Conip*ny No: 3J.104.13 Ch*rlty CommiS5iOD England and Wales: 1050944 Office of the S¢ottish Chartty Regul*tOT: SC043237 THEP UST A COMPANY LIMITED BY GUARANfEE IYDED JiITH NOVEMB 2023 111 11111 *AD9￿￿￿• 1W2024 COMPANIES HOLISE THE PLEASAI¥CE THEATRE TRUST A COMPANY LIMITED BY GUAiiANTEE LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER: 1050944 (Charity Conmussion England and Wales) SC043237 (Office of the Scottish Charity Regulator) COMPANY NUMBER: 3130433 DItiE AND TRUSTEES.. R.M. House, Esq .Ms D Williams Ms S Lloyd-Barnes Ms J. Boyd COMPANY SECRETARY: J.R. Faulkner. Esq REGISTERED OFFICE: Carpenters Mews. North RoaiL LONDON. N7 9EF AUDITORS: Messrs. JcffTey Alttnan & Company* Chartered Accouniants, Wayrnan House. 141, Wickham Road. Sbirley. CROYDON. Surrey. CRO 8TE. The Royal Bank of ScotlaThd Edinburgh St Andrew Square. 36 S¢ Andrew Squar¢. Edinbur EH2 2YB PLEASANCE. TH£*TRÉ TAIJST Welcome to the Annual Report for the Pleasance Theatre Trust, Year End 30th November 2023 Introduction The year ending 30tr November 2023 was a successful year for the Trust - both on and off stage. With a programme of work in Pleasance London and a successfijl season at the Edinburgh Festival Fringe the Trust has restabibsed its finanaal posrtion. following the negative effects of Covid in the previous three years. For the Edinburgh Festival Fringe season, the Trust once again presented a vibrant and diverse programme, consistent with pr pandemic levels, operating on three siies. opening 29 theatre spa￿s. The programme induded 285 productions ofwhich over 150 were festival premieres. Productions in the feslival programme received numerous award ncxninations and attracted over 480,000 ticket sales, a 50A increase on the previous year. The Pleasance programrne represented 80A of the shows registered with the Edinburgh Festival Fringe Society and accounted for 22V• of the overall sales ofthe festival. Pleasance Futures. the Trusfs development umbrella, directly supported 15 produclions, through the Charlie Hartill Fund. the Young Pleasance and The Edinburgh National Partnership ￿heMe. The Edlnt￿rgh Festival Fringe remains the world's largest rnarketplace for theatre. t)uring the festival. the Pleasance issued 3.960 press tickets and over 9.600 arts industry tickets to wsiting entertainment industy representatives. The Pleasance remains one of the largest developers for new theatrical work in the UK. Festival highlights In¢￿ded the award-winnirvJ shows.. The Ice Hole in the Pleasance GraThJ, Dark Noon at the Edinburgh Intemational Conference Centre. Public The Musical and Pitch presented as part of the Trust's Charlle Hartlll Fund. The Trust hosted the second year of The Edinburyh National Partnership scheme, set up in collaboration with six regK)nal producing theatres to showcase the very test new writing from the four comers of the United Kingdom. With a new creattve t&wn. the Young Pleasance celebrated their 28th prodU￿10n at the festival wth Showgirfs and Spies. the company consisted of forty young people from various parts of the country. The Trust's primary schools, initiative also wekomèd over 1,300 ¢hildren from auoss the uty of Edinburgh. For many it was ther first visit to the theatre and the festival. At the Pleasance in London. the Trust put in place a more c{X￿lida1ed programrne across each week. as a way to maximise ticket sales. increase bar revenues and to reduce casual staff costs. This induded increasing the capacty of the cabaret layout of the main theatre, maintaining table servicE from the baf, embracing a nv)re popular trend for trywout sessions, scratch perfomances. one-night comedy or cabaret programmin9. The programme also included filmir¥J for broadcaster Comedy Central and a variety of recorded comedy specials for individual artists. During this period. Workspace, our London landlords, gave notice for Ihe removal of the temporary 'Downstairs' theatre space, established in the garage of Pleasan¢e London in 2017. As a result. during this peri(MJ we moved to more nightly doubl&show programmiro in both the Studio and Main House over fewer days of the v￿ek. Sales results were mainly positive, with shows averaging above 50% sales. greatty enhancing ow tv)x offKe from the preV￿uS yeaf. Overall, the Trust's achievements this year have beep very positsve. marked by a rich and diverse array of perfomances and a solKI financial recovery, setting a promising stage for the future. The year-ending November 2023, whilst challenging for the Trust. was financially consistent with the planned recovery from the pandemic. After devoting over £200.000, direcdy or i kind. to its chartlable development projects. the Trust recorded a surplus of £15,012. Pagell PLEASANCE. THEATRE TAUST More information on all our activibes in the Financial Year ending 3trh November. 2023 is contained in the Artistic Report within. The Trust's Charitable Objective The pleasan￿ Theatre Trust {the Yrusf) is a tharity reglstered In both Scolland and England & Wales. The objective of the Trust. as enshrined in its Memorandum of Association, is lo advance the educatKJn of the public in the arts. and in particular the dramatic arts. It does thi5 by: offering to the publc the Opl￿nity to experience new Irends in performance, alongside outstanding examples of More traditi'onal practice: fostering innovatK>n in perk)miance auoss a wide spectrum of artistic enterptise: offering opportunities to Y(￿ng and emerging people both on and off stage: and encouraging Indusic￿ and diversity in productions, staff and audiences.. at al times contributing positr¥ety to (￿lture. communiti'es and our wider society. Specific activities to support our Objective The Trust supports its Ofy'ective ttwough a wide raNJe of adivities. which can be summarised as: production of a season of perfoman￿ at Pleasance Edinburgh. at the Edinburgh Festival Fringe- provision of a yeararound programme of perf￿M￿ceS at the Ploasance London theatre spaces: provision of rehearsal, production and development facilities al Pleasance London,. artistic developmenl and support through Pleasance Futures (induding The Young Pleasance. The Charlie Hartill Special Reserve Fund, The Pleasance National Partnership programme arKI other associale schemes and development activiiies}' development of initiatives lo exlend the reach of pleasan￿ actiwty on live and digital platfomis: development of initiatives to support the career devek)pment of indNiduals in industy related a¢tivilies induding. technical skills. marketing. customer servi and theatrical management. aiming to entertain and exate. to presep48 the opportunrty of live performance. development of initi.atives to support creative associates in industry-related activities e.g. photography, film-making. journalism and production; and supporting aitisb'c endeavour through the provision of production and technical servtces. Who we are, what we do and vthy we do IL The Pleasance is'a plattom. for established and emerging artists across muttiple perfonnance disciplines. Al the Pleasance we believe it is important to give all people affordable space and the freedom to tske risks. both on arKI off stage. From this platform of innovation and education springs personal confidence and great careers are given a stage from which they can Ilourish. Giving our audiences the widest possible diversty of performance. from across the cultural spectrum, is also central to the charitys aims. This spirit has powered the Pleasance throughout th8 past fwr decades. durin9 which we have become work￿renoVMed Pag¢12 PLEASANCE. TMEA TRE TRUST for showcasing some of the entertainment industrfs finest tslent, both on and off stage. Building a communty that encourages and develops Ihe brightest new ideas and careers, that inspires raw talent. nurtures skill. excitement and wellbeing is why we exi5L Our aim. through platl<)mi in both Ednburgh and London. and n partnershtp wtth numerous arts organisations, the UK and abn)ad, is consistent: to create a collegiate, diverse and mutually supportive environment, where the financral risk of presenting work Is transparent and the artJ'stiG risk is under-pinned. shared and enabled by a knowledgeable and imaginative oye team. Thi5 is delNered in the context of a cohort of Pleasance artists at very drfferent stages of their careers. Our objective is for those that have spent time at thg Pleasance to leave V￿th a far broader perspective, vasljy more knowledgeable, with greater confidence and a bdder. more productive sense of purpos8. We hope that some V￿11 retum to support others in time. The Pleasance is a place for th8 experimenlal and the r￿w. It is where performers. writers. directors. designers. technicians. producers and the rest can take risks, develop ￿eaS and feel fully supported and nurtured. Not every project *ill triumph. but l(y)k carefulky because. as our history demonstrates. a great many will. sin￿ 1985 the pleasan￿ has presented a programme of exciting and thallenging new theatrical work at the Edinburgh Festival Fringe across 29 different perfonnance sparEs and, sin¢e 1995. vthen the Pleasance became a tharity. it has also presented y￿rk at the Pleasan¢e Theatre in London. whith currenty houses thre8 perfomancA spac8S. In 1995. alongside the programmes of the EdIn￿rgh Festival Fringe and LorKlon theatre. the Trust launched its first distinct educational initiative. th8 Young Pleasance. to provide opportunities for young perfonners. In 2004 The Charlle Hartill Fund was established to support new work and new artists in both theatrical and comedy productions. The furKI supports work through three strands, The Comety Resorvo. The Early Ensemblo Fund and The Global Majority Fund - the latter for UK-based blad(, Asian and global majority artists. Since that time, several other educational or support programmes have been launched and. in 2014, the majority of these Programmes were brought together under Pleasanc• Futures, an umbrella to provide better focus, funding and ccFordination behveen all the dedicaled support Strands of the Trust's aGtivities. In 2018, the Trust launched its Edlnburgh Nallonal Partnership Programme under Pleasance Fuiures, lo partner with leading national producing theatres. to identify and support exceptional emerging artists and companies local to them. who want to take work to Ihe Fringe. The Trust houses a number of Associate Artlsts and performers on an annual basis arKJ regularly presents work-in-progress and devek)pment sessions with emerging artists and producers. For the third year, the Trust presented a season of new work during its London Futures Festival and. in 2021. the Trusl launched the Edlnburgh Schools Initiatlve. prov#Jing free lickets and transport for over 1,300 primary school children to be able to attend the Edinburgh Festival Fringe. The Pleasance believes in proTrMling the plaltom for eStablis￿d arKI devebping artists acrcJSS many performanctrbased disciplines. Such acliwty presents many risks to participants. including financial risK especially to emergirKJ artists. at whatever stage of life. At the Pleasance we believe il is importantto share many of those risks and give all people affordable space and the freedom to tske risks, both on and off stage. From this spirit of innovation and education. springs personal confidence and great careers are gtven a springboard from which they can flourish. Giving our audiences the widest possible diversty of performance, auoss the farthest reaches of the cultural spectrum, is also central to the Trust's aim. The Charty has a long-established px)Sit￿n in the perf0m￿nCe sector, based on the successful development ofthe Edinbur9h and London programmes. Its strategy is to maintain Page13 PLEASANCE. T￿￿A TRE TRUST and develop this position by employing an effective and innovatlve professional operational team. under the supervisM)n of a body of trustees. The TTUSt's operations in London and Edinburgh are entirely symbiotic, each promding the other wth mulual benefft. The London theatre houses the full-time siaffing operation for both Edinburgh and London - the same team njnning both operations. Crucially. London provides a hub and perfomiance opportunities for artists pre- and post- the annual Edinburgh Festival Fringe. and indudes vital development and rehearsal space for the various strands of Pleasan¢e Futures. The Pleasance celebrated 28 years in its London base in 2023. The Pleasance Theatre Trust is a rnmpany limited by guarantee, registered as a tharity (i) in England and Wales with the Charity Commission (CC) and (li) in Scotland, with The Office of Tha Scottish Charity Regulator (OSCR). There are no shareholders and th8 trustee d*ectors a￿ volunleers who receive no payment or divhdend. There is a fu114ime management team, and associated staff. who create and manage the festNal programme and run the London theatre. The Trustees would Ilke to thank all of those that have supported the charty through its continued recovery from the pandemic. This support from Govemment. a variety of trusts and foundatN)ns. and individual donors has enabled the Trust to retain its London theatre, maintain its core team of full-time staff. keep a presence in Edinburgh for the Festival Fringe and deliver as many of rts Pleasance Futures programmes as possible - in tum. supporting the wider theatrical arts community. Rl¢hard H¢xtse Chaimian Date 7d A a. aozfr Page14 PLEASANCE. THEATRÉ TRUST 1. Artistic Report 1.1 Edinburyh Festival Fringe Season. August 2023 The Trust's second fuu Festival post-Pandemic saw pleasan￿ retwn to almost full strength, with more than 480,000 tid(ets sokl, a 10% in¢Trase on the pre￿uS year. In recognition of the Increasing costs faced by wlists bringing work to the Fringe, Ihe Trust increased its stsndard box office split by 5% for both VAT and non-VAT registered artists presenting in performance spaces with less than 90 seats {Comedy) and 100 seats (Theatre). This crucial additional investment hel)ed offset increased accommLxk2tK)n costs and impacts of the cost-of-living rAisis. This reaffirmed the Pleasance as the leading supporter of emerging artists at th8 Fringe. and was combined with over £160,000 of direct investment in shows supported by Pleasan¢e Futures. with support from a variety of funders. the £dIn￿rgh Schools Inttiative, in its third year. Y￿S larger than ever. with more children and more schwls attending: over 1.300 tickets were issued for Ch￿dren in 18 different sch(ds (and approximately 150 for ac¢(wnpanying adults). Almost all of the schools sent more than one class, so in totsl arourKI 40 dasses attended. The schools involved were.. Balgreen: Carrick Knowe; Castleview" Craigentinny.. Dandérhall., Forthview: Frogston: GracemounL Granton.. Hennits￿ Park: Juniper Green" Murraybum" Pimiehall; Sighthill; St Cuthbervs RC" St Marfs RC. Stenhouse. and Victoria. The school leavers programme welcomell over 30 sdKxS leavers from Edinburgh's secondary schools to spend a number of days at the festival, shadowing varbous departments. For the Se￿nd year running. the Trust further devebped and enhanced the sector48ading °Playwell and Pleasance PreventatNe Care Programme". supporting the mental health and wellbeing of all Pleasance artists, staff and volunteers. 2023 saw additional artist and staff mentsl health risk assessment workshops. video and in person counselkng. and tie-ins with wider cty-wide sen4ices. Edlnburyh Theatre. Dance. Clprus & Muslc The theatre programme saw another hugely successful year w6th various awards and nominations. including.. Edinburgh National Partnership woduction CHOO CHOOI w)n a prestigious Fringe First Award from The Scotsman and the Mental Health Foundalion Fringe Award for this vital show exploring obsessive compulsive disorder: Broadway Baby's Bobby Award was awarded to A Manchest8rAnthem' Pleasance shows were induded in Theatre Weekvs 'Best of The Fesf awards. with Stroud & Notes taking home Best Musical for Public - The Mu&cal and Home winning the award for Best Physical Theatre. B18ck is the Color of My vol￿ won Best Play. the innovative genius of The Ice Hole - A Cardboard Comedy won Best Comedy; and Best Writing V￿nI to the very desemng Unforyettable Girt. Individual performances at The Pleasance were also celebrated. with Jack Stokes On￿ again V4rynning Best Solo Performance. this time fc* Lash" In Loyal Company and Public - The Musical were shortlisted for the Holden Street Theatres, Edinburgh Fringe Abyard. with Public also shortlisted for the Fringe Encore Season in New York Cty: and Diana.. The Untold and Untme Story was the runner up for the Brighton Fringe Award. Page15 PLEASANCE. THEATRE TRUST Other programme highlights included: ***** - The Guardian "extraordinary outsider vision of American historf Dark Noon our headline produdion al the EICC. This co-production with Glynis Henderson PTodu¢tions and Alchemation facilitated the UK premiere of this startling new show- itself a collaboration between acdaimed Danish direGtor Tue Biering (Fix + Foxy), co-directed and choreographed by Soulh African theatrewmaker NNanhla Mahlangu: **** - The Stage "a show that is at once tender and resonant. Frankie Thompson and Liv Ello: Body Show, played a sold out month-long run. before a Se1￿Ul transfer to Sol)0 Theatre" picking up a The Stag8 Crit￿. Pick along the way.. Trainspotting Live played its 1￿ Annr¥er5ary Season, again selling out its bespoke immersive Spa￿ at the EICC" and Award winning Artistic Director of Graeae. Jenny Sealey retumed to Pleasance. this time with a unique autobiographical s<)lo show Self-Raising, beflye embarking on a UK tour. Edlnburgh Comedy Another fantastic year for Gomedy, dominating the Edinburgh Comedy Awards with eight nominations: Ania Magliano. Janine Harouni and Kieran Hodgson all up for the main award. and Bill O'Neill, Lindsey Santoro. Louise YouThJ. Martin Urbano aThl Paddy Young all getting a newcomer nomination. Adam Kay in the Pleasano Grand was the biggest selling show ofthe Fringe, other headlin8rs that sokl out at the Pleasance induded: Shaparak Khorsandi. Rosie Jones. Mark Watson. Mawaan Rizwan and fvo Graham. to name a but a few. As y￿11 as the nominees, the Pleasance also hosted some other exciting debuts. Nabil Abdulrashid, Lachlan Wemer. Jodie Mitchell. John Tothill, Leila Navabi, Tadiwa Mahlun9e and many more. The Pleasance always presents a few spea'als every Friffje. Direct from his last perfomiance on Broadway, Aex Edelman brought bad( his show Just For Us for one night. Nick Mohammed's alter ego Mr Swallow also came to the Grand for a one off show. Lolly Adefope presented a number of perfomiances. and before filming his HBO Special, Leo Reich retumed with Literally Who Cares?1 Always supporting new talent through the Pleasance Comedy R8seThe, w8 took two shows to the Fringe in 2023. supporting eight new exotsng comedians: Abby Wambaugh, Ele McKenzie, Jin Hao Li. Kyrah Gray. Micah Hall, Shalaka Kurup. Vlad Ilich and Will Robbins. 1.2 Pleasance London Since its foundation in 1995, the Pleasance's year-round hfft in Carpenters Mevts, Islington. has prowded some of the leading talents in the theatrical community with a plafforyn to develop vmrk. hone their craft and grow new audien￿. In a normal year, the artistic programrne at Pleasance Lon(kn runs in parallel with that of Pleasance Edinburgh. with curaled programmes such as the Work in Pr(>3ress, Edinburgh Preview and Best of Edinburgh transfer season hosting work both in and out of the Fringe. However. the programme also provides independent opportunities, fealuring work programmed specifically for a Lonth)n audierKe. one-off events and presentations from local academic inslitutK)ns including ArtsEd and Seedlwne. Page16 PLEASANCE. THEATRE TRVST Space in Pleasance L￿dI)n is utilised outside of perfomance lines to provide maximum benefit lo emerging companEs. with vacant space primarily offered in-kind for script readings, rehearsals and R&D weeks. aloryside a limited wmber of COMM￿ClaI hires. Formal artist developm8nt initiatives underthe Pla8sancoFu¢ures umbrella are also operated OLrt of the venue. such as a Pleasance Srxatch. Futures Festival and London Associates Programme. The building also provides an administrakn've hub for the Pleasance's Edinburgh operation. with a box office and off￿e space for the PleaSan￿'S ￿rrnanent employees Pleasance London comprises three perforniance spaces - the Main House. The Studio and Downstairs. With capacities rarying from 54 - 199 seats and flexible configurations in each, the London theatre prowdes perforniing companies wilh excellentfacilities that can be adapted to a large number of productions. Pleasance Downstairs is an innovative demountsble structure capable of being moved for use in Edinburgh. London Theatre The capacity of the Main House was expanded. from its COVKI layout of 150 seats. back lo 199, maintaining ts now unM4ue cabaret lay￿jL Continuing our recovery post-pandemic. this year saw a fools in the Main H￿s& on transfers from the 2022 Fringe programme. as wel as $upp)rting previews. and transfers from Ihe 2023 Fringe programme. High1￿hts included: Luke Wright: The Remains of Logan Dankworth -Raw. rollicking first-person poetry...a hurtling, headlong hour of storytelling stuffed full of savage satire and astule observations. V￿th the erErgy of Wrighl's delivery surging.. **** The Stsge Rinkoo Barpaga: Made in Ilndia) Bntain- Winner of Mervyn Stutter's Spirit ofthe Fringe Awards 2022 and Winner of The Deaf Excellence Award. The Neurodiverse Review Award. l Love You. Now What?_ Yhis brillianlty funny, heart-warming and raw debut. it is a tender and emotional joumey that may be cathartic for many membefs of the audience." **** LondonTheatre1 Lucy McComiac*: Lucy & Friernls- lucy Mcccffiiick may think she's the diva of her feral, budget cabaret of brazen filth but the real joy is tsking part in the push and pull of being in an audience under her spdf **** Broadway Baby We welcomed back Wright Bros Entertainment, after their Pleasan￿ debut in 2019. this time with a sell oui run of l Think l Might Cheat On My Girfriend. Our bi-annual WRESTIVAL continued in l)olh April and September 2023 including theatrelwrestling perfonnances. as well as a development programme where Pleasance London Associates were invited to help create the dramatic storylines for live wrestling matches. We also continued our annual Best of Edinburyh showcase in October. with 20+ productions retuming from the 2023 Fringe to play the Main House. Pleasance Downstairs continued as the home of emerging companies and debut playwrights. Responding to demand we ran a double-stacked programme throughout February to June. presenting multiple shows over a shorter period of the v￿ek. Page17 PLEASANCE. THEA TRE T AVST The season opened with Pick N Mix by Kat Rosfrmartin. as part of a UK twr. Other highlights included- l Hate It Here by London Associates Sweet Beef Broigus by London Associate Lauren Silver The Lrfe Sporadic of Jess kwildgoose by London Associates Vobz Collective Eila Domian-Gajic's Trade --A highty evocative look at the cruel world of human trafficking . Everything Theatre Kil Sindairfs 30 & Otrt - 'Powerful and moving with sexy grapefruits. A Youngish Perspective. Jonathan Oldfield's One Way Miffor - "Unmissable! A warmly comedi< poetKally written delight of a show.- London Comedy Christmas at the Pleasance was spent *ith Tim Key. and the big names continued throughout the year with, Rcrtnesh Raryanathan, Sanders. Tom Davies. Adrian Bliss, Steff Todd and Marcus Brigstocke. Pleasance London has be¢ome a home for pe￿￿e filming their co￿dY sp8cials. with Michael Akadiri and Ignacio Lopez producing their Sho￿ in the Main House. while Comedy Central returned taking over the buikling for four n￿hts of shows. The Studio once again has been the home of comedy deveknp￿￿nI in London. The Pleasance hosted Ihree seasons over the year, sPDwcasing some of the best comic tslent in the UK: The Work in ProgTrss Season saw acts such as Darren HarrioL Laura Smyth. Celya AB, Sikisa and Simon Brodkin showcase brand new work with us; The Edinburgh Prewew Season helped lots of our Fringe acts work up their hour for August,. and Our Posl Edinburgh Season brougm the best from all over the Fringe back to London. Acts induded Stephen Buchanan. christ0p1￿r Macarthur Boyd, Jo Grrffin and Amy Matthews. A special menllon must go to Ihe inaugural Sean Lock Cixnedy Award with Channel 4 that we were very honoured to host. 2. Pleasance Futures (Artist Development and Support) Pleasance Futures is the artist devebpment strand of The Pleasance Theatre Twst. acting as an incubator for bold new artists to make their mark. Pleasance Futures is committed to discovering and supporting the most exciting new voices. nurturing the development of emerging companies. youry perfomws and new writers. The Trust continues to work on behalf of artists. perfonr*rs and those behind the scenes, lo suc￿$$fullY mentor Ca￿er paths that, without support. may never come to light. All the work carried out by Pleasance Futures ts funded directly through donations from trusts and foundations, individuals and business. Any surplus from the Pleasance's annuaF operations is available to be reinvested back into these valuable programmes. Ple8san¢e Futures is overseen by a subcommitiee of the Trust Board. #Kluding Deborah Williams (Chair), Richard House, Sharon Uoyd Bames and Nikita Kana. Page18 PLEASANCE. T￿￿￿TRE TFiUST During the 2023 Fringe, the Pleasance c£*ntinued to buHd on last yearfs success and produced the largest wogramme of Futures supported work to date. collaborating with new organisations from across the UK and Northern Ireland and investing in a wide array of productijns and artists under new and existwig initiatives enabling companies with limited resources to appear on the Fringe. Productions received over £180.000 of direct financial support in addition to invaluable mentoring from the1leasan￿ tearn. 2.1 The Charlie Hartill Special Reserve The Charlie Hartill Special Reserve fund was estsblished in 2005 by Pleasance Founder Christopher Richardst)n. This is a designated. rolling hjnd towards the production costs of selected projects at the Edinburgh Festival Fringe. The Fund was created in memory of Charl•e Hartill - writer. perforner. ex-Presidenl of the Cambridge Foollights. eight years director of the Festival Fringe and the Pleasance's man of the ¢(Xnp￿er- who died in January that year. The Fund is managed Und￿ the Pleasance Futures subcommtttee and Christopher Richardson, founder of Pleasance, is the Chaiman of the Fund. The fund is divideij into three strands.. The Comedy ReseThe. The Earfy Ensemble Fund and The Generate Fund lor UK-ba$ed Blaek. Asian and Global MaiorltyArtlsts. The Trust is extremely grateful to Ellie and Duncan Mackinnon who have provided substantial financial donations to the Fund over several years. "It was the best decision that we ever made. and was the catalyst for the rolling series of events that followed... Elliot Warren. Flesh and Bone. Olivier-Award Winners, Charlie Hartill Recipients 2.1.1 The Comedy Reserve Wiat the Pleasance means to me is an instant emotional rncam of exu'tement.". Miranda Hart. Comedian Established in 2005. the Comedy ReseNe supports new comic tslent on the Fringe by selecting four emerging comedians and presenting them in a nightly mixed bill show in Edinburgh. Each act receives a finanoal subs1sten￿ during the festival and the full production costs are rA>vered ty the fund. Following in the footsteps of an illustri￿$ lisl of Reserve alumni, induding Jack Whitehall, Jamali Maddix. Holly Walsh. Daniel Rigby. Roisin Conaty and Joe Lycett, we were able lo support two lineups of eight Comedians. The 2023 recipients were: Abby Wambaugh, Ele McKenzie. Jin Hao Li. Kyrah Gray, Micah Hall. Shalaka Kurup, Vlad Ilich. and Wtill Robbins. Each comedian was selected by a judging panel after t¥￿> nights of try-outs in Pleasance London featurirvJ 20 acts shortlisted from 163 applications. The pleasan￿.$ 2023 comedy programme also featured seven Come(ty Reserve alumni. induding Chloe Pelts. Simon Brodkin. Rhys James, Darren Harriott, Josh Jones with Tadiwa Mahlunge and Mamun Elagab debutiThJ their solo shows at the Fr¥we. 2.1.2 The Earfy En$emble Fund As with the C earfy emerging creatives, Ash Manganaro and Emilia Hargreaves, who both have an interest in programming. We ran scratch nights at Pleasance, London with open submissions in March and November, showcasing the earty work of up to 20 artists. The scratthes were popular wrth over 31)0 submissions for the 12 spaces. °Such a nice envimnment. It was so accepting. supportive. I totally ￿11 come to the nexl one, whether I know someone in it or not 111 Thank you lor putbng this onl-. Audience Member, March 2023 Page115 PLEASANCE. THEA TRE TAUST 3. Festival Partnerships 3.1 Edinburyh University Students Association Since the very first season the pleasan￿ operated al the Edinburgh Festival Fringe in 1985, the Trust has enjoyed a mutualty beneficial partnership with the Edinburgh University Students, Association {"EUSA'), vtho manage a large number of the spaces that the Trust occupies at the pleasan￿ Courtyard and Pleasance Dome. Whilst the scale of the operation has grown since then. the principal relationship has remained the same - the Pleasance sets up the venues and creates the programme. v•hilst EUSA manages all of the food and beverage. Their catering operation is primarily slaffed by those studying at the UnDiersity, giving the student body a very close V￿rkIng relationship wtth the Fringe. for many their first job. Festival staff for EUSA are pemitted access to shows when tickets are available. As part of the festival deal. the Pleasance Theatre Festival Ltd, a wholly-owned subsidiary of the Trust. received a contractual sharé ol the bars and catering income generated by EUSA at the Courtyard and Dome. Whilst the theatre and catering operations are managed largety independently. the two organisations work dosely together to provide a seamless festival experience for visitors to the Courtyard and Dome. The Trust gralef(A fmpanies have taken their contractual share. with the Pleasance receiving a minority split of the resulting balants. "The Pl8asanc8 at EICC. programme and audience have steadily grown year-by-year. with the site offering opportunities for a range of large technicalty-complex produclions that may not otheNise be accommodated by the Fringe's tempcyary venues. The Trust is extremely grateful lo the stall at EICC. Page | 16 PLEASANCE. TMÉAYkÉ TkUSI 3.4 Waverfey Care For 31 years. the Pleasance has proudly supwted the vitsl work of s￿lIand's HIV and Hepatitis C charity. Wavertey Care. Everyyear. Wavertéy Care's dedicated team of volunteèrs an be found collecting donations throu9hout the Pleasance's venues and the annual comedy benefrt. The Tartan Ribbon. has become a staple of the Fringe calendar. This unique collaboration of two charities has raised over £660.000 to help deliver lifethnging services and change public perception for people thrOUg￿uL Scotland suffering from HIV. Hepatitis C and the effects of these diseases. Perfomiing companies across the Pleasance programme are encouraged to make live or reccrfded announcements at the end of their productions to highlight Wav8rt8y Care's work. 3.5 Accessibility The Trust is committed to creatirvJ a programme that is accessible to all and continues to take prowactive steps lo increase awareness arKI uptske of accessib￿ perfom7ances. Th8 Trust was pleased to continue to operate at the highest Level 3 Award as part of the Fringe Society's Venue Access Toolkit, wh￿h recognises prtractiwty in creating universally a¢cessible venues and partiapant experiences. Improvements to reach this level induded an incrèased level of disabilty awareness training across festival teams and improvements to the site including further investment in the 'Access Highwal over the Pleasance Coutyard's cobblestones for those with limited mobilty. There has also been an expansion of our programme of accessible wfomiances with 50% more perfonn8n￿s offering accessible enhancement (relaxed environment. BSL. ￿ptiOnS, audio description, touch tour or combination) than at the 2022 festNal. Amongst our progravnme was the intemational leader and innovator in accessible theatre, Graeae. premiering their new show Self Raising which has integrated BSL interpretation, captioning. audto description. In addition, the Fringe First Award-winning CHOO CHOOI (Or... Have You Ever Thought About ? (Cos l Have) had an integrated BSL and audio description. and was supported by th8 Edinburgh National Partnership programme. Whilst the Pleasance was pr￿d to conlnue improving its acGe5sibilty offering. it is committed lo the positive action required to make even further progress towards universal accessibility in the festival operation, facililies and programming. 3.6 Sustalnablllty The Trust manages a conts'nuous assessment of its impact on the environment and. in response to the climate crisis, concerted efforts were made again this year to improve the sustsinability of the Trust's operations through changes to our day-t{￿aY operation. our artistic programme. improvements to our year-round London premises and for the festival operation in Edinburgh, via the Green Venues initiative. In London. through significant capital funding received from the Cty Bridge Trust, the Tnjst will make improvements to our London premises and head offi￿, which wil S￿n￿¢antlY improve our energy efficiency and reduce our cart)on footprint, removing our dependen￿ on fossil fvels as a building. It will also move the lighting rig in both spaces to a full LED Operath￿ and better insulate the public a￿ as. Now in its second year. the Trust's Sustainability Steeling Group has continued to make improvements to the Trusl's operation and advocacy- and have reontly published an updated Environmental Policy which sets out the T￿￿rS k)ng-term green ambitions and Ihe roadmap for achieving these. 4. The Trust Pagel 17 PLEASANCE. T￿￿TRE TRUST The Trustees (also referred to as directors for the purposes of company law) present their report with th8 financial statements of the Trust for the year ended 30 November 2023. The financial statements have been prepared in accordance with the accounting policies set out In the notes to the financial statements arKI compty with the Trusvs constitutional documents, applicable law and the requirements of the Statement of Recommended Practice. "Accounting and Rep￿ing by Charities" 2005 FRS102. 4.1 Reference and Administrative Details The Charity was founded on 21 November 1995 and registered in England and Wales as a company limited by guarantee. with company r￿. 2013041. It is registered by the Charity Commissioners in England and Wales as a charity under the number 1050944 and by The otrice of the Scottish Charity Registrar under the number SC043237. 4.2 Truste•s Th8 Truslees vtho served during the year were as follows". R M House J Boyd S Lloyd Bames N Kana D Williams Secretary to the Trust: John Faulkner. The retiring Trustees are Richard House and Deborah Williams who offer themselve5 for re- election. The power to appoint arKI remove Injstees is vested with the Trustees. 4.3. Structure, Govemance and Management The operation of the Charity is govemed by its Memorarrfjum and Articles of Association. It is a company limited by guarantee. In the event of winding up. the members ¥￿11 be liable to contribute a maximum of £10 each. The charitsNe status has been approved by HM Revenue and Customs. sin￿ the charity uses ts funds onty for charitable purposes no laxalion is payable on the income or gains. The overall responsibility for the operations of the Trust and its finances is with the Trustees. but day to day responsibility for the administration and financial aspècts is delegated to the Trust Director, Mr Anthony Alderson, who is appointed by the Twst8es- for the avoidan¢8 of confusion, Mr. Alderson is not a Trustee (nor a legal director) of the company. The Trustees meet several times a year. eiiher in person ￿ by online conference. The Trustee body is compact and there are two operational sublicies. The fir￿l¢la1 reF￿1￿ framewo￿ th* h&8 l*en applied ID their preparation is applicable law and United Kingdom Accounttng St8tthrds, iD¢luding FRS102 Tr FiDaDciai Reporting S¢ applicable in the UK and Republi¢ of Ireland, (United Kitigdom Generalty Acceptsd Accimmting Practice). In opitttott the financial ststernen￿. Give a true and fair view of the of the Cbarity ￿ the Group's affaits as at 30 Novemiv. 2023 and of the Group's iocome and expetidibm for the year then Hav¢ be¢n prwty PT¢p4red ill acc£¥datt¢2 with UDiteA Kingdom GwKrally Accepted Accouting Ptactice" Have been properly pr¢par&J in xwrdanc¢ with the Charities and Ttwstee tnvestnKDt (s￿¢18nd) Act 21K15 and regulation 8 of the Ch•riti&% A¢cowits (Scotland) Regulations 2(K)6 (￿ ameD(led). B8sis for opinio We condu¢ted our audit ID a￿ordance with lrtten￿ StsndaTds on Audiiitig (UK) OSAS (UK)) and applicable law. Our responsibilities uThler thos¢ starylarth are further d&scribed the auditoPs responsibiliiies for th¢ audit of the fmanciat statements seaion of our reporL We are Inde￿ of the Clwity and the parent clwityble ¢ornp8ny In 3ccoriJance with the ethical reqUireMu￿ that are releI￿llt to audit of the financial Slat￿ents in the UK, in¢luditig the FRCS Ethi￿ Standar4 and w¢ hav¢ fulfilled our other ethical resp)osibilities ID accordaDce with these requirem¢nts. We ixli¢ve that th¢ 4udii evidenc¢ wt h•¥e (Jbtait*d is sufficieftt and appropriate to provi(le a basis for our opinion. Concluslons relatlDt to golog coneern tn auditing the financial sta¢¢]D¢nts, we have that the trLL%te& use of the goitig CODC¢rn basis of &¢¢outttitig in th¢ preparation of the financial statements is apwopriat¢. Bas¢d OD the WO￿ tb* we have i￿rfOrn￿￿ w¢ have not idetltified any materiat Uncertai￿lieS relating to events or condittons thaL individually or collectively, may cast sigTLificant doubt on the group's ability to continue as a goin8 concern for a period of at least 12 mODths from when th¢ finaucial staernents are authorised for is5U Our respon5ibiliti¢5 and th¢ re5w)DsilJilhti¢s of the tru5te¢5 with rtspect to going concern ae described in th¢ relevant Sectio￿ of this reporL ¢r information The mjstees are rttwible for the other infornthtioffj. The other Inforn￿on comprises the inf0m￿tion iDcluded in the Annual Repory including the tnLS*¢s [¢￿rt other thaTh th¢ financRal $tat¢rn￿ts and our auditovs report thereon. Our opinion on the fmancial sra¢¢aMts does not wver th¢ other itthrma¢ioD and ¢x¢¢pt to the extent otherwise explicffttly SW¢d in our report w¢ do nol exprw any form of assurance ￿￿luSiOn therwn. In ¢onD¢rtion with ow audit of the finall¢￿ statrments ow Yesponsibility is to th¢ other ]nforn￿tiOll an 65 121 473 567J2S I IWI 565WI 167AII £ 697 THE PLEASANCE THEATRE TRUST A COLVIPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL AcrtVITIES (iNCLUDtNG ￿COmE AND EXPENDITURE ACCOUNr) FOR THE YEAR ENDED 30TH NoVETr￿BE 2023 Unrestricted RestricteA Funds Funds 2023 2022 Charlie Hartill Fund General Grnits Fund Receivable Tolal Total NOTE INCOMIIYG RESOURCES Donations, legacies and s?milar resources Charit*ble A¢tlvitles Productions Other Charitsble Activities Actlvldes for GeDeratlng FuDds Letting Investment IDcome Inv¢sttnent Income Total Incoming Resources l73.458 178.677 23.750 375.885 502.805 3.698.885 35.745 3.698.885 3.216.773 35.745 37.404 44.314 44.314 39.378 57.429 4,009,831 1,186 58,615 8,769 24,936 4,213.444 3,805,128 178.677 RESOURCES EXPENDED Charitable activities Productions Other c￿￿rItable Activities 3,849.972 46.143 3.896.115 208,033 252 74.771 4.132.776 3.844.910 46,395 40,267 4.179.171 Toul resources expended 208285 74.771 3,885.177 oration T NET MOVEMENT FUNDS 113.716 (29.608) (49,835) 34,273 (80,049) Fund balances at 1st December. 2022 16 & 17 Fwid balances at 30th Nov¢mb¢r. 202-. 388,298 502.014 56,500 26.892 167,842 118.007 612,640 646,913 692,689 612,640 THE PLEASANCE THEATRE TRUST A COMPANY LIMITED BY GUARANTEE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 30TH N MB 2022 RECONCILIATION OF NET EXPENDJTUPE TO CASH tNFLOW FROM OPERATING ACTIVITIES Net ¢xp¢nd1tt￿c Depreciation Impairn)ent Inierest Received Decreasel(Increase) in debtors De¢reaselUn¢rease) in st￿k {Decreaseylncrease in creditors (Excluding loans and finance lea5es} Net cash inllow from operatlttg atilvliles 15.012 33,062 (99,457) 35,440 12.713 (8,871) (7,177) 2.172 (59,224) {24,815) (1.874) 146.518 47.545 108.679 (17,635) CA FR TfNG ACTIVIT]ES Interest received and other investment activities Payments to acquire langible fixed assets 59.224 (10.723) 8.871 {35.500) 48.501 (26.629) CASH INFL FROM FINANCING ACTIVITIES Loan takeTh out during the year Loan repayments (50.400) (50.400) 50,400 106,780 50,400 (94,664) CHANGE IN CASH AND CASH E UIVALENTS Cash as ai 1st December 2022 Cash as ai 30th November 2023 813.768 £ 920.548 908,432 £ 813.768 THE PLEASANCE THEATRE TRUST A COMPAIYY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEA ENDED JOTH N VEMBER 202) I. ACCOUNTING POLICIES The a¢￿￿nting ￿lIcIeS s¢1 out kKlow have been applied consistenily by the Charity in the prepataiion of its Accounts. (a) Basis of Accountin The Accounts have been prepared in accordance with the Statement of Recommended Practi¢e.' Acwunting and Reporting by Chariti¢5 preparing their accounts in ac￿rdar￿ce with the Financial ReFx)rting Standard applicable in ihe UK and Republic of Ireland (FRS 102) issued in Septemkr 2015. the Financial ReForting Standard applicable in the United Kingdom aNJ Republic of Ireland (FRS 1021, The Companies A¢t 2(X16 and UK Generally A￿epted Pra¢ti¢e as it applies from l January 2015 and under the Historical Cost Convention. (b) Public Benefit The Charity consituies a publi¢ benefit Is (kfined by FRS 102. (c) Goin Concern These fjnancial ststemenis have been prepared on a going concern basis. The trustees are ¢onsi5tently r¢viewing the financial forwasts ￿ well as ihe rese.rves KK)Sition of the group and they consider ihat ihe Charity holds sufficient reserves to deem the going coricern basi5 appropriate for th¢ 12 months from the date of sign off of these accounts. is of Con5011 The st8tem¢nt of finan¢ial aciivitie5 and balance sheffl consolidaie rhe financia] statement5 of th¢ Charity. its wholly owned subsidiary- Pl¢asanee Th¢atr¢ F￿tival Limited. The consolidations has been perfomed on a line by line basis. A separate S￿leme￿IL ofFinanchal A¢tivities is pr¢sented for thc Charity. (e) Incomin Grydnts, lega¢i¢s and donati¢)ns - Income is r¢¢ognised when the conditions for receipt have been met and there is reasonable assurance of receipi. Incoming resou￿eS are only deferred if the doncr h&% re5tri¢ted their use until a fuiure accounting )'&qr. Donations and grants for a particular purposes are included i incoming resources ￿ resthaed furids. Resource5 Theatre income declared relates to the Charity's proporfion of Box Office Fees only. Activiti¢s in furtheranc¢ of the Chariiys objeciives- Income is recogni5￿ when a theatri￿[ perfomiance tskes place. All incoming resources are recorded net of"VAT. (fj Grants Received All amounts received or receivable by way of grant have offset against the related expenditure within the Statement of Financial .4Llivities for Revenue items. Grants made 8s a contribution towards specific fixd &8sets are recognised in ihe Siaiement of Financial Activities over the expect￿ useful e¢onomic lives of the Tela*d assets. THE PLEASANCE THEATRE TRUST MPANY LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED JOTH NOVEMBER 202i ACCOLfNTING POLICIES (ContiE]ued) urce Ex nded and Liabilities Resources expended are included in ihe Ststement of Financial Activlties on an accruals basis. Costs of generating fvnds- This Calegory cov¢rs all fvnd-rdising costs and all relat¢d ¢xpenditure. Costs of activities in furtherdnce of the Charitys objects - Ihese ¢osts are wholly or mainly incurr¢d directly in supFKJn of expenditure on the objects of the Charity. Support Costs include central functiOT)s and have been alloc*ed io a¢tivity ¢osts on A ba9is ¢onsistrnce with ihe use of ￿SoUrCes. This is fr¢4￿n11Y on the b￿lS of staff lim¢ S￿nt in each area. Support Costs also include Govemance costs. Expenditure on management and administraiion - this include5 1%)th direct and indirect Costs. Where perfoTmanots of a production straddle the balance sheet dale. the production costs are apportioned in relation io the numttr of ￿rf0m1anCcs falling within each periixl and the amount relating to perforniance5 after the balan¢¢ sheet dafr are trewed as debtors. Depreciation of Property and Equipment and Pro￿rtY Running Costs have tten charg¢d as a ¢OSi of generating funds. A srnall prowrtion relaies to eX￿nditUre on management and adminisrrdtion but is noi considered material in the context of the Financial Sratrments. Liabiliti¢s are recognised when incurred. (g) Website Develo Website Development Costs are capitali5cd where ihey create an enduring ￿et. They are written off over their estimated useful economic life of J year5. ment Costs reciaiion of Fixed Assets Depreciation has been computed io ￿lte off the wst oÉfixed &%sets ov¢r their expected useful lives at the following rates=_ Improvem¢nts to tkasehold Theatre Evenly over the period of the Lease Fixtures and Fittings Computer Equipment and SoftwaTe ))% per annum on cosi A full yearfs depreciation is ¢harged in th¢ yeAr of acquisition of an 18set. but none in the year. of disrA)sal. IIY/o per annum on cost italisation of Fixed Assets All identifiable as5¢ts providing enduring Ixnefil 10 the Charity are capitali5ed on the Balance Sheet. Impaimjent reviews are perfomied periodically to ensure the net iKJok value of an &8sei is higher ihan its recoverable amount. THE PLEASANCE THEATRE TRUST I￿PANy LIMITED BY GUARANfE NOTES TO IHE AccouNfs FOR THE YEAR ENDED 301H NOVEMB I. ACCOUNllNG PoLIC￿s (Coaiinuedl (i) Fund A¢¢outtiin Funds held by the Charityare either.- UtireStri￿ed General Fund - This fimd w be used ih a¢¢ordanr¢ with thc Ch￿l￿bk objxts at th¢ dimion ofthe Truye¢s. Designated Funds - These are hJDds Set aside by the Trllstees out of uwestricted generdl fvnds for specific furnre pul￿e5 or projects. Rcstrirted funds . Th¢s¢ arc fillmts Can only be used for pgrtRcul•r resTricted purpose5 within the objeci of the Cbarity. Restri¢tiOllS aTise wben specified by the donor or when fi]nds are raised for parti¢ular restriued puvposes. {ki R¢styi¢ted Fwnds Grants receivable. These reweseJLt 8rnnts Feceived foT Stttific putposes. They are T￿o￿nISed in the statement of fiDanciai aaivityas the CODdirioDS for recogDition are meL e n￿re thou five people 00 stste and 4(N of the company {whateveT theiT job) att within five years of fi￿] tim¢ edu¢atioD. Pleasan¢e Futtues. A Testri¢i>J fiw)d a￿"éDed to invest in the fuwr¢ of young Stocks and work in progress are valued cotLSiStently at the lower of cost {on a first in, r￿St out basis} or nct realisable value. Cosu whue aPPToprialc. includes a proportion of directly atiributable overheads. (m) Debtors Debtors bave been showm after providtng for any asnounts which the Tnwees Consider may not be collected in full. Investments which hav¢ been c]￿lfiel as Fix¢d Asxts are includ￿1 at less any r¢du¢tions in th¢ valuc of those invcslrncnts a5 a result of impainnEni. Financial a55ets are a55CS5ed for indicator5 of impairment at the end of each Teporting peTiod Finan¢ia] assets arc considered to be impaired when there is obje¢tive ¢￿dence thaL as • wwlt of ￿¢ or mw¢ ¢v¢nts thai ￿CUrred aft¢r th¢ initial recognition of the financial the estimated flows of the investment have been affected. Objective evidence of impaimKnt could includc.. %ignifi¢an¢ finaJ)¢ial difficulty of the issueror ¢ounteTparty "it becornins ptobablc that the borrowcr will etktCT bankruptty or financial rc-organisation,. or •the disappearni¢¢ of an a¢4ive market for that f]Danci￿ assd be¢ause of fin8ncial diffi¢ultLes. For fina￿la1 assets catri¢d at ¢os( tbe atnount of the impainnent los$ is measured 15 the differ¢nce between tht aSsel'$ callyiD8 amoLmi and the present value of the estimated future c￿h flows. Lea5in8 rentals payable on aS￿EMEnts ￿1¢￿ traSL%fer substantially all the risks Ind rewards associated with ownership lo the It5sce (financc Icases) art capitslised within Fixed A5sew and the obligation to Poy futt]re ytntals includcd in (￿"10r5 as a ljability. (p) Inecovera le VAT I￿0verable VAT 15 8ll¢xattd (o the cate80ry of expenditsJTf to vknith it relate& (q) Slatus of the Com The Company is a ￿gis*¢Ie4I Charity. Limired by GUarnn￿. As al 30th November. 2023. the Company has 5 members who are also th"￿tOrS. The members of the Charity are not eniitled to Ye¢eive dividends out of the surplus funds of the Chariry whether on the winding up of the Charity or otherwise. Tn the event of the Charity bein8 wound up aT￿ there bein8 a sknrta8e of fund5 available to meet ils liabiliti¢5. IbeD the members will be liable to contribute a maximuDI of £10 each io reduce or elirniDaie the defi¢iency. Any surplus oo a windthg up bas lo be dotsaf¢d to a ¢harity with a $imilarpuryJose. The RegiS￿red Office is Ca￿t￿ter Mews. North Road Londots. N7 9EF. The Company r¢gi$tration number is 3130433. The Chan"ty Is yegsiiere4J a¢ the chan.tses Conllnission Eng]and and Wal¢s IQ50944 and at the Offi¢e of S¢otush Charity Regulator SC043237 NOTES TOIHE ACeOUtrITS FOR TII 2021 FUD Fmnth 21m5 StsJS0 )75 2&226 126.917 In.r •J42 2.5 1$6. Friry¢S ISK, io.otyj 17 Art4c•¥￿1I 14J46 The&¢￿[T￿ 29AII 2•Jli WiltAth Syw Ini.427 E 230 4$2 £ JIR.2M £ 37n,49Th 2Tr2J Tothl FLffids Ediftbur￿ BoxUIfic¢ 81143 101042 14.(KN) 3h9B.585 E JJ82.143 102.042 3m$JO? 146$41 33.XYI 3.O62J32 146.941 3.692JBS £ 3.182.941 { 33.8M t 32l6.7rJ Totsl F*ts ERCHARrrA Yo¥PkaKarttFe 35.745 35.74$ £ J?AN £ 37.404 ¥¥uiii 2)5.357 IY.093 164.137 1•7JfrJ IcooD Tthl 1.447 4.162 T￿LRI￿rf 4Jm2 4Jin 15.402 59324 £ 3¥.03¥ 1.1¥6E b.7OP £ 9.97¥ 9.500 2.050 35.440 33.￿1 THE PLEASANCE THEATRE TRusr MIAPIY IMITÉ NOTESTOTHE ACCOUNTS FOR THE DiTect COAS Suppom Cos COA5 Yo*1 CHARITABLEACTIVITJES Ij￿,171 3,484 2D3JS8 17242 2&614 IJ40J59 I1￿5.691 5th1726 475.534 66J264 0fi43Q 13258 ij.K 321156 650 1,389￿47 471184 Ditt¢T Staff Coms Wake5AthJ Sa￿1￿¥ Ernpl0￿rn NIC 66.430 132S8 13,8fpJ 65.X* l23lS 15,633 12.713 65,708 12215 DE￿ErLI00D ofFAJ stttvallcrypndP4xr Ttltthne4nd F 3.421 9251 385 10.662 3C6.163 J.421 9251 385 10.0 418 8574 232.7S9 8J62 7,431 lo.(￿$ Iwerest 8.574 232.759 ¥￿61 7.438 163 9,788 15.123 Tr4VElandSu&s 12J41 37.794 1*.￿1 24J79 37.459 77.373 22.303 11,3 37.459 ??J7J 22J03 11,380 139,84S 36.153 15.097 4￿[￿j 79,871 24J79 13,851 138, 67.889 29.937 4.750 l1>r￿dHeaI 154.158 67.889 29.937 4.750 9.978 57J.I 617.130 £ 4 149.037 I 3 477.%17 £ 36.153 15.097 iictDCL54rd ts8•l Fv4 AL*lit Fet Irrw¢rnbl¢ VAT £31J&X35 E 9J7S 357 9.W £aJ £ £ SM491 YouTh8HtwnctFtY4 40.14J £ 252 £ 4bJ95 £ 37.267 £ 40267 r ExpEDYts 158.059 15&059 079 49.695 161293 2&125 168293 26.825 W8wartdSthrKS P¢osioD Cowrib*iofi5 DEwe¢i*Lion 49.695 19261 19261 59 19J07 1gJ07 23J15 551 23J85 551 li*t *nOH¢•T B•ok Ctso¢s ¥￿1 kni¢reit Lw Intere51 Rep￿5 (I sEell•ntO￿S Audit Fe￿￿th￿ 167 iojoi 267 21.189 2￿15 979 2,015 £ 292.4SJ £ 291453 £ 272.082 £ £ 272 682 S•14riCs￿1 W rL%ion Co￿rI￿U￿0 ill SrcutityCoAts 741.lJJ¥ 657.¥09 12215 £ 821.187 £ 7JS.732 Thc nu￿￿rI￿al￿tT￿KetblD8*￿l1ryOKyE￿￿j 70.W%79.99Y P¢0S¢￿￿n￿IbUl1c￿Q(E1 J201202L£IJ2D)Arrtm•& NoTThiic(i fQrcLPL￿J¥knI Lk)4x12022". £Nal THE PLEASANCE THEATRE TRUST A COMPANY LIMITED BY GUARANfEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH NOVEMB 2023 10. STAFF NU The average nwnb¢r of fi￿l-tirn¢ equivalent employees, including ca5yai and part4ime 5tsff. 2023 No. 41 2022 No. 42 Martagemeni and administraiion 11. FIXED ASSETS Tangible Group Leasehold Plant Fixknlres Bull Machin Balance as at l D¢¢¢mber, 2022 Additions DisFW)sals Balance as at 30 Novemb￿. 2023 DEPRECIATION Balartce as ai l December. 2022 Charge for the year Estimated on Disposal ofA&8et Balan¢e as at 30 Novtrnber. 2023 NETB K VALUE As at 30 November, 2023 As at 30 Noventhr. 2022 411,636 193.072 410,355 10.723 1,015,063 10,723 411,636 193,072 421,078 1,025,786 411.636 102.972 19.261 365.008 13,8(Ml 879,616 33.061 411,636 122,233 378.808 912,677 90.1(KI £ 70,839 £ 45,347 £ 42.270 £ 135,447 113,109 ChaEity L¢asehold Land and Buildin Fixlur¢s Fittin Totsl COST OR VALUATION Balance as at l De¢emkn. 2022 Additions Disposals Baiance as at 30 Novemb¢T. 2023 DEPRE IATI 411.636 401.306 10,723 812.942 10.723 411,636 £ 412.029 823.665 Balance as ai l Demnber. 2￿22 Charge for the year Estimated on Disposal of Asset Balance as at 30 November. 2023 NET BOOK VALUE 411,636 355,959 13.800 767,595 13,800 411.636 £ 369.759 781.395 As at 30 November, 2022 45,347 £ 45,347 As at 30 November. 2023 42.270 £ 42.270 THE PLEASANCE THEATRE TRUST A COl￿PANy LIMITED BY NOTES TO THE AccoifNTS FOR THE YEAR ENDED 30TH NOVEMBER 2023 12. tXE Chari Subsidiary U￿15[¢d Undertakings Investsnents Totsl COST Balance as at l December. 2022 Additions Balanee as ai 30 November. 2023 IMPAIRMENT Balance as at l Decenkn. 2022 ImpairnMt Balancd¢ as at 30 November. 2023 40,003 70,199 110202 40.003 £ 70.199 £ 110.202 12.713 12.713 £ 12,713 12.713 NET BOOK VALUE As at 30 November, 2022 40.003 £ 70.199 £ 110.202 As at 30 Noveother. 2023 40.003 £ 57.486 £ 97,489 As at the Balance Sheet Dat< the Cbarity held l(IY/(* of the Ordinary Sbare Capital and IOOO/¢J of the Preferertce Share Capitsl of Pleasance Theatre Fesiival Limiied. a Conjpany Regjsiered in England and Wal¢s (Company Numb¢r 2013041). RegLMeied Office address C￿llter Mews. North Road. London, N7 9EF. The Prinicipal Activity of the CoJDpaDy is operdtitig a Bar and R&%taurnn(. The Con4)any had A turnover of £434.877 (2022: £385.487} and Nei Loss of £19.261 (2022.. Net L￿sS £19,409) for the year ended 30tb NovfflDber. 2023. The ShaTebolders' Futth at thai date were £105.5I3 (2022.. £124.774}. The accounts for the years ended 30th November, 2023 and 30th Novertther. 2022 wer¢ Una￿j1t¢d. The Board of TTUStees bave assessed the cynying vaiues of th¢ir Inv¢stments at tb¢ y¢ar ¢nd and have taken the decision to malntsin the value oftheir Unlisted Ioveslmeni. This is due io the currenl ecollomic ¢lirDaie wb¢r¢by th¢ Board of Trnmees fe¢] That b&8ed on infoTmation provided. there is no reduction in the estimation of fijture cash flows io the value as staled in th¢ Balan￿ Sh￿L Gmu Chari 2023 2022 2023 2022 13. DEBTORS . amounts falling due within one year Trade deb￿￿5 79,174 Anh)uni owed by group utidertakings Other debtors Prepayments and accnKd inwme 106.083 76,721 70.433 23.869 57,576 228.599 £ 59,675 132,315 22.538 7,328 221.856 23,869 ,054 163,097 £ 22,538 9,661 138.282 £ E PLEASANCE THEATRE TRUST A COMPANY LIMITED BY GL'ARANfEE NOTES TO THE ACCOUXTS FOR THE YEAR ENDED 30TH NOVEMBE 2023 21Y23 2022 2023 2022 E4. CREDrroRS. amounts falling dve within ODe year Trad¢ ¢r¢ditors 126.055 Director's Loan Account Taxation and social 5¢cI]rity COSLS Accnjals and def￿r¢d Erant income Other er¢ditors Bank Lo#n 35,781 115253 28209 71.474 175.590 42,887 50,4(KI 466,406 £ 49,025 139,186 45,496 50,4(KJ 319.888 £ 18.863 172,462 42,887 50.41)0 399.865 £ 15,662 130.153 44.480 50,400 268.904 2023 2022 20 15. ￿l￿ORs. amounts falliDg due aft¢r llN)re than one year Coronavirus B¥Jsiness lDteTTuption L Scheme 81,( 131.400 81.( 131,400 131.400 81,(KlO £ 131,400 £ 81.000 £ Balance due ￿ than 5 y¢ar5 £Nil (2022:£Nil) 16. REsThJcfED FLfNDS TraDsfer Balance BeNieen 30th November Funds 2023 2022 Charli¢ Hartdl Fund Produ¢tiotLS Edinburgh F&stival Heating and Cooling Fun( )ndon Fund Plr4saDc¢ Futyr¢s 167.842 24.936 22.0(K) 49,666 74,771 22.(KK) 49.666 10.( 12.( 114.619 118.007 12.0 90,011 51,500 26.892 224,342 £ 203,61J £ 283.056 £ 144.899 Charlie Hartill provide5 funding to bring [￿ornerS WIKJ would not nornmlly be able to afford to do so, to the Edinburgb Fesuval Producikons are rtstrictrd whtch are allocaied ro specific productions The Edinburgh Festiv¥l re5trcit¢d fund relates solely for eXpendiD￿e in putting on the Festival. Healing and ¢oolin8 tund relaks to funding for new air eondiiioning London Fund Telat¢s to ryits to the Imdon Th¢atr¢ and Offi¢es. PleasaDce Futur¢5 provides (SlWTtywti¢s for FKrfoIll￿ and futu￿ wfornws Chari and Gro R¢wUr￿5 TraD5f¢r Used Berween Funds 1st December R￿oU[C¢S 2022 30th Nov¢mb¢r 2023 Genetal Funds 473,070 4,299.884 4,205.429 567,525 THE PLEASANCE THEATRE TRUST A COMPANY LIMITED BY GUARA￿EE NOTES m THE Accou￿rS FOR THE YEAR ENDED 30TH NOVEMBER 2023 Ig. ALYSIS OF ss Unt&Stric*4J Restncted Fund Futtds Generni Grants Fund Reeeivable Charlie Hartill Fund Total Futtds Improvements ts Leasehold Fixbjres and Fitiings Investtnents Srock% Debtors 113,109 70,199 5,590 163,097 827.391 (547.406) 631,986 £ 113,109 70,199 5,590 163,097 920,548 (547,406) 725,137 Cash ￿ Bank and itt Hand Credilors Balance &8 at 30 November 2023 93,151 93.151 £ 19. RELATED PARTY TRANSACTIONS There were no related party transactiODS during the year. 20. The Chan"ry is under the control of the Tnjslees. There is no one overall controlling parry.