Conii)xiiy No: 03473003 Cl)arity No: 1102544 THEATRE LAB COMPANY (A compaiiy liiiiited by giiai'aiitee) r4INANCIAL STATEMEI NTS FOR THE YEI AR NDED 31 CEMBER 2023 Helltoiis Cliai'tei'ed Accountaiils Groiind Floor, 31 Kentisli 'fown Road London NWI 8NL
THEATRE LAB COMPANY CONTEI NTS FOR THE YEAR ENDED 31 DEI CEMBER 2023 Pag¢ Legal and adiiiii)isli'ative iiiformalion Report of tlie trustees Iiidepeiident exai)iii)ei"s I'epoi't Stateiiieiit of finai)¢ial activities Balai)e¢ sli¢et Notes 7-10
THEATRE LAB COMPANY REPORT OF THE TRUSTII Ei S FOR THE YII AR II NDED 31 DEI CEI MBER 2023 Refei'eiice aild adniiiiisti'ative details Coiiipaiiy I'egisti'ation Iiiiiiibei.: Cliai'ity I'egistiatioi) numbei.: 03473003 1102544 Registei'ed oifi¢e 76 SL Dui)slaiis Avcnuc Actoii Loiidoii W3 6QJ Direetoi's aJ)d ti'ustees Tlie dii'ectors of tlie cliai'ilable coiiipai)y (the cl)ai'ity) are ils trLlStees for tlie piii'pose of chai'ity law ai)d tl)rougliout Il)is i'eport al'e collectively refetTed to as the trustees. Tlie ti'ust¢es who s¢i'ved duriiig tl)e year aiid siiice tlie yeai. eiid ivere as follows-. M Reynolds Di. C Koiiiiiitsidis M Ganati'a A Siskos (i'csigiied 19 April 2024) A Kalispei'as (I'esigned 31 Deceiiiber 2023) L Jiiiii'lziadis (appoii)led 6 May 2024) Seci'etAry A Revi Iiidepeiident exaiiiillei. J Davies FCCA Heiitoiis Cl)ai'lei'ed Accountaiils Giouiid Floor, 31 Kei)tisl) Town Road Londoii NWI 8NL
THEATRE LAB COMPANY REI PORT or( TIIE TRUSTEI fi S FOR THE YEI AR EI NDEI D 31 Dll CEI MBEI R 2023 Tlie triistees, wl)o are also dii'ectors of tlie cl)arity foi. tlJe PLlI'poses of tl)e Conipaiiies Act 2006> present tlieii. I'epoi't witli tlie fiiiaiicial stateiiiei)ts of tlie cliarity for the ycai. ciided 31 tjeccnibei. 2023. Tlie legal and adniiiiisti'ative inforjiialioi) set out on page I forins Part tsf tliis report. The fii)ai)cial staten)ents coniply wilh ciii'i'ei)t slatuiory i'eqiiiirn)eiits, tlie Meiiioixiiduin and Ai'ticles of Association and tl)e Statenient of Recon)i)iended Pi'acLice- Accounlii)g And Reporliiig by Cl)a¥ities (Cliarities SOIIII FRS 102). Sti'u¢tui'e governance manageiMent Goi¥ei'piipJg dociii?ie131 Theati'e Lab Compaiiy is a cliai'itable conipaiiy limited by guaixntee, incorporated in Englai)d and Wales and registered as a cliarity 011 24 Noveiiiber 2003. The cliarity is goveriied by its MeiiioraiidLllii ai?d Ai'ticles of Association. Iii tl)e event of tlie coii)pai)y beii)g WOLind UP iiienibe15 are I'equii'ed to coiili'ibule an ainouiit not cxceediiig £10. Tl)e day lo day nianage]nent of the cliarity is carried out by Dr C Kouimtsidis ai)d M Reyiiolds. Tlie trustees are noii)inated through tl)e process set out in tlie Articles of Association. Policics and proccdui'¢5 adopted for 11)e indiielioj) 211d ti'aining of trustees are discussed 811d eoJ)sidered at triistees, illeetings. Risk manage1ent 'I'lie Iriislees liave exaii)ined tlie majoi. I'isks {opei'ational, financial and general) to which tlie conipai)y is cxposed and confirjn that appropriat¢ step5 are in pla¢¢ to mitigate these risks. Objectives Aiid Aetivities for tlie public benefit Tlic coii)paiiy has Cvolvcd collgiderably over tl)e yeai's and eoi)tinues to evolve. Its cui'jtnt objectives are.. i) Tlie proniotion of classical aiid expei'iin¢iital theati'e in th¢ UK ai)d abi'oad with tlie ain) of producing liigh qiiality accessible tlieatre that will engage audiences, educate and entei'tain. ii) The pi'oJ))otioi) of eoJ)teJ)Ipoi?i'y Greek ai)d oihei. European Ilieatre. iii) Pvoviding a l)igl) quality trainiiig progiaiiiine that is affoi'dable and coiivei)iei)t for people inlcrestcd in acting aiid otl)er theatre roles thi'ougli our woi'kshop progi'aninic wliich J'ui)s fol. tcti weekends each year. iv) Focusing 50111¢ of oiii. woi'k on woiiien's ISSLies. woi.k/wi'itiiig and engagijig woi)ieii in Il)eali'e. The ti'iistees confii'ni tliat they liave I'efei'i'ed to the gliidance contained in tl)e Cl)arity Coiiiiiiission's geneial gliidaiiee on piiblic benefit when revieiving tlie aiii)s and objectives and in planning future activities. Review of tlie yeaR' and futui'e dtvelopnients Thc f115t part of 2023 was dedicated to ilie pi'oduclion of tl)e Einn)eline loiir to three UK veniies: The Old Fil'e Slatioi). Oxford. Esl)er-flieatre. Suriey aiid Watei'side, Maiichester. Tlie secoiid pi'oduction was Mepl)isto with a gilt arlisl at Eicetcra Tlicatrc, Loiidoii. Thc IrJiE#ii)der of Il)e yettr was devoted to tl)e developmeiit and staging of Alice at the Asylun) at tl)e Asyluin Chapel in London in December, ai)d plaiining for the UK and Greece tour in 2024.
THEATRE LAB COMPANY Rfi,PORT OF THE TRUSTfi fi,S riOR THE YEI AR IINDEI D 31 DECEMBER 2023 Fiiiancial I'evieiv and reserves Grants, donations aiid fees provided tl)e eoi))pai)y's pi'ii)eipal souire of iiicoille. In Ilie yeai., fui)ds raised wei'e £79,321 {2022: £24,762) and resoiirces expeiided were £70,003 (2022.. £27,381). At tlic balaiice sheet date, thei'e ivas a resei've of £22,281 wliich i¥ill be used to fund next yeai's pi'ojects. The trustees, poli¢y is to rAise fuiiding foi. futurc pi'ojuls and the chai'ily l)as no fixed costs coniniilnient. Stateiiient of Ii'ustees i'esponsibilities Tlie triistees {wlio are also directoi's of tlie Tlieatre Lab Coiiipany for the purposes of coinpany law) air rcspoiisible for prepai'ing tlie ti'ustees, i'eport aiid the fiiiaiicial stateiiieiits in accoi'dai)ce witl) applicable law and United Kiiigdoni Gciicrally Accepted Accountiiig Standards. Coinpany law irqiiii'es ilie triistees to pitpair financial staten)ents foi. each finaneial year wliich give a triie ai)d fail. view of tlie state of affairs oftlie cl)ai'itable con)pany and the ii)eoinii)g i'esouires and applicatioii of I'esoiii'ces, iiicliidiiig incoiiie aiid expeJ)diliire, ofihe cl)ai'ilable compaiiy for (liat pei'iod. In pieparing tlicsc fiiiaiicial stateiiiciits, tlie ti'ustees al'e ieqiiired to: geleet SLlltable aecounting policies aiid tlieti apply tl)eJii CoiisistcJilly- observe the Inetliods ai)d principles of the Cliarities SORP. iiiake jiidgei)ieiits aiid estiiiiates tl)at are i'easoiiable ai)d prudei)t' state whethei. applicable UK Accountii)g Standards liave beei) followed, subject to aiiy Inatci'ial dcparturcs disclosed aiid explaiiicd iii tlie fiiiaiicial slateii)ei)ts' pi'epare th¢ finaiicial 5tat¢iii¢i)ts on Ilic going conceii) basis unless it IS ii)appropriate to presui))e that tl)e cliarity ivill eoi)tii)iie iii opei?lioii. Tlie triislees are iesponsible foi. keepiiig pi'opei. accouiitiiig records that disclose with i'easoiiable accuracy at aiiy tinie the finaiicial position of tlie cliaritable coiiipany aiid enable theni to eiisui'e that tlie finaiicial statenieiils coiiiply ivith tl)e Conipanies Act 2006. Tliey al'e also respoiisible for safegiiai'diiig the assets of tl)e cliarity #iid hence for taking reasojiablc st¢ps for tl)c prcvcntioi) and deiection of fraiid and otl)ei' irregularities. The tl'LlStees confirm that to the best of tlieir knowledge thei'e is no ii)foi'n)ation relevant to the independent examinatioii of wl)icli the examinei. is unawaiE. Tlie ti'ustees also coiifirni that they have taken all n¢ce5sai'y stcps to ellsurc tliat th¢y thcn15elvcs al'e aware of all relevaiit exainiiiation info¥inalioi) aiid that thi5 iiifoiJ)ialioJi has been eoiniiiuiiicatcd to the ¢xaii)inei'. Members of the cliarity guai?iitee to coi)tribute an anioiint i)ot exceeding £10 to tlie assets of tl)e charity iii tlie event of wiiiding lip. I'l)e nunibei. of siicl) 8uaraiitees at 31 Decei)Ibei' 2023 was 5 (2022.. 5). Tlie ti'iistees aiE niembei'5 of the cliarity but this eiititles theiii oiily to voting I'igl)ts. Tlie trustec5 liave iio benefjcial iiitei'est in tl)e cliarity. Sn)all conipany pi'ovisions 'rhe above repoit lias been prepalEd in accordance witli tlie sniall companies, regime undei. the Companies Aet 2006. This report was approvcd of ti'U5t¢es on 24 Septeiiiber 2024 aiid signed on its belialf by Kouiilllsidis Direetoi'rrrllstee
THEATRE LAB COMPANY Independent exaiiiiiiei s repoi't to the ti'ustees of Theatre Lab Company I repoi't to tlie Ii'ustees on iiiy exaiiiiilalion of the accounts of Theali'e Lab Coinpany (the chai'ity) for Il)e year ended 31 Decen)ber 2023, Ivliich are set out on pages 5 to 10. Respective rcsi)oiisibilities of ti'ustees aiid exaniiiiei. As Ille IrLlStees of Il)e coi))paiiy (and also ils diie¢lors for Il)e piii'poscs of eoi))paiiy law) yoii arc respoi)siblc foi. Ilic pi'cpai'alioii of Ilic accouiils iii accordaiicc iviili Ilie I'cqiiireiiienls of the Coiiipaiiies Act 2006 (the 2006 Act). Having satisfied iiiyself Ilial the accounts of Il)e company are not I'equii'ed to be audited iiiider Parl 16 of tlie 2006 Act aiid al'e eligible foi. ii)depeiident exai)iiiiatioii, I I'eport iii respect of Iiiy cxaiiiiiialion of Ilie ¢l)arity's accoiiiits as cai'i'icd OLIt uiidci. sectioii 145 of the Cliai'ilies Act 2011 (tlie 2011 Act). li) cariying OLIt Iiiy exaiiiiiiatioIi, I laave followed tlie Directioiis given by the Cliarity Coiiiiiiissioii undei. seclioii 145(5)(b) of tlie 2011 Act. Basis of iiidepeiideiit exaiiiiiier's I'epoit I liave completed iiiy exaiiliiiation. I coiifii'm tliat i)0 iiiatters l)ave conie lo Iiiy atteiition iii coiiiieclioii ivilh 11)e exaiiiiiialioii givii)g iiie cause lo beli¢v¢ tlial.. accounting records ivei'e not kept iii respect of the ¢l)arity as required by sectioii 386 of the 2006 Act. or the accouIits do iiot accoi'd witli those ieeoi'ds- or Il)e ac¢ounls do not ¢oiiiply ivith Il)e ac¢ouiilii)g requireinenls of se¢lion 396 of tlie 2006 Act oiliei. tlian ai)y requii'einent Il)at Il)e ac¢oLlI)Is give a'li'iie ai)d fair, view ivl)icli is not a i))attei' considered as pai'l of an iiidepeiidenl exaiiiiiialion- oi. Il)¢ accounts have not been prepai'ed in a¢wi'daiice witli ilie Iiietliods aiid pi'inciples of tlie Stateii)ent of Recoii)Inei)ded Pi'aclic¢ foi. accouiiling and repoi'lii)8 by cliayities applicable lo cliarilies pi'epariiig Ilieir accoLiiils in accoi'dai)ce iviili the Fiiiaiicial Repoi'ling Siaiidai'd applicable in the UK ai)d aiid Republic of Ireland (FRS 102). I l)ave no coiicei'ns and have coiiie aeross iio otl)ei' Inattei's iii coiiiiectioii ivitl) tlie exaii)iiiation to ivliicl) attention should be drawi) iii Il)is Irport in order to enable a propel. ui)d¢i'standii)g of Il)e ac¢oiinls to be i'ea¢h¢d. Tliis irport is Inade solely to Il)e ¢l)ai'ity's Ii'LlStees, as a body, iii accordance with Pai'l 4 ofilie Chayities (AccoLinls aiid Repoi'ls) Regiilatioiis 2008. My woi'k lias beei) ui)dertaken so Iliat I Iiiight stale to tlie cl)ai'ity's tiiistees Iliose Iiiatteis l aiii i'equii'cd to stale to tlieii) in an Indepei)deiit examiiier's ieport aiid for 110 oiliei. piii'pose. To the fullest exlcnt periiiittcd by laiv, I do iiot accept or assunie Itspoi)sibility to anyoiie oiliei. thali the cliarity ai)d the cliai'ity's Ii'ustccs as a body, for iiiy ivoi'k oi. for Iliis I'cporl. J Davies FCCA Henlons Cliartered A¢couiilanls Groui)d Flooi., 31 Kei)lish Toivi) Road London NWI 8NL 24 Sepleinber 2024
THEATRE LAB COMPANY STATEI MEI NT OF FINANCIAL ACTIVITIES (INCORPORATING Af4 INCOMII AND EI XPEI NDITUREt ACCOUNT) FOR THE YEI AR ENDED 31 DEI CEMBER 2023 Total fuiids 2023 Total fund$ 2022 Uni'e5tri¢tcd Resti'icted funds funds Note Iiiconie Doiiations and legaeies 22,295 22,295 11,717 Iiicome froin charitable a¢tivilies: Theatre pJ'odu¢lions and worksllops will) Inmui)ity gioups 57,026 57,026 13.045 Total incoille 79,321 79,321 24,762 Expenditui'e ExpenditillE on cliai'itable activities: T]ieati'e pi'oductions ai)d woi'ksliops witli coii)Iiiuiiity groups 70.003 70.003 27.381 Total expenditure 70,003 70,003 27,381 Net ineoinel(e%penditure) and net movenient in fuiids foi. tlie yeai. 9,318 9,318 {2,619) Reconciliation of funds: Total funds brought forwai'd 12,963 12,963 15,582 Total funds cai'i-ied fOlard 22,281 22,281 12,963 Tlie Stateiiient of Fii)ai)cial Activities also ¢omplies will) the requiren)enls for an income ai)d expei)dilure account uiider the Coiiipai)ies Act 2006. All in¢oi))e ai)d expertdilure derives from ¢oi)tinuing a¢livities. There were no oil)er recogiiised gaills or losses otlier Il)an tl)ose slated above. Moveilleiit in fuiids is sl)own in Note 10 to the finaii¢ial stalemenls. T])e notes oil pages 7 10 10 forn) part of these financial slatei))ents.
THEI ATRE LAB COMPANY BALANCE SHEEI T 31 Dll CEMBII R 2023 Note 2023 2022 Curj'eiit assets Debtors Casl) at bai)k aiid iii liaiid 8,705 16,326 25.031 16,687 976 Total cui'i'ent assets 17,663 Liabilities Creditors: aiiioui)ts falling due witl)in one year (2,750) {4,700) Net current assets 22.281 12,963 Total assets less current liabilities 22,281 12,963 Tlie funds ijf the charity: UIireslJ'icl¢d funds 22,281 12.963 TotAI funds 22,281 12,963 For Il)e ycai. ended 31 Deceiiibei. 2023 the coiiipany was enliiled lo exemplioi) froni aLidit Liiider section 477 of tlie Coiiipanies Act 2006 Kelating to siiiall coi)Ipanies. Tl)e members l)ave i)ot required tlie company to obtain an audit of ils fii)8iicial stat¢i))enls for the year in questioi) in accordance ivith sectioii 476 of tlie Coiiipanies Act 2006. Tlie directors acknowledge Il)eii' Irspoiisibililies for.. (a) eiisuring that Ihe ¢ompaiiy keeps accouiiting i'ecords wliicl) coiiiply with Sections 386 ai)d 387 of the Compaiiies Act 2006 and (b) piepariiig fii)aiicial staten)ents wliicli give a true and fair view of11)e state of affairs of tlie coiiipany as at tl)e ei)d of eacli finai)eial y¢ai' ai)d of ils iiicoi)ie and expeiiditui'e foi. eacli fiiiancial year iii accoi'dance witli Il)e requiiri))enls of Sections 394 aiid 395 and wliicl) otlierwise coi)Iply with Il)e iequirements of the Conipanies Act 2006 I'elating to financial staten)ents, so far as appli¢8ble lo the coii)paiiy. Tliese finaiicial stateiiients have been prepared in ae¢ordance witli tlie provisions applicable to con)panies subject to the small ¢oinpai)i¢s' I'egime and in accoi'daiice with FRS 102 SORP. Tl)e fiiiancial stateiiieiits oil pages 5 to 24 Septen)ber 2024 and si O were approved by the boai'd of trustees on elialf by: r C Koiiinilsidis DiiECtoi'trrLlStee Conipany Registration No. 03473003
THEATRE LAB COMPANY NOTKS TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 DECEI MBEIR 2023 Aeeouiiting polL¢ies (A) Ba515 of accounting -I'lie financial stateineiits liave been prepai'ed iii accordatice with Accounting and Reporting by Chai'ities: StateJiiei)t of Recoii)iiiended I'iactice applicable to chai'ities preparitig tlieir ac¢ouJ)ts ii) accoi'dailce witl) tl)e FinAI)cial Repot'ting Staiidai'd applicable ii) the UK aiid Republic of li'elai)d {FRS 102) {Cl)8ritie5 SORP {fRS 102)) tl)e l.'inaiicial Repoi'ling Standai'd applicable in tlie UK 8Jid Ilepubli¢ ollielaiid {FRS 102) aiid tl)e Coiiipai)ies Act 2006. Tlie cl)arity l)as lakei) advailtage of tl)e disclosure exemption, otliei'wise IEquiriiig a Statei)ieiit of Casli Flows. as peJJi?itted by Update Bulletiii l. Theati'e Lab Coiiipany iiieets tlie definition of a public benefit eiitity undei. FRS 102. Assets aiid liabilities Are initially recogiiised at historical cost or transactioii value unless otlierwise stAted ii) tlie relevaiit aceouiitiiig policy iiote{s). (b) Goiiig eoiieei'ii Tl)e flnancial stateinents liave been prepaird on the going eoneeiji basis. Tliere aiE l)0 niaterial uncertainties about the eliarity's abÉlity to coiilijiue as a goiiig concei'i) and tliis assesinient has bcci) n)ade in respect of tlie pei'iod of at least oiie year fron) tl)e date the financial statemeiits are autliorised foi. issue. (c) Fund aeeounting CJciici?I funds are unrestricted fiinds which are available for use at tlie discretion of the trustees in furthei'ance of tl)e geiieral objectives of tlie ¢onipaiiy and ivhicli l)ave not beei) designated for otl)er pui'poses. Restricted fund5 are funds whicli are to be used iii accordance with specific resti'ietioi)s in)posed by donois vl)icl) liave been laised by tlie eoi)Ip2iiy COT pailicular purposes. The Cost of raising and adiiiiiiistei'iiig sucli fuiids al'e char8ed agaiiist tlie specific fund. Tlie aim and use of each restlicted fui)d ]% set out in the tiotes to the financial staten)ei)ts. (d) Ineoine All iiicoiiiiiig i'esouices receivable durii)g tl)e year ait aeeounted foi. in tl)e Statenieiit of Fijiaiicial Activities. Tlie followiiig specific policies air applied to pa¥ticulai' categories of inconie.. Voluntary incojne.. iii¢liides donations and gifts of general natuil and are ireognised wl)eiE Ilieir is eJ)titleitient, probability of receipt and tl)e aniount can be nieasured witli suffieiejit Iiicoiiie from cliaritable activities: iJ)cludes iiicome received undei. cotiti'act or wliejr entitleii)eiit to gi?i)t fui)ding is subject to specific conditioiis and is ¥ecogi)ised as earned. Giaiit incojiie iiicluded ii) this eAtegory provides funding to suppoil pei'foi'iiiaiice activities 8Jid ss i'ecognised wlieie tlie cliai'ity lias entitleEneiit to tlie fui)ds, it is pix)bable tlia( Il)e ineoi))e will be Irceived and the ai1)ount Can be nieasured with sufficiei)t rcliability.
THEATRE LAB COMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBEIR 2023 Aceounting polieies (contiiiued) (e) Expenditure '.xpeiidituYe is I'ecognised once there is a legal or constru¢tive obligation to n)ake a payJnei)t to a tl)ird party. it is probable that tlic s¢ttleiiient will be i'equired ai)d the amouiit of the obligation ¢ati be iiieasuiEd IEliably. Expejiditui'e is Classified uiider the following activity headings- Raisiiig doiiations and legaeie5'. aye the costs iiieuyi'ed by a cliai'ity, oj. its ageiits, in iiiducing oihei's to Inake gifts tl)at are shoivn undei. iiicon)e fron) doiiatioi)s and legacies. Charitable activities: include expenditiire associated witl) the production of tl)eatYi¢al pei'foriiiances and theatrdart woi'ksliops witli coniniuiiity gi'oups Iljat include both the dii'eet costs ai)d support costs itlatii)g to thesc activities. Support costs.. ii)clude central fuiictioiis ai)d have becti allocated to activity cost categories to itfleet tli¢ use of resouices. Costs relatii)g to a pai'liculaT activity are allocated directlyj tliey also include govei'iiai)¢e costs associated iviil) the cotistitiitioIial aiid statutoi'y iequireineiits of the cliarity. Jnconie fi'oin donations and legacles Uiii'estricted funds Resti'ieted fund5 Total 2023 Total 2022 Oilier doi)ations Tlieatre tax I'elief Tax reclairnable 5,500 7,506 9,289 5.500 7,506 9.289 1,400 10,317 22,295 22,295 11,717 Ineoiiie fi'oin tliai'itable activities The incoii)e was priiiiayily froi)I gixnts. spoi)sorsl)ips ai)d otlier sources to pJ'odu¢e and presei)t live stage pei.forniaiices aiid to undei'take tl)eatlE / art worksliops witli comniunity gi'oups. Uni'estrieted funds Rtsti'icted fuiids Total 2023 Total 2022 Ti)eatir productions and worksl)ops 57,026 57,026 13,045 57.026 57,026 13,045
THEATRE LAB COMPANY NOTEI S TO THE FINANCIAL STATEMENTS FOR THE YEAR r.NDED 31 DECEMBER 2023 4 Costs of cliai'itable activities Unresti'icted fuiids Resli'ieted fiillds Total 2023 Total 2022 Pi'oduction expeiises Govci'naii¢e costs (iiote S) Suppoi't costs {i)ote 5) 64,062 3.420 2,521 64.062 3,420 2,521 22.135 1,920 3,326 70,003 70,003 27,381 Analysis of governance suppoi't eosts Geiiei'al Goveriiaiiee suppoi't costs Tot21 2022 Total Bank fees aiid siiiiilai. cl)arges Postagc, statioiiei'y aiid con)putei' expenses Website costs liisurance Independeiit exainii)ation fees Other professioiial fees Stoi'age 400 33 338 400 33 338 2.100 1,320 1,749 888 508 2.100 1.320 1,920 1,749 1.928 2.521 3,420 5,941 5,246 6 Taxation Tlie charitable ¢oinpaiiy is exenipt froni corpoi'ation tax oil its eliaritable activities. 7 Debtors 2023 2022 Prepaynients and accrued incoine Other debtors 1,848 6.857 6,374 10,313 8,705 16.687 8 Ci-editoi's: Rniounts fg11ing due witliin one yeai. 2023 2022 Accruals ai)d deferred inconie Otlicr ci'editoi's 2,100 650 2,705 1,995 2,750 4,700
THIATRE LAB COMPANY NOTEI S TO THE FINANCIAL STA TF.MENTS FOR THE YEAR ENDF.I) 31 DF.CEMBER 2023 Moveinent in funds BalaiJ¢e at l Jan 2023 Movcincnt iii resoui'ces BAlan¢e at Inconie ExpeiiditUR'e 31 Dec 2023 Uiirestricted funds Geiieral fujids 12,963 79,321 70,003 22,281 Total funds 12,963 79,321 70,003 22,281 10 Aiialysis of nct assets behveen funds Unresti'ieted fuiids Total CurR'ent assets Curfft'eiit liabilities 25,031 (2,750) 25.031 (2,750) Fuiids at 31 Deeenibey 2023 22,281 22,281 I l Related pai'ty ti'ansaetioiis Dui'ing tlie year tl)e eoJ))pai)y ireeived doiiations of £nil (2022.. £900) from ils trustees. At the balance sheet date. the coinpaiiy owed Ilie director and trustee. Dr C Kouiiiitsidis £650 (2022.. £650). Durii)g the year tlie ¢oiiipai)y paid production and woi'ksl)op fees to A Revi, the wife of DY C Kouin)tsidis, £2,747 (2022.. £1,300). No ti'ustees received any rei¥nbursed expeiises oi. any other beiiefits fJDm tl)e chai'ity dui'ii)g tlie yeai.. 10