**Charity registration number 1063689**
**Company registration number 03319939 (England and Wales)**
## **SCARABEUS THEATRE**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **SCARABEUS THEATRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Julia Fitzelle||
|---|---|---|
||Mandy Lorraine Lawrence||
||Deborah Sharon Mullins||
||John Simon Hinde||
||Donatella Torsello||
||Sayali Goyal|(Appointed on 04 February 2025)|
||Michelle Booth|(Appointed on 04 February 2025)|
|**Secretary**|Soren Nielsen||
|**Charity number**|1063689||
|**Company number**|03319939||
|**Registered office**|Caxton House Community Centre||
||129 St John’s Way||
||LONDON||
||N19 3RQ||
|**Independent examiner**|Samir Shah||
||Ramon Lee Ltd||
||93 Tabernacle Street||
||EC2A 4BA||
||London||
|**Bankers**|Unity Trust Bank plc||
||Nine Brindley place||
||Birmingham, B1 2HB||
||NatWest Bank||
||Victoria, PO Box 1357||
||SW1E 5NA||
||London||
|**Senior Management Personal**|Daniela Essart - Artistic director||
|**Website**|www.scarabeus.co.uk||
## **SCARABEUS THEATRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 18|
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## **SCARABEUS THEATRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The main objects of the charity are to promote, maintain, improve and advance education primarily through the dramatic arts.
Scarabeus mission statements says:
- be artistically adventurous, push boundaries and nurture creativity and innovation;
- challenge and connect with our audiences through bold, inspiring aerial performances that interpret urgent contemporary issues;
- increase self-confidence and encourage a positive sense of community among children, young people and families.
Over 800 children, young people and adults took part in our participation activities which are offered free of charge to individuals and at very low cost to schools thereby enabling the participants to engage in arts activities they would normally not be able to enjoy. All the schools we work with have a large intake of children and young people from disadvantaged backgrounds. Scarabeus regards itself as a catalyst of change towards social cohesion and change with transformational impact on people’s lives. We are committed to provide innovative and excellent participatory opportunities, through performances, residencies and workshops in schools and community settings, focusing mainly on disadvantaged children, young people and their families. We are contributing to fostering a new generation of artists, inspiring creativity, wellbeing and self-confidence.
## **Achievements and performance**
The highlight of this past year was our bi-annually performance project with Keys Meadow primary school in Enfield. We have worked with this school now for over 20 years, and we always cherish coming back to produce our school led projects there. This year the performance was titled ‘My Mind is Like the Sky’ and based on a book called of the same name; which aim to teach children about difficult emotions and how to manage them. The perfomance took place in the school hall using aerial work, physical theatre and visual imagery. The audience was deeply moved by the way the children were able to express emotions of anger, fear, isolation but also empathy, care and love.
Thanks to funding from NCEL CAMHS, Cloudesley, BBC Children in Need and City Bridge Trust we were able to continue our Take Flight programme which offers free aerial classes to young people aged 13-25 years old living under challenging circumstances, struggle with mental health issues and/or are gender diverse. We contacted youth services, visited youth centres and programmes and ran taster sessions where the young people could try out the aerial skills and sign up for the year-long programme. The campaign was very successful and throughout the year we have been running 2 weekly classes with a total of 55 young people involved. Thanks to 3-year grants from BBC CiN and City Bridge as well as repeat funding from NCEL CAMHS and Cloudesley the programme will be running until 2026.
We continued rolling out ‘Airborne’ for the 2nd year funded by John Lyon’s Charity offering aerial workshops to primary schools in London primarily aimed at KS2 year 4 primary school children. The programme was successfully run in primary schools in the boroughs of Barnet, Brent, Hammersmith & Fulham as well as Camden. The funding cycle for this will finish in 2025; it has enjoyed much success with lots of great feedback from children and teachers alike.
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## **SCARABEUS THEATRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The 3 year Flying Families programme came to an end this year and was delivered in 2 schools in Camden. A total of 125 parents and children had hours of fun bonding with games, yoga and flying in cocoons. The funding for the programme finished at the end of 2024 after an amazing 3 year of generous funding from the National Lottery’s Community Funds to whom we are very grateful, especially as they also funded 3 years prior to that. Across the 3 years, we originally aimed to reach 135 people (parents/carers and their children),representing 63 families. We actually reached 320 participants, representing a total of 124 families! We provided nine cycles of 8 weekly workshops including indoor and outdoor sessions. Participants explored aerial skills using cocoons, yoga for adults & children with relaxation techniques, fun theatre games and outdoor adventures in Queen’s Woods. The Flying Families is one of our proudest achievements; it has been running since 2006 in various guises with a wide variety of funders across boroughs in London and nationally. We are happy to announce that in the Autumn of 2025 we received funding from Awards 4 All for 2 cycles of the programme in London.
The Flying into Physics programme, funded by various funders, is still going from strength to strength. It was rolled out to a total of 9 schools over 2024-25 reaching over 500 children, not least thanks to another 3 years grant from John Lyon’s Charity. Together with an extension for another year of our grant from The Armourers and Brasiers Gauntlet Trust and grants from Garfield Weston and the Manly Trust the Programme will be running until the Summer of 2027, reaching even more schools and children. We are expanding our area of delivery with the Borough of Ealing as well as offering the programme in the boroughs where we have worked so far.
Looking forward to the coming year we are very pleased to announce that we have been given a 4 year grant for core costs from the Paul Hamlyn Foundation who has funded our work for 6 years. This grant will give the company some stability and also give us leverage for further fundraising.
We are equally pleased to announce that a new performance project has been given Research and Development funding from the Arts Council England and we will conduct 2 weeks of R&D with a group of 10 intergenerational women and non-binary artist as well as running workshops with community groups.
## **Public benefit statement**
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PD2). The achievements and activities above demonstrate the public benefit arising through the Charity’s activities.
## **Financial review**
The Statement of Financial Activities showed net deficit of £113,872 (2024 - net surplus of £41,813) for the year and reserves stand at £91,195 (2024 - £205,067). The financial position at the year revealed by the Balance Sheet on page 9 shows net current assets or working capital of £79,409 (2024 – £182,171). The net book value of fixed assets held, all of which are used directly for charitable purposes, amounted to £11,786 (2024 – £22,896).
This deficit largely reflects the timing of grant funding. A substantial portion of funding for programmes delivered in 2024/25 was received in 2023/24. Consequently, expenditure in 2024/25 exceeded the income recognised in that year. The charity entered the year with strong reserves of over £200,000, which comfortably covered this planned expenditure. The deficit represents the planned use of reserves to deliver key projects and does not indicate financial instability.
## **Investment powers and policy**
The Memorandum and Articles of Association authorises the Trustees to expend the funds of the Charity in such manner as they shall consider most beneficial for the achievement of the objects and to invest in the name of the Charity such part of the funds as they may see fit and to direct the sale or transposition of any such investments and to expend the proceeds of any such sale in furtherance of the objects of the charity. Currently the Charity has no investments.
## **Reserves policy**
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## **SCARABEUS THEATRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
The charity aims to hold a reserve £30,000 which is the equivalent of 3 months running costs. The reserves policy as agreed by Trustees is designed to reflect the underlying risks facing the charity and to ensure that the charity has an appropriate level of reserves to safeguard its day to day operations from disruption at short notice due to a lack of available funds
As at the year-end accounts showed reserves of £91,195 (2024 - £205,067), of which £54,299 (2024 - £115,966) was restricted and £36,896 (2024 - £89,101) was unrestricted. The unrestricted funds not designated or invested in tangible fixed assets held by the charity are £25,110 (2024 - £66,205).
## **Plans for future periods**
We will keep rolling out our Flying into Physics and Flying Families programmes. We have secured repeat funding from NCEL CAMHS and Cloudesley Foundation and 3-year funding from BBC Children in Need and City Bridge Trust to continue running our Take Flight programme which offers free aerial classes to young people aged 13-25 years old living under challenging circumstances, struggle with mental health issues and/or are gender diverse. We will keep rolling out the programme titled Airborne to offer aerial workshops to primary schools in London funded by John Lyon’s Charity. We will embark on fundraising to roll out the Shifting Point programme. We are embarking on research and development of a new performance project titled ‘Hear Us Roar’ in collaboration with 6 leading peer artists.
## **Structure, governance and management**
## **Governing document**
Scarabeus Theatre is registered under the Companies Act 1985 as a company limited by guarantee and not having a capital divided by shares.
The company was incorporated on 18 February 1997 and is a registered charity constituted as a limited company under the Memorandum and Articles of Association. The charity registration number is 1063689 and the company registration number is 03319939.
## **Recruitment and appointment of Trustees**
The Directors of the organisation are also the charity trustees for the purposes of charity law. Appointment as member is by ballot of the existing members.
The Trustees have no beneficial interest in the company other than as members. All of the Trustees are members of the company and guarantee to contribute £1 in the event of winding up. The Board has the power to appoint additional Directors.
## **Trustee induction and training**
The Trustees maintain a good working knowledge of charity and company law and best practise by attendance at charity and company courses run by outside providers. New Trustees are given copies of the Memorandum and Articles of Associatio
## **Organisation**
A Board of Trustees, who meet quarterly, administers the charity. The two Directors and other staff members are appointed by the Trustees to manage the day-to-day operations of the Charity.
The day-to-day decisions are made by the Artistic Director and the Executive Director.
## **Related parties**
The charity does not have relationships with related parties and other charities and organisations with which it cooperates in pursuit of its charitable objectives
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## **SCARABEUS THEATRE**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **Risk Management**
The trustees have a risk management strategy which comprises:
- A regular review of the risks the charity may face, at the quarterly board meetings, where and up-to-date cashflow statement is presented;
- The establishment of systems and procedures to mitigate any risks identified;
- Implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
- Produce policies to comply with current regulations concerning Health and Safety, data protection, child protection etc.
## **Statement of Trustees' responsibilities**
The Trustees, who are also the directors of Scarabeus Theatre for the purpose of company law, 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 prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate 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 the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees' report was approved by the Board of Trustees and signed on its behalf by:
**Julia Fitzelle Chair**
22 November 2025
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## **SCARABEUS THEATRE**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SCARABEUS THEATRE**
I report to the Trustees on my examination of the financial statements of Scarabeus Theatre (the charitable company) for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the Trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , 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 that in any material respect:
- 1 accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements 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 financial statements to be reached. i | [:SignedBFA6442682BF4CE... by:
**Samir Shah Ramon Lee Ltd 93 Tabernacle Street EC2A 4BA London**
## **Dated: 22 December 2025**
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## **SCARABEUS THEATRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2025**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**3**
281
-
281
Charitable activities
**4**
8,020
177,629
185,649
Investments
**5**
3,386
-
3,386
**Total income**
11,687
177,629
189,316
**Expenditure on:**
Raising funds
**6**
2,617
-
2,617
Charitable activities
**7**
61,275
239,296
300,571
**Total expenditure**
63,892
239,296
303,188
**Net (expenditure)/income for the year/**
**Net movement in funds**
(52,205)
(61,667)
(113,872)
Fund balances at 1 April 2024
89,101
115,966
205,067
**Fund balances at 31 March 2025**
36,896
54,299
91,195|**Total**
**2024**
**£**
49
296,068
3,516|
|---|---|
||299,633|
||5,755
252,065|
||257,820|
||41,813
163,254|
||205,067|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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## **SCARABEUS THEATRE**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2025**_
||||**2025**|||**2024**||
|---|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**|**£**||**£**|
|**Fixed assets**||||||||
|Tangible assets|**11**|||11,786|||22,896|
|**Current assets**||||||||
|Debtors|**12**|6,467|||28,513|||
|Cash at bank and in hand||87,723|||158,220|||
|||94,190|||186,733|||
|**Creditors: amounts falling due within**||||||||
|**one year**|**13**|(14,781)|||(4,562)|||
|Net current assets||||79,409|||182,171|
|**Total assets less current liabilities**||||91,195|||205,067|
|**Income funds**||||||||
|Restricted funds|**15**|||54,299|||115,966|
|Unrestricted funds||||36,896|||89,101|
|||||91,195|||205,067|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members 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 subject to the small companies regime.
The financial statements were approved by the Trustees on 22 December 2025 and were signed on its behalf by:
851F51981B3942F... **Julia Fitzelle**
**Trustee**
## **Company registration number 03319939**
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## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charitable company's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charitable company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
The Charity’s Financial Statements show net deficit of £113,872 (2024 - net surplus £41,813) for the year and free reserves of £36,896 (2024 - £89,101) as at the year end. The trustees are of the view that these results and fundraising plans for the future have secured the immediate future of the Charity for the next 12 to 15 months and on this basis the Charity is a going concern
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charitable company.
## **1.4 Income**
Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and amount can be measured reliably.
- Income received by donations is included in full in the Statement of Financial Activities when received, unless they relate to a specified future period, in which case they are deferred.
- Income from charitable activities received by way of revenue grants and donations are credited to restricted incoming resources on the earlier date of when they are received or when they are receivable, unless they relate to a specified future period, in which case they are deferred.
- Grants and donations of general nature which are not conditional on delivering certain levels of service are included as part of Donations as shown under note 2. Performance related grants and donations which have conditions for a specific outcome are included as Income from Charitable Activities as shown in Note
- Income from charitable activities includes income recognised as earned (as the related goods and services are provided) under contract..
- Investment income is recognised on a receivable basis
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## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **Allocation of support costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the Trust’s programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 7.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% on cost Motor vehicles 25% on net book value
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The charitable company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the charitable company 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.
## **1.9 Taxation**
The Charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Creditors and Provisions**
Creditors and Provisions are recognised when the charitable company has a legal or constructive present obligation as a result of a past event, it is probable that the charitable company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.
## **1.11 Volunteers and donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably in accordance with the Charities SORP (FRS 102).
On receipt, donated professional services, donated facilities and goods are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **1.12 Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **1.13 Cash flow statement**
The charitable company qualifies as a small company and advantage has been taken of the exemption provided by SORP (FRS 102) as amended by Bulletin 1, not to prepare a cash flow statement.
## **2 Critical accounting estimates and judgements**
In the application of the charitable company’s accounting policies, the Trustees 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 are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **3 Donations and legacies**
||**Unrestricted**|**Total**|**Total**|
|---|---|---|---|
||**funds**|**2025**|**2024**|
||**£**|**£**|**£**|
|Donations and gifts|281|281|49|
||281|281|49|
|**For the year ended 31 March 2024**|49||49|
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## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **4 Charitable activities**
|**Peformance, tour**
**and contract income**
**Grants and**
**donations**
**£**
**£**
Lee Harry Clayden
-
-
Keys Meadow
3,020
-
Chicken Shed rigging consultancy
-
-
Dramatic arts
-
177,629
LV21 Limited
5,000
-
8,020
177,629
Analysis by fund
Unrestricted funds
8,020
-
Restricted funds
-
177,629
8,020
177,629
**Grants and donations**
City of London
-
20,000
BBC Children in Need
-
15,000
Compass Wellbeing
-
8,996
John Lyons Charity (Flying physics)
-
45,000
John Lyons Charity (Airborne)
-
29,400
Armourers and Brasiers’ Gauntlet Trust
-
4,000
Big Lottery Fund
-
35,233
Garfield Weston Foundation
-
10,000
Richard Cloudesley Charity
-
10,000
The Portal Trust
-
-
Cloudesley Foundation
-
-
COOP Community Fund
-
-
The Manly Trust
-
-
Arts Council England
-
-
Paul Hamlyn Foundation
-
-
-
177,629|**Total**
**2025**
**£**
-
3,020
-
177,629
5,000
185,649
8,020
177,629
185,649
20,000
15,000
8,996
45,000
29,400
4,000
35,233
10,000
10,000
-
-
-
-
-
-
177,629|**Total**
**2024**
**£**
756
27,180
3,000
265,132
-|
|---|---|---|
|||296,068|
|||30,936
265,132|
|||296,068|
|||15,000
15,000
29,343
30,000
29,400
4,000
54,998
-
-
10,000
10,000
2,776
5,000
8,200
51,415|
|||265,132|
- 12 -
�������������������� � ��� ���� � ��������� ������ �� �������������������� � ����� �� ���� � � �� � � � �
## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **5 Investments**
|**Unrestricted**
**funds**
**£**
Interest Income
3,386
3,386|**Total**
**2025**
**£**
3,386
3,386|**Total**
**2024**
**£**
3,516|
|---|---|---|
|||3,516|
## **6 Raising funds**
|**Unrestricted**
**funds**
**£**
Staff costs
2,350
Other direct costs
-
Share of Support costs
244
Share of Governance costs
23
2,617
**For the year ended 31 March 2024**
Fundraising and publicity
5,755
5,755
**Charitable activities**
**Dramatic**
**Arts**
**£**
Salaries, subcontractors and expenses
247,716
Marketing and promotional costs
-
Travelling and motor expenses
5,881
Other direct costs
16,389
269,986
Share of support costs (see note 8)
27,950
Share of governance costs (see note 8)
2,635
300,571|**Total**
**2025**
**£**
2,350
-
244
23
2,617
**Total**
**2025**
**£**
247,716
-
5,881
16,389
269,986
27,950
2,635
300,571|**Total**
**2024**
£
4,350
700
656
49|
|---|---|---|
|||5,755|
|||5,755|
|||5,755|
|||**Total**
**2024**
**£**
177,519
196
6,133
33,702|
|||217,550
32,104
2,411|
|||252,065|
## **7 Charitable activities**
- 13 -
�������������������� � ��� ���� � ��������� ������ �� �������������������� � ����� �� ���� � � �� � � � �
## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **8 Support costs**
|Depreciation
Premises costs
Communication and IT costs
Legal and profession costs
Insurance
Sundry expenses
Independent examiner's fee
Analysed between
Fundraising
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
11,110
-
6,000
-
2,351
-
1,005
-
5,463
-
2,265
-
-
2,658
28,194
2,658
244
23
27,950
2,635
28,194
2,658|**Total**
**2025**
**£**
11,110
6,000
2,351
1,005
5,463
2,265
2,658
30,852
267
30,585
30,852|**Total**
**2024**
**£**
11,110
9,625
2,961
1,120
4,890
3,054
2,460|
|---|---|---|---|
||||35,220|
||||705
34,515|
||||35,220|
The Charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Governance costs and other support costs are apportioned separately between the charity's key activities undertaken (see note 6) in the year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of proportion of direct costs allocated to each activity.
|**9**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||Net movement in funds is stated after charging/(crediting)|||
||Independent Examination|2,658|2,460|
||Depreciation of owned tangible fixed assets|11,110|11,111|
|**10**
**Employees**
Wages and salaries
National Insurance
Pension Contributions|**2025**
**£**
102,513
5,800
938
109,251|**2024**
**£**
77,843
3,232
-|
|---|---|---|
|||81,075|
The average monthly number of persons employed by the charity during the year was 3 (2024 - 2)
No Trustee received any remuneration during the year (2024 - £nil). No Trustees received reimbursed expenses during the year (2024 - £nil).
There were no employees whose annual remuneration was more than £60,000.
- 14 -
�������������������� � ��� ���� � ��������� ������ �� �������������������� � ����� �� ���� � � �� � � � �
## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**11**
**Tangible fixed assets**
**Fixtures and**
**fittings**
**Motor**
**£**
**Cost**
At 1 April 2024
34,735
At 31 March 2025
34,735
**Depreciation and impairment**
At 1 April 2024
32,704
Depreciation charged in the year
677
At 31 March 2025
33,381
**Carrying amount**
At 31 March 2025
1,354
At 31 March 2024
2,031
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments
**13**
**Creditors: amounts falling due within one year**
Other taxation and social security
Pension
Accruals|**vehicles**
**£**
41,731
41,731
20,866
10,433
31,299
10,432
20,865
**2025**
**£**
5,000
1,467
6,467
**2025**
**£**
2,744
547
11,490
14,781|**Total**
**£**
76,466|
|---|---|---|
|||76,466|
|||53,570
11,110|
|||64,680|
|||11,786|
|||22,896|
|||**2024**
**£**
27,180
1,333|
|||28,513|
|||**2024**
**£**
2,002
-
2,560|
|||4,562|
## **14 Share capital**
The company is limited by guarantee and does not have a share capital divided by shares.
- 15 -
�������������������� � ��� ���� � ��������� ������ �� �������������������� � ����� �� ���� � � �� � � � �
## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **15 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**1 April 2023**
**r**
**£**
John Lyons Charity (Airborne)
-
Richard Cloudesley Charity
-
Compass Wellbeing
42,245
John Lyons Chaity
14,816
Garfield Weston Foundation
-
The Portal Trust
5,380
Armourers and Brasirs's Gautlet Trust
1,550
Arts Council England
-
Big Lottery Fund
58,586
Paul Hamlyn Foundation
-
BBC Children in Need
-
Cloudesley Foundation
-
City of London
-
COOP Community Fund
-
The Manly Trust
-
122,577|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
29,400
(19,900)
-
-
29,343
(42,245)
30,000
(28,605)
-
-
10,000
(10,760)
4,000
(3,550)
8,200
(8,200)
54,998
(67,734)
51,415
(51,415)
15,000
(10,800)
10,000
(6,079)
15,000
-
2,776
(2,776)
5,000
-
265,132
(252,064)|**Movement in funds**
**Transfers**
**Balance at**
**1 April 2024**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31 March 2025**
**£**
**£**
**£**
**£**
**£**
-
9,500
29,400
(29,400)
9,500
-
-
10,000
(10,000)
-
-
29,343
8,996
(29,343)
8,996
-
16,211
45,000
(40,808)
20,403
-
-
10,000
(10,000)
-
-
4,620
-
(4,620)
-
-
2,000
4,000
(4,000)
2,000
-
-
-
-
-
(758)
45,092
35,233
(80,325)
-
-
-
-
-
-
-
4,200
15,000
(10,800)
8,400
(3,921)
-
-
-
-
(15,000)
-
20,000
(15,000)
5,000
-
-
-
-
-
-
5,000
-
(5,000)
-
(19,679)
115,966
177,629
(239,296)
54,299|**Movement in funds**
**Transfers**
**Balance at**
**1 April 2024**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31 March 2025**
**£**
**£**
**£**
**£**
**£**
-
9,500
29,400
(29,400)
9,500
-
-
10,000
(10,000)
-
-
29,343
8,996
(29,343)
8,996
-
16,211
45,000
(40,808)
20,403
-
-
10,000
(10,000)
-
-
4,620
-
(4,620)
-
-
2,000
4,000
(4,000)
2,000
-
-
-
-
-
(758)
45,092
35,233
(80,325)
-
-
-
-
-
-
-
4,200
15,000
(10,800)
8,400
(3,921)
-
-
-
-
(15,000)
-
20,000
(15,000)
5,000
-
-
-
-
-
-
5,000
-
(5,000)
-
(19,679)
115,966
177,629
(239,296)
54,299|
|---|---|---|---|
||||54,299|
- 16 -
�������������������� � ��� ���� � ��������� ������ �� �������������������� � ����� �� ���� � � �� � � � �
## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
## **15 Restricted funds**
## **(Continued)**
## **Description, nature and purpose of restricted funds:**
**Arts Council England -** Grant given towards the production and touring of a new production titled Emerging.
**The Foyle Foundation** - Grant given towards the production and touring of a new production titled Emerging.
**Big Lottery Fund -** Grant given towards to roll out of Flying Families programme and also towards the purchase of new company van.
**Morris Charitable Trust** - Grant given toward the purchase of new company van.
**John Lyon’s Charity, The Portal Trust, The Armourers and Brasier’s Gauntlet Trust, Garfield Weston Foundation, The Ogden Trust, AG Manly Trust, The Vintner’s Company** – All grants given towards the roll out of the Flying into Physics programme.
**GLA Young Londoners Fund and London Youth** - Grant towards Take Flight, free aerial classes for young people helping them towards greater health and well being.
**Paul Hamlyn Foundation** - Grant given towards new programme titled Shifting Point, around healthy relationships aimed at KS2 primary schools.
**Compass Wellbeing (the NCEL NHS Trust), BBC Children in Need, Cloudesley Foundation, City of London, COOP Community Fund** - grant given from the NCEL NHS Trust towards Take Flight, free aerial classes for young people helping them towards greater health and well being.
**John Lyon’s Charity (Airborne) -** Grant given for the roll out of the school’s programme Airborne aimed at KS2 children.
- 17 -
## **SCARABEUS THEATRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2025**_
|**16**|**Analysis of net assets between funds**|**Analysis of net assets between funds**||||||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total **|**Unrestricted**|**Restricted**|**Total**|
|||**funds**|**funds**|**2025**|**funds**|**funds**|**2024**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
||Fund balances at 31|||||||
||March 2025 are|||||||
||represented by:|||||||
||Tangible assets|11,786|-|11,786|22,896|-|22,896|
||Current assets/(liabilities)|25,110|54,299|79,409|66,205|115,966|182,171|
|||36,896|54,299|91,195|89,101|115,966|205,067|
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 18 -