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← Extant

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 05195961 (England and Wales) REGISTERED CHARITY NUMBER: 1108728

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

EXTANT

(A COMPANY LIMITED BY GUARANTEE)

STREETS ROWLANDS WEBSTER

Austin House 43 Poole Road Westbourne Bournemouth Dorset BH4 9DN

EXTANT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Notes to the Financial Statements 13 to 21
Detailed Statement of Financial Activities 22

EXTANT

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES Mary Paterson (Chair) Stephanie Allenn (Appointed November 2024) Sarah Cartino (Appointed November 2024 resigned 18 A Miranda Debenham (Appointed November 2024) Fiona Greenhill (Appointed July 2024) Ciara Golding (Resigned April 2024) Victoria Harrison Shamim Ali (resigned 12 May 2025) Matthew Amer (Resigned July 2024) Belinda Naylor (Resigned January 2025) Julia Mazorodze Alexandra Whiteley (Appointed November 2024) Adam Woolley (Appointed November 2024) REGISTERED OFFICE Extant 2.06 Carlton Mansions Brixton House 385 Coldharbour Lane London England SW9 8GL REGISTERED COMPANY NUMBER 05195961 (England and Wales) REGISTERED CHARITY NUMBER 1108728 INDEPENDENT EXAMINER STREETS ROWLANDS WEBSTER Austin House 43 Poole Road Westbourne Bournemouth Dorset BH4 9DN SENIOR STAFF Maria Oshodi, Artistic Director/ CEO Ian Abbott, Operations Director

Page 1

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The Trustees acknowledge their responsibilities, as set out on page 8, which forms part of this report.

Structure, governance and management

a) Constitution

The company is constituted under a Memorandum of Association dated 03/08/2004 and updated regularly. The company is a registered charity number 1108728 and is a charitable company limited by guarantee, company number 05195961.

b) Method of appointment or election of Trustees

New board members may be proposed by existing board members or by the chief executive or may apply by other means. Once the board has received an application/recommendation, a letter of invitation is to be sent to the candidate. This letter will provide a simple outline of the needs of the Extant Board, the nature of the work the company does and a job description. A date for an interview will be offered. A list of questions shall be drawn up which should ascertain the skills, experience and suitability of the candidate. The interview should be conducted in a manner which is compliant with the company’s equal opportunities policy. The interview will be conducted by a panel appointed by the board, composed of board members and the Artistic Director/CEO. However, the Artistic Director/CEO will not be entitled to vote upon the recommendation of the panel. If the candidate is accepted, a letter of initiation and a welcome pack will be sent to the new board member. If the candidate is not accepted, a letter of explanation will be sent to them thanking them for their time and interest.

c) Policies adopted for the induction and training of Trustees

New Trustees receive an induction pack including up to date policies and regulations for the Company. Trustees are offered ongoing training opportunities.

Objectives and Activities

Founded in 1997 and led by our blind Artistic Director, Maria Oshodi, Extant is the UK’s leading performing arts company for and by visually impaired people. We receive core funding for our work from Arts Council England and we raise money for our project work from trusts, foundations and other funders.

Our work falls into four areas:

· Evolve: Our Founder, Artistic Director and CEO Maria Oshodi will be leaving the company in 2027 after 30 years in post. Instead of carrying out a standard recruitment process, we are embarking on a four-year project to turn ourselves inside out, invite new disabled leaders into the heart of the company and share what we have learnt so

· Artist Development: We have a rich history of supporting visually impaired creatives and are proud of our approach to developing artists, which is founded on principles of creating a safe, supported, accessible, and visually impaired-led environment.

· Audiences and Access: We find new ways to make small-scale theatre accessible to venues, touring companies and visually impaired audiences

· Participation: We create accessible ways for visually impaired people to get involved in the performing arts at a grassroots level

Page 2

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Significant Activities

Achievements and performance during the year

· Secured three years of funding from Esmee Fairbairn Foundation to support our Artist Development programme which will enable us to recruit the first visually impaired Trainee Creative Producer on a two and a half-year contract in 2025/26.

Programme of work during the year

1. Artistic Programme

Our Artistic Programme and organisational evolution has meant a shift in the outputs between 2023-26, away from a previous historical rhythm where our Founder and Artistic Director Maria Oshodi would direct productions on a bi-annual basis to her undertaking a PhD reflecting on the impact and legacy of the 28 years of her pioneering work. This period of change is supported by the creation, recruitment and investment in two new Trainee Artistic Director roles for two visually impaired (VI) artists, each to run for 15 months across 2023-2026, where we will financially invest and support them in realising their own artistic projects.

2. Artist Development

a. Associate Artist projects

Unseen

Whilst being creatively led by our first Trainee Artistic Director Ben Wilson and a 20+ strong VI led creative team, we were delighted to be nominated for and win a 2025 Digital Culture Award in the Digital Inclusion category. The Digital Inclusion category “recognises the innovative use of digital technology to improve access to creativity and culture for diverse and representative audiences.”

Our Sound Designer, Ian Rattray, was also longlisted in another category (Digital Ambassador) as he pioneered a new way of working with the multimedia playback software QLab, working with Figure 53, the developers of QLab, to improve voiceover access to the software, which at the time was not accessible for screen readers.

Page 3

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

b. Artist support

We were delighted to secure three years of funding from Esmee Fairbairn Foundation to support our Artist Development programme which will enable us to continue to employ our Artist Development Manager, Louisa Sanfey, as well as recruiting the first visually impaired Trainee Creative Producer on a two and a half-year contract in 2025/26. Louisa supported dozens of VI artists throughout the year via one-to-one meetings, our monthly online Extant Connect session and providing fundraising advice for individuals’ projects. One of the highlights of the year was hosting an Open House event at ZOO Southside at the Edinburgh Festival Fringe drawing attention to the fact that only 0.6% of shows (27 in total) uploaded to the Fringe website were described as having Audio Description.

3. Participation

a. No Dramas

Thanks to funding from Fight For Sight (previously known as The Vision Foundation) and Boshier Hinton, we refreshed and expanded our monthly accessible No Dramas programme delivering a new national pilot. Providing training and employment opportunities, we trained 8 visually impaired drama facilitators and trainees to deliver a series of 5 workshops in Hereford (The Courtyard), Wolverhampton (Arena Theatre), Online and through a new community partnership in London (Battersea Arts Centre). These sessions enabled visually impaired participants to build confidence and reduce their social isolation. 100% of survey respondents agreed or strongly agreed that No Dramas built their confidence during the pilot.

· “Facilitating on this project has helped me build confidence. I've learned a great deal through working with my colleagues and with the participants. It's helping me develop professionally as a freelance artist and facilitator.” “It gave me the opportunity to meet up with, socialise and network with other blind people, and the activities during the workshops helped me to think on my feet which is something I used to struggle with.”

b. Extant Theatre Club

Extant Theatre Club (ETC) is a social group, which supports visually impaired audience members to experience high quality, accessible theatre. As part of ETC people receive:

Direct, trustworthy information on theatre that is accessible to VI audiences

Free access support around the venue and to and from public transport links

The opportunity to purchase discounted tickets exclusive to ETC

Time to socialise and chat after the show

Thanks to funding from Fight For Sight, ETC expanded through a new national pilot. We hosted trips in Hereford (The Courtyard), Wolverhampton (Arena Theatre), and Derby (Derby Theatre) and continued to host trips in London, delivering 12 trips in total. Highlights included ‘Fluff’ at The Courtyard, ‘Unseen’ at Bloomsbury Festival, ‘Perfect Show for Rachel’ at the Barbican.

“I like ETC, I get out and meet people, I see different types of theatre and people are interested in my feedback.” “Thank you so much for organising the trip and being supportive. I really enjoyed the show and look forward to more such outings.”

4. Enhance – Access Training

Page 4

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Enhance is our proven two-part access training and consultancy programme which is led by experienced VI facilitators. It considers VI audiences and ensures they are welcomed into venues by trained staff and that they can access small scale touring theatre, which normally has little VI provision built in. In 2023/24 we received a threeyear funding agreement from the Paul Hamlyn Foundation to work with 18 venues and 54 theatre companies and make a step-change for VI audiences in the country.

Each year we work with 6 venue partners, delivering multiple Visual Impairment Awareness Training opportunities to their staff and together identify 3 touring theatre companies coming to each venue to be trained in how to deliver a Touch Tour and then deliver their own set of detailed programme notes to visually impaired audiences. In Year 1 we partnered with The Courtyard, Hereford, Alphabetti, Newcastle, Derby Theatre, Derby, The Lowry, Salford, The Arena, Wolverhampton and Camden People’s Theatre, London. Our Post-Enhance activity ensured that 100s of VI audiences have been able to access touring theatre productions across the country.

· 98% of venue staff said that they felt completely or quite confident communicating with blind and visually impaired people.

· 100% of touring theatre company members felt completely or quite prepared for their Post-Enhance shows.

· 85% of VI Audiences rated the quality of the Touch Tour as very good or good.

We shared details of Enhance and our learning to date at the March 2025 Members Matters forum run by the Independent Theatre Council.

5. Organisational Development

In 2024-25, we recruited a new visually impaired Projects Assistant, through funding from Lambeth Elevate, which supports young people not in education, employment or training aged 16-24 in Lambeth to get into creative

We recruited and strengthened our board, recruiting 6 new board members and our Year 2 Evolve consultant was Joanna Rideout. Joanna conducted a range of staff and board interviews alongside a perceptions analysis with external and internal stakeholders. Her outputs included an interim report and working with Chol Theatre, facilitated a staff and board away day.

6. Financial Review

a. Principal Funding Sources

2024-25 was the second year of Extant’s, multi-year investment from Arts Council England as a National Portfolio Organisation (NPO). During the year, Extant also received funding from:

Page 5

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

b. Financial Risks Going Forward

We continue to remain a low-risk Arts Council England National Portfolio Organisation, and this funding means that some of our core overheads are met through this regular funding. This year also saw the beginning of a significant, multi-year investment from the Esemee Fairbairn Foundation supporting the delivery of our Artist Development programme. However, we must continue to seek funding from other sources to meet our responsibilities as a charity, to begin to put plans in place for Evolve and to deliver a wider programme. As a result, we fundraise throughout the year from Trusts and Foundations.

Currently we face two risks to our financial sustainability: 1) inflation in the UK economy and 2) changing trends in the funding landscape, away from funding for London-based organisations.

In response to inflation, we have contacted each of our major funders to ask for an increase in funds to match inflation, so that we can deliver our projects as originally planned and for any future, multi-year applications we factor in a 5% inflationary increase. While ACE is not able to increase the funding offered to organisations, it recognises the pressures inflation puts on arts organisations and has invited all NPOs to reduce their project outcomes by 10%. As a result of these measures, we have been able to renegotiate terms where necessary and to add a modest raise to staff salaries across the company.

ACE and some other funding bodies have announced their intentions to prioritise funding in areas outside London. Whilst we are currently based in London and have substantial relationships here, Extant is also a national organisation and we are confident we can continue to raise funds for our projects which benefit VI people across the country.

c. Reserves Policy

The trustees have set a reserves policy which requires that:

Plans for 2025/6

Artistic Programme

Artist Development

· Mentoring and Support – we will continue to support individual artists through one-to-one mentoring and group support, including launching a producer support programme.

Page 6

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

Training

Participation

· No Dramas and Extant Theatre Club – continue to run both programmes in London and we will apply for further funding to continue its expansion nationally.

Organisational

· EVOLVE – in 2025/6 we will continue our organisational development journey with EVOLVE with a third consultant (Chloe Todd Fordham) to build on the work from 2023/24 and 2024/25. We will work with them to guide the staff and governance team through this transition, consider what kind of leadership models are appropriate for Extant in the future and begin to work towards a new structure for the future. We will host three days of Organisational R&D for staff.

Public Benefit

The Trusees have given due consideration to the Charity Commissions' published guidance on the operation of the public benefit requirement. Extant considers the public benefit provided to be promoting the arts and culture of the visually impaired community through the performing arts. Extant raises awareness and inclusion of visually impaired people into wider society through an annual programme of productions and touring, research and development, education and training, all of which are created for, by and with visually impaired people. Beneficiaries of our work include the visually impaired community and the wider public in the UK

Trustees' responsibilities in relation to the financial statements

The Trustees (who are also directors of Extant for the purpose of company law) are responsible for preparing the report of the Directors and Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) .

Company law and Charity law require the Directors and Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of Extant and of the surplus or deficit for that period. In preparing those financial statements, the Directors and Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time that the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Acts 1985 to 2006.

The Trustees are responsible for ensuring that the company maintains an adequate system of internal control designed to provide reasonable assurance that assets are safeguarded against material loss or unauthorised use and to prevent and detect fraud and other irregularities.

Page 7

EXTANT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

In accordance with company law, as the company's trustees, we certify that:

So far as we are aware, there is no relevant information of which the company's independent examiners are unaware; and as the trustees of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's independent examiners are aware of that information.

The report has been prepared in accordance with the Statement of Recommended Practice - Accounting and reporting by Charities and in accordance with the provisions applicable to companies subject to the small companies' regime.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

28 November 2025

Approved by order of the board of trustees on ............................................... and signed on its behalf by:

.......................................................................

Julia Rachel MAZORODZE - Trustee

Extant

Registered company number 05195961 (England and Wales) Registered charity number 1108728

Page 8

EXTANT

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EXTANT

Independent examiner's report to the trustees of Extant ('the Company')

I report to the charity trustees on my examination of the accounts of the 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the 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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

M Rowlands CTA FMAAT ATT (Fellow)

STREETS ROWLANDS WEBSTER

Austin House 43 Poole Road Westbourne Bournemouth Dorset BH4 9DN

Date: ........19/11/2025.....................................

Page 9

EXTANT

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS FROM
Notes
Charitable activities
Charitable activities
2
Investment income
Other income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
Charitable activities
5
Other
8
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
181,411
511
6,700
188,622
3,529
182,567
2,673
188,769
(147)
100,648
100,501		 Restricted
funds
£
154,955
-
-
154,955
-
103,241
-
103,241
51,714
59,914
111,628		 2025
Total
funds
£
336,366
511
6,700
343,577
3,529
285,808
2,673
292,010
51,567
160,562
212,129		 2024
Total
funds
£
295,550
420
9,066
305,036
5,276
249,223
4,410
258,909
46,127
114,436
160,564

The notes form part of these financial statements

Page 10

EXTANT

BALANCE SHEET
31 MARCH 2025
FIXED ASSETS
Notes
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
FUNDS
Unrestricted funds:
General fund
15
Restricted funds:
Training programme
Associate Artist Programme
Other Projects
TOTAL FUNDS		 2025
£
-
12,415
215,933
228,348
(16,219)
212,129
212,129
100,501
69,798
37,980
3,850
111,627
212,129		 2024
£
-
27,706
150,322
178,028
(17,466)
160,562
160,562
100,648
59,914
-
-
59,914
160,562

The notes form part of these financial statements

Page 11

EXTANT

BALANCE SHEET - continued 31 MARCH 2025

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on

28 November 2025 . ............................................ and were signed on its behalf by:

............................................. Julia Rachel MAZORODZE - Trustee

Extant

Company registered in England and Wales 05195961 Charity number 1108728

The notes form part of these financial statements

Page 12

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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.

Raising funds

Costs of generating funds are those costs incurred in attracting voluntary income.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 13

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Governance costs

Governance costs include those incurred in the governance of the Charity and its assets and are primarily associated with meeting the constitutional and statutory requirements of the Charity.

Allocation and apportionment of support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocation property costs by floor areas, or per capital, staff costs by the time spent and other costs by their usage.

Tangible fixed assets

Fixed assets are included at cost. Items are capitalised if their cost or, if gifted their donated value, is over £1,000. Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment 25% straight line basis

Tangible fixed assets

The depreciation policy has been reviewed in accordance with FRS 15 and no change has been made from the previous year.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds - Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees' discretion

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 14

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Grants and funding

The Charitable company's activities are dependent on the continued receipt of grants and other donations. All grants received by the charitable company are subject to agreements and some to restrictions which limit the specific manner in which they can be spent. The accounts disclose the receipt of grants from the relevant bodies, the manner in which the grants have been expended (as earned), and the balance of any specific grant monies unspent at the accounting date.

2. INCOME FROM CHARITABLE ACTIVITIES

Earned income
Grants & subsidies
Grants for support costs
Trusts and Foundations
Boshier Hinton Foundation
Esmée Fairbairn
London Borough of Lambeth
Paul Hamlyn Foundation
Thomas Pocklington Trust
Vision Foundation/Fight for Sight
Worshipful Company of Lightmongers
Donations
Donations
Arts Council
NPO Funding
Earned Income
Commission Fees and Box Office
Consultancy and Workshop Fees
Investment Income
Other income		 Unrestricted
Funds

-
-

-
-
-
500
85
168,870

4,460

7,496
511
6,700
188,622
 Restricted
Funds
50,000
4,200
69,000
5,000
26,755
-
-
-
-
-
-
-
154,955		 2025
Charitable
activities
£
11,957
331,109		 2024
Total
activities
£
23,400
281,216
343,066
 304,616
Total funds
Year ended
31.03.25
£

-
50,000
4,200
69,000
5,000
26,755
500
85
168,870

4,460

7,496
511
6,700
343,577
 Total funds
Year ended
31.03.24
£
2,000
-
69,000
10,000
18,445
500
3,335
168,870
22,036
1,364
420
9,066
305,036

Page 15

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Grants received, included in the above, are
Arts Council England NPO grants
3.
OTHER INCOME
Theatre Tax Relief
4.
RAISING FUNDS
Raising donations and legacies
Fundraising costs
5.
CHARITABLE ACTIVITIES COSTS
Charitable activities
Charitable activities
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Programme costs
Employment Costs
Artistic Personnel
Education Programme
Other Activity Costs
Total		 as follows:
Unrestricted
Funds
6,700
Unrestricted
Funds
3,529
Direct costs
See note 6
£
176,738
Unrestricted
Funds
£
59,114
820
13,404
5,332
78,670		 Restricted
Funds
-
Restricted
Funds
-
Support Costs
See note 7
£
109,070
Restricted
Funds
£
41,763
5,206
45,943
5,156
98,068		 2025
£
168,870
Total funds
Year ended
31.03.25
£
6,700
Total funds
Year ended
31.03.25
£
3,529
Totals
£
285,808
Total funds
Year ended
31.03.25
£
100,877
6,026
59,347
10,488
176,738		 2024
£
168,870
Total funds
Year ended
31.03.24
£
9,066
Total funds
Year ended
31.03.24
£
5,276

Page 16

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

7. SUPPORT COSTS

Charitable activities
Governance costs
Total		 £
109,070
2,673
111,743

The support costs include the following governance costs relating to fees payable to Independent Examiners:

Accountancy fee
Tax services
Independent examination fees
Support costs included in the above are as follows:
Unrestricted
Funds
Overheads
£
Employment costs
67,823
Fixed Office Costs
12,955
Office Equipment
10,987
Computer & Internet Expenses
7,400
Travel & Meetings
4,732
Depreciation of fixed assets
-
Total
103,897
Governance costs
Trustees' expenses
Accountancy and legal fees		 Restricted
Funds
£

2,173

-

3,000

-

-
-
5,173		 2025
£
2,100
2,100

Total funds
Year ended
31.03.25
£
69,996
12,955
13,987
7,400
4,732
-
109,070
2025

£
573
2,100
2,673
 2024
£
2,000
360
1,180
3,540
2024
£
216
4,194
4,410

Page 17

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. OTHER

==> picture [456 x 64] intentionally omitted <==

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|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total funds|Total funds| |Funds|Funds|Year ended|Year ended| |31.03.25|31.03.24| |£|£|£|£| |Governance costs|2,673|-|2,673|4,410|

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9. NET INCOME/(EXPENDITURE)

Net income/(expenditure)is stated after charging/(crediting):

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|||| |---|---|---| |2025|2024| |£|£| |Depreciation - owned assets|-|17|

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10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

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|||| |---|---|---| |Trustees' expenses|2025|2024| |£|£| |Trustees' expenses|573|216|

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The trustees' expenses relate to travel, subsistence and board meetings of all those trustees as reported within reference and administration page.

11. STAFF COSTS

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|||| |---|---|---| |2025|2024| |£|£| |Wages and salaries|170,873|148,764| |170,873|148,764| |The average monthly number of employees during the year was as follows:| |2025|2024| |Management and administration|7|6| |No employees received emoluments in excess of £60,000.| |2025|2024| |£|£| |Chief Executive Officer's remuneration|38,189|36,720|

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Page 18

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2024 and 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
15.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
funds
£
Fixed assets
-
Current assets
103,528
Current liabilities
(3,026)		 Restricted
Funds
£
-
124,820
(13,193)

2025
£
2,339
-
10,075
12,415

2025
£
13,518
0
-
2,701
16,219

2025
Total funds
£
-
228,348
(16,219)		 Fixtures and
fittings
£
12,831
12,831
-
12,831
-
2024
£
6,129
4,260
17,316
27,706
2024
£
9,545
2,270
629
5,022
17,466
2024
Total funds
£
-
178,028
(17,466)

Page 19

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16.
MOVEMENT IN FUNDS
Unrestricted funds
General Fund
Restricted funds
Training programme
Associate Artist Programme
Other Projects
TOTAL FUNDS
Net movement in funds, included in the
Unrestricted funds
General funds
Restricted funds
Training programme
Artist Development
Other Projects
TOTAL FUNDS		 100,502
above, are as follows:		 111,627
At 1.4.24
£
100,648
59,914
-
-
59,914
160,562
Incoming
resources
£
188,622
79,250
62,400
13,305
154,955
343,577		 212,129
Net
movement

in funds
£

(147)
9,884
37,980
3,850
51,714

51,567

Resources
expended
£
(188,769)
(69,366)
(24,420)
(9,456)
(103,241)

(292,010)
 160,562
At 31.3.25
£
100,501
69,798
37,980
3,850
111,628
212,129
Movement
in funds
£
(147)
9,884
37,980
3,850
51,714
51,567

The restricted funds relate to grants and subsidies received from various grant providers and were un-spent at the balance sheet date. These funds will be used in the forthcoming periods to complete those projects that were continuing and will be completed in due course. The resources of these funds were appropriate to their intended purpose and the charitable company has enough liquid funds available to fulfil the liquidity needs of those projects.

Page 20

EXTANT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

The Charitable company has enough general funds which can be utilised towards any shortages in the restricted funds. All these transfers were approved by the trustees.

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

18. ULTIMATE CONTROLLING PARTY

The charity is collectively controlled by the Trustees who are all directors of the company. None have any beneficial interest in the company.

19. TAXATION

The company is a registered charity and is, therefore, exempt from taxation on charitable activities.

20. MEMBERS' LIABILITY

The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

21. GOING CONCERN BASIS AND ADEQUACY OF FUNDING

As referred to in note 2 to the financial statements, grant funding of £168,870 (2023: £158,870) was received during the year from the respective bodies for the uses indicated. These grants represent a material part of the Charitable company's incoming resources and are utilised in accordance with the terms under which they were originally granted in the normal course of the Charitable company's

The Board of Trustees have reviewed the Charitable company's financial requirements for a period of 12 months following the date of approval of these accounts and are satisfied that the Charitable company's activities will operate at a continued adequate level of surplus in the future.

Page 21

EXTANT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

INCOME AND ENDOWMENTS
Charitable activities
Earned income
Grants and subsidies
Other income
Investment income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising costs
Charitable activities
Wages
Other activity costs
Artistic personnel
Education programme
Support costs
Management
Employment costs
Fixed Office Costs
Office Equipment
Computer & Internet Expenses
Travel & Meetings
Depreciation of fixed assets
Governance costs
Trustee' expenses
Accountancy & legal fees
Total resources expended
NET INCOME/(EXPENDITURE)		 Unrestricted
funds
£
11,957
176,154
188,111
511
188,622
3,529
59,114
5,332
820
13,404
78,670
67,823
12,955
10,987
7,400
4,732
-
103,897
573
2,100
2,673
188,769
(147)		 Restricted
funds
£
-
154,955
154,955
-
154,955
-
41,763
5,156
5,206
45,943
98,068
2,173
-
3,000
-
-
-
5,173
-
-
-
103,242
51,714		 2025
Total funds
£
11,957
331,109
343,066
511
343,577
3,529
100,877
10,488
6,026
59,347
176,738
69,996
12,955
13,987
7,400
4,732
-
109,070
573
2,100
2,673
292,010
51,567		 2024
Total
funds
£
23,400
281,216
304,616
420
305,036
5,276
78,395
23,481
34,755
8,443
145,074
70,370
13,470
6,444
6,643
7,205
17
104,149
216
4,194
4,410
258,909
46,127

This page does not form part of the statutory financial statements

Page 22