The Inco nito Theatre Grou Company registration no. 04988774 Registered Charity 1102558 Trustees Re ort and Financial Ststements For the Year Ended 31st Jul 2024
The Incognito Theatre Group Report of the Trustees for the year ended 31st July 2024 Reference and Administrative Information Registered Charity". Company registration.. 1102558 04988774 Registered offi.. 11%A Holly Park Road London. N11 3HB Operational Address.. Incognito Theatre Holly Park Road London. N11 3HB Trustees and Officer5 The Incognito Theatre Group lihe Charity) is a company limile(I by guarantee and a registered charity. As such its directors are colleclively referred to as the trustees. Maria Casey Iresigned 15 Nov 2023) Ja¢quie Cassidy lappoinled 20 Feb 2024. resigned 23 Juty 20241 Alexandra Charalambous (resigned 15 Nov 2023} Jeremy Davies lappoinled 15 Nov 2023. Signed 19 Feb 20241 Mary Groom Ruth Huggett lappoinlwj 15 Nov 2023. resor)e(123 20241 Margaret Johnson Jill Lomas Chris Mason Huw Morgan Julianne Mullen (appointed 15 Nov 2023} John Savage Chrislopher Sly TSlee wthout portfolio TtUStee wilhoul portfolio Programme group member Programme group member Programme group member Communications and image Programme group co-ordinator Sooal l Health and Safety oversight Technical management and Co. se¢tary Infomiation systems and web site Programme group member Theatre manager Finance Company SO¢trry Chris Mason Banke CAF Bank Limrted Reporting Accountsnt Christopher Goldie
The Incognito Theatre Group Report of the Trustees for the year ended 31st July 2024 (continued) Structure Governance and Mana Governing Document The Incognito Theatre Group {"the Charity"} was incorporated on 9th December 2003 as a company limited by guarantee. It is governed by its Memorandum and Articles of Association dated 9th December 2003 as subsequently amended, most recently by a Special Resolution dated 21st July 2021 which was intended to update the Articles in line with the model provisions published by the Charity Commission. The liability of each member in the event of a winding up is limited to one pound sterling, for the payment of creditors of the Charity contracted before helshe ceases to be a member. or within one year thereafter. At 31 st July 2024 there were 90 guarantors in the register of members (2023.. 84). ement Appointment of Trustees The board of trustees (who are also directors of the company for the purposes of company law) govems the Charity. In accordance with the Articles of Association the trustees may be elected by ordinary resolution of the Charity and there must be a minimum of three trustees One third of the existing trustees must retire by rotation at the AGM and are eligible for re-election. Additional trustees may be co-opted by the board between AGMS for a term until the next AGM where they must retire and may stand for reelection. Related Parties The Charity is independent of any other charities or organisations but works closely with other organisations and leases the theatre from the London Borough of Bamet. Risk Management The Iruslees undertake regularly a review of the major risks to which the Charity is exposed and establish systems to mitigate those risks. Ob"ectives and activities The Charity was established in 2003 to take over the assets, liabilities. and all activities of the existing Incognito Theatre Group, a private theatre club which has now been in existence for over 86 years The Charity leases its own well equipped 64 seat theatre and aims to make high quality live theatre accessible to local actors, back-stage crew, technicians, directors. designers. writers and audiences and so enrich their lives and benefit the community generally.
The Incognito Theatre Group Report of the Trustees for the year ended 31st July 2024 (continued) Achievements and Performance The year under review was the second full year of productions after the closure Gaused by the Covid19 pandemic, and the Group put on its customary run of six productions roughly eight to nine weeks apart after a slightly longer summer break. The programming of the 2023124 season developed the recent trend of including more adventurous programming with modern themes relevant to life in the 21st century. The 202312024 season started with a play called The Awkward Squad by Karin Young about women activists in a mining town. In late November there was an adaptation of Dickens's classic A Christmas Carol by Karen Louise Hebden. January saw The Weir by Conor McPherson with chilling tales told in a remote Irish pub. A lighter production followed in March with Caroline's Kitchen by Torben Betts about the secret lives of a TV chef and her family. The programme did contsin a classic in May. the melodrama Gaslight by Patrick Hamilton. The season concluded with Rabbit Hole by David Lindsay-Abaire, a modern American drama about a couple moving on afler the loss of a child. These were directed by a mix of experienced members and newer directors, as well as experienced directors new lo the group, and provided plenty of acting opportunities, with many challenging and rewarding roles, and a number of enjoyable ensemble parts. During the year the Trustees agreed to experiment for the season 2024125, to mainlain the variety of plays we produce, but to reduce the programme to five full productions instead of six, and to supplement these with rehearsed and unrehearsed readings, workshops and other member-led activities, which we hope will provide more opportunities for involvement. By starting the season a little later and finishing a little earlier, it is hoped to avoid the reduced popularity of shows too near the main summer holiday period_ During the year the theatre hosted some visiting companies, with both week-long hires and shorter one- or hvo-night events, and we plan to continue this trend so Ihat the overall number of performances remains the same at around 48 in the season. Audience habits have changed Sin the pandemic with many leaving booking to the last minute. Some have turned up on the night and found perfonan$ sold-out Whilst audience numbers have not fully returned to pre-covid levels, some productions have had high sales levels, and there has been a healthy surplus from our own productions, with outside hires also generating additional income The set building crew are proud of their re-use of materials and other savings in production costs such as the sourcing from upcycling sites, other theatres and selling-on after the play items too specialised to keep as regular stock. On the social side there was a barbeque in the autumn of 2023 The Wednesday club nights have not reconvened after Covid but the Tuesday morning work parties continue to attracl more dedicated helpers. Now in its 1 Oth year, the Monday Club meets every other week to involve people retired or working flexibly. In May the theatre hosted a class from the Mayor of London's Creative Arts Academy and it is hoped this collaboration will continue and open the theatre's opportunities to those developing theatre skills.
The Incognito Theatre Group Report of the Trustees for the year ended 31st July 2024 (continued) Financial Review Results for the year During the year to 31st July 2024 the charity showed a surplus of £11,684 {2023 deficit £120) which, when combined with assets brought forward, led to net assets held by the charity at the year end of £53,607 12023 £41,923) Format of the Accounts The accounts comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice 'Accounting and Reporting by Charities, {Charities SORP IFRS 102)) effective 1 January 2019. Investment Powers The trustees are empowered by the Articles of Association to invest the funds of the Charity as they deem appropriate. Trustee Assurance The trustees can confirm that the Chanty's Assets are sufficient to fulfil its obligations and that all cash and investments held by the Charity have been acquired in accordance with the powers available to them under the Articles of Association. Reserves Policy The company has reserves of over £50,000. Current expenditure is intended to be covered by ticket sales. members, and friends, subscriptions,donations, bar sales. and hiring out of the theatre, costumes, and properties. Statement on Public Benefrt The trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission, including public benefit guidance. Plans for Future Periods The Charity aims to continue its development in and contribution to the local Gommunity.
The Incognito Theatre Group Report of the Trustees for the year ended 31st July 2024 (continued) Statement of Trustees Res onsibilities The trustees are responsible for preparing Ihe Trustees Report and the financial statements in accordance with applicable law and regulations. Company Law requires the trustees to prepare financial statements for each financial period. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable law). Under company law the trustees must nol approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure of the Chanty for Ihat year. In preparing these financial statements the trustees are required to.. Select suitable accounting policies and apply them consistently., Observe the methods and principles in the Charities SORP.. Make judgements and estimates that are reasonable and prudent., state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on . and signed on Iheir behalf by...........
The Incognito Theatre Group Independent Examiner's Report to the Board of Trustees on the unaudited accounts of The Incognito Theatre Group For the Year Ended 31st July 2024 Respective responsibilities of trustees and examiner The trustees {who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounls in accordance with the requirements of the Companies Act 2006. The twstees consider that an audit is not required for this year under part 16 of the Companies Act 2006 and that an independent examination is needed. 11 is my responsibility to.. - examine the accounts under section 145 of the Charities Act to follow the procedures laid down in the general directions given by the Charity Commission (under seclion 14515}Ib) of the Charities Act, and to state whether particular matters have come to my attention Basis of independent examinerfs statement My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by Ihe Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the truslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection wilh my examination, no material matters have come to my attention which give me cause to believe that in any material respect- accounting records were not kept in accordance with section 386 of the Companies Act 2006, or - the accounts do not accord with such records, or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination,. or - the accounts have not been prepared in accordance with the Charities SORP (FRS 1021. 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. Christopher Goldie Reporting Accountant 11 Kings Road Barnet Hertfordshire EN5 4EF
The Incognito Theatre Group Financial Statements For the Year Ended 31st July 2024 Statement of Financial Activities Unrestricted Funds 2024 2023 Incoming Resources Income from Productions Hire of Theatre Income from Social Events Grants and Donations (note 4) Profit on refreshments and bar Membership Subscriptions Interest Other income 24,397 2,325 22,684 120 150 2,733 723 1,921 70 953 4,235 2,303 2,060 80 810 Total Incoming Resources 36.594 29,354 Resources Expended Charitable Activities.. Production Costs Theatre Maintenance and Administration Governance Costs 10,266 14,631 13 10,561 18,900 13 Total Resources Expended 24.910 29,474 Net Movement of Funds 11,684 {120) Fund Balances at 1st August 2023 41,923 42,043 Fund Balances at 31st July 2024 53,607 41,923 All activities relate to continuing operations. There are no other recognised gains or losses apart from those shown above.
The Incognito Theatre Group Financial Ststements As at 31st July 2023 Balance Sheet 2024 2023 Fixed Assets Cost of land purchased in 2011 (note 5} 1,040 1,040 Investments CAF Gold account opened 202>24 40,(KJO 41,040 1.040 Current Assets Cash at Bank and in Hand Prepayments and sundry debtors 10,517 3.880 14,397 37.060 5.232 42,292 Creditors, Accruals, and Defetted Income: Amounts falling due within one year 1,830 1,409 Net Current Assetsl{Liabilitiesl 12,567 40,883 Net Assets 53.607 41,923 Represented by.. Restricted Funds Unrestricted Funds 53.607 41.923 53.607 41,923 For the year ending 31sl July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 201A relaling to small companies. Trustees, responsibilities.. The members have not required the company lo obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 20[. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of accounls. These accounts have been prepared in accordan with Ihe provisions applicable to companies subject to the small companies. regime and in accordance with Charities SORP IFRS1021 . Approved by the Twslees on . and signed on their behalf by.......................................
The Incognito Theatre Group Notes to Financial Statements For the Year Ended 31st July 2024 Basis of Preparation Basis of Accountin These accounts have been prepared under the historical cost convention wth items recognised at cost or transaction value unless otherwise ststed in the relevant notes to these accounts. The accounts have been prepared in accordance with the Charities SORP {FRS 102) "Arxounting 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 IFRS102}leffective 1 January 2019) ' and the Companies Act 2006. Goin Concem The Trustees consider there is reasonable expectation that the Charity has adequate resources to onsider an operational existence for Ihe forseeable future. Accordingly we continue to to adopt the going Goncem basis in preparing this annual report and financial statements. Chan e of Accountin Polic The accounts present a true and fair view and no changes have been made to the accounting policy. Chan es to accountin estimates No changes to accounting estimates have oCcUed in the reporting pertod. Material rior ear errors No material prior year errors have been identified in the reporting period. Accounting Policies Reco nition of Incomin Resources These are included in the Statement of Financial Activities (SOFA) when.. the charity becomes entitled to the resources, tt is more likely than not that the tnjstees will receivethe resources, the monetary value can be measured wtth sufficient reliability. Funds Structure Unrestricted income funds comprtse those funds which the trustees are free lo use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the funder. There were no restricted funds reIVed in this period or brought forward from the previous period. Grants and Donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. Donations represent voluntary amounts received during the year. Tax reclaims on donations and tfts Gift Aid receivable is included in income when there is a valid de¢laration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that donation and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have been specified othetwise. Reco nition of Ex enditure Liablilities are recognised as expenditure as soon as there is legal or constructive obligation commiting the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. All expenditure is accounted for on an accruals basis. All expenses, including support G05ts and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities.
The Incognito Theatre Group Notes to Financial Ststements (continued) For the Year Ended 31st July 2024 Accounting Policies Icontinued) reciation All assets except propety (see note 5) are written off in the year of the expense. eratin leases The theatre is leased from the London Borough of Bamet for a 25 year temi from 24 March 2023 with renl reviews every 5 years. There are options to break for the landlord at 15 and 20 years and for the tenant every 5 years. The initial market rent is stated as £9,000 p.a. but this is currently reduced to £900 p.a. under a separate 5 year agreement with LBB, pursuant to the council's Community Benefit Assessment Tool scheme. Legal Ststus of the Charity The charity Is a company limrted by guarantee and has no share capital. In the event of the Charity being wound up the liability in respect of the guarantee is limited to £1 per member of the Charity. Grants and Donations 2024 2023 Donations Other Donations {including Gift Aid) 4,235 2,732 Fixed Assets Cost of land purchased in 2011 1,040 1,040 10