Company Registration No. 02060996 (England and Wales)
Registered Charity No. 1062085
Hackney Empire Limited
Trustees. report
and financial statements
for the year ended 31 March 2021
1,11
¢AAHIKOHN*
1811112021
COMPANIES HOUSE
#56

Hackney Empire Llmited
Contents
Page
Legal and administrative information
Irision. Mission & Values
Tru51ee5' report
4-12
Independent auditors, report
13-16
Ststemeni of financial actmties
17
Balan¢e sheet
18
Cash flow statement
19
Noies ta the finamal staternents
20-36

Hackney Empire Limited
Legal and administrative inftsmiation
'Constitutlon
Hackney Empire Limited is a company limited by guarantee, not
having a share capital. The company is a re8lStered Charity governed
by its Memorandurn and Articles of Association.
Objects
The companV5 main objects. as set out in the Artides, are to advance
public education and appreciation of the arts and to provide the
theat￿ facility for recreation and leisu￿ time occupation in the
interests of social welfare wrÉh the objert of improving the conditions
of lrfe, particulèrly of the inhabitants of the London Borough of
Hackney.
Organisation
The board ofd1rect0￿ ofthecompany andthe sub-committees have
overall responsibilty for the running of the company. Through
regular board meetings and sulFcommittee meetings the direttors,
who are the Trustees for the Charity, advise the management of the
company. in particular on strategy. The Board appoints a Chief
Executive who is responsible for policy and day to day management
of the Charity.
Hackney Empire Limited has a wholly own subsidiary company.
Hackney Ernpire Trading Limited. This company was formed to
generate commercial income at Hackney Empire for the benefit of
the parent company to which rt grft aids any proffts made.
Board of dirertors
Delphine Brand
Roger Wooffe
Karin Gartzke
Sean Gascoine
-Jay Sheth
Mark Hèrwood
Matthew Roeser
David Adams
Richard Etienne
Ichairl
(appointed 23 March 20211
lappointed 23 March 20211
lappointed 23 March 20211
lappointed 23 Mafch 20211
All directors are appointed in accordance wtth the Articles of
A5SOCiation. Except where indicated. the direLtors I￿ted served
throughout the year and up to the date of this report.
d8el

Hackney Empire ￿rnited
Legal and administrdlive inforrnatlon (continued)
Finance Committee
Delphine Brand
Roger Wooffe
Mark Harwood
Matthew Roeser
David Adams
Executive Oirector I
Company Secretary
Artistic Director
Jo Hemmant
Yamhn Choudury
Other principal tsffi¢ers
Technical Manager
Head of Programme
Head of Development
Othman Reid
Jane Walsh
Elly Rothnie
Company number
02060996
Charity number
1062085
Registered office
Hackney Empire
291 Mère Street
London
E8 IEJ
Auditors
Saffery Charnpness LLP
71 Queen Vittoria Street
London
EC4V 4BE
Bankers
Barclays Bank PLC
27 Soho Square
London
WID 3QR
A¢countants
EPIC Investment Partners
Audrey House
16-20 E￿ Place
London
ECIN 6SN
Connerted tharitie5
Hackney Empire Limited is connected with the Hackney Empire
Preservation Trust, which owns the theatre building. Hackney Empire
Limrted benefits from the continued occupation of this property at a
peppercorn rental
Page 2

Hackney Empire Limited
Vision, Mission & Values
Transform
tive-Re
esentative-Access(ble- Radital- In5
inn
Vision
We believe that everybody should have the opportunity to experience the Singular￿ transformative power
of great Arts & Culture, and we will do everything we can to create vital access for all.
Mission
Hackney Empire will present a programme that is extraordinary, challenging and profound, celebrating the
richnes5 of local. national and international Arts & Cutture. We will nurture and platform the unheard and
the unknown. to encourage and share excellence in all its forms.
Values
Extraordinary Arts & Culture can be created by all people. anywhere.
The translomiative impart of Arts & Culture, in all ts forms. should be accessible by all. We have
the opportunity to affert how we view others. our environment. our society and ourselvès.
We want ignored and overlooked voices to be heard. bolated communities to be engaged and ideas
to be recognlsed and responded to.
Young people from all backgrounds will alvmys have a-home at Hackney Empire and our
community will always be at the heart of how we think and how we work.
We want to entertain and provoke. We want to fa￿ difficult truth5. confront prejudice, embra
new ideas, and share stories.
We want to work with others to create high*ualtty, innovatNe and powerful programme.
Pa8e 3

Hacknèy Empire Limited
Trustees. Report
For the year ended 31 Marth 2021
The Trustees present their report and financial statements for the year ended 31 March 2021.
The finantial statements comply with the Charities Act 2011, the Compan￿5 Art 2006, the Memorandum
and Articles of Association, and the Statement of Recommended Practice incorporating the Financial
Reporting Standard 102- SORP IFRS 1021.
Objectives and Activities
Hackney Empire Limited, Ihenceforth Hackney Empire or HELI seek5 to develop and maintain Hacknev
Empire Theatre as a leading arts and performance centre irt London serving the widest possible range of
audiences. Embracing b()th local and global communities of artists and audiences, it is determined to
nurture and present work that is at once extraordinary, inclusive. inspirational and transfomative.
Hackney Empire has a legacy a5 a cultural beacon and safespace, which annually, in normaltimes, welcomes
over 2CK),000 audience mernbers 3n audience that fully refletts the incredible diversity and vibr3ncy of
LonL4on's communitie5. For decade5 Hackney Empire has been regarded as a vttal and exceptional platform
for Black creatwes, artists and audiences, and has a proud legacy of supporting marginalised and isolated
volces. This legary continues to thi5 day as a ￿ntral elernent of the organisation's manifesto. As well as
entertaining, educating and inspiring hundreds of thousands of peop￿ each year through its artistic
programme, Hackney Empire is a dedicated developmental space forthousands of young people everyyear,
safe and welcoming nexus for a modern Society, which b5 drÉven by our CreatNe Futures programme.
Driven by core values of quality, access. representation. participation and engagement. Hackney Empire will
once again. following ihe Coronavirus pandernic, become a creatNe hub and a principal national and
international cultural destiiation for the widest range of audiences. Key to this aspiration is the exceptional
work presented on our main stage or in ourworkshop spaces, togetherwith the sector leading development
and participation work carTied out at Hackney Empire and throughout East London.
The safe space we provide to communicate. share. learn. confront and challenge ￿ now more important
then perhap5 ever before.
Achievements
This has been an extraordinary year for Hackney Empire as we have navigated our path through the
Coronavirus global pandemic. Through the support of our existing partnerships and loyal supporter5 and
the development of new relationships, we have been able to continue and extend our artivtty, where
P055ible within the pararneters of Coronavirus re5trKtions. This is particularly so for our work with young
people, where our inf(ial response was to move to an online programme. We continue to be leading the
arts anil cutture sector in terms of our diverse team and our commitment to representatton and inclusion.
Page 4

Hackney Emplre Limited
Trustee5' Report Icontinuedl
For the year ended 31 March 2021
We are proud to be a leading example of thi5 level of engagement and inclusivty and to reflectthe borough
in which we sit both on our stages and within our team.
Our c￿atiVe Futures team worked with hundreds of young people. not onty delivering a fijll development
and participation programme. but also becoming a frontlTrne service to assist young people from across East
and North London, their carers 3nd their families to a￿sS much needed aid and resourte5 in the
uncertainty that prevailed.
During the early stages of lockdown, the InC￿dIble success of the Crowdfunder and of the Mayor of
London's Pay it Forward scheme saw supporters raise over £130,tWJO. underlinin8 the significance of the
organisation to its community. Perhap5. even more 5ignrficant, werethe messages of support ￿ceiVed from
the individuals that contributed and the generosity of Esmeé Faimbairn Foundation, Garfield Weston
Foundation. the London Communtty Response Fund and Backstage Tnjst.
J.
ARTS & CULTURE
.. lyjijk ￿.
P•8e 5

Hacknèy Empire Limited
Trustees. Report Icontinuedl
For the year ended 31 MaTch 2021
Hackney Empire enters 2021 with a renewed energy and sense of urgency. As cystodians to one of the
countrfs most beautrfuS, diverse and important stages. we remain tommitted to excellence, ac￿55 and
representation. wrih development of artists, audiences and young people at the very centre of everything
we do. We will lead crucial ehan8e Whe￿Ver possÉble and will seek to collaborate with others to ensure
that the transforn)ative effects of Arts and CU￿Ure can be experienced by all.
Community. Creative Learning & Participation
Hackney Empire CreatNe Futures programme is the leading provider of arts and culture engagement for
young people in Hackney, working wrth over 4,000 young people annually from some of East and North
London's most rnarginalised communrf(ies. In 2019. 48% of young people in Hackney were living below the
poverty line. up frorn 41.3% in the previous year. Each year we provbde over 800 hour5 of engagement
across more than 50 projerts. The programme 15 designed to remove barriers to access. build confidence,
raise aspirations and tacklesocial exclusion. 9YA of participants are from Black, Asian and Ethnicalty Diverse
backgrounds and 15% identify as havin8 a d￿bilIty or special need.
In 2020, CreatNe Futures wa5 swift to adapt to lockdown. delNering an online programme of workshops,
panel discussions and masterclasses in everything from script writing to social media management.
Resource5 were also dNerted Whe￿Ver possible to support young people, their carers and families who
may have become more vulnerable. Many were experiencing increased deprivation or could not access vitsl
Se￿iCe5 due to lockdown and the overcapacity of social and youth serwTrces.
For overten years we have been workingwlth the vulnerable and at-ri5k, Hackney Empire and the Creative
Futures programme continue to play a vrtal role in rebuilding the confidence and well-being of the young
communities and audiences we serve. Post-pandemic we have reintroduced the idea of collective social
wellbeing and safe spaces using arts and culture as a tool to unlock young people's imaginations and to
create vttal inteNentions wherever p¢)ssible.
Pantomime
The groundwork for our acclaimed pantomime 2020 was in place by March 2020. However, it quickly
became clear that it would not be possible to proceed within the CDnstraints of govemment restrictions and
potential social distancing. Therefore, in line with many other theatres, we took the sa(1 decision to
postpone the production of Jack aftd the Beanstalk to 2021. We were heartened by our audience loyalty.
and are now looking forward to weltoming audiences through our doors to See lack and the Beanstalk from
November 2021.
Fundraisin
The Board gratefully acknowledge5 the valuable continuing support from all tts major stskeholders (Arts
Council England, London Borough of Hackney, the Esmée Fairbairn Foundation. Garfield Weston. Backstage
Trust and Children in Need) as well as an increasing number of individual donors and friends.
Page 6

Hackney Empire Limited
Tru5tees' Rem (continued)
For the yearended 31 March 2021
HEL is a National Portfolio Organisation of the Arts Council and benefits from an annual grant of £375.295.
The current four-year National Portfolio grnnt period has been extended by one year due to the Coronavirus
restrictions and is now running until 2021122. The capttal pro8ramme of work of over £400,c￿0, fLrnded by
Arts Council England, has been completed. supported also by Backstage Trust, Theatre Trust and individual
patrons. This work completes the first phase of our plan to, amongst other things, improve our carbon
footprint
In total, £1,828,509 wa5 rai5ed from donations. tnjsts and foundations. gifts and legacles in 2020121
[£966,225 in 20191201. HEL operates within the code of fundraising practice set out by the independent
regulator of charitable fundraising in England and no complaints We￿ receNed in relatiorb to fundraising
activities to date. We are commrtted to being fully compliant with the laws and guidance underpinning
charitable fvndraising. We will not accept gifts or spon50r5hip from organisations or individuals whose
5UPPOrt of our activities we deem to be incon5iStent with our mission, vision and values. Our Vulnerable
AdU￿S and Safeguarding policies outline our code of practice by which we operate in relation to donations
from people who could be deemed as vulnerable. The policie5 provide a frameworkfor protertion to ensure
that donations are voluntary and that best prartice is adhered to.
Financial Review
2019120 was the first year that started to realise the promise of the ￿vISed Business Plan. Artistically the
programme reflected a broader and ever rn0￿ accessible line-up of incredTrble shows and events that
presented the best of contemporary and cla55ical culture: operationally the organisation grew, a General
Manager and Head of Development We￿ appointed- both significant roles for resilience and development,.
national partnerships g￿W au(liences and fvrthered the artistic offerfor our own communities. At the same
time, careful financial management resufted in a £150.895 surplus, setting firm foundations to allow us to
look to the future wfch confidence and aMbIt￿n. It is this stable plaffom), coupled with continued strict
fjnancial discipline, and support from our stakeholders. that has allowed us to survive the impact of the
Coronavirus pandemic since March 2020.
The group financial statements to March 2021 show an operating surplus on unrestricted funds of
£519,6911£525,602 5urplu$ 20191201. takin8the accumulated surplus on unrestricted funds to £1,268,389.
This healthy starting balance was essential as we faced a period of closure due to restrtctions imposed in
response to the Coronavirus pandemic starting in March. We benefrtted from support from our funders,
securing additional c0vid-￿1ated funding from the Mayorfs London Communtty Response Fund and further
support from Arts Council England. from the DCMS Culture Recovery Funds (administered by Arts Council
England). In addition, we have benefrtted frorn generous additional support from trusts and foundations,
providing incremental fijnding as well as relaxing conditions for existing grants in thi5 time of turmoil. We
also made full use of the governmenys Job Retention Scheme and continue to explore all avenues of
financial support.
From March 2020. we focussed our efforts on diversifying income streams, programming non-audience
based actNity in line wrch government restrictions. Leading into 2021 we invested in artists and the
PaEe 8

Hackney Empire Limited
Trustees. Report Itontinuedl
For the year ended 31 Marrh 2021
development of their pr3ttice and will be launching the Emerging CreatNe and Project Support Scheme,
designed to support and enable sector-wide access points for diverse and under-represented art15ts,
creative5 and their narratNes.
Hackney Empl￿ Trading Limited
A wholty-owned tradirE subsidiary, Hackney Empire Trading Limited IHETLI is in operation to generate
commercial income for the benefrt of the parent Charity (HELI. The company has three distinct areas of
activity '.
Firstly, it deals with commercial opportunities such as photo shoots and film work.
Secondly. it manages service contrnctswith third partysuppliersto run thetheatre cafe and catering
operation,
Finally, it atts as a produttK)n company producing commssioned pieces of theatre.
Whilst we have maxirnised this area of actNity. where possible, it has been hampered by the pandemic in
terms of film shoots and coThmercial bookin8s and our café and bars activity ceased throughout the enti
period. We tookthe opportunity to run the lheat￿ bars in-house on reopening and are currently recruiting
for a suitable suppliers forthe cafe.
In 2020121 HETLwa5 comrnissioned to producethe pantomimejgck andtheBegnstGlk. and will be claiming
Theatre Tax Relief of £5,￿5 in respect of this production. All of H￿L'S profits are gift-aided back to the
parent Charity under a deed of covenant. There is no contribution from HETLto HEL in 2020121 due to HETL
incurring aloss of £2,56712019120- contribution of £208,447).
Reserves Poli
The reserves accumulated afterthe success of 2019120 put us in a posrf(K)n to absorb losses of income which
occurred as a result of Coronaviru5. related restrictions and ultimately temporary closure. Having decided
to repurpose the designated building and arth5tic reserves during the pandemic, Trustees have decided to
reinstate the original designations in 2021. As at 31 March 2021. the group has free resetves of £1,193,389.
Given the exceptional year that we have beert operating in. and the fact that three months operatitsn costs
of the groizp are circa £380.LK)O. the Trustees believe this represents a prndent level of reserve5 to hold at
this point. The Trustees will continue to review the reserves policy going fO￿ard.
Goin
concern
The preparation and completion of the Trustees, Report and Financial Statements has, inevitably, been
impacted by the Coronavirus pandemic. Since the ck)sure of theatres in March 2020. the Board of Trustees
and senior team have been working on flexible plans, both operational and financial, for the continued
viability of the organisètion. We have been grateful for the support of Culture Recovery Funding and we
Currently remain confident aE(Jut our future. Our business plan and our model of operation allow for
flexibility and for us to take advantage of responsive programming. Our cash flows are produted regular
and are algned to the flexTble model. These plan5 are clearty dependent uport a variety and number of key
assumptsons.
Page 8

Hackney Empire Limited
Trustees, Report (continued}
For the year ended 31 March 2021
Plans for Future Perlods
We are in discussion with a series of new partners as well as maintaining exisiing ones, intluding a co-
production of Unexperted Twist with Royal & Derngate and the Children'5 Touring Partnership,. Michael
Rosen's much loved modern adaptation of OINer Twist as a musical farn1￿ drama- written by Roy Williams
with music by Conrad Murray of BAC Beatbox Academy.
Vanara, premiered as a new musical in Ortober: A revolutKJnary show set in a futuristic prehistory.
cornbining an original score wf¢h ftuid, cinematic storytellin& weaving together musical theatre.
contemporary dance, circus and muftimedia innovation.
The Autumn season also brought the repertoire of the English Touring Opera. who have built their tOLtring
schedule around their partnership with Hackney Ern￿re. this season performing Handel's opera Amadigi,
of his finest, though rarely perfomied.
Page 9

Hackney Empire Limited
Trustees. Report Icontinued)
For the year ended 31 March 2021
Governance
Ststement ol Trustee< responsibilltles
The Trustees (who are also directors of Hackney Empire Limited for the purposes of company lawl are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepa￿ financial statements for each financial year. which give a
tnje and fair view of the rtate of affaÉrs of the Char[tab￿ company and of the incoming ￿$Our￿ and
application of resources. I￿ludIng the income and expenditure. of the charitable company for that period.
In preparing Ihese financi81 statements. the Trustees are required to:
Selert suitable accounting policie5 and then apply them cOns￿tentIV.'
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent-
state whether applicable UK accounting standards have been followed. subject to any material
departures disclosed and explasned in the financial statements-
prepare the financial siatements on the going concern basis unless it 15 inappropriate to presume
that the Chartty wll continue in business.
The Trustees are reswJnsI￿e for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with Companies Act 2fK16. They are abo responsible for safeguarding the assets of
the charitable company and hente for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
In so far as each Trustee is aware..
there is no relevant audit information of which the charitable rompanvs auditor is unaware- and
the Trustee5 have taken all the steps that they ought to have taken as Trustees in order to make
themselves aware of any relevant audit information and to establish that the charitable company'5
auditors are aware of that information.
The Trustees confirm that in planning the activities of the Charity they have had due regard to the Charitv
Commission's guidance on public benefit, health and safety, due rjiligence sn relation to holding, receivin8
and moving funds safely, and in particular the guidance forfee charging charities.
Pa¢e 10

Hackney Empire Llmlted
Trustees. Report {continued)
Fortheyear ended 31 March 2021
Trustee induction
The Board Development Sub£ommittee meets through the year as required. Board member5 and senior
managers are able to make suggestions for new members when vacancies arise. These are considered.
against criteria which relate to areas of expertise and experience reqLli￿￿. The nominator provides the
sub-committee with a biography or CV of the nominee and the reason for the nomination. The sub-
committee contacts the nominee to inform them of the procedure. Where the sub-committee decides to
proceed the sub-committee meets the nominee with the Executive Director and Artistic Director. If the
response to this meeting is positive the sutrTrcommittee makes a proposal to the Board and further circulate
the approprlète Cvlsl. If the main Board agrees, the nominee 15 infomied and is sent an introductory pack
of recent Board papers. current strategic planning documents and a htstory of the theat￿. The nominee is
then invtted to the next Board meeting to observe ￿f0￿ formal appointment is made. There is a further
meeting with the nominee. the Chaim)an and the Executwe team which forni a part of the induction
process.
Remuneration of key management personnel
The pay of all staff is reviewed annually by the ExecutNe team with reference to UK industry norm5. The
remuneration of key management personnel is then revièwed by the Finante Committee.
Risk management
The Directors have examined the major strategic, business and operational risks that the company faces
ahd confirm that 5y5terns have been established so that the necessary steps can be taken to mitigate these
risks. The Board conduct5 an annual review of the risk re8ister which details the risks the Charlty may face.
The 8oard reviews the systems and procedures in place to mitigate those risks, advtses on improvements
and provides monitoring on a regular basis. The Board then ensures there is proper implementation of the
procedures with the objective of minimising any potential impact on the Charity should those risks
materialise.
The emergence of the Coronavirus pandemic and the measures implemented in response have exacerbated
the previously identthed risk of loss of key staff. which moved up to second highest of the identified risks.
Page 11

Hackney Empire Limited
Trustees, Report Icontinuedl
For the year ended 31 March 2021
The key risks as identified, and their mitigating factors were-
Risk
Mitigation
Forward planning to ensure best P055ible pro8ramme.
Plan marketing tycle to optimise income.
Ensure secondary spend offer competitNe.
Monitor cash flow.
External forces
IrecessiDnlpublic
Spending etcl impact
on business plan
Loss of key staff
Succession plannin&
Documentation of systems plan5 and projects.
Training programrnes.
Notice periods and handovers.
Recruitment process.
Inadequate reserves
Reserves policy to be linked to Business Plan, activities and identified
financial and operating risk.
Regular review of polic¥.
Building related
difliculties
Ensure maintenance and operations manuals a￿ sufficient and up to
date.
Implement appropriate maintenance strategy.
Make suitable financial provisions where possible to ensure effertive
rna1ntenan￿.
Auditors
A resolution proposing the re-appointment of Saffery Champness LLP as audrtors will be put to the Annual
General Meeting.
The Trustees, Report, whith includes the strategrc in accordance with the Companies Act 2CK)6. was
approveil by the boar(l of director5 on and signed on its behalf by:
Delphine Brand
Chair
09 November2021
Pa8e 12

Hackney Empire Limlted
Independent Auditoes Report to the Members for the year ended 31 March 2021
Opinion
We have audited the financial statements of Hackney Ernpire Limited Ithe'parent charitable companfl and
its subsldiaries Ithe'group'l for the year ended 31 March 2021 which comprise the Consolidated Statement
of Financial Activitves, the Group and Charity Balance Sheets. the Consolidated Cash flow statement and the
notes to the financial statements. including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and Unrted Kingdom Accounting
Standards. including Financial Reporting Standard 102, the Financial Reporting Standard applicable in the
UK and Republic of Ireland Iunited Kingdom Generally Accepted Accountin8 Practice).
In our opinion the financial statements..
gNe a true and fair view of the slate of the affairs of the group and the parent charitable company
as at 31 March 2021 and of the group's incoming resources and application of resources, including
its income and expenditure, forthe year then ended:
have been properly prepared in accordance with United Kingdom Generalty Accepted Accounting
Practice- and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance wfth InterThat￿naI Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the Auditors
responsibilities for the audit of the financial 5taternent5 section of our report. We are independent of the
group and parent charitable company in accordance with the ethical requirements that are relevant to our
audit of the financial statements in the UK, includ4ng the FRC5 Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We bel*ve that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
C'onclusions relating to going ¢oncem
In auditing the financial statements, we have concluded that the Trustees. use of the goin8 concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perforrned. we have not identified any material uncertainties relating to events
or conditions Ihat, indNidualty or collectively, may cast significant doubt on the grDUP or the parent
charitable company'5 ability to continue as a going concern for a period of at least twelve months from
when the financial statements are authorised for issue.
Our responsibilrties and the responsibilitÈs of the Trustees with respect to going concern are described in
the relevant section5 of this report.
Other information
The Trustees are responsible for the other information. The other information comprises the inforniation
included in the annual report, other than the financial statements and our auditorfs report thereon. Our
opinion on the financial statements does not cover the other inforn)ation and. eX￿pt to the extent
otherwise explicitly stated in our report, we do not express any fom of assurance coftclusion thereon.
Pa8e 13

Hackney Empire Limited
Independent Audhtorfs Report to the Members for the year ended 31 March 1021 (continued)
Our responsibility ￿ to read the other informalion and, in doing so, consider whether the other information
is materially inconsistent with the financial statements, or our knowledge obtained in the course of the
audit or otherwise appears to be materialw misstated. If we identify such material inconslstencies or
apparent material mi5Statement5. we are required to determine whether this gives rise to a rnaterial
misstatement in the financial statements theMse￿es. If. based on the work we have performed, we
contlude that there is a rnaterial mi5Stètement of this other information- we a￿ required to report that
fact.
We have nothing to report in this regard.
Other matters prescribed by the Companies Act 2(#
In our opinion, based on ihe work undertaken in the course of the audiE-
the information gNen in theTrustee5' Reportwhich includes the D1￿ctors. Report and the Strategic
Report forthe financial year for which the financial statements are prepared is ton51Stent with the
financial 5tatements- and
the Trustees, Report which includes the Director5. Report, and the Strategic Report has been
prepare¢J in accordance with applicable legal requirements.
Matters on which we are required to repL>rt by exception
In the light of the knowledge and understanding of the group and the parent Charrtab￿ company and theSr
environment obtained in the course of the audit. we have not identified material misstatements in the
Trustees, Report and Strategic Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 require u5 to
report to you if, in our opinion=
adequate accounting records have not been kept by the parent charitable company. or returns
adequate for our audit have not been received from branches not visited by us,. or
the parent charitable company financial statements are not in agreement with the accounting
records and returns: or
certain disclosures of Trustee5' remuneration specified by law are not made,. or
we have not recewed all the information and explanations we require for our audit.
Re5pon5ibilitie5 of Tru5tee5
As explained more fully in the Statement of Trustee5' Responsibilities. the Trustees (who are also the
directors of the parent charitable company for the purpose5 of company lawl are responsible for the
preparation of the financial statements and for beirtg satlsfied that they give a true and fair view, and for
such internal control as the Trustees determine is necessary to enable the preparation of the finantial
Statements that are free from material misst3￿Ment. whether due to fraud or error.
In preparing the financial 5taiements, the Trustees are responsible for assessing the group and the parent
charitable cornpany's ability to continue as a going concern, disclosin& as applicable, matters related to
going concern and USIngt￿ going concern basis of accounting unle5S theTrustees either intend to liquidate
PKe 14

Hackney Empiie Limited
Independent Auditorfs Report to the Members for the year ended 31 March 2021 Itontinued)
the group or the pa￿nt charitable company or to cease operations or have no ￿al￿tIC alternative but to
do so.
Auditorfs re5pon5ibilities forthe audit of the financial statements
We have been appointed as auditors under the Companies Act 2(K16 and report in accordance wrfih
regulations made under that Act.
Our objectives areto obtain reasonable assurance about whetherthe group and parent financial Statements
as 3 whole are free from material misstatement, whether due to fraud or error. 3nd to issue an auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee
that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when ri
exists. Misstatements can arise from fraud or error and are considered material rf, individua15y or in the
aggregate. they could reasonably be expected to influence the econom•c decisions of users taken on the
basi5 of these financial statements.
Irregularities, including fraud, are instance5 of non-compliance with laws and ￿gUlatiOns. We design
procedures in line with our responsibilities. outlined above, to detect material m￿statementS in respect of
irregularities, including fraud. The specific procedures for this engagement and the extent to which these
are capable of detecting irregularities, induding fraud are detailed below.
Identifying and assessing risks related to irregularttie5:
We assessed the Susceptibility of the group and parent charitable compan￿$ financial statements to
materlal misstatement and how fraud might occur. including through di5CUS5ions with the Trustees,
discussion5 Wlthin our audit team planning meeting, updating our record of intemal controls and ensuring
these controls operated as intended. We evaluated possible intentTves and opportunities for fraudulent
manipulation of the financial statements. We identified laws and regulations that are of significance in the
context of the group and parent ch3rstable company by discussions with Trustees and updating our
understanding of the sectors in which the group and parent Charitab￿ cornpany operate.
Laws and ￿gUlationS of direct significance in the context of the group and parent charltable company
include The Companies Act 2OJ6 and guidance issued by the Chartty Commission for England and Wales.
Audit response to risks identified=
We considered the extent of compliance with these laws and regulations as part of our audit procedures on
the related financial statement ttems including a review of financial statement disclosures. We reviewed
the parent charrtable company's records of breaches of laws and regulations, minutes of meetings and
correspondence with relevant authorities to identfy potential material mis5tatement5 arising. We
discussed the parent charitable CoMpan￿S policies and procedures for compliance with laws and
regulations with member5 of management responsible for compliance.
During the planning meeting with the audit team. the engagement partner drew attention to the key areas
which might invO￿e non-compliance with laws and regulation5 or fraud. We enquired of management
whether they were aware of any instances of non-compliance with laws and ￿gUlationS or knowledge of
any actual, suspected or alleged fraud. We addressed the risk of frèud through management override of
controls by testing the appropriateness of journal entries and identtfying any signrficant transactions that
were unusual or outside the normal course of bu5ine55. We assessed whether judgements rnade in making
accounting estimates gave rise to a possible indication of management bias. At the completion stage of the
audit, the engagement partnerfs review included ensuring that the team had approached their work with
Page IS

Hackney Empire Limited
Independent Auditorfs Report to the Mern￿rs for the year ended 31 Marth 2021 Icontinuedl
appropriate professional xepticism and thus the capacty to identify non-compliance with laws and
regulations and fraud.
There are inherent limitations in the audit procedure5 described above and the further removed non-
compliance with laws and regulations Es from the events and transactions reflected in the financial
statement5. the less likely we would become aware Of it. Also, the risk of not detecting a material
niisstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may
involve deliberate concealment by. for example, forgery or intentional misrepresentations, or through
collusion.
A further description of our responsibiltties is available on the Financial Reporting Council's website at:
www.frc.o
auditorsrÈs
nsibilities. This description fornis part of our auditorfs report.
Use Df our report
This report is made solely lo the parent charitable company's members, a5 a body, in accordance with
Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertaken so that we might
State to the parent charftable company'5 rnembers those matters we are required to State to them in an
auditorf5 report and for no other purpose. To the fullest extent permitted by law, we do not atcept or
assume resF)onsibility tL) anyone other than the parent charitable company and the parent charitable
tompanrfs members as a bjdy, for our audit work, forthis report, or forthe opinions we have formed.
Cara Turtington (Senior StAutory Auditorl
for and on behalf of Saffery Champness LLP
Chartered Accountants
Statutory Auditors
71 Queen Victoria Street
London
EC4V48E
Date..
Saffery Champne5s LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006
Pate 16

Hackney Emplre Limited
Consolidated ststement of financial activities
Iln¢luding income and expenditure account)
For the year ended 31 Marth 2021
Not
Unrestricted
Funds
2021
Total
2020
Totsl
funds
Income Irom:
Donètions, gifts, and lewaoes
Grants rÈtèivable
219.829
648.350
219,829
1.608.680
198,141
768,084
%0.330
Investment income
718
718
2,362
Intome from trading attivities
Incomefrom choritoble
octivifies
Income Irorn runnin6 theatre
64,575
64,575
359,630
7.892
7,892
1.918,408
Total Income
941.364
960,330
1,901,694
3.246,625
Expendlture on..
CDSt of rtrisingfvnds
Fundraising costs
Choritable tsrtivity
Cost of operation of the
theatre
35.021
35,021
51.729
392.557
1.235.955
L628,512
3.129,338
Total expenditure
427.578
1.235.955
1,663,533
3.181.067
Net ineomellexpenditurel
for the year
513.786
1275.6251
238.161
65.558
Corporation tax
li
5,905
5,905
85,337
Net movemènt in funds
519.691
1275.6251
244.066
150.895
Opening fund balances
748.698
.143.153
8.891,851
8,740,956
C105inKlund balances
17.18
1.268.3B9
7,867.528
9.135,917
8,891,851
There were no recognised gains and10sses otherthan the movements in funds shown above. All operations
are continuing.
The note5 on pages 20 to 36 form part of the financial statements.
P3Be 17

Haekney Empire Limited
Balance sheeis
As at 31 March 2021
Notes
Group
Charlty
2021
2020
2021
2020
Flxed assets
Tangible assets
Investrnents
7.8￿.397
8.279,183
7.800,397
8,279,183
7.800.397
8.279.183
7,800,398
8,279,184
Current assets
Debtors
Cash at bank and in hand
14
251.678
L513.815
373.874
890.106
288.391
1.499.727
378,424
832,454
1.765.493
L263.980
1.788.118
L210.878
Creditors.. Amounts falling
due within one year
15
1429,9731
16513121
1392.4181
1598,2111
Nèt current assets
1,335.520
612,668
1.395,700
612.667
Total assets less current
liabititles
9.135.917
8.89L851
9.196.098
8,891.851
Net assets
9.135.917
8,891.851
9.196.098
8.891.851
Represented by:
RestriCEed funds
17
7%67.528
8.143.153
7.867.528
8.143.153
Unrestrirted funds..
General funds
1.268.389
748.698
1.328.570
748.698
Totsl
19
9.135.917
8,891,851
9,196,098
8,891,851
The total income of the CharTty as an individual entity for the year was £ 1,869,97412020- £3,307,455) and
ils net income was £304,247 12020 - £150,897). A statement of financial artNlties for the Charity as an
Individual entity is not indu(Jed using the exemption gwen in section 408 of the Companies Act 2CM)6.
Approved by the Board of dirertors on 09 November 2021 and signed on its behalf.
Delphine Brand
Chair
Company nurnber 021)60996
The notes on pages 20 to 36 form part of the financial statements.
Page 18

Hackney Ernpire Limited
Consolidated cash flow statement
FOT the year ended 31 March 2021
2021
2020
Reconciliation of net ihcomellexpenditurel
to cash inflow from operating artiwtie5
Net incomellexpenditurel
Depreciation
Interest received
DecreaSe/linc￿aSej in debtors
IDecreasel/increase in creditor5
(excluding loans and finance leases)
244.066
649,760
(7181
122,196
150,895
631,544
12.3621
66,386
1221.3391
1271,2291
Net cash Inflow from operating artivities
793.965
575,234
Cash flows from investing artivitie5
Interest received
Payments to atquire tangible fixed assets
718
1170.9741
2,362
1217,8961
1170,2561
1215.5341
Change in cash and cash equivalents
623,709
359,700
Cash at l April 2020
8￿.106
530,406
Cash at 31 March 2021
1.513,815
890,106
Analysis of changes in net debt
At start of year120201
Cash.Ilows
At end of yeaT120211
Cash
8￿,106
623,709
1,513,815
Total
890,106
623.709
1,513.815
The notes on pages 20 to 36 form part of the financial statements.
Pay 19

Ha¢kney Empire Limited
Notes to the accounts
For the year endÈd 31 March 2021
l Atcounting po5icie5
Accounting convention
The finantial statements have been prepared under the historical cost convention. The accounts
Ifinancial statements) have been prepared in accordance with the second edition of the Statement
of Recommended Practice= Accounting and Reporting by Charities preparing their accounts in
accordance wrth the Financial Reportingstandard applicable in the UK and Republic of Ireland IFRS
1021 issued in October 2019 the Financial Reporting Standard app5icable in the United Kingdom
and Republic of Ireland IFRS 1021. the Companies Act 2CQ6 and UK Generally Accepted Prartice as
it applies from l January 2015.
The Charity constitutes a public benefit entity as defined by FRSIO2.
The financial statements a￿ prepared in sterlin& which 15 the funrtional currency of the Charity.
Monetary amounts in these financial statements are rounded to the nearest £.
Going ¢on¢em
In March 2020 the Wodd Health Organisation dedared Covid-19 a pandemic and the UK
government put in place regulations to SeVe￿1V restrict the f￿e movement of individuals and to
insist on the closure of all theat￿S and hosprf(ality venues. This has significantly impacted the
operations of the the3trÈ and our income from the date of closure. However, the Ch3rity has
benefitted from the Coronavirus Job Retention Scheme to mitigate ongoing staff costs, has put in
place tost savings. and remains in re￿Ipt of revenue grants and fundraising income.
As of 31 March 2021 the Charty has net current assets of £1,395,701 and for the year ended 31
March 2021 a Surplus of £579.872 was made on unrestricted fund5 leaving a surplus on
unfe51ricted funds of £1,328,570.
Therefore, at the time of approving the financial statements. the Trustees have a reasonable
expectation that the Charity has adeqijate resources to continue in operational existence for the
foreseeable fvture. Thus. the Trustees continue to adopt the going concern basis of accounting in
pre￿rIng the financial statements.
Income
Income from donations and grants, including caprtal grants, is included in incorning resources when
there 15 entitlement, probabilr(y of receipt and the amount can be measured with sufficient
reliability, unles5 Ihe donor has specrfied that the donation or grant relates to a future period or
that certain pre4onditK)ns must be fulfilled before use. In these cases. amounts retefved are
recognised in the relevant period or when the pre-conditions have been met and until then treated
as deferred income. Donations and grants for particular purposes are included in incoming
resources as restricted funds.
Production Intome is included in incoming resources in the period in which the relevant
perforniance take5 place. Income related to productK)ns in a subsequent period is treated as
deferred income.All other income is recognised on an accruals basis once the Charity is legally
entitled to Teceipt. All incoming resources are recorded net of VAT.
Poge 20

Hackney Empsre Limitsd
Notes to the accounts Itontinued)
For the yearended 31 March 2021
Expenditure
Expenditure is included in the Statement of Financial ActTVrties on an accnjal basis, intlusive of any
VAT which canTrot be recovered. Expenditure 15 recogni5ed when a liability is incurred.
Costs of raising fund5 are those costs incurred in attracting Voluntary income and those
incurred in the operation of trading attNities which raise funds.
Charitable activities include expendtture associated WTth the operation of the theatre and
such direct￿ associated activities as educational programmes. Cost of charitable activities
includes both the direct cost of activf(ies and related sUPPOrt costs.
Support costs include central functions and have been allocated to activity costs on a basi5
con51Stent with the use of resources. This is frequently on the basis of staff time spent in
each area trAJt other bases such as usage are also employed. Support costs abo include
Governance costs.
Governance costs include those incurred in the governance of the Charity and its assets
and are primarlly èssociated wrth Constttutional and statutory ￿qUIreMents.
whe￿ performances of a production straddle the balance sheet date, produrtion costs are
apportioned in relation to the number of perfomiance5 falling within each period and the amount
relating to performances after the balance sheet dète are treated as debtors.
Tangible fixed assets and depreciation
Tangible fsxed assets a￿ stated at cost ￿S depreciation. Dep￿CiatIon is provided at rates
calculated to write off the cost less estimated ￿sIdUal value of each asset over its expecied usefu5
lrfe. once brought into use. as follows:
Freehold land
Frèèhold buildings
Theatre improvements
Fixtures, fittings and equipment
2% straight line
over 30 to 10 years straight line
From IO% to 33% straight line
Individual fixed assets consisting more than £l.(KJO are capitalised at cost.
Leased assets and obligations
whe￿ assets are financed by leasing agreements that give rights approximatlng to ownership
(finance leases}. thè assets are treated as if they had been purchased outright. The amount
capitalised is the present value of the minimum lease payments payable during the least term. The
corresponding leasing commitments are shown as Obligat￿nS to the lessor.
Finance lease payments are treated as consisting of capttal and interest elements. and the interest
is charged to the statement of finantial activities in proportion to the remaining balance
outstanding.
All other leases re operating leases and the annual rentals are charged to the statement of financial
activities on a straight line basis ovÈrthe lease term.
Pa4e 21

Hackney Empire Limited
Notes to the accounts Icontinuedl
For the year ended 31 March 2021
Investments
The Statement of Recommended Practice requi￿ investments to be stated at market value. The
investment5 of Hackney Empire Limited consist of one wholly owned subsidiary. Hackney Empire
Trading Limited. The company is not quoted and the directors consider it appropriate to include
the investment at cost.
Pensrons
The Charity operates a defined contribution scheme forthe benefit of its employees. Contributions
payable are charged to the Statement of Financial Activities in the year they are payable.
Foreign currencytrnnslation
Monetary assets and liabilities denominated in foreign cUr￿nCIeS a￿ translated into sterling at
the rates of exchange ruling at the balance sheet date. Transactions in fO￿Ign currencies are
recorded at the rate ruling at the date of the transaction. All drfferences a￿ taken to the
Statement of Financial Artivities.
i.io
Consolidation
The consolidated financial statements present information about the company and its wholly
owned subsidiary Hackney Empire Trading Limited. The consolidation has been performed on
line by line basis.
i.ii
Fund accounting
Funds received for a purpose specffied by the donor are credited to restricted funds. Expenditure
incurred on these purposes is then charged to the funds as tt is incurred (see note 171.
All other income is treated as unrestricted fvnds. The Trustees have chosen to designate certain
funds for specific future expendrture as explained in the Trustees, Report.
1.12
Financial instruments
The Charitsble only has financial assets and finaftcial liabilities of a kind that qualify as basK
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exceplion of bank loans which are
subsequentty measured at amorti5ed cost using the effectwe interest method. The Charity has
elected to appty the provisions of Section 11 'Basic Financial Instruments, and Sectton 12 '0ther
Finantial Instruments Issues, of FRS 102 to all of its financial instruments.
airment of financial assets
Financial assets. other than those held at frdir value through the statement of financial activitie5,
are assessed for indicators of impairment at each reporting end date.
Page 22

Hackney Empire Ltmited
Notes to the accounts (continued)
For the year ended 31 March 2021
1.12 Financial instrnments Icontinuedl
Financial assets are impaired where there is objectwe evidence that, as a result of one or more
events that occurred after the initial ￿cOgnItion of the financial asset, the estimated future cash
flows have been affected. The impairment loss is recognised inthe statement of financial activities.
Dereco
nition of financial assets
Financial assets are derecognised only when the contrartual rightsto the cash flows from the asset
expire, or when it transfers the financial asset and substantially all the risks and rewards of
ownership to another entrty.
Dereco
nition of financial liabilities
Financial liabilities are derecognised when. and only when, the Charity obligations are discharged.
cancelled. or they expire.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions a￿ based
on historical experience and other factors that are considered to be relevant. Actual resu￿$ may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing bas￿. Revisions to
accounting e5timate5 are recognised in the period in which the estimate is ￿ViSed where the
revision affetts only that period. or in the period of the revision and future periods where the
revision affects both cur￿nt and fLrtLJre periods.
Status of company
The company is a registered Charty. limited by guarantee.
s at 31 March 2021, the company has 9 members. who are abo directors. The liab51ity of each
member on a winding up is limited to a maximum of £1.
Pa4e 23

Hackney Empire Limited
Notes to the accounts Icontinuedl
For the year ended 31 March 2021
Grants receivable
As at31 Marth 2021
Urtrestrittèd
Funds
Restrlcted
Funds
Total
2021
Core fundin
Arts Council England
Atts Council En8land- Culture Recovery Fund
Arts Council England- Emergenty Funding
Clarion Futures
Esmée Fairbairn Foursdation- Un￿tritted grants
HMRC JRS Grant
Jean HodgkiNson
London Community Response Fund
375,295
375,295
534,226
244,555
s,000
23.500
166,732
5,300
22.237
534.226
244.555
23,500
166.732
5,300
22,237
Pro ect Fundi
Arts Council England-capitsl Work5
Arts Council England- supplemÈntary grant
Chsldren in Need
Ernest Hecht Charity
Esmée Fairbairn Foundation
FTO Yamana Peabody
Goldsmith5 Company Charity
Greater London A￿th￿lty
Hackney Counal
London Borough of Hackney
Youth Opportunity Fund
120.535
i.coo
4,(KlO
2,500
47.CQO
2,CilO
3.000
lo.￿0
300
40.000
1.500
120,535
1.000
4.000
2.500
47,000
2.000
3,000
10.000
300
40.000
1.500
648,350
960.330
1,608.680
A5 at 31 March 2020
Unrestri¢ted
Funds
Re5trittÈd
Fund5
Total
2DZO
Core f
in
Arts Council Englznd
368.514
368.514
ct Fundin
Arts Counol En8land- Capital WoTks
Backstage Trust
Children in Need
Esmée Fairbairn Foundation
Hackney Council
Nike
London Borough of Haekftey
NESTA
Theatre Trust
Young Leaders on trath festival
Youth Opportunity Fund
213.570
40.0
io,(xx)
47,(
15.000
5,CM)O
40.(￿0
13,C¥)O
213.570
40,000
10,000
47.000
Is,￿0
s.000
40.ow
13.0(YJ
5.0(KJ
1.000
10.000
io,(Kx)
368,514
399.570
768.084
PaEe 24

Hackney Empire Limited
Notes to the accounts (continued)
For the year ended 31 March 2021
Grants receivable (continued)
Included in Note4 above are government grant5 of £40.[￿l2020- £40,LKIDI from London Borough
of Hèckney, £30012020 - £n411 also from London Borough of Hackney and £166,73212020 - £fiill
from the Coronavirus Job Retention Scheme.
In addition. this year the charriable company received a donation of £5.OD) from the Mayor of
London's Backto Business Fund. which has been included in donation on the Statement of Financial
Attivities.
Income from trading arttvities
2021
2020
Bar5 and catering income
Location and filming income
Other income
96,566
259,079
3,985
64.075
SW
64,575
359,630
Income from theatre operation
2021
2020
Box offi
Theatre hlre
Merchandise
Booking fees
Theatre recharges
Other income
1,112,318
465,269
36,313
67.674
234,546
2,288
1,217
346
1.961
1.668
2.7fKJ
7.892
1.918,È108
Fundraising costs
2021
2020
Staff costs
Fundraising expenses
34,713
308
43,294
8.465
35,021
51,759
Page 2S

Hackney Empire Limited
Notes to the accounts Icontinuedl
For the year ended 31 Mèr¢h 2021
Costs of operation of the theatre
Unrestrirted
Funds
Restricted
Funds
Total
Funds
2021
Staff and 5taff-related costs
Depreciation
Promoter5/production
costs
Education
Publicity
Premises and 8eneral
running costs
Overheadladministratbve
Costs
Governance costs
145.186
8,682
445.579
641.077
590,765
649,759
24.265
127
22.750
25.072
173
9,470
49,337
300
32,220
IfA).145
81,857
242,002
25,534
5.868
29,489
3,238
55.023
9,106
392.557
1.235.955
1.628,512
Unrestricted
Funds
Restricted
Funds
Total
Funds
2020
Staff and $taff-￿10ted c05ts
Depreciation
Promoterslproduttion
costs
Education
Publicity
Premi4e5 and general
running costs
OverheadladministratNe
costs
Governance costs
1.030.998
16.281
73,500
615,263
1,104,498
631,544
643,658
2.156
226,282
18,750
44.036
662,408
46,192
226,282
383,847
383,847
38.628
19.739
16.2
54,828
19.739
2,361,589
767,749
3,129,338
Net incomellexpenditure)
Net incomellexpenditure) is stated after charging-
2021
2020
Amounts payable to auditors for audit services- current year
Amounts payable to auditors for audit services- prior year
Amounts payable to auditors- other seNice
Depreciation
Operatin8 lease payments
11,025
11,225
4,C()O
1.300
649,760
36,936
631.544
70,848
Page 26

Hackney Empire Limlted
Notes to the accounts (continued)
For the year ended 31 March 2021
io
People cost
2021
2020
Aggregate staff costs are made up as follows:
Salaries and wages
Social security costs
Pension costs
Other staff costs
483,385
39,634
8,963
2,266
963.244
74.220
17,625
3.219
Subtotsl
Professional Fees"
Totsl
534.248
91,230
625,478
1.058,308
89,484
1,147.792
Fundraising staff costs (note 7}
Staff and staff-related costs of operation of the theatre Inote 81
34,713
s￿,765
43,294
1,104,498
625,478
1,147,792
The number ofstaff recewing a salary over £60.(XJO was:
2021
No.
2020
No.
£60,0￿- £69,999
The total number of employees during the yearwas 3812020-. 9)) of which 17 were permanent staff
and 21 were inVo￿ed in performances.
Included within staff costs above are redundancy payments made during the year totalling £16,237
in respect of 6 staff members.
Key management personnel are conSide￿d to be the Executive Director ènd the Artistic Director.
The total amount paid to key management personnel in the year was £106.91812020: £108.9241.
'Professional Fees includes the freelancer and tontrartor cost for the outSOLtrcing of the finance.
marketing and development function. which substrtutes the staff t05ts in these a￿a$ for the
Charity.
10.1 Trènsactlons with Trustees
No payments are made to Trustees fortheirserwices as fTustees, norwere any expenses reimbursed
to them during the current or p￿Ceding ￿riod. Donations totalling £5,510 were recetv@d from the
Trustees during the period12020: £1,598).
li
Taxati<
No charge to corporation tam is expected to arise due to the companvs charttable status.
The trading Subsidiary benefits from a theatrical tax credit received on its production actlvities
P4e 27

Hackney Empire Limited
Notes to thè a¢tounts Icontinuedl
For the year ended 31 March 2021
12
Tangible fixed assets
Freehold
land and
building5
Theatre
improve-
mènts
rsxtures
fittings and
equipment
Total
Group and Charity
Cost
At l April 2020
Additions
222,758
18,438,480
142,642
581,414
28.332
19.242.652
170,974
At31 March 2021
222,758
18,581,122
609,746
19,413.626
Depreciation
At l April 2020
Charge for the year
103,606
4,455
10.301.013
633,800
558,850
11,505
10.963,469
649,760
At 31 March 2021
108,061
10.934,813
570,355
11.613,229
Net book value
At 31 March 2021
114,697
7.646.309
39,391
7.8CQ,397
At 31 March 2020
119,152
8,137.467
22.564
8,279,183
All assets are in use for charttable purposes. Legal charges exist over the freehold propertie5 to
secure the interests of the public bodies. bankers and other lenders funding their purchase and
the cost of theatre improvements.
13
Investment in subsidiary
2021
2020
Investment in subsidiary LEndertaking
The Charrf(y hold5 of the issued ordinary share capital of the following company..
Subsidiary
Country of reglstration
Hackney Empire Trading Limtted England
Cla55
Ordinary
Shares held
loo%
Page 28

Hackney Empire Limited
Notes to the accounts (continued)
For the yearended 31 March 2021
13
Investment in subsldiary (continued)
The principal activities of the subsidiary a￿ to generate commercial income for Hackney Empi
Limited and to produce theatrical work on commissTon. The subsidiary started trading in February
2011. A summary of the resutts of the subsidiary is set out below.
2021
2020
Income
Cost of sales
Administrative expenses
121.069
193,3711
136,1701
1,489,505
11.015,9541
1350,4401
ILossl / Profit on ordinary activities before taxation
Corporation tax
18,4721
5,905
123,111
85,337
(Loss) / Profft on ordinary artivitiÈs after taxation
12,5671
208,448
Amount gifted to Hackney Empire Limited
1208,4481
Retained Ilossl / profjt
12.5671
Turnover comprised-
Catering operations
Pantomime production
Other own productions
Location and filming fees
96,566
1,096,527
57,614
63,455
296,412
121,059
1.489,505
Hackney Empire Limited and the 5ub5idiary have a group VAT registration. Any profit made by the
subsidiary is paid under gift aid to Hackney Empire Limited.
The assets and liabilities of the subsidiary were:
2021
2020
Current assets
Creditors- amounts falling due within one year
119,631
1122.1971
266.734
1266,7331
Net assets
12.5661
Shareholderfs funds
12,5661
Pale 29

Hackney Empire LimÉted
Notes to the accounts Icontinued)
For the year erKled 31 March 2021
14
Debt¢Ks
Group
Chartty
2021
2020
2021
2020
Ttade debtors
Other taxes
Prepayments and accrued
income
AmouDts owed ￿SUbsidlary
undertaking
Corporation tax
25.731
42.173
87,483
11,350
42.173
57,888
92.613
116.525
150.228
106,904
84,640
213,632
91.161
169.866
251.678
373,874
288.391
378,424
15
Creditors: Amwnts lalling due within one yeaT
Group
Charity
2021
2020
2021
2020
Trade creditors
Box office advance seats
Other taxes and Social securtty
Other crediiors and accruals
107,670
152.561
8,569
161.173
219.965
189,521
22.349
219,477
96,840
152,561
13.748
129,269
208,438
189,521
30,573
169.679
429,973
651,312
392,418
598,211
16
FU￿re financial commitments
The group is cornrnitted to the total future lease payments:
2021
2020
Land and buildirE5-
Within one year
Between two and five years
Over 5 year5
65,000
260,000
32.5
65,000
2fJO.ODO
97,500
357.5(N)
422,500
This represents a 15 year lease over 117 Wilton Way
2021
2020
Office equipment=
within one year
Between two aThJ fwe years
4.436
9.598
4,389
4,436
13,987
Pa8e 30

Hackney Empire knmited
Notes to the accounts (continued)
For the year ended 31 March 2021
17
Restricted Funds
As at 31 March 2021
Charityand Group
8èlan
l April
2020
Incoming
resources
Resources
used
Transfers
Between
funds
Balan
31 March
2021
Capital
Freehold property
Capital projetts
ACE Capitsl Works
145,883
7,706.371
210.463
145.883
7,094,215
304,899
1612,1561
126,0991
120,535
Revenue
Arts Council England-
Culture Retovery Fund
Arts Council En￿and-
supplementary grnnt
Backstage Trust
Children In Need
Esmée Fairbairn
Foundation
534.226
1275,995}
258,231
3,436
14,4361
40,000
4,000
io,c
21.0
iio.0001
168,0001
47.C
ERNEST HECFrrcHARtrY
O Yamana Peabody
Goldsmith5 Company
Charity
Greater London
Authority
Hackney Council
HmRcjF￿ Grant
Jean Hodgkinson
London Community
Response Fund
LBH- Service ag￿eM￿l
Theatre Trust
Young Leaders on track
festival
Youth Opportunity Fund
2.500
2,1XJO
3.(KJO
12,5001
12,OCNJI
13,OCKtl
io,(KK)
10,000
13CKJI
{166.7321
166.732
5.3
5,300
22.237
40,(KKI
122.2371
140.0001
I,￿0
{i.o(J)I
1,5
{1.5001
Totsl restricted lunds
8,143,153
960.330
11,235.9551
7,867,528
Page 31

Hackney Empire Limited
Notes to the accounts Icontinuedl
For the year ended 31 MaTth 2021
17
Restricted Funds Icontinuedl
Freehold property
These funds represent resources held in the form ol building.
ACE Capital Work
Fundin8 towards acqulsfcion or tmprovement of lon8-term assets suth as equipment or buildin8.
Arts Countil England-culture Reco¥try Fuftd
Funding towards the costs 0￿￿1ned in the applicatyon submitted to culture recovery lund- 8rants
proEramme.
Arts Councll En￿afid. Supplementsry Grant
Supplementary Branttowards a bespoke pro8ramme of leadership development training ènd support for
the Artistic Director.
Backstsge Trust
Funding towards therefurbishment of toilets at Hackney Empire
Children in Need
Funds towards LIMtTLESS (Hackney Villa8el. working with thildren and young people with learning and
sensory disabilities
E$rn￿ Fairbairn Foundation
Funding towards thecosts of staffing and arbstic development of new models which aim to increase art15tit
ambition and artist and audience diversity
Greater Igndon Authofity
Funding towards Eryy"re 2 rent as a space for CreatNe future5 PfO8ramme.
Jean Hodgkinson
Funding to 5UPPOrt implementstion of Covi&19 measures.
London Community Response Fund
F￿ndIng towaid5 E55enlial activities and uitycal services gf the theatre and to support commvnities and
creative futures work
Theatre Trust
Fundins toward5 improvements to the water pumps in tht theatre.
Goldsmiih's Compahy Charity
Funding towards creative futures programme.
Ernest Hècht Charity
Funding rowards thedelivery of 12-week programme, offering connection and engagement for 25-5D
isolaied and at-risk youn8 people aged 14-19, with a series of online arts projects.
O Yamana Peabody
Funding rowards Deital ProjertS.
yo￿ng Leaders on track festival
T9 5UPPOrt youth work.
Youth Opporrunity
Funds to support Empire Youth takeover- a prOfessiL￿al development programme of dance. diama and
music that enables young people to gain insight into the ueative industries.
LBH- Service agreeme
London Borough ol Hackney wpported tyJr 'Conne£ting Young Hackne￿ and other youth involvement
programmes.
HMRCJRS Grant
Fundin8 to cover a woportion of the salaries of furlou8hed stsff during the COVIt>19 pandemic.
Hackney Council
Support towards ueJtNe learning programme.
P¥e 32

Hackney Empsre Limited
Notes to the accounts (contlnued)
For the year ended 31 March 2021
17
Restrided Funds I￿ntInued)
As at 31 March 2020
Charity and Group
Balance
l April
2019
In¢¢ming
resources
Resources
used
Transfers
Between
lunds
Balance
31 March
2020
Capital
Freehold property
Capital projects
ACE Capital Works
145,883
8,318,S27
145,883
7,706,371
210,463
1612,1561
{3,107}
213,570
Revenue
Arts Couneil England-
supplementary grant
Backstagè Trust
Children In Need
Esmée Fairbaim
Foundation
Hackney Council
Nike
LBH- Cultural
Department
L8H-Service agreement
NESTA
Theatre Trnst
Young Leade￿ on trnck
festival
Youth Opportunity Fund
12,5641
3,436
40,￿0
io,coo
io.(
I0.(￿x)
iio,(Kx)I
26,2C(I
47.￿0
15,CKJO
5.000
152.2(KJl
115,LXL)I
15.cMxJI
21,C(Jo
11.250
111,2501
140,OWI
113.CWI
40.wo
5.CKIO
10,coD
iio,o¢J)I
Total rertricted funds
8,517.860
399.570
1774,2771
8,143,153
PagÈ 33

Hackney Empire Umited
Notes to the accounts Icontinuedl
For the year ended 31 March 2021
18
Unrestricted funds
As at 31 March 2021
Charity and Group
Balance
l April
2020
Incoming
resources
Re%>urces
used
Transfers
between
funds
8alance
31 March
2021
General funds
748.698
947.269
1427,578}
1,268,389
Total unrestricted funds
748,698
947.267
1427,5781
1,268,389
As at 31 March 2020
Charlty and Group
Balance
IApril
2019
Incoming
resources
Resources
Ilsed
Transfers
between
tunds
Balance
31 March
2020
General funds
223.096
2.932.392
I2.406.7￿)
748.698
Total uttrèstricted funds
223.096
2.932.392
12.406,7901
748.698
19
Analysis of net assets between lunds
As at 31 March 2021
Tangible
Fixed assets
Net current
liabiltties
Totsl
Group and Charty
Restricted funds
Unre5tricled funds
7.761.C#)6
39.391
106.522
1.228,998
7,867,528
1,268,389
7.8W,397
1.335,520
9,135,917
PaRe 34

Hackney Empire Limited
Notes to the accounts (continued)
For the year ended 31 March 2021
19
Analysis of net assets between funds Icontinued)
As at 31 March 2020
Tangible
Fixed assets
Net current
liabilities
Total
Group and Charity
Restricted funds
Unrestricted funds
,256,619
22.564
1113.4661
726.134
,143,153
748,698
8,279,183
612,668
8.891.851
20
Related party transattioD5
The Charity has a wholly owned subsidiary company IFiackrtey Empire Trading Limited IHEfLII of
which more details can be found in note 13. A summary of the transactions between the entities
Is as follows..
2021
2020
Fee charged by HETL for producing pantomime
Recharge of costs by Charity
Profrts donated to the Charity by grft aid
57,614
49,005
1.096,527
555,204
208,448
At the year-end HETL owed the Charity £84.640. There were no other related party transartions
not disclosed elsewhere in these accounts.
Page 35

Hackney Empire Limited
Notes to the accounts Icontinuedl
For the year ended 31 March 2021
21
Comparative ¢onsolidated statement of financial activitiÈs
UnrÈstrirted .
Funds
Restrirted
Fund5
2020
Total
Income from:
Donations, gifts and legacies
198.141
198,141
Grants receivable
368,514
399,570
768.084
Investment income
2,362
2,362
Income from trading activities
359.630
359.630
Incomefrom choritoble
Uttivities
Income from wnning theatre
1.918.408
1,918,408
Total income
2.847.055
399.570
3,246,625
Expenditure on:
Costof roisingfunds
Fundraising costs
Charitoble actAvity
Cost of opefation of the
theatre
45.231
6,528
51,759
2.361.559
767,749
3,129,308
Total expenditure
2,406.790
774.277
3.181,067
Net income I lexpenditurel
for the year
440.265
1374.7071
65,558
Transfers between funds
Corporation tsx
85337
85,337
Net movernent in funds
525,602
1374.7071
150,895
Opening fund balance5 as at l April 2019
223,(136
8,517,860
8,740,956
Closing fvnd balances as at 31 March 2020
748,698
8,143,153
8,891.851
Pjge 36