## ## ## |TRUSTEES' REPORT.| |---| |IMPACT OF COVID 19-REPORT AND UPDATE.| |PLANS FOR THE FUTURE..| |REFERENCE AND ADMINISTRATIVE
DETAILS.| |STRUCTURE, GOVERNANCE
AND MANAGEMENT| |INDEPENDENT EXAMINER'S REPORT.| |STATEMENT OF FINANCIAL ACTIVITIES.| |ACCOUNTING
POUCIES AND NOTES TO THE FINANCIAL STATEMENTS....| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Company|number|03761808(England|and Wales)|and Wales)|||||| |---|---|---|---|---|---|---|---|---|---| |Charity number||1077836(England and Wales)|||||||| |Principal and||128A Chalton Street, London||NW1 1RX|||||| |Registered|office||||||||| |Directors and trustees|||||||||| |The directors ofthe charitable
company (the charity) are its trustees for||||||||the purposes ofcharity law.|| |The trustees, officers||and staff serving during the year and since|||||the year end were as follows:||| |Trustees||Keith Ackerman
(Chair|from 09/18)||||||| |||Emma Bell|||||||| |||Bronagh McCann|||||||| |||Joanne Millard|||||||| |||John Nevin
(Deputy Chair from||09/18)|||||| |||Anthony
Obiezekpazu||||||Appointed|08/21| |||Emily Plosker|||||||| |||Andrew
Porter|||||||| |||John Rolph|||||||| |||Tracey Shevlin|||||||| |||David Stewart (Treasurer from 12/19)|||||||| |||Will Wharfe||||||Resigned|09/21| |Staff||CEO &Artistic Director|—Rosalind||Paul||MBE||| |||Head ofDevelopment|—Simma|Gershenson||||Resigned|02/2022| |||Head ofDevelopment|—Natasha|Shaw||||Appointed|03/2022| |||Finance &General Manager —Catherine|||||Hylton||| |||Arts Officer, Courses &Productions-||||Katie Wee|||| |Bookkeeping||Margam
Evans Ltd|||||||| |Strategic Consultant||Fiona Mallin-Robinson|||||||| |Banks||CAF Bank, 25 Kings Hill|Avenue,|Kings||Hill, West||Mailing, Kent, ME194JQ|| |||The Cooperative
Bank|Pic, PO Box101,1Balloon|||||Street,|| |||Manchester,
M60 4EP|||||||| |||Triodos Bank, Deanery|Road, Bristol||BS1SAS||||| |Independent||JS2 Ltd, One Crown Square, Church|||Street East,||||| |Examiners||Woking, Surrey, GU21|6HR||||||| ## ## ## ## ## |||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---| |||||Funds|Funds|Funds|Funds| ||||Note|2022|2022|2022|2021| |Income and endowments||from:||f|f|f|f| |Donations
and legacies|||1|292,229|114,041|406,270|284,484| |Other trading activities (fundraising)|||1|13,106||13,106|4,178| |Income from Investments|(bank interest)|||80||80|230| |TOTAL INCOME||||305~15|114,041|419,455|288,892| |Expenditure
on:|||||||| |Raising funds|||2-3|47,827||47,827|32,930| |Charitable
activities|||2-3|74830|126287|201118|138828| |TOTAL EXPENDITURE||||122,6S8|126,287|248,945|171,759| |NET INCOME/(EXPENDITURE)||||182,757|(12,247)|170,510|117,133| |Total funds at beginning ofyear||||403,044|46,939|449,982|332,849| |Total funds at end ofyear||||585,801|34,692|620,493|449,982| ## |BALANCE SHEET||2022|2021| |---|---|---|---| ||Note|E|E| |CURRENT ASSETS|||| |Cash at bank and in hand||637,625|451,017| |Debtors||447|| |Prepayments
and accrued income||11,277|4,196| |||649,349|455,213| |Trade creditors||(1,762)|| |Accruals||(3,010)|(2,409)| |Taxation and Social Security||(3,306)|(2,254)| |Pension contributions||(778)|(568)| |Deferred Income|4|(20,000)|| |Creditors:||(28,857)|(5,231)| |NET CURRENT ASSETSAND NET ASSETS|5|620,492|449,982| |FUNDS|||| |Unrestricted|||| |General
Unrestricted||150,004|111,702| |Designated||435,797|291,342| |Total Unrestricted||585,801|403,044| |Restricted||34,692|46,938| |TOTAL FUNDS|6|620893|449,982| ## ## ## ## ## ## ## ## |1
INCOME||||||| |---|---|---|---|---|---|---| ||||2022|2022|2022|2021| ||||Unrestricted|Restricted|TotalFunds|Total Funds| ||||Funds|Funds||| |Donations
and legacies|||f|E||| |Trusts||||||| |BBCChildren
In Need||||13,614|13,614|16,238| |Boris Karloff Charitable|Foundation|||3,000|3,000|1,500| |Carlile Family Foundation||||||15,000| |Crescendo|||1,000||1,000|| |Didymus||||||4,992| |Foyle Foundation|||15,000||15,000|| |Harold
Hyam Wingate Foundation||||7,725|7,725|| |John Lyon's Charity|||30,000|28,900|58,900|24,000| |Shadworth
Hodgson Bequest|||5,000||5,000|5,000| |The SirJames Roll Charitable||Trust||||1,000| |Thompson
Family Charitable||Trust|50,000||50,000|50,000| |Tom ap Rhys Pryce Memorial||Trust||5,000|5,000|4,000| |Wellington
Mgmt
UK Foundation|||46,000||46,000|37,500| |William Wates Memorial|Trust||2,000||2,000|| |Young Camden
Foundation||||1,282|1,282|| |Trusts Subtotal|||149,000|59,521|208,521|159,230| |One-off donations
(incl. In Memoriam)|||72,635||72,635|17,639| |Eyes &Ears|||25,243||25,243|26,340| |Statutory Grants||||20,700|20,700|26,180| |Audience
donations|||4,466||4,466|| |Corporate sponsorship|||15,039|33,820|48,859|32,803| |Gift Aid Recovered|||11,616||11,616|8,552| |In Kind donations|||14,230||14,230|13,740| |Total Donations and legacies|||292,229|114,041|406,270|284,484| |Other Trading (Fundraising)||||||| |Merchandise
sales|||3,352||3,352|718| |Studio hire|||1.223||1.223|| |Marathon
runners / Cyclists|/2.6|Challenge|7,169||7,169|853| |Other fundraising
(one offevents)|||1,363||1,363|2,607| |Total Other trading activities|||13,106||13,106|4,178| ## |2|OPERATING|OPERATING|AND SUPPORT COSTS|(continued)|| |---|---|---|---|---|---| |||||2022|2021| |||||E|| ||Operating|lease payments||6,200|9,900| |3|STAFF COSTS||||| |||||2022|2021| |||||E|E| ||Wages||and salaries (gross)|133,464|100,786| ||Social|security costs||9,341|5,293| ||Pension||costs|4,202|3.131| ||TOTAL|||147,007|109,210| ## |||||Unrestricted
funds|Restricted funds|Restricted funds|Total| |---|---|---|---|---|---|---|---| |||||E|||E| ||Net current assets|||585,801|34,692||620,493| |6|STATEMENT OF|FUNDS IN THE||YEAR|||| ||||Asat1|Income|Expenditure|Transfers|Asat30April| ||||May|E|E|between funds|2022| ||||2021f|||E|E| ||Unrestricted
Funds||||||| ||General||111,702|297,350|99,556|(159,492)|150,004| ||Unrestricted||||||| ||Designated|In|||||| ||Memoriam||3,000|8,065|11,065||| ||Nick Gray||||||| ||Designated||||||| ||Kathryn
Findlay||288,342||12,037|159,492|435,797| ||Future Fund||||||| ||Total Unrestricted||403,044|305,415|122,658||585,801| ||Restricted
Funds||||||| ||Courses fund||42,567|93,341|118,273||17,634| ||Kathryn
Findlay
Future Fund||4,372|20,700|8,014||17,058| ||Total Restricted||46,939|114,041|126,287||34,692| ||Total Funds||449,982|419,455|248,945||620~93| ## ## ## |STATEMENT OF FU|NDS IN T|HE PRIOR YEAR|||||| |---|---|---|---|---|---|---|---| |||Asat 1
May 2020
f|Income
f|Expenditure
f|Transfers
between
funds f|As|at30April
2021| |Unrestricted
Funds|||||||| |General Unrestricted||111,702|241,162|158,535|(82,627)||111,702| |Designated
In
Memoriam
Nick Gray|||||3,000||3,000| |Designated
Kathryn
Findlay Future
Fund||208,715|||79,627||288,342| |Total Unrestricted||320,417|241,162|158,535|||403,044| |Restricted Funds|||||||| |Courses fund||8,059|47,730|13,223|||42,566| |Kathryn
Findlay
Fund|Future|4,372|||||4,372| |Total Restricted||12,431|47,730|13.223|||46,938| |Total Funds||332,848|288,892|171,758|||449,982| ## ## ## |11.
INCOME —PRIOR YEAR||||| |---|---|---|---|---| |||2021|2021|2021| |||Unrestricted|Restricted|Total Funds| |||Funds|Funds|| |Donations and legacies||E|f|| |Trusts||||| |BBCChildren
In Need|||16,238|16,238| |Boris Karloff Charitable
Foundation|||1,500|1,500| |Camden
Giving
KX Fund||||| |Camden
Inclusive
Community|Fund|||| |Carlile Family Foundation||15,000||15,000| |Didymus|||4,992|4,992| |Garfield Weston Foundation||||| |John Lyon's Charity||24,000||24,000| |Joseph Mindel Trust||||| |Labtech London||||| |London Community
Foundation||||| |Macidntosh
Foundation||||| |RL Charitable
Trust||||| |Shadworth
Hodgson
Bequest||5,000||5,000| |The Goldsmiths
Company||||| |The SirJames Roll Charitable|Trust|1,000||1,000| |Thompson
Family Charitable|Trust|50,000||50,000| |Tom ap Rhys Pryce Memorial|Trust|4,000||4,000| |Wellington
Mgmt
UK Foundation||12,500|25,000|37,500| |Other Trusts (total)||||| |Trusts Subtotal||111,500|47,730|159,230| |One-off donations
(incl. In Memoriam)||17,639||17,639| |Eyes (EEars||26,340||26,340| |Statutory Grants||26,180||26,180| |Audience
donations||||| |Corporate sponsorship||32,803||32,803| |Gift Aid Recovered||8,552||8,552| |In Kind donations||13,740||13,740| |Total Donations and legacies||236,754|47,730|284,484| |Other Trading (Fundraising)||||| |Merchandise
sales||718||718| |Marathon
runners / Cyclists /2.6Challenge||853||853| |Other fundraising
(one offevents)||2,607||2,607| |Total Other trading activities||4,178||4,178| ## ## |||2021|2021|2021| |---|---|---|---|---| |||Raising|Charitable|Total| |||funds|activities|| |||f|f|| |Direct costs||||| |Staff costs (see Note 3)||21,842|87,368|109,210| |Performance
venue hire|||150|150| |Hire ofrehearsal
space||||| |Hire ofclass space||||| |Set, costumes and props|||7,270|7,270| |Production
support expenses|||3,910|3,910| |Children's
expenses|||10|10| |Volunteer expenses|||928|928| |Travel and expenses|||504|504| |DBS|||147|147| |Insurance|||1,415|1,415| |20th Birthday projects||||| |Publicity materials||||| |Development||228||228| |Subscriptions||808||808| |Total direct costs||22,878|101,702|124,580| |Support costs||||| |Governance costs||||| |Strategic planning||563|2,250|2,813| |Reporting accountants'|fees|343|1,373|1,716| |Governance
sundries||2,597|10,386|12,983| |Subtotal Governance
costs||3,503|14,009|17,512| |Other support costs||||| |Office rental and overheads||1,980|7,920|9,900| |Bank Charges||16|62|78| |Covid Security||158|633|791| |Telephone
&Internet||216|862|1,078| |Printing||70|280|350| |Postage||196|782|978| |Stationery||55|218|273| |Training &Recruitment||363|1,450|1,813| |IT||190|762|952| |Remote working
upgrade||1,961|7,843|9,804| |Merchandise||6||6| |Bookkeeping||542|2,167|2,709| |Office Sundries||34|138|172| |Fundraising
Events||762||762| |Subtotal Other support costs||6,549|23,117|29,666| |Total support costs||10,052|37,126|47,178| |TOTAL COSTS||32,930|138,828|171,758|