Company registration number. 05516471 Charity registration number 1112701 CHAIN RÈACTION '"N" Igniting Changefor30years CHAIN REACTION THEATRE COMPANY TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Beresfords Charted Certif*d Accountants 1-2 Rhodium Point Spindle Closè Hawkinge, Folkèstone Kent cr18 7TQ
Chain Reaction Theatre Company Contents Page Reference and Administrative Details Trustees, Report Independent Examiner's Report io Statement of Financial Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities lincluding Income and Expenditure Account) 12 Balance Sheet 13 Notes to the Financial Statements 14-20
Chain Reartion Theatre Company Reference and Administrative Details ForThe Year Ended 31 March 2025 Trustees Mr S Eves Ms N Jeng (appointed 15107/20241 Mr S Kenwrlght Ms E Knight (appointed 15/0712024) Mrs N Leach Miss L Stewart Miss S Watson Company Secretary Charity Numb•r Company Number Registered Office Mr5 S Smit 1112701 05516471 Mlllers House Three Mill Lane London E3 3DU Business Millers House Three Mill Lane London E3 3DU Independent Examiner Daniel Payne FCCA Beresfords Chartered Certlfled Accountants 1-2 Rhodium Point Spindle Close Hawkinge, Folkestone Kent CT18 7TQ Page I
Chaln Reaction Theatre Company Company No. 05516471 Trustees, Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objertives and Activities Aims and Objectives Chain Reaction is an award-winning London-based charity that has been using theatre and medla to Ignlte personal and social change for an incredible 30 years. That's three decades of empowering young people, challenging perceptions and creatlng real Impact In communities across London and the UK. Chain Reaction work in partnership with schools. local councils and corporate organisations to produce high-quality. emotionally engaging projects which transform how people relate to themselve5, their community and wider 50ciety. Operating acr055 both the public and private sectors, we ensure ourwork with vulnerable young people Is atthe heartof everything do. We identify and address the most acute health and social issues they face today. Through the power of creativity, we engage, educate and empowerthem to reach their full potential in lrfe. Whether we're delivering professional theatre performances or running youth theatre5. creative media workshops, social action groups or interactlve trainlng programmes, our work increases people's skills, knowledge, resilience, self-esteem and confidence. We actively fundraise to ensure our transformational community projects are completely free of charge, making them fully accessible to those who need them most and ensuring our impact is as far reaching as possible. Over the last 30 years we're proud to say that our work has reached over 420,000 people. We design and dellver engaging and creative workshop programmes exploring key health and social issues. We work with professional actors, writers and directors to create original theatre for young people and adults. We develop bespoke programmes for corporate audiences to ignite organisational change. We've spent 30 years educating, inspiring and increasing the confidence of severely disadvantaged young people aged 5 to 19. Working in areas of èxtreme deprivation, we enable young people to develop essentlal Ilfe skills, motivation, aspirations and access to high-quality arts and cultural opportunities (often for the firsttimel. Our creative programmes for young people take place in Schools, communlty venues. theatres and special education units (for young people who have been excluded from school). Ensuring our community programmes are free to users enables us to alleviate the barriers which many young peopleface growing up in ourcommunitie5.weartivelypromote accessand inclusion to thearts byeliminating physical, cultural,social,and/orfinanclal barriers that can exclude participation. We hope you enjoy reading about our achievements. Our constltutional obje¢tives: Chain Reaction's objectives are to advance the education of young people and adults by. Devising, performing and producing original theatre wotk promoting awareness of health and social issues. Working with young people as performers and writers. Working with young people and adults through performance. workshops and media. Significant Activities: Using i55ue-based drama and media projects to explore real-life issues that young people face. Producing and tourlng high-quality, accessible theatre and workshop5 that provoke discussion and critical thinking. Ensuring that our work is accessible and relevant to our audience5 SO that 5choo15, theatre5 and community venues continue to collaborate wlth us year after year. Working in collaboration with other organisations, including those in education, health, youth services and the arts. Guaranteeing that young people leave our projects feeling more confident, empowered and optlmlstic, with increased self-esteem. self-awareness and aspirations for the future. CONnNUED Page 2
Chaln Reaction Theatre Company Tru5tees' Report (continued) For The Year Ended 31 March 2025 Slgnlflcant Artlvltles- ¢ontlnued Marketing our work to reach the young people and organisations who will benefit most. using our website, social media and insplring promotional materials. Monitoring and evolving ourfundraising strategytoensure wesustain current projectsand developnewonesthataddress emerging Issues affecting young people. Measuring and evaluating the impact of our work through participant feedbacL partner input and outcomes data, to ensure we remain effective and responsive. Creating opportunities for youth leadership and co<reation, enabllng young people to shape the content and dlrection of our projects. Public Benefrt Chain Reaction is one of the leading providers of free, positive arts-based activities across our target boroughs. We are widely recognised forourabilityto engage and sustain partlclpatlon of some of the most hard-to-reach young people. Young people are referred to our projects through strong partnerships with schools. youth and social seNices, as well as through our proactive outreach work We primarily operate in areas of high deprivation across London and EsseK with our key target areas ranking within the top 20% most deprived boroughs nationally. Research consistently shows that young people from deprived backgrounds face greater risks of substance misuse, anti-social behaviour. poor diet and teenage parenthood. Many of the young people we work with come from challenging backgrounds and are at rlsk of developlng antl-soclal or criminal behaviours. Someview becoming a young parentor relying on benefits as moreattainable life choicesthan completing education. Without inteNention, these attitudes can lead to a cycle of low confidence, poor emotional wellbeing and disengagement from education or employment- often reinforced by a lack of positive role models. Our programmes provide vital opportunities for positive engagement, skill development and personal growth, helping young people to rebuild confidence and aspiration. We work with those who: Attend Special Education Units and require support to reintegrate back into mainstream education. Are in the care system and need additional guidance, support and stability. Experience challenges with communication or social interartlon. Have ADHD and/or Autism and struggle in traditional classroom environments. Are at risk of disengaging from school and need targeted interventions to raise aspirations. Are already NEET (Not in Education. EmploymenL or Tralnlng) and need tailored mentoring and support to r+enter education, training. or work. Educational Perfomiance5 and Workshop Programmes Chain Reaction's educational performance5 and workshop programmes offer an engaging, creative way for young people to develop new skills, explore relevant social issues and gain valuable knowledge aboutthe world around them. Our work benefits young people and their communities by. Educatlng young people on key health and social issues. Promoting community safety and cohesion. Providing access to interactive arts and cultural activitie5, Offering extenslve. up-to-date information and learning opportunities. Raising confidence, self*steem and knowledge to help young people make informed life choices. Instilling a lasting Sense of community spirit and social responsibility. Young people who take part In our out<Jf-school workshops are engaging in positive, structured activities that keep them safe, active and off the Streets. These creative sessions Use drama and the arts to explore real-life challenges and empower participants to make better decisions - focusing on positive behaviours and active citizenship rather than anti-social activity. Our targeted workshops, dellvered In partnershlp wlth Youth Offendlng Teams, Special Education Units, Youth Inclusion Support Panels and Reintegration Units. ensure we reach the most vulnerable young people and address issues that can trulychange the trajectoryof their lives. ..CONTINUED Paqe 3
Chain Reaction Theatre Company Trustees, Report (continued) ForThe Year Ended 31 March 2025 Public Benefrt- Continued The impact of our work extend5 beyond individual participants. The families, peer5 and wider communities of the young people we support all benefitfrom the positive changes in attitudes and behavioufs that our programmes inspire. Stronger, safer and more cohesive communities ultimately benefit society as a whole- both now and In the future. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit. Achievements and Perforniance Engagement figures: This year Chain Reaction reached 807 young people aged 5-19 with intensive workshop programmes. Workshop programmes: We delivered an extensive programme of workshop project5 in partnership with a range of youth and community organisations, schools and funding bodie5 to deliver key 5pecialised targeted projects in and out of school hours. These projects build knowledge on health and social issues, increase asplrations and employabllityskills. nurture selfesteem, encourage individualityand improve young people's Social 5ki11s. In 2024-2025, we delivered thefollowing workshop programmes: Chain Reaction Youth Theatre 2. Girls Supporf Girls - London Borough of Newham 3. Girls Support Girls- London Borough of Tower Hamlets 4. Gir15 Support Gir15- Comic Relief S. A UP 6. Gol Drama 7. khool based bespoke workshop programme Ke ects 2024-2025 CHAIN REAcfioN YOUTH THEATRE London Boroughs of Newham & Tower Hamlets Dates: April 2024 - March 2025 Funding: BBC Children in Need, E55ex Youth Trust Total partlclpants: 47 CH.AIII AEACTION YtsuTH THEATRE Choin Reoction Youth Theotre (CRYT), our free weekly, issue-based youth theatre provides a transformative space for young people in need of extra support. providing them with a positive outlet to build new skills and thrive. Through the power of drama, we tackle real-life issues that deeply impact young people and use theatre to boost aspirations, self<onfidence and employabilityskills. At CR YT, we're dedicated to empowering some of the m05t vulnerable young people acr055 the disadvantaged boroughs of Newham and Tower Hamlets. This year, we worked with 47 young people aged 11-18, delivering 31 dynamic sessions from our creative hub at Miller5 House. Participants have had the unique opportunity to collaborate with our talented team of professional actors, writers and directors. gaining invaluable Insights and skllls wlthln the creatlve Industry. One of our biggest successes this year was the development of an original play. written entirely based on our participants, ideas. Together, we created a scrlpted show. 7he GreyArea. which was performed at the ELAM Theatre in July 2024. as well as a showcase of their own material titled Findin9 Your Voice. performed in November 2024. The characters, topics, themes and issues explored in both performances were created by our participants, ensuring the work was authentic meaningful and reflective of their voices and experiences. This year we enabled ouryoung people to access cultural opportunities by50urcing free tickets to see some of the incredible theatre that London has to offer them. We took them to see For Black Boys... at the Garrick Theatre - an amazing and transformative experience. They thoroughly enjoyed being out with their friends, exploring central London and were creatlvely Inspired by the show. In particular, the dynamic physical theatre elements had a significant influence on similar sections in their own performance work. We a150 took them to See Animal Form at the Theatre Royal Stratford East and A Knock on the Roof at the Royal Court. These experience5 have proven to be incredibly beneficial. Providing access to theatre for those who might not otherwise afford it ensures that all young people can experlencethe magic of live performance and be both motivated and inspired by it. cOnNuED Page 4
Chain Reaction Theatre Company Tru5tees' Report Icontinued) ForThe Year Ended 31 March 2025 Maln Achlevements- contlnued Outcomes: 100% of participants enjoyed CR. loo leamt new employability skills. 10096 feltsupported and listened to. 97% feel more confldent. I 00% have a greater interest in performance and the arts after attending CR. "My 50n ha5 gainedmore confidence andi5 willing to try new thing5, made lot5 of new friend5 andenjoy5 everypartof Chain Reaction. ITt reallymake5 hi5 week bettera5 he reallylove5 ciiming. Pleose keep up the good work and thanks for everythingyou have done notjust for myson but for everyone.. CRYT Partlclpanys mum ? havegained a lot ofconfidence, I haveleamthow to get overstage fright. l am proudofputting myselfon the spot and doing things I wouldn'tnormallydo. ... CRYfis an omazlng group. has honestly changedmy lifeand control of myemotions andhas made me feel more happines&" CRYT Partlclpan¢ aged 14 GIRLS SUPPORT SIRLS GIRLS SUPPORT GIRLS- THE PROJECT cptITI¥£ IVIIX 5KOPS TI ENPtsWEI E INSPIIE Girls Support Gir15 (GSG) is a transformative, drama-based workshop programme designed to empower vulnerable young women aged 13-16. At its core, GSG builds confidence, selfSteeM and knowledge - enabling participants to take control of their future5 and unlock their full potential. Highly adaptable and consistently in demand, the GSG format has been successfully tailored to address a wide range of issue5 affecting young women today, including mental health, healthy relationships, harassmenL bullying and radicalisation. Whatever thefocus,the programme remainsgrounded in itscore values-creatinga safe, inclusivespacewhereyoung womenfeel supported, inspired and empowered to make safe, infomied choices. Led by our team of experienced female facilitators, GSG is delivered as a dynamic, three-part workshop- typically completed In one day. Through powerful drama activities, open discussion and creative exploration, participants develop essential life and employability skills such as communication, teamwork, self-awareness, confidence, critical thinking and resilience. Through meaningful engagement, GSG helps participant5 explore real-life challenge5 and opportunities, encouraging them to reflect, express and grow. The programme nurtures a strong sense of self-worth and inspires young women to aspire toward positive, successful futures. GIRLS SUPPORT GIRLS- pREvEr London Boroughs of Tower Hamlets & Newham Dates: April 2024- March 2025 Fundlng: London Boroughs ofTower Hamlets. Newham and The Home Office Total partldpants: 269 For the past five years, Chain Reaction has partnered with local Prevent Teams to deliver Girls Support Glrls (GSG) - a preventative programme designed to educate vulnerable young women (aged 13-161 about the risks of grooming, radicalisation and exploitation. With Home Office funding, we delivered the GSG programme acr055 115econdary schools in Newham and Tower Hamlets, as well as a 4-day intensive holiday programme in Tower Hamlets- reaching a total of 269 young women. Whilst also covering the main GSG attribute5, thi5 interactive programme explores vulnerabilities. riskfactors and the consequences of radicalisation, grooming and exploitation. It equips participants with the knowledge, tools and confidence to keep themselves safe by explorlng: CONnNUED Page 5
Chain Reartion Theatre Company Trustees. Report (continued) ForTheYear Ended 31 March 2025 Maln Achlevements- contlnued Poslt5ve Relatlonshlps: Identifying manipulation and coercion. Understandlng Brftlsh Values: Fostering a strong sense of citizenship. Internet Safety. Understanding online grooming and digital risks. Mental Heahh Aw•reness: Building resilience. Exploring Future Goals: Plannlng for a posltive future. By tackling these crucial topics headwon. GSG inspires young people to stay safe, make informed choices and thrive both now and in the future. Outcomes: 97% of participants enjoyed the programme. 93g6 now have a clearer understanding of the risks of radicalisation & exploitation. 95% now think more about thelrfijture goals, 95% have a greater understsnding of mental health. 95% now recognise what a negative relationship looks like. "Iliked all the activities, especially the fun active one5 whereyou fee15UPPOrted with nojudgement andore comfortable to mix with differentpeople. The biggestrisk5 of radicalisation ond exploitation are thatyou can bereallyvulnerable ond be taken advantage of.. As someone with verylowself-esteem thar ieven findif hard ro leave the house. Iys been great to be able to come here andjust enjoy myself... PartlclpanL aged 15, GSG Communlty Partldpant "Fun, informative sessions. Focilitators were both amazing. Girls Support Girls has raised their05pirations, builtconfidence/5elf-e5teem and glven them a better understanding ofmental health. students engaged really well. They toldme they had a good time and thanked me forchoosing them toparticipatel" Hodo Mohamed, Careerfs and Trnnsltlon Officer, Bow School GIRLS SUPPORT GIRLS- HEALTH London Borough of Newham Dates: April/May 2024 Fundlng: Comic Relief Community Fund Total participants: 128 With funding from the Comic Relief Community Fund we prepared, planned, and delivered Girls Support Gir15 to six secondary schools across Newham. Each school received 5 hours of interactive workshops and weengaged a total of128 young women aged 13-16. In addition to building confidence, boosting selfesteem and developing key social skllls. this bespoke programme provldes a safe and engaging spacefor participants to explore a range of vital topics including: Mental health Iwith a focus on anxiety) sleep and nutrition. Positlve body image and self-perception. Respectful relationships. Recognising and responding to sexual harassment. Where to go access further advice and sUPPOrt. The programme encouraged open dialogue, peer sUPPOrt and personal reflection - empowering young women with knowledge and confidence to navigate challenge5 $0 theycan reach their potential. Outcomes: I 00% of participants enjoyed the programme. 9696 have a greater understanding of mental health issues. 96% are able to identifysexual harassment and how to deal with it. 93g6 have a greater ability to recognise negative relationships. 8296 are more confident. Page 6 ..CONTINUED
Chain Reaction Theatre Company Truste•s' Report Icontinu•d) ForThe Year Ended 31 March 2025 Maln Achievements- continued .1 learnt I can help protectmyself from negative relationships andsexual hara55ment by asking forhelp and recogni5ing red flogs in a relationship. I thought today s workshop was entertaining andinclusive. Theymade sure no one wa5 leftoutandthey validatedour feelings while also being able to make the workshop fun." Pupil, aged 13, Lister Community School "I thought todarf5 workshop wo5 amazing... Nat andcici reallyhelpedme get more confidenf and get a better understanding of mental health/bodypositiVity. I feltlike everyone understoodeach other... I can helpprotect myselffrom negative relationships and sexualharassmentby walking away and talking with staff." Pupil, aged 14, Harris Academy Chobham Acr up London Borough of Newham Dates: April 2024- March 2025 . ACT= Total participants: 130 In 2024. Chain Reaction was commissioned to deliver ACT UP, an innovative, drama-based programme developed in partnership with the London Borough of Newham. As part of the Department for Education's SAFE (Support, Attain, Fulfil, Exceedl initiative, ACTUP uses participatory drama to explore key issues around safety, youth violence, future goals and emotional wellbeing. Using dynamic and creative theatre practices, ACTUP engages young people aged 13-16 in a powerful journey of personal growth - supporting them to engage with education, build key social and emotional skills and gain clarity on theirfuture aspirations. By mentoring and inspiring participants through drama, ACTUP supports them to Attend school regularly, so they can Fulfil their potential and feel empowered to Exceed their own expectations. This exciting new l l-week project represents a bold and creative approach in using the arts to empower students with the tools they need to navigate challenges, build confidence and resilience so they can thrive both in and out of the classroom. This year we delivered the programme six times, working with 130 young people across six Newham schools. Outcomes: 10096 have a greater understanding of the consequences of youth violence. 900h have thought more abouttheirfuture goals. 100% learnt new communlcation and social skills. 94% feel better about themselves. IO0% of participants enjoyed the programme. e workshop has boosfedstudents'confidence, self-esteem andcommunlcatlon skllls, encouroglng greaterself-expresslon and teomwork. These improvements willpositively impact both their academic andpersonallives. The students respondedenthusiastically to ACTUP, Showing high levels of engagement and creotivity throughout the sessions. They embraced the interactive elements, and many expressedenjoymenrln rhe collaboratlve andperfom?ance aspecrs of rhe workshop. We have seen notlceoble improvements In engagementand attendonce foro number ofchildren.. JIM Klngp AssSstant Prlnc5pal, Langdon Academy .1 enjoyed working os a team andputting everyone 5 ideas together to make a masterpiece. Ilearnt communication skills and this made me feel betteraboutmy confidence. The biggest risks ofyouth crime are going tojoil andcriminalrecords preventingyou from a good future. Iporticulorlyenjoyed being with myfriends and makingsma115cenarios/acting.° Pupll. aged 13. Sarah Bonnell Sthool "Iloved it. And I'm going to miss themf . lenjoyed the teachings, the way[Cici andEllenJ havepotience with everyone. Theyin general justaresoprofessional. I learntno matter whar always be confidentond not to let anyone decldeyourpoth andhowyou att. The biggestrisks ofyouth crime are getting killed and105ing importontpeople as time can'tbe taken back. Ipersonally think theylCRJ are amazing, and they know how to treatpeople with so much respert.. ParticipanL Langdon Academy Page 7
Chain Reaction Theatre Company Trustees, Report Icontinued) ForThe Year Ended 31 March 2025 GOI DRAMA London Boroughs of Newham, Tower Hamlets and Barking & Dagenham Funding: Go! London rnie Mayorof London. London Marathon Foundation and Sport England) Area: London Boroughs of Newhatn,Tower Hamlets and Barking and Dagenham Total Participants: 18 young people aa! PRAMA The Go! London grant enabled us to deliver a free. high-impact 3-day creative holiday programme- GolDrama for young people aged 17-18 across Newham and Tower Hamlets. Designed to improve wellbeing, the programme raises awareness of regular physical activity and healthy eating whilst also building essential employability skills through engaging, creative activities. 18 young people attended the free half-term programme, staying active through physical drama exercises. games and daily canal walks. Fun, engaging activities like trampolining and high-energy sessions with physical theatre practitioner Mattwells encouraged creative movement. The programme allowed participants see exercise not as a chore, but as an enjoyable way to boost wellbeing. We facilitated fun. drama-based activitie5 exploring exercise. nutrition and the ri5k5 of junk food. Participants created fun scenes with "Exercise Man. using key facts to highlight the benefits of staying active and designed livelyadverts promoting healthy eating. Each day, we provided nutritious home-cooked lunches. creating space to eat, socialise and reflect together. The project delivered strong outcomes and proved an effective referral route to Chain Reaction Youth Theatre. Young people who enjoyed GolDrama and built friendships now regularly attend our weekly issue-based drama sessions. The Gol London grant also supported capacity-building through a three4ay accredited Level 3 Mentoring Training cornpleted by our staff in January. This significantly improved our ability to offer tailored, meaningful sUPPOrt by providing practical tools and deepening our understanding of effective mentoring practices. Outcomes: I 001% of participants enjoyed the programme. I Oookn learnt the importance of physical well-being. IOOWO learnt aboutthe importance of regular exercise. ioog6 learnt newthings about healthy eating and nutrition. 100% learnt key employability skills. °Iloved it. it was o fun amazingexperience. would love to do it agaln. l enjoyed the experience of working wlth dlfferenrpeople and leaming new fun skills. I can improvemyphysical well-being by exercising more forexample running, swimming orony other fun sport. I learnt thatsugar can be Gs addictive as cocaine. The employabilityskills I hove learnt are articulation and teamwork.. Particlpant. aged 12 "l enjoyed meeting newpeople and learning employability5ki115 that will take me fvrther in life. I can improve myphysical well-being by staying octive and exercising for 30 minutes o day, 5 days a week. I leamt thatbeing reliable, re5pon5ible and using myinitiatNe are all crucialin a workplL7ce. I'm so grateful foreverything I hovelearnt. Thankyou all." Participant, aged 15 Financial Review Financlal Position The results of the charityforthe year are shown in the annual financial statements. The Charity had a total income of £244,555 and a direct charitable expenditure of £222,777.Totsl fund balances carried forward were £136,8(X). Reserves Policy Given the nature of Chain Reaction's worl the level of free reserves should ensure we have sufficient working capital to cover costs i.e. staff redundancie5 and closure costs at any one time and allow the charity to cope and respond to unforeseen emergencles whilst specific action plans are implemented. The Charity aims to hold 3 months, running costs asfree reserves at any one time. Amount of reserves held The unrestricted fund5 include a General Reserve carried forward of £103,028 and restricted funds of £33,772. The Board of DirectorsThrustees consider this level of general reserves as sufficient but will still use strategies to ensure this level of reserves remalns strong In the nextfinancial year. Page 8
Chain Reaction Theatre Company Trust•es' Report (continued) ForThe Year Ended 31 March 2025 Strurture. Governance and Management Govern5ng Document Chain Reaction is registered as a charity and company and governed by Its Memorandum and Articles of Association and acts entirely as a non-profit making organisation. Chain Reaction is a registered charity and a company limited by guarantee. Trustee Selection Methods In accordance with the governing document. elections for the Directors take place every year at the Annual General Meeting: if eligible outgoing Directors may offer themselves for r+election. Appointment is on the basis of nominations received from Board Members concerning eligibility. personal competence, specialist 5ki115 and local availability. Directors and Trustees areformally recruited and inducted through training days and through informal and formal meetings with established or outgoing Directors. Each 15 provided with an induction pack and other relevant materials to familiarise themselves with the Charity's operation5. Statement of Trustees. Responslbllltles The trustees (who are also the directors of Chain Reaction Theatre Company for the purposes of company lawl are responslble for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. Company law requires the trustees to prepare financial Statements for each financial year. Under company law the trustees must not approve thefinancial statement unless they are satisfied that they give a true and fairview of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expendlture, of the charitable companyforthat period. In preparing thefinancial statements the trustee5 are required to: selecr sultable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgments and accounting estimates that are reasonable and prudent; and prepare the financlal statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable companyand to enablethem to ensurethattheaccounts comply with the Companies Act2006. Theyare a150 re5pon5iblefor safeguarding the assetsofthe companyand hencefortaking reasonable stepsforthe prevention and detection of fraud and other irregularities. The trustees are responsible forthe maintenance and integrity of the corporate and financial information included on the charitable compan5 website. Legislation in the United Kingdom governing the preparation and di55emination of financial statements may differ from legislatlon In otherjurisdictions. Small Company Rules This report has been prepared In accordance wlth the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The trustees, report s approved by the board of trustees and signed on its behalf by. Mrs N Leach Trustee Date O£ii Page 9
Chain Reaction Theatre Company Independent Examlner's Reportto theTrustees of Chain Reaction Theatre Company ForTheYear Ended 31 March 2025 I reportto the charity trustees on my examination of the accounts of the Companyfor the year ended 31 March 2025. Responsibilltles and Basls of Report As the charity trustees of the Company {and also its directors for the purposes of company lawl, you are responsible for the preparatlon of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act,?. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for Independent examlnatlon, I report in respect of myexamination of yourcharity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent Examiner'5 Statement I have completed my examination. I confirm that no matters have come to myattention in connection with the examination giving me cause to believe.. accounting record5 were not kept in Tespect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records", or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act otherthan any requirement that the account5 give a 'tTue and fairview, which is not a matter considered as part of an independent examination; or the accounts have not been prepared Sn accordance wlth the methods and princlples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should bedrawn in this report in order to enable a proper Lbnder5tanding of the accounts to be reached. Daniel Payne F Date BeresFords Chartered Certified Accountants 1-2 Rhodium Point Spindle Close Hawkinge, Folkestone Kent cr18 7TQ CA Pogelo
Chain Reaction Theatre Company Statement of Financial ActivSties (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Restricted funds funds Total funds Total funds Notes INCOMEAND ENDOWMENTS FROM: Donations and legacies Charitable activities: Chain Reaction Theatre Company Investments 27.000 199,507 226.507 161.581 5,325 5.325 10.514 786 742 Other 11,937 11,937 9,791 45,048 199,507 244,555 182.628 EXPENDITURE ON.. Charitable activities.. Chain Reaction Theatre Company 19,2931 1213,4841 (222,7771 1180,406) NET INCOME 35,753 113,975) 21,778 2,222 NET MOVEMENT IN FUNDS 35,753 113,9751 21.778 2,222 RECONCILIATION OF FUNDS: Total fiJnds brought forward 67,275 47,747 115,022 112,800 TOTAL FUNDS CARRIED FORWARD 18 103,028 33,772 136,800 115.022 The notes on pages 14 to 20 form part of these financial statements. Page11
Chain Reaction Theatre Company Comparative Statement of Financial Activities (including Income and Expenditure Account) ForThe Year Ended 31 March 2025 2024 Unrestricted Restrlcted funds funds Total fund5 Notes INCOMEAND ENDOWMENTS FROM: Donatlons and legacles Charitable activities: Chaln Reaction Theatre Company Investments 27,520 134,061 161,581 10514 742 10,514 742 Other 9,791 9,791 48,567 134,061 182,628 EXPENDITURE ON: Charitable activities,. Chain Reaction Theatre Company (69,9791 (110,427) (180,406) INCOME 121,4121 23,634 2,222 NET MOVEMENT IN FUNDS 121.4121 23,634 2,222 RECONCILIATION OF FUNDS: Total funds brou9ht forward 88,687 24,113 112,800 TOTAL FUNDS CARRIED FORWARD 18 67,275 47,747 115.022 The notes on pages 14 to 20 form part of these financial statements. Page 12
Chaln Reactlon Theatre Company Balance Sheet As At 31 March 2025 2025 2024 Unrestricted Restrlrted funds funds Total funds Total funds Notes FIXED ASSETS Tangible Assets 13 883 883 1.143 883 883 1,143 CURRENT ASSETS Debtor5 Cash at bank and in hand 14 871 12,668 21,103 13.539 130,323 665 109.220 117.505 110,091 33,771 143,862 118,170 Creditors: Amounts Falling Due Wlthln One Year 15 17,946) 17,945) (4,291) NET CURRENT ASSETS (LIABILITIES) 102.145 33,772 135.917 113,879 TOTAL ASSETS LESS CURRENT LIABILITIES 103.028 33,772 136.800 115,022 NET ASSETS 103,028 33,772 136,800 115,022 FUNDS OF THE CHARITY Restricted Funds 33,772 103,028 47,747 67,275 Unrestricted Funds TOTAL FUNDS 18 136,800 115,022 For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companles Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board Mrs N Leach Trustee Date The note5 on pages 14 to 20 form part of these financial statements. Page 13
Chaln Reactlon Theatre Company Notes to the Flnanclal Statements For Theyear Ended 31 March 2025 1. General Information Chain Reaction Theatre Company is a company limited by guarantee, incorporated in England & Wales, registered number 05516471 and reglstered charlty number l 112701.The registered office is Millers House, Three Mill Lane. London. E3 3DU. 2. A£count5ng Polldes 2.1. Basls of Preparatlon of Flnanclal Statements The flnanclal statements have been prepared in accordance with the Charities SORP IFRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). Financial Reporting Standard 102"The Financial Reporting Standard applicable in the UKand Republic of Ireland" and theCompanie5 Art 2006. The charltable company is a Public Benefit Entity as defined by FRS 102. 2.2. Golng Concern Di5c105ure The trustees have not identifled any materlal uncertalntles related to events or conditions that may cast signlflcant doubt about the charitable company's abilityto continue as a going concem. 2.3. Incomlng Resources All income is recognised once the charity has entitlement to the income, it 15 probable that the income will be received and the amount of the income receivable can be measured reliably. Donations and Legacles Donations are recognlsed when the charlty has been notified In writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully meL or the fulfilment of those condltions Is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants Recelvable Grants are recognised when the charity has an entitlement to thefund5 and any condition5 linked to the grant5 have been met. Where performance conditions are attached to the grant and are yetto be met. the income is recognised as a liability and included on the balance sheet as deferred income to be released. 2.4. Resources Expended All expenditure is recognised once there is a legal or constructive obligation to that expendlture. It Is probable settlement Is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate Similar cost5 to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basls of tlme spenL and depreciation charges allocated on the portion of the asset'5 use. Other support costs are allocated based on the spread of Staff costs. Charltable Activltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. 2.5. Tanglble Flxed Assets and Deprec5atlon Tangible fixed assets are measured at cost les5 accumulated depreciation and any accumulated impairment 1055es. Depreciation is provided at rates calculated to write off the c05t of the fixed assets, le5$ their estimated residual value, over their expected useful lives on the following bases: Computer Equlpment 5 years straight line 2.6. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and deposit5 held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 2.7. Taxatlon The charity is exempt from tax as all ils income is charitsble and applied for charitable purposes. Page 14
Chain Reaction Theatre Company Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2. Penslons The charitable company operates a defined pension contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. 2.9. Govemment Grnnt Government grants are recognised in the statement of financial activities in an appropriate manner that matches them with the expenditure toward5 which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the statement of financial activities. Grants towards general activities of the entity over a specific period are recognised in the statement of financial activities over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the Statement of financial activitie5 over the useful life of the asset concemed. All grants in the statement of financial activities are recognised when all conditions for receipt have been complied with. 3. Income from Donations and Legacies 2025 Unrestrirted Restrirted funds funds Total funds Donations and gifts Grants 27,000 199,507 226507 27,000 199507 226,507 2024 Unrestricted Restricted funds nds Total funds Donations and gifts Grants 20 20 27,500 134,061 161,561 27,520 134,061 161,581 4. Investment Income 2025 2024 UnrestrScted Unrestricted funds funds Bank interest receivable 786 742 5. Other Income 2025 2024 Unre5tri(ted funds Unrestricted funds Theatre tax relief refunds 11,937 9,791 Pagels
Chain Reartion Theatye Company Notes to the Financial Statements (continued) ForThe Year Ended 31 March 2025 Govemment Grants Government grants recognised in the accounts were a5 follows: 2025 2024 London Borough of Tower Hamlets London Borough of Barking and Dagenham London Borough of Newham London Borough of Hackney 38,004 38.863 16,835 20.000 9A61 112,481 150,485 85,159 7. Net IncomellExpendlturel The net income Is stated after charging/(crediting)'. 2025 2024 Depreciation of tangible fixed assets - owned 260 118 . Analysis of Expenditure 2025 Actlvltles undertaken dlrectly Support costs (see note 9) Totsl Chain Reaction Theatre Company 94,073 128,704 222,777 2024 Activitie5 undertaken dlrectly Support costs (see note 91 Total Chain Reaction Theatre Company 56,176 124,230 180,406 9. Support Costs 2025 CRTC Employee costs Premises expenses General administration 97,229 10,801 18,902 260 Depreciation Governance cost5 1512 128,704 Page 16
Chain Reaction Theatre Company Notes to the Financial Statements (Continued) ForTheYear Ended 31 March 2025 2024 CRTC Employ& costs Premises expenses General administration Depreciation Governance costs 98A06 10.518 13,748 118 1.440 124,230 10. Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 1,512 11.Stsff Costs Staff costs were as follows: 2025 2024 Wages and salaries social secuTity C05t5 Other pension costs 101.311 5,176 4,967 81,536 8,717 5,155 111,454 95,408 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 12. Average Number of Employees Average number of employees during the year wa5: 412024: 3) 13. Tanglble Assets Computer Equipment Cost As at l Aprll 2024 1,298 As at 31 March 2025 1,298 Depreclatlon As at l April 2024 Provlded during the period 155 260 As at 31 March 2025 415 Net Book Value As at 31 March 2025 As at l April 2024 883 1,143 Page17
Chain Reaction Theatre Company Notss to the Financial Statements (continued) ForThe Year Ended 31 March 2025 14. Debtors 2025 2024 Due wlthln one year Trade debtors Other debtors 12,668 871 665 13,539 665 15. Creditors: Amounts Falling Due Within One Year 2025 2024 Other loans Taxation and social security Accruals and deferred income 150 2.652 5,293 2.263 1,878 7,945 4,291 16. Deferred Income Deferred income movements in the year were a5 follows: 2025 2024 Balance at the start of the period Income deferred in the current period 3,044 Balance at the end of the period 3,044 17. Penslon Commitments The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independentlyadministered fund. During the year the char9e to the statement of financial activities in respect of defined contribution schemes was £4.96712024: £5,155). Atthe balance sheet date contributions of £NIL were due to thefund and are included in creditor Page18
Chain Reactlon Theatre Company Notes to the Financial Statements (continued) ForThe Year Ended 31 March 2025 18. Movement In Funds As at 1 April 2024 Asat31 Expenditure March 2025 Income Unrestricted funds General: General unrestricted fund Restricted funds BBC Children in Need 67.275 45,048 (9,2951 103.028 7,502 9.626 12,000 i 0,000 8,619 23,946 125,461) 19,626) 112,000) 1122,481) 19,5781 125,336) 5,987 Awards 4 All London Borough of Barking and Dagenham London Borough of Newham Groundwork UK London Borough of Tower Hamlet5 D'oyly Carte Charitable Trust Go London 112,481 959 38,004 5,993 18,124 12,668 5.993 9,124 19,000) Total re5trirted funds 47.747 199,507 1213,482) 33,772 Total funds 115,022 244,555 1222,777) 136,800 As at 1 Aprll 2023 Asat31 Expend5ture March 2024 Income Unrestricted fvnds General- General unrestricted fund Restrirted fvnds The Essex Youth Trust 88,687 48.567 169,979) 67,275 4,500 4,995 4,992 9,626 14,500) (4,995) (9.984) (9.626) (1) (328) (4,8351 (i 0,000) The Red Hill Trust L & Q Place Makers National Lotterycommunity Fund BBC Children in Need Awards 4 All 4,992 7,503 9.954 16,835 20.000 8,619 38,863 3,500 9,991 343 7.502 9.626 12.000 10.000 8,619 London Borough of Barking and Dagenham London Borough of Newham Groundwork UK London Borough of Tower Hamlets D'oyly Carte Charitable Trust Shaftesbury Young Peoples Trust Rank Foundation 138,863) 13,5001 19,9911 13431 CONMNUED Page 19
Chain Reactlon Theatre Company Notes to the Financial Statements Icontinuedl For Theyear Ended 31 March 2025 Vinters London Borough of Hackney 4,000 9,461 14.000) 19,4611 Total restricted funds 24.113 134,061 (110.427) 47,747 Total funds 112.800 182,628 1180A061 115,022 19. Transartions with Trustees None of the trustees recelved any remuneration or any other benefitsfrom an employment with the charity or a related entty during the current or previous year. No trustee expenses have been incurred. 20. Related Party Disclosure5 Mr S Eves, a trustee of the charity. was paid £2,000 during the year for freelance work The payments were agreed by the tK)ard of trustee5. 21. Company limited by guarantee The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a wlnding up, such an amount as may be required not exceeding £10. Page 20