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
I￿apPointed 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 p￿Pared 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 I￿1)
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 thtperforn￿nce 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 out￿a(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￿ Mu￿￿enSOry upprouch kept U5fvlly engaged
und the ortists were very ottuned arjd accornmodating to the students'needs."
Teother. Aichord CloudesleySclK￿l 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 I￿luSive. cheop und a￿1ve ullo pla￿ where we purent5 rely
on the staff with no worries of our child￿￿.5 speciul needs behaV￿ur. 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 I￿1. ￿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 s￿ned 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 fo￿ard.
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 a￿1VitieS 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 othe￿1$e stated in the relevant
accounting policy note.
1.2. Going concern
The ability of the charr¢y to undertake its activities Is largely dependent upon the receipt of
grants, subscriptions, donations, and ticket sale5 from its performances. The Trustees consider
that there are no materièl uncertainties about the thority's ability to continue as a going
concern.
1.3. Accounting convention
The flnanclal statements are prepared under the historlcal cost convention.
1.4. Cashflow statement
The charity is exempted from preparin8 a cash flow statement due to the exemptlon avallable
to charities with income less than £5(Kl.lYJ).
1.5. Income
All income is recognised in the statement of financial activities once the charity has entitlement
to the income, r( 15 probable that the income will be received and the amount of income
receivable can be measured reliably.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted under FRS 102.
1.6. Expenditure and liabilities
All expenditure 15 accounted for on an accruals ba515 and is inclusive of irrecoverable VAT.
Liabilities are reco8nised as soon 3$ 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 a￿1Vity 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
DepreCIa￿On
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