Registered number: 03656378
Charity number: 1074877
HAMPSTEAD THEATRE FOUNDATION
{A Company Limited by Guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

HAMPSTEAD THEATRE FOUNDATION
{A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Company, its Trustees and Advisers
Trustees. Report
Independent Auditors. Report on the Financial Statements
Statement of Financial Activities
10
Balance Sheet
Notes to the Financial Statements
12-20

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Greg Ripley Duggan
Alexandra Marks
Susan Wyatt
Company registered
number
03656378
Charity registered
number
1074877
Registered office
Eton Avenue
Swiss Cottage
London
NW3 3EU
Company secretary
Ashok Shah
Independent auditors
Nyman Libson Paul LLP
Chartered Accountants
124 Finchley Road
London
NW3 5JS
Page 1

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together with the audited financial statements of the company for the 1
April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual Report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisiorss of the Statement of Recommended Practice ISORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. Governance
Hampstead Theatre Foundation is both a registered charity and a company limited by guarantee having no share
capital,. it is governed by its charitsble objects and Memorandum and Articles of Association and is a non-profit
distributing organisation. The liability of its members in the event of the charity being wound up is limited to £1.
b. Directors and Trustees
The directors of the charitable company are its Trustees fof the purpose of charity law, and throughout this report
are collectively referred to as the Trustees. The Trustees who served during the year and since the year end are
shown on page 1. None of the Trustees have any beneficial interest in the charity.
The Trustees are responsible for its overall management and control. including the implementation of policies.
The Board meets regularly. They have certain legal, financial and fidiciary duties under company law and as
Trustees must also comply with charity law.
c. Appointment of Trustees
As set out in the Articles of Association, the chairman is appointed by other Trustees. New Trustees are elected
to the Board by existing members.
d. Trustees Induction and Training
New Trustees receive the latest annual report and financial statements and all relevant information relating to the
charity. All trustees are kept informed about relevant developments within the charity sector.
e. Related Parties
The charity has no subsidiaries. The charity has a close relationship with Hampstead Theatre Limited. a
company also limited by guarantee and a registered charity. to whom it leases the theatre building.
f. Risk Management
The Trustees are responsible for the management of the risks faced by the charity- Risks are identified,
assessed and controls established as appropriate. Consequently. the Trustees are satisfied that all major risks
identified have been mitigated.
Page 2

HAPIIPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
a. Principal Activity
The principal activity of the charity. as defined by its Memorandum and Articles of Association, is to promote.
maintain, improve and advance education particularly by the encouragement of the arts and the provision of
places and facilities for their performance. creation, display. exhibition and realisation. The charity has had
regard to the guidance from the Charity Commission to ensure that its objects and activities are applied for the
public benefit.
Since its incorporation the charity has had responsibility for buildin9 a new theatre at Swiss Cottage, London
NW3. The building was completed in February 2003. The charity now leases the building to Hampstead Theatre
Limited for occupying the btjilding and for maintaining the terms of its 99 year lease with the London Borough of
Camden.
Each year the Trustees review their aims and activities to ensure they continue to reflect their objectives. In
carrying out this review the Trustees have considered the Chanty Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
a. Review of leases
The Foundation continues to lease the building to Hampstead Theatre Limited and to support its work with grants
as shown in the accounts.
b. Review of activities
The detailed figures are contained in the financial statements. The charity had net outgoing resources of
£132,33212023. £131,855) for the year. Fixed assets. which consist of the theatre. are shown at nel book value
of £10,065,187 (2023.. £10,194.228). Unrestricted funds at 31 March 2024 amounted to £9,068,774 (2023..
£9.188,366}.
c. Reserves policy
The trustees have adopted a reserves policy to ensure that there are sufficient funds to maintain the fabric of the
theatre. The free reserves at the year end. which consists of unrestricted reserves less the net book value of the
unrestricted fixed assets amounted to negative £2,900 12023. positive £3911, which the trustees consider is
acceptable. Going forward the chanty will raise more funds to increase these reserves.
d. Investment Powers, Policy and Performance
Under the Memorandum and Articles of Association, the charitable company has the power to invest in any way
the Trustees feel appropriate.
Page 3

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guaranteel
TRUSTEES, REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
PLANS FOR THE FUTURE
a. Future leases
Hampstead Theatre Foundation will continue to lease the theatre to Hampstead Theatre Limited for the term of
its 25 year agreement which commenced on 27 January 2003.
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the company for the purposes of company law} are responsible for
preparing the Trustees, Report and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year . Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the company and of its incoming resources and application of resources, including
its income and expenditure, for that period. In preparing these financial slatements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 102)..
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Stsndards {FRS 102} have been followed, subject to any material
departures disclosed and explaine(J in the financial statements,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
company will continue in biisiness.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's transa￿lDn5 and disclose with reasonable accuracy at any lime the financial position of the
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 company and hence for tsking reasonable steps for the
prevention and detection of fraud and other irregularities.
DISCLOSURE OF INFORMATION TO AUDITORS
Each of the persons who are Trustees at the time when this Trustees, Report is approved has confimied that..
so far as that Trustee is aware. there is no relevant audit information of which the charity's auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditors are aware of that information.
Page 4

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
AUDITORS
The auditors, Nyman Libson Paul LLP, have indicated their willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on 12 November 2024 and signed on their behalf
Greg
ip
Du
Page 5

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF HAMPSTEAD THEATRE FOUNDATION
Opinion
We have audited the financial statements of Hampstead Theatre Foundation (the 'charitable company'} for the
year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the
Statement of Cash Flows and the related rsotes. including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair VFew of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources. including Its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordan￿ with the requirements of the Charities Act 2011 and Companies Act
2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our othef ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded thal the Trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least ￿e1ve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevant sections of this report.
Page 6

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HAMPSTEAD THEATRE FOUNDATION
(CONTINUED
Other information
The other information comprises the information included in the Annual Report other than the financial
statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except to the extent othetwise explicitly stated in our report. we do not express any form of assurance conclusion
thereon. Our responsibility is to read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtsined in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements. we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If. based on the work we have performed. we conclude that there is a material
misstatement of this other information. we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the information given in the Trustees. Report for the financial year for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understsnding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion-.
adequate accounting records have not been kepL or returns adequate tor our audit have not been
received from branches not visited by us.. or
the finanaal statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made, or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepafe the financial ststemenls in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and
from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the TfUStees' Responsibilities Statement, the Trustees (who are also the directors of
the charitable company for the purposes of company law} are responsible for the preparation of the financial
statements and for being satisfied thal they give a true and fair view. and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability
to continue as a going concern, disclosing. as applicable, matters related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations. or have no realistic alternative but to do so.
Page 7

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HAMPSTEAD THEATRE FOUNDATION
{CONTINVED
Auditors, responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement. whether due to fraud or error. and to issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an aLtdit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outtined above. to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below.
We identify and assess the risks of material misstatement of the financial statements., whether due to fraud or
error, and then design and perfom audit procedures responsive to those risk. including obtaining audit evidence
that is sufficient and appropriate to provide as basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and
noncompliance with laws and regulations, we have.
considered the nature of the industry and sectors, control environment and business performance.,
made enquiries of management about their own identification and assessment of the risk and irregularities.,
performed audit work over the risk of management override on controls, involving testing ofjournal entries and
other adjustments for appropriateness and reviewing accounting estimates for bias-
undertaken appropriate sample-based testing of bank transactions
identified and evaluated compliance with relevant laws and regulations and made enquiries of any instances of
non-compliance.
discussed matters among the audit engagement team regarding how and where fraud might occur in the
financial statements and potential indictors of fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at. www.frc.or
.uklauditorsres
onsibilities. This description forms part of our
Auditors, Report.
Page 8

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF HAMPSTEAD THEATRE FOUNDATION
(CONTINUED)
Use of our roport
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies A¢t 2006. Our audit work has been undertaken so that we might state to the charitsble
company's members those matters we are required to stale lo them in an Auditors, Report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Hotal Mistry (Senlor Statutory Audltorl
for and on behalf of
Nyman Libson Paul LLP
Chartered Accountants
Statutory Auditors
124 Finchley Road
London
NW3 5JS
13 November 2024
Page 9

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Restricted
funds
2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Other trading activities
Investments
56,000
234
56,000
234
56,000
42
Total income
56,234
56,234
56,042
Expenditure on:
Charitable activities
12,737
175,829
188,566
187,897
Total expenditure
12,737
175,829
188,566
187,897
Net expenditure
Transfers belween funds
{12.7371
25,470
{119,595)
(25,470)
1132,332)
(131,855)
11
Net movement in funds
12,733
1145,065}
(132.3321
(131.8551
Reconciliation of funds:
Total funds brought fomard
Net movement in funds
980,780
12,733
9,213,839
(145,065)
10,194,619
{132,332)
10,326,474
{131,855)
Total funds carried forward
993,513
9,068,774
10,062,287
10,194,619
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 20 form part of these financial statements.
Page 10

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03656378
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
Current assets
10,065,187
10,194,228
Cash at bank and in hand
39,214
90,789
39,214
90,789
Creditors.. amounts falling due within one
year
10
(42,114}
(90,398}
Net current assets I liabilities
(2.900)
391
Total net assets
10,062,287
10,194,619
Charity funds
Restricted funds
993,513
9,068.774
980,780
9,213,839
Unrestricted funds
Total funds
10,062,287
10,194,619
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 12 November 2024 and
signed on their behalf by..
Greg
pley
The not
m part of these financial statements.
Page11

HAMPSTEAD THEATRE FOUNDATION
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General infomiation
Hampstead Theatre Foundation is a charitable company limited by guarantee and incorporated in
England. The members of the company are the Trustees named on page 1. In the event of the company
being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
The address of the registered office is Eton Avenue. Swiss Cottage, London, NW3 3EU.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with Ihe Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The charity's functional and presentation currency is GBP.
Hampstead Theatre Foundation meets the definition of a public benefit enlity under FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
2.2 Going concern
The statement of financial position shows that the charity had net assets at t￿le balance sheet date of
£10,062.287 12023. £10,194.619} The charity is dependant on the support of a related company.
The trustees have received assurances from the related company that it will support the charity for
the foreseeable future. The financial statements have therefore been prepared on a going concern
basis.
Existing funding facilities, forecasts and projections indicate that the charity has adequate resources
to continue with some level of activity from minimal to full levels.
After reviewing the charity's forecasts and projections. the trustees have a reasonable expectation
that the charity has adequate resources to continue in operational existence for the foreseeable
future.
2.3 Fund accounting
General funds are unrestricted funds which are available tor use at the discretion of the Trustees In
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 12

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.4 Incoming Resources
Grants and donations receivable are recognised in incoming resources in the year in which they are
received.
Rental income is recognised when receivable by the charity.
2.5 Expenditure
All expenditure is accounted for on an accruals basis and has been included under expense
categories that aggregate all costs for allocation to activities. Where costs cannot be directly
attributed to particular activities they have been allocated on a basis consistent with the use of the
resources.
Charitable activities are costs related directly to the aims of the charity.
Governance cosls include those expenses incurred in the governance of the charity which do not
relate to the provision of the charitsble activities, but are primarily associated with the constitutional
and statutory matters.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
company's objectives. as well as any associated support costs.
2.6 Tangible flxed assets and depreciation
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following basis..
Theatre building
Over the lease tem of 99 years
2.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measLtred
reliably by the charity, this is normally upon notification of the interest paid or payable by the bank.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably. Liabilities and provisions are normally recognised at their
settlement amount.
Page13

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies Icontinued)
2.10 Financial instruments
The charity only has fi'nancial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2024
Total
funds
2024
Rental income
56,000
56,000
Unrestricted
funds
2023
Total
funds
2023
Rental income
56,000
58,000
Page 14

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Interest receivable
234
234
Unrestricted
funds
2023
Total
funds
2023
Interest receivable
42
42
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Direct costs
12,737
175,829
188,566
Restricted Unrestricted
funds
funds
2023
2023
Total
2023
Direct costs
12.737
175,160
187,897
Page 15

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Management of the theatre
129,966
56,000
2,600
188,566
Activities
undertaken
directly
2023
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Management of the theatre
129,247
56,000
2,650
187,897
Analysis of direct costs
Total
funds
2024
Activities
2024
Depreciation
Bank charges
Ground rent
129,040
43
129,040
43
883
883
129,966
129,966
Total
funds
2023
Activities
2023
Depreciation
Bank charges
Ground rent
129,040
107
100
129,040
107
100
129,247
129,247
Page 16

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities (continued
Analysis of direct costs (continued)
Analysls of support costs
Total
funds
2024
Activities
2024
Auditors, remuneration
2,600
2,600
Total
funds
2023
Activities
2023
Auditors, remuneration
2,650
2,650
Audttors. remuneration
2024
2023
Fees payable to the company's auditor for the audit of the company's
annual accounts
2,600
2,650
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits {2023 - £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page17

HAIIIPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee>
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Tangible fixed assets
Long-term
leasehold
property
Cost or valuation
At 1 April 2023
12,628,370
At 31 March 2024
12,628,370
Depreciation
At 1 April 2023
Charge for the year
2,434,142
129,041
At 31 March 2024
2,563,183
Net book value
At 31 March 2024
10,065,187
At 31 March 2023
10,194,228
10.
Creditors: Amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
25
2,000
3,145
5,070
42,850
39,333
40,089
42,114
90,398
Page 18

HAMPSTEAD THEATRE FOUNDATION
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. Statement of funds
ststement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expenditure
Unrestricted funds
General Funds - all funds
9.213.839
56,234
(175.829)
(25,470) 9,068,774
Restricted funds
Restricted Funds - all funds
980.780
(12,737}
25,470
993,513
Total of funds
10,194,619
56,234
1188,566}
10,062,287
Statement of funds - prior year
Balance at
31 March
2023
Balance at
1 April 2022
Income Expenditure
Unrestricted funds
General Funds - all funds
9,332.957
56,042
(175,160) 9,213,839
Restricted funds
Restricted Funds- all funds
993,517
(12,737)
980,780
Total of funds
10,326,474
56,042
{187.897} 10,194,619
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HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
993,513
9,071,674 10,065,187
39,214
39,214
(42,114)
142,114)
Total
993,513
9,068,774 10,062,287
Analysis of net assets between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
980,780
9,213,448 10,194,228
90,789
90,789
{90,398}
(90,398>
Creditors due within one year
Total
980,780
9,213,839 10,194,619
13. Related party transactions
During the year rent of £56,000 12023. £56,000} was received from Hampstead Theatre Limited and
grants of £56,000 (2023.. £56,000} were paid lo Hampstead Theatre Limited. At the balance sheet date
£Nil (2023.. £42.850} was owed to Hampstead Theatre Limrted.
14. Legal charge
Arts Council England has a charge through a legal mortgage, secured on all assets of the charitable
company, including the Theatre Buildin9. The charge was registered on 8 July 2008.
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