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2025-03-31-accounts

ICON THEATRE

Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

Charity Number: 1097311 Company Number: 4579447 (England & Wales)

Icon Theatre Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

Contents Page
Report of the Trustees 2 - 13
Independent Examiner's Report to the Trustees 14
Statement of Financial Activities 15
Statement of Financial Position 16
Statement of Cashflows 17
Notes to the Financial Statements 18 - 26

1

Icon Theatre Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

REPORT OF THE TRUSTEES

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 31 March 2025. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity : Icon Theatre Charity Registration Number : 1097311 Company Registration Number : 4579447

The trustees and officers serving during the year and since the year end, were:

Ms N Alison (Resigned 27 June 2024) Miss G L Cook (Appointed 5 August 2024) Mr J Finch-Harding (Appointed 16 April 2024) Mrs N Gurung (Appointed 5 August 2024) Miss S Hamlet Ms A Lang (Appointed 5 November 2024 Ms J Macpherson – Chair of Trustees (Appointed 16 April 2024) Ms N Mitchell (Resigned 25 November 2024) Ms F Paul (Appointed 28 June 2024) Miss M M Pillay Ms T Siddiqa Amin

Secretary

Mr D King

Artistic Director/CEO

Ms N Hirst

Executive Director

Mr D King

Independent Examiner: Jonathan Chartres FCA, 31, Moor Park Road, Hereford, HR4 0RR

Principal Address : Icon Theatre, Admiral’s Offices, Main Gate Road, The Historic Dockyard Chatham, Medway ME4 4TZ

Approved by the Board of Trustees on

and signed on its behalf by:

Ms J K Macpherson, Chair of Trustees

2

Icon Theatre Trustees’ Report & Financial Statements

For the Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES

About Icon Theatre

Icon Theatre (established 2002) is one of the country’s leading theatre and participatory arts charities, driven by a vision of communities empowered through theatre.

Icon is a locally focussed organisation with a national profile and gives individuals opportunities to engage with and experience high-quality theatre as participants and audiences. Our work prioritises reaching those with little or no access to arts, as well as those who are socially excluded, including individuals from LGBTQIA+ and ethnically diverse communities, D/deaf and disabled people, individuals affected by mental health challenges and those facing socioeconomic barriers.

The company specialises in supporting young people, socially excluded communities and artists to develop their creativity, offering opportunities for engagement, progression and learning. Through workshops, performances and touring theatre productions, Icon shares its outcomes with local and national audiences, as well as the wider sector, inspiring greater impact and long-term change for individuals and communities.

Areas of Activity

Creative Engagement

Theatre Productions and Artist Development

Where We Work

Operating from our base in Chatham, our creative engagement programmes focus on North Kent, particularly Medway and Swale, areas that rank among the top 10% most deprived in England. By concentrating on these communities, we focus on developing long-term relationships, routes for progression and deeper impact.

3

For the Year Ended 31 March 2025

Icon Theatre Trustees’ Report & Financial Statements

How We Work

Icon works in partnership with a range of support agencies and leading local and national organisations to amplify our reach and deepen the experiences we offer. Recent partners have included Child Friendly Medway, Medway African and Caribbean Association, the Albany, Theatre Royal Stratford East, ZooNation: The Kate Prince Company, the Royal Opera House, All Saints Community Project, Medway Voluntary Action, Medway Diversity Forum, local foster agencies and social services.

We take a youth- and community-led approach to developing and evaluating our creative engagement programmes and theatre productions. Feedback is gathered through informal channels such as our Youth and Community Panels, as well as through formal evaluation processes. This continuous input, combined with ongoing research into the needs of local young people, communities and commissioners, ensures our work remains relevant, impactful and responsive to those we serve.

Our creative engagement programme is free to access and fully inclusive, ensuring that those who face the greatest barriers can take part. Participants with additional needs are provided with specialist access support, for example tailored provision for neurodiverse individuals and those experiencing mental health challenges.

ACHIEVEMENTS AND PERFORMANCE

2024-25 Impact & Achievement Headlines

Creative Engagement (Young People)

Icon’s young people’s creative engagement programme focuses on working strategically an in a preventative way to address issues they face. Often these issues occur at some of the most challenging points in their lives. Key programme areas from 2024-25 are listed below.

4

Icon Theatre Trustees’ Report & Financial Statements

For the Year Ended 31 March 2025

Icon Youth Theatres – Icon Youth Theatres engage around 90 young people aged 8 to 18 each week through four groups, two based in Gillingham and two in Sheerness. The Youth Theatres provide a supportive, inclusive space where young people can use drama to explore the issues and challenges that affect them. This year, these have included mental health and emotional wellbeing, peer relationships and bullying, and exploring personal and cultural identity.

Each term, participants choose what they want to learn and perform, developing theatre and life skills including writing, communication and teamwork. They also have opportunities to perform publicly or take on creative and backstage roles alongside their peers. Some members are at risk of exclusion or not currently in education, employment or training and through the programme they can access further support, guidance and development opportunities.

" Before I joined Icon, I didn’t think I could speak up in front of people. Now I feel more confident, and I speak up at school ” Participant

Incubator Creative Careers Programme – The Incubator Programme provides young people aged 13 to 25, specifically from underrepresented backgrounds, with opportunities to explore and develop career pathways in creative, backstage and technical theatre. Developed in collaboration with Icon’s youth panel, this programme gives participants broad exposure to a range of job roles across the industry and includes theatre trips, backstage and technical training, work experience, talks from professionals and mentorship supported by Icon and our partner venues, which this year included Theatre Royal Stratford East, The QEII Centre and Jacksons Lane. Participants on this programme will take their first paid backstage roles on Icon’s next production Ghost Ships, with some taking their first paid roles as backstage team members, and others working as assistants in choreography, composition and technical production alongside an industry-leading team.

" I didn’t know there were so many jobs in theatre. Working behind the scenes on Ghost Ships showed me I could do this for a career. I’d really like to ." Participant

Icon Youth Club – Icon Youth Club takes place weekly at The Salvation Army in deprived central Chatham. It is the only free drop-in opportunity available for young people in the evening, providing a safe and supportive space for children ages 13 to 19. Many participants face complex home lives, poverty or social isolation, and are at risk of exclusion or not in education, employment or training (NEET). This year, 800 young people took part in free sessions, choosing activities such as music, gaming, cooking and creative projects, while also being signposted to education, mental health and counselling support.

" I used to hang around on Chatham High Street. There’s a lot of drugs and gangs around here, and kids get involved because there’s nothing else to do. At the youth club, I tried cooking for the first time. They encouraged me to apply for a cooking course at college. I wouldn’t have done that without Icon ." Participant

5

Icon Theatre

Trustees’ Report & Financial Statements

For the Year Ended 31 March 2025

Theatre Club (Holiday and Lunch Programmes) – Icon’s Theatre Club provides essential support to children (aged 7 to 16) from low-income and vulnerable families at one of the most financially challenging times of year, the school holidays. This year, young people could access a one-week (Easter) and three-week (Summer) theatre programme including acting, dance, puppetry and a nutritious meal each day.

Schools’ Programme – Icon works with state-funded secondary schools in Medway and on the Isle of Sheppey with the highest number of disadvantaged children (as defined by Compare School Performance). This year, 285 young people were introduced to the world of theatre through workshops inspired by production Ghost Ships and its themes of colonialism, migration and identity. Activities included dance and stagecraft techniques, giving participants a creative platform to explore complex ideas through their own voices. Teachers from participating schools developed their practice through continued professional development sessions, including support for schools to achieve Arts Award and Artsmark accreditation.

" It was a great extracurricular opportunity for our performing arts students, linking well with what they’re learning for their coursework. It was also extremely beneficial in supporting their BTEC components and helping them understand practitioners’ work to implement in their own performances ." Teacher

The evaluation of our young people’s creative engagement programme 2024-25 included:

Creative Engagement (Adults)

Icon’s creative engagement programme for adults focuses on working in partnership with local organisations to address some of the vital challenges and inequities they face.

6

Icon Theatre Trustees’ Report & Financial Statements

For the Year Ended 31 March 2025

Arts & Wellbeing Programme – Icon’s new Arts and Wellbeing programme supports adults in the deprived Luton area of Chatham who experience loneliness, isolation or mental health challenges. Through weekly sessions held year-round, the programme uses creative activities such as craft and drama to build confidence, social connection and wellbeing. Delivered in partnership with local health and community organisations, this work forms part of a wider Arts and Wellbeing collaboration across Medway, using NHS health data and the arts to address local health inequalities.

Open Stage – Open Stage is a weekly theatre group tailored to vulnerable adults, who are often experiencing mental health conditions or loneliness and isolation. Many of the participants in this group have experienced homelessness at some point in lives. Through collaborative storytelling and performance, Open Stage empowers its members, providing them not just an artistic outlet but also a vital sense of community and support.

“ I lost my job when the docks closed in the 1980s and have been in and out of homelessness since. Open Stage gives me hope each week ” Participant

Theatre Productions

This year marked a period of significant artistic growth for the company.

Ghost Ships

★★★★ “ Quite unlike anything you’ve seen before… irresistible… The crowd was rapt throughout .” The Telegraph

Ghost Ships was a major community engagement programme about the history of Chatham Dockyard, culminating in a large-scale, co-created, site-specific theatre production. Inspired by newly uncovered research and oral histories from Medway’s South Asian and African Caribbean communities, the production told new and lesser-known stories, including Britain’s involvement in slavery, abolition and the Bengal Famine, asking: Who owns our history, and what stories should we tell ?

Featuring an ensemble of over 200 people, Ghost Ships brought together professional performers and local residents in both performing and backstage roles. Directed by Icon’s Artistic Director, Nancy Hirst, the production combined Hip Hop choreography from Olivier Award winners ZooNation: The Kate Prince Company, Kathak dance by Amina Khayyam Dance Company, original live music and the collective power of a large community chorus.

Ghost Ships Impact and Achievements:

7

Icon Theatre Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

" I saw people from eight to eighty, both in the audience and on the stage. I saw amateurs and community groups performing with the most highly talented professionals. This gave me hope in a world where I often find very little ." Audience Member

" It was such a moving show that shone a light on some very sad and important stories globally, and on the impact of the Dockyard’s closure. It was hopeful and joyous about multiculturalism and Medway’s future ." Audience Member

The House That Floated Away (Research & Development)

The House That Floated Away is a new climate-justice engagement programme and co-created theatre production developed with communities on the Isle of Sheppey. With an estimated 8,900 properties in England currently at risk from climate-change-driven coastal erosion, the programme aims to amplify the voices of deprived coastal communities whose homes have been, or are at risk of being, lost to the sea (Climate Change Committee, 2018).

Drawing on testimonies from affected residents, neighbours, young people and climate experts, the production explores themes of resilience, belonging, and the unconventional courage shown by communities facing profound environmental change. As part of Icon’s wider journey towards net zero, The House That Floated Away will model sustainable theatre-making practices, contributing to sector-wide learning and innovation.

The Snow Queen: A Woodland Adventure (Research & Development)

Building on Icon’s decade of experience in creating interactive theatre for early years, The Snow Queen: A Woodland Adventure is a new co-production with the Albany for children aged 3 to 8. The production explores themes of friendship, bravery, forgiveness and inclusion, aligning with the PSHE curriculum for Key Stages 1 and 2. It helps children learn about supporting friends, overcoming fears and expressing emotions, while its woodland setting encourages an appreciation of nature and the outdoors.

Developed with input from primary school children in Medway through Explore and Draw workshops, the production brings their creative ideas to life on stage. In 2025, The Snow Queen: A Woodland Adventure will run at the Albany, with a schools tour and performances at The Brook Theatre in Chatham currently in development.

Icon creates festive theatre productions to offer young people their first experiences of live performance through subsidised tickets. Projects like this contribute to our mixed-income model, enabling the company to reinvest in free cultural opportunities for local communities in Medway and Swale.

8

Icon Theatre Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

Diversity, Equity & Inclusion

2024–25 was the second full year of delivering Icon’s new Equity, Diversity and Inclusion Strategy and Action Plan (2023–26). Over the past year, we have continued to take meaningful steps to embed equity across our recruitment, programming and organisational culture. We are particularly proud of these developments achieved this year:

Environmental Sustainability

Icon Theatre is committed to reducing its environmental impact and to using the arts to inspire others to take positive climate action. In 2024–25, we launched a new Environmental Policy and Action Plan, placing climate justice and creative responsibility at the heart of our artistic and organisational practice, and following the Theatre Green Book framework.

As part of this commitment, we are researching and developing The House That Floated Away, a new climate-themed community engagement programme and theatre production. This year, Icon also led a Creative Climate Roadshow on the Isle of Sheppey, engaging local communities in conversations about climate change through craft, storytelling and shared creativity in public spaces.

FUTURE PLANS

In 2025-26, Icon Theatre has set the following objectives:

FINANCIAL REVIEW

In 2024–25, Icon’s income was £504,828. Arts Council England’s National Portfolio grant represented 52% of this income. The remaining income was derived from earned income (27%) and fundraising (21%). Our trajectory is to maintain relatively high levels of fundraising (28%) and earned income (24%) in future years.

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For the Year Ended 31 March 2025

Icon Theatre Trustees’ Report & Financial Statements

Icon’s expenditure was £539,448, resulting in an anticipated net loss of £34,619, planned in light of the surplus achieved in 2023–24 and project delivery expenditure. At the end of the financial year, the company remains in a stable position, with a Designated Operational Reserve of £108,000, a Designated Fund of £74,000 for scheduled artistic expenditure in 2025–26, and unrestricted general funds of £4,171.

The company has strong relationships with charitable trusts and foundations, and both Medway Council and Kent County Council are supportive of our work. We will continue to fundraise from trusts, foundations and lottery funders, as well as collaborating with local authorities on joint initiatives. Icon’s policy is to secure full funding for each project or programme at least three months before activities commence.

Our programme of activities in 2024-25 would not have been possible without the generous support of our many funders, including:

We extend our heartfelt thanks to these supporters as well as to our individual donors. We are also deeply grateful to our dedicated volunteers, who generously give their time to support our work.

Reserves

The organisation’s reserves policy is to maintain a Designated Operational Reserve. This reserve exists to support the company in the event of unexpected funding challenges, to meet unplanned expenditure, or to respond to unforeseen circumstances that could materially affect Icon Theatre’s ability to pursue its objectives or fulfil contractual obligations.

The Designated Operational Reserve target is £125,000, equivalent to approximately three months’ turnover. At the end of 2024–25, the Designated Operational Reserve stood at £108,000, with a target to achieve the remaining balance by 2027.

10

Icon Theatre Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

Icon’s reserves policy aims to maintain a level of reserves that ensures financial stability while maximising the use of resources for programme delivery. The trustees review the level of reserves annually and hold the power to designate reserves for specific activities or to achieve particular strategic objectives.

Principal Risk and Uncertainties Facing the Charity

The Trustees assess the principal risks and uncertainties facing Icon Theatre and the mitigating actions required on a quarterly basis. The current principal risks are:

Economic – The ongoing impact of high inflation, the cost-of-living crisis and increased energy costs on delivery, as well as the increasingly challenging funding climate including budgetary restraints of local authorities.

Risk management and mitigation includes:

Trustees are currently satisfied that this approach will enable Icon Theatre to continue to achieve our fundraising goals over the foreseeable future.

Loss of key members of senior management staff – Like many charities of our size there is a reliance on a small executive team. The impact of losing the Artistic Director/CEO and Executive Director would be considerable. Development of the wider team and Board has helped offset this risk.

Risk management and mitigation include:

Trustees are currently satisfied that this approach mitigates this risk.

11

Icon Theatre Trustees’ Report & Financial Statements For the Year Ended 31 March 2025

GOING CONCERN

The financial statements are prepared, on a going concern basis, under the historical cost convention. The Trustees have considered the ability of the Charity to meet its obligations for at least 12 months from the date of signing and have concluded that there are no circumstances that would give rise to doubt over its ability to continue as a going concern.

Statement on Public Benefit

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2). The charity provides public benefit by advancing education by the promotion of arts, in particular but not exclusively the art of drama.

A summary of the major work and assistance provided by the charity is contained in its website at www.icontheatre.org.uk where its services are outlined. The Trustees have reviewed the Charity Commission guidelines on public benefit and are satisfied that the charity provides public benefit in line with this guidance.

Conclusion

I am proud to report that 2024–25 has been a year of exceptional artistic ambition, growth and impact. From the landmark community production Ghost Ships to the development of new projects such as The House That Floated Away and The Snow Queen : A Woodland Adventure , Icon has continued to create high-quality, socially engaged theatre that gives voice to our communities and brings people together.

This year also saw the launch of our Environmental Policy and Action Plan and further progress in delivering our Equity, Diversity and Inclusion Strategy, reinforcing our commitment to building a more sustainable, equitable and representative organisation and world. None of this would have been possible without the dedication and creativity of Icon’s core team, artists, freelancers and community partners, who continue to deliver outstanding work across Medway, Swale and beyond.

I would like to extend my thanks to our funders and supporters, whose ongoing commitment makes this work possible. I am deeply grateful to my fellow Trustees for their guidance, expertise and shared belief in the power of theatre to create change.

Ms J Macpherson, Chair of Trustees

12

Icon Theatre Trustees’ Report & Financial Statements

For the Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of trustees

Icon Theatre recruits trustees through an open and transparent recruitment process. We identify skills needed on the Board through an annual skills audit. A Person Specification and Job Description are then drawn up, and adverts are placed in a variety of national and local outlets, to secure the best range of candidates, which reflect the diversity of contemporary Medway. Potential trustees apply in writing, and shortlists for interview are made through assessment against the Person Specification.

New trustees are proposed at quarterly meetings, and their proposal is discussed by existing trustees. Potential trustees observe at board meetings, at the end of which, a vote is taken as to whether to appoint them as a new trustee. New trustees receive copies of Icon’s policies and business plan and are briefed on the structure and operations of the company. Away Days for the board and senior management provide additional ongoing opportunities for reflection, training and continuing professional development. Board members join committees and working groups on an ad hoc basis to support the organisation through specialist expertise and focus.

Staffing

In 2024-25 Nancy Hirst was founder and Artistic Director/CEO and Daniel King Executive Director, alongside a Creative Engagement Manager (part-time), Producer (part-time) and Community Engagement Practitioner (full-time). The company is supported by freelance facilitators, producers, artists and creatives.

Volunteers & work placements

Icon Theatre has an ongoing volunteer and work placements programme and provides regular opportunities for young people to observe and assist on various aspects of our projects and productions.

Management structure

The charity is led by Icon Theatre’s Board of Trustees, who meet four to six times a year to oversee the management and strategic direction of the charity as well as scrutinising and finalising accounts. The day-to-day running of the organisation is delegated to the Artistic Director/CEO, who reports back to the Board at the regular meetings and works with the permanent and freelance staff to deliver the objectives and activities of the organisation.

Key management remuneration

Staff remuneration is set at industry approved levels and follows sector specific rates as advised by ITC/Equity (management, administrators, performers and facilitators), BECTU (technicians) and the Artists Information Company (visual artists).

13

For the Year Ended 31 March 2025

Icon Theatre Independent Examiner's Report to the Trustees

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 by virtue of my membership of Association of Accounting Technicians, 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:

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 accounts to be reached.

Jon Chartres

31 Moor Park Road, Hereford, England, HR4 0RR

14

Icon Theatre

Statement of Financial Activities (including Income and Expenditure Account)

For the Year Ended 31 March 2025

Unrestricted
Note
Funds
£
Income from:
Donations & legacies
2
291,761
Charitable activities
3
66,692
Other trading activities
4
11
4603 Theatre Tax Income (HMRC)
4
44,713
Total Income
403,176
Expenditure on:
Charitable activities
5, 6, 7
(537,929)
Raising funds
(1,518)
Total Expenditure
(539,448)
Net income/expenditure
(136,271)
Transfers between funds
97,771
Net movement in funds
(38,500)
Fund balances at 31st March 2024
224,671
Fund balances at 31st March 2025
186,171		 Restricted
Total
Total

Funds
2025
2024

£
£
£
75,486
367,247
372,055
26,166
92,858
183,900
-
11
-
-
44,713
-
101,652
504,828
555,955

-
(537,929)
(423,409)

-
(1,518)
(4,510)

-
(539,448)
(427,919)

101,652
(34,619)
128,036
(97,771)
-
-

3,881
(34,619)
128,036
-
224,671
96,635
3,881
190,052
224,671

15

Icon Theatre

Statement of Financial Position

As at 31 March 2025

Fixed Assets
Note
2025
£
£
Tangible assets
10
669
669
CURRENT ASSETS
Debtors
11
49,632
Cash at bank and in hand
175,608
225,241
CREDITORS:Amounts falling due
within one year
12
(35,858)
Net current assets
189,383
TOTAL ASSETS LESS CURRENT LIABILITIES
190,052
TOTAL NET ASSETS
190,052
Charity Funds
Restricted Funds
13
3,881
Unrestricted Funds
186,171
TOTAL FUNDS
190,052		 2024
£
£
444
444
5,640
261,050
266,690
(42,463)
224,227
224,671
224,671
-
224,671
224,671		 2024
£
£
444
444
5,640
261,050
266,690
(42,463)
224,227
224,671
224,671
-
224,671
224,671

266,690
(42,463)
224,671
224,671
-
224,671
224,671

For the year ended 31 March 2025 the charity was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statement were approved by the Trustees and authorised for issue on and were signed on their behalf by:

…..................................................................

Ms J Macpherson, Chair of Trustees Charity Number: 1097311

16

Icon Theatre Cashflow Statement

For the Year Ended 31 March 2025

Cash flows from operating activities
Note
Cash generated from operations
Cash flows from investing activities
Purchase of tangible fixed assets
Movement in cash for the reporting period
Cash at the beginning of the reporting period
Cash at the end of the reporting period
Cash generated from operations
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Movement in working capital
(Increase)/decrease in debtors
Increase/(Decrease) in creditors
Cash generated from operations		 2025
2024
£
£
£
£
(84,372)
180,934
(84,372)
180,934
(1,071)
(1,071)
-
(85,442)
180,934
261,050
80,116
175,608
261,050
(34,619)
128,036
845
3,523
(43,992)
119,690
(6,605)
(70,315)
(84,372)
180,934		 2025
2024
£
£
£
£
(84,372)
180,934
(84,372)
180,934
(1,071)
(1,071)
-
(85,442)
180,934
261,050
80,116
175,608
261,050
(34,619)
128,036
845
3,523
(43,992)
119,690
(6,605)
(70,315)
(84,372)
180,934		 2025
2024
£
£
£
£
(84,372)
180,934
(84,372)
180,934
(1,071)
(1,071)
-
(85,442)
180,934
261,050
80,116
175,608
261,050
(34,619)
128,036
845
3,523
(43,992)
119,690
(6,605)
(70,315)
(84,372)
180,934
180,934
-
180,934
80,116
261,050
128,036
3,523
119,690
(70,315)
180,934

17

Icon Theatre Notes to the Financial Statements

For the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

1.1 Company information

Icon Theatre is a private company limited by guarantee incorporated in England and Wales. The address of the registered office is The Historic Dockyard Chatham Admiral's Offices, Main Gate Road, Chatham, Kent, England, ME4 4TZ.

1.2 Basis of Preparation

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

Icon Theatre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy

1.3 Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention. The Trustees have considered the ability of the Charity to meet its obligations for at least 12 months from the date of signing and have concluded that there are no circumstances that would give rise to doubt over its ability to continue as a going concern.

1.4 Funds

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. Current designated funds include a fund for delivery of Arts Council England activity as per Icon's Arts Council NPO agreement, and a Designated Operational Reserves fund designated for use in the event of any unforeseen circumstances that could materially affect the ability of Icon Theatre to pursue its objectives or fulfil any contractual obligations.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above.

1.5 Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

1.6 Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

18

Icon Theatre Notes to the Financial Statements Continued For the Year Ended 31 March 2025

1.7 Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

1.8 Tangible Fixed Assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment 50% Straight line

1.9 Debtors

The Trustees consider that any debt not paid within six months should be written off. Any amount recovered after this period is written back in the relevant accounting period. The Trustees also review all material debtors, whether they are overdue, to consider whether each debt is recoverable.

1.10 Irrecoverable VAT

Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates.

2 Income from donations and legacies

Income from donations and legacies
Grants received
Total grants		 Unrestricte
d funds
£
291,761
291,761		 Restricted
funds
£
75,486		 2025
£
367,247		 2024
£
372,055
75,486 367,247 372,055

Analysis of grants received

Arts Council England
Colyer-Fergusson Charitable Trust
Harold Hyam-Wingate Foundation
Henry Smith Foundation
Medway Council
National Lottery
Royal Opera House Bridge
Garfield Weston Foundation
The Backstage Trust
The Boris Karloff Charitable Foundation
Kent Community Foundation
Kent County Council
Donations Received (No Gift Aid)
Miscellaneous Income		 2025
£
263,000
-
1,000
9,000
-
45,986
2,500
25,000
17,000
1,000
-
-
297
2,464		 2024
£
263,000
4,000
1,000
9,000
17,000
19,205
27,500
-
-
-
3,850
27,500
-
-
367,247
372,055

19

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Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

3 Income from charitable activities

Unrestricte
d funds
£
Projects and Productions
Young People's Programme
37,396
Artistic & Creative Programme Commissions
12,000
Ticket & Merchandise Sales
17,296
66,692
4 Other trading activities
Bank Interest Received
4603 Theatre Tax Income (HMRC)
5 Costs of charitable activities by fund type
Unrestricte
d funds
£
Projects and Productions
290,209
Support costs
53,491
Total costs
343,701
6 Analysis of support costs
Travel and Subsistence
Finance
IT
Marketing and Communications
Company Development
Access Costs
HR Costs
Insurance
Office Overheads
Governance costs
Depreciation		 Restricted
funds
£
9,500
16,666
-		 2025
£
46,896
28,666
17,296		 2024
£
183,900
-
-
26,166 92,858 183,900
Restricted
funds
£
-
-		 2025
£
11
44,713
44,724
2025
290,209
53,491		 2024
£
-
-
-
2024
£
423,409
43,244
- 343,701 466,653
2025
£
661
6,534
3,958
4,867
8,285
3,537
1,531
1,100
20,318
1,855
845		 2024
£
1,775
5,908
3,265
3,336
2,160
4,000
-
1,110
20,391
2,301
3,523
53,491 47,769

20

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Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

7 Staff costs and emoluments

Total staff costs for the year ended 31 March 2025 were:

Staff costs and emoluments
Total staff costs for the year ended 31 March 2025 were:
Salaries and wages
Social security costs
Pension costs
Staff		 2025
£
179,652
13,231
2,864		 2024
£
176,046
13,018
2,973
195,746 192,037
2025
5		 2024
5

Staff

No employee earned more than £60,000 during the year (2024: nil).

The total employee benefits including pension contributions of the key management personnel were £109,876 (2024:£109,876). 2024 represents 11 months of costs.

Key management personnel include the Artistic Director / CEO and Executive Director.

8 Trustee remuneration and related party transactions

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil).

No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £6 (2024: £54).

Trustees' expenses represent the payment of governance costs totalling £1,855 (2024: £2,301).

There are no donations from related parties which are outside the normal course of the Charity's business and no restricted donations from related parties.

21

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Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

9 Comparative for the Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Other income
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net income/expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricte
£
336,350
183,900
-		 Restricted
£
35,705
-
-		 2024
£
372,055
183,900
-
520,250 35,705 555,955
(4,510)
(387,704)		 -
(35,705)		 (4,510)
(423,409)
(392,214) (35,705) (427,919)
128,036
96,635		 -
-		 128,036
96,635
224,671 - 224,671

22

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Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

10 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the Year
At 31 March 2025
Net Book Value
At 31 March 2025
At 31 March 2024
11 Debtors
Amounts due within one year:
Trade debtors
VAT
Accrued income: Theatre Tax Relief (TTR)
12 Creditors
Amounts due within one year:
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
600
4,319
44,713
49,632		 Computer
equipment
£
13,535
1,071
14,606
13,091
845
13,936
669
444
2024
£
5,640
-
-
5,640
2024
£
7,365
5,629
29,469
42,463

2025
£
2,179
5,679
28,000
35,858

23

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Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

13 Movement in Funds

Unrestricted Funds - Current Year

Designated funds
Arts Council England
Activity
Operational Reserve
General funds
General funds		 Balance at
01/04/2024
£
120,000
100,000		 Income
resources
£
-
-		 Expenditure
resources
£
-
-		 Transfers
in/out
£
(46,000)
8,000		 Balance at
31/03/2025
£
74,000
108,000
220,000
4,671		 -
403,176		 -
(539,448)		 (38,000)
135,771		 182,000
4,171
224,671 403,176 (539,448) 97,771 186,171

Unrestricted Funds - Previous Year

Arts Council England
Activity
Operational Reserve
General Funds
General funds		 Balance at
01/04/2024
£
-
-		 Income
resources
£
-
-		 Expenditure
resources
£
-
-		 Transfers
in/out
£
120,000
100,000		 Balance at
31/03/2024
£
120,000
100,000
-
96,635		 -
520,250		 -
(392,214)		 220,000
(220,000)		 220,000
4,671
96,635 520,250 (392,214) - 224,671

Purpose of unrestricted Funds

Arts Council England Activity

To be used for a community and young people's theatre project in summer 2025 funded by Arts Council England.

Operational Reserve

Monies set aside to support unexpected expenditure.

General funds

Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity.

24

Icon Theatre

Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

Restricted Funds - Current Year

Restricted Funds - Current Year
Young People's Projects
Community Programme
Restricted Funds - Previous Year
Young People's Projects		 Income
resources
£
84,986
16,666
101,652
Income
resources
£
35,705
35,705		 Expenditure
resources
£
(97,771)
-
(97,771)
Expenditure
resources
£
(35,705)
(35,705)		 Balance at
31/03/2025
£
(12,785)
16,666
3,881
Balance at
31/03/2024
£
-
-

Purpose of Restricted Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Young People's Projects

For young people's drama and theatre programmes.

Community Programme

Projects for all ages, supporting creativity and connection.

25

Icon Theatre

Notes to the Financial Statements Continued

For the Year Ended 31 March 2025

14 Analysis of net assets between funds

Unrestricted funds - Current Year

General funds
General funds
Designated funds
Arts Council England Activity
Operational Reserve
Unrestricted funds - Previous Year
General funds
General funds
Designated funds
Arts Council England Activity
Operational Reserve		 Tangible
fixed
assets
£
669
-
-
669
Tangible
fixed
assets
£
444
-
-
444		 Net
current
assets /
£
3,501
74,000
108,000
185,501
Net
current
assets /
£
4,227
120,000
100,000
224,227		 Net Assets
£
4,171
74,000
108,000
186,171
Net Assets
£
4,671
120,000
100,000
224,671

26