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← Immediate Theatre

2025-03-31-accounts

Immediate Theatre 25_ ANNUAL REPORT (A company limited by guarantee) Annual Report and Unaudited Financial Statements for the Year Ended 31 March 2025 Charity number 1061522 Company number 03272271 (England & Wales)

IMMEDIATE THEATRE Contents

For the Year Ended 31 March 2025

Page
Legal and Administrative Information 2
Report of the Directors (Trustees) 4 - 31
32
Statement of Financial Activities 33
Balance Sheet 34
Statement of Cashflows 35
Notes forming part of the Financial Statements 36 to 45

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IMMEDIATE THEATRE Legal and Administrative Information

Year ended 31 March 2025

Charity Legal Name: Immediate Theatre Charity registration number: 1061522 Company registration number: 03272271 (England & Wales) Trustees S Scarlett - Chair S Moss R Harris G Green J Wong S Summers S Morris N Bettioui J Bolton M Coudoux M Shah

Company Secretary J Carter Senior Management Team J Carter Artistic Director C Humphrey Participation Manager S Smith General Manager Registered office & operational address: Unit 1, Sidings House 10 Andre Street London E8 2AA Independent Examiners: Simpson Wreford LLP Chartered Accountants Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS Mago o£ I¢

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IMMEDIATE THEATRE Report of the Directors (Trustees)

Year ended 31 March 2025

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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)

Structure, Governance and Managemen t

Governing documents - Immediate Theatre is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Trustees

S Scarlett Chair L Oguntoyinbo resigned 21 January 2025 P Smith resigned 29 July 2025 M Butcher resigned 29 July 2025 S Moss R Harris G Green J Wong S Summers also known as S Gorman A Lee resigned 29 July 2025 S Morris N Bettioui appointed 29 July 2025 J Bolton appointed 29 July 2025 M Coudoux appointed 29 July 2025 M Shah appointed 29 July 2025

Management

The Board of Trustees governs the charity, meeting at least four times a year. The Trustees delegate daily management of the Company to a Senior Management Team currently consisting of Artistic Director, General Manager and Participation Manager.

Appointment and Retirement of Trustees

Trustees are appointed (or elected) at the AGM and those who have been standing the longest stand down and offer themselves for re-election. Those wishing to retire from the board do so at the time of the AGM.

Objectives and Activities

advance education for the public benefit through the promotion of the arts with particular, but not exclusive, reference to the dramatic arts.

Public Benefit

The Trustees have considered the Charity Commission guidance on public benefit and consider that the activities of the charity meet its charitable objectives and provide a benefit to the public.

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Risk Management

The directors have examined the major strategic, financial, business and operational risks which the charity faces and confirm that systems have been established to enable regular reporting so that the necessary steps can be taken to lessen these risks.

Our Vision:

Immediate Theatre remains committed to our vision of a society where questioning, articulate and motivated people create and collaborate to build thriving communities.

Our Purpose:

Our purpose is to involve communities in creative projects that inspire wellbeing, break down barriers and engage people in the process of personal and social change.

Our Objectives:

Our objectives are delivered across our programmes with thorough evaluation processes being used to evidence the impact of our work.

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Chair's Summary

his year we are proud to have extended our work into new areas. Our Creative Connections programme for people over 60 formed new partnerships in Enfield and Newham and started engaging with those Taffected by dementia and their carers. We also set up a regular Youth Theatre group in Newham from October 2024 culminating in a Comedy Show which was shared at our Social Action event in March 2025 at Hackney Town Hall.

We have reached new audiences through our audio digital work. The Hackney and Newham History Social Club podcast created in partnership with the Archives and older people across the boroughs has reached 1000s of new listeners and made people feel proud of living in East London. For the first time we have created an audio drama for schools, Rift by Abi Falase explores issues about violence towards women and girls and is available free to schools alongside drama and PSHE teachers’ packs ~~.~~ This resource offers schools a new and flexible way to bring important issues into the classroom through drama. We aim to build on the impact of these digital projects in the coming years.

Our programmes for young people in Hackney continue to provide a vital and inspiring space where young people feel safe to explore their emotions and ideas. In July 2024 the Youth Board hosted our first ever youth prom, a joyous celebration of the accomplishments of our young people attended by 60 participants. We hope to make this a regular event.

Changes in funding from Young Hackney is focussing our work with young people aged 10 and over however we have managed to sustain three after-school sessions for younger ages as well as continuing with our Speech Bubbles programme in primary schools. We are aware of the huge impact our work can have on our youngest residents and remain committed to finding ways to support these early interventions.

It is not just the regular creative sessions that make the difference, we are very pleased to have been able to introduce our participants to a wide range of cultural experiences with over 50 trips and residentials during the year. The Trustees also recognise the huge amount of 1:1 support provided to our participants by our dedicated staff team and are aware that this sometimes makes the difference between fear and safety, freedom and prison, life and death. We would like to particularly thank Charmain Humphrey for her tireless work supporting young people which was recognised through the first Love Hackney Lifetime Achievement Award she received in February 2025.

Shekeila Scarlett Chair of Trustees

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2024-2025 in Numbers

323

1041

711

3200

48

1097

390

50

87%

49%

21%

107

53

14

5

Participants attending long-term programmes

Additional participants in one-off workshops or short programmes

Audience members reached through 30 performances

Online audience for Voices of Change, rising to 12,500 by September

Weeks of delivery

Hours of delivery

AQA accredited certificates awarded to participants

External trips for participants

Of registered young participants are of culturally diverse groups

Of registered adult participants are of culturally diverse groups

Of registered participants have special educational needs or a disability

Registered young people accessing Free School Meals

Creatives engaged as freelancers

Employees (excluding Peer Facilitators)

Young people employed as Peer Facilitators, totalling 437 hours We also had a full-time intern post

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Year ended 31 March 2025 Tcalr Ciucu JI WIdAIUI! ZUZU Summary of Projects Summary of Projects Youth Projects

Estate-based Youth Theatres

Ages: 5-25 231 Participants

396 Sessions

Our youth theatres, including a group at Little Ilford Youth Zone in Newham, provide weekly sessions for self-expression, creativity and growth. We now provide three sessions for under 11s, a session for 12-14s and 14-19-year-olds; we also have specialist sessions for young people with SEND and an online session for young people at risk of school exclusion. Parents and carers are invited to termly sharings and we hold an annual Social Action event bringing all the groups together. This year, we awarded 390 individual AQA Unit Award Certificates.

Holiday Projects

Ages: 6-25 93 Participants 47 Sessions We provide free inclusive activities for young people during school holidays a space for them to express their creativity, have fun and enjoy a hot meal. Summer holiday projects lead to productions, with this year’s senior group performing in the Olympic V illage.

Speech Bubbles

Ages: 4-7 160 Participants 51 Sessions

A weekly drama programme for children in Years 1 and 2 with speech, language and communication needs (SLCN), designed to provide an opportunity to improve communication skills through telling stories and acting them out. From September 2023 to June 2024, we worked with five schools and continued in three schools from September 2024. We have also delivered CPD for school staff.

Interactions (In school sessions)

Ages: 11-19 60 Participants 20 Sessions

Working with young people facing or at risk of exclusion in schools and those already in Pupil Referral Units to develop life-skills, provide support with issues covering violence and victimisation, healthy relationships and assist reintegration into education.

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Pathways to Employment

Hackney Young Collective

Ages: 18-30 43 Participants 25 Sessions

Targeted at those seeking employment in the creative industries, the group work towards a production and are given 1:1 support. Our partnership with the Hackney Wellbeing Network connects participants to specialist mental health support.

Indie Project

Ages: 25+ 22 Participants 46 Sessions Weekly inclusive sessions supporting adults with SEND to develop skills, learn about and discuss well-being, health and other issues through the medium of theatre.

Ages: 18+ 7 Participants 16 Sessions Workshop series for women furthest from the jobs market, creating connections and building confidence and self-esteem.

Creative Connections - Community Arts

Theatre Exchange

Ages: 60+ 29 Participants 44 Sessions Members A youth theatre for older people, meeting weekly. Our cabaret style touring production Off the Cuff brought joy to over 400 people across Hackney, Newham and Enfield. Creative Workshops in the Community Ages: 60+ & Carers 70 Participants 25 Sessions We have extended our work with older people in Hackney, Newham and Enfield. Including working with people with dementia and their carers.

Voices of Change

Production Club 13 Volunteers 24 Sessions
Community Outreach 245 Participants 12 Sessions
Online Listens 3,200 by March 12,500 by September 25

Engages with residents and from Hackney & Newham archiving oral histories and creating the Hackney and Newham History Social Club podcasts.

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Highlights from the Year

1. Voices of Change / Hackney & Newham History Social Club

From May 2023 to July 2025, we have been celebrating the lives and stories of people who have made Hackney and Newham their home, supported by the National Lottery Heritage Fund and working with Hackney and Newham Archives. Over the two years, volunteers and staff have worked together to engage 317 residents through workshops, events, talks and visits. We worked with 43 volunteers with 15 taking a leadership role through the Production Club helping to shape the programme. We recorded 30 in-depth interviews with people from many backgrounds and walks of life. Among the interviewees were: a 99-year-old RAF veteran from Jamaica; a Gujarati couple from Zambia and India whose family have run a corner shop for three generations; a nurse from Guyana; and a Hong Kong community worker who saved a centre for Vietnamese refugees.

The stories were shared through The Hackney and Newham History Social Club podcast, live events and community workshops, and are now preserved at Newham Archives and Hackney Museum for future generations to hear. The podcast, hosted by broadcaster Sue Elliott-Nicholls, mixed oral history, music and location sound to bring Hackney and Newham’s local life to listeners. It has been featured in national media, highlighted on major podcast platforms, and praised by audiences for its warmth, humour and insights a bout the areas’ history.

By April 2025 we had at least 3,200 online listens. However, with the release of final episode extensive publicity we have reached 12,500 listens by September 2025, well exceeding targets.

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Impact

The Voices of Change project was independently evaluated by Live Project Solutions, and the feedback and survey data shows it made a clear and positive difference for individuals, communities and partner organisations.

For participants , it provided new skills, confidence and friendships. People spoke about the enjoyment of working together, the sense of purpose and pride of contributing to the sharing of local history, and the inspiration they found in hearing each other’s stories. For some, it was the first time they had shared their story or researched a local heritage story. Many said it improved their wellbeing through the friendships and connections and getting out and about through learning trips and events.

For volunteers , the project offered training in intercultural awareness, oral history methods, research and audio production. This helped people listen and understand different perspectives and

feel confident interviewing people from varied backgrounds.

For the community , the project strengthened social cohesion, connecting people who might never otherwise meet. It celebrated the cultural richness of Hackney and Newham and created a safe space for people to share memories, heritage and personal histories. This will fill important gaps in the Hackney and Newham Archives and be available for perpetuity

For the company , the project has raised Immediate Theatre’s profile and expanded its practice to include high-quality heritage audio storytelling.

Feedback

Volunteers involved in training and recording

Comments from listeners to the podcast

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2. Breakout 2024: Once Upon Our World

In July we brought together children from across Hackney to explore global folktales through theatre. Led by Gina Theodotu, supported by a team of 6 facilitators, 27 young people aged 5-12 took part in this fiveday summer holiday project ~~.~~ This year’s theme was stories from around the world with each linked to an element and a core virtue.

Children explored character development through voice, movement and rhythm, with each folktale’s element influencing the pace and tone of their

performance. Performing in the round and speaking in chorus helped less confident participants find their voice and feel part of a team.

We partnered with Para Carnival to provide costumes and set, significantly enhancing the performance quality and participant engagement. In September participants visited the London Aquarium. It was a joyful day of discovery, laughter, and bondin ~~g -~~ an exciting reward for a week of creativity and hard work.

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Impact

Breakout 2024 was more than a theatre project ~~i~~ t was a journey of personal growth. Through warm-ups, improvisation, and ensemble work, children developed:

Trust - - 82% 82% said they learned to trust others

Responsibility - - 76% 76% felt empowered to take charge

Pride - -73% 73% felt proud of their achievements

Confidence - - 55% 55% reported increased self-belief and theatre skills

Teamwork - - 55% 55% learned to collaborate and support others

2 22 2 participants earned AQA Entry Level Certificates in Creating and Performing in an Original Drama Piece, recognising their commitment, creativity, and teamwork.

Case Study: A Journey of Growth

A, aged 10, joined Breakout 2024 shy and hesitant to speak in front of others. Assigned a key role in the Prometheus tale, she gradually embraced her character through rhythm work and chorus speaking. By the final performance, A delivered her lines with confidence and poise. Her mother shared, “ve never seen her so

Feedback

Feedback in post-show evaluation from parents and carers

It was beautiful to see all the young people invest in the various folktales. We had a real range of ages, which

Immediate Theatre facilitator

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3. Theatre Exchange Community Tour Off the Cuff

In November 2024, Theatre Exchange , our over 60s weekly drama group, launched a live tour with a new format. The cabaret-style show was created entirely by the cast of 16 supported by a professional director, musician, designer and stage manager.

This year we selected larger capacity venues and collaborated with local organisations which support older people to replicate Hackney’s Winter Warmer format, offering refreshments, advice before and after the show ~~.~~ The tour enabled diverse community groups and individuals to come together to access health and wellbeing services as well as entertainment. Five performances across Hackney, Enfield, and Newham reached 416 audience members.

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Impact

The Off the Cuff tour had a profound impact on participants, many of whom reported increased confidence, new skills, and a deep sense of community. The ensemble, ranging in age from their 60s to late 80s, including many with disabilities and lifelong health issues, embraced the creative process with enthusiasm and dedication.

The audience response was overwhelmingly positive. Of the 225 evaluation forms gathered

9 94% 4% rated the show as either 'excellent' or 'good'.

6 65% 5% reported rarely or never attending live entertainment,

Case Study: Achieving a Dream

B, aged 61, joined the group in January 2024 and expressed pride in being part of the ensemble despite mobility and health issues: Performing on the stage was my desire. I never imagined I would work with so many talented people

Feedback

Feedback in post-show evaluation from audience members

Feedback from participants aged 80 & 87

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4. Expanding our work into Newham

This year we have seen considerable growth in our activity beyond Hackney, particularly expanding our work in Newham across a range of projects.

Creative Connections

Creative Connections took sessions for over 60’s into Newham and Enfield, with short workshop series designed to suit the needs of the group including those with dementia and their carers using: dance, creative writing and visual arts as well as story sharing and drama. 100 Newham residents aged over 60 were engaged as participants with several becoming volunteers on the Voices of Change project.

We also brought the Theatre Exchange cabaret Off The Cuff to the Memorial Community Church in Newham, welcoming over 60 local residents and six health and wellbeing partner organisations.

The Newham Youth Comedy Project

This year, we are very proud to have delivered our first extended participatory youth programme in

Newham. The Newham Youth Comedy Project, led Youth Zone, was commissioned by Culture Within Newham. The initiative aimed to introduce comedy as a creative outlet for young people aged 11-17, fostering confidence, collaboration, and performance skills.

25 sessions were delivered between September 2024 and May 2025, including a half-term production week in February leading to a performance. In total 18 young people were engaged with a core group of five performing in the final showcase to an audience of 40 family and friends, and gaining AQA Certification. Seven participants attended a West End performance of The Play That Goes Wrong, including a backstage tour and Q&A with cast members. The group also performed their work as part of Social Action at Hackney Town Hall and were placed third.

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Impact

The Youth Comedy Project had an impressive impact on participants, fostering team work and the importance of group commitment:

Confidence - :- 100% 100% reported increased self-belief and confidence

Trust - :- 100% 100% said they learned to trust others

Pride - ‘- 100% 100% felt proud of their achievements

Teamwork - :- 80% 80% learned to collaborate and support others

Responsibility - '-60% 60% felt they had developed leadership skills

Case Study: From Shyness to Spotlight

C, aged 12 was initially shy and reluctant to perform but grew into a confident host for the final showcase. She was picked out by judges at the Social Action event who praised her for creating a great rapport with the audience. Her journey culminated in the decision to audition for their school production, a testament to the transformative power of creative engagement.

Feedback

Feedback from participants.

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5. Hackney Young Collective (HYC) Do You See Me?

Immediate Theatre’s Hackney Young Collective (HYC) is a brand-new initiative launched in July 2024. Led by Hannah Drummond, this pioneering project was designed to support young creatives aged 18-30 in exploring the full spectrum of theatre-making skills. From devising and writing to directing and performing, participants collaborated to produce a powerful new piece of theatre. The final performance at The Courtyard Theatre

With over 80 initial registrations, the project engaged 30 participants in workshops, 21 in rehearsals, and culminated in a final production with eight performers. Themes of isolation and chaos chosen by the group shaped the devised performance and gave a powerful insight into the experiences of young Londoners.

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Impact

production and provided a renewed sense of purpose. The Warwick Edinburgh mental wellbeing surveys tell us that:

Ability to make up their own mind - -71% 71% showed improvement

Feel closer to others - 171% 71% showed improvement.

We also used staff observations and post process evaluations to log change/ improvement in participants who completed the process:

Better understanding of the world of work - -- 100% 100%

Self-esteem and confidence - :- 86% 86%

Case Study: Overcoming Challenges

D, aged 26 joined HYC after the introductory sessions, immediately impressing staff with their skills and support for the group. However, early 1;1s revealed they were facing significant mental health challenges, including job loss, a breakup, and family trauma, which led them to consider stepping away. Recognising the need for extra support, Hannah invited D to join the Wellbeing Network and offered to be their mental health coach. When D experienced a major setback and had suicidal thoughts, Hannah maintained daily check-ins, encouraging gentle re-engagement with the group. In a powerful act of resilience, D chose to return and perform in the final show. Their journey demonstrates how creative, collective spaces can offer strength, belonging, and recovery. D is now thriving and will be directing three short plays on mental health themes at a well-known fringe venue in October 2025.

Feedback

Feedback from participants

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6. Social Action 2025 Open Your Ears

In 2025, Immediate Theatre continued our commitment to youth empowerment through the Open Your Ears social action programme. This initiative provided over 100 young people from our Estate-based Youth Theatre programme in Hackney and Newham with an opportunity to explore and address pressing social issues through creative expression. The young people chose to focus on themes of discrimination, mental health, social media, and gender equality. Work began in January with each group exploring ideas and choosing a theme.

We were proud to host a public showcase of the work in March at Hackney Town Hall enabling parents/carers and families to join us for the first time since covid. The evening was hosted by our

Youth Board and comprised eight youth theatre performances from young people aged 7-25, supported by special performances featuring Layyah, winner of BBC Three’s The Rap Game UK and our own talented volunteer, dancer, Joel Gibbons.

We are very grateful to Sheila Suso-Runge, Speaker of Hackney who had enabled us to use this magnificent space and acted as a judge, joined by the High Sheriff of Greater London, Millicent Grant KC (Hon), Kevin Stuart, Lisa Ogun, Andy Bryan, Marcy Cox and Tuffayel Ahmed. Judges assessed the groups’ creativity, teamwork and Social Action message. They were impressed by the passion and insight shown by all the young people and the quality and energy of the work.

The judges selected:

Senior Winner - Uplifting Me/We group, for their work on discrimination in schools

Kevin Stuart, Judge

Junior Winner - The Pembury Youth Theatre for their work on gender discrimination

Lisa Ogun Judge

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Impact

All our participants completed before and after surveys reporting the positive impact of the work. Confidence - :- 80% 80% reported an increased sense of self-belief and confidence. Sharing ideas - :-67% 67% re - ported feeling that they had been able to share their ideas Acting and theatre skills - '-65% 65% reported having increased their theatre skills

6 63 3 participants achieved AQA Accreditation in Exploring Social Issues Through Theatre. These form part of our ladder of accreditation enabling us to reward young people at different levels from entry point through to more experienced and confident performers.

Feedback

Social Action 2025 judges

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7. Audio Drama for Schools Rift

In March 2025 we launched Rift , Immediate

in response to the logistical and financial challenges of touring live productions. Written by multidisciplinary artist Abi Falase, Rift explores misogyny, privilege, and solidarity through the story of teenagers navigating complex social and online environments.

is available online for free for at least five years, making contemporary drama widely accessible to educators. To support classroom use, a comprehensive resource pack was created by an experienced drama teacher. Six short pieces written by the young women who informed the

Rift

Abi Falase describes her approach as: “| write what I like to call 'Feel Good Social Realism'. I wrap big political and societal discussions about everything from race and gender to faith and sexuality in pockets of comedy, because if you don't laugh,

to using the arts to address pressing social issues and empower young people. We hope this pilot will pave the way for future audio productions, expanding access to relevant drama across the UK.

The play was developed through a collaborative process involving young women from our youth theatres and schools. Outreach workshops and a dedicated young women’s writing group helped shape the narrative, ensuring the themes were rooted in lived experience.

The audio format was chosen for its accessibility and imaginative potential, allowing students to engage with the material flexibly and creatively. Rift

Feedback

Teachers involved in pilot workshops praised the project:

Teachers involved in pilot workshops praised the project

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8. Trips & Residentials Expanding Cultural Horizons

We believe that it is vital to support our participants to experience the wider cultural offer available in London through trips and residentials.

Youth Trips

Throughout the 202 ~~4 2~~ 5 year, the team facilitated a vibrant and diverse programme of 43 trips for young people. These trips provided invaluable opportunities for cultural enrichment, personal development, and community engagement.

they often describe them as a

give them opportunities to feel more independent, to build confidence, and to create memories that make them consistently highlight how these experiences open their minds to new p

Charmain Humphrey Participation Manager

Creative Connections

During 2024-2025, Creative Connections programme organised seven cultural outings for Theatre Exchange and Voices of Change participants for social interaction, skills development, peer to peer relationships and cultural enrichment. Many participants have followed up on this by inviting each other to events and shows increasing the impact of our work.

9. Awards 2024-25

We are proud that our work has been recognised through a number of awards. By engaging people who are normally excluded from the arts, we have empowered individuals to take their destiny in their own hands, while showing them that they belong and the arts are for people just like them.

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May 2024 Hackney CVS, Community Achievement Awards

We are extremely grateful to have received the HCVS Community Achievement Award,

as a reminder to why we do the things we do with such passion and vigour.

Throughout our journey we have remained true to our mission of making safe spaces for creative and questioning individuals to flourish, grow, and challenge the narrative. We couldn't be more elated to have won this award; however, deep down we, as an organisation, know we do not do the things we do for recognition, but for the amazing people we get to work with on a day-to-day basis.

exclusion and ensuring they have the tools to succeed.

During the pandemic, Charmain went above and beyond -personally delivering tablets, food parcels, and creative packs to over 80 households. Her efforts brought not only resources but also connection and comfort to families facing isolation.

In the past year Charmain has also served the Hackney community as Consort to the Speaker Councillor Sheila Suso-Runge, attending events and meetings and celebrating work in the community.

We are incredibly proud of Charmain and grateful for the love, strength, and leadership she brings to Immediate Theatre and the wider community. This award is a testament to her dedication.

This award thus not only signifies our achievement but also the resolve of those we work with, those who choose to show up even when the world tells in spaces and places they would not have thought them they shouldn't and those who find belonging possible before joining our programmes.

February 2025 - Love Hackney Lifetime Achievement Award

We are thrilled to celebrate that our Participation Manager, Charmain Humphrey, was honoured with the first Love Hackney Lifetime Achievement Award for her extraordinary dedication to the Hackney community. Charmain has been a driving force at Immediate Theatre for over 28 years, shaping lives through her unwavering commitment to young people and families ~~, p~~ roviding a beacon of hope, compassion, and creativity.

Charmain has led transformative work in Pupil Referral Units, supporting students at risk of

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February 2025 - Love Hackney Volunteer of the Year

We were delighted that Joel Gibbons was awarded Volunteer of the Year at the Love Hackney Awards. Over the past two years, Joel has shown unwavering dedication, volunteering four days a week across multiple youth theatre ~~s,~~ leading warm-up activities and teaching dance moves, supporting outreach and walk-overs.

Joel is not only a valued team member but also a role model in our SEND sessions, helping others build relationships and break down barriers. His journey from participant to volunteer has been inspiring, showing remarkable personal growth and a deep commitment to inclusion. Through projects like our Exposure and Breakout summer programmes, Joel has demonstrated a willingness to learn, lead, and uplift others.

inspiring

March 2025 Young Hackney, Junior Young Explorer Award

We are delighted to congratulate to Yasser Ilyas Saidani, winner of the Junior Young Explorer Award at Young Hackney.

Yasser’s journey has been one of remarkable personal growth, perseverance, and courage. Since joining our Pembury Youth Theatre group, he has shown inspiring dedication, overcoming initial hesitation and

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gradually becoming a vital part of the team. His consistent attendance and willingness to face new challenges head-on speak volumes about his character.

From stepping into a standout role in our pantomime to enthusiastically participating in events like the prom and commitment to engaging with others make him a true role model and a deserving recipient of this award.

April 2025 High Sheriff of Greater London Borough Youth Awards

Our congratulations also go to Corneil Mondesir, Kayden Hales, Nicholas Myers and Temiola Akinboye who were presented with awards by High Sheriff of Greater London, Millicent Grant KC (Hon).

Future Developments

During this year we have initiated a new business planning process to ensure that participants, staff and Trustees are all involved in shaping our future.

In 2025/26 we will focus on exploring new ideas and learning from others before developing a new formal business strategy from April 2028. In the coming year we are encouraging staff to visit other organisations and try new ideas to identify how we can develop and share our own practice.

We will be looking ahead to our 30[th] Birthday in October 2026 with a campaign to raise awareness of our work and its impact, deepen engagement, attract donors and volunteers and build our legacy.

With the completion of Voices of Change in July 2025 we will be considering how to develop our work with older people both through live activities in the community and by enabling them to make their voices heard through digital platforms.

Our young people aged 14-19 will be mounting a summer production exploring the real experiences of knife crim ~~e a~~ subject about which they feel passionate and which they hope to share with the wider community in the coming years.

Financial Review

The company continued to improve its financial resilience over the year, increasing, ending the year in a stronger position than we had expected midway through the year. Income increased to £707,839 with expenditure of £740,473. An operating deficit of £32,634 is higher than we had budgeted for the year, mainly due to spending restricted reserves brought forward from 2023/24. Fundraising is challenging with increased competition for grants. Many funders have reduced funds, particularly local authorities, and trusts and foundations are reviewing their criteria to reflect the financial climate and reduce the number of bids they receive. However, we have a robust fundraising strategy, exercise prudent cost control and regularly review income and expenditure targets when funding bids are unsuccessful. The ongoing support of our key funders and partners and reflects the hard work of the staff team and their commitment to Immediate Theatre and we are still able to develop ambitious new projects with a level of confidence in achieving funding targets.

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The London Borough of Hackney continued to provide a range of support. We successfully tendered to continue delivering our Connecting Young Hackney contract from November 2024 for three years, although the grant is at a lower level than the previous contract. The Infrastructure Grant for our holistic support of Hackney residents funded our work across several programmes and we also received funds to deliver workshops in local schools. Healthy Activities and Food grants enabled us to provide holiday activities for young people including a hot meal, as well as essential equipment for the projects.

Support continued from the Clinical Commissioning Group (CCG) via Mind in the City, Hackney and Waltham Forest for the Wellbeing Network as part of our Pathways to Employment programme. We also received a grant from Creative Newham for a comedy project in Newham. This meant overall income from local government made up 17.4% of total income, a reduction from 25% in 2023/24.

Income from Central and Regional Government through the National Lottery grew to £224,281, 31.8% of our total income, the highest amount for several years, due mainly to the Heritage Lottery funded Voices of Change project and the continuation of a multi-year grant from the Big Lottery Reaching Communities Fund for Estate based Youth Theatre (EbYT). Other lottery funding included an Arts Council grant towards the production of Rift and an Awards 4 All grant for our Theatre Exchange tour. We would like to thank National Lottery Players for their support.

Trusts and Foundations continued to be our largest source of income. Although income from Trusts increased to £302,079, the percentage decreased to 42.8% (45% in 2023/24). An additional 57,714 of Trust funding was brought forward from 2023/24.

The Coutts Foundation, Sanctuary, the Cooperative Fund, Foyle Foundation, Feeding Britain, King Charles III - based Youth Theatres (EbYT), together with the Jack Petchey Foundation who, alongside their Achievement Awards, also provided funds for an Intern to support our Youth Theatres.

The Angus Lawson Memorial Trust enabled us to continue to deliver Interactions for young people at risk of or (now called the Human Rights Fund); Harold Immanuel carried forward funds also supported Pathways to Employment . Henry Smith Foundation continued to support Pathways to Employment with two grants, along with Baily Thomas Charitable Fund, and Austin and Hope Pilkington Trust who supported the Indie Project .

Partnership funding for the Heritage funded Voices of Change project came from Aspers Good Causes Fund and Historic England, with a grant from DB Bartlett for work with older people contributing towards this work as well as Theatre Exchange . Theatre Exchange was also supported by grants from WG Edwards Charitable Fund and the West Hackney Parochial Fund and the second year of a two-year grant from the City Bridge Foundation. City Bridge also funded an Access Audit to assess our venue and identify the measures needed to improve accessibility. UBS continued to support Speech Bubbles along with funds carried forward from

26

IMMEDIATE THEATRE Report of the Directors (Trustees)

Year ended 31 March 2025

supported the development of our work for secondary schools on attitudes to girls, culminating in Rift audio drama and resource pack for secondary schools. A grant from HCVS allowed us to support a small community organisation.

Other income accounted for 8% of our total income, mainly due to a large donation from Jessica Nussenbaum. Other donations included income from a cake sale on behalf of EbYT , as well as regular donations through Givey and Benevity totalling 3.1% of our income. Income generation including delivering work in local schools, partnership for our Speech Bubbles programmes, holiday projects, attending voluntary sector leadership meetings and hiring out our rehearsal space totalled 1.8%. The remainder of other income included bank interest at 0.6% and Access to Work reimbursements at 2.5%.

We would like to thank all these funders and donors who supported our activities over the year.

The company ended the year with an operating deficit of £32,634 which includes a decrease to unrestricted reserves of £11,199 (comprised of £3,920 free reserves, £7,279 depreciation cost) to leave a closing balance in unrestricted reserves at the year-end of £224,127, of which £135,664 is free reserves and £88,463 designated reserves including tangible assets.

Reserves Policy

The total reserves of the company at the close of 24/25 are £240,437 (2023/24: £273,071). This includes free unrestricted funds of £135,664 (2023/24: £139,584), designated funds of £88,463 (made up £80,063 for new office building works and £8,400 towards work on staff wellbeing and developing creative projects) and restricted funds of £16,310 which must be spent on specific projects. It is the aim of the trustees to have ial statement, currently calculated at £150,172. These reserves will be used to safeguard against a temporary shortfall in income and any additional unforeseen costs. Trustees will continue to make prudent progress towards meeting the reserves target to ma

account for changing circumstances and identify the amount needed to reflect commitments and increased costs as well as the need for to support future work.

Board Development

Our board of eleven Trustees includes ex-participants and Hackney residents, who bring a range of expertise and lived experience. Led by the Chair Shekeila Scarlett, Trustees meet quarterly and hold additional meetings with our Youth Board, other User Groups and staff team to ensure that they are listening to and responding to their needs and ideas. A Finance Sub-committee, led by Treasurer Jack Wong, meets quarterly, reviewing financial performance, forecasting, financial controls and reserves, reporting all proceedings to the full Board. A Personnel Sub-committee, led by Shekeila Scarlett meets to discuss staff salaries as needed. We have also identified named roles for Trustees leading on Safeguarding (Gifty Green) and Equalities, Diversity and Inclusion (Suzanne Gorman).

27

IMMEDIATE THEATRE Report of the Directors (Trustees)

Year ended 31 March 2025

In February 2025 the Trustees joined representatives from our younger and older participants to discuss what they saw as priorities for the organisation. The session enabled the different groups to work together to explore new ideas which will influence our plans.

We were very sad to say goodbye to Lisa Oguntoyinbo who has served as a Trustee since 2011. We recognise that a number of Trustees have now served for many years and are looking to stand down in the coming year. We therefore initiated a recruitment drive and conducted a very through process of interviews and group meetings involving staff and trustees before appointing four new Trustees in July 2025.

In the coming year under the leadership of Shekeila Scarlett we are looking to increase engagement between Trustees and operational staff outside of quarterly meetings, ensuring that the Board feel fully engaged with all aspects of the organisation and clear about their leadership role.

28

IMMEDIATE THEATRE Report of the Directors (Trustees)

Year ended 31 March 2025

Staffing

Artistic Director Jo Carter General Manager Suzy Smith Participation Manager Charmain Humphrey Schools Coordinator Kyarna Morris Pathways Coordinator Hannah Drummond Producer (Voices of Change) Tamsin Hughes Creative Connections Coordinator Tiziana Silvestre Administrator James Creighton-Goode Marketing Officer Devere Mahbeir Production Assistant Carina Vogelsberger Projects Leader (PT) Deane Dixon-Foster SEND Coordinator (PT) Gavin Dent Youth Programmes Coordinator Sofia Zaragoza (until December 2024) Youth Projects Assistant (Jack Petchey) Fynn Williams (until March 2025)

Peer Facilitators - Kareen Davies, Charles Williams Paterna Puertas, Besart Katrati, Mary Basuamina, Montel Pemberton

Cleaner Fadumo Abdi Sheikhdon

Freelancers

We work with a selection of regular freelancers who contribute significantly our work: Katrina Duncan supports our fundraising and bid writing, Daniella Santos and Deji Adeoshun are regular facilitator for our youth projects Charlotte MacRae has been a long-term contributor to our Speech Bubbles work, Sue Elliott-Nicholls is the host of the Hackney and Newham History Social Club Penny Cliff has been facilitating the Theatre Exchange group since 2017. Ben Moss of Fleeting Images for photography and film work.

Short term freelancers include:

EbYT/Youth Projects Gina Theodotou, Kevin Stewart, Sheila Suso-Runge.

Pathways Martha-May Corton, Vale Infanta, Rhy Blackett-Codrington.

Voices of Change Raju Vaidyanathan, Nathan Gibson, George Fogarty, Des Blake, Justin Marosa, Sema Çiçek, Aga Rolkiewicz, Morgan Elliott, Maria Christodoulou, Marilyn Fontaine, Spencer Elliott, Brandon Bendell, Ryan Jones, Chris Hayes, Beth Crosland, Becky Lamb Pritchard.

Theatre Exchange Katy Schutte, Danielle Capretti, Teresa Hare Duke, Melanie Hering, Neesha Badham, Matei Tolescu, Roshi Nasehi, Ashley Hodgson, Pip Nash, Ruth Pownall.

29

IMMEDIATE THEATRE Report of the Directors (Trustees)

Year ended 31 March 2025

RIFT Abi Falase (Writer, Director of Audio version), Eva Sampson (Director), Eddie Latter (Company Stage Manager), Charlotte Espiner (Designer), Roly Botha (Sound Designer), Phoebe Stapleton (Movement Director), Pia Rose Scattergood- (Folio/Spot Effects), Taiwo Ava Oyebola (Production Assistant), Kayode Gomez (Sound Engineer/Designer), Safi-Veliora Omar (Actor), Nicky Dune (Actor), Simran Bhandari (Actor), Jordan Whitby (Actor), Déja Bowens (Actor), Ashling Edward O'Shea (Actor), Tom Victor (Actor), Mo Bangura (Actor).

We are immensely grateful to the staff team for their commitment to the organisation. We were pleased to be able to increase salaries in April 2024 in line with Joint National Council (JNC) recommendations providing a flat rate increase of £1,925 rather than a percentage increase. We hope to implement the new JNC recommendation during 2024/25. We were very sad to have to lose Sofia Zaragoza in December due to reductions in the Young Hackney contract, otherwise the team has remained stable.

Directors (Trustees) Responsibilities

The Trustees, as set out on page 4 (who are also the directors of Immediate Theatre for the purposes of accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain 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 charitable company and hence for taking reasonable steps for prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information and dissemination of financial statements may differ from legislation in other jurisdictions.

30

IMMEDIATE THEATRE Report of the Directors (Trustees)

Year ended 31 March 2025

Limited Liability

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.

Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due

young people in London, particularly those from disadvantaged backgrounds and provide them with opportunities to participate in a range of musical activities.

Independent Examiners

Simpson Wreford LLP., were appointed as Independent Examiners during the year and have expressed their

willingness to continue in that capacity.

The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of directors (trustees) on 28 October 2025

-----------------------------------------

S Scarlett

Director (Trustee)

31

IMMEDIATIE THEATRE

To the Trustees of Immediate Theatre for the Year Ended 31 March 2025

I report to the Charity Trustees on my examination of the accounts of the company for the year ended 31 March 2025, which are set out on pages 33 to 45.

Responsibilities and Basis of Report

its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the accounts as carried out under sectio examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent E

Report

section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those accounting records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Kate Taylor FCA For and behalf of Simpson Wreford LLP, Chartered Accountants Institute of Chartered Accounts in England and Wales Wellesley House Duke of Wellington Avenue London, SE18 6SS Dated: 27 November 2025

32

IMMEDIATIE THEATRE

Statement of Financial Activities (including Income and Expenditure Account)

Year ended 31 March 2025

Notes
INCOME
4
Donations and legacies
Charitable activities
Investment income
Other income
TOTAL INCOME
EXPENDITURE ON:
6
Raising funds
Charitable activities
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
Restricted
Funds
Total
funds
Total
funds
2025
2024
£
£
£
£
44,256
607
44,863
9,155
67,134
573,612
640,746
581,806
4,498
-
4,498
4,080
17,732
-
17,732
20,181
133,620
574,219
707,839
615,222
6,695
-
6,695
7,847
138,124
595,654
733,778
685,440
144,819
595,654
740,473
693,287
(11,199)
(21,435)
(32,634)
(78,065)
-
-
-
-
(11,199)
(21,435)
(32,634)
(78,065)
235,326
37,745
273,071
351,136
224,127
16,310
240,437
273,071

The results for the year derive from continuing activities, and there are no other gains or losses other than those shown above.

The notes on pages 36 to 45 form part of these financial statements.

33

IMMEDIATIE THEATRE

Balance Sheet as at 31 March 2025

Notes
Fixed Assets
Tangible assets
8
Current Assets
Debtors
9
Cash at bank and in hand
Creditors
Amounts falling due within one year
10
Net current assets
Total net assets
The Funds of the Charity
11
Unrestricted Funds
Unrestricted Funds - Designated
Restricted Funds		 80,063
45,604
157,658
203,262
(42,888)
160,374
135,664
88,463
16,310
240,437
2025
240,437		 87,342
67,267
155,741
223,008
(37,279)
185,729
139,584
95,742
37,745
273,071
2024
273,071

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476

These financial statements have been prepared in accordance with the provisions applicable to companies

The financial statements on pages 36 to 45 were approved by the Trustees on 28 October 2025 and signed on their behalf by:

S Scarlett

Company Number 03272271 (England &Wales)

34

IMMEDIATIE THEATRE

Statement of Cashflows

For the year ended 31 March 2025

Notes 2025
£		 2024
£
Cash used in operating activities
Net cash provided by/(used in) operating activitie
15
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash provided by/ (used) in investing activities
(Decrease)/Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year		 (2,581)
4,498
-
4,498
1,917
155,741
157,658		 (119,895)
4,080
-
4,080
(115,815)
271,556
155,741

35

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

a) Company Information

Immediate Theatre is a company limited by guarantee incorporated in England and Wales and registered as a charity with the Charity Commission. The registered office is Unit 1, Sidings House, 10 Andre Street, London, E8 2AA.

b) Basis of Accounting

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 (FRS102) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

The effects of events relating to the year ended 31 March 2025 which occurred before the date of approval of the financial statements by the Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2025 and the results for the year ended on that date.

Immediate Theatre meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

c) Going Concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

d) Fund Accounting

36

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

1. Accounting Policies continued

e) Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

f) Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

g) Fixed Assets

Fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

It is the policy of the company to provide depreciation at the following annual rates in order to write off each asset over its estimated useful economic life. The following rates of depreciation have been applied throughout the year.

37

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

1. Accounting Policies continued

h) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

i) Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

j) 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.

k) Financial Instruments

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derecognition of financial liabilities

cancelled.

l) Employee Benefits

received.

m) Retirement Benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

38

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

2. Related Party Transactions

No trustee (or persons connected with them) received any remuneration or benefits from the charity during the year. £95 of Trustee expenses were reimbursed.

3. Remuneration

The key management personnel of the charity comprise the Artistic Director and Participation Manager.

Remuneration of key management personnel 2025
£		 2024
£
Aggregate total 92,193 88,343

39

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

4.
Income
4.1
Income from donations and legacies
Donations
Jessica Nussenbaum		 Unrestricted Restricted 2025 Total 2024 Total
£
£
£
£
1,945
607
2,552
9,155
20,000
-
20,000
-
The Denis James & Brigid Catherine Clare Bartlett Charitable Trust 22,311
-
22,311
-
Grant income
Arts Council England
London City Airport Community
Merchant Taylor
Cooperative Grocery
Charles French Foundation
Big Lottery Fund: Reaching Communities
London Borough of Hackney- Young Hackney
London Borough of Hackney - Youth Women's Theatre
London Borough of Hackney - Infrastructure Grant
London Borough of Hackney - Black History
London Borough of Hackney - Discover Young Hackney
London Borough of Hackney - HAF free school meals
London Borough of Hackney
Hackney CVS and Young Black People's Mental Wealth Fund
Mind in the City, Hackney and Waltham Forest
Catch 22
Sanctuary Group
Southern Housing Group
Coutts
Angus Lawsom Memorial Trust
A New Direction - STEP Programme
Awards for All
Henry Smith Charity
City Bridge Trust
Jack Petchey
Skinners' Charity Foundation
Baily Thomas Charitable Trust
Vanguard Group
Heritage Lottery Fund
Historic England
Foyle Foundation
The Wickers Charity
UBS - Speech Bubbles
Harold Immanuel
Ironmongers
West Hackney Parochial Trust
Other small grants
4.2 Income from charitable activities
Earned income
Other income - Access to Work
Interest received		 -
27,500
27,500
-
-
-
-
3,000
-
-
-
5,200
1,842
-
1,842
1,098
-
-
-
2,000
-
50,126
50,126
50,126
-
56,393
56,393
65,000
-
-
-
10,000
1,800
18,000
19,800
19,800
-
-
-
450
-
-
-
5,000
-
5,940
5,940
5,223
-
-
-
11,000
4,000
-
4,000
-
-
25,397
25,397
29,791
-
13,000
13,000
-
-
4,000
4,000
8,094
-
10,000
10,000
-
38,500
-
38,500
38,500
-
15,480
15,480
-
-
-
-
5,000
-
18,440
18,440
-
-
61,800
61,800
61,100
4,332
50,000
54,332
50,000
-
24,128
24,128
3,400
-
10,000
10,000
-
-
5,000
5,000
-
-
-
-
30,000
-
128,215
128,215
85,310
-
6,000
6,000
-
-
8,300
8,300
-
-
-
-
25,000
-
18,893
18,893
24,325
-
-
-
20,000
-
-
-
3,065
-
10,000
10,000
11,000
-
7,000
7,000
-
16,660
-
16,660
9,324
17,732
-
17,732
20,181
4,498
-
4,498
4,080
133,620
574,219
707,839
615,222

40

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

5. Income by activity

Interactions
Speech
Bubbles
Theatre
Exchange
Can I Walk
in your
Shoes?
based
Youth
Theatre
Pathways to
Employment
Heritage
Lottery
Other
income and
donations
2025 Total 2024 Total
£
£
£
£
£
£
£
£
£
Donations
-
-
17,769
-
1,100
5,061
-
20,933
44,863
9,154
Grant income
16,250
18,893
96,751
27,500
231,958
70,886
151,715
10,133
624,086
572,481
Charitable activities
1,250
2,400
250
-
9,175
-
-
3,585
16,660
9,324
Other income
-
-
-
-
-
-
-
22,230
22,230
24,261
17,500
21,293
114,770
27,500
242,233
75,947
151,715
56,881
707,839
615,220		 Interactions
Speech
Bubbles
Theatre
Exchange
Can I Walk
in your
Shoes?
based
Youth
Theatre
Pathways to
Employment
Heritage
Lottery
Other
income and
donations
2025 Total 2024 Total
£
£
£
£
£
£
£
£
£
Donations
-
-
17,769
-
1,100
5,061
-
20,933
44,863
9,154
Grant income
16,250
18,893
96,751
27,500
231,958
70,886
151,715
10,133
624,086
572,481
Charitable activities
1,250
2,400
250
-
9,175
-
-
3,585
16,660
9,324
Other income
-
-
-
-
-
-
-
22,230
22,230
24,261
17,500
21,293
114,770
27,500
242,233
75,947
151,715
56,881
707,839
615,220

6. Expenditure

6.
Expenditure
Basis of
6.1
Charitable activities
Staff costs
Depreciation and impairment
Other project costs
Support costs		 2025
Total
2024
Total
support cost
allocation
492,547
405,972
7,279
7,279
230,557
266,137
Trustee expenses
Accountancy		 95
456
Governance
3,300
5,596
Governance
6.2
Raising funds
Fundraising costs
Total expenditure		 733,778
685,440
6,695
7,847
740,473
693,287

41

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

7. Staff Costs

Staff costs for the year were as follows:
2025
£
Salaries and wages
440,786
Social Security costs
42,642
Staff pension costs
9,119
492,547
The average number of staff employed during the year, was as follows:
2025
18		 2024
£
369,073
29,357
7,542
405,972
2024
17

There were no employees whose annual income exceeded £60,000.

8. Tangible Fixed Assets

Fixtures &
Fittings
New
Office -
Designate
d
New Office -
Restricted
Cost
At 1 April 2024
1,740
82,850
19,050
Additions
-
-
-
At 31 March 2025
1,740
82,850
19,050
Depreciation
At 1 April 2024
1,740
11,836
2,722
Charge for year
-
5,918
1,361
At 31 March 2025
1,740
17,754
4,083
Net Book Value
At 31 March 2025
-
65,096
14,967
At 31 March 2024
-
71,014
16,328		 Total
103,640
-
103,640
16,298
7,279
23,577
80,063
87,342

42

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

9. Debtors

Trade debtors
Accrued income
Prepayments
Other debtors		 2025
£
24,848
11,213
3,290
6,253
45,604		 2024
£
31,162
23,125
6,727
6,253
67,267

10. Creditors: Amounts Falling Due within One Year

Trade Creditors
Accruals
Deferred income
Other creditors
Social security and other tax		 2025
£
-
18,888
13,113
1,975
8,912
42,888		 2024
£
3,620
3,168
19,191
2,260
9,040
37,279

11.Movement in Funds

Restricted funds
As at 1
April 2024
Interactions
8,750
Speech Bubbles
3,724
Pathways to Employment
-
Estate-based Youth Theatre
-
Newham Estate-based Youth Theat
-
Theatre Exchange
-
Heritage Lottery Fund
-
Can I Walk in your Shoes?
25,271
37,745		 Restricted funds
As at 1
April 2024
Interactions
8,750
Speech Bubbles
3,724
Pathways to Employment
-
Estate-based Youth Theatre
-
Newham Estate-based Youth Theat
-
Theatre Exchange
-
Heritage Lottery Fund
-
Can I Walk in your Shoes?
25,271
37,745
Income Expenditure
Transfers
As at 31
March 2025
16,250
(24,422)
-
578
18,893
(22,617)
-
-
75,886
(75,886)
-
-
179,225
(175,206)
-
4,019
13,000
(11,800)
-
1,200
96,750
(88,200)
-
8,550
146,715
(144,752)
-
1,963
27,500
(52,771)
-
-
574,219
(595,654)
-
16,310
-
Unrestricted funds
Core
Designated funds
Home for Immediate Theatre
Staff wellbeing
Total funds		 139,584
87,342
8,400
95,742
273,071		 133,620
(137,540)
135,664
-
(7,279)
80,063
-
-
-
8,400
-
7,279
-
-
88,463
707,839
(740,473)
-
240,437

43

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

12. Material Funds During the Year

Estate-based Youth Theatres:

After school and holiday drama projects delivered in areas of high deprivation for young people aged 5-1 9.

Speech Bubbles:

Supporting children in KSl to develop their speaking, listening and attention skills, franchised from London Bubble.

Theatre Exchange:

Drama project with people over the age of 50 delivered to prevent isolation in the community, including intergenerational activities.

Can I Walk in Your Shoes:

Using a combination of theatre and film to shed light on the social injustices young people still experience and help them to identify a future that has purpose and prosperity.

Pathways to Employment

Creative programmes and employability workshops and one-to-one support for participants who face barriers to employment including the long-term unemployed.

Designated Fund ~~s H~~ ome for Immediate Theatre

This represents the grants received to fund the new office leasehold improvements cost, the grants were restricted in nature and spent on assets that have been capitalised on the balance sheet. The fund balances have been transferred to designated funds to enable future depreciation charges in relation to these costs to be accounted for separately and not to confuse the reserves with free unrestricted reserves.

13.Leasing Agreements

At the reporting end date the charity had outstanding future commitments for future minimum lease payments under operating leases as follows:

Whilst the lease is 15 years long, it is cancellable after 2, 5 and 10 years.

2025 2024 £ £ 112,554 37,518

14.

The members' liability is limited by guarantee.

The members guarantee that in the event of a winding up of the company each member will contribute such amounts as may be required, not exceeding £1.

44

IMMEDIATE THEATRE Notes to the Financial Statements Year ended 31 March 2025

15. Reconciliation of net movement in funds to net cash flow from operating activities.

Net movements in funds
Add back: Depreciation
Add back: interest received
(Increase)/decrease in debtors
(Decrease)/increase in creditors		 Net movements in funds
Add back: Depreciation
Add back: interest received
(Increase)/decrease in debtors
(Decrease)/increase in creditors		 2025
£
(32,634)
7,279
(4,498)
21,663
5,609		 2024
£
(78,065)
7,279
(4,080)
(31,801)
(13,228)
(2,581) (119,895)

45