470 162 5,496
marketing
Support costs: - 28,034 27,221 24,613 5,617 85,485
central premises
costs
Support costs: - 98,773 95,906 86,718 19,789 301,186
non-premises
costs
-------------------------------------- --------------------------------------------------- --------------------------------------------------- --------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
Total expenditure £1,488 £175,886 £170,781 £154,421 £35,240 £537,816
================= ================= ================= ================= ================= =================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_______________

9 SUPPORT COSTS

2025 2024
£ £
Support staff costs
- Artistic 35,135 35,009
- Finance and admin 86,165 128,682
- Production and education 142,877 101,683
- Other staff costs 19,219 14,852
------------------------------------------------- ---------------------------------------------------
283,396 280,226
Governance costs
- Audit and accountancy 6,048 8,401
- Board expenses 573 1,355
-------------------------------------------------- ---------------------------------------------------
6,621 9,756
Other support costs
- Depreciation 1,937 3,483
- Hospitality 635 601
- IT and telecommunications 11,343 11,845
- General office expenses 15,060 12,193
- Marketing and publicity 5,740 5,588
- Training and recruitment 1,639 3,501
- Travel, transport and allowances 441 620
- Sundry 11,331 4,272
------------------------------------------------- ---------------------------------------------------
48,126 42,103
------------------------------------------------- ---------------------------------------------------
£338,143 £332,085
================= =================
10 NET INCOME/(EXPENDITURE) FOR THE YEAR
This is stated after charging:
2025 2024
£ £
Statutory audit - 8,350
Independent Examination 6,000 -
Depreciation 1,937 3,483
Operating lease rentals 11,700 16,575
---------------------------------------------
--------------------------------------------

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

______________

11 STAFF COSTS

2025 2024
£ £
Wages and salaries 223,555 251,276
Social security costs 13,439 13,891
Pension contributions 3,788 3,956
--------------------------------------------------- ---------------------------------------------------
240,782 269,123
Freelance staff costs 156,976 108,626
-------------------------------------------------- --------------------------------------------------
£397,758 £377,749
================= =================

The average number of employees, calculated on a average headcount basis, during the period was 15 (2024 – 13).

No employee received emoluments in excess of £60,000 in the year (2024: None).

The key management personnel of the charity, comprise the Trustees, the Chief Executive Officer and Executive Director. The total employee benefits of the key management personnel of the charity were £37,102 (2024 - £70,898).

12 TRUSTEE REMUNERATION AND REIMBURSED EXPENSES

One Trustee, Rosie Thackeray worked as a Director for the Young Company Project for which she received £2,085 during the year (2024: £640), no other Trustees’ remuneration, expenses reimbursements or other benefits for professional or other services were supplied to the Charity for the year ended 31 March 2025, nor for the year ended 31 March 2024.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_______________

13 TANGIBLE FIXED ASSETS

Leasehold Fixtures Computer
improvements and fittings equipment Total
£ £ £ £
Cost
At 1 April 2024 11,014 22,549 26,276 59,839
Additions - - - -
------------------------------------------------ --------------------------------------------------- --------------------------------------------------- ----------------------------------------------------
At 31 March 2025 11,014 22,549 26,276 59,839
------------------------------------------------ --------------------------------------------------- --------------------------------------------------- ---------------------------------------------------
Depreciation
At 1 April 2024 11,014 16,738 26,276 54,028
Charge for the year - 1,937 - 1,937
Disposals - - - -
------------------------------------------------ ----------------------------------------------- --------------------------------------------- ------------------------------------------------
At 31 March 2025 11,014 18,675 26,276 55,965
------------------------------------------------ ----------------------------------------------- --------------------------------------------- ------------------------------------------------
Net book value
At 31 March 2025 - 3,874 - 3,874
================== =================== =================== ===================
At 31 March 2024 - 5,811 - 5,811
================== ================== =================== ==================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

__________

14 DEBTORS

2025 2024
£ £
Trade debtors 32,493 61,999
Prepayments and accrued income 23,447 15,499
-------------------------------------------------- ---------------------------------------------------
£55,940 £77,498
================= =================
15 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade creditors 19,611 26,135
Other creditors 7,265 16,387
Accruals and deferred income 48,052 36,435
-------------------------------------------------- ---------------------------------------------------
£74,928 £78,957
================= =================
16 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Loan - 125,000
-------------------------------------------------- ---------------------------------------------------
£ - £125,000
================= =================

The Loan represents funds drawn down from a loan facility of £200,000 with the Royal Borough of Greenwich, when entered into the term was to expire on 25[th] December 2036 when it was to be fully repaid. The interest charge has been waived where the charity is able to evidence there is a social benefit to their charitable activities. During 2024/25 year end the Royal Borough of Greenwich wrote off the £125,000 loan and this has been treated as a donation in the 2024/25 accounts. The Council has also converted the remaining £75,000 loan facility into a grant within 2024/25.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_____________

17 FUNDS
Balance Balance at
at 1 April Income Expenditure 31 March
2024 2025
£ £ £ £
Unrestricted Funds (100,074) 385,818 (268,345) 17,399
Restricted Funds
BBC Children in Need - 8,714 (8,714) -
Henry Smith Foundation - 40,200 (40,200) -
Greenwich - core funding - 80,000 (80,000) -
Greenwich - Other project grants - 25,776 (25,776) -
Greenwich - Family Arts Festival 9,570 9,000 (18,570) -
Royal Parks - 40,644 (40,644) -
Peter and Teresea Harris Trust 6,126 5,000 (11,126) -
Charlton Athletic Community
Trust - 10,000 (10,000) -
Greenwich - Mencap - 3,150 (3,150) -
Jack Petchey Foundation - Achievement
Award - 600 (600) -
Jack Petchey Foundation - Achievement
Award 1,200 1,200 (1,200) 1,200
Metro GADS - 15,000 (15,000) -
National Theatre Connections 2,502 4,702 (4,702) 2,502
Berkeley Homes (East Thames)
Ltd - 5,000 (5,000) -
Maximus - Local Impact Award 4,410 - (4,410) -
Groundwork London – Greenwich
Heathier Communities - 14,964 (14,964) -
Morgan Sindall Construction 5,760 - (5,760) -
Donations - 4,000 (2,000) 2,000
Other restricted grants - 768 (768) -
NMM - 2,400 (2,400) -
-------------------------------------------------- -------------------------------------------------- --------------------------------------------------
--------------------------------------------------
29,568 271,118 (294,984) 5,702
-------------------------------------------------- -------------------------------------------------- -------------------------------------------------- --------------------------------------------------
£(70,506) £656,936 £(563,329) £23,101
================ ================ ================ ================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_____________

17 FUNDS - continued
Balance at Balance at
1 April 2023 Income Expenditure 31 March 2024
£
£
 £ £
Unrestricted Funds 66,569 127,459 (294,102) (100,074)
Restricted funds
Greenwich - 19,000 (19,000) -
- Family Arts Festival - 34,570 (25,000) 9,570
- Other project grants
- Core Funding 3,128 - (3,128) -
My London Social Action - 1,500 (1,500) -
John Thaw Foundation
Royal Parks - 12,808 (12,808) -
Peter and Teresa Harris Trust 9,193 5,000 (8,067) 6,126
London Youth (Rise up and
Summer Skills) - 5,522 (5,522) -
Charlton Athletic Community
Trust - 7,873 (7,873) -
Greenwich – Mencap - 3,000 (3,000) -
Jack Petchey Foundation - core - 10,679 (10,679) -
-
Achievement Award		 - 600 (600) -
-
Achievement Award		 - 1,200 - 1,200
Metro GADS - 4,000 (4,000) -
Greater London Authority - 905 (905) -
National Lottery Community
Fund - 55,077 (55,077) -
National Theatre - 5,547 (3,045) 2,502
Lewisham Youth Theatre - 10,683 (10,683) -
Berkeley Homes (East Thames)
Ltd - 5,000 (5,000) -
Maximus - Local Impact Fund - 6,000 (1,590) 4,410
Morgan Sindall Construction - 5,790 (30) 5,760
Charities Trust - 377 (377) -
International Festival
National Philanthropic Trust UK - 10,000 (10,000) -
Other Restricted Grants 1 130 (131) -
NMM - 2,400 (2,400) -
--------------------------------------------- ------------------------------------------------- ------------------------------------------------
 ------------------------------------------------
12,322 291,861 (274,615) 29,568
------------------------------------------------- ------------------------------------------------- ------------------------------------------------ -------------------------------------------------
Total funds £78,891 £419,320 £(568,717) £(70,506)
=============== =============== ================== ==================

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

_______________

17 RESTRICTED FUNDS - continued

BBC Children In Need

Core support for our work with Young People from January 2025-December 2027 including staffing for Youth Drop In

Berkeley Homes

Funds from the housing developer from their community investment programme to bring relevant, engaging theatre activities to their sites for their residents and wider neighbourhoods.

Charlton Athletic Community Trust

Funding for Youth Theatre, enabling free access to our programme for anyone aged 10 and up.

Garfield Weston Foundation

Award for core support for Tramshed October 2024 to September 2025

Greater London Authority

Grant to run a consultation session with the Caribbean Social Forum on behalf of the Commission for Diversity in the Public Realm

Greenwich Festivals

Grant to deliver the inclusive Union Festival from June 2024 to August 2025 featuring professional artists and community casts.

Greenwich Mencap

Reimbursements for the Tutor for Dramatic Voices sessions – drama for Adults with Learning Disabilities.

Groundwork London – Greenwich Heathier Communities

Grant towards the costs of the Whatever Makes You Happy project, giving young people with Adverse Childhood Experiences, mental health and wellbeing concerns space to take part in therapeutic, supported drama and art sessions.

Henry Smith Foundation

3-year award from April 2024 to March 2027 to support our adults with learning disabilities and differences programme.

Jack Petchey Foundation

Jack Petchey Awards are distributed to participants to recognise their achievements on a termly basis.

John Thaw Foundation

Grant towards the costs of the Whatever Makes You Happy project, giving young people with Adverse Childhood Experiences, mental health and wellbeing concerns space to take part in therapeutic, supported drama and art sessions.

Lewisham Youth Theatre

Lead partner in the My London Social Action project, managing the funds from the Greater London Authority. The Tramshed Youth Advisory Panel planned activities and worked with other activists in Greenwich and Lewisham.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

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17 RESTRICTED FUNDS - continued

London Youth (Rise Up)

Training for Tramshed’s Participation Assistant and Operations Manager

London Youth (Summer Skills)

Grant to host free creative sessions for young people aged 11-16 during the summer holiday, project designed by a local young producer and co-delivered with the team at Tramshed.

Maximus - Local Impact Award

Funds to pay for a Community Support Worker in Spring 2024, supporting skills development for young people and their parents/carers

Metro GADS

Award to run a feasibility study with local Disabled artists and advocates as a steering board for a 3 year Disability Arts Festival in Greenwich 2024-6

Morgan Sindall Construction

Local developer working on the neighbouring new Leisure Centre site. Morgan Sindall have hired space for meetings and invested in our Dramatic Voices programme for Adults with Learning Disabilities.

National Lottery Community Fund

Grant to support work at Tramshed to ensure local residents could access services during the cost of living crisis. Activities underpinned through this award included free food for community members through work with the Woolwich Gudwara, Youth Drop In, Young Company and Caribbean Social Forum.

National Maritime Museum

Tramshed provide actors for Character Encounters at the National Maritime Museum (Royal Museums Greenwich). Performers work at the museum on a monthly basis to share family friendly interactive tours as an introduction to the Museum's galleries.

National Theatre Connections

Support to host the annual national festival of youth theatre. The award enabled Tramshed to bring the young companies together to see each other’s work and socialise.

National Philanthropic Trust

A grant from a donor advised fund in the Cazenove Capital Donor Advised Fund, administered by National Philanthropic Trust UK (NPT UK). The donation was restricted to meet costs for the Youth Theatre programme in 2023/24.

Peter and Teresa Harris Trust

Grant to support the Reach Theatre Company of Adults with Learning Disabilities/Differences

RGB - One-off grant

These funds were made available to Tramshed from the Commissioning team at Royal Borough of Greenwich Children’s Services, restricted to the provision of Whatever Makes You Happy, a free programme for young people in Greenwich who have emotional and behavioural difficulties or special educational needs.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

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17 RESTRICTED FUNDS - continued

Royal Borough of Greenwich - Recovery Plan Grant

One off award to support the organisation with additional unforeseen costs during the cost-of-living crisis. These funds were initially given in the form of a loan but commuted to a grant on 31 December 2024.

Royal Borough of Greenwich VCSE Award

4-year award from April 2023 to March 2027 to support our work in skills development for participants and programme to animate public spaces.

Royal Free NHS Trust

Payments for the ThriveLDN project to support the wellbeing of young people and their parents/carers through creative activities.

Royal Parks

4-year commission awarded to Tramshed to deliver community engagement activities in Greenwich Park as a part of their Greenwich Park Revealed project. Funds were restricted to delivery of Youth Takeover Days, Bandstand Music Events and free Film in the Park nights.

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

18 ANALYSIS OF NET ASSETS BETWEEN FUNDS

General Restricted 2025
funds funds Total funds
£ £ £
Fixed assets - 3,874 3,874
Current assets 92,328 1,827 94,155
Current liabilities (74.928) - (74,928)
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------
£17,400 £5,701 £23,101
---------------------------------------------------- ---------------------------------------------------- ----------------------------------------------------
General Restricted 2024
funds funds Total funds
£ £ £
Fixed assets - 5,811 5,811
Current assets 103,883 23,757 127,640
Current liabilities (78,957) - (78,957)
Long term liabilities (125,000) - (125,000)
----------------------------------------------------- ----------------------------------------------------- ----------------------------------------------------
£(100,074) £29,568 £(70,506)
----------------------------------------------------- ----------------------------------------------------- -----------------------------------------------------

TRAMSHED ARTS LTD

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025

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19 OPERATING LEASES

At 31 March 2025 the total commitments under non-cancellable operating leases were as follows:

202500 202400
£ £
Expiry date:
Within one year 16,200 13,921
Between two and five years
Later than five years 47,125 46,800
498,225 509,925
-------------------------------------------------- ----------------------------------------------------
£561,550 £570,646
================= =================

During the year, the Charity incurred expenditure of £17,828 (2024: £6,624) relating to operating leases.

20 MEMBERS’ LIABILITY

The Charitable Company is limited by guarantee and accordingly has no share capital. In the event of the charity being wound up the liability guaranteed by each member is £1.

21 RELATED PARTY TRANSACTIONS

Jackie Smith, a Trustee, sits on the council of the Royal Borough of Greenwich. The charity received £80,000, (2024 - £84,200) in grant funding from the Royal Borough of Greenwich for its core activities and £34,776 (2024 - £53,570) for various restricted projects.

The rent of the refurbished building from the 2[nd] November 2022 has been as a fit out rent to offset the costs incurred by the Royal Borough of Greenwich in refurbishing the building, The rent payable under the lease will be 30% of the market rental value for the 50 year term of the lease. The tenant will therefore benefit from a concession from the Royal Borough of Greenwich amounting to 70% of the market rental value. This rent is known as the concessionary rent and was initially set at £12,000 per annum.

The charity has received £314,776 from the Royal Borough of Greenwich during the year. The Royal Borough of Greenwich wrote off the £125,000 loan received in 2023/24 during the year and this has been treated as a donation in the 2024/25 accounts. The Council has also converted the remaining £75,000 loan facility into a grant within 2024/25 and this is included in the total above.