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|---|---|---|---|---|---|
|Reference and Administrative|Details|||||
|Trustees'<br>Report|||||2-22|
|Auditors'<br>Report|||||23-25|
|Statement<br>of Financial Activities||(including|Income and Expenditure|Account)|26 —32|
|Balance Sheet|||||33|
|Cash Flow Statement||||||
|Notes to the Financial Statements|||||35-46|





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Independent Audllorg. Report to the Members ot JBd(son's Lane
lrregularrtl￿. including Iiatjd, are Instan￿ of non-eompliance wth laws and regulatfons. We design
pro¢e¢Sures in line with our responsibilities. Outlin￿ above. lo delect material tnisstalements in respect ol
iriegularities. including fraud. The extent lo which our pmcedures ale capable ol delacting iirègLTrlarf(ies,
includino fraud is detailed below..
Discussions wtlh and enquifies of Ynanagernent and those charged wlth governance were held a view trj
idenb.lwng Ihose laws and regulations Ihal could be expected lo have a material impact on the financial
slatefflents. Ouring the engagement team briefing. thè Ixjleomes of these (fiscussions and enquiries we
sliared witli the l&am. as well as consid8ration as lo where arKI how fraud rnay occur in the enlity.
Because of the Inherent limrtalions of an audif. there is a iisk that we will not detect all i¥rggulariti6s,
Includlng thos8 leading io a material misstatement in the financial stat8rn8nts or non-eompliance wEth
rsgulalion. This risk increases the more thal compliance with a law or regulation is removed from Ihe
overrts and transactions ref￿Cted in Ihe financial stalemcnts. as we wll be less Ilkely lo become aware ol
instances ol non<ompliance. Tho risk is also gr¢algr rggarrfing irregvlafilies occurring lo Iraud fathèr
than error. as fraud involves intentional concealment, forgery, collusion, ¢)mission or misrepr&sentalion.
A further description ol
OIJT
resporEsibil"rtses
available
the FAC'S wèbsite at".
https..Ilwww.fr¢.org.uklaLtditorsla￿￿-aSs￿ranCeIaUdb1or-S-reSponSIbilitIes-for-th￿-audlI-Of-the-f￿deSCfiP￿lon-oI-
e-audil0ff/.W￿O°fi9gS-reSpO￿5ibl￿ltieS-I0[. This description lomis part ol our auditor's reporl.
Use of our report
This report is made solely to the charEtable company's members, as a tKxty, in acoordance with Chapter 3 01
Part 16 ol the Compantes kl 2006. Our audil work has beèn und8rtaken so that we might state to the
charitable compafils members those matters we are required to slate to Ihcm in an auditorfs report an¢ lor
no other p￿r￿>se. To the lullesl extent permilled by law, we do nol accept Df assLSme res￿nSibIlitY lo
anyone other than the charilatjp Company the charitable Company's members as a body, for our aL￿rt
work, for this report, OT for the opinions we haye formed.
Mr Graham Betry FCCA (Senlor Stslutory A￿dItOr)
For and on behaH of Breckman & Company Ltd
ststulory Audltor
Chartered CertElled knountant$
49 South Mollon Streel
London W1K 5LH
6 D&¢èmb8r 2022
25

## 

||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|
|Income from|donations||and|legacies||||||
|Oonations||||||||||
|Donations||||28,003|||10,598|||
|Donated facilities||||19,840|||78,818|||
|||||||47,843|||89,416|
|Grants||||||||||
|COVID-19 emergency||funding||||||||
|ACE - Emergency<br>Response||||Fund|||119,000|||
|ACE<br>—Culture|Recovery||Fund|195,000|||197,000|||
|LBHaringey|- emergency||grant||||28,000|||
|HMRC Job Retention||Scheme||6,009|||130,302|||
|||||||201,009|||474,302|
|ACE - NPO funding||||132,135|||132,135|||
|LB Haringey|- revenue|funding||110,000|||110,000|||
|||||||242,135|||242,135|
|Income from|donations||and|legacies carried forward||490,987|||805,853|





## 

|||||2022|||2021||
|---|---|---|---|---|---|---|---|---|
|Income from donations|and legacies brought||forward||490,987|||805,853|
|Grants|||||||||
|Project specific funding|||||||||
|ACE<br>—Back to our Future|||76,500||||||
|ACE - Large Capital Grants|||1,541,405|||270,148|||
|ACE —Kickstart Capital Grant|||372,491||||||
|AKO Foundation|||35,000||||||
|Backstage Trust||||||20,000|||
|BBCChildren<br>in Need|||40,781|||44,304|||
|Cadent Foundation|||18,967|||5,633|||
|Capital grants<br>—misc|||20,000|||25,500|||
|Christina<br>Smith Foundation||||||25,000|||
|Christmas<br>Day donations|||34,980|||36,291|||
|City Bridge Trust|||51,365|||11,818|||
|Corn Exchange||||||1,200|||
|Finnish<br>Institute|||36,881||||||
|Foyle Foundation|||25,000||||||
|Foundation<br>4-22|||7,518||||||
|Garfield Weston Foundation||||||100,000|||
|Homes<br>for Haringey|||12,491|||9,500|||
|London Borough of Barnet||||||1,800|||
|London Borough of Haringey|||838,600|||297,767|||
|Nordic Festival grants|||7,700||||||
|Participation<br>(Community)|- misc||44,410|||220|||
|Participation<br>(Youth) - misc|||11,670|||999|||
|Private donations|||100,000|||131,000|||
|Robert Gavron Trust|||30,000||||||
|Social Investment<br>Business|||60,000||||||
|The 29th May Charitable|Trust|||||5,000|||
|The National<br>Lottery Community||Fund||||47,927|||
||||||3,365,759|||1,034,107|
||||||3,856,746|||1,839,96Q|





## 

||||2022|||2021||
|---|---|---|---|---|---|---|---|
|Income from charitable|activities|||||||
|Operation<br>ofThe Centre||||||||
|Room, studio and regular|hires|120,958|||7,165|||
|Boxoffice||97,979|||12,374|||
|In kind support||||218,937|||19,539|
|Artists<br>in Residence||30,000|||55,010|||
|Emerging<br>companies||24,000|||25,000|||
|Classes and courses||30,801|||11,935|||
|Christmas<br>Day||26,076|||23,276|||
|||||110,877|||115,221|
|||||329,814|||134,760|
|Other operating<br>income||||||||
|Cafe and bar||12,817||||||
|Sundry||1,125|||857|||
|||||13,942|||857|
|||||343,756|||135,617|
|Investment<br>income||||||||
|Bank interest received||||57|||61|
|Other income||||||||
|Theatre Tax Relief||||33,886||||
|||||33,886||||





||||||Year ended 31 March|2022|||
|---|---|---|---|---|---|---|---|---|
||||||2022||2021||
|Expenditure|on|charitable||activities|||||
|Operation<br>of|The||Centre||||||
|Direct costs|||||742,153||662,151||
|ln kind support|||||110,611||115,221||
||||||852,764||777,372||
|Support costs|- page 32||||173,255||121,460||
|||||||1,026,019||898,832|
|Other operating||expenditure|||||||
|Support costs|- page 32||||16,240||1,729||
|Governance<br>costs|||—page 32||18,071||13,549||
|||||||34,311||15,278|
|||||||1,060,330||914,110|





||||2022|2021|
|---|---|---|---|---|
|||||F|
|Support and governance costs|||||
|Support costs|||||
|Operation<br>of The Centre|||173,255|121,460|
|Other operating|costs|—finance|16,240|1,729|
||||189,495|123,189|
|Governance costs|||||
|Professional/financial|||||
|Legal/professional|||7,421|7,449|
|Accountancy/other|||3,650|1,500|
|Audit|||7,000|4,600|
||||18,071|13,549|





## 

||||(Li|mited by Guarant|ee)||||
|---|---|---|---|---|---|---|---|---|
|||||Baiance Sheet|||||
|||||31 March 2022|||||
||||||||2021||
||||Notes||||||
|Fixed assets|||||||||
|Tangible assets|||||4,484,906|||1,276,512|
|Current assets|||||||||
|Stocks|||9|316|||||
|Debtors|||10|274,761||96,595|||
|Cash at bank|and in|hand||497,968||609,346|||
|||||773,045||705,941|||
|Liabilities|||||||||
|Creditors: amounts||falling|||||||
|due within one year|||11|(321,120)||(376,905)|||
|Net current assets|||||451,925|||329,036|
|Total assets|less current||||||||
|liabilities|||||4,936,831|||1,605,548|
|Creditors: amounts||falling due|||||||
|after more|than one year||12||{157.168)||||
|Net assets|||||4,779,663|||1,605,548|
|The funds ofthe charity|||||||||
|Unrestricted|funds||15||||||
|—General<br>fund|||||394,651|||332,121|
|—Designated|funds||||140,000|||80,000|
||||||534,651|||412,121|
|Restricted<br>funds|||||4,245,012|||1,193,427|
|Total charity|funds||||4,779,663|||1,605,548|



|required<br>by the Companies<br>A|ct 2006 and are for circulation<br>to members<br>of the|company.|
|---|---|---|
|The accounts were approved|by the Board of Trustees on 6 December 202|d signed on its behalf by|
|David Porter|John Bird||
|Chair ofTrustees|Trustee||





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## 

||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating<br>activities||||21|2,924,724|1,301,026|
|Cash flows from investing<br>activities:|||||||
|Dividends,|interest and rents from|investments|||57|61|
|Purchase|of property,<br>plant and equipment||||(3,226,159)|(910,066)|
|Net cash|provided<br>by investment|activities|||(3,226,102)|(910,005)|
|Cash inflows<br>from new borrowing|||||190,000||
|Net cash|provided<br>by financing|activities|||190,000||
|Change<br>in|cash at bank and<br>in hand<br>in the||reporting|period|(111,378)|391,021|
|Cash at bank and in hand at the beginning|||of the reporting||||
|period|||||609,346|218,325|
|Cash at bank and in hand at the||end ofthe reporting|||||
|period|||||497,968|609,346|





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|3.|Net income/(expenditure)|for the year is|2022|2021|
|---|---|---|---|---|
||stated after charging:||||
||Depreciation<br>of tangible|fixed assets|17,765|1,461|
||Auditors'<br>remuneration||||
||—external<br>audit||7,000|4,600|
||- other services||3,650|1,500|



## 

||2022|
|---|---|
|Artistic Director Salary|50,000|
|Artistic Director Pension|1,463|
|Executive Director Salary|50,090|
|Executive Director Pension|1,503|





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## 

|Staff costs and numbers|2022|2021|
|---|---|---|
|Staff costs|||
|Salaries and wages|386,867|406,410|
|Social security costs|29,348|29,000|
|Pension costs|8,479|8,530|
||424,694|443,940|



|up as foll|ows:||||
|---|---|---|---|---|
|||2022|2021||
|||Number|Number||
|Operation|of the Centre|||30|
|Pension|costs||||



## 



|8.|Fixed assets - tangible assets|Property|Fixtures/||
|---|---|---|---|---|
|||development|fittingsl|Total|
|||costs|equipment||
||Cost||||
||1 April 2021|1,273,590|88,119|1,361,709|
||Additions|3,226,089|70|3,226,l59|
||31 March 2022|4,499,679|88,189|4,587,868|
||Depreciation||||
||1 April 2021||85,197|85,197|
||Charge for year|16,304|1,461|17,765|
||31 March 2022|16,304|86,658|102,962|
||Net book values||||
||31 March 2022|4,483,375|1,531|4,484,906|
||31 March 2021|1,273,590|2,922|1,276,512|



|9.|Stocks||2022|2021|
|---|---|---|---|---|
||Stocks||316||
|10.|Debtors||2022|2021|
||Trade debtors||39,901|23,029|
||Other debtors||130,785|47,623|
||Prepayments|and accrued income|104,075|25,943|
||||274,761|96,595|





## 

## 

|11.|Creditors: amounts|Creditors: amounts|falling|due|2022||
|---|---|---|---|---|---|---|
||within one year||||||
||CBILSloan||||32,832||
||Trade creditors||||150,585|288,720|
||Other creditors||||34,051|15,311|
||Accruais||||16,403|7,152|
||Deferred income|(note 13)|||87,249|65,722|
||||||321,120|376,905|
|12.|Creditors: amounts||falling|due|2022|2021|
||after more than|one year|||||
||CBILSloan||||157,168||
|13.|Deferred income||||||
||Balance at 1 April|2021||||65,722|
||Amount<br>released|to|incoming|resources||(65,722)|
||Amount<br>deferred|in the year||||87,249|
||Balance at 31 March 2022|||||87,249|



## 



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## 

|15.|Unrestricted<br>funds|Unrestricted<br>funds|Brought|Incoming|Outgoing|Transfers|Carried|
|---|---|---|---|---|---|---|---|
||||forward|resources|resources||forward|
|||||||P.||
||General|fund|332,121|868,686|(761,390)|(44,766)|394,651|
||Designated<br>funds:|||||||
||Capital|development|15,000||||15,000|
||Impact|Assessment|30,000||||30,00Q|
||Building|repairs/maintenance10,<br>000|||||10,00Q|
||Hire liability||25,000||||25,000|
||COYID|recovery||||60,000|60,000|
||||412,121|868,686|(761,390)|15,234|534,651|



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|Restricted|funds|Brought|Incoming|Outgoing|Transfers|Carried|
|---|---|---|---|---|---|---|
|||forward|resources|fesoutoes||forward|
|Development<br>fund||1,182,129|3,022,496||(15,234)|4,189,391|
|Creative<br>Learning||3,526|179,684|(164,192)||19,018|
|Christmas|Lunch|7,772|34,980|(26,395)||16,357|
|Lumin osa|||76,500|(76,500)|||
|Foundation|4-22||7,518|(7,518)|||
|Nordic Exposure|||44,581|(24,335)||20,246|
|||1,193,427|3,365,759|(298,940)|(15,234)|4,245,012|



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## 

|||General||Designated|Restricted|Total|
|---|---|---|---|---|---|---|
|||funds||funds|funds||
|Fund balances|at 31 March 2022||||||
|are represented|by:||||||
|Tangible fixed|assets|275,269|I||4,209,637|4,484,906|
|Net current assets||276,550||140,000|35,375|451,925|
|Long term (liabilities)||(157,168)||||(157,168)|
|||394,651||140,000|4,245,012|4,779,663|



## 

|At 31 March 2022 the|company|had future|minimum|lease payments|under non-cancellable|operating|
|---|---|---|---|---|---|---|
|leases, with payments|falling due as follows:||||||
||||||2022|2021|
|Due:|||||||
|Within one year|||||23,000|23,000|
|Between one and five|years||||92,000|92,000|
|in over five years|||||428,241|451,375|
||||||543,241|566,375|



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|21.|Reconciliation<br>of net income/{expenditure)|Reconciliation<br>of net income/{expenditure)|Reconciliation<br>of net income/{expenditure)|Reconciliation<br>of net income/{expenditure)|to net cashflow from operating<br>activities||
|---|---|---|---|---|---|---|
||||||2022|2021|
||Net<br>income/(expenditure)<br>for|||the|3,174,115|1,061,528|
||reporting|period|(as<br>per|the|||
||statement|of financial|activities)||||
||Depreciation||||17,765|1,461|
||Dividends,|interest and rents from investments|||(57)|(61)|
||(increase)|in stocks|||(316)|3,618|
||(Increase)|in debtors|||(178,166)|(45,347)|
||(Decrease)/increase||in creditors||(88,617)|279,827|
||Net cash|inflow from operating||activities|2,924,724|'l,301,026|





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||||||2022|||2021||
|---|---|---|---|---|---|---|---|---|---|
|Charitable<br>activities costs|||analysis|||||||
|Production costs||||||||||
|Staff and salary costs||||387,951|||446,387|||
|Social security costs||||29,350||||||
|Staff pension scheme costs||||8,397||||||
|Theatre and creative learning||||292,999|||153,609|||
|Cafe and bar hire costs||||12,544||||||
|Bar costs of sale||||5,349|||4,593|||
|Advertising<br>and marketing||||30,600|||34,538|||
|Office consumables|||||||89|||
|Sundries|||||||1,293|||
|Irrecoverable<br>VAT||||(25,037)|||21,642|||
|||||||742,153|||662,151|
|Cost equivalent<br>of support|||in kind|||||||
|In kind support<br>- Artists|in|residence||30,000|||55,010|||
|In kind support<br>- Emerging||companies||24,000|||25,000|||
|In kind support<br>-Classes and|||courses|30,535|||11,935|||
|In kind support<br>- Christmas||Day||26,076|||23,276|||
|||||||110,611|||115,221|
|||||||852,764|||777,372|
|Support and governance||costs||||||||
|Operation<br>ofThe Centre||||||||||
|Office consumables||||19,678|||1,l56|||
|Rent equivalent<br>of donated||facilities||19,840|||78,818|||
|Premises expenses||||103,828|||39,812|||
|Sundries||||12,144|||213|||
|Depreciation<br>of fixtures/fittings/equipment||||17,765|||1,461|||
|||||||173,255|||121,460|
|Finance||||||||||
|Bank charges||||240|||229|||
|Freelance fees - finance||||16,000|||1,500|||
|||||||16,240|||1,729|
|Governance costs||||||189,495|||123,189|
|Legal/professional||||7,421|||7,449|||
|Accountancy/other||||3,650|||1,500|||
|Audit||||7,000|||4,600|||
|||||||18,071|||13,549|
|||||||1,060,330|||914,'I 10|