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 2025

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarant•e)
CONTENTS
Page
Referencé and Administrative Details of the Company, its Trustees and Advisers
Trustees. Report
Independent Auditors, Report on tho Financlal Statements
Statement of Financial Activities
10
Balance Sheet
11
Notes to the Financial Ststements
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 2025
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
IA Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the audited financial statements of the company for the
1 April 2024 to 31 March 2025. The Annual Report Se￿eS 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 wtth the current statutory requirements, the requirements of the charitable
companls governing document and the provisions 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. Govemance
Hampstead Theatre Foundation is both a registered charity and a company limited by guarantee having no
share capital,. it is governed by its charitable objects and Memorandum and Articles of Association and is a non-
profrt distributing organisation. The liability of its members in the event of the charity being wound up is limited to
£1.
b. Dlrectors and Trustees
The directors of the charitable company are its Trustees for the purpose of charity law, and throughout this
report are collectively referred to as the Trustees. The Trustees who served during Ihe year and Sin￿ 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 regularfy. They have certain legal, financial and fidiciary duties under company law and as
Trustees rnust also comply with charity18W.
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 infomiation relating to
the charity. All trustees are kept infomed about relevant developments within the Charity sectof.
e. Related Parties
The charity has no subsidiaries. The charity has a close relationship with Hampstead Theatre Limited, a
ompany also limited by guarantee and a registered charty, to whom it leases the theatre building.
f. Rlsk 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

HAMPSTEAD THEATRE FOUNDATION
IA Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
a. Principal Acllvlty
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 charty has had
regard to the guidance from the Charity Commission to ensure that its objects and activities are applied for the
public benefft.
Since its incorporation the charity has had responsibility for building 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 building 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 Charity Commission's guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
. Review of leases
The Foundation Continues to lease the building to Hampstead Theatre Limited and lo support its work with
grants as shown in the accounts.
b. Revlew of activities
The detailed figures are contained in the financial statements. The charity had net outgoing resources of
£131,548 (2024.. £132,332) for the year. Fixed assets, which consist of the theatre, are shown at net book value
of £9,930,739 {2024.' £10,065,187). Unrestricted funds at 31 March 2025 amounted to £8,949,963 (2024..
£9,068,774).
c. Reserves policy
The trustees have adopted a reseNes 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 £5,405 (2024= negative £2,900), which the trustees consider
is acceptable. Going forward the charity will raise more funds to increase these reseNes.
d. Investment Powers, Pollcy and Perforniance
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 Guarantee
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
PLANS FOR THE FUTURE
a. Future leases
Hampslead Theat￿ Foundation will continue to lease the theatre to Hampstead Theatre Limited for the tenn 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 lawl are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom GenerallyAc¢epted Accounting Practice).
Company law requires the Trustses to prepare financial slatements for each financial year . Under company
law. the Trustees must nol approve the financial ststements unless they are satisfied that they gtve a true and
fair view of the state of affairs of the company and of rts incoming resources and application of resour￿$,
including its income and expenditure, for that period. In preparing these financial statements, the Trustees are
required to..
select suitsble accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP {FRS 102}"
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
companywill Continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the companvs transactions and disclose with reasonable accuracy at any time the financial posbtion 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 taking 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 confirmed that:
so far as that Trustee is aware, there is no relevant audit infomiation of which the charity's auditors are
unaware, and
that Trustee has taken all Ihe 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 infomiation.
Page 4

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
AUDITORS
The auditors, Nyman Libson Paul LLP, have indicated their willingness lo 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 December 2025 and signed on their behalf
by:
Greg
(Trus
Page 5

HAMPSTEAD THEATRE FOUNDATION
IA Company Limited by Guarantee}
INDEPENDENT AUDITORS, REPORTTO 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 2025 which comprise the Statement of Financial Activities, the Balance Sheet. the
ststement of Cash Flows and the related notes. including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparats'on 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 view of the state of the charitable companys affairs as at 31 March 2025 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 accordance with the requirements of the Charities Act 2011 and Companies Act
2006.
Basis for oplnlon
We conduded our audit in accordance with International Stsndards on Auditing (UK) (ISAS {UK)) and applicable
law. Our responsibilities under those slandards are further described in the Auditors, responsibilities for the audit
of the finanGial 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 statemenls in the United Kingdom.
induding the Financial Reporting Council's Ethical Standard, and we have fulfilled our other 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 Goncern
In auditing the financial statements, we have concluded that 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 perforned, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charitable companvs 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 responsibilities and the responsibilrties 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 infomiation comprises the infomiation 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 inforniation and,
except to the extent otherwise explicitty stated in oui 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 infonnation is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears to be maletially 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 infomation 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 arxordance with applicable legal requirements.
Matters on which we are requlred to report by exception
In the light of our knowledge and understanding 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 kept, or returns adequate for our audit have not been
received from branches not visited by us. or
the financial 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 prepare the financial statements in accordance with the small
companies regirne 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 Trustees, 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 that 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
misststement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companls
ability to continue as a going Concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of arxounting 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, REPORTTO THE MEMBERS OF HAMPSTEAD THEATRE FOUNDATION
(CONTINUED)
Audltors. responsibilities for tho audlt of the flnancial 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 a55urance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS {UKI 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, outlined 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 perform 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 of journal 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 wll 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
nsibilities. This description forms part of our
Auditors, Report.
Page 8

HAMPSTEAD THEATRE FOUNDATION
{A Company Llmlted by Guaranto8)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF HAMPSTEAD THEATRE FOUNDATION
(CONTINUED)
Use of our report
This report is made solely to the charitable companys members, as a body, in acGordance with Chapter 3 of
Part 18 of the Companies Ad 2006. Our audit woth has been undertaken so that we might state to the
charitable companrfs members those matters we are required to state to 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 charitabla company and its rnembers, as a body. for our audit work, for this report, or for the opinions
we have forrned.
Hetal Mlstry (Senlor Statutory Auditor)
for and on behalf of
Nyman Llbson Paul LLP
Chartered Accountants
statutory Auditors
124 Finchley Road
London
NW3 5JS
Page 9

HAMPSTEAD THEATRE FOUNDATION
(A Company Limitsd by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Restricted
funds
2025
Unrestricted
funds
2025
Total
funds
2025
Totsl
funds
2024
Note
Income from:
Other trading adivities
Investments
56,000
248
56,000
248
56,000
234
Total income
56,248
56,248
56,234
Expenditure on:
Charitable activities
12,737
175,059
187,796
188,566
Total expendlture
12,737
175,059
187,796
188,566
Net movement in funds
(12,737)
(118,811)
{131,548)
(132,332)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
993,513
{12.737)
9,068,774
(118,811)
10,062,287
(131,548)
10.194,619
(132,332)
Total funds carried foThvard
980,776
8,949,963
9,930,739
10.062,287
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
IA Company Limited by Guarantee}
REGISTERED NUMBER: 03656378
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixad assets
Tangible assets
Current assets
9,936,147
10,065,187
Debtors
Cash at bank and in hand
10
179
36,525
39,214
36,704
39,214
Creditors.. amounts falling due within one
year
11
(42,112)
(42,114)
Net current assets I liabilities
(5,408)
(2,900)
Total net assets
9,930,739
10,062,287
Charity funds
Restricted funds
Unrestrided funds
12
12
980,776
8,949,963
993,513
9,068,774
Total funds
9,930,739
10,062,287
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with r8spect 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 December 2025 and
signed on
eir behalf by..
Greg Ri
rrus
le
notes
ages 1210
fomi part of these financial statements.
Page11

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General infomiatlon
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 financlal 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 accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) {effe¢tive 1 January 2019), the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006.
The chariws functional and p￿SentatIOn currency is GBP.
Hampstead Theatre Foundation meets the definition of a public benefit entty 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 the balance sheet date
of £9,930,739 (2024.. £10,062,287>. 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 charitys 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 for 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 wtth 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 2025
Accounting policies (continued)
2.4 Incoming Resources
Grants and donations receivable are recognised in incoming resources in the year in which they are
received.
Rentsl 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 directty to the aims of the charity.
Governance costs include those expenses incurred in the governance of the Charty which do not
relate to the provision of the charitable activities, but are primarily associated with the constitLrtional
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 fixed assets and depreciation
Tangible fixed assets are carried at C05t. net of depreciation and any provision for impaimient.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimated useful lives.
Depreciation is provided on the following basis=
Theatre building
Over the lease term of 99 years
2.7 Interest rec8ivablo
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity: Ihis is normally upon notification of the interest paid or payable by the bank.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Page 13

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.10 Llabllities 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 nomially
recognised at their settlement amount.
2.11 Flnancial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financi81 instruments are initially recognised at transaction value and
subsequently measured at their settlement value.
Income from other trading activities
Income from non charitsbl8 trading activities
Unrestricted
funds
2025
Total
funds
2025
Rental income
56,000
56,000
Unrestricted
funds
2024
Total
funds
2024
Rental income
56,000
56,000
Page 14

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestricted
funds
2025
Total
funds
2025
Interest receivable
248
248
Unrestricted
funds
2024
Total
funds
2024
Interest receivable
234
234
Analysis of expenditure on charitablo activitles
Summary by fund type
Restricted Unrestricted
funds
funds
2025
2025
Total
2025
Direct costs
12,737
175.059
187,796
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Direct costs
12,737
175,829
188,566
Page 15

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Grant
funding of
activtties
2025
Support
osts
2025
Totsl
funds
2025
Management of the theatre
129,196
56,000
2,600
187,796
Acttvities
undertaken
directly
2024
Grant
funding of
activities
2024
Support
costs
2024
Total
fund5
2024
Management of the theatre
129,966
56,000
2,600
188,566
Analysis of direct costs
Total
funds
2025
Activities
2025
Depreciation
Bank charges
Ground rent
129,040
57
99
129,040
57
99
129,196
129,196
Total
funds
2024
Activrties
2024
Depreciation
Bank charges
Ground rent
129,040
43
883
129,040
43
883
129,966
129,966
Page 16

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expendlture by activities (continued)
Analysls of direct costs (continued)
Analysls of support costs
Total
funds
2025
Activities
2025
Auditors, remuneration
2,600
2,600
Total
fijnds
2024
Activities
2024
Auditors, remuneration
2,600
2,600
Auditors. rèmuneration
2025
2024
Fees payable to the company's auditor for the audit of the company's
annual accounts
2,600
2,600
Trustees, remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025. no TNstee expenses have been incurred (2024- £NIL).
Page 17

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Tangible fixed assets
Long-term
leasehold
property
Cc*St or valuation
At 1 April 2024
12,628,370
At 31 March 2025
12,628,370
Deprociation
At 1 April 2024
Charge for the year
2,563,183
129,040
At 31 March 2025
2,692,223
Net book value
At 31 March 2025
9,936,147
At 31 March 2024
10,065,187
10. Debtors
2025
2024
Prepayments and accrued income
179
179
11. Creditors: Amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Accruals and deferred income
25
2,000
40,089
2,800
39,312
42,112
42,114
Page 18

HAMPSTEAD THEATRE FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Statement of funds
Statsment of funds - current year
Balance al
31 March
2025
Balance at 1
April 2024
Income Expenditure
Unrestrlcted funds
General Funds- all funds
9,068,774
56,248
(175,059} 8,949,963
Restricted funds
Restricted Funds - all funds
993,513
(12,737)
980,776
Total of funds
10,062,287
56,248
(187,796) 9,930,739
Statsment of funds - prior 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
{188,566)
10,062,287
Page 19

HAMPSTEAD THEATRE FOUNDATION
IA Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Analysis of net assets between funds
Analysis of net assets between funds - current year
Restricted Unrestricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
980,776
8,955,371
36,704
(42,112)
9,936,147
38,704
(42.112}
Total
980,776
8,949,963
9,930,739
Analysis of net assets between funds - prior year
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)
(42,1141
Total
993,513
9,068,774 10,062,287
14. Related party transactlons
During the year rent of £56,000 (2024: £56,000) was received from Hampstead Theatre Limited and
grants of £58,000 (2024.. £56,000) were paid to Hampstead Theatre Limited.
15. NonAdjusting Event
Arts Council England had a charge through a legal mortgage, secured on all assets of the charitable
company, including the Theatre Building. The charge was registered on 8 July 2008 and a discharge was
subsequently signed by Arts Council England and filed after the reporting period.
Page 20