Charity Registration No. 1111684 ANGEL SHEDTHEATRE COMPANY FINANCIAL sfATEMENTS YEAR ENOEO 31 AUGUST 2022
ANGEL SHED THEATRE COMPANY CONTENTS Page Reference and Administrative Details Overview from the Chair Trustees. Report 4-13 Independent Examinerfs Report 14 Statement of Financial Activities 15 Balance Sheet 16 Notes to the Financlal Statements 17.25
ANDEL SHED THEATRE COMPANY REFERENCE AND ADMINISTRATIVE DETAILS Trustees Andrew Duncan. Chair Caroline Rouse, Treasurer Jacob Macan, Secretary Nicky G8lliers Alex Khosla Sorah Kitteridge Richard Longworth Jo Stephens Rupert Taylor (reappointed 19 October 20211 (reappointed 19 October 20211 Ireappointed 20 March 20231 IapPointed 20 March 20231 Ireappointed 20 March 20231 Patron The Right Hon.Jeremy Corbyn, M.P. Re8lStered office City & IslinBton Colle8e 444 Camden Road London N7 OSP Registered Charity No. 1111684 Indepen(Jent Examiner Aamer Shehzad Ac¢ount3bility Europe Ltd Omnibus Workspace 3941 North Roa London N7 90P Bankers The Co-operative Bank PO Box SO Delf House Southway Skelmsersdale WN86
ANDEL SHED THEATRE COMPANY OVERVIEW FROM THE CHAIR We are all very relieved that we were able to return to our regular in-person workshops and performances this year as we came through the worst of the Covid pandemic. We have learned much from delivering online and distanced proiects and the team deserye huge thanks for all the additional work they had to put in to make sure Angel Shed continued to provide workshops for its member5 dLtring the pandemic. While Angel Shed has no doubt become stronger through the challenges of the past two years. it was nonetheless a great pleasure to be able to welcome the children and young people back in person and to witness their enjoyment in returning to some normality. At the end of the year, we sadly said goodbye to Dawn Davis and Natalie Sloth-Richter. I thank them for all their hard work and wish them all the very best for the future. David Mabbott has 51epped up as Art15ticlExecutive Director and, given hi5 manv vear5 of experience, I have full confidence that he will ensure Angel Shed continue5 to thrive. And I would like to exlend a huge thank you to David, the team and all our volunteers for their dedication, enthusiasm and energy. 2022123 has started on a positive note with increased membership and a full pro8ramme of activities. We finlshed last year on a stable financial platform which we hope will allow us to continue to develop our in-house workshops and to expand into the community with more outieach projects. The availability of suitable funding for small charities such as ours is increasingly challenging and I would like to thank all of our funders and supporters who recognise the impact our work has among the children and young people and the wider community and are pPared to provide the means to make it all possible. Lastly, I would like to thank my fellow trustees for their support and guidance. I welcome Ashley, john and Paul, who between them have many years of experience as volunteers. as well asAlbert and Anna, who, respectively, bring valuable strate8ic and performin8 arts experience. Andrew Duncan Chair
ANDEL SHED THEATRE COMPANY TRUSTEES REPORT Our mission Angel Shed provide fully inclusive performing arts opportunities for children and young people of all backgrounds. As a result, we enable greater inclusion for those most likely to be otherwise excluded.. including those who are economically disadvantaged. those who are disabled, those with social, emotional and mental health issues. those with special education needs. LGBTQ+ people, young carers. and those from communities experiencing racism and racial inequalitv. Established in 2004, Angel Shed have engaged thousands of children and young people acr05S Islington, north London, and beyond. We are embedded in a community that has the seventh highest thild poverty rate in the UK and operate against a batkdrop of continuing decline in the provision of performing arts in education. Incluslvity is integral in every aspert of our work- We welcome anyone to join. We operate on a 'pay-whal-you-can' basis and workshops are free to those who cannot afford them. We don't hold auditions. We are led by the ideas of children and young people. who are active participants in the planning. creation. and performance of our work. This allows them to share and explore the stories, issues and topics that are relevant to them. We adapt to the needs of individual members, meaning everyone can participate in a way which works for them. We activety reach out to those most likety to experience exclusion, with strong connections across the education, charity, and youth sectors. We have a high ratio of adults to participants to ensure the best possible support for all children and young people. Through our work, we aim to.. Increase the self-confidence and enhan the self.esteem of partlclpants, breaking down self-imposed barriers to achievement and allowin8 them to reach beyond themselves,. Impart a range of performing and social skills that will sustain our member5 on stage and In Improve social cohesion. by providing a safe environment for children and young people to recognise differences. develop empathy and value what they have to offer to one another- Deliver training and experience to volunteers that can create pathways to employment,. Create a public platform for children and young people to express their voices and thoughts, especially those not often heard by their mainstream peers. Our work We provide a range of weekty performing art5 workshops for chilLlren and young people in theatre, music and movement. During 2021122, our programme land the relevant age groups) consisted of ihe following.. Children's Theatre I Ictli Children's The3tre 2 ICT21 Youth Theatre I I1) Youth Theatre 2(2) Music Collective IMCI Dance Company (DCI 5-7years 7- 10 years 10- 13 years 13 - 19 years 12 - 19 years 12 - 19 years
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT Our artistic programme is based on the following objectives.. We believe that accessibility and excellence are mutually inclusive. A truly inclusive practice, process and environment expands the boundaries and strengthens the quality, of artistic output. We create inspirational and outstanding youth-led theatre. focused on long-term collaboration wf(h children and young people who are at the heart of the creative process from start to finish. We present an eclectic mix of original theatre. music. and dance. focusing on crossover between these disciplines and performances including live music, costumes, sound and lightin8 design. We celebrate difference, enBa8e the community and inspire social change throuBh original work, new wrtting and reworkings of existing material. To the great relief of the member5 and the staff, all the workshops this year took place in person following two years of online, dist3nced and in-person delivery due to the Covid pandemic. All of the children and young people have been through a lot over the last Couple of years. Many were visibly delighted to be returnin& havin8 been cut off from their friends ai school and we continue to be impressed by the commitment of our members to engage wilh the workshops. "Just wonted to 50y u mossive thonk you to the whole teom. Our50n ond, by extension, the whole fornily, hove been uplsfted byAngelShed thi5 yeor. your creotivity ondkindne55. It'5 begn such G purelypositsve experience in o dlfficult yeor. He 15 50 motivoted byAnge15hed. We ort so glod we lourtd you ortdso glod you exist. Keep 9Oln9. rent/¢aferolmemberln Youth Theatre2. December2021 Our members We were delighted that, despite all the pressures of the Covid pandemic, membership numbers increased. 123 members attended Angel Shed during 2021122, OUT highest ever membership, with 13 members attending more than one group, and 50 members attending for the first time. Our average termly membership was 96 this year. For context, this ranged from 65-73 between 2016-21. We are very happy with the number of children and yovng people who atcessed our work this year. However long-term, continued engagement continues to be a core element of our work and we are pleased that high number5 have been atlending Angel Shed for several year5- 57% of Youth Theatre 2 members (aged 13-191 have been members for 5-10 years, while 77% of Youth Theatre I members lage$ 10-131 have been members for 34 years. Lookin8 at our membership overall, we see ihat over 20% have special educational needs or are disabled, while 54% are minortty ethnic and 63% are female. "My doughter hosASD ondneurodevelopmentolundspeech disorders. She is very creotive ond ha5 Q5pirat10115 obout herfuture. But lot of time5 She doe5 not get opportvnitie5, end5 up masking herdifficulties und tries tofit iF>. This ends in melt down ondl(Jck of ronfidence. Forhgr gtAnqel Shedshefeels she is uble to contribute hercretstive ideos ondsee it develop into o piece to perform. This is gre(Jtforherronfidence.- Porent/£oreroADonce Compony/Youth Theotre2 member. Moy2022
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT Our performances We put on regular performances (ated by children and young people. in professional theatre spaces at our base in City and Islington College. During 2021-22. our members presented the following performances. which can be watched on our YouTube channel.. Curtain raiser for'Smack- Spektakel, at Rich Mix. Dance Company Ioctober 20211 Autumn sharing. Children's Theatre I (November 20211 'London Behind Closed Doors,, Youth Theatre 2 (December 2021 and March 20221 Spring sharing, Children's Theatre I (March 20221 'Creativity Da¢. Music Collective and Dance Company Imarch 20221 he Hunt for Inheritance., Youth Theatre I (May 20221 Summer by the River at London Bridge City, Music Collective and Dance Company (June 20221 'Double Bill., MiJ5ic Collective and Dance Company (June 20221 Summer sharin& Children's Theatre I (July 20221 'House of No Escape., Children's Theatre 2 ljvty 20221 We also organised a number of trips for members, including'sold. at Park Theatre, 'The Washing Line, at Chickenshed,. and '81ack Love. at Kiln Theatre. "Loved itl So Impressed thor everything wos devisedondcreored by ihe chlldfen- enqoqln9 Jnd beuulifultyperformed. Well donel" "Ilound thtperfornnce to be incredible. It W05 greut to see everyone disploying sts much confidence in their5kills- "Could tellrhot the youn9 people reolfy hod ownership over rhe work. Felt trufy inclusive- everyone wos eouolfy involved- "Loved that itcome Jrom them, you con see the Liwnership ond theirpersonolities come rhrough." Audleftceftedb#¢k May.Juty2022 Outreach.. Angel Shed In the communbty We engage in a range of outa(h projects, deliverin8 inclusive attnfilies with some of the hardest to reaih members of our community. We were delighted to get out into the community more this year following the Testrictions imposed by Covid. Workshops included sessions ai The Bridge Saiellire (Alternarive provision). Richard Cloudesley ISKondary SEND Setting) and Eliiabeth Garrett Anderson secondary Iworkshop for students with ASDI. We once again delivered community'Arts on Estates. workshops with Islington Council and continued to be part of their 11 by 11 scheme- a commitment to offer 11 free outstanding cultural experiences to all children and young people in Islington by Year 11. We were excited to welcome young people from youth clubs and comrnunity groups across the city to watch our performances.. 'We never get offers to take our young people to the theatre for free, thank vou" Yhank you very much for helping to create excitement in our communities" Attendees included Young people from Chicken5hed. Haringey Shed. Marf5. NWS Project. Roundhouse. Sapphire Community Group and XLP. We delivered a week-long'make a Theatre Performance. projett as part of Summerversity in August 2022. 15 young people a£e(J 13-19 t(M)k part, includinE 10 newtoAnEel Shed. -In De¢ember2021 v* hod the privilege to toke pjrtin odmmo workshop run byAngelShed Theotre which we utterty enjoyed. We hodlots offvn on ouradventurotss journey tsround rhe world. We ore ¢y
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT livelyclass of nine5tudents with odditionul need5. T1 MuenSOry upprouch kept U5fvlly engaged und the ortists were very ottuned arjd accornmodating to the students'needs." Teother. Aichord CloudesleySclKl December2021 Our volunteers We run an extensive volunteer programme. providing trainin& inclusive facilitation practice and experience working with children and young people. OUT volunteers are at the core of our work and Angel Shed could not do what we do without them. Our highly experienced creatNe staff, inclusive approach, and large trained volunteer team allow us to deliver high-quality artistic work while providing the most appropriate support for each participant. A high ratio of adults to participants ensures the best possible support for all children and young people. Our volunteers share a common interest in the performing arts, children and young people, and inclusivity. The diversity of volunteers. backgrounds and experiences make them great role models for our members, who can see themselves reflected in the team. Some volunteers attended Angel Shed themselves as children and have progressed into the volunteer pro8ramme. Further volunteers supported our work thiou8hout ihe year, including professional photographer, graphic desi8ner, and musiclans. In the year, 41 performlng arts volunteers supyjrted our members Sn workshops and performances, averaging 24 per term. Of these, 24% were students at City and lslington College, or other local special and mainstream schools. In November 2021, our volunteer team received a commendation at the Voluntary Action Islington 'Volunteers of the Year 2021, in reco8nition of their excellent work. 'Ifeelmore confident in myself ondhove been given opportunities, which I wouldn't hove otherwise hod.- -1 joinedAnGtelShed os o volunteerwirh rhe tntent ofsociolising ond now lfteljusr 0$ excired to le(Jrn how to teoch. fvcilirjre ond support children.- -1, impmvedmy communicorson skills. met Iors of people quite different to me ondfrlt more sntegmred in mycommunity.- Volunteers. Jufy 2022 Financial support Islington has the seventh highest rate of children living in poverty in the UK (End Child Poverty Coalition, 20191. Fundafflentalto our mi55ion is to prioritise those member5 who are experiencing any form of disadvantage. We operate a 'pay-what-you-can' system to ensure no-one is excluded due to financial constraints. Over 60% of members accessed our support initiative over 2021122 and we are expecting this to rise as the cost of living crisis continues to hit. "It 15 very hord tofvndclub5 that LTre IluSive. cheop und a1ve ullo pla where we purent5 rely on the staff with no worries of our child.5 speciul needs behaVur. As u purent, l ulways look forwurd to the performunce, it mLJkes mefrelproudof yny son being copoble of doing such gotxl show5.- Parent/coreroJmemberift Music Collertive. November2021
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT Impact and evaluatlon Our comprehensive impact measurement system takes a multi-viewpoint approach: Weekly observation of members by staff and volunteer team. Termly self-evaluation questionnaires by members. Annual parent/carer questionnaires. Testimonials and feedback from members. parentslcarers. and referrers. Case studies of members by staff. The differences Angel Shed makes in children and young people's lives are varied. The primary outcomes we measure our impact against are.. belonging to a community; strengthened relation5hip5- increased confidence- irnproved Skills. Feedback from our members showed the following.. I feel listened to 83% I made a new friend this term I'm given support when needed I've got to know people different from me I feel included 94% I have improved my skills or gained new skllls 91% I can be myself 82% 85% I've got better at... .sharing ideas .listening to others .collaboratin8 Wlth other children .collaboratin8 Wlth adults 85% 93% From attending Angel Shed, parentslcarers noticed a positive impact on their child's.. Mental health 96% Behaviour 92% Confidence and self-esteem 96% Relation5hip5 in the fami 91% Performance and wellbeing at School 92% Safe8uardlng. trainln8 and poll¢y We take safeguarding extremely 5eTiously and it is an integral part of our work. We always have a minimum of iwo Safeguarding Leads in the organisation and our Safeguarding TTu51ee delivers safeguarding training each ierm which 15 mandatory for all staff and volunteer5. Safeguarding Leads complete Advanced Child Protection training. Our Safeguarding Policy 15 reviewed at least annually. Two workshops were delivered for our staff and volunteer team by Frantic Assembly. Staff complete other training as required. such as First Aid. Safe Recruitment. Equality. Diversity and Inclusion. We hold policies on areas includingthe following.. Safeguardin& Positive Behaviour Support. Anti- Bullying.. Equality. Diversity and Inclusion- Social Media. Complaints.. Uncollected and Missing Child.. Health and Safety.. Data Protection. GDPR and Confidentiality. Recruitment,. Conflict of Interest. We regularly review all policies and ensure they are put into practice.
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT 10. Youth board Angel Shed's Youth Board IYBI was piloted in March 2021 with the aim of enabling members to become more involved in our decision makin& getting the chance to meet and talk with senior leadership and increasing youth involvement across the organisation. Participants represent all four of our youth groups I1. 2. MC. DCI and range in age from 11 to 17. 2021122 saw the Youth Board's first full year. highlights included.. Writing a YB'Mission Statement,. Deciding key themes- mental health and race and racial equality. Allocating funding. including to theatre trips and a fundraising event. Changes to project research and development based on YB feedback. 'Creativity Day, planned and delivered by YB and open lo the whole community. The event included.. inclusive performing arts workshops for children and their familie5, live music and dance performances, a raffle, bake sale, and refreshments. Shaping funding applitations lincluding a successful Arts Council projett for 20221231. 11. Mana8ement The senior leadership team provi(Jes regular reports to, Jnd are answerèble to, the Board, who in turn oversee the workings and management of the charily. The organisation's senior leadership team this year remained Executive Director Dawn Davis and Co-Artistic Directors David Mabbott and Natalie Sloth-Richter. The Co-Artistic Directors a supported by a team of freelance facllitators who are speclalists in theatre, music and dance. alongside our team of volunteers. At the end of 2021122. Natalie and Dawn decided to move on from Angel Shed after S and 2 years with the organisation respectively. We are grateful for the fantastic contributH)n they have made to Angel Shed and thank them for all their hard work- particularly durin8 the Covid pandemic. Angel Shed transitioned to a new team structure over the Summer term and into Autumn 2022. David Mabbott has taken on the role of ArtisticlExecutive Director. with Maya Shimmin joining the team as Company & Volunteer Manager and David Ward as Fundraiser. Maryam Shaharuddin, Philly Rule and Yanna Avlianos stepped up into Lead Facilitator roles, 5LlPPOrted by a new team of Assistant FacilitatOT5. Our volunteer team continue5 to grow into 2022123. 12. Clty & Islin8ton Colle8e Since ils inception, Angel Shed has had the beneftt of facilities at City & Islington College ICANDII, including professional performing 5pace5, rehearsal facilitie5 and a small office. These resources are provided free of charge, the annual benefrt of which is estimated at around £30,(K>O. The free Use of the Space is vrtal to Angel Shed and mean5 that the bulk of our funding is directed towards the children and not costly overhead5. Our Collaboration Agreement wr(h CANDI secures our continued use of the space and confirms the ongoing work being carried out by both parties. The Board is very grateful to CANDI for their continued generosity. Our strong relationship with CANDI includes Angel Shed providing opportunities for students to take part in our volunteer programme. and collaborations such as fashion students designing and making costumes for Angel Shed performances. We continue to work on further collaboration through joint creative projects and the development of an HNC in Inclusbve Performing Arts.
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT 13. Fundralslng Most ofAngel Shed's income comesfrom trusts. foundations and grant-makers. In an increasingly challenging funding climate. Angel Shed is evergratefulforthe continuing support and generosity of our funders. including (among others): Angle House Foundation Arnold Clarke Community Fund Arts Council England Backstage Trust Charles S French Charitable Trust CrippleBate Foundation The Cuckoo Hill Trust Front Room Song5 Garfield Weston Foundation The Harold Hyam Wingate Foundation Isledon Arts Islington Council Arts on Estates Islington Council Small Change. Big Impact Jack Petchey Foundation The john Thaw Foundation The Leatherseller5' Foundation LHC Community Benefit The Morris Charitable Trust The Pat Newman Trust Three Monkies Trust A lesser amount of our income comes from subscriptions paid on a termty basis by benefitiaries, tickets and merchandise sales, and donations. Regrettably, given thai we work in a community that suffers from a high level of deprivation ihat Is exacerbated by ihe current cost of livin8 crisis, the increased membership results in a commensurate increase in demand for financial support rather than increased income from subscriptions. A fundraising sub-commf(lee has been formed by the Board to explore expanding alternale funding streams, includin8 corporate engagement and donations. Followin8 a pilot project in Summer 2022. we plan to roll out an Inclusive Training offer, building on almost 20 years, experience delivering hi@h4Juality inclusive training and workshops. We expect this to create a sustainable income stream, 8Nen hi8h demand in both the charity and corporate sectors. 14. Flnanclal revlew The financial statements are attached. During the year to 31 August 2022, the charity received income of £119,752 12021.. £121,745). After expenditure amounting to £121,170 12021.. £121,466), the Charity recorded a deficit of £1,41812021- surplus of £2791. Over the past two year5, we have been fortunate to have received grant5 from the variou5 Covid emeT8ency funds but fundraising ha5 become More challenging and the level of grant5 received this year h35 fallen. Despite steps taken io reduce costs, the net SuIt Is a small defitit and the Tru5tee5 agreed io release fund5 from reserves. The restructure of the team in 2020121 resulted in lower staff costs. With the welcome return of in-person workshops, membership numbers have increased and consequentially subscription income and. similarly. the resumption of the end-of-term shows has generated income from ticket sales. Set off against this has been the resukant increase in volunteer expenses and other support costs. The new team structure described above will ensure that staff costs are reduced, enabling investment in fundraising support which has already generated increased funding for the next financial year. io
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT 15. Reserves policy The Trustees consider it appropriate to maintain unrestricted reserves of no less than the gross expenditure budget for one term lapproximately 4 months, worth of operating costs). Total funds at 31 August 2022 amounted to £76.631 12021.. 78.0491 of which unrestricted reserves were £57.24212021: £61.5CM)l and which exceeds the target level. The Trustees are aware of the need to maintain and build reserves but consider that this level of resetves is sufficient to keep the charity delNering the core programme in the event of a significant drop in funding. However, in recognition of the increased competition for funding and the financial pre55ures over the last two years resulting from the Covid pandemic, the Trustees aim to increase the level of reserves to 50% of the full year budgeted costs to provide greater long-term financial stability. 16. Rlsk assessment The Tru51ee5 have identrfied and reviewed the risks to which the tharity is exposed and are satisfied that the internal control systems in place (including regular reviews of the financial budget and future plans) are sufficient to miligate these risks. The Trustees have identrfied the following principal risks that the charity faces: Major loss of income from donors.. the Trustees regularty monitor the level of funding and ontinue to develop a sustainable fundraising plan. Need to relocate.. the Collaboration Agreement sned with CANDI secures the charitV'5 continued use of the space needed for the foreseeable future. Continued restrictions due to Covid.. the restrictions imposed over the past two years have provided an effective framework to enable the charity to switch swiftly to online delivery of activities should the need arise. Reputational damage.. Safeguarding is considered a priority and our polities and procedures refleci the importance we attach to rt. Safeguarding is a Standing ilem on the Board'5 agenda and a safeguardinB report 15 presented to the Board annualty, compiled by the Safeguarding Trustee and Safeguarding Leads. 17. Looklng ahead Our mefflbers are at particularly high risk from the ongoing Cost-of-living crisis as a high proportion come from low-income households. Islington has one of the highest rates of child poverty in England which means a signrficant number of local children are 8rowing up In households struggling to make ends meet. As our membeiship grows, we have noticed that a higher proportion of new members require financial support. We never turn a child away on financial grounds and while our costs increase. we do not feel able to increase our subscriptions. This is reflected in our budget and fundraising plans going foard. We have taken the decision to suspend our youngest membership group (Children's Theatre I, ages 5-71 as there is least demand for this group and it has the least impact in terms of those we are trying to reach. This will allow us to focus on the other five membership group5, developing projects wrth specrfic target groups and growing ourovtreach programme- ensuring we continue reaching out into the community and providing workshops to those least likely to have access to the performing arts, particularly as the cost-of-INing crisis is likely to cause other already scarce opportunities to dry up. li
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT Across Spring and Summer 2022. we ran 3 Community Consultation to re-engage with our wider community as we came through the pandemic. We will be addressing the key learnings from this exercise in the year ahead and incorporating them into our strategy going fomard. including the following. We asked what the greatest barriers preventing children and young people from taking part in activities outside school were. Many chose 'lack of support for mental health needs, and 'racism and racial inequalitw. These are areas our Youth Board have chosen to look at in more detail. We asked which group5/communitie5 could be better served or represented in activities outside school. We will be focusing our outreach work this year on those children and young people currently least represented and who we have historically had least en838ement with, including refugees and asylum seekers. those attending Pupil Referral Units and those with experience of the care 5V5tem. We asked how people usually hear about a1VitieS happenin8 locally. Most said word of mouth, which currently is how many members hear of us, but second was 'social media., a tool we will utilise more to increase engagement with the young people and their families who would most benefit from participating. We are launching an ambitious 3-year strategy for 2022-25. Areas of focus include increasing our membership. establishing new specialist groups. delivering longer-term outreach projects, increasing lived experience across the organisation. building our core staff team and diver5ifyin8 our income streams. 18. Legal structure and governance Angel Shed Theatre Company I"Angel Shed"l is a registered charity (registration #11116841 and the trustees have adopted the provisions of the Statement of Recommended Practice: Accounting and Reporting for Charities. Angel Shed is an unincorporated association, registered as a charity on 13 October 2C(15 and operates under its constitution dated 29 September 2(X)5 las omended on 29 September 2017 and 18 June 20211. The Objects of the Charity are the advancement of education in the field of the performing arts including Ibut not limited tol drama, music and dance, for ihe benefil in particular but not exclusively of children and young persons who require help with mobilitv, communication, or other physical, mental or behavioural needs and those that come from di5advant3ged backgrounds, wrth a view to increasing their confidence and 5elf-e5teem and helping to build a more inclusive society. The Board are completin8 the process of incorporation. Bates Wells Braithwaite IBWBI have generously offered to provide the necessary legal advice on 3 pro-bono basis. The new Charitable Incorporated Organisation ICIOI for Angel Shed Theatre Company 1#11951941 has been registered with the Charity Commission. We received approval from the Charity Commission to transfer the assets and employees of Angel Shed to the CIO in early 2022 and are working with BWB to do this. The Trustees confirm that they have read and understood the Charity Commission's guidance on Public Benefit. Having regard to that guidance, the Trustees consider that the Purposes and activities of Angel Shed, as set out in this report, satlsfy the requirements of the public benefit test as set out in section 4 of the Charitie5Act 2011. The Tru5tee5 will continue to have due regard 12
ANGEL SHED THEATRE COMPANY TRUSTEES REPORT to the Charity Commission's public benefrt guidance in determining the activities undertaken by Angel Shed. Angel Shed is managed by a board of trustees who meet at least six times per year. The Trustees are also the members of Angel Shed. Under the terms of the constitution. Trustees are elected for a period of three years after which they are eligible to be re-elected by the Board. Trustees are eligible to stand for a maximum of three consecutive terms. New Trustees are provided with a full induction to the legal obligations. the charrty's finances and its policies. All Trustees are expected to complete safeguarding and child protection training and further training is provided when beneficial and desired. The Trustee5 bring a range of complementary ski115 to the board, including expertlse in safeguarding and child protection to ensure policies and procedure5 are fully up-to-date, specific professional ski115 Ifinance, legal, fundraising) to ensure that Angel Shed complies with its legal and tharitable requirements as well Js representation of l)oth the children Iihrough their parents or carers) and the volunteer praciitioners. We value working with people of different experiences, skills and backgrounds as this is how we continue to learn. grow 3nd ihrive 3nd our recruitment process reflects our commitment to remove any poiential barrier to applicants. The Trustees who held office at the dale of this report are: Paul Brocklehurst Andrew Duncan Anna Fox Nicky Galliers John Gaine Alex Khosla Sarah Kitteridge Richard Longworth Jake Macan Caroline Rouse Albert Simsensohn Jo Stevens Rupert Taylor (Safeguarding) Ashley Zhang (Chairl (Secretary) (Treasurer) Approved by the Trustee5 on 6th April 2023 and signed on their behaw bv.. Andrew Duncan Chair 13
ANDEL SHED THEATRE COMPANY INDEPENDENT EXAMINER'S REPORT I report to the trustees on my examination of the accounts of the above charity for the year ended 31 August 2022. Responslbllltles and basls of report As the Charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect of my examination of the Charitws accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under sectiot) 14515llbl of the Act. Independent examlnerfs ststement I have completed my examination. I confirm that no material matters have come to my attentlon In connection with the examination giving me cause to believe that in any material respect.. the accounting records were not kept in respect of the Charity as required by section 130 of the Act,. or the accounts did not accord with those records.. or the accounts did not comply with the applicable requirements toncerning the form ènd content of accounts set out in the Charities IAccovnts and Reports) Regulations 2008 oiher than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In connection with the examlnation to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Aamer Shehzad FCCA FCA Accountability Europe Ltd Omnibus Workspace 39-41 North Road London N7 9DP Date.. 1110412023 14
ANGEL SHED THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST2022 Note Unrestricted Fund5 Restricted Funds Total 2022 Total 2021 Income from: Charitable activitie5 Other income 28,757 18,522 72,473 101,230 18,522 106,815 14,930 Totsl Income 47,279 72,473 119,752 121,745 Expendlture on.. Charitable activitEs Support cost5 Total resources expended 146,5881 18,7491 155.3371 165,8331 1112,4211 18,7491 1121.1701 1114,9841 16,4821 1121.4661 165.833) Net In¢ome/lexpendlturel (8,0581 11,4181 279 Fund balance brought forward 61,5 16,549 78,049 77,770 Fund balance carrled forward 53.442 23.189 76.631 78.049 The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total reco8nised gains and losses has not been prepared. All income and expenditure relate to continuing activities. The attached note5 form part of these financial statements. 15
ANGEL SHED THEATRE COMPANY BALANCE SHEET AT31 AUGUST 2022 Note 2022 2021 Fixed assets Tangible assets 7.226 9,278 Current assets Cash at bank Other debtors 72,912 182 73,094 69,656 205 69,861 io Credltors: amounts lallln8 due wlthln one year li 13,6891 11,0901 Net current assets 69,405 68,771 Net asset5 76.631 78.049 Funds of the charlty Restricted funds Unrestricted funds 23,189 53.442 16,549 61,5C(I Total fund5 12,13 76.631 78.049 Approved by the Board of Trustees and authorised for issue on 6th Aprll 2023 and Signed on behalf of the Board by.. Andrew Duncan (Chairl Caroline Rouse (Treasurer) 16
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 l. Principal accounting policies 1.1. Basis of preparation The financial Statements have been prepared in accordance with the Statement of Recommended Practice: 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 IFRS 1021 and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially reco8nised at historical cost ortransaction value unless othe1$e stated in the relevant accounting policy note. 1.2. Going concern The ability of the charr¢y to undertake its activities Is largely dependent upon the receipt of grants, subscriptions, donations, and ticket sale5 from its performances. The Trustees consider that there are no materièl uncertainties about the thority's ability to continue as a going concern. 1.3. Accounting convention The flnanclal statements are prepared under the historlcal cost convention. 1.4. Cashflow statement The charity is exempted from preparin8 a cash flow statement due to the exemptlon avallable to charities with income less than £5(Kl.lYJ). 1.5. Income All income is recognised in the statement of financial activities once the charity has entitlement to the income, r( 15 probable that the income will be received and the amount of income receivable can be measured reliably. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted under FRS 102. 1.6. Expenditure and liabilities All expenditure 15 accounted for on an accruals ba515 and is inclusive of irrecoverable VAT. Liabilities are reco8nised as soon 3$ there is a legal or constructive obligation committing the charity to the expendr(ure. it is probable that settlement will be required and the amount of the obligation can be measured reliably. 1.7. Funds ReslTiCted fund5 received are accounted for Separate and are used for the purpose specified by the donor. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charf(able objectives of the charr(y. 17
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 1.8. Fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Music31 equipment - 33% on cost Office equipment 12.5% on cost Detailed comparatives for the statement of financial activities Unrestricted Fund5 Restricted Funds Total 2021 Income from.. Charitable activities Other Income 51,081 14,930 55,734 106,815 14,930 Total Income 66,011 55,734 121,745 Expendlture on: Charitable aclivities Support Costs 145,8181 16,4821 169,4661 1114,9841 16,4821 Total resources expended {52,000 {69,466) 1121,4661 Net Incomellexpendlturel 14,011 {13,732} 279 Fund balance brought forward 47.489 30,281 77,770 Fund balance carrled forward 61.500 16.549 78.IY19 18
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 Income from charitable activitie5 Un- Restricted restricted Funds Funds Total funds 2022 2021 Grants recelvable Cripplegate Foundation BBC Children in Need Jack Petchey Foundation Islington Council Small Change, 818 Impact The john Thaw Foundation Charles S Ffench Charitable Trust The Leathersellers, Foundation The Broughton Family Charitable Trust The Cuckoo Hill Trust The Pat Newman Trust Cloudesley Foundation Morris Charitable Trust London Youth Arts Council England GLA Groundworks CAF Resilience Fund Angle House Foundation eackstage Trust Islingion Council- Arts on Estates Arnold Clark Community Fun(J Three Monkies Trusi Garfield Weston Foundation LHC Community Benefit Front Room Songs The Harold Hyam Wingate Foundation Isledon Arts CIC 3,750 5,000 8,750 12,325 12,598 1,500 7,500 13.478 5,000 13,478 5,000 1,000 3,000 5,ClJO 3.000 3,000 5.000 5CK] 1,500 2,000 5,000 4,568 6CKJ 835 6,808 19,581 3,000 20,000 1,000 1,51XI 1,500 2,CQO 2,500 2CIJ 8,055 2,500 8,055 14,507 14,507 1,000 1,000 9,500 iO,(KX) 4,260 5(K) 3,000 6,980 1,000 9,500 10.000 4,260 500 3.000 6.980 Grants received 28.757 72.473 101.230 106.815 Grant5 c1355ified as restricted funds Can only be used for specific purposes ènd for the purpose specified by the donor. 19
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 Other income Total funds 2022 2021 Subscriptions Donations & legacies Ticket and other sales 11,163 5.140 2,219 9,175 4,918 837 Other income 18,522 14,930 Subscriptions are contributions received from, or on behalf of, participants in Angel Shed's theatre workshops. Subscripiions are collected on a per-term basis. on a recommended amount a5 decided by the Trustees. Donations are received mainly from individuals at Angel Shed shows and community fund raising events. Ticket and other sales relate primari to the Sale of tickets to shows and An8el Shed merchandise. Other income is considered as unrestritted funds. During both years, the charity received donations in kind from cr(y and Islinglon College for the use of theatre, office space and certain administrative costs. Charltable actlvltles Total funds 2022 2021 Staff costs and freelance fees Volunteer expenses Venue hire, security and a1Vity COSIS 103,368 3,429 5,624 107,943 2,4 5,037 Charltable artlvltles 112,421 114,984 Staff costs are for Angel Shed's artistic team. Freelance fees to staff are delermined on a lerm- by-term basis. Volunteer costs include primarily the reimbursement of travel and out-of-pocket expenses for helping at rehearsals and shows. Activity costs include production costs le.g. costumes, IT, equipment and support etc.), direct marketing expen5e5 and other direct project expendtture. 20
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 Support costs 2022 2021 Insurance Telephone, internet and website Training and recruitment Depreciation Office c05t5 Accounting and governance fees 458 1,739 480 1,375 299 1,518 1,420 1,390 2,052 2,186 2,314 Support costs 8,749 6,482 Angel Shed does not incur any fent or other octupanty expenses for the use of the theatre, rehearsal rooms and office space. as this is provided free of charge by City and Islington College 12020.. £nill. Net IncomellExpendbturel for the yeai Thls is stated after charglng: 2022 2021 Depreciation Independent examinerfs fee (excluding VATI 2,052 750 1,518 750 Analysls of staff costs, trustees, remuneratlon and expenses and costs of key management personnel Total staff costs were as follows= 2022 2021 Salaries and freelance fees Social security costs Other pension costs 95,826 5.010 2.532 104,832 2.000 I,iii 103,368 107,943 No member of staff received emoluments of more than £60,000 in the year12021.' £60,000). The total employee benefits. including employer NIC and pension. of the key management personnel were £38.55612021: £44.2281. During the year there were no Tedundancy payments. 21
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 The trustees of the charitable company were not paid and did not receive any other benefits from employment with the charity in the year 12021- £nill, neither were they reimbursed expenses during the year12021.. £nill. No charity trustee ceiVed payment for professional or other services supplied to the charity (2021.. £nill. The average number of part-time employees during the year was as follows.. 2022 No. 2021 No. Performing arts practr(ioners and administration Tan8lble fixed assels Musical equipment Office equipment Total Cost At I September 2021 Addltions At 31 August 2022 5,418 8,738 14,156 5.418 8,738 14,156 DepreCIaOn At l September 2021 Charge for the year At 31 August 2022 12,8741 19601 13,8341 12,ClJ41 11,0921 13,0961 14,8781 12,0521 16,9301 Net book value At 31 August 2021 6,734 9,278 At 31 AuBu5t 2022 1,584 5.642 7.226 10, thher debtors 2022 2021 Prepayments and accrued income 182 205 Other debtors 182 205 11. CredStors: amounts falllng due withln one year 22
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 2022 2021 Accruals and deferred income 3.689 1.090 Creditor5: amounts falling due within one year 3.689 1.090 12. Movement in funds Current year I Sept 21 Income Expend- iture 31Au8 22 Restrlcted funds Cripplegate Foundation Jack Petchey Foundation Islington Council- Small Impact. Big Change Charles S French Charitable Trust Morris Charitable Trust London Youth Arts Council England Angle House Foundation Islington Council- Arts on Estates Three Monkies Trust Garfield Weston Foundation LHC Community Benefit Front Room Songs Harold Hyam Win8ate Isledon Arts CIC 5.C(JO iio.¢y))I 17,0891 1S.Crf)01 13.(M)01 14,5681 16811 18,0551 13,(K)01 12,(K)01 14,5001 iio,oth)I 14,2601 Is) 13.478 6,389 2,500 2,500 3,C#JO 2,500 21x1 8,055 4,568 481 2,500 3,C#JO I,coo 9,500 io,oc 4,260 SC 5,000 3,000 6,980 13,1801 Totsl restrlrted lunds 16,549 72,473 165,8331 23,189 Unrestrlcted lund$ General funds Total unrestricted funds 61,5 61,SfJ) 47,279 47.279 155,3371 155,3371 53,442 53,442 Total funds 78.049 119.752 1121.1701 76.631 23
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 Movement in funds Prior yet7r I Sept 20 Income Expend- iture 31Aug 21 Restricted funds Cripplegate Foundation National Lottery Emergency Fund Islington Giving Crisis Fund Arts Council England Emergency Response Fund Youth Music Emergency Fund BBC Children in Need Jack Petchey Foundation Islington Council- Small Change, Big Impact Cloudesley Foundalion Morris Charitable Trust London Youth Arts Council England GLA Groundworks Angle House Foundation Islington Council- Arts on Estates 1.766 8,350 8,350 7,515 4,300 12,325 19.0911 18,3501 18,3501 17,5151 14,3001 112,5981 11,5001 15,(K)01 15,1X)01 5,000 12,598 1,500 7,500 2,500 4,568 4,568 481 11191 18351 16,8081 835 6,808 3,000 1,000 Total restrlcted funds 30,281 55,734 169,4661 16,549 Unrestrlcted funds General funds Total unrestrlcted funds 47.489 47.489 66,011 66.011 152.ocKII 152.0001 61,500 61.500 Totsl funds 77,770 121,745 1121.4661 78,049 24
ANGEL SHED THEATRE COMPANY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 13. Analysis of net assets between funds Current year Tangible fixed assets Net current assets Total 2022 Restricted income funds Unrestricted income funds 23,189 46.216 23.189 53,442 7.226 Total funds 7,226 69,405 76,631 Prior yeor Tangible fixed assets Net current a55ets Total 2021 Restricted income funds Unrestricted income funds 16,549 52,222 16,549 61,500 9,278 Totsl funds 9,278 68,771 78,049 14, Taxatlon The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 15. Related party transactlon5 There are no related party transactions to discbse forthe year12021- nonel. There are no donations from related parties which are outside the normal course of busine55 and no restricted donation5 from related partie5. There is no balance due to/from related parties at the end of the year. 25