e 1ke&tre Skea
Our door is always open
The Theatre Shed Limited
Company Re8lStration Number 05657857
UK Charity Commlsslon Reglstration Number 1114231
Annual Report and Accounts
Year ended 31st August 2024
wiiiw,fcicebofTrk. r r)Irii'ih(:tIIL<il i esli,..doliLJshaiii

The Theatre Shed Limited
D1￿CtOrS, Report
Year ended 31 August 2024
CONTENTS
REFERENCE AND ADMINISTRATION INFORMATION...................... .
DIRECTORS. .
STRUCTURE AND GOVERNANCE...........................
RISK MANAGEMENT..............
BACKGROUND AND YEAR IN REVIEW..................................... . .
ARTISTIC REVIEW................................................................................................ .. .
ComponyRestrurture...,................. ............................................,......................
Produrtlons................................. . .
Outreoch.......,....,...........,......................,..,............,....... ...
SummerSd7eme.... .........................................,..............,........,........ ......... ..
Garden Shed..... ....................,...................,....................,..................,...... ......
CHALIENGES AND OPPORTIJNITIES................................................................. . . ..
FINANCIAL REVIEW...................................................
Fundlng....,...,..,...,........,,..,..,........,..,.......................,,................. . .. .
Futurestrateqy,..,..,,..,,....,,.........,....,.....,.........,.....,............,.....,...,,......,.............. .... ...
Short-term Str(rteqy... .....
Medlum-temi Strateqy..............................,....,......,...............,....,..,,............................. ......
Lonq-term Strategy.........
STATEMENT OF DIREcfoRS' RESPONSIBIUTIES...
REPORT TO THE TRUSTEES AND DIREcfoRS OF THE THEATRE SHED UMITED IN RESPEcf OF THE ACCOUNTS FOR THE
YEAR ENDED 31 AUGUST 2024............................. . ........................ ......................... . ...................................................11
Responsibilities ond basls of report............. ..
Independent Exam1ner￿ stotement.....
.11
.11
INCOME AND EXPENDITURE ACCOUNT................................................................................................................ ........
.12
BALANCESHEEr.................
.13
FINANaAL DECLARATION......
..14
NOTES FORMING PART OF THE FINANaAL STATEMENTS........................ .................................................... ... ....
.15

The Theatre Shed Limited
Directors, Report
Year ended 31 August 2024
The Directors present their report together with the unaudited financial ststements for the twelve-month
financial period ended 31st Au8USt 2023 (the °Accounting Period.). The Company Is a reglstered Charity and the
Dlrectors have adopted the provisions of the Statement of Recommended Practlce: Accounting and Reporting
by Charities issued In October 2019.
Reference and Admlnlstration Information
Charlty Name:
Charlty Registration Number:
Company Reglstration Number:
The Theatre Shed
1114231
05657857
RegSstered Office:
Unlt 8, Chlltern House
Waterslde
Chesham
Buckinghamshlre
HP5 IPS
Secretary:
Bankers:
A Thorpe
Natwest Bank PIC
Amersham
Dlrectors
The directors in offlce durfn8 the finandal year:
D Cook (Chalr- reslgned 17 Jul 2024)
S Blackman
E Snow
M Rann
E 8oyd-Hall
J Reynolds (reslgned Nov 2023)
l Afzal
L Friedner (Chair- appolnted Au8 2024)
C Davles (appolnted 19th Mar 2024)
A Thorpe
The present Board Comprises dlrectors drawn from a broad section of the communlty wlth experlence In the
performln8 arts, educatlon and commerce. All dlrectors are non*xecutive and recelve no fees or emoluments
other than the reimbursements of expenses. The Dirertors are also Trustees for the purposes of Charity Law.
Structure and Governance
The Company Is Ilmlted by Guarantee and was Incorporated under the Companles Acts on 19th December 2005
as a 'not-for-proflt' charlty to pro￿lde an Incluslve performin8 arts facility for chlldren and youn8 people. The
Company was reglstered as a charlty on 16th May 2006.
The Company Is constltuted under a Memorandum of As50datlon that establlshed the Companvs objerts and
powers and is regulated by Its Artlcles of Assoclatlon. In the event of the Company being wound up the
Members are required to contribute an arnount not exceedSng £10. The Articles, revised In April 2023, now
reflert that directors/trustees are automatically also the Members.

The Theatre Shed Limited
Directors, Report
Year ended 31 August 2024
Rlsk Mana8ement
The Directors have a duty to identify and review the risks to whlch the Company is exposed and to ensure that
approprlate controls are in place to provide reasonable assurance against fraud and error. All relevant policles
are In place, and a full risk review has been undertaken this year and will be conducted annually. Insurance
cover for Employees Liability and Public Liability was renewed and Is in place. Specifically, the Companvs Chlld
Protection & Welfare, Equality & Inclusion, Di8nlty at Work, Health & Safety, DRB, Complaints Procedure,
Recruitment of Ex-offenders, Voluntary Reportlng and Control of DBS Certlflcates were all reviewed durlng the
Accountin8 Perlod. The Company has revlewed Its Data Protectlon policles In Ilne wlth the Data Protection Act
2018 and considers that It is compliant.
Background and Year In Revlew
We encourage all chlldren and young people, re8ardless of any Dlsabillty or dlsadvantsge, to prepare for and
particlpate In Ilve stage performances through a serles of weekly workshops In muslc, drama and dance. An
"Elevatorf statement encapsulating the Companvs actlvltles reads as follows:
'The Theatre Shed is a unlque and Incluslve theatre cornpany where young people from every walk of life,
background and ablllty come together. We use the power of Performln8 Arts to provide young people wlth the
confldence and independence to feel part of soclety, contrlbute to their communltles and live fulfllllng and
dignified Ilve5,°
The Companrfs actlvltles be8an In September 2005 as an outreach project of The Chlckenshed Theatre Trust
Company based In Southgate, London Nl, and were Inltlally undertaken by Chesham Park Communlty College
(the predecessor to Chlltern Hllls Academy) and flnanced through Its performlng arts subsidy. Because of the
uncertalnty that thls source of flnance would be malntained on a lon8-term basls, the College declded to
establlsh a separate legal entlty that could become Independent of the College and Its flnancial support. The
Company was therefore Incorporated wlth the Intentlon that It would become self-flnanclng on a sustalnable
basls by seeklng flnanclal support and sponsorshlp as a re8lstered charlty.
As alwaysi It Is the sklll, enthuslasm and tenaclty of the Artlstlc Tearn whlch Ss the drlvlng force behlnd the
success of The Theatre Shed, For that, the Board offers Its slncere 8ratltude for all thelr efforts and hard work.
The Board Is grateful for the contlThued relatlonshlp wlth the Beacon School In Chesham Bols and the House of
Tree In Ashley Green. Both venues generou51y hosted one evenlng per week of workshops until our move to the
Chlltern Hllls Academy In May 2024. The Board wlshe5 to thank the Beacon School, the House of Tree and
Chlltern Hllls Academy for thelr support durln8 the Ac¢ountln8 Perlod.
' Several changes were made to the Board durlng the flnanclal year. Dave Cook retlred followlng 6 very
successful years of steerlng Shed through COVID and subsequently. The board sends a huge debt of 8ratltude to
Dave for hls successful tenure and for hls contlnued and ongolng support. Laura Frledner (HR Trustee) took
over as Chalr of the board and Joel Reynolds (Dlverslty Trustee) reslgned from the board In order to become a
member of the Artlstlc Team once agaln. Cllff Davles Jolned the board In March 2024, brlnglng with hlm a
wealth of knowledge and experlence of the area, buslness and charlty governance. The board was deeply sad to
announce that Richard Ogden, the volunteer bookkeeper for Theatre Shed for many years, sadly passed away.
The board wlshes to acknowled8e their deepest gratltude to Rlchard for h55 hard work and unfalllng
commltment to Shed over the years. He contlnues to be sadly rnissed.
The board wishes to thank Chiltern House for thelr contlnued support wlth regards to offlce and storage space.
The Company continues to work wlth a membership of 60 chlldren and young people between the ages of 5
and 32.

The Theatre Shed Limited
D1￿CtOrS. Report
Year ended 31 August 2024
ARTISTIC REVIEW
Compony Restrurture
The Artistic Directorfs maternty leave was covered in-house. A new administrator role was temporarily filled by
a mentor on a gap year until a permanent administrator was appointed in January 2024. The Artistic Director
returned part-time, using Keeping-in-Touch days untll April, to oversee the recruitment and lead a restructure:
the Movement and Music specialists became core workshop Creatlve Managers, the Development Manager
took on Outreach, and Trustee Joel Reynolds stepped off the board to become a paid Artlstic Team Assistant.
The Artlstlc Dlrector shifted focus to strategy and Management. The team now conslsts of six paid freelancers.
In May 2024, Wednesday workshops moved to Chlltem Hills Academy ICHA), leadlng an intent to unify all
actlvltles at rr5's founding venue. indudln8 the summer performances.
Mentors
Mentor numbers experlenced the usual drop In Sepvoct as some left for unfverslty. There was a sense of
dlsconnection durlng the periods of change, with some mentors appearlng not fully content, though coheslon
had notlceably Improved by the end of the summer. Later In the academlc year, Youth Support numbers
Increased, wlth some Jolnln8 to fulfll thelr Duke of Edlnburgh Award requlrements. A total of 29 mentors were
Involved, and 12 recelved Flrst Ald certfflcatlon through Proacttve Training, who provlded a 50% course
dlscount. two others, Mary and Holty, were certffied earller in the year. The team faced challenges around
Illness and holldays, and arranglng cover, but retentlon of long-stsndlng mentors remalned strong.
Pmdurtlons
In September 2023, fundlng from Heart of Bucks Young Peoples Wellbelng Fund and MENCAP supported our
full company of members to devlse and perfom a Peter Pon4nsplred pantomlme exploring wellbein& growln8
UP* transltlons and play. Vlsltlng professlonals led wellbelng masterclasses, Includin8 hand massage and
therapeutlc hortlculture, whlch were Integrated lrto the flnal show, with audience partlclpatlon In mlndful
breathlng. The performance was enhanced wtth projectlon, borrowed large set pleces, and donated equlpment.
Workshops groups worked on their own separate productlons durlng these ternis to allow bigger parts and
more stage time for each member, Instilling a greater sense of athievement and self*steem.
Chlldrerfs Theatre created a Short, Imaglnative show Inspired by Horrfble Hlstorles. Durln8 dass, the chlldren
explored hlstorlcal events through a ma8lc book portal that transported them back In tlme, led by thelr own
Ideas and creatlvlty. Performed at the new CHA spao, the short and slmple format supported all members to
feel confldent on stage In thls unfamillar 5ettln8.
Youth TheJtr¥s two groups revlsited thelr lockdown-devised plece 8roinstorm. The project grew in scale due to
membershlp changes and was shaped by the show's deadlines. Productlon costs were kept low due to a lack of
fundralslng durln8 rnaternity cover. Later rehearsals and final performances took place at CH& wlth some
Ilghtin8 challenges. Overrun at tschnical rehearsal led to last mlnute swltching from 2x double bllls to two
separate shows that ultimately ran successfully, wfth strong member ownership of plot and characters.
Company Theatre produced an orf8lnal, immerslve show explorln8 Chesham's rfth hlstory, researched both
onllne and In person using a local history map. The performance was stsged In a pub-style setup at the Whlte
Hlll Centre, wlth tsbles and chairs, Ilve slngln& and snacks served durfng the show, which challenged members
to think about their audlence and the space they were in. MENC4Pfundln8 beneffted the project, allowing
greater creative ambitlon with the production cost.

The Theatre Shed Limited
Directors, Report
Year ended 31 Augusl 2024
Outreach
The totsl reach wa$ 1688 indlvlduals.
Amersham Outreach: With fundlng from the Amersham Communlty Board, we delivered 7 interactive school
assemblles and 4 community workshops wlth Talkback, Community Youth Ventures and Chllterns Lifestyle
Centre. Hlghllghts induded enthusiastlc British Si8n Language partlcipation at Amersham Sthool and young
people recalling slgns from earller sessions.
82% of people Involved in the project said they know more about The Theatre Shed
81fA of people involved In the Project said they understand what incluslon means
Chesham Transltlon: We delivered performln8 arts workshops to 64 Year 2 pupils at Newtown School,
exploring emotions around transitlonln8 to a new school. Thi5 was followed by a 2-day school holiday project
with 23 thildren from Newtown, Elm Tree, and Brushwood schools, hosted at Brushwood to support thelr move
5nto Year 3. Actlvitles focused on building frlendships, confldence, and resilience through creativity. Teachers
reported noticeable improvements In self*steem and positivity compared to previous cohorts and expressed
enthusiasm to repeat the project. Of Indlviduals involved in the project:
100% reported feelln8 better at Ilstenln& collaboratln& and expresslng feelln8S
100% reported feelln8 more prepared and exclted for thelr new sthool
Some partlclpants have slnce Jolned other Theatre Shed actlvitles, Indudln8 holiday projects and Children's
Theatre.
Summer Scheme
In August 2024, we dellvered 3 weeks of school hollday actlvltles for over 100 partlclpants as members and
volunteers. The flrst two weeks, for ages 6-17, were match-funded by the Heart of Bucks and Bucks Councll
Hollday Actfvltles and Food inltlatlve. Held at Whltehlll Centre, they featured collaboratlons wlth CUE 34,
Lehane Rock Sthool, and Cardboard Shed. The thlrd weeK funded by MENCAP and Bally Thoma5, offered adults
{18+) a tallored pro8rarnme at CHA Involvlng a mlx of actlvltles from drama games to theatre tours, careers
talks and outdoor adventure.
Gorden Shed
Thls excltln8 Garden Shed Project phase saw expanslon Into a new plot, wlth Increased 8rowin8 space through
creatlon of a 8ravelled area for a potted garden and new 8round 8rowlng falsed beds. We also Installed a pond
for wlldlrfe. Members selected plants and helped desl8n the 5pa¢e. Oesplte weather-related setbacks, the
season yielded our most varled harvest yeL

The Theatre Shed Limited
Directors. Report
Year ended 31 August 2024
CHALLENGES AND OPPORTUNITIES
The Board contlnues to believe that the Company has over-relied in the past on the assumption of generatlng
Suc￿55fUl grant applications, and that this cannot be relied upon In the future for a varlety of reasons. It needs
to dlverslfy Its Income sour￿$ and, as such, It believes that materlally Increaslng membership must be of
paramount importance - both flnanclally and strategically. Historicallyi subscrSptlon revenues generated
through membershlp have been a relatively small part of overall Income, however, thls flnancial year saw
membershlp subscriptlons grow despite the Inability of some members to pay the full subscrlption and to
bursaries being awarded. The Board Is extremely grateful to the Artistic Team for the focus applied to achleve
thls during such challenging tlmes.
In addltlon, the Board Is clear that, wherever posslble, future grant appllcatlons should defray salary costs
(whith still essentlally make up a sl8nlflcant proportlon of the cost base) and not slmply add to core costs.
As mentioned above, the Companvs partnerships wlth the Chlltern Hills Academy and the Whltehlll Centre
have provided the Board wlth much optlmlsm for the future and many of the lrnmediate benefits of these
relatlonshlps have become apparent durlng the Accountlng Perlod and have been referred to above.
The need for a local corporate flnanclal sponsor remains of Importance to the Company. The Board alms to
source a small to med5um enterprise (SME) based In the South Bucks area to partner with the Company In
return for some secured fundin8 over a perlod of years and thls contlnues to be actively explored.

The Theatre Shed Limited
Directors, Report
Year ended 31 August 2024
FINANCIAL REVIEW
Funding
The 8oard Is disappolnted to report a deficlt of £10,098 for the Accounting Period, compared to a surplus of
£6,871 in the previous year. This was in part due to the rnaternity cover required for the Artistic Dirertor, All￿.
We believe that the significant, continued rlse in the cost￿f-11vln8 continues to impact our donations, and the
artistic and fundralslng teams must be applauded and thanked for their hard work with those funds raised thls
year.
Durlng the Accountlng Perlod, the Company raised £175,424 compared to £152,468 for the prlor year, an
Increase of 15%. Despite holding no large fundraislng event during the year, we received £134,211 from
Grants, Gifts, Fundraislng and Donations compared to £114,538 the previous year. Membership subscrlptlons
during the AccountSng Perlod amounted to £23,880- an Increase of 5% on the prior year.
The Board's general thanks go to all donor5 and Snstltutlons that have supported us over the past year.
Expendlture during the Accounting Perlod amounted to £185,522. Thls 27% Increase on the prevlous year of
£145,597 was due malnly to increased costs needed to generate the Increased income and the Artistlc
Dlrectorfs maternity cover.
The Board have looked to malntain the level of lunds In the bank account to cover 9 months of future
expendlture so that we can ensure that we are able to fund the provision of the key services that we are
delivering In a tlme where future income has been dlfficult to forecast wlth any certalnty. At the end of the
Accountlng Perlod, there was a cash balance of £92,558 {compared wlth £125,452 at the end of the prevlous
Accountlng Perlodl, whlch covers only 6.S months of future expendlture. Therefore, the Board understands that
the comlng year wlll need to f¢xus on growlng reserves. All efforts continue to be focused on generating as
much revenue as reallstlcally posslble land curtalllng costs where requlred).
Future Strateqy
As alway5, the Boarcvs short and medlurn-terni objertlves are driven by the contlnued challenglng tlmes
(notsbly the ongolng cost4>f-Ilvln8 crlsls). Wlth respect to the Companvs flnanaal posftlon, the Board have
looked to strengthen the flnanclal stsblllty of the Company 50 that It Is able to have confldence to dellver
crltlcal servlces to those most In need durlng these exceedlngly dlfflcult tlmes. In the longer term, the Board
remalns commltted to establlshlng the Company as a unique performlng art5 destination wlthin the
Bucks/Berk51Herts area and to materially Increase membership by doing so.
Short-tem? Strateqy
As In prevlous years, the Board's Immedlate prlorfty Is to generate enough Income to enable It to contlnue
operatlng for (at least) the 2025-26 Academic year. As noted above, membership recrultment is of paramount
Importance and Is now established as the key objectlve for the Board, hopefully uslng our outreach partners
and other student bases as a platfonn for thls. As always, the 8oard wlll contlnue to monltor all expendlture
and operating costs very closely during the forthcomin8 year.

The Theatre Shed Limited
Directors, Report
Year ended 31 August 2024
Medium-term Strategy
The Board is focused on 4 maln objertives..
al Dlversifying the Companvs income from as many different sources as possible so it is not over-rellant
on Trust Grant awards. Key to this is the establishment of long-terni partnerships, sponsorship and
afflllate relatlonships with third partles (see above)
b) Continuln8 to integrate the Cornpany Into the local community, which should reap a number of
benefits, Including increased membershlp, Increased medla profile and increased interest from local
mpanies
c) Continulng to accelerate the Q)rnpanVs Outreach programme into local schools, ￿MpanIeS and other
Instltutlons {see above)
d) Increaslng Membershlp back to 2010 levels of ILK)+
Long-term Strategy
As has been noted In previous Directors, Reports, the Company and Its Board remaln committed to achlevlng
the Strateglc alms set In 2008," namely to
al Malntsln the best Chlldren's, Youth and Q>mpany Theatre, whlle Increaslng Its cohort and multl-ethnlc
mlx
b) E5tsbllsh the Company as a centre of excellence for Incluslve theatre tralnlng wlthln the
Bucks/Berks/Herts area and have a successful tourlng programme In place throughout thls area
c) Secure long-term fundln8 to provlde securfty for the Company, Its staff and members
d) Achleve local, natlonal and Internatlonal recognltlon as an arts organlsatlon

The Theatre Shed Limited
Directors, Report
Year ended 31 August 2024
ststement of Directors, Responsibilities
The directors are responsible for preparing their report and flnancial statements in accordance with applicable
law and regulations.
Company law requires the directors to prepare financlal statements for each financial period that give a true
and fair view of the Company as at the Balance Sheet date and of its incoming resources and application of
resources, Including income and expenditure, for the financlal period.
In preparing these flnancial statements, the Directors are required to:
select sultable accounting pollcles and then apply them consistently.
make Judgments and estlmates that are reasonable and prudent.
prepare the flnancial statements on the going concern basis unless it is inappropriate to presume
that the Company will continue on that basis.
The Dlrectors are responsible for keeplng proper accountlng records that disclose with reasonable accuracy at
any time the financlal position of the Company and enable them to ensure that its financial statements comply
with the Companles Act 2006. They have a general responsibillty for taking such steps as are reasonably open to
them to safeguard the assets of the Company and to prevent and detect fraud and other Irregularitles.
The financlal statements have been prepared In accordance wlth the Statement of Recommended Practice:
Accounting and Reporting by Charltles issued in October 2019, and in accordance wlth the provislons of the
Companies Act 2006, insofar as they are applicable to the Company.
th
Approved by the Board of Trustees on 29 June 2025 and slgned on Its behalf by".
Laura Friedner
Chair of the Board of Trustees
10

The Theatre Shed Limited
Directors, Report
Year ended 31 August 2024
Report to the Trustees and Dlrectors of The Theatre Shed Llmlted In respert of the
accounts for the year ended 31 Au8USt 2024
Responslbllitles and basls OA report
As the charStVs trustees of the Company (who are also the dlrertors of the Company for the purposes of
company law)1 you are responsible forthe preparatlon of the accounts in accordan¢e with the requirements of
the Companles Act 2006 {'the 2006 Act,).
Havln8 satlsfled myself that the accounts of the Company are not requlred to be audlted for thls year under
Part 16 of the 2006 Act and are ellglble for Independent examlnatlon, I report In respect of my examlnatlon of
vour Charltvs accounts as carrled out under sectlon 145 of the Charltles Act 2011 ('the 2011 Act"). In carrylng
out my examlnatlon, I have followed the appllcable Dlrectlons 8iven by the Charlty Commlssion under sectlon
145(5}(b) of the 2011 Act.
Independent Examlner's stotement
I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentlon whlch glves
me cause to belleve that:
ac¢ountln8 records were not kept In accordance wlth sectlon 386 of the Companles Act 2006. or
the accounts do not accord wlth such records; or
the accounts do not comply wlth relevant accountln8 requlrements under sectlon 396 of the
Companles Act 2006 other than any requlrement that the accounts glve a 'true and falrf vlew whlch Is
not a matter consldered as part of an Independent examlnatlon or
the accounts have not been prepared In accordance wlth the tharltles SORP {FRS102)
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whld)
attentlon should be drawn In thls report In order to enable a proper understandlng of the a¢wunts to be
reached,
Nancy Dickinson (Jun 29, 2025 19.'20 GMT+21
Nancy Dlcklnson, AICB
3 Berks Hlll
Chorleywood
WD3 SAG
th
Date: 29 June 2025
11

The Theatre Shed Limited
Year ended 37 August 2024
Income and Expenditure Account
R•rtrkt•d Total
Funds 2Q24 FuThts 2024
2024
Total
2023
Incomlni Resources
Mernbershlp Subscriptions
Grants
Donatlons
Fundraising
Gala Event
Productions & Festivals
Courses & Outreach
Garden Shed
Merchandise
Interest
23,880
I￿,885
18,629
2,696
22,727
68,323
15,465
4,145
26,605
5,702
8,035
L145
299
22
1125
111760
1696
6,728
9,394
920
103
189
9,394
920
103
189
111.7
175,424
1468
R•sources Expendad
Fees- Arthtlc Team
Fees- All other
Rental of premlses
Insurance
Productlons & Festlvals
Courses & Outreach
Gala & Fundralslni
Garden Shed
Stsff Tralnlng
Merchandlse
General Expenses
DepreclatSon
74,381
107,565
M,201
9,360
77,786
37,986
4,828
1,216
1,938
4,382
9,429
3,032
433
1,601
2,104
863
,513
261
1503
4,334
1150
2,653
5,328
49
352
7,109
232
79
5,955
938
1340
n.762
111,76Q
185.512
145,597
Surplus l (Defi¢ttl
I￿,098)
6,871
12

The Theatre Shed Limited
Year ended 31 August 2024
Balance Sheet
2024
2024
2023
TANGIBLE ASSErs
Theatrelcomputerloffice Equlpment
Net Book Value brought
forward
Additions In the year lat costl
Less Depreclation In the year
Rental deposlt- transfer to
Current Assets
L257
2,120
2,328
11,3401
18631
Net Book Value carrled forward
1245
1757
CURRENT ASSETS
Debtors & Prepayments
Current Accounts
Deposlt A¢￿Unt
5,953
92,502
56
125,397
55
94511
128,858
100.756
131,615
CURRENT UABIUTIES
Credltors falllng due withln one year
Income In Advance (Restrirted)
11,2091
15S,1531
11,444)
175,679)
156,362)
177,123)
NEf ASSETS
44394
54492
Represented by:
FUNDS OF THE CHARITY
Balances brought forward
54,492
47,621
SurplusllDéficitl for the year
(10,098)
6,871
TOTAL FUNDS
44,394
54,492
13

The Theatre Shed Limited
Year ended 31 August 2024
Flnanclal Declaratlon
For the flnandal year ended 31 Au8USt 2024 the Company was entftled to exemption under settlon 477 of the
Companles Act 2006 relatlng to small companles. No members have requlred the Company to obtain an audit
of its accounts for the year ended 31 August 2024 In accordance wlth section 476 of the Companies Act 2006.
The dlrectors acknowledge thelr responslbility for complylng wlth the requirements of the Act with respect to
accountlng records and for the preparatlon of accounts.
These accounts have been prepared In accordance wlth the provisions applicable to companles subject to the
small companies, regime.
The finanaal statements were approved by the Board on 29 June 2025 and slgned on its behalf by:
Laura Frledner
Chalr of the Board of Trustees
Andrea Thorpe
Flnance Trustee & Company Secretsry
14

The Theatre Shed Limited
Year ended 31 August 2024
Notes Forming Part of the Financial Statements
Accountlng Polldes
The principal accountlng pollcles are sumrnarlsed below. The accountlng pollcles have been applled consistently
throughout the year.
al Basis of Accountlng
The Flnanclal Statements have been prepared under the historical cost convention and in accordance
wlth the Financial Reporting Standard5 for Smaller Companies leffective January 20071 and the
Statement of Recommended Prartlce: Accounting and Reporting by Charities Issued In October 2019.
b) Incomlng Resources
All incomlng resour￿ are Induded when the Company Is entltled to the Income.
c) Resources Expended
Llabilltles are recognlsed on an accruals basls when they are incurred and Include VAT whlch cannot be
recovered, and whlch is reported as part of the expendlture to whlch It relates.
Recelpts from Pertorniances
This represents the proceeds from tkket sales from performances produced durlng the perlod less
related costs suth as venue hire, the cost of any scenerylprops/ll8htln& advertlsln& the printlng of
programrnes et¢ wlth the assoclated expenses shown below.
Artlstlc / Admln Foes
These reflect the hours requlred for the Artistlc and Admln teams to run workshops In the financlal
year plus addltlonal Show and Festlval dates.
Productlon Expens•s
Thls represents the expendlture requlred to runnln8 performances such as venue hlre, the cost of
any scenery/propsnlghtln& advertlsin& the prlntlng of programmes etc.
Depr•d•tlon Expenses
Flxed assets are added at cost and depreclated on a stralght-llne basls over the expected useful life
of the assets, whlch for theatre and offlce equlpment Is.24 years.
Debtor5, Prep•yments & Credftors
The year ended wlth a small debt for an outreach workshop, accruals for Summer Scheme and
outreach payments to the Artlstlc Team.
Income In Advance
Grant monies and other Income (e.8. Outreath receipts) that were Intended for use post-Au8ust 23
were carrled forward to the next financlal year.
Dlrectors
No dlrectors recelved any remuneratlon durin8 the year and no dlrector had any personal Interest
In any contrart or transactlon entered Into by the Companv.
Taxatlon
The Cornpany Is exempt from tax on income and 8alns falllng withln sectlon 505 of the Taxe5 Art
1988 or section 256 of the Taxatlon of Chargeable Galns Act 1992 to the extent that these are
applied to Its Charltable objerts.
15