CAMDEN PEOPLE'S THEATRE
REPORT AND FINANCIAL STATEMENTS
31st March 2022
COMPANY REGISTRATION NUMBER: 3256616 CHARITY REGISTRATION NUMBER 1058723
Frank S Lachman 16b North End Road Golders Green London NW11 7PH
YEAR ENDED 31ST MARCH 2022
LEGAL AND ADMINISTRATIVE INFORMATION
DIRECTORS & TRUSTEES:
Isobel Colchester (Chair) Conrad Murray Ian Whittaker Agatha Yerbury Rachel Bagshaw Anthony Gray Kate Levine Tim Crocker-Buque Leanne Cosby Rupert Jessop SECRETARY: Kaya Christina Stanley-Money REGISTERED OFFICE: 58-60 Hampstead Road London NW1 2PY REGISTERED ACCOUNTANTS: Frank S Lachman 16b North End Road Golders Green London NW11 7PH CHARITY REGISTRATION NUMBER: 1058723 COMPANY REGISTRATION NUMBER: 3256616
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CAMDEN PEOPLE'S THEATRE
Directors Report 2021/2022
Company Law which is also applicable to charitable companies in England and Wales requires the directors, who are also trustees of the company, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the results of the company for that period.
In preparing those financial statements, the directors/trustees are required to:
select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors/trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors/trustees who served for the year unless indicated were:
Directors & Trustees
Isobel Colchester (Chair) Conrad Murray Ian Whittaker Agatha Yerbury Rachel Bagshaw Anthony Gray
Nicola Clements Resigned 6th May 2021 Kate Levine Appointed 4th February 2022 Leanne Cosby Appointed 4th February 2022 Rupert Jessop Appointed 5th May 2021 Tim Crocker-Buque Appointed 19th April 2022
Secretary
Kaya Christina Stanley-Money
Registered Office
58-60 Hampstead Road London NW1 2PY
Registered Accountants
Frank S Lachman 16b North End Road Golders Green London NW11 7PH
Charity Registration Number: 1058723
Company Registration Number: 3256616
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CAMDEN PEOPLE'S THEATRE
Artistic and Executive Directors’ and Trustees’ report
The Artistic and Executive Directors, and the Trustees, present their report and their financial statements for the year ended 31 March 2022.
Directors' Responsibilities
Appointment of trustees
As set out in the Memorandum and Articles of Association, and amended by special resolution, the Trustees may from time to time appoint new trustees who shall serve for a maximum term of two terms of three years unless the Trustees determine it to be in the best interests of the Company for an individual to serve a further term, in which case appointments may be made and positions held as per the provisions of the Memorandum and Articles of Association.
Trustee induction and training
New Trustees are invited to a welcome briefing by the Chair of Trustees and key members of staff including the executive director. An information pack is sent to all new Trustees, including the Charity’s Memorandum & Articles of Association, recent Reports and accounts, the Business Plan, minutes of recent Board meetings, a full list of the members of the Board, and the Charity Commission's guidance for new Trustees (CC3 –The Essential Trustee: What you need to know).
Trustees keep up to date with regulatory requirements and good practice. The Board undertakes a regular skills audit and reviews roles and responsibilities to maximise its effectiveness.
Principal activity and charitable objective
The main objectives of the charity are to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the arts of drama.
Organisation and Constitution
The company was incorporated on 30th September 1996, and is governed by its Memorandum and Articles of Association.
A Board of Trustees, who meet quarterly, administers the charity. Artistic and Executive Directors are appointed by the Trustees to manage the day to day operations of the Charity.
The existing trustees are entitled to appoint further trustees in accordance with the Memorandum and Articles of Association.
The company is limited by guarantee and has no share capital. The guarantees of individual members are limited to £1.
Executive Summary
2021/22 was a historic year for Camden People’s Theatre. We reopened the building after completing significant capital works that transformed our building. Our spaces now better reflect the quality and ambition of the work that we support and provide a more welcoming, accessible space for our local residents and audiences. Alongside this, we continued to navigate our reopening alongside the ongoing Covid-19 pandemic. This resulted in us opening for a socially distanced season in June/July, retuning to full audiences with a slimmer programme in autumn 2021.
We delivered the final projects commissioned through the Outside The Box scheme, which were awarded as part of our largest ever investment in artists. Mid-way through the year, we successfully secured funding multi-year funding from the Paul Hamlyn Foundation to support our commissioning schemes, which is hugely significant for the organisation and the artists that we will support.
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CAMDEN PEOPLE'S THEATRE
Alongside this, CPT embarked on ambitious plans to democratize our decision-making process, ensuring that we are operating as a true ‘People’s Theatre’ that responds to the needs of our community. This included the introduction of a Steering Group, made up of local residents, who will support our commissioning of artistic projects and help to design our community engagement programme. We also employed our first ‘Artist in the Community’ for a 6-month trial to experiment with how we can better embed our artists with the people we want to support. The project will be evaluated in 22/23.
Having successfully secured recovery funding from Arts Council England, London Borough of Camden and other funders, this financial year saw the return of some earned income and the start of our recovery from this immensely challenging time. It was a year that celebrated our commitment to supporting risk-taking, innovative artists and saw us strengthen our relationship with our local community.
Artistic / Engagement Programme
Our artistic and engagement activity in 2021-22 was embarked upon in the context of the ongoing coronavirus pandemic, which continued dramatically to affect how we could operate as a public-facing theatre – certainly in the first half of this financial year. In the spring of 2021, we opened our newly refurbished building to distances audiences, returning to inperson theatre for the first time since the March 2020 lockdown. This short season of work was sold to limited audiences in accordance with distancing regulations, with artists’ income guaranteed thanks to emergency funding. Featured artists included Will Dickie, In Bed with My Brother and Charlotte Vickers & Hannah Greenstreet with the CPT-commissioned Andromeda , alongside three weeks of ‘Calm Down, Dear’, our well-loved festival of innovative feminist performance.
Over the same period, two of our four ‘Outside the Box’ commissions came to fruition: Adam Welsh’s hybrid live/digital event No Future and Anna Morrissey and Tristan Kajanus’s audio-walk around the site of their former school, North West . Both were exceptionally high quality. Our CPT Digital programme, initiated under lockdown, also continued into the summer of this year, with commissioned work including Twenty Fifty by Dan Colley and Fionnuala Gygax. We also commissioned a digital project from 2021 Starting Blocks graduate Aminita Francis, iLoop , which she developed as an audio project with partner support from the online audio stage Soundworlds. And we secured and funded places for two CPT artists, Richard Popple and Simone French, on the Open Online Theatre course, run by IJAD dance company.
Further commissions included our nine annual seed commissions targeted to artists from marginalised backgrounds, generously funded as part of a new agreement with the Paul Hamlyn Foundation. These went to Philip Arditti and Nina Bowers, Isaac Ouro-Gnao, Flawbored, Jamie Hale, Georgina Lance, Tahira Dar, Princess Bestman, Kurtis Lincoln and Chosen Family Business, all of whom were supported to develop new projects over the ensuing twelve months at CPT. Our annual Starting Blocks peer network and project development scheme, undertaken remotely in 2021, returned
This was the first year in which, because of Covid, we presented two Sprint festivals: the delayed 2021 edition in September, and the 2022 edition in its usual March slot. The festival confidently re-established itself as a cornerstone of the CPT calendar, when our doors open wider than ever to brand new projects and artists at the very start of their careers. One of these, in September, was For a Palestinian by Bilal Hasna and Aaron Kilercioglu, which we picked up and commissioned to return to CPT (for what was to be a sell-out three-week run) in autumn 2022. Such is the value of Sprint to artists, and to our programme.
While coronavirus remained an issue, our autumn season saw us return more closely to a recognisable CPT public programme of performances. Standout events in the season included a fortnight’s run for CPT commission If you love me, this might hurt by Matty May, a full run for Tom Ryalls’ 2021 Starting Blocks project Education Education Karaoke , a pilot of Hannah Ringham and Sue Maclaine’s The Untethered Joke and Barrel Organ’s scratch night LIVE, supported by CPT. Late summer into autumn also found us reviving our Tolmers Square Variety Spectacular for residents of our immediate neighbourhood – then transferring it to Queens Crescent in Kentish Town, with Camden council’s support. Both events, notwithstanding bad weather, were big successes.
Those events were the tentpoles of our year-round community engagement activity, now led by engagement manager Christina Ford. Over the year we also collaborated with our neighbours Hopscotch Asian Women’s Centre on weekly improv sessions for BAME women, and with the charity Gingerbread on clowning workshops at weekends for single-parent families. Camden Youth Theatre, which we co-run with New Diorama, and which ran online throughout lockdown, returned to inperson activity with a new production, When This is Over . The project saw CYT selected to participate in Company Three’s year-long initiative to mentor nine innovative youth theatres across the country to create a new show. The final performances were staged at CPT and NDT in February 2021. We recruited to a new role, Artist in the Community, in early 2022, offering this trial position to the artist Adam Welsh – his brief being simply to situate himself within, and talk to, our local community, and see what art happens…
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CAMDEN PEOPLE'S THEATRE
2022 began with a full spring season of work at CPT, including a show whose development we’d supported since prelockdown, Tess Seddon’s superb political musical Say Yes to Tess (co-produced by Leeds Playhouse). We also recruited the cult dance/comedy/performance outfit Figs in Wigs as the first ever guest curators of our annual feminism festival ‘Calm Down, Dear’ – to be produced in May/June 2022. Ad hoc commissions over this period, to help develop several new productions, went to Pigfoot Theatre’s Hot in Here (whose early stages had been supported via our ‘Outside the Box’ scheme); Calico Theatre’s Curfew ; Victor Esses’s The Death & Life of All of Us ; and Cal-I Jonel’s No More Mr Nice Guy (originally supported on our seed commissions scheme). We also took Cal-I’s show, and Frankie Thompson’s Starting Blocks project The Sex Party, to China Plate’s Midlands-based First Bite/Bite Size showcase, creating new opportunities for those artists UK-wide.
Funding
CPT is thankful for all of our supporters in 2021/22. We continued our work as an Arts Council National Portfolio Organisation, with funding confirmed until 2023. We spent dedicated time working on our business plan and application for the next round of NPO funding which was due to be submitted in May 2022. This year CPT received further emergency funding from Arts Council England (Culture Recovery Fund) and Camden Council (Culture, Leisure and Hospitality grant).
We secured a significant multi-year from the Paul Hamlyn Foundation to support our ambitious commissioning programme for artists from marginalised backgrounds and the core costs associated with the delivery of the scheme. We also secured a second grant from the Inclusive Communities fund by Camden Giving to continue our programme of accessible performances and commissions.
FINANCIAL REVIEW
2021/22 saw the organisation begin our recovery from the Covid-19 pandemic. Our return to live performance saw our earned income increase to 30% up from 4% in 2020/21. However, with audience behaviour still unpredictable and the first two quarters of the year programmed with social distancing in place, we were still reliant on fundraised income and emergency support through Cultural Recovery Fund and business support from Camden Council. Moving into 2022/23 we expect our recovery to continue, with earned income increasing to 40% of our annual income target.
Reserves policy
Reserves are provided to ensure the financial stability of the charity and the ability for it to meet its charitable objectives for the foreseeable future.
CPT will maintain reserves at a level that is at least equivalent to three months’ operational expenditure, this year, in line with our new staffing structure. This has been increased to £70,000. Total general funds stand at £96,474 at 31 March 2022, not including fixed assets.
General reserves, over and above our minimal reserves target, will be budgeted to support the organisation throughout 2022/23. This is due to the uncertainty around the ongoing financial challenges we -and the industry at large - are facing, including the Covid-19 pandemic and cost of living crisis.
The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity’s continuing obligations on an annual basis at their board meeting.
Going Concern
We have set out above a review of CPT’s financial performance and the general reserves position. Our planning processes, including financial projections, have taken into consideration the current economic climate and its potential impact on the various sources of income and planned expenditure. The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. In forming this opinion, they have considered the impact of the Covid-19 pandemic and cost of living crisis on both its income and expenditure for at least a period of twelve months from the date of approval of these financial statements.
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CAMDEN PEOPLE'S THEATRE
Future Activity
Reopening of building gave us the opportunity to review our staffing structure. This has led to the introduction of two new roles, Deputy General Manager (FT) and Development Manager (PT 0.4) who both started in the first quarter of 22/23. The DGM position developed out of our Operations Manager role, introduced as an emergency measure after the Ping-demic crisis, which proved to be vital for our ability to capitalise on the opportunities to increase our earned income through the new building. Our new Development Manager represents the first investment CPT has made into our fundraising operations. It places us in a strong position to continue our recovery and onward growth after the pandemic.
We still find ourselves reflecting on our purpose and how we can support our community (of both artists and local residents) to continue their recovery, but also to move forward in the face of the cost-of-living crisis. This continues to be the focus of our fundraising strategy: to sustain our free community engagement programme, keep our doors open for artists and residents to take over our space, and maintain our position as an open door to the sector for the next generation of contemporary theatre-makers.
Risks include the cost-of-living crisis and energy crisis that we expect to hit our artists and audiences. In 2019/20, 40% of our artists and 20% of audiences identified as working class. We expect that figure to have increased throughout the Covid-19 pandemic and as such, we are working to mitigate these risks through fundraising and budgeting earned income cautiously. We are also feeling the impact of the competitive funding landscape for artists, with some larger commissions/runs failing to secure funding from Arts Council England. We are working to give artists longer timelines and holding some of our commissioning money as emergency funds in a bid to offset this risk.
On a more positive note, we move into the next financial year with a host of call-outs for our commissioning programmes including ‘Outside the Box’, a commission for a new work that explores what theatre and performance can be; and Camden NoW!, a new partnership with Old Diorama Arts Centre to offer £10,000 to a Camden artist to create a new locally inspired performance.
Public Benefit
The Trustees confirm that in compiling this report they have had due regard to the guidance on public benefit issued by theCharity Commission in compliance with the duty set out in section 4 of the Charities Act 2006.
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable tocompanies subject to the small companies regime.
This report was approved by the board on 8th November 2022
and signed on its behalf by Isobel Colchester
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CAMDEN PEOPLE'S THEATRE
Independent Examiner's Report on the Accounts
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st March 2022 which are set out on pages 8 to 14 .
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. Having
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the general Directions given by the Charity Commission (under section
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· 145(5)(b) of the 2011 Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of
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· Recommended Practice: Accounting and Reporting by Charities have not been met;
or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Frank S Lachman Chartered Accountant Independent Examiner
16b North End Road London NW11 7PH
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CAMDEN PEOPLE'S THEATRE
Statement of Financial Activities For the Year Ended 31st March 2022
| **Restricted ** | Restricted | Unrestricted | Unrestricted | Total | Restricted | Restricted | Unrestricted | Unrestricted | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Funds | Funds | Funds | Funds | ||||
| Notes | Income | Capital | Designated | General | 2022 | Income | Capital | Designated | General | 2021 | |
| Income | |||||||||||
| Legacies and donations | 2 | 131,227 | 294,984 | - | 177,835 | 604,046 | 83,406 | 380,873 | - | 191,599 | 655,878 |
| Bank interest | - | - | - | 13 | 13 | - | - | - | 51 | 51 | |
| Charitable activities | 3 | - | - | - | 172,762 | 172,762 | 3,028 | - | - | 19,886 | 22,914 |
| Total income | 131,227 | 294,984 | - | 350,610 | 776,821 | 86,434 | 380,873 | - | 211,536 | 678,843 | |
| Expenditure | |||||||||||
| Charitable Activity Costs | 5 | 131,227 | 62,280 | - | 306,514 | 500,021 | 96,130 | 43,817 | - | 203,319 | 343,266 |
| Total expenditure | 131,227 | 62,280 | - | 306,514 | 500,021 | 96,130 | 43,817 | - | 203,319 | 343,266 | |
| Reconciliation of Funds | |||||||||||
| Net Income/(Expenditure) | - | 232,704 | - | 44,096 | 276,800 | (9,696) | 337,056 | - | 8,217 | 335,577 | |
| Funds brought forward | - | 337,056 | 5,913 | 49,805 | 392,774 | - | - | 5,913 | 51,284 | 57,197 | |
| Transfers between funds | 9 | - | 3,340 | (5,913) | 2,573 | - | 9,696 | - | - | (9,696) | - |
| Funds carried forward | 9 | - | 573,100 | - | 96,474 | 669,574 | - | 337,056 | 5,913 | 49,805 | 392,774 |
The statement of Financial Activities reflects the results of continuing activities for the year.
There were no recognised gains or losses other than the net outgoing resources for the year.
The net outgoing resources for the year have been calculated on the historical cost basis.
The notes on pages 12 to 16 form part of these accounts.
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CAMDEN PEOPLE'S THEATRE
Balance Sheet at 31st March 2022
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Tangible assets | 6 | 573,100 | 249,129 | ||
| Current assets | |||||
| Debtors | 7 | 53,825 | 143,864 | ||
| Cash at bank and in hand | 209,851 | 324,483 | |||
| Total current assets | 263,676 | 468,347 | |||
| Creditors due within one year | 8 | 167,202 | 284,702 | ||
| Net current assets | 96,474 | 183,645 | |||
| Creditors due after one year | 8 | - | 40,000 | ||
| Net assets | 669,574 | 392,774 | |||
| The Funds of the Charity | |||||
| Restricted Funds | 573,100 | 337,056 | |||
| Unrestricted Funds | 96,474 | 55,718 | |||
| Total Charity Funds | 9 | 669,574 | 392,774 |
For the year ended 31 March 2022 the company was entitled to exemption under section 477(2) of the Companies Act 2006.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for:
i. ensuring the company keeps accounting records which comply with section 386; and ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime under Companies Act 2006.
Approved by the directors on , and signed on their behalf by Isobel Colchester8th November 2022
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CAMDEN PEOPLE'S THEATRE
Notes to the Financial Statements For the Year Ended 31st March 2022
1 Accounting Polices
(a) The financial statements have been prepared in accordance with 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 UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Camden People's Theatre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(b) Tangible Fixed Assets
Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment 25% straight line Leasehold improvements Over the life of the lease
(c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from grants, whether capital or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants has been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
(d) Expenditure
All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably.
Costs are allocated to a category either because such costs are directly incurred in relation to such category, or because they are support costs in respect of which an apportionment has been made between the categories.
Support costs consist of infrastructure costs for salaries, premises, office administration. Such costs are apportioned on a reasonable and consistent basis to the various categories with a view to determining, as accurately as possible, the total resources expended for each category. The basis of apportionment used is either a function of staff time applied to a given activity, or an estimate of the proportion of costs associated with the same, or a combination of both.
Direct and Support costs are separately shown by natural classification in Note 5 to these accounts for each category of cost.
(e) Taxation
The company as a registered charity ( number 1058723 ) is exempt from taxation on most investment income insofar income insofar as it is applied for charitable purposes. The company is also exempt from taxation on capital gains.
(f) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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CAMDEN PEOPLE'S THEATRE
Notes to the Financial Statements For the Year Ended 31st March 2022
(g) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
| 2 | Grants and donations | **Unrestricted ** | **Restricted ** | Restricted | **Unrestricted ** | **Restricted ** | Restricted | ||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | Funds | Funds | Funds | 2021 | ||
| Income | Capital | Income | Capital | ||||||
| Grants for Specific Purposes | |||||||||
| Arts Council England | 131,607 | - | 170,982 | 302,589 | 147,856 | - | 48,734 | 196,590 | |
| Kickstart | 6,815 | - | 35,804 | 42,619 | - | - | 175,196 | 175,196 | |
| Paul Hamlyn Foundation | - | 87,000 | - | 87,000 | - | 70,000 | - | 70,000 | |
| Backstage Trust | - | - | - | - | - | 10,219 | 10,000 | 20,219 | |
| London Community Foundation | - | 13,000 | - | 13,000 | - | - | 25,000 | 25,000 | |
| Camden Giving Fund | - | 17,087 | - | 17,087 | - | 9,787 | - | 9,787 | |
| Voluntary Action Camden | 6,694 | - | - | 6,694 | - | - | - | - | |
| London Borough of Camden | 26,000 | - | - | 26,000 | 40,572 | 35,600 | 34,527 | 110,699 | |
| Christina Smith | - | 10,000 | - | 10,000 | - | - | - | - | |
| Remix Dance | - | - | - | - | - | 9,000 | - | 9,000 | |
| Capital Group | - | 1,500 | - | 1,500 | - | - | - | - | |
| The Theatre Trust | - | - | - | - | - | - | 5,000 | 5,000 | |
| The Foyle Foundation | - | - | - | - | - | - | 40,000 | 40,000 | |
| Viridor Credits | - | - | 88,198 | 88,198 | - | - | 41,867 | 41,867 | |
| Individual donation | 6,719 | - | - | 6,719 | 3,171 | - | 549 | 3,720 | |
| Whittington Charitable Trust | - | - | - | - | - | 2,000 | - | 2,000 | |
| Postcode Community Fund | - | - | - | - | - | 17,955 | - | 17,955 | |
| Access to Work | - | 7,613 | - | 7,613 | - | - | - | - | |
| Deferred Grants brought forward | - | 111,565 | - | 111,565 | - | 40,410 | - | 40,410 | |
| Deferred Grants carried forward | - | (116,538) | - | (116,538) | - | (111,565) | - | (111,565) | |
| 177,835 | 131,227 | 294,984 | 604,046 | 191,599 | 83,406 | 380,873 | 655,878 | ||
| 3 | Charitable activities | ||||||||
| **Unrestricted ** | **Restricted ** | Restricted | **Unrestricted ** | **Restricted ** | Restricted | ||||
| Funds | Funds | Funds | 2022 | Funds | Funds | Funds | 2021 | ||
| Income | Capital | Income | Capital | ||||||
| Box Office | 83,867 | - | - | 83,867 | 4,286 | 1,198 | - | 5,484 | |
| Cafe and Bars | 29,962 | - | - | 29,962 | 414 | - | - | 414 | |
| Hires and fees | 18,595 | - | - | 18,595 | 3,106 | - | - | 3,106 | |
| Sundries and reimbursements | 40,338 | - | - | 40,338 | 12,080 | 1,830 | - | 13,910 | |
| 172,762 | - | 172,762 | 19,886 | 3,028 | 22,914 | ||||
| **4 ** | Net Income/(Expenditure) | ||||||||
| 2022 | 2021 | ||||||||
| Net Income/(Expenditure) is stated after charging: | |||||||||
| Independent Examiner's fee | 2,000 | 1,900 | |||||||
| Depreciation of tangible assets | 55,038 | 14,663 |
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CAMDEN PEOPLE'S THEATRE Notes to the Financial Statements For the Year Ended 31st March 2022
5 Charitable activity costs
| Charitable activity costs | |
|---|---|
| Direct costs Staff fees and salaries (see below) Recruitment, volunteer costs, training, travel and hospitality Ticketing Services Box Office Remittance Publicity and marketing PRS and lincensing fees Café costs Telephone and IT costs Maintenance, repairs and utilities Support costs Independent Examiner's fee and accountancy Depreciation Bank charges Insurance Health and Safety Fundraiser fees Legal, professional and consultancy fees Premises and office costs Total 2022 2021 Comparatives Direct costs Staff fees and salaries (see below) Recruitment, volunteer costs, training, travel and hospitality Ticketing Services Box Office Remittance Publicity and marketing PRS and lincensing fees Café costs Telephone and IT costs Maintenance, repairs and utilities Support costs Independent Examiner's fee and accountancy Depreciation Bank charges Insurance Health and Safety Fundraiser fees Legal, professional and consultancy fees Premises and office costs Total 2021 Artistic expenditure, freelance fees and production costs Artistic expenditure, freelance fees and production costs |
Support Costs Charitable Activity Costs Charitable Capital Activity Costs Charitable Activity Costs Governance Costs Total 2022 Unrestricted Restricted Restricted Unrestricted 24,285 32,000 - 158,334 - 214,619 - - 876 11,451 - 12,327 - 99,227 276 2,533 - 102,036 - - - 8,434 - 8,434 - - - 40,617 - 40,617 - - 200 12,916 - 13,116 1,431 - - - - 1,431 - - - 10,549 - 10,549 11,551 - - - - 11,551 - - 4,840 3,135 - 7,975 - - 1,050 - 4,000 5,050 - - 55,038 - - 55,038 - - - - 54 54 3,768 - - - - 3,768 1,940 - - - - 1,940 - - - - - - 648 - - - - 648 10,868 - - - - 10,868 |
| 54,491 131,227 62,280 247,969 4,054 500,021 |
|
| 22,291 29,859 7,000 64,684 - 123,834 - - 23 3,450 - 3,473 - 66,261 10,121 26,435 - 102,817 - - - 5,527 - 5,527 - - - 27,713 - 27,713 - 10 1,200 4,256 - 5,466 222 - - - - 222 - - - 752 - 752 4,463 - - - - 4,463 - - 465 4,035 - 4,500 - - - - - - 3,320 3,320 - - 14,236 - 427 14,663 - - - - 6 6 3,745 - 661 - - 4,406 1,356 - - - - 1,356 12,000 - - - - 12,000 16,923 - 10,111 - 607 27,641 460 - - - 647 1,107 |
|
| 61,460 96,130 43,817 136,852 5,007 343,266 |
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CAMDEN PEOPLE'S THEATRE
Notes to the Financial Statements For the Year Ended 31st March 2022
Staff fees and salaries
| Salaries Pensions Social Security cosrts Number of Staff |
2022 2021 199,083 113,693 3,570 2,663 11,966 7,478 |
|---|---|
| 214,619 123,834 |
|
| 22 18 |
No employees received remuneration in excess of £60,000 in the year. (2021 none)
6 Tangible Fixed assets
| Leasehold Improvements Cost At 1st April 2021 263,365 Disposals - Additions 279,732 At 31st March 2022 543,097 Depreciation At 1st April 2021 14,236 Disposals - Charge for the year 30,219 At 31st March 2022 44,455 Net Book values At 31st March 2022 498,642 At 31st March 2021 249,129 7 Debtors Trade debtors Other debtors Prepayments and accrued income |
Leasehold Improvements 263,365 - 279,732 |
Fixtures fittings & equipment 9,251 - 99,277 108,528 9,251 - 24,819 34,070 74,458 - 2022 7,957 1,495 44,373 53,825 |
Total 272,616 - 379,009 |
|---|---|---|---|
| 543,097 | 651,625 | ||
| 14,236 - 30,219 |
23,487 - 55,038 |
||
| 44,455 | 78,525 | ||
| 498,642 | 573,100 | ||
| 249,129 | 249,129 | ||
| 2021 3,048 2,757 138,059 |
|||
| 143,864 |
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CAMDEN PEOPLE'S THEATRE
Notes to the Financial Statements For the Year Ended 31st March 2022
| 8 Creditors due within one year Trade creditors Bank loan Deferred Grants Deferred income Other Taxation Accruals Bank loan due after one year |
2022 16,207 - 116,538 14,568 795 19,094 167,202 - |
2021 157,368 10,000 111,565 2,050 1,196 2,523 |
|---|---|---|
| 284,702 | ||
| 40,000 |
- 9 Reconciliation of movements in Funds
| Restricted Funds - General - Capital Unrestricted Funds - General - Designated |
Balance at 1 April 2021 Income Expenditure Transfers Balance at 31 March 2022 - 131,227 (131,227) - - 337,056 294,984 (62,280) 3,340 573,100 49,805 350,610 (306,514) 2,573 96,474 5,913 - - (5,913) - |
|---|---|
| 392,774 776,821 (500,021) - 669,574 |
The above funds comprise:
Restricted Funds: are monies held for use in specific activities.
General Fund: are moneys which can be used by the Trustees at their discretion for any purpose and which have not been designated by them previously. These rflect three months running costs.
Transfers between Funds: transfers between unrestricted and restricted funds represent the company's contribution to restricted projects.
10 Analysis of net assets between Funds
| Restricted Funds Unrestricted Funds: - General - Designated |
Tangible Fixed Assets Net Current Assets Creditors over one year Total 2022 Total 2021 573,100 - - 573,100 337,056 - 96,474 - 96,474 49,805 - - - - 5,913 |
|---|---|
| 573,100 96,474 - 669,574 392,774 |
11 Trustees
During the year, none of the trustees received any remuneration from the trust and no expenses were reimbursed to any of them.
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