Company number 05987997 Charity number 1119318 Jackson's Lane (Limlted by Guaranlee) Report and Flnancial Statements for the year ended 31 March 2024 Breckman & Company Limited Chartered Certified Accountants 49 South Mollon Street London W1K 5LH Jackson's Lane (Limited by Guaranlee) Conlenls Page Relerenee and Administrative Details Trustees. Report 2-20 Auditors, Report 21-24 Stalement of Financia Activities {including Income and Expenditure Account) 25-31 Balance Sheet 32 Cash Flow Statement 33 Notes to Ihe Financial Statemenls 34-44 Appendix - charilable activities costs analysis Jackson's Lane (Limited by Guarantee) Reference and Administrative Details Constitution The company is a private company limited by guarantee registered in EW England & Wales, company number 05987997 and its governing document is tts Memorandum and Articles of Association. The company is a registered charity. number 1119318. Directors and Truslees The Directors of the charitable company ("the charrty'l are ils Trustees tor the purpose of charity law and throughout this report are collectively referred to as Ihe Truslees. Policies and procedures adopted for Ihe induclion and training of Trustees ate ongoing and incorporated indirectly into the regular Trustees meetings. The Trustees during ihe year and since the yeaf end: were . Adrian Berry John Bird Elizabeth Bloomer Monica Comyns Hannah Cox Nathan Curry Reene Deba Monique Deletant Pax Nindi Adrian Porter David Porlef (Chair) Gillian Smilh Richard Webber appointed 23 May 2023 resigned 22 February 2024 Joint CEOS Adrian 2erry (Artistic Direclorl Hannah Cox (Executive Direclor) Auditors Breckman & Company Limited. 49 South Mollon Street, London W1 K SLH. Bankers CAF Bank Limited, 25 Kings Hill Avenue, West Malling, Kent ME19 4kiQ. Registered off ice and operation address 269A Archway Road, London N6 SAA. Jackson's Lane (Limited by Guarantee) Trustees, report Trustees, Annual Report The Trustees of the Jacksons Lane Arts Centre I'jacksons Lane"} present their report and the audited financial statements for the year ended 31 March 2024. The financial statements comply wtth Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association and 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 (FRS 1021. The reference and administrative details set out on page I forms part of thi5 report. A. Chair's Introduction l am delighted to present the Annual Trustees Report for 2023 - 2024 on behalf on the Board of Trustees of Jacksons Lane. As a creative and cultural hub in the heart of North London, Jacksons Lane transforms lives, benefitting a wide range of people from all ages and backgrounds every year. Jacksons Lane offers the be.st in contemporary circus performance, along with a wide range of classes and courses, many of which are focused on the arts, creativity, and wellbeing, complementing our large-scale outreach progran"Ime of Creative Engagement for disadvantaged and underserved communities. Since completing the £4.6million caprtal transformation of our much-loved building we have continued to expand our cultural offer and support an ever-growing range of visitors, artists, and communities. The improvements have been met with overwhelmingly positive feedback, in partlLular around increased accessibility for disabled visitors, artists, and participants. The upgraded Studio spaces remain available to hire to a wide range of participating organisations. and, by hiring thein we broaden our cultural offer and improve our financial resilience. Our redevelopment not only ha<: seen our hires and business operations thrive, but we have also been pleased to be part of the Haringey Warm Welcome initiative, providing a warm space in the winter months with activi*ie.s and refreshments. Our International Programme continues to grow with new partnerships formed with Estonia, Lithuania and Australia and our ongoing partnership with Finland and Holland. We produced a new Chri8+mas show for the third year running, a contemporary circus take on the classic tale The Three Billy Goats Gruff - an artistic highlight of the year. We thank our funders for their support throughout the year, especially the Arts Council England and Haringey Council for their key role in supporting our organisation, community work, our pldce on the international stage as well as locally. We also want to recogni5e the important contribution made by the volunteers who support our community programmes. ensuring vf(al access and connection are provided to those m05t in need. The continued success of Jacksons Lane is down to a highly dedicated and skilled team, led by Joint CEO'S Hannah Cox, Executive Director and Adrian Berry, Artistic Director as well as a dedicated senior management team. Jackson's Lane (Limited by Guarantee) Trustees. report Jacksons Lane benefÉts from a Board of Trustees, whose expertise and experience are vital for helping the organisation navigate new challenges. This year we said goodbye to long-standing board member Richard Webber and welcomed current board member Adrian Porter to the role of Vice Chair. My colleagues and I welcome the engagement of everyone interested in our journev. I commend this report to you. David Porter Chair B. Strategic Report Objectives Jacksons Lane was incorporated in November 2006 to- "primarily, but not exclusively, promote the benefit of people who live or work in the London Borough of Haringey and the surrounding areas without distinction of sex, political, i eligious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improvingthe conditions of life for the said inhabitants. establish or secure the establishment of a community centre and to maintain and manage, or to co-operate with any local authority in the maintenance and mana8ement of such a centre for activities promoted by the association and its constituent bodies in furtherance G! the above objects." In 2020 the organisation updated its objects to: The objects of the Charity are. for the benefit of the public, including but not limited to people who live and work in the London Borough of Haringey and the surrounding areas- 3.1.1 to establish, maintain and manage a Community Centre for activities promoted by the Chartty to provide facilities for recreation and other leisure-time occupation in the interests of social welfare with the object of improving conditions of life- 3.1.2 to promote the arts, in particular but not exclusively the performing arts. including through the provision of arts facilities, awards and mentoring- 3.1.3 to promote education {including vocational and physical training) in such ways as the Twstee5 think fit- and 3.1.4 to support disadvantaged people and those who are at the edge of mainstream societv Today, Jacksons Lane provides arts participation, performance, creative engagement and education initiative5 to Haringey, pan-London and increasingly national audiences. promoting partnerships with a range of arts organisations, festivals, community groups and educational bodies. In addition, the Jackson's Lane (Limited by Guarantee) Trustees, report organisation facilitates. promotes and hosts cornmunity-led education initiative5 and courses. Jacksons Lane's creative engagement programme serves everyone, from children and young people to older adult5. Public benefit statement In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's Euidance on public benefit, including the guidance 'public benefit- runnkng a charity IP821'. The Trustees review the aims, objectives and activities of the charity each year. This report considers the charity's achievements and its outcomes in the reporting period. The Trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it was est3blished to help. The review also helps the Trustees ensure the charities aims, objectives and activities remained focused on its stated purposes. The trtjstees have referred to the guidance contained in the Charity Commission's general giiiijance on public benefit when reviewing the charity's aims and objectives and in planning its future aLtivities. In particular, the trustees consider how planned activities will contribute to the aims and objertives that have been set. Achievements and performance Since 1975, Jacksons Lane has grown to become the flagship arts and cultLtral venue in Haringey, offering a year-round programme that encompasse5 the best in contemporary performance, arts participation and creative engagement with and for its local communities and beyond. Our work empowers and ignites creativitv WFthin diverse communities, overcoming traditional social barriers through art, and improves social, emotional and physical wellbeing amongst participants. We are internationally recognised as the UK'S leading venue and supporter for contemporary Circus, working with hundreds of circus artists each year. By offering rehearsal space, financial support and advocacy, Jacksons Lane makes an unparalleled provision for the next generation of divp.rse artists and established talent. Through commissioning. producing, mentoring and year-round residencies, our creative partnerships stretch worldwide. 5UPPOrting circus artists on tour both in the OK and overseas. Since our reopening in April 2022 we have seen our role as a community and cultural hub floJi rish through a rapidly growing hires and private events programme, and new opportunities to develop performances and participatory offers in community spaces across the borough. A particular highlight of our year was Haringey Feast, an cross-borough event and celebration marking the culmination of Haringey's Cultural Impart Award, where we commissioned 2 original performances, one by our Associate Artists Brainfools, and the second by our Youth Circus, which were performed t.o an audience of 500. In 2023124 we: Engaged over 72,000 people through our programmes and 51te Welcomed 17.973 audience members Saw over 11.000 people attend 42 weekly classes and courses in our building Jackson's Lane (Limited by Guarantee) Trustees, report Offered 1,620 hours residency and development space to 82 artists in our building Supported 17 touring productions and presented 162 artists across ourArtistic season5 Worked with over 130 Volunteers Presented 19 international performances from 6 countries. supporting a total of 75 international artists. Opened as a Warm Welcome Hub for 182 days. supporting those in our local community impatted by the cost-of-living crisis Provided 650 free tickets to children and young people from disadvantaged backgrounds, and further 510 free tickets to watch work-in-progress performances in our aummer Transmission residency programme Launched a new Circus in Schools programme, which alongside our existing Youth Circus initiatives reached 588 young people Launched a new Youth Circus in our neighbouring borough of Barnet We have seen our digital reach continue to grow, this year reaching 765K people through Facebook and Instagram, and on X {previously Twitter) our content making 162.3K impressions. ContinL'.ing in our aim to connect the full breadth of our work with our audiences and communities we publish2d 18 blog post5 opening up our artistic, creative engagement and environmental sustainability programmes. Artistic Excellence Jacksons Lane's artistic programme continued its focus on high quality, diverse contemporary circus and visual theatre. We supported and presented LegalAliens, the pioneering Haringey based co,iipanv made up of Asylum Seekers and Migrant artists and hosted acclaimed performance artist. Floina, in a residency to further develop and sell out two nights of the crttically acclaimed High Steaks. We helped grow our national circus sectorsupporting 17 new works. LFve Art & circus performer Laura Murphy retL¢rned with our co-produttion Contra, as well as developing and premiefin8 her nevi work A Spectacle of Herself. We presented outdoor & site-specific circus around Haringey and North London including performances from Associate Artists Brainfools at Highgate's Fair In the Square, Haringey Feast at Alexandra Palace and North London Lates in Tottenham. We hosted 26 artists through our Associate Artists Scratch & Cabaret Nights, platforming exciting new work in development from diverse artists. including Zaki Musa's sell-out Queer Euphofia cabaret. Our supported artists Nikki & JD presented all three of their works in Nikki and JD Fest - a real highliqht of our year. As part of ourArtist Development workwe provided 1.620 hour5 of free space to 82 artists, and hosted 17 Work in progress and scratch performances, including through Transmission, our summer residency programme. Key statistic and figures Circus & Theatre Produttions hosted-. 43 Total performances: 95 Tickets sold.. 8,826 Touring productions sUPPOrted: 17 Artists Presented & supported: 162 Jackson's Lane (Limited by Guarantee> Trustees, report Working Internationally This year saw Jacksons Lane host and support artists from Australia, Finland, France, USA, Germanv and Holland. Our Dutch Circus Showcase This Is Not o Circus collaboration with TENT saw a week of Dutch artists showcase their work in our theatre and in the grand setting of Studio I to thrilled audiences. Our Finnish partnership has developed further with residencies and three productions, including Kallo Collective's only UK performance of Only Bones 1.9, and the British premier of Finnish company Jam Shenanigans. We collaborated with Bristol Circus City and The Lowry in Salford to bring the highly acclaimed Overhead Projett from Berlin to the UK with Whatls Left. We had representation at circus festivals and showcases in Rotterdam, Montreal, Helsinki, Estonia and Edinburgh, forging new relationships for the future with Quebec and Taiwan, as well as other venues and producers all over the world. Jacksons Lane's international programme continues to groi'¥' and flourish. Key statistic and figures International artists presented and supported- 75 International Performances: 19 Audiences for international work- 1,619 Theatre For Children and Young People Our work for younger audiences continued to thrive with weekend, half term and Chriitmas productions on our stage. We welcomed visits from Australia's Arc Circus with the uniquely brilli.Int A Bee Story as well as fellow Antipodeans Spl(Jsh Test Dummie5, plus a first visit for Flock Theatre in half term with ten popular performances of the much-loved book There"s u Tiger In the Garden. Finland's Jom Shenanigons wowed us with their retro juggling spectacular and Morgan and West rounded off the season with packed houses for theirtruly magnificent Massive Magic Show. Christmas saw us produce forthe third year runningwtth a contemporarytake on The Three BiliyvOat5 Gruff, combining astonishing circus with comedy and a clever twist on the original tale with almost 50 performances loved by all ages. Our Pay It Forward scheme ensured 650 Haringey residents could attend the theatre for free across the borough. Key statistic and figures Total Free Tickets: 650 Family weekend and holiday performances: 42 Christmas show performances: 48 Artists presented: 64 Total Family show audiences- 8,750 Creative Engagement: Youn8 People Now in its eleventh year. our Youth Circus Programme continues to enhance skill developfrnent, resilience, confidence and the making of long-lasting friendships for young people aged 4 to 18 iicross the borough. Our offer extends to the provision of enrichment opportunities, masterclasses and workshops during the school holidays. Jackson's Lane (Limited by Guarantee) Trustees, report We were delighted to launch a new Youth Circus in our neighbotjring borough of Barnet. thanks to a new partnership with Onestonegrove and funding from the John Lyon's Charity. Young participants from Barnet joined our Haringey Youth Circus participants in an exciting and dynamic circus showcase, performed on Jacksons Lane's professional circus stage, to a packed audience of friends, family and community members. Across the year we have developed a new methodology, giving participant5 increased ownership across the programme. Our Youth Board meets regularlyto co-create new opportunities, taking a vital leadership role in designing our annual Youth Circus showcase. These experiences were enriched by opportunities to attend the National Youth Circus Event at National Centre for Circus Arts, and watching professional circus companies including Cirque du Soleil. and our very own Christmas production, The Three Billy Goats Gruff. Participants showcased their skills alongside other talented young people at Alexandra Palace in the 'Haringey Feast,. the culmination of Haringey's Cultur31 Impatt Award. and as part of Haringey Youth Festival, this year hosted by Jacksons Lane. We have continued to collaborate on local initiatives, working with the Haringey GP Federation to provide 2 terms of weekly fitness classes as part of the Children Weight Management Programme, as well as offering Circus Skills workshops to the community during Alexandra Palace's 150th anniv£brsary celebrations, at the Triangle centre, at Trove Market in Tottenham and as part of cornmunity celebrations at Onestonegrove. Key statistic and figures Number of yOLsng people: 277 Number of artists- 10 Number of participants at community events: 585 Number of youth board rnembers: 9 Creative Engagement: Working with Schools We continue to co-lead Haringey Creates, the Cuttural Education Partnership for Haringey. This year we were 5ucces5ful in helping secure £191k of funding from Arts CoLSncil England towards 'Creative and Cultural Pathways for H3ringey'. In partnership with schools across the borough, this project will deliver a bold cultural education programme between 2024 and 2026. This year we launched Circus in Schools, a new initiative supported by Gol London, a partnprship between the Mayor of London, London Marathon Foundation and Sport England, which will deiielop circus, wellbeing and employability skills in Schools across Haringey over the next 3 year5. Ouc first partner was Harris Academy Coleraine Park, wtth additional taster workshops run in Alexandra Primary School and Heartlands High School. This projert will provide lasting impact and legacy bv investing in circus equipment for each partner school. providing teacher training and embedding school partnerships within our work. We have continued to invest the next generation's creatives and cultural leaders through providing work experience, placements. and contributtng to career events With talks and workshops. We are actively supporting young people from our programmes establish their first step into the world of work by employing older participants as paid assistants on our holiday programmes. Jackson's Lane (Limited by Guarantee) Trustees. report Key statistic and figures 311 participants 11 schools Creative Engagement: Older Adults Our work with older adults provides a quality-led experience for our 50+ community to improve participant wellbeing in innovative and exciting ways. We know that it is nevertoo late to erigage with the arts and presenting our older community with opportunities to get creative, to socialise and to access physical exercise has shown great results. Our social events for the 50+ combine these elements around a delicious meal and a wide variety of inspiring performances, to provide unforgettable moments of togetherness. Whether onsi:e at Jacksons Lane with our longstanding Social Lunch, or offsÉte with the legendary Broadway Bruriche5, our talented performers dazzle and delight, and always get our participants up on their feet and dancing. Our physical activity programme has proved particularly popular, with Seated Yoga providing a gentle but effective weekly stretch. and Caribbean Dance getting our muscles moving and our minds in check as we provide important historical content to the dance routines we learn. It has been fantastic to see participants experience the benefits of these classes over time, from improving aches and pains felt in the body, to memory retention. We are incredibly proud of the variety of activÉties we have provided across the year, designed in collaboration with our older community. Our studios have been transformed into wreath-making workshops decked out with materials foraged from Highgate Wood, into a choir for all abilities and into a therapeutic collaging and free-writing space. Our partnership with The Reader continLies to thrive, with shared reading se55ion5 encouraging powerful discussions about 120 works of literature in the past year. Key statistic and figures Total number of participants: 187 Total number of sessions: 99 Christmas Day At Jacksons Lane A project going back as far as Jacksons Lane's beginnings as a community centre, Christmas Day has remained a flagship moment- a culmination of the warmth, welcome and focus on wellbeing that runs through our wider outreach programme throughout the year. As we approach our 50 yea". we continue to open our doors to isolated older adults on the 25th December, in a day run for the community and by the community. This two-pronged operation is almost entirely volunteer-led, and our reach has increased each year. In 2023 we extended 104 invit3tions to our Christmas Day event, and provided 214 food hampers, hand-delivered to isolated adults across our borough. 90Yo of our guests are Haringey residents. Our Christmas Day projett would not be possible without our supporter5 and volunteers. This year 121 volunteers joined us to prepare food. wrap gifts. make deliveries, collect and support our guests Jackson's Lane (Limited by Guarantee) Trustees, report on the day. while 16 local businesses provided vital in kind donations of food and gifts. WE were delighted to raise £19,480 through the Big Give Christmas match funding challenge, and a further £14,720 throLtgh Trusts & Foundations, website donations and bucket collections to support thi5 important community event. This yearfs event featured in Haringey Community Press and the Big Issue, with photos of the event shared in Reuters, Washington Post and Gulf Times depictingchristmas experiences around the world. A Community Hub For Haringey Our work a5 a community and cultural hub for Haringey continues to grow, with programmes and activities reaching audiences and participants across Haringey. This year we worked in 22 sites in Haringey including schools, community spaces and housing schemes. providing free circus work, FIOPS and performances at many inspiring Haringey events. At Jacksons Lane we hosted 42 weekl¥. classes and course5, welcoming over 11,000 class-goers and svpporting many local practitioners and businesses to thrive, as well a5 running 4 sold-out holiday Circus Camps for over 80 young people. We were delighted to commemorate one of our founders, Nicky Gavron, wtth a new Pink Plaqtje to mark her significant contribution to Jacksons Lane and the local area. Over 120 people gathered to celebrate her impact at our launch event and you can now see the plaque mounted proudly on our building. This winter we once again offered a Warm Welcome as one of Haringey's 6 'Local Living Rooms, providing accessible, welcoming and safe space for those in our communities impacted by the cost- of-living crisis. Donations made to our Wall of Kindness from the local community provided hundreds of free hot drinks and meals over the winter months to those in need. We were delightedto Showcase both artists and our inspirational Youth Circus through Haringey'"east, Haringey's iconic celebration of culture held at Alexandra Palace in November 2023. Circus artists, young. emerging and professional, came together to create original circus performances which celebrated joy, creatrvity and community, performed to an audience of 500 people. Environmental Sustainability We have continued to seek to improve our environmental sustainability and reduce impact oli the local environment. This year has seen new initiatives sUPPOrting us to better track. monitor and report on our progress. We undertook a full independent energy assessment on the overall efficiency of the building and recommended areas for improvement. In March 2024 we were successful in securing over £IS,000 to undertake the first steps of retrofitting our theatre lighting stock to more efficient LED fixtures which will have an immediate impact on our energy consumption. We replanted the small garden spaces around Jacksons Lane including using pollution-reducing plants to help protect us and our visitors from the high pollution of Archway Road. These areas art,. now maintained by a small group of committed volunteers for which we are very grateful. Our board supports our progress through regular reporting. and connertion and upskilling through Julie's Bicycle, who provide sector support and training. Jackson's Lane (Limited by Guarantee> Trustees, report In 2023124 we continued to recycle over 50% of all waste and continue to commit to having a zero to landfill policy 11.44 tonnes of carbon avoided 16.1 tonnes of waste was diverted from landfill Our carbon footprint is 168 tonnes C02e Audiences In 2023 - 2024 Jacksons Lane engaged over 72,000 people through our Artistic programme, Creative Engagement projects and building offer. 17,973 tickets were sold across 80 productions (incliiding external hires) and our Engagement programmes provided creative, cultural and social opportunitie5 to over 1,700 people. Through our pay-lt-fo￿3rd free ticket fundraising scheme we were able to provide over 1,000 free tickets to performances at Jacksons Lane. with 650 of these given to families and community groups in Haringey who face barriers to accessing cultural opportunities. We were delighted to welcome 20% of our audiences to their first performance at Jacksons Lane, as well as reaching a further 1.750 audience members through offsite free performances at events such as Haringey Feast. Fair in the Square and North London Lates. Our Cool Space and Warm Welcome offers supported over 3,000 people impacted by the cost-of .living crisis, while over 11,000 people attended the regular classes and courses held in our building every week. Key statistics and figures 20% First time bookers 25% of tickets sold to Haringey audiences Partnerships Partnerships are key to the success and impact of our work. and we invest time and resource in developing partnership relationships and programmes. In 2023124 we worked with 36 organisations across our artistic and creative learning programrnes. To deliver our creative learning work across Haringey and beyond we worked in partnership ivit-'i: Skv City Community Centre & Metropolitan Thames Valley, Collage Arts, Haringey Shed, Haringey Creates, Tottenham Green Pools & Fttness, Triangle Children, Young People & Community Centre, 143,-ingey Council Housing and Regeneration, Haringey GP Federation. Harris Academy Coleraine Park and Onestonegrove. 10 Jackson's Lane (Limited by Guarantee) Trustees, report For our artistic programme we partnered wfth 25 organisations with a focus on artist and show development, programming. industry engagement and organisational development= National Centre for Circus Arts, The Lowry Theatre, Circomedia, Future Arts Centres, Circus Change Up, Institute Ramon Llul, Catalan Institute, Sirkus and Dance Info - Finland, MICC- Circus Festival Montreal, TENT Holland Circus Producers, The Finnish Institute in the UK and Ireland, Crying Out Loud, Future Formed Waltham Forest Borough Council, NoFit State Circus, Split Second, Highgate Fair In the Square, Performing HEL. Finland, Extraordinary Bodies, Circus City Bristol, Epicirq, Estonia, Emb.4Siy of Quebec, Cirko - Finland, Cluster Arts. Australia, Circusstad Holland, Circuscentrum, Belgium. Hires We have had a successful year developing our greatly improved hires offer including private, community and commercial hires. We have developed a loyal group of businesses running 42 weeklv classes and courses and are now focusing on developing our wedding, rehearsal and filming offer. We continue to develop our offer, supported by peer learning and connection with other cultural organisations. We have piloted our corporate training offer with a circus workshop element and plan to continue to develop and establish this over the coming year. We continue to hold a positive relationship with BBC, Hampstead Garden Opera {HGOI, many local schools and multiple smaller organisations who make regular bookings of our largest studio and theatre throughout the year. We have developed a strong relationship with A La Mesa. the caterers who run our café/bar and have seen their business develop and grow. in turn increasing our commission revenue. We are working closely with them to promote our private events offer {weddings and parties), whilst balancing the needs of OLSr regular visitors from the local communÈty. Across the financial year we saw 2.995 individual uses of our 5tudi05. h05ted 228 events in our largest studio space, welcomed 103 children'5 birthday parties and 57 other private events. We ensure regular monitoring and review of our offer through client surveys and clear mechanisms for feedback. Feedback received primarily highlights the helpfulness of our staff hc are 'informative, efficient. and reassuring {Birthday party client. October 20231 and the venue This was the perfert venue, everyone was super friendly, the room wa5 astonishingly beautrful and served our needs perfectly., (Book launch client. March 2024}. We have introduced an increase in hire rates from April 24 informed by comparative local offers, ensuring we remain an attractive and competitive option for local businesses. commercial hirers and individuals. We have also introduced a two-tier system providing a commercial and community event rates to provide our clients more options arFd to be able to offer a lower rate for those who may need it. We have had very positive responses towards this change. Jackson's Lane {Limited by Guarantee) Trustees, report C. Structure, Governance and Management Governing Document Jacksons Lane is incorporated as a company limited by guarantee and not having a capital divided by shares. The organisation was incorporated on 3, November 2006 (registered number 05987997} and registered as a charity on 21" May 2007 {registered number 11193181. The company's objects and powers are stated in its Memorandum of Association and it is governed by its Articles of Association which were updated in May 2020. The Trustees The governing body is the Board of Director5 {"Board") who are elected by the charity's members at the Annual General Meeting and are directors for the purpose of company law and trustees for the purpose of charity law- in this report, they are referred to as Trustees, to distinguish them from the Executive whom are referred to as Dirertors. The Board meets at least five times per year. The Articles require that there is a minimum of 5 and maximum of 13 Trustees. There are currently 12 Trustees, with Richard Webber stepping down from his position in February 2024, and the Board continues to benefit from their strong diversity of experience and background. David Porter was appointed Chair on 13 May 2020, with Adrian Porter appointed as Vice-chair on 14 September 2023. The Trustees delegate the day to day operational management to the Joint CEO'S Isee below) but retain responsibility and oversight for final decisions in respect of specific matters. The Board has established appropriate controls and reporting mechanisms to ensure that the Executive operates within the scope of the powers delegated to it. All matters not specifically reserved for the Board but necessary for the day-to-day operations of the charity are delegated to the Executive. Recruitment. Appointment and Induction of Trustees Trustee Recruitment needs are assessed on the basis of conversations with existing Trustees and an annual skills audit to identify gaps in knowledge or experience. The recruitment pack includes a role description, information about Jacksons Lane and our activities and how to apply as well as those. skills we are seeking. Jacksons Lane is exploring developing connections between the youth board and main board of Trustees, with the long term aim of appointing young trustees and more arti4ely embedding youth voice in the governance of the organisation. All potential trustees attend a Board meeting as an observer before being elected to the Board. A full induction proces5 including Board and staff mentoring will be arranged for new trustees to help them understand the company and perform their duties effectively. Trustees are encouraged to visit the organisation's projects and to meet the staff, a process now supported through the creation of Trustee/Staff working groups which will sUPPOrt our delivery of the Arts Council's NPO Inrfestment 12 Jackson's Lane (Limited by Guarantee) Tru5tees' report Principles. and a Board/staff mentoring programme. The progression of new trustees is monitored by the Chair/Vice-Chair or other nominated trustee. to ensure that they- Are fully aware of their roles and responsibilities. Are informed about the organisation to meaningfully input into discussion. Training needs are identified and addressed. All trustees are informed of external training opportunities during the year. Charity Commission updates and news are also provided to them. Our current board is made up of 12 members, 50% of whom demonstrate protected characteristics: 33Y. have experience of racial inequality 25% identify as Disabled or Neurodiverse 42% female, 50% male, 8% non-binary Trustee Biographies The trustees in office during the year are set out on Page 2. Details of the backgrounds of the Trustees who held office 31 March 2024 are as follows- Chair.. Davtd Porter. David is an architett who designed housing for Camden Council then in the Netherlands. He became head of the Mackintosh School of Architecture and part of the executive team at the Glasgow School of Art. He taught urbanism and creative resea:-ch at China's Central Academy of Fine Art and was president of the Architettural Association, chairing its board of trustees. Trustees: Adrian Berry (see page 151 John Bird. John has over 30 years. experience in the finance sector and was a partiier at Deloitte. More recently he seNed on the Council of The Architectural Association 'Nhere he chaired the Finance and Resources Committee and was a member of the Audit and Risk Commtttee. Hannah Cox {see page 15) Monique Deletant. Monique is experienced arts leader who has worked across the arts sector and is currently CEO of artsdepot, a multi-award winning cultural hub in Barnet. She has worked as Director of Dance Hub Birmingham/Deputy Director of Culture Centre where she set up the new £2 million initiative with partners across the dance Sector, and led on a nL+mber of wider projects including the Birmingham Cultural Education Partnership and Commonwealth Games events. She has led Stratford Circus Arts Centre and Rich Mix, successfully reapplying for Arts Council funding and developing new initiatives. She also works in a freelance capacity coaching. mentoring and supporting organisations through change. Prior to working in the arts, she worked for an MP and the Master of the Rolls. Gillian Smith. Gillian was a partner of a leading City law firm for many years, specialising in finance. Gillian also served as a trustee of Plan International UK between 2014 and 2023, acting as Deputy Chair from 2019 -23. Having lived and brought up a family in Highgate for Jackson's Lane (Limited by Guarantee) Trustees. report over 25 years. Gillian is convinced of and passionate about the value which Jacksons Lane brings to local communities. Richard Webber. Richard is the oriEinator of post code analysis Systems used by many arts venues to discoverfrom which neighbourhood people attend productions. He currently works to enable organisations to appeal more effectively to people from different cultural backgrounds. Richard resigned from his position as Trustee in February 2024. Adfian Porter. Adrian is a former national squad gymnast who has been teaching circus for over 25 years. He oversaw acrobatic development for the Millennium Dome Show and went OF) to co-write the first iteration of the Foundation degree program at the National Centre for Circus Arts where is now works as the Head of Higher Education Delivery. He is a Board member of FEDEC and part of the Erasmus+ drive considering mobility around riggers and technicians across the world. Adrian has established a Research and Ethics committee ￿,hOSe aim is to drive the next stage of circus and performing arts research in the UK. Adrian became Vice-chair in September 2023. Pax Nindi. Pax is the founder and Chief Executive of Global Carnivalz Ltd. An experienced Carnival Director he has led Hackney Carnival, St Paul's Carnival and was Creative Direttnr for UK Centre for Carnival Art5. Pax also wrote the Carnival strategy for the Arts Council, where he served as a senior memberfor 10 years and remains as an advisor. As a Fellow of the li.oyal Society of the Arts and an international carnival consultant, Pax is a keen advocate for the carnival artform and lectures at conferences around the world. Reene Deba. Reene is the Strategic Finance Assistant Director for the Ministry of Justice. She has previously worked in finance and risk management. Reene is chair of the Finance Committee for Jacksons Lane. Nathan Curry. Nathan is a theatre director, creative producer and arts programmer. He is the Co-Artistic Director and CEO of Tangled Feet theatre ensemble who make original physical theatre and image led work, as well as running 3n industry-leading participation and Dramatherapy programme with thousands of young people. Previously, he was the Associate Director of The Greenwich+Docklands International Festival. the Associate Director of The Bush Theatre and a Staff Director at The National Theatre. Monica Comyn5. Monica is a primary school teacher. with a previous career in financial compliance across multiple firms. She brings her corporate knowledge and passiun for volunteering to the Jacksons Lane board. Izzy Bloomer. Izzy is a circus artist. performer and teacher who h85 worked and studied arross Europe & Australia. They graduated from The National Centre for Circus Arts and alongside performing works as a circus consultant, with UK companies such as Lavrak Circus, She Said Jump Co. and Robie Hébert. Trustees Meetings and Interests During the year, there were 4 Board meetings. all of which were quorate. 14 Jackson's Lane (Limited by Guarantee) Trustees, report The Trustees have no beneficial interest in the company other than as members; Trustees are also Directors of the company. All the trustees are members of the company and guarantee to contribute £1.00 if the company is wound up. All trustees give their time voluntarily and receive no benefits from the charity. No expenses were reclaimed from the charity by Trustees. The charity's insurance cover includes Directors, and Officers, Indemnity Insurance for Trustees. Board Sub-committees We have an active Finance sub-committee, chaired by Reene Deb3. The committee meets monthly, and brings a greater level of scrutiny to management accounts, risk register and financial planning. The committee acts as a sounding board for the executive team. and an advisor to the main board where final decision making takes place. The current Finance Committee members are.. Reene Deba (Chair), Richard Webber. John Bird, Monica Comyns, Hannah Cox and Jackson5 Lane's Finance Manager. Executive Management Whilst the Trustees are responsible for all the charity's actions, day-to-day operations and decision- making continue to be delegated to the Executive, who report directly to the Board. Hannah Cox (Executive Director). Hannah is an experienced participatory arts producer and programmer. Prior to working at Jacksons Lane she was the Young People's Programme Manager at National Theatre and previously led the schools programme at Southbank Centre. Hannah has worked extensively as a freelance producer and creative facilitator, a5 well a5 founding the award-winning event business Crafternoon Cabaret Club. She is a cohort of Clore Leadership Pulse 2020. Adrian Berry (Artistic Director) has been Artistic Director since 2007 and has transformed Jacksons Lane into the UK'S leading arts centre forcontemporary circus and visual theatre, supporting over 150 emerging artists from a range of diverse background5 each year. Prior to this, he was Director of Trinity Theatre in Kent, The Bull Theatre North London and has worked for the National Theatre, The Albany and Stratford Circus Arts Centre. The Board has established appropriate controls and reporting mechanisms to ensure that the Executive operates within the scope of the Flowers delegated to it. The Board has determined Reserved Powers (as listed above) which only it can ultimatew exercise. All matters not specifically reserved to the Board and necessary for the day-to-day operations of the charity are delegated to management. Examples of the responsibilities of management are: a. Operate within delegated authority limits set by the Board b. Reporting to the Board in a timely manner and against agreed criteria c. Formulating and recommending the strategic direction of the charity d. Translatin8 the approved strategic plan into an annual operating and financial plan5 Managing the human. physical and financial resources Compliance of the charity with relevant laws and regulation5 g. Deliver agreed performance measures 15 Jackson's Lane (Limited by Guarantee) Trustees. report h. Develop, implement and manage risk management along with internal compliance and control systems Develop. implement and update policies and procedures Staff Team Jacksons Lane is fortunate to have an incredible team of vibrant, dedicated. talented and charismatic employees who work hard to ensure the charity hums. All staff have an induction and probation period at the start of their employment and an annijal appraisal which outlines their performance against their key objectives in their job description. All contracted staff receive regular salary reviews, development opportunities and access to training. Volunteers Jacksons Lane works with over 140 volunteers. including those who volunteer for our Community Christmas Day, supporting our youth and older adult programmes and the Trustees, who volunteer their time to oversee the strategic direction of the organisation and ensure that we are delivering services in line with our objectives and charitable purpose. D. Principal Opportunities, Uncertainties and Risks The trustees have a full risk register which is reviewed on a regular basis at Finance Committee meetings and at quarterly board meetings. Our main risks and mitigations are as follows: Building infrastructure: While we have seen significant benefits to our programme delivery and financial resilience following our capital refurbishment, there remain a number of works required to be completed by end of 2025 as per our contract with London Borough of Haringey. These works are of smaller scale than previous works but will require fundraising and management, as well as the ongoing maintenance of our building. Revenue Fundraising: Fundraising continuesto be challenging across the arts and cultural sectors. We continue to work with trustees, trusts and foundation5 and our statLEtory funders to ensure we are providing good value for money. are appropriately resourcing our work and are documenting and communicating impact and positive outcomes. The year ahead see5 an increase in target for our Hires and Private Events strands, supported by some additional staffing. Income will continue to be monitored closely by the Executive team, Finance Committee and board. This financial year marked the second year of 5 years confirmed funding from Haringey Council, and our first year of 3 years of NPO funding from the Arts Council, which has since been announced to be extending for an additional year. We have had a good success rate in securing smaller grants, primarily supporting our Creative Engagement programmes, as well as employing freelance Fundraisers to support on larger grant applications. We launched a new Supporters Scheme in April 2023 in order to grow individual giving and build closer, long-term relationships with supporters. We currently have 6 supporters making monthly donations between £5 and £30. We are exploring new opportunitie5 to promote this scheme through priority booking opportunities and our upcoming anniversary year. 16 Jackson's Lane (Limited by Guarantee) Trustees. report We continue to See the impact of the cost-of-living crisis on audiences and box office revenue. We continue to plan cautiously against box office revenue while we rebuild audiences, a challenge reflected across the arts sector, although we have been pleased to see the return and continued support of our local audiences. We faced challenges in ticket sales for our Christmas show this year and continue to explore new opportunities to promote our work and reach new audiences. Our Christmas show in 2024 will offer a more commercial title, with a broad and established reach, and will receive additional subsidy and in-kind PR support to help its success. In line with this we will be reviewing ticket rates, and extending the run to maximise ticket income opportunity. We continue to see an increased need for our services, especially within our young and older adult communitie5. While we have had success in confirming small grants to underpin our creative engagement programmes, we have also faced challenges in providing stability and security for these programmes. As such we have committed to delivering our Youth Circus, for the full year ahead, with 33% funding required already secured as of I" April 2024. We are committed to ensuring that our work responds to local need and that we can scale up and/or adapt our offer if required. E. Review of Financial Position a. In the financial yearended 31 March 2024, Jacksons Lane recorded total income of £1,052,932 {2023: £1,465,767). Total expenditure of £1.277,443 {2023= £1,329,938). This resulted in an overall defictt for the year of £224,51112023 surplus: £135,829). b. Of this the restricted deficit was £213,12712023 surplus= £224,457). The previous year grant of £335,457 from the Arts Council England formed part of the Capital Development Fund. Our unrestricted funds decreased by £11.38412023: £88,628) to £434,63912023- £446,023) of which £80,00012023: £80,OIK)) is designated- this leaves general unrestricted funds at £354.63912023: £366,023) at the 31 March 2024. d. The total Funds attributed to Capital Development at 31 March 2024 was £4,293,405 {2023: £4,351,167}. General Reserrfes policy The Trustees have a formal documented Reserves Policy which seeks to protect staff and operation5 by retaining sufficient free and unrestricted funds to weather periods when, for example, working capital is under pressure or an unforeseen deficit or significant adverse event occurs. Jacksons Lane currently defines these funds a5 free cash, the availability of which safeguarded the organisation during the first months of the COVID 19 pandemic. Based on the 2024-2025 Forecast for fixed and semi-fixed marketing, operational and core costs, the Board's initial assessment is that General ReseNes should be maintained in a range between £200,000 and £400,000; at 31" March 2024 General Reserves were at £298.915. The cash reserve position will be kept under Scrutiny with the Trustees committed to maintaining 3 months of free cash based on pre pandemic operating costs to ensure the viability of the organisation. 17 Jackson's Lane {Limited by Guarantee) Trustees, report Going concern Beyond monitoring the financial performance and management for the immediate year through the monthly reporting cycle. the Trustees asse5S the financial wellbeing of the organi5ation by contributing to and reviewing the cashflow and budget. The Business Plan has been updated since the pandemic. The going concern status of the charity is a key focus of reporting for the Executive Director and Finance Committee who monitor actual and forecast cash flow and the robustness of the charity's income sources at monthly meetings: this is then reported on and discussed at each Trustees Meeting. We have successfully reduced the forecast unrestricted organisational deficit for 202312024 from a projection of -£83K to circa -£IIK (estimated). With the continued growth of the Hires and Private events programme, successful grant fundraising and a strong Artistic programme planned forthe year ahead we are forecasting a small organisational deficit of -£6K at the outcome for 202412025, with reserves forecast to remain within the required levels. We anticipate continued pressure on Arts Centres like ourselves forthe coming year/s but significant events such as ouranniversary year in 2025 provide an opportunity to platform our work and impact, connect with funders and supporters, and revisit our long term strategy to ensure it is fit for our future. Additionally Arts Council England have announced an opportunity to apply for a l year extension to our 3 year funding a5 part of our NPO status. This will ensure that we have both Arts Council and Haringey Council funding in place until 2027, enabling long term planning and projection, and a greater level of financial security. Plans for future We continue to work to our 4-year financial plan and business plan. with regular review by Trustees and Executive team. This year sees the completior) of our first year of Arts Council England regular funding as an NPO in this cycle, accompanied by the announcement of a much welcomed one year extension to this funding. Our renovated building continues to provide new commercial opportunities and growth for our Private Events and Hires strand, while our expanded Creative Engage￿ent programmes, supported by successful fundraising applications. have ensured that our work across Haringey and North London remains impactful and prominent, with multi-year funding securing the provision of a new Circus in Schools programme IHaringeyl and a new Youth Circus programme (Barnetl for the next 2 years. We are delighted to continue ourworkto improveenvironmental su5tainabilityand reduce ourcarbon footprint through the retrofit of ourtheatre lightingto LEDS. works supported by Haringey Community Carbon Fund, which will reduce expenditure and improve our theatre offer for professional and community performers. 18 Jackson's Lane (Limited by Guarantee) Trustees, report 2025 will see a year-long programme to mark our 50th anniVe￿ary, providing opportunities to fundraise on a larger scale to support our future plans. as well as connecting with audiences and participants past. present and future through a dynamic artistic and engagement programme. We have been awarded £200K funding by the Heritage Lottery Fund to support a large scale heritage and engagement programme which will platform the historic and current impact of Jacksons Lane across community, Circus, and the LGBTQ+ and Oisabled arts sectors. as well as small-scale capital works, further improvements to our theatre and the development of our archive. Additionally our artistic programme will feature artists who began their careeis at Jacksons Lane, returning to the stage, and the 10 year celebration of our artists residency programme, Transmission, including UK and international companies developing new work in our theatre and studios. A highlight of the year will be a celebratory weekend of free events and performances to commemorate the 50, anniversary of the very first performance at Jacksons Lane. Our international collaborations. including an expanded partnership with The Finnish Institute In the UK and Ireland, continues to support us to present the best of international circus and non-verbal work, including theatre suitable for families. Our commttment to presenting this work is cflicial from both an artistic and business perspective, with funding applications overseas helping to mitigate f inancial risk of international productions. We will continue to develop new partnerships over the next 3 years. Our Christma5 production for 2024 will be a circus retelling of the classic Moomins tale, Christmas Comes to Moomin Valley, in collaboration with Moomin Characters and The Finnish Ih Institute in the UK and Ireland. This production forms part of the 80 anniversary celebration5 forthe Moomins and provides an opportunity for us to present a larger-scale work, wTrth international appeal, to launch our own celebrations. We will continue to develop our Dutch partnership with prodiicers TENT. co-producing a new work MAT which will tour to Belgium and Holland with our support. Related parties and relationships with other organisations We are committed to working in partnership with other providers. This has been a significant strategic aim and we 3re now working with 36 different organisations to deliver our service5. Statement about Fundraising Practice Jacksons Lane has established a Fundraising Strategy which works alongside our Strategic and Operational Plans. Our fundraising strategy aims to address how we will achieve our Strategic Development target and the budgeted fundraised annual income. We are committed to diversifying our income. developing our seNices to new communities as well as expanding our area of benefit. Ethical fundraising We are committed to ethical fundraising, ensuring that we do not accept donations or support from companies who are in direct conflict with our aims. We have an ethical fundraising policy which is reviewed annually by the board. F. Statement of the Responsibilities of Trustees The trustees (who are also directors of Jacksons Lane for the purpose5 of company law} are responsible for preparing the trustee5' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 19 Jackson's Lane {Limited by Guarantee) Trustees, report Company law requires the trustees to prepare financial staternents for each financial year, which give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are required to.. Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities Statement of Recommended Practice SORP 2019 IFRS 102}. Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasor.able accurary at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsibl- for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. There is no relevant audit information of which the charitable company's auditors are unaware. The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor5 are aware of that information. The trustee5 are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 20?.4 w35 12 12023: 121. The trustees are members of the charity. but this entitles them only to voting right<. The trustees have no beneficial interest in the charity. Auditor Breckman and Company was re-appointed as the charitable company's auditor during the year and have expressed their willingness to continue in that capacity. Small Company Exemptions This report is prepared in accordance with the provisions of the Companies Act 2006 relating tts small companies. The trustees, annual report has been approved by the trustees on 18 September 2024 and signed on their behalf by David Porter Chair Independent Auditors. Report to the Members of Jackson's Lane Opinion We have audited the financial statements of Jacksons Lane Ithe 'charitable companwi for the year ended 31 March 2024 which comprise the Slatement of Financial Aclivilies, Ihe Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of signiticant accouniing policies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Uniled Kingdom Geneially Accepied Accounling Piactr'cei. In our opinion Ihe financial statemenls: give a true and fair view of the stale ol the charitable COmpan￿S affairs as at 31 March 2024, and of its incoming resources and applicatton of resources, including its income and expendilure, lor the year then have been properly prepared in accordance with Untted Kingdom Generally Accepted Accountino Practice: and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent ol the charitable company in accordance with the ethical requiremenls that are relevant to our audit of the fiiiancial slatemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibililies in accordance with Ihese requirements. We believe thal the audit evidence. we have obtained is suflicient and appropriate to provide a basis for our opinion. Conclusions relaling to going concern In audiling the financial statements, we have concluded that the trustees, use of the going concern t)asis of accounling in the preparalion of the financial statements is appropriate. Based on the woth we have performed, we have nol identified any material uncertainties relating to evenls or conditions Ihat, individually or collectively.. may casl significant doubt on the charitable company's ability lo continue as a going concern lor a period of at least twelve months Iiom when Ihe financial stateine:)ts are authorised for issue. Our responsibilities and the responsibilities of the Irustees with respect to going concern are described in the relevanl sections of this report. Other informalion The other inlormation comprises the information included in the trustees annual report. oth6ir than the financial statements and our audilor's report thereon. The trustees are responsible lor the other information contained within the annual report. Our opinion on the financial stalements does not cover the other informalion and, except to the exlent otherwise explicitly stated in our report: we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other informalion and, in doing so, consider whether the olher information is materially inconsistent with the financial stalements or our knowledge oblained in the course of the audit or olherwise appears lo be materially misstated. 11 we identi:y such material inconsislencies or apparent material misslatemenls, we are required to determine ￿llet17er this gives rise to a material misstatement in the linancial slatements themselves. If, based on the work we have pertormed. we conclude Ihat there is a material misstatement of Ihis olher inlormalion, we are '. eqJired to report thai fact. We have nothing io report in this regard. 21 Independent Audilors, Report to the Members of Jackson's Lane Opinions on other matters prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infoimalion given in the trustees. report lincorporaling the directors, reportl for Ihe financial year for which the financial slatements are prepared is consistent w¢th the financial statements,. and - the directors, report has been prepared in accordance with applicable legal requiremenls. Matters on which we are required to report by exception In the light of our knowledge and underslanding of the charitable company and its environment obtained in the course of the audit. we have not identrfied material misstatements in the directors. report. We have nolhing to report in respect of the following matters in relation to which the Companieq Act 2006 requires us to report to you if, in our opinion: adequate accounling records have not been kept. or returns adequate for our audit have not been received from branches not visited by us= or the financial slatemenls are nol in agreement with the accounting records and returns- or certain disclosures of directors, remuneration specified by law are not made" or we have not received all the information and explanalsons we require lor our audit- or Ihe trustees were nol entitled to prepare the financial statements in accordance with the small coTr,panies' regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a slrategic report. Responsibilities of Irustees As explained more fully in the trustees, responsibilities stalement set out on pages 19 and 20, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial staiemenls and for being satisfied thal they give a true and fair view, and lor such internal control as the truslees determine is necessary to enable the preparation of tinancial slatemenls Ihat are free from material misstalemenl, whether due to fraud or error. In preparing the financial statements, the truslees are responsible for assessing the charitable companls ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees eilher inlend to liquidate the charitable company or lo cease operations, or have no realislic alternative but lo do so. Auditor's responsibilities for the audit of the Ilnanclal slatements Our objectives are lo oblain reasonable assurance aboul whelher Ihe linancial statements as a wfiole are free Irom material misstatement, whether due to Iraud or error, and lo issue an audilor's report that includes our opinion_ Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detecl a material misstatement when it exisls. Misstatements can arise from fraud or error and are considered materiat if. individually or in the aggregate, they could reasonably be expecled lo influence the economic decisions of users taken on the basis ol these financial statemenls. 22 Independent Auditors. Report to the Members of Jackson's Lane Irregularities, including fraud, are instances of non-compliance with laws and regulalions. We design procedures in line with OL*r responsibilities, outlined above, to delect material misstatements in respect of irregularities: including Iraud. The extent to which our procedures are capable of detecting irregularilies. including Iraud is detailed below-. Our assessment focussed on key laws and regulations the charitable company has to comply wilh and areas of the financial statements we assessed as being more susceptible to misslalement. These key laws and regulations included but were nol limiied io compliance with the Companies Act 2006, Charities Act 2011 . laxation legislation: data protection and employment legislalion. We are not responsible for preventing irregularities. Our approach to detecting irregularities included, but was nol limited lo, the following.. obtaining an understanding of the legal and regulatory Iramework applicable to the chafitable company and how the charitable company is complying with that Iramework. including agreement ol financial statement disclosures to underlying documentalion and other evidence,. obtaining an understanding ol the charitable companys conlrol environment and how tne cb.aritable company has applied relevani control procedures. through discussions wilh Trustees and other management and by performing walkthrough testing over key areas" obtaining an understanding ol the charitable company's risk assessment process, including the risk of fraud., reviewing meeting minutes of those charged wtth governance throughout the year.. and performing audit tesling to address the risk of management override of controls, including testino journal enlries and other adjuslments for appropriateness, evaluating ihe business rationale of significant transactions outside Ihe normal course ol business and reviewing accounling estimales foi bias. Whilst considering how our audit work addressed the deteclion of irregularities, we also considered the likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult to detect than those arising from error. Because of the inherent limitations of an audit. there is a risk Ihat we will not detect all irregularities, including those leading io a material misstatement in the financial statements or non￿ C (n a) tts Jackson's Lane (Limited by Guaranlee) Year ended 31 March 2024 2024 2023 Income from donations and legacies Donations Donations Donated tacilities 18.340 19,840 17,419 19,840 38,180 37,259 Grants COVID-19 emergency funding ACE - NPO lunding LB Haringey - revenue lunding 132,136 110,003 132,134 110,000 242,139 242,134 280,319 279,393 01 the £280,319 {2023 - £279.3931 income received from donations and legacies, £243,139 (Q023 £242,134) was grants provided by public bodies. 27 Jackson's Lane (Limited by Guarantee) Year ended 31 March 2024 2024 2023 Income from charitable activities Grants Projecl specific funding ACE - Back lo our Future ACE - Large Capital Grants BBC Children in Need Channing School Chapman Charitable Trust Charcoal Blue Christmas Day donations City Bridge Trust Finnish Institute Foyle Foundation Foundation 4-22 George Michael Esiate Go Lon(lon Greater London Authority Homes lor Haringey John Lyon's Charity London Borough ol Haringey Morrisons Foundation Participation Icommunilyl misc Participalion Iyouthl misc The National Lottery CommunFty Fund W.G. Edwards Charitable Foundaiion 8.500 335,457 34,352 4,000 1,000 1,000 24.480 40,342 26.660 10,485 40,000 4.644 25,000 5,450 6,000 7,490 27,700 3,000 4.170 11,461 16,363 18,291 1,000 118,179 2,047 6.620 12,355 190,580 605,466 Project specific granls 01 £190.58012023 - £605,466) were received in the year which were re,stricted in their use. See note 17, page 42. 28 Jackson's Lane (Limiled by Guarantee) Year ended 31 March 2024 2024 2023 Operation of The Centre Room. sludio and regular hires Classes and courses Box office 220.967 79,009 148,830 238,304 7,141 201,646 448,806 447,091 In kind support Artists in Residence Classes and courses Christmas Day 19,757 9,538 11,592 21,399 13,120 30,142 40,887 64,661 489.693 511,752 Other operating income Cafe and bar Sundry 28,640 2.430 27,709 4,794 31.070 J2,503 520,763 44,255 Investment income Bank inlerest received 5,539 1,549 Other income Theatre Tax Relief 55.731 35,104 55.731 35,104 29 Jackson's Lane (Limited by Guaranlee) Year ended 31 March 2024 2024 2023 Expendilure on charitable activities Operation ot The Centre Direct cosls In kind support 814.037 40.887 870,942 64,661 854.924 393.639 935,603 372,362 Support costs - page 31 1.248.563 1,307,965 Other operaling expendilure Support costs - page 31 Governance costs - page 31 394 17,062 121 13,735 17,456 13,856 1,266.019 1 .321 .821 Of £1.266,019 12023 - £1,321,821) expenditure on charitable activities, £201,975 {2023 - £181,942) was expendilure ol restricted fund grants. See note 17 {page 42). 30 Jackson's Lane (Limited by Guardntee) Year ended 31 March 2024 2024 2023 Support and governance costs Support costs Operation of The Centre Other operating costs - finance 393.639 394 372,362 121 394,033 372,483 Governance cosls Professionalltinancial Legallprofessional Accountancylother 8,462 1.100 7,500 5.235 500 8,000 17.062 13.735 31 Jackson's Lane (Limiled by Guarantee) Balance Sheet 31 March 2024 2024 2023 Notes Flxed assets Tangible assels 4,293,405 4,352,500 Current assels Stocks Debtors Cash at bank and in hand 10 11 247 184.630 756,480 126,626 623,142 749.768 941,357 Liabilities Creditors.. amounts lalling due within one year 12 {288,2951 {266,1891 Net current assets 461,473 675,168 Total assets less current liabilities 4,754,878 5 027,668 CreditOTS: afflounts falling due after more than one year 13 163,897) 1112,1761 Net asset8 4.690,981 4 015,492 The funds of the charity Unreslricted funds General fund Designated funds 16 354.639 80,000 306,023 80.000 434,639 446,023 Restricted funds 17 4,256,342 4,469,469 Total charity funds 4.690,981 4,915,492 These accounts are prepared in accordance with the special provisions of Part 15 of the Companips Act relaling to small companies and constitute the annual accounls required by the Companies Ac, 2006 and are for circulation to members of the company. The accounls were approved by the Board of Trustees on and signed on its behalf by David Porter Chair of Truslees Reene Deba Trustee The notes on pages 34 to 44 form an integral part of Ihese financial slatements. 32 Jackson's Lane (Limited by Guarantee) Cash Flow Slatement for the year ended 31 March 2024 2024 2023 Notes Cash Ilows from operatlng activities 52.590 357,250 Cash flows trom investing activities: Dividends, interest and rents from investments Purchase of property, plant and equipment Net cash provided by investmenl activities 5,539 {146.475} 1,549 {67,4551 {140,936) 165,9061 Repayments of borrowing Nel cash provided by Ilnancing aclivilies 144,992} 132.8321 144,9921 132,8321 Change in cash at bank and in hand in the rew)rting peri(A Cash at bank and in hand at the beginning ol the reportÉng period {133,338) 258,512 756.480 497,968 Cash at bank and in hand at the end of the reporling pertod 623.142 756,480 33 Jackson's Lane (Limiled by Guarantee) Notes lo the Financial Statements for Ihe year ended 31 March 2024 Accounting policies Basis of preparing the tinancial statements The financial stalements have been prepared in accordance with Accounting and Reporting by Charities.. Siatement of Recommended Practice (issued October 20191 applicable to charities preparing their accounts in accordance wtth Ihe Financial Reporting Slandafd applicable in ihe UK and Republic of Ireland IFRS 1021 leffective 1 January 20191 (Charities SORP {FRS 10211, and the Companies Act 2006. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy nolels). 1.2. Preparation of Ihe accounts on a going concern basis. The charitable company is dependent on the continued support ol grant aiding bodies. The Irustees believe that the company will continue to receive Ihis support and accordingly consider thal it is appropriate to prepare the financial slatemenls on the going concern basis. 1.3. Fund accounting Funds held by the charitable company are either: Unreslricted general funds these are funds which can be used in accordance wilh the cherilable objects at the discretion of the trustees. Designated funds - these are unrestricted funds of the charity which the trustees have decided at their discretion to set aside lo use for a specrfic purpose. Restricted funds these are funds that can only be used lor particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanats'on of the nature and purpose of each fund is included in the notes to the linancial slatements. 34 Jackson's Lane (Limiled by Guarantee) Notes to the Flnancial Statemenls for the year ended 31 March 2024 1.4. Incomlng resources All incoming resources are included in the Statement of Financial Aclivities when: the Gharilable company is legally entitled to the fLJnds - any performance conditions attached to the income have been met or are tully wilhin Ihe control of the charity there is sufficient certainty that receipt of the income is considered probable the amount can be reliably measured Donations and legacies Grantsldonations are recognised in incoming resources in the year in which they are receivable. except as follows.. when donors specify Ihat grantsldonations given lo the charity must be used in future accounting periods, the income is deferred until those periods when donors impose conditions which have to be fulfilled belore the chariiy becomes entitled lo use such income, the income is deferred and not induded in incoming resources until the preconditions for use are met. Charitable activities Earned income income from box office, hires, operation of the centre and sundry olher operational income is included in incoming resources in the period in which the relevanl activity takes place. Project specific funding when donors specily that donations and grants are for particular restricted purposes, which do not amounl to pre-conditions regarding entillement, this income is included in incoming resources of restricled funds when receivable. Donated services and facililies Donated services Of lacilities are recognised as income when the charitable company has control over the item. any conditions associated with the donated item have been mel, the receipt of economic benefii from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis ol the value of the gift to the charity which is the amount the charity would have been willing io pay to obtain services or facilities ol equivalent economic benefit on the open market; a corresponding amount is then recognised in expendrture in the period of receipt. Investment income Interest on funds held on deposit is included vthen receivable and the amount can be measured reliably by the charitable company,. this is normally upon tFOtilication of the interest paid or payable by the Bank. 35 Jackson's Lane (Llmiled by Guarantee) Notes lo the Financial Statements lor the year ended 31 March 2024 1.5. Expenditure All expendilure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when: there is a legal or constructive obligation to make a payment it is probable that settlement will be required the amount ol the obligation can be measured reliabty Costs of raising lunds Costs incuired in attracting donations, and those incurred in trading activities that raise funds. Charitable activities Operation of Ihe Centre and olher direct costs - costs incurred in the provision of a commun ty centre and regional arts and arts education resource. - Support costs The administrative and overhead costs associated with running the office from which the charitable company operates as well as governance cosls. Support costs have been allocated to activities on a basis consislent with use of resources. - Governance costs Costs associated with the constitutional and statulory requirements of the charitable company. 1.6. Pensions The charitable company operates a defined contribution scheme for the benefit of ils employees where contributions payable are reccy3nised as expenditure when due. 1.7. Tangible fixed assets and depreciation Individual fixed assets costing £1,000 or more are capilalised at cost. Depreciation is provided al annual rates calculated to write off the cosl less residual Value of each assel over tts expected useful lite, as tollows.. Fixtureslfittingslequipment Property development costs 20 % - 33°/o on cost Straight line over Ihe lrfe of the lease 1.8. Slock Slock is included at the lower of cost or net realisable value. Donated items of stock are rec'Janised on receipi at fair vdue which is the amount the charity would have been willing to pay for the items on Ihe open market 1.9. Debtors Trade and other debtors are recognised at the settlement amount due after any tradp. discount offered. Prepayments are valued at the amount prepaid after taking accounl of any trade discounts due. 36 Jackson's Lane (Limited by Guarantee) Notes to Ihe Financial Stalements for the year ended 31 March 2024 1.10. Cash al bank and in hand Cash at bank and in hand includes cash and short term highly liquid investmenis with a short maturity of three months or less from the date of acquisition or opening of the dewsit 01 similar account. 1.11. Credilors and provisions Creditors and provisions are recognised where the charitable company has a present obligation resulting from a pasl event thal wll probably resull in the iransler of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normalty recognised at their seltlement amount after allowing lor any trade discounts dije. 1.12. Financtal Instrumenls The charitable company only has financiai assets and financial liabilities of a kind that qualify as basic financial instrLtments. Basic financial instruments are initially recognised at transaction value, and subsequenlly measured al their settlement value. 1.13. Significant Accounting Eslimates and Judgements In detefmining the carrying amounls ol certain assets and liabilities, the charitable company makes assumplions of the eflects of uncertain future events on those assels and liabililies al the b.Ilance sheel date. The charitable company's estimales and assumptions are based on historical experience and expectation of future events and are reviewed annually. Incoming resources The total incoming resources lor the year have been derived Irom the principal activity uri.deilaken wholly in the UK. Interest payable 2024 2023 On loansloverdrafts 9.605 8,117 Net incomel(expendilure) for Ihe year is stated after charging: 2024 2023 Deprecialion of tangible lixed assels Bank interest payable Audilors, remuneralion external audit external audit underaccrual from previous year other services 205,570 9,605 199,861 8.117 7.500 7,500 500 500 1.100 37 Jackson's Lane (Limited by Guarantee) Notes to Ihe Flnancial Statements foi the year ended 31 March 2024 Trustees, emoluments and reimbursed expenses Trustees Adrian Berry and Hannah Cox were remunerated in the year as follows for their roles as Artistic Director and Execulive Director.. 2024 Artistic Director Salary Artistic Director Pension Executive Director Salary Execulive Director Pension 51,000 1.530 51,000 1.530 The aggregaled amouni reimbursed to Trustees during the year was £nil12023 - £nill. Staff costs and numbers 2024 2023 Stalf costs Salaries and wages Social security Costs Pension costs 509.477 35,373 11.324 519,458 36.534 10,235 556,174 J66.227 No employee earned £60:000 or more during the year (2023 - nil}. The key management personnel of Ihe charitable company comprise the Trustees and thL, Senior Management Team. The lotal employee benefits of the key managemeni personnel of the cha¥ity were £105,060 (2023: £103.674). Staff numbers The average numbers ol employees (including casual and part time staff I during the year ￿'aS made up as follows= 2024 Number 2023 Number Operation of the Centre 42 43 38 Jackson's Lane (Limited by Guarantee) Notes to the Financial Statements for the year ended 31 March 2024 Pension costs The charitable company operates a defined contribution pension scheme in respect of its employees. The scheme and its assets are held by independent managers. The pension charge represents contribulions due from the charitable company and amounted to £11,32412023 - £10,235). Corporatlon taxation The charitable company is exempi trom tax on income and gains falling within section 50fi of the Taxes Act 1988 or section 252 of the Taxalion of Chargeable Gains Acl 1992 to Ihe extenl that these are applied to ils charitable objects. Fixed assets - tangible assets Property development costs Fixturesl fittingsl equipment Total Cost 1 April 2023 Addilions 4.565,468 146,475 89,855 4,655,323 146,475 31 March 2024 4.711,943 89,855 4,801,798 Depreclation l April 2023 Charge for year 214,301 204.237 88.522 1,333 302,823 205,570 31 March 2024 418.538 89,855 508,393 Net book values 31 March 2024 4.293,405 4,293,405 31 March 2023 4.351,167 1,333 4,352,500 There is a fixed charge on Ihe property persuant to the capital funding agreement wilh Art Council England. 10. Stocks 2024 2023 Stocks 247 39 Jackson's Lane (Llmiled by Guarantee) Notes lo the Financial Slatemenls tor Ihe year ended 31 March 2024 11. Debtors 2024 2023 Trade deblors Other debtors Prepayments and accrued income 51,332 7.242 68.052 25,205 1.219 158,206 126.626 184,630 12. Creditors: amounts lalling due within one year 2024 2023 CBILS loan Trade creditors Other taxalionlsocial security Other creditors Accruals Deferred income {note 14) 48,279 28,227 33,463 45,634 13,419 119,273 44,992 57,351 13,543 52,393 8,407 89,503 288,295 266.189 13. Creditors: amounts falling due after more than one year 2024 2023 CBILS loan 63,897 112,176 14. Deferred income Balance at 1 April 2023 89,503 Amount released to incoming resources Amount deferred in the year Balance at 31 March 2024 189,5031 119,273 119,273 Deferred income relates to grants and oiher income from charitable activities received in advance. 40 Jackson's Lane (Limited by Guardntee) Noles lo the Financial Ststements for the year ended 31 March 2024 15. Limited by guaranlee The charitable company is limited by guaranlee and does not have a share capital. Each rriember gives a guarantee to contribule a sum, nol exceeding £1, to the charltable company should it be wound up. At 31 March 2024 Ihere were 12 members. 16. Unrestricled funds Broughl lorward Incoming resources Outgoing resources Translers Carried forward General fund Designated funds: Capital development Impact Assessment Building repairs/maintenance Hire liability 366,023 862,352 11.075.468) 201,732 354,639 15.000 30,000 10,000 15.000 30,000 10,000 25,000 25,000 446,023 862,352 11.075,468? 201,732 434,639 Capilal developmenl A fund that was set aside in order to meet fulure cosls relaling to the renovation of the Iheatre building. Impact Assessment Provision of an economic impacl study to show Ihe impact of Jacksons Lane on the surrounding economy. This is a repeat of the 2013 sludy which has proved invaluable for demonstrating value. Building repairslmaintenance Funding lo cover repairs to areas not UKKlated by the capital development programme. Hire liability Provision lor lialylity arising from no longer being able to honour hires contracts that have been moved due to the pandemic. 41 Jackson's Lane (Limited by Guarantee) Notes to the Financial Ststemenls for Ihe year ended 31 March 2024 17. Restricted funds Brought forward Incoming resources Outgoing resources Translers Carrled forward Development fund Creative Learning Christmas Lunch Finnish Programme Older Adults Programme 4,439,413 30,033 23 (201,7321 4,237,681 1,929 11,480 127,435 31.660 10.485 21,000 {155,5391 {20.203) (10,485) 115,7481 5,252 4,469,469 190,580 1201,9751 1201,732} 4,256,342 Development lund This fund consists of grants and donations received specifically for Ihe purchase of fixed assets. The funds will be transferred to the general tund over the expected useful life of the assets once the project is complete. The balance at 31 March 2024 is attribulable to.. Pro[￿ty development costs 4,237,681 Creative Learning A lund for monies to support the costs parlicipation. community and education activities with young people, women and older adults, principally projects like JL Circus. Christmas Lunch Funds to support the Christmas Day event at Jacksons Lane pioviding a meal. entertainment and gifts lor older adults who would otherwise be alone. Finnish Programme To support showcasing Finnish circus artists and prcductions wilhin the Artistic programme. Older Adults Programme To support the cosls of older adults creative programmes including Social Lunch, Reading group and Circus with Friends. 42 Jackson's Lane (Limiled by Guarantee) Noles io the Financial Statemenls lor Ihe year ended 31 March 2024 18. Analysis of net assets between funds General funds Deslgnated lunds Restricted lunds Total Fund balances at 31 March 2024 are represented by.. Tangible fixed assets Net current assets Long term (liabilities) 55.724 362,812 163,897) 4,237.681 18,661 4,￿3,405 461,473 (63,8971 80,000 354.639 80.000 4.256,342 4:69C,981 19. Financial commitmenls At 31 March 2024 the company had future minimum lease payments under non-cancellabl? operating leases, with payments falling due as follows: 2024 2023 Due: Within one year Between one and five years In over five years 23,000 92,000 382,241 23,000 92,000 405,241 497,241 I'20,241 20. Capital commitmenls As at 31 March 2024 and wilh regards to the conlinuing redevelopment of Jacksons Lane supported by Arts Council England and London Borough ol Haringey lunding, Ihere were capital commitments contracted but not provided for in Ihe financial statements of £30:000 subject to fulfillmenl by conlractors. 21. Related party Iransactlons During the year Ihe charilable company had no further related party transactions that required disclosure, other than those already disclosed in note 5. 43 Jackson's Lane (Limited by Guarantee) Noles lo the Ftnancial Ststements for the year ended 31 March 2024 22. Analysis of changes in net funds Opening balance Cash flows Other changes Closing balance Cash at bank and in hand 756,480 (133,338) 623,142 Debt due within one year Debt due after one year 144,992) (112,176) 44,992 148,2791 48,279 j48,2791 {63,897) 1157,168} 44.992 1112,176} Net funds 599,312 {88:346} 510,966 23. Reconciltation of net Incomel{expendilure) to nel cashflow trom operatlng actlvilies 2024 2023 Net incomellexpenditure) for the reporting period las per the statement of financial activities) Depreciation Dividends, interest and rents from investments Decrease in stocks Decrease in debtors (Decrease) in crediiors 1224.511) 35.829 205,570 15,5391 247 58.004 18,819 199,861 11,5491 69 90.131 {ti7,0911 Net cash inflow from operating activities 52,590 3f.7,250 Appendix The following page is for information only and does not lorm part of the financial statements 45 Jackson's Lane {Llmited by Guarantee) Year ended 31 March 2024 2024 2023 Charitable activities ¢osls analysis Production costs Opening stock Stalf and salary costs Freelance fees Social security costs Slalf pension scheme cosls Theatre and creative learning Cafe and bar hire costs Bar costs of sale Advertising and marketing Irrecoverable VAT 247 509.477 19.830 35,373 11,324 164,728 24.024 6.151 41,314 1,816 519,458 255 36,534 10,235 232,496 35.108 5.167 30,712 977 814,284 870,942 Cosl equivalent of support In klnd In kind support - Artists in residence In kind support - Classes and courses In kind supporl - Christmas Day 19,757 9.538 11,592 21.399 13,120 30,142 40,887 64,661 855,171 Support and governance costs Operation of The Cenlre Stall Iraining Staff welfare Staff recruitment Travelltransport Office consumables Subscriptionsllicences Renvrates equivalent ol donated facilities Premises expenses Insurance Sundries Depreciation ot fixtures/fittings/equipment 5,247 1.634 2,545 564 16.943 130) 19,840 137,322 3.282 475 205,570 16,008 546 19.840 121,403 4,375 10,329 199.861 393,392 ?72.362 Finance Bank charges 394 121 394 121 Governance costs Legal,'professional Accountancylother Audit 393,786 372,483 8,462 1,100 7.500 5,235 500 8,000 17,062 13,735 1.266.019 1,321 ,821 46