CAMDEN PEOPLE'S THEATRE REPORT AND FINANCIAL STATEMENTS 31st March 2023 COMPAtrfi REGISTRATI< NUIABER: 3256610 Frank S Lachman 16b North End R¢)ad Golders Green London NW117PH 'ACICKX3K 1411212tr23 COkANIES HWSE A16
YEAR ENDED 31ST MARCH 2023 LEGAL AND AtIMINISTRATIVE INFORMATION DIRECTORS & TRUSTEES.. {Chairl Conrad TaY Agatha Yerbury Rachel Bagshaw Kale Lene rim cr.BU2 Leanne Cosby Rupert J•sscs) SECRETARY: Julanne Rcrflriquez REGISTERED OFFICE: SW Hampstead Road Londc NW1 2PY REGISTERED ACCOUNTANTS.. Frank S L¥hman 16b North End Road LoTrJon NW117PH CHARIry REGISTRATION NufiiBEK. 1058723 COMPAIIY REGISTRATION NUMBER.. 3256616
CAMDEN PEOPLE'S ThEATRE Directors Report 202212023 Company Law thith is also appkable lo tharitsble companies in ErKJand and Wales requires the directors, who are also twstees of the compary, lo kyepare finarKial slatements for each financial ar gNe a true and fair view of the state of affa¥s of the company and of ihe results ofts cOmpY for Ihat period. In prepariTrJ those financial slalements. the (lirectorsthstees are wuired to: select suitsble accwnting policies and then apY them consislenty. observe the methods and principles in the Charib"e5 SORP: make judgements and estimates that are reasonable a1 prudent state vthether applicable UK accounting stsndards haNe been fo1104wJ, ble¢1 to any material departures t1isclosed and explained in the ffinanual slments: prepare the finanu81 ststements on Ihe going ¢on¢em basis leSs it is inapproprTrate to PSume that the companywill continue in bugness. The direclorsltrustees are responsibte fw keeFing prcyer accountirvJ records dis<aosè with reasonable accuracy al any lime the finanoal postion of the company and to enable them lo gnsure that the finanaal ststements comply with Ihe Companies Act 2006. They are also resw)nsible for swarding the assets of the CoMY and hence for taking reasonable sleps for the prevention and detec1 of fraud other irregularities. The directorsltrustees who served for Ihe ar urless indThted *re: Dir•ctors & Trusto•s Isobel Colchester (Chairl Conrad Murray lan Whittaker Agatha Yerbury Rachel Bagshaw thory Gray Kate Levine Leanne Cosby Rupert Jessop rim CrcKker-Buque Apwnled 19th April 2022 Resgned 11th May %)22 Resigned 11th May 2022 So¢r•t•ry Kaya Christina StanleW¢)ney R•glst•r•d Office 5840 Hampslead Road London NW12PY R¢glslwed A¢nt4Thts Frank S Lachman 16b North End Road Golders Green London NW117PH Charlty R•glstration Number: 1058723 C¢)mpany R•gistrntion Number. 3216 Page 2
CAMDEN PEOPLES THEATRE Artlstlc and Executlve Dlredors. and Trustses. report The Arbstic and Executive Directors. and Ihe Ttustees, present their reprxt and their financial statements for the year ded 31 Marth 2023. Dlrectors. Résponsibilities Appolntmont of trust As sel out in the Memorandum and Artides of Associati¢)n. and amended by speaal resolution. rhe Trustees may from lime to time appoint new trustees who shall sefve for a maximum tsmi ol tsvo tems of three years unless the Trustees detemiine il lo be in the best interests of the Company for an indimdual to seNe a further term, in vknich case appointments may be made * posibons hekfj as per the provisions of the Memoran(kni and Arlides of AslatiOn. Trust¢0 induclion and training New Trustees are Ywiled to a vrtleome briefing by the Chair of Trustees and key members of stsff indudiThJ the executive director. An information pack is sent to all new Trustees. induding the Charitys Memorandum & Articles of Association, recent Reports and 8ccounts. the Business Plan. minutes of recent Board meetsngs. a full list of the members of Ihe Board, and the Charity CcKnmission's 9ui(Jance for new Tnjstees (CC3-The Essential Tnlee. What you need lo know). Trustees keep up to dale regulaw r8quernents arKI swl practice. The Board undertakes a regJlar skills audit and reviews roles and responsbililies to maximi5e its effectiveness. Princlpal aGtl¥lty and charitabh obj•ctiv• The rna objedives of the charity are to advance educalion fcrf the pubh'c befft by Ihe &011( of the arts. in particular bul not excluswely the arts of drama. Organi5ation and Constitution The company was incorpcrfated on 30th Seplembw 1996, and is Veffled by its Memorandum and Prticle5 ofAssociation. A Board of Trustees. vkno meet quarterty. adminislgrs the chty. mist arKI Executive tA'reetors are appointed by the Trustees lo manage the day to day operalion5 of the Charity. The existing twstees are entided to apport further trustees in aCcoanCe witrt the Memorandum and Artides of Association. The company bs limited by and has no share captal. The guarantees of individual members are limiled to £1. Ex•cutlve Summary 2022123 has delivered a year of stabilising and adjusts'n9 to a new dimate Stndern1C. Creatively. rt's been nothing short of extraordinary, wth our first full year of Paul Ham) Foundion-funded commissK)ns coming to fnjilion and the presentation of sell-out shows including ForA Palestiruon. surpassing artisl and aUdIee devel¢)pmenl ambitKsns. We delivered our fwst full programme of woth since the pandemic th over 3W performances by 141 artistslcompanies. Our audience reach increased by 50% on the preknious financial r. reaching neaty 13.( audience members and developing our underslantling of audien behaviours posl-pandemic as W retum to full capacity. We continued to explore how can demwalise wr deCiSn making. Our Communty Steering Group. establtshed in 21122. expanded its responsibilities lo indude shordith.ng tr projecls VIE coMmissn and programming our communty events. We also estatAished a New Programmers training scheme that see5 10 diveT5e young creatives join us on attachment for 18 months to watch and programme vhyk on tehalf of CPT. We're exctted about the change this has made in our programme and the ownershy that comm[ty has over the WO CPT chamwns. Page 3
CAMDEN PEOPLES THEATRE Ak)ngside this. in aLrtumn 2022. we launched a new membership strategy. the People's Assembty, that seeks lo democratise the traditional philanthropc model. Our monthty supporters reCee Ihe same benefits regardless of the amount they give- ineluding the optxjrtunity lo vote on an artrA to receive a comMissn in advance of their perfoThnance al CPT. The of the commission increases as our membership grows. This marks an exciting transit in how value the donations receive and the role that our supporters can play in supporting our artists. We embarked on a parlnwship wilh 8irkbeck UnNersty as the delNery parlners on a Collaborative Theatre Making module as part of their MA Text and Performance. 15 students wgned up to the course in its first year. wth CPT'S artistic director and team d¢liv¢ring 10 tekS of 0th$hOP$ and wo1K)nal develownent opwlunities before a week4ong sharing of di55ertation performance5. Significonlly. retsinejj c¥Jr positi.on as a National Portfc4ro Organisation with Arts CcAJrKil England. This, aSongsH4e receiving significant support from the Paul Hamlyn Foundalion and Garfield Weston Foundation. demonstrates the important role we play in launching the careers of the next gener81ion of artists. At a time Nthen a vIe generation of creatives risk being lost from the industry. the Irk Vt do and cxjr capacity to support a large number of artists wth 0mmi5$$ and programming opportuThties feels m¢yo essential than ever. Artistic l Engag•m•nl Prowamm• Our pamming and artist support Ihis year ttxik ace in the Conte of rying ndustry.wide uncertainty around audien¢e behaw¢)ur Ipost-P8ndemic and against the bad(drop of a c051-of4iwng crists). and with fvnding for independent afiisls and their projects harder to secure than ever fore. High-quality projects on th)se funding prospects we could once depend fell through for want of ACE or other fvnding. leaving last-minute h)ies in our prcgramme- and demoralising a community of artists whose lives were hard enough in the first pla. In this context, CPT'S eslablishwtg fo¢)thold for artists m (r industry. and buikling secure plarforn5 for their worf(, is more important than ever. In 2022-23. supported an extraordinary range of artists. and brought some stellar work to the stage. Autumn 2022 featured a three-week fun of BiLql Hasna and Aaron lQleraeglu's FCK a Palestinian. one of the biggest t)X•office hits we've ever Se at CPT. Aistair Hall premiered the in-person version of his di&ital hil Declan la"slinging tale of loss. loneliness and sexual tliscoverf- The Guardian). wthith is pparing for a run on Ihe Edinburgh Fringe. Pigfoot brou9hl us the finished production of Hol in Here. originally comrnissned on our'oulside the Box. scheme, and which would subsequenuy be picked up for onward cnmmi55ion and co-woduction wilh our new Camden neighbours. the Gate Theatre. where li would enjoy a three-%k run in spring 2023. Also in Ihis season. Rawb¢)red pr¢vieN%ed their CPT seed commission IVS a kn)therf-ing Pleasure. vthich Ihen transferred, a the Vault festival. io a high-profife three-week Soho Theatre run before wnning the Underbelly Untapped award for their Edinburgh Fringe run. With eady CPT SUPFK)rt on our crynmissioning scheme for artists from rnarginali5ed backgrounds. Ihal project has really taken wing. Again this year. wekn enlisted nine artists to scheme.. MaghscKNJ Arashk)o, Laura Rees, Sierra Sevilla, Jasmin Thien. Mikey Reece. Corinne Walker. N'DoNJo. Initk?tsve.dkf and AK Golding. We will work 1h Ihese artists arKI their projects thr0h¢rtrt 2023. hopirKJ lo secure fulures for them as excitiTrJ as that of Flawbored'$ over the past fvfve months. Other su5)ported artists this year include our 2023 Starling Blc¢ks c(thort. selected from a huge intake of 109 applicants. aTha resident us ftr ten V•Eek5 from JarpMar¢h'. Vic Chen, Faizal Abdullah & Héctor Manthego. Hannah Calascione. Maddie Wakeling. Dan Egg and Laurie Stevens. At time of vfflting. FarLal aTrJ Héctorfs project has been picked up the Migration Matters festival in Sheffield. and Lauiie's is Edinburgh Fringe.bourKJ. Both of these programmes are supported by Paul Hamlyn funtting. So too our'Oulde the Box. commiswn (i.e. revrarding fomialty innovative ideas}. which went to Shlm,s project This is What Utopia Lcdrs knke, th a Mro-COmmIssi also offered to Gemma Bamett's yece now youtre leamt lo talk i dare you to &ng. And (wr new t)evelrpd on Drummond Street I'camden Nowl.. co-commission with our neighbours Old Diorama Arts Centre, vknich resourced a rw $h(Av at11 ts history of Camden's Lesbian Centre and Black Lesbian Group.. Gnlls by Mirrorball. We 11 now offer Grills an onward commission for 2023-24. 7hthen exFecl our PHF-fu1ed Home Run commissions to 03me lo fruition. Throughout this ar. we have SUped the first of those. Philip Arditb and Nina Bowers. English K9$ Iling Forewners. prodLKing and fundrain9 towards a lull prernie in autumn 2023. We also issued ad hoc seed mmission to a range of other artists. induding Charfotle VKers. Gh05t & John. Pip Williams & Jame5 Nash. Brian Mullin and Tobi King Bakare: and partnered wth Raze CollectNe to commLssion an artist emerging fom) their support schemes- lli this ease. the queer. mixed-raee. and r*urcdiveffJènt rKet and perfomier Riek Dove. Page 4
CMIDEN PEOPLE'S THEATRE This year. aeross ¢yJr wwamme aTrJ commissioning call ouls receive(l read applications from 668 artislsleompanies. Of our programmed arlists this year. 27% identified as ma, 47% as female. and 30Yo as trans or non- binary. {Tv•fS-thirds of our commissions went to arlists hIents"n9 as female.) More than haM154Ya) of programme¢J or mmissioned artists. and tsbo-Ihirds166%) of applicants to Lxjr call-outs Kjentified as LGBTa+. 34Yo of our programmed artists identifwl as deafldisabled. Of our Commiss$ned asts. 22% identffjd as Black African Caribbean l Black British, 9% Asian or Asian Bntish, 7% mixed racelmixed heritage and 59% White I Whrte 8fitish- broadly in line wlh London demographics {wth sl¥ht underrepresentatiM for AsianlAsian British and slight overrepresentsb.on for Blad(.) Our audience ¢Jats for the year tells us that 67% of resporKlents Vre fir5t-b.me wsrtors. 51W• Ye female, compared to 28Vo male and 6Yp non-binary. gendertluNI or trans. 290A idenb.fied as LGBTQ+ Per¢entsge of audierKe Identif'n9 05 disabled increased lo 28% in 5pTry 2023 from 15Y• in 8ulumn 2022. 20Yp identified as working-class and 26% a5 Global Majority. CPT continued throughout the year to engage its hxal community in arts and ojllural proiects. often designed by the community itself- not least via the mechanism of our Community Steering Group, which met monthly and fed into artistic decision-making across a fange ol Commissions and prcJramming. We a150 launched quartedy C(mYn1ty takeover days i) the building, offenng a rry of free tslks. a¢livib"es. perfmance and focJ in response lo community need and demand. Other ath"vrties k¢41 residents Incl.. a partnwship Vith our neightxwrs Hopscotch Women's Centre pairing Ioc81 Afghan women wth the CPT ar1isl Roshi Nasehi fof a series of musi¢4ed VDrkshops.' work with Sam Carroll on her oral history iniliats.ve Sweet Thames. a hefitage project al[rd al GapturirvJ people's experiences of the folk scene in London from the 1950s onvards.' and wothshops by the W artists of our commissioned prc4ects GrKls, My Dear Aunly Nell and LNe lo Tell. the latter workirvJ wth partiPanIS on creative resw)nses to Imng vith HIV. We also ran another very successful one-day Tolmerfs Square festwal for residents in the estate at the back of cyJr buihying.. rts mixed-bill (arcus. teaibox. music) pre•3ramme then transfeffed tKAle to Queens Crescent in Kentish Town later the summer. Camden Youth Theatre relumed to a group format. erKJ8ging 40 teenagers INe or go lo school in Camden free high-quality drama workshops every year. In 22r23, in sponSe lo feedback from pacipants. the Monday group worked with filmmaker Claire Ndan to write and make short films that were screened at New Diorama Theatre. The Tuesday group spent the majority of the year writing and demsing a new prJ¢tiOn inspired by the YP novel And T+ts8 Slars Were BUrnm 8r•3hlly by Danielle Java10. The sIM)wl11 be perfmned al CPT and New Diorama Theatre in May 2023. Funding CPT is thankful for all of our supporters in 2022r23. In October 2022. we successfulty secured a furlher three years of core fvnding as a Natronal Portfolio lTrganisation for Arts CAtncil England. Wtlh this funding now confimied until 2026. we can now focus on ddivering our plans lo conlribute to Arts Council EThJkind's Let's Create strategy. 2022-23 also marked the first full year of cwnmlssnlng actswty funded by the Paul Hamlyn FcMJndaiion as detailed in the 8ftistic ovemew above. As part of this we 'd the fourKhlcx)S for the more si9nfficanl commissiMs that wll come to fruition in the lalter part of 2023 and beyond. We also successfulty secured core funding from the Cthnmunty Impacts RefAIler Fund arKI Garfield Weston Foundation, %thich marks a new relationship wth a key arts funder. We are 9r8teful for their support for our core programme and the value this F4¥es on our rde supporting aTrJ cultivating new lalents as ty enter the theatre Thjustry. Alongside this SlI1¥e news, Ihe fall-out from the parthmic and the reall¢xalw)n of Arts Coun¢21 England fuTrJs outside of London in the October 2022 NPO announcement has kd to an incredibly compelitive funding environment. CPT is worki hard to nawgale this Un¢edented climate. adapting our fvndraiyng and programming strategy as *tll as r&imaginin9 our indiwdual giving schemes lo better respond to our audnCe1$pPOrter demographic. Page 5
CthIOEN PEOPLES THEATRE FlnarKlal R•¥1 ThroL4houl 2022r23 CPT continued lo r8¢over frcrfn the parKlemK. deli¥wirwJ a full athumn and spring prtyJramm8 for the first tlme since 2019r20. Our fjame(l income inueased to 4Yh of our total income. up from 30% in 21122. vthich is in line wth our recovery plan. Audigncg behavtor ntinUed to b8 unwedictat4e, txrt we successfully reached our tar9gt of 60% audi&nce capaaty across the seasons. The St41vIrWj crisis and jump in irrflalion started to impact CPT'S operations at Ihe start of Quart9r 3. in particjjlar the 8% increase to Lonth)n LiviThJ Wage that we introduce(l in phasgs from Q4. After the inllux of em8rgw and recovery funds came lo trwj in 21r22. started to experi¢nce morg ¢halthJes secjjring funds from Trusts & Foundations. competition f¢x funds ntinueS lo be hYJher than ever. Givgn the factors ouuined above. w8 strategically utilised the free reserves built up in 21122 to help rwvvJale complicaled Situat we're facing. This has given US time to review and adapl our t$1$6 vith thè of Iwvw rgknArKJ wr rolr4nce on income fr( trust5 and ndations. Res•r¥es polky Rewve$ are rovided to •n$ure tr¢ slabdty of the charity aNI the abilty for it to meet its charitsble tititiVeS for thè foreseeable future. CPT aims to maintain roserves at algvd that is at least equival8nt to three month5, operat1 expenditure, this ye¥. in line vhth ovr staffing struclure. This has been increased to £70.(MXJ. Tolal general fund5 slaryj at £67,435 al 31 Marth 2023. nol includlng fixed assets. We aim to rebuild our HniMUm reser¥es in 23124 finawal year. Tha trust88s review Ihe amount of reserves that ao required to erKwre thal thty pAe adequ0 to luifil th8 cl4ritls continuir¥J obligatiS on an annual basis at their board meetiThJ. Golng Concern Wg hav9 Sgt wt above a of cprs finala1 [ance and the general resorye5 Fwb'on. Ow plamiry proce5S¢S. cluding financial projections. have laken inlo consideration the current eC)Yrn dimate aTrJ ils potgntial impact on the various sources of income and anned expertdITe. The trustees con5Kler that there are no malerral uncertainties at<Mrt Ihg charity's ability to Continue a5 8 goir¥J ¢orKem. In forming Ihis opiniLM. thoy have $l(ler9d the impacl of thg Covid-19 pandw)ic and 51-of4lr4j ¢FiSiS on both its irwnfj and expwdiiwe for * leasl a pgriod of t¥1¥0 month$ frn the date of approval oftheso finala1 statements. Future Aetlvlty 2023r24 stsrt with an incsedibly stror¥J trthlive wogramme aThJ a number of CPT SUFWted artists and [Jects tieiro opelled into more m8instream avenues. Prc•Jramme huNighls Irlde. 8 tenlfvannNer5ary'C81m Down. Dear. fe5tNal guest4ur8ted by Ihe fantsstic feminist theatre duo Ra5hD8sh. and runs of Brian Mullin's Live lo Tell. Paul O'Donnell's D- Beal-es, ttte sell-1 Chojse YourFiqhler {1 saw audien use headphones to follrm one characterfs iourrey through the show). and Eden Jun's Stsrting Blocks 2022 graduate lin Sony lin Lucy Liu. A kwranwned fun ofclown supeTstsr Frankie T1Thip,S Th& $eXP was rwttably cancdled due to ill health. 23124 has also fjn multi9 majcff examples of imFwA CPTS supp¢¥t Can have M a tffoiedJarts"sL' Lemns. Lemons, Lemors. LeThs. LeMc$ by Sam Steiner. wthich was SLWOrted to present its fi1 tmtsnight LoThlon run lin a produciion by Walrus Theatre) al CPT back in 2017. cyened on tha Wesl End, starring Aid&n T(wner and Jenna Coleman. It was also anrtsJrKed Ihat the Royal Balet V•tyJld use the text as in4Nration for a n ¢ontemporary ballot perfom)arte in 2024. Haley McGee's solo show Age Is a Feeling. (wigirkAlly tMISsI8 as W of cprs 25th annNrnry celebrations, sdd out its run at tho Edinbjrgh Fringe before ctsmpleb.ng sdl-wl rurts at So1 Theatre. The shcr•V a Fringe First and was nominated for an OU¥ier ward. Page 6
CAMDEN PEOPLES THEATRE HBO series Rain Dogs, wyitten by Cash Carraway and starnThJ Daisy P•lay Cooper. premiered on the BBC. The screenplay was developed from Cash's memoir, Skint Estate. vhich stsrted lrfe as the play Refuge Woman. commissioned SUPFthed by CPT for 'NO Direct#)n Home. festiwdl in 2018. NoLweau Rlche's smash-hit show Queens of initiated on ¢)ur Stsrting Bbxats sd)eme in 2018, and akeady a he hit UK-wide- transferred off-Broadway as part of the preslig1$.uTrer Ihe Radar. festtval In January (alongside another CPT-inthted shtrw. Rachel Mars. Ywr Sexls are ShiLI Clder Better Letters). The No Oirection H¢Jme standup prc¥Jramme for myrants and r8lugees, %thich stsrted life on CPT'S stage as a pathership bètsveen CPT, Counterpoints kn and the comedian Tom Pary. VoBnt from strength lo slrengih. securir regar slot at Soho Theatre. We continue to refied on th8 role have in our Community and trthvwe can cMlirwe to support them in lh8 best way possible given the coslvof-limng crisis. We remain committed to delivering high-quality. free40-arxess engagement actswlies. including Camden Youth Theatre and regular communty lakeover days at the theatre. We still face a very uncertain funding cllmate. both for our artistic and community woiects arKI ¢wr core costs. We're working hard lo expand our eamed income strategy. buikling new relationships with corporate partners and expanding our relationship5 With university partners. At the end of Q1 of 2W24. CPT secured ts¥o >ears of funding from the City Bridgè Trust to continue our WOTk on transfoming cMJr aetess provision for artists and audiences. This project buikjs on five years of work, largely supported by Camden Giving lo drive change in the sector lo be more indusNe. To date these initiatives have seen artists identsfying as Deaf, disabled. Ur0dIver9enI andlor Voith a knlemi health cnndilion participating in our programme increasing from 10% to 330A. Similady Deaf arxl dIsaed audIerS have increased from 5% to 15Y• over the Same period. 5(Vh of our CO staff team identrfy as Deaf, disabled. neurodivergent andlor with a k9-terM health condrtion, an increase from 14% when we first embarked on the wlot project. reflecting the signEfieant impact this woth has had on how we suppcrft staff, artists and audiences. We're excited tt) expaThJ on this work fvrther over the comirtg years. Publlc Beneflt The Trustees confirm that in CoMling this r8POrt they have had due regard lo the gUIdar on public benefit issued by thecharity Commission in compliance with the duty Set out in SeCtn 4 of the Charib'es Act 2006. Thi$ report has been prepared in acwrdance wilh the pVo¥ThSi N) P* 15 of Ihe Companies Act 2006 applicab locompanie5 subject to the small companies regime. This report was approved by the bot&d ¢)n glh November 2023 ond wgned on its behall by Isobd Colthst sobel Cokhester Page 7
CAMDEN PEOPLVS THEATRE Indend•Tht Examlnerfs R•port on th• A¢¢ounts I report to the charity trustees on my examinalion of the accounts of company for the ar ended 31st March 2023 wthich are sel out on pages 9 to 15. Respecti responl.tIeS of trustees and examiner The trustees l%tho are obo the directors of the tharitatAe company for the purposes of eompany law) a responsible for the preparatson of the accwnts. The trustees consider that an audit not required for this year LWKJer section 144121 of the Charities Act 2011 (the 2011 Act) and Ihat independent examination is needed. Thè charitys gross income exceeded £2S),IJXI aThJ l am qualthed to dertake the examinat# by bwng a qualified member ol Tr Associabon of Ch¥tered Cerbfied Accountants. Hav examine the accwnts under Sect 145 01 th8 2011 Att. follow the procedures lahl dovm in the genw Direcbons given by the Charity CoMmissn (under section 14515Xbl of the 2011 Act.. and stste vthelher particular matters have come to my attention. Basis of independent examinrfs statement My examinatn was carried Trjl in accord ilh Gera1 Directtons gven by the Charity Commission. An exarnination includes a revi8w of the accoting re¢d$ kept by the charity arKI a compari)n of the OUnts presented with those records. It also includes consideration of unusual items or disclosure5 in the accounts, Seeking eXPlanan5 from you as trustees conceming any such matters. The FWtJures urKlertaken do not pro¥ide all the edence that would be required in an audit, and consequenuy no On)n is given as to whether the accounts present a 'true and fair vies¢ and the report is limited to those matter5 set out in the statement below. lJependt examinerfs $tstement In corw wlh my examination. rK> matter has come to my attention.. 1. vthich gives me reasonat4e cause to belteve thal in. any matwBI respecL the requirements: lo keep accoLJntiNJ records in accwdance sectson 386 of the Comwies Act %)06: and to prepare accounts wthich accor(l the accounting records. compty th the 8ccountiThJ requirements of seclion 396 of the Companie5 Act 2006 and with the methods and wnoples of the Statement of Recommended Practice: Accounb'n9 aftd Reporling by Charibes have not been met: or 2. to vthich. in my opinion. attenlion slK>uld be drawn wler to enabl8 a proper ¥JrKlerstandiThJ of the aounts to be reached Frk S Lachman Chartered Accountant Independent Examin 16b Norlh End Road London NW117PH h November 2023 Page 8
CAMDEN PEOPLEETHEATrE Stathm•nt of Flnand•l 11• Fwtho Year Endod 31st Marth 2023 Unrnstrlthd Total FYNIB Funds D190 G•norn1 2022 Fun4f8 Funds Funds Funds In¢ L89aw$ and donati$ Bk Int8r051 125,276 159.035 284311 131.227 177.835 6HO48 13 Ch•raW• ac11v•S 21724S 217245 172.762 172.762 Total Incor 125 376 678 501954 131.227 350.610 77 821 Charltablo AcbvltyCoBts S 126.238 61.599 3191 131227 62.2WJ 3L,514 SOD.021 126.238 398.194 131227 3Cfj 514 500 021 R•GoncIIMioD ol Fund N•t IrKOm•llExp•nd1•> 121.516) 1•4m) 44,(VJ$ I760 Fd8 btryoht low¢ 573.1(KJ 98.474 337. 5.913 49,e05 392.774 ben 17.523) 1340 {5,9131 2,573 67.435 MS.497 S73.1r .474 669.574 Th¢ n$ w pag8s 11 10 15 gym part01# a¢¢4xMU* P409
CAMDEN PEOPLES THEATRE Balan¢• Sheet at 31st March 2023 2023 2022 Flx•d assets Tan9ible assets 518.062 573.100 Curront ass•ts Debtors Cash at bank aTrJ in harKI 35,586 146.416 53,825 209.851 Total curyent asvts 182.CM]2 263.676 Credllors due within one yr 114.7 167.202 Nel current assets 67.435 .474 Nel assets 585.497 669,574 Tho Funds of th• Charity Resfricled Funds 518.062 573,100 Unrestricted Funds 67.435 96.474 Totsl Charty Funds 585,497 669,574 For the year ended 31 March 2023 the company vr4s entbued io exemption undw secb(m 47712) of Ihe Companies Act 2006. No members have required the company lo obtain audit of its accounts for the year in westion in accordance ith section 476 of the Companies Acl 2006. The directors a¢knoedge tsr resFonsibility ky.. i. ensuring the company keeps accounting words Which com Vlith secb'on 386,. and ii. preparirvJ acwunts Ythich gNe a tnJe and fair view of the state of affairs of the Company as at the end of the financial year and of its profit and boss for the finanual >8r in ordance the section 393. and ¥thich othervjise comply with the reqU1ments of the Companies Act lating to accounts. so far as aPIcable to the company. The accounts have been prep in acctydance ¥th the spla1 provisions applica to companies 5ubj.ecl to the small companies. regime under C(wnpanie5 Act 20(. Approved by the directCS on 9th Novemter 2023 . and sKJned on their behalf by Isobel Colchester Isobel Colchester Pas* 10
CAMDEN PEOPLE'S THEATRE Notes to th• Financial Statements For the Y•ar End•d 31st Mah 20rJ 1 k¢ountlng Pollc•s la) The financial stateMts have been prepwed in acc(Ydance wth kcountng and Rewfing by Charities.. ststement of Recommended Pradiee applicable lo charities preparing Iheir accounts in aCCordare with the Financial Reporb"ng Stsndard applicable in the UK and Republ of Ireland IFRS 1021 (effective 1 January 2019)- {Ch8ri1ies SORP IFRS 102}l. the Finanoal Reporting Standard appliCae in the UK and Republic of Ireland IFRS 1021 and the CnPanieS Ad 2ts. Camden People's Theatre meets the definitK)n of a public benefft entity under FRS 102. Assets and liabilities are inib.ally recognised at historical cost cf Imsaction Wdlue unless othermse slaled in the r8v( aUnting poIY note(sl. Ib) Tangible Fixod Ass•ts Depreciation is provided at rates cukted to te off the cost of each asset over its expected useful lrfe. as folcNts: Fixtures, fftbngs and equipmenl Leasehold improvements 25% Strah1 ne Over the lrfe of Jease {¢) Incomo Income is recognised vknen the charity has entstIenl to the funds, a)y performan conditions attached to the items of income have been mel il is probable that the income 7MII be received and the amount can be measured reliably. Income from grants. vthether pital or rene grants. is rognISed when the charity has entstlemenl to the funds. any perfomance conditions attad)ed to the grants has been met. il is prob8ble that the income will be received and the am¢Junt can be measured reliabty and is rnt deferred. (dl Expendltur• All expenditure 1$ 8cc(yJnted for on an accruals basis. Expenditure is recognised once there is a al or ¢onstru¢tive obligab'on to make a payThent to a Ihird party. It is probable that setdement wll bè required the amount of the obligation can be meaSUd lIa. Costs are allLKoted lo a category either because such (sts are diredy incwred in relation to such category. or because they we support costs in respect of an 8p[10nMÈftt has been made bell the categories. Support costs consist of infrastructure costs for salaries. wemises. Offi administratkjn. Such costs are apportioned on a reasonable and consistent basis to the various calwries with a view to determining. as accurately as possible. the total rerS expended for eath category. The basis of aPportnment used is either function of staff time applied lo a gNpn aclivity, or an esljnate of the wipothn of costs associated wth the same. or a combination of b)ih. Direct and Support costs are sepwatety Sh(A by nalural dassrfafu)n in Note 5 to these acccMJnts for eh category of cost. (el Taxatlon The company as a rryislered charity I nvmber 1058723) is exempt from tsxation on most inveslment IOMe 150far income insofar as it is appl for Charitab purposes. The company is also exempt from taxation on capitsl galn$. (fj DebtorJ Trade and other debtors are recowised at the setllemgnl anount ¢kn after any trade diStnt offered. Prepayments are valued ot Ihe amount prepaid net of any trade discounts due. Page11
CAMDEN PEOPLES THEATRE Not•$ to the Flnandal Statemnts Fof th• Y•ar Ended 31$t Mareh 2023 (gi Creditrjrs and provlslons Cre¢itors and provi5ion5 are rened tlbe tharity has a pre$t obwthon rasthOng from a past that will probably T¢$uIt in thè translar clfunts to a t"[d pwty and thè aftnI due to setue th8 olgatIOn Can be measur1 or estimate(J rdiably. Cre¢lilor5 a1 pThIs are rKmalty rwnised all1'T amoLmt after aifow'ng for any trade discnunts ¢Jue. Funds Funds 2023 Fun(15 Funds Fund InTre Capllal 2022 Grnrfs for Spo¢ifi¢ Puw$ sts Councal Eryjwd Kickstart Paul Hamlyft Foundation London Communty Foundaii( Camden Giving Fund Camdon Coll'Ve Voluntary Ads'on Cam¢J8n LorKlon Bor0h of Camden Christina Smith Capital GroLqJ Garfield Weston Viridor Credi¢s Indiw¢Jual slonalK Lablech Tec London ess lo Work 71288 71318 131,&J7 6.815 170.982 301589 42,619 87.000 13.000 17,087 95,71)0 87,[ 13,000 17.087 3.754 3.754 6,694 26.000 10,000 I,soo 18.650 1521x1 33A50 lo.c10 88.198 8B.198 6,719 10,338 10.338 1.000 6.719 1.000 7.613 7,613 D9ferrgd Grants browJht I0rd Deferr Grants carriad IoThAft1 116,538 179.eA)5} 116.538 179.6051 111.565 1116.538) 111,565 {116.5381 12S,276 159,03S 284,311 177.835 131.227 294.984 1041746 3 Charltsbl• acllvllles UM•strlet8d R•strlct•d R•strlct•d Funds Funds Fund$ Incomè Capbtal Funds Funds 2023 2022 Box orrice Cal8 and Bars Hiros and fee5 Sundriss and roimbursenwts 123,101 37.391 36,573 20,180 123.101 37.391 36.573 20.1•0 83,867 29.952 18.$95 83.867 29.962 18.S95 40.338 217,245 217245 172.762 172.762 4 Net Incomel(Expendlture) 2023 2022 Net IrrfxJmWIExpgndrtwel is aled ats th•yry: Independent E¥Aminets fee Depr8¢tatsfm of tangible assels 2,0(Kl SS.038 55.038 Pa3e 12
CAMDEN PEOPLES THEATRE Notes to the Financial Statements For the Y•ar Ended 31st March 2023 5 charItab activity ry>sts Charitable Charltsblo Capital Charitsble Supwl Activity ActK¥lty Activity GovemanGe Costs Costs Costs Costs Unrnstrlct•d Restricted R¢strKtod UnrgstriGt•d Total 2023 Dlrect costs Stsff fees and salaries (see bel¢ywl Recruitment, vc4unleer costs, training. travel and hospitslity AJtistic expenditure, freelance fees and production costs Ticketsng and merchanl Semos Box Office Remittance Publicity and marketing PRS and licensing fees Café $ts Telephone and IT costs Maintenance. repairs and utlrties Support ¢¢$ts Independent Examinerfs fee and accountancy Depre¢iabon Bank charges Insurance Health and Safety Legal. professional and consullanry fees Premises and office costs 78,730 160.533 265,263 3.099 3.099 47.568 54.309 13.390 71.909 10.863 101.877 13.390 71.909 10,863 336 14.487 2.608 12,580 14.487 2.eAJ8 6.019 4,800 4.800 SS.038 82 3.702 55.038 82 3.702 811 144 25.102 144 25.102 Total 2023 58.703 126,298 61.599 334.609 4.882 586.091 2022 Comparatives Dlrod costs Staff fees and salaries (see below) Recruith)ent. volunteer costs. training. travel and hospitality Artistic expenditure. freelance fees aTr production costs Ti¢keling SeThices Box Office Remittance Publicity an¢J matheting PRS and licensing fees Café costs Telephone and IT costs Maintenance. repairs and uldtlies Suppgrt Costs Independeni Examinerfs fee arKI accountancy Depreciation Bank charges Insurance Health and Safety Legal, professional and consultancy fees PMiseS and office costs 24285 158.334 214,619 876 11.451 12.327 99.227 276 2.533 102,036 40.617 12,916 40.617 13.116 1.431 10.549 11.551 7.975 1.431 10.549 11.551 3.135 1.050 55,038 4.000 5.050 55.038 3.708 3.768 10.868 10,868 Totsl 2Q22 54.491 131.227 62.280 247.969 4.054 500.021 Page13
CAMDEN PEOPLE% THEATRE Nol85 to the Flnancial Statements For th• Year End•d 31st Mar¢h 2023 Staff fo08 and salarles 2023 2022 Salaries Pen5ion5 Social SeeAKsty cosrts 247.) 199,083 3.570 11.966 214.619 13,969 265.263 Number of Staff No employees reived remuller8tion in exc of £eii.IXKI in the ar. {2022 nor*} 6 T•nglbl• FIX assets Imwovwn•nts fittlng$ & •quipmont Total Cost At 1st April 2022 Disposals Adthtions 543.097 108.528 651.625 At 31st March 2023 543,097 108.528 651.625 Depre¢l•llon At 1st April 2022 Disposals Charge lor the ye 44.455 34.070 78.525 30.219 24.819 55.038 At 31st March 2023 74,674 58.889 133.563 N•t Book values At 31st Marth 2023 49.639 518.062 Al 31st March 2022 74.458 573,100 7 Dabtors 2023 2022 Trade debtors Other debtors Prepaents and awued inD)me 17.119 7.957 1,495 44.373 18.267 35.586 53.825 Page 14
CAMDEN PEOPLES THEATRE Notes to tho Finw¢lal StstomeDts For th• Y•ar Ended 31st March 2023 8 Crethiors duo within on• year 2023 2022 Trade uethtors Deferred Grants Deferred income Other Taxats"on Accruals 12.016 79.605 18.14S 541 4.260 114.567 16.207 116.538 14,568 795 19.094 167.202 9 Reconciliatton of movem•rts ITr Funds Balance at 1 Awil 2022 Balanco at 31 Expendilure Transfer5 March 2023 Income Resitted Funds 125.276 (126.238) 161.S99) 962 6.561 - Capital $73.100 518,062 Unrestricted Funds .474 376.678 (398.194) {7.523} 67.435 - Designated 669.574 )1.954 586.031 585.497 The above funds compris•: R•strict•d Funds: are rnOn held for use in specfft actswtses. General Fund: are moneys Nthich can be used by the Trustees al their discretion for ary purpose and whith have noi been design*ed by them previously. These rflect lfvee months wnning costs. TrnngferJ l)¥tween Funds: transfers belween unStIL a)d restrKted fvnds repsent ihe companrfs contribution lo th"cle prqects. 10 Analysis of net assets belw¢•n Funds Not Tangible Current Fixed Ass•ts Assots Total 2022 Total 2023 Restricted Funds 518.062 518.062 573.100 Unrestricted Funds.. - General - Oesignated 87.435 67.435 96.474 518.062 67.435 585.497 669.574 11 Truste•s DuriThJ the year, none of the trustees iecèived any remuneration from the trust and Tr) expenses were reifflbursed to any of Ihem. Page 15