Registered number: 07034118 Charity number: 1141921 THE PRINT ROOM THEATRE (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) CONTENTS Page Reference and Admlnlstratlve Detalls of the Charlty, Its Trustees and Advlsers Trustees. Report Independent Audltors. Report on the Flnanclal Ststements ststement of Financial Activitigs 2-12 13-17 Balance Sheet 19 ststement of Cash Flows 20 Notes to the Financial Ststements 21-34
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees M Gilligan M A Fisher J Quinn W T Winters, Chairman A Winters L Bernhardt Company registered number 07034118 Charity registered number 1141921 Registered office 1 st Floor Arthur Stanley House 40-50 Tottenh8m Street London W1T4RN Principal operating office 103 Notting Hill Gate London W11 3LB Independent auditors Goodman Jones LLP Chartered Accountants 1 st Floor Arthur Stanley House 40-50 Tottenham Street London W1T4RN Page 1
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees present their annual report together with the audited financial stslements of the Charity for the 1 October 2023 10 30 September 2024. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffecb.ve 1 January 20191. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (strat1¢ Report and Directors, Reporti Regulations 2013 has been omitted. The Charity also trades under the names Coronet Theatre. Objectives and activities a. Aims and objectives The Charity's mission Is lo advance the arts for the public benefit by the promotion in particular, bul not exclusively, of the art of drama, dance, performance art and poetry. The Print Room Is an art house, producing an eclectic programme of UK and Intemational artists, work, creating a powerful and exciting programme, unlike any other theatre in London. In setting objectives and planning for activities, the Trustees have given due consideration to general guidan published by the Charity Commission relating to public benefit. b. Activities for achieving objectives The objective of the charity is to advance the arts for the public benefit by the promotion in particular, bul not exclusively, of the art of drama, dance, performance art and poetry. The charity's mission is to stage exciting undiscovered pieces by great writers, and to provide opportunities for emerging and tslenled artists from all fields. The Print Room produces and presents exciting work by artists from around the worfd, working across media and genre. The powerful programme of artistic productions, performances, exhibitions, concerts, workshops and other participatory events create surprising experiences for local and travelling audiences. The charity aims to make ils work accessible to the widest possible audience and looks to remove barriers to attendance through a range of initiatives Including discounted tickets for students, artists, schools and local audiences as well a5 disabled people and older patrons. The charity provides professional development for young and emerging artists, creative and stsff teams al the theatre and in workshops in off-site locations. We have continued to develop relationships with a number of local schools and reached out to schools in neighbouring boroughs, inviting them to see performances at reduced or no cost. Page 2
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance a. Achievements Over the year we have staged a variety of shows from plays, poetry, dance, Art Exhibitions and music. Achievements. We staged the world premiere of The Belt, specially designed for the theatre space as an audience immersive dance piece by the celebrated Korean dance group Ambiguous. We hosted a Taiwanese festival which Induded dance, music and art installations by the renowned Taiwanese artist Cheng-Tsung Feng. We presented artists and artistic companies from all over Europe and Asia. We hosted 10,062 attendances for the year. This was slightly down compared the previous year. which was 12,670 attendances. The reason for the difference was that we did a higher number of shorter projects therefore the number of instan$ were lower. This was in an effort to continuously manage travel and accommodation cost. b. Outreach We continued our association with local schools and we were pleased that so many came lo see Chilen.. We also hosted the French Lycee, RADA and Norland Place School on our main stage for their own end of year productions. Page 3
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance lcontinuedl c. Productions 2023-24 Las Alegria5 (The Joys) by Paula Quintana 27- 28 Oct 2023 Internationally renowned contemporary and flamenco dancer and choreographer Paula Quintsna brought her award-winning solo dance piece Las Alegrias (The Joys) to The Coronet Theatre for ils UK premiere. Performed on a body of water, this multidisciplinary spectacle drew on the works of feminist writer and activist Roy Galan, culminating in a celebration of the creative, feminine and mysterious powers of joy. Luigia Riva & Daniele Derossi: A Triple Bill 10-11 Nov2023 Acclaimed ltslian dancer and choreographer Luigia Riva presented a triple bill of perf0mlan art spanning both our theatre and studio spaces. In her debut al The Coronet Theatre, she presented Incorporelol and Inrelita, established ple$ created in collaboration with writer and biologist Daniele Derossi, and Involo, a new work which premiered at the Coronet Theatre, choreographed for dancer Nina Khokham. Inrelita featured an additional eight amateur male performers who volunteered to tske part in the show following a creative call out on our mailing list and social media channels. Father Politics by Company MEK 23- 24 Nov 2023 'Combining powerful, skilful solos with the Gonntrated energy of perfectly synchronized group elements, the company unmasks patterns ofpolilical thought with virtuoso dan., BZ Basel The UK premiere of an explosive political dance piece from acclaimed hip-hop and contemporary dance collecb.ve Company MEK. Performed by a mullinalional, diverse ensemble, Father Politics unmasks the polarisation of politics, and the manipulation of truth in the media to influenTr younger generations. This energetic dan pieTr explores the feeling of powerlessness from a personal perspective. Father Politics was accompanied by a workshop led by Company MEK for advancedlprofessional level dancers. Then or Now by Ballet Black 01 Dec 2023 Ballet Black celebrated the end of their 2023 Pioneers season with a 'made for film, screening of Then Or Now. Then or Now is a powerful classical ballet sel against the backdrop of Adrienne Rich's poetry and accompanied by violin. William Tuckett's 'spellbinding' ???? (The Guardian) choreography explores the joys of submitting lo the freedom of guilt through a series of movements. The Coronet Theatre Jazz Festival 2023 7-9Dec2023 BBC Jazz Innovation award-winner Byron Wallen returned lo The Coronet Theatre to curate a sensational festival of jazz. Page 4
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance lcontinuedl The Coronet Theatre Jazz Festival began each night with a screening of Tom Parsons, film Revelations In Small Steps, with two bands playing after the film every night, including Josephine Davies. Trinity Laban's Big Band. Byron Wallen. Zoe Rahman, Indigo and Jas Kayser. Rethinking Co-Existence by T.H.E Dance Company 9- 10 Feb 2024 °T.H.E Dance Company continues to transfomi, evolve and respond to disruption of the current times and sensibilities Istephanie Burridge, The Straits Times) T.H.E Dance Company returned to The Coronet, following 2022's sold-out production Phenoumenon, with a triple bill of UK premieres. Present, Pure and Un-form Investigate existence, the complexities and tensions of social interactions, and identity, both as artists and as individuals. Featuring pieces by Kuik Swee Boon and one by resident choreographer Kim Jae Duk, expect an evening of beautiful, electric, heart-pounding dance. GOOD-BYE by Chilen Theatre Company 5-9Mar2024 One of Japan's foremost experimental theatre companies presented GOOD-B YE, based on the 1949 work of popular Japanese novelist, Osamu Dazai, (No Longer Human), and a collage of his later works. Sel in a bar, accompanied live by the Japanese rock band Kukangendai, where everyone gels increasingly drunk, the piece addressed the struggle to identify what it was, and now is, to be Japanese. GOOD-BYE was accompanied by a post-show talk and a workshop led by Chiten Theatre'5 Artistic Director Motoi Miura. Tacit Group & Gazaebal 22- 23 Mar 2024 Immersive audio-visual pioneers Tacit Group and their co-founder Gazaebal presented special concerts, Unlreadable Sound and Tacit.performlBesll showcasing their spectscular synthesis of sound and visual art. The concerts were accompanied by an exclusive workshop exploring the process behind Tacit Group's mu51C. The Taiwan Festival 12-27 Apr2024 Over 16 days, The Taiwan Festival presented more than 30 contemporary visual artists, theatre makers, dancers and musicians from Taiwan, most of whom never before seen In the UK, exploring Taiwanese Identity, post- colonial history. politic5, lust and desire. Each perfomiance was surrounded by free events, including an immersive VR experience and an exhibition from one of Taiwan's leading installation artists, invib.ng audiences to soak up the experience of Taiwan's artisb"c landscape.. World and UK premieres Included.. A major site-specific bamboo Installation by stellar Taiwanese artist Cheng-Tsung Feng, encasing the Coronet Theatre's historical fapde. Riverbed Theatre's Immersive VR experien All That Remains, alongside the wodd premiere of tsking It down and pulling il up, a poetic meditation on the work of Marcel Duchamp. Page 5
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance lcontinuedl Reflecting the astonishing cultural ioumey of this country, extraordinary pieces from leading collectives Anarchy Dance Company and Hung Dance Introduced Taiwan's booming contemporary dan scene to the UK. The London premiere of Chou Kuan-Jou's playfully provocative Edinburgh Festival hit Tomato. Two inlimale performances from acclaimed multidisciplinary music artist Yujun Wang, who launched her new album Dawn lo Dawn. The festival also Included workshops from Cheng-Tsung Feng and Chou Kuan-Jou. Good Luck. Cathrine Frost! by Cathrine Frost Presented by Del Andre Teatret, Norway 10- 11 May2024 °Frost makes the audience both laugh and cry'_ A-magasinet. A comedy about childbirth, public health and philosophy. Calhrine Frost was a nurse, then an improviser, then she became a mother. Good Luck, Cathrine Frosll is the story of her experience. Blending humour and honesty, Calhrine breaks down our view of the profound change in the life of the person who becomes the mother and how we relate to the universal, existential act of being bom. Jean-michel Bernard: Piano Cinema & Jean-Mi¢hel Bernard plays Lalo Schifrin 16- 17 May2024 Acclaimed film composer and pianist Jean-michel Bernard retumed to the Coronet Theatre after composing the score for 2016's ballet TERRA with an intimate COnrt of film music from his acclaimed albums Piano Cinema 1 and 2 as well as a tribute to Lalo Schifrin. During the concerts he was joined by special guests Fukiko Takase and Noah Francis Johnson. Mister Poppy: Jelly by Andrew Poppy 1 Jun 2024 Composer, musician, vocalist and record producer Andrew Poppy's vast portfolio has seen scores for theatre, opera, film, contemporary dance and art Inslallalions. His latest project, Jelly, a beautifully challenging and Intensely-detsiled spoken and sung solo performance, sees him adopt his Mister Poppy persona. L'Amore Del Cuore (Heart's Desire) by lacasadargilla 13- 15Jun2024 A hilarious and touching Italian adaptation of one of Caryl Churchill's most revolutionary plays. This adaptation, from awlaimed Italian theatre maker Lisa Ferlazzo Natoli and company lacasadaryilla. employed movement, the Italian tradition of Commedia del'Arte, and Churchill's text lo push the limits of language. "Amazing. A work of infinite and fascinating restarts, rewinds and still images (Rodolfo Di Giammarcol The performance was accompanied by a post-show talk with professor Paola Bono, Italy's leading expert curator of Caryl Churchill's works and theatre critic Alessandro lachino. The Beckett Trilogy by Gare St Lazare Ireland 20-22 Jun 2024 Page 6
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance lcontinuedl °The unparalleled Beckett champions... (New York Times) Gare St Lazare Ireland returned to The Coronet Theatre with their acclaimed Beckett Trilogy. The company's precise and elegant work makes Beckett accessible to all, highlighting the humour and humanity in his writing. The three novels, Molloy, Malone Dies & The Unnamable, written at the same lime as Wailing for Godol. made up what the writer considered his Important work Acclaimed actor Conor Lovell and award-winning director Judy Hegaty Lovett gave powerful life to the essence of each of these novels in a production estsblishing them as the leading exponents of Beckett's work. Due to exceptional demand, standing tickets were added to each performance. The Belt byAmbiguous Dance Company 10-14Sep2024 The Coronet Theatre's first ever site-specific event. The Belt was an extraordinary immersive journey from the industrial revolub.on to the technological revolution, guided by Korea's leading dan company. The Coronet Theatre's first immersive event look audiences down the candlelit hallways of one of London's most atmospheric theatres, where Ambiguous Dance Company's superb dancers inhabited hidden backstsge areas, dressing rooms, allics and the glorious rooftop cupola. Korea's leading dance company Combined hip-hop, ballet and acrobatics in playful, pulsating dance, bringing the energy of the new Korea to a stunningly restored icon of the Victorian era. The evening culminated in a brand-new high octsne full-lenglh pieTr on The Coronet's main stage. RADA LAB WORKS from RADA'S MA Theatre Lab The Coronet Theatre and RADA'S partnership continued throughout 2023 and 2024 with workshops, scratch nights, and a series of original 'lheatre-shorts', enabling artistic development, public visibility, and new networking opportunities for emerging artists. RADA Scratch Night.. 31 Ocl 2023 RADA Scratch Night.. 16 Mar 2024 RADA LAB WORKS 17- 20 Jul 2024 Page 7
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achievements and performance lcontinuedl d. Poetry Events Poetry Club at the Print Room Our popular series of contemporary poetry readings continued throughout the year.. Poets included'.Don Paterson, Nick Laird, Yang Lian and Yoyo, Daljit Nagra. Matthew Hollis. Mona Arshi. Lemn Sissay. David Harsent. Kit Fan, Mary Jean Chan. Charlotte Shevchenko Knight, Imtiaz Dharker. Sasha Dugdale and Camille Ralphs. Dead Poets Live The Dead Poets Live series, in partnership with the TS Elliot Foundation, presents staged readings of work by famous dead poets, undertaken by very well-known actors. The 202>24 series included.. Sylvia Plath 17- 18 Nov2023 Featuring Denise Gough. Autumn Journal 3 Dec 2023 Featuring Eanna Hardwicke The Haunler 19 May 2024 Featuring Toby Jones, Lesley Sharp and Rosie Sheehy. e. Coronet Speclal Events In addition to the main programming, there were also a number of special events throughout the season, induding.. Tattooist Doy 9 Oct 2023 Selected as one of the wodd's top five tattooists by The Guardian, Tattooist Doy performed a Korean style live tattoo on stsge, accompanied by music, with the performance projected on screen. The evening also featured a Q&A chaired by Fiona Bae, author of Make Break Remix.. The Rise of K-style The Book of Liquids by Irene Santori 16 Nov 2023 An evening of poetry from one of ltsly's most acclaimed poets accompanied by a live electronic score In our atmospheric and intimate studio. Book Launch.. Ram Gopal 14 May 2024 An evening of dance, music and conversation lo launch Ann R David's book on Indian dancer Ram Gopal.. Ram Gopal. Interweaving Histories of Indian Dance (Bloomsburyl. Financial review Page 8
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 a. Golng concem The charity receives loans and donations from certain trustees to provide it with sufficient funds lo enable il to continue as a going concern. The charity has reiVed assurances that such funding will continue to be made available for a period of at least 12 months from the dale of signing the balance sheet. As a result, the Iruslees consider it lo be appropriate to prepare the accounts on a going concern basis. b. Flnanclal revlew By 30th September 2024 the charity celebrated its 1 Oth anniversary in ils new premises, The Coronet al 103 Notting Hill Gale The Theatre grossed £241,332 in ticket sales, almost identical to the previous year. At 30th September the Theatre balance sheet showed a surplus of £10,718. However the unrestricted funds are in deficit of £9,220. During the current financial year, il was identified that a loan was incorrectly written off in the prior year, this has been corrected by restating the comparative figures for the prior year, which has lead the funds to be in deficit, for the prior periods. The Trustees have reviewed the circumstances leading to this error and have implemented additional controls lo prevent such occurrences in the future. c. Fundralslng The fixed costs of the charity and any shortfall on productions have been and will continue to be funded by donations. Challenges lo be addressed next year, include cultivating the new prospects identified and converting them into supporters. Related to this is the need to develop the community outreach scheme for the theatre, which will enable us to make our case for support more compelling and hence convert prospects into supporters, as well as approach new trusts for funding. The theatre relies on the support of ils Chairman, Mr William Winters lo make up any shortfall. d. Reserves pollcy The Charity aims to maintain unrestricted and uncommitted funds equal lo beeen three and four months of overheads and salaries and lo provide financial cover for contingent situations such as shortfalls in box office or fundraising under achievement. Restricted funding is held for use on specific projects as per the agreement with individual funders. As mentioned above the total reserves this year are in a surplus of £10,718, due lo the restatement the prior year reseNes are now also in deficit at £28,335. This has been brought lo the trustees attention and will be a priority lo replenish the reserves in the coming years. Page 9
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structure, governance and management a. Constitution The Charity is a charity limited by guarantee governed by ils Memorandum and Articles of Association. It was registered as a charity with the Charity Commission on 16 May 2011. b. Method of appoint or election of trustees Trustees are recruited with the aim of securing a broad range of skills and experience In the service and development of the Charitys objects. c. Policies adopted for the induction and training of Trustees Trustees receive an induction to the work of the Charity and are encouraged to undertake training where gaps in knowledge and experience are Identified and in order to maintsin collective expertise in good governan. d. Remuneration policy for key management All staff salaries are set with reference to industry standards of remuneration, regularly benchmarked against peer organisations. Perfonning and creative personnel salaries are sel with reference to the Independent Theatre Council's Ethical Management standards. Oryanisational structure and decision making The board of 6 Iruslees approve all strategic and financial decisions. They delegate the day-to-day leadership of the Charity lo Anda Winters- Artistic Director and CEO who works with a senior team on the management of the Charity. During the year we created a new role of Buildings and Products Co-ordinater. We continued to employ the casual roles of Duty Manager, Front of House and Box Office Stsff on a rolling ba51S, SUPPOrted by our Voluntary Ushering Staff programme. We continued lo engage a part-time Poetry Co- ordinalor lo advise and manage the programming of the poetry events. Sharon Kean acts as our Press Representative for the company. Board structure.. The trustees I directors for the period of this report were. the Chairman Bill Winters, Artisb"c Director Anda Winters. Linda Bernhardt, Mimi Gilligan, Mike Fisher and Jane Quinn. f. Relationship with Coronet Ondine LLP The Theatre operates from 103 Notting Hill Gale, London W11 3LB. The building from which il operates is owned by Coronet Ondine LLP. The ownerslpartners of Coronet Ondine LLP are Mr and Mrs W. Winters who are also Trustees of the Theatre. Rent and a Servi charges are now being charged by Coronet Ondine LLP, in line with the agreement dated 1 st of October 2019. Page 10
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structure, governance and management Icontinuedl g. Key risks and risk management The trustees examine major risks to the organisalion as a standing item al their quarterfy meeting, during which they Confirm the systems that are in pla lo manage these risks. This is a dynamic assessment updated quartedy. Three areas are considered lo be of most significant risk.. Box Office Income". there is risk of under-performance al the box office with productions not meeting their income targets. Fundraising.. the charity needs lo raise funds lo subsidise its aclivilies, and the Iruslees monitor progress of fundraising against realistic targets. The charity benefits from generous individual donations and corporate sponsorship. Future developments Business planning is led by the Chief ExecutivelArtislic Director and the board with the senior staff team. Annual budgets are developed and approved by the board including a clear projection of income and expenditure. The charity is in the prOsS of updating its financial systems and prosseS lo ensure that it can carry out ils planned programme and deliver its obligations effectively. The artistic programme is sel by the Chief ExeculivelArtislic Director working 12-18 months in advan. Currently planned productions include a Taiwanese festival, which will showcase diverse talent from one of Asia's less known dynamic cultures statement of Trustees. responsibilities The Trustees Iwho are also directors of The Print Room Theatre for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and UK Accounting Stsndards. Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Charity and of ils incoming resources and application of resources, including ils income and expenditure, 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 of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial stslemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufFicienl to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial stslemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page11
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Disclosure of infomiation to auditors Each of the persons who are Trustees al the time when this Trustees. Report is approved has confirmed that.. so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any levant audit informab'on and to establish that the charity's auditors a aware of that information. Auditors The auditors, Goodman Jones LLP, have indicated their willingness lo continue in office. The designated Trustees will propose a motion re8PFX)inting the auditors at a meeting of the Trustees. Approved by order of the members of the board of Trustees and signed on their behalf by.. Dale". 30-07-25 h(LiA* r. (th"thys Page 12
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRINT ROOM THEATRE Oplnlon We have audited the financial ststemenls of The Print Room Theatre Ithe 'charily'l for the year ended 30 September 2024 which comprise the Slalement of Financial Aclivilies, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practi1. In our opinion the financial statements.. give a true and fair view of the stale of the charitable company's affairs as al 30 September 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended., have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act2011. Basis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concorn In auditing the financial slalements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going concern for a period of al least e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wth respect lo going COnM are described in the relevant sections of this report. Page 13
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRINT ROOM THEATRE ICONTINUED} Other Informatlon The other information comprises the information included in the Annual Report other than the financial statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent otheNise explicitly ststed in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlon on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial stslemenls are prepared is consistent with the financial ststements. the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the charitable company and its environment obtsined in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion". 8dequ8te accounting records have not been kept, or retums adequate for our audit have not been ceived from branches not visited by us", or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantsge of the small companies. exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic ReF)Ort. Page 14
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRINT ROOM THEATRE ICONTINUED} Responslbllltles of trustees As explained more fully in the Trustees, Responsibilities Statement, the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is neSSary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial ststemenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Page 15
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRINT ROOM THEATRE ICONTINUED} Audltors. responslbllltles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslatemenl, whether due to fraud or error, and lo issue an Auditors, 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 IUKI will always detect a material misststemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial ststemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misststemenls in respect of irregularities, including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is detsiled below.. Based on our understanding of the charity and sector, we identified that the principal risks of non-compliance with laws and regulations related lo sector regulations and unethical and prohibited business practices, and we considered the extent to which non-compliance might have a material effect on the financial ststemenls. We also considered those laws and regulations that have a direct impact on the preparation of the financial ststemenls such as the Companies Act 2006, Charities Act 2011, Charity Commission and sector regulations, and UK Tax Legislation. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of conlrolsl. Appropriate audit procedures in response lo these risks were carried out. These procedures included.. Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud., Reading minutes of meetings of those charged with governance., Obtaining and reading correspondence from legal and regulatory bodies including HMRC", Identifying and lesling journal entries, Challenging assumptions and judgements made by management in their significant accounting estimates. We also communicated relevant identified laws and regulations and potential fraud risks to 811 engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The are inherent limitations in the audit procedu$ described above and the further removed non-compli8nce with laws and regulations is from the events and transactions reflected in the financial stalemenls, the less likely we would become awa of it. Also, the risk of not detecting a materi81 misstatement due lo fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate eoncealmenl by, for example, forgery or intentional MispresentatiOns, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website al. www.frc.or .uk18uditorsres onsibilities. This description forms part of our Auditors, Report. Other matters The comp8ralive information presented in these financial statements was not subject lo audit. Page 16
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE PRINT ROOM THEATRE ICONTINUED} Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those matters we are required lo stale lo them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. SUI Julian Flitter (Senior Statutory Audltorl for and on behalf of Goodman Jones LLP Chartered Accountants 1 st Floor Arthur Stanley House 40-50 Tottenham Street London W1T4RN Dale.. 31-07-25 Page 17
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 30 SEPTEMBER 2024 Total funds 2023 - as restated Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Note Income from: Donations and legacies Charitsble activities Investments 715,997 241,332 550 118,126 834,123 241,332 550 884,898 270,293 312 Total income 957,879 118,126 1,076,005 7,155,503 Expenditure on: Raising funds Charitable activities 2,806 916,020 2,806 1,034, 146 1,863 1, 161, 757 118,126 Total expenditure 918,826 118,126 1,036,952 1, 163,614 Net movement in funds 39,053 39,053 (8,711) Reeoneiliation of funds.. Total funds brought forward Nel movement in funds 148,2731 39,053 19,938 128,3351 39,053 f20,224) (8,711) Total funds carried forward 19,2201 19,938 10,718 (28,335) The notes on pages 21 to 34 form part of these financial statements. Page 18
THE PRINT ROOM THEATRE IA Company Limited by Guarantee} REGISTERED NUMBER.. 07034118 BALANCE SHEET AS AT 30 SEPTEMBER 2024 2023 - as restated 2024 Note Tangible assets 11,809 18.558 11,809 78,558 Current assets Debtors Cash al bank and in hand 10 43,827 57,073 15,273 95,928 100,900 111,20f Creditors.. amounts falling due within one year 1101,9911 (758,094) Net current liabilities 11,0911 (46,893) Total net assets 10,718 (28,335) Charity funds Reslricled funds Unrestricted funds 12 12 19,938 19,2201 19,938 (48,273) Total funds 10,718 (28,335) The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo accounting records and preparation of financi31 statements. The financial slalemenls have been prepared in accordan with the provisions applicable to enlilies subject lo the small companies regime. an Is were approved and authorised for issue by the Trustees and signed on their behalf by.. Dale.. 30-07-25 w11M Wlnl*s The notes on pages 21 to 34 form part of these financial statements. Page 19
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2023 - as restated 2024 Cash flovts from operating activities Nel cash used in operating activities 139,0931 76,079 Cash flovts from investing activities Dividends, interests and rents from investments 238 312 Net cash provlded by Investlng actlvltles 238 312 Change in eash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 138,8551 95,928 16,391 79,537 Cash and cash equlvalents at the end ofthe year 57,073 95,928 The notes on pages 21 to 34 form part of these financial statements Page 20
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles 1.1 Basis of preparation of financial statements The financial slalements have been prepared in accordan with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Print Room Theatre 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 slated in the relevant accounting policy. The financial statements are prepared in sterling, the fvnclional currency of the Charity, and rounded to the nearest £. 1.2 Company status The Charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the Charity being wound up, the liability In respect of the guarantee is limited to £10 per member of the Charity. 1.3 Going concern The Charity is reliant upon loans and donations from one Iruslee lo provide it with sufficient funds to enable il lo continue as a going concern. The Charity has reiVed assurances that such funding will continue lo be available for a period of al least 12 months from the dale of signing the balance sheet. The Trustees therefore believe it is appropriate lo prepare the accounts on a going conrn basis. 1.4 Fund accounting General funds are unreslricled funds which are available for use al the discretion of the Trustees in furtheran of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are fvnds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund Is set out In the notes lo the financial statements. Investment income, gains and losses are allocated to the appropriate fvnd. 1.5 Income All income is recognised once the Charity has entillemenl lo the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Ticket sales are recognised in the period in which the associated perf0mlan takes pla. Other income is recognised in the period in which il is receivable and lo the extent the goods have been provided or on completion of the servi. Page 21
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Icontlnuedl 1.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributsble to a single activity are allocated directly lo that activity. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and ststulory requirements. Expenditure on charitable activities is incurred on direcuy undertaking the activities which further the Charity's objectives, as well as any associated support costs. Costs of generating funds are costs incurred in attracts'ng voluntary income, and those incurred in trading activities that raise funds. Charitable activities and G0Veman costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities. All reSoUrS expended are inclusive of irrecoverable VAT. 1.7 Interest recelvable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity., this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 1.8 Tanglble flxed assets and depreclatlon Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straighl-line method. Depreciation is provided on the following basis.. Fixtures and fillings 20010 Slraighl Line 1.9 Debtors Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Page 22
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Icontlnuedl 1.10 Pensions The Charity operates a defi'ned contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. 1.11 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.12 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balan Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the amount il has received as advanced payments for the goods or setvices it musl provide. Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. 1.13 Flnanclal Instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Income from donatlons and legacles Unreslricled funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Donations 715,997 118,126 834,123 884,898 Total 2023 834,635 50,263 884,898 Page 23
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Incomlng resources from charltable actlvltles Unrestricted funds 2024 Total funds 2024 Total funds 2023 Theatrical Activities 241,332 241,332 270,293 Total 2023 270,293 270,293 Investmgnt income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Bank interest received 550 550 312 Total 2023 312 372 Expendlture on ralslng funds Costs of ralslng voluntary Income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fundraising fees 2,806 2,806 1,863 Total 2023 1,863 1,863 Page 24
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Analysls of expendlture by actlvltles Acb'vilies undertaken direcuy 2024 Total funds 2023 - as restated Support costs 2024 Total funds 2024 Theatrical Activities 779,018 255, 128 1,034,146 1, 161, 751 Total 2023 908, 124 253,627 1,161,751 Analysis of dirgct costs Total funds 2023 - as restated Theatrical Activities 2024 Total funds 2024 Wages and salaries Production costs Matkeling Consultancy Production wages 362,444 233,110 98,925 25,350 59,189 362,444 233,110 98,925 25,350 59,189 380,203 254, 702 177,585 35, 850 119,784 779,018 779,018 908, 724 Total 2023 908, 124 908, 124 Page 25
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Analysls of expendlture by actlvltles Icontlnuedl Analysls of support costs Theatrical Activities 2024 Total funds 2024 Total funds 2023 Depreciab'on Rent Premises costs Legal & professional Other costs 6,749 50,400 84,464 26,807 86,708 6,749 50,400 84,464 26,807 86,708 5,062 50.400 82,385 33,536 82,244 255,128 255,128 253,62T Tol812023 253,62T 253,627 During the year ended 30 September 2024, the Charity incurred Governance costs of £10,000 12023 £10,000) included within the table above in respect of audit fees in 2024. The auditors, remuneration amounts lo an auditor fee of £10,000 12023 - £10,000). staff costs 2024 2023 Wages and salaries Social security costs Other pension costs 332,961 21,871 7,612 347, 162 25,297 7, 744 362,444 380,203 The average number of persons employed by the Charity during the year was as follows.. 2024 No. 2023 No. Management Performance 11 13 Page 26
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Staff costs {contlnued} The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2024 No. 2023 No. In the band £60,001- £70,000 The total employment benefits provided to key management personnel of the Charity was £60,08312023 - £58,094) Trustees. remuneration and expenses During the year, no Trustees reiVed any remuneration or other benefits (2023- £NIL). During the year ended 30 September 2024, no Trustee expenses have been incurred (2023 - £NIL). Page 27
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Tanglble flxed assets Fixtures and fittings Cost or valuation At 1 October 2023 33,744 At 30 September 2024 33,744 Depreciation At 1 October 2023 Charge for the year 15,186 6,749 At 30 September 2024 21,935 Net book value At 30 September2024 11,809 At 30 September2023 78,558 10. Debtors 2024 2023 Due within ong ygar Trade debtors 1,060 308 Other debtors 43,827 Prepayments and accrued income 13,905 43,827 15,273 Page 28
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 11. Credltors: Amounts falllng due wlthln one year 2023 - as resl8ted 2024 Trade creditors Other laxalion and social security Other creditors Accruals and deferred income 50,301 18,506 15,102 18,082 54,112 27,205 65,867 10.910 101,991 158,094 Page 29
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. Statement of funds Statement of funds - current year Balance at 1 October 2023- as restated Balance at 30 September 2024 Income Expenditure Unrestricted funds General Funds - all funds 148,2731 957,879 1918,8261 19,2201 Restricted funds Renovation T.S. Elliot Foundation 19,938 19,938 3,000 870 13,0001 18701 11,0001 18501 13,0001 12,0381 Austrian Cultural Forum Inslitulo Cervantes Daniele Derossi 1,000 850 Swiss Cultural - MEK Kullur LX Spain, Sociedad Mercanlil Estatsl de Accion Cultural SA Taipei Representative Office Italian Institute 3,000 2,038 464 73,000 1,000 27,685 4,219 1,000 14641 173,0001 11,0001 127,6851 14,2191 11,0001 Arts Council Goethe Institute British Korean Society 19,938 118,126 1118,1261 19,938 Total of funds 128,3351 1,076,005 11,036,952) 10,718 Page 30
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. Statement of funds (contlnuedl Statement of funds - prlor year Balan at 30 September 2023 - as restated Balance al l October As restated As restated 2022 Income Expendilurg Unrestricted funds General Funds - all funds {40,474J 1, 105,240 (1, 113,039) (48,273) Restricted funds Renovation T.S. Elliot Foundation Norweigan Embassy Dutch Embassy Swedish Embassy Italian Institute 19,938 312 79,938 3,000 5,856 3.868 (3,312J (5,856) (3,868) (482) {800J (31,318) (750) (4, 189J 482 800 Korean Arts 31,318 750 Piano Fund Sasakawa 4,789 20,250 50,263 (50,575) 19,938 Total of funds (20,224) 1, 155.503 (1, 763,614) (28.335) Page 31
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. Statement of funds (contlnuedl The restricted funds this year related to.. T.S. Elliot Foundation grant towards readers fees in relation to poetry events al the Theatre. Austrian Cultural Forum - Inslituto Cervantes- Daniele Derossi - Swiss Cultural MEK- Kultur LX- Spain, Sociedad Mercantil Eslatsl de Accion Cultural SA- Taipei Representative Offi. - ltslian Institute- Contribution lo the running costs of the Italian Literary Festival. Arts Council - Goethe Insilute- British Korean Society- The restricted funds in the prior year related lo.. T.S. Elliot Foundation grant towards readers fees in relation to poetry events al the Theatre. Norwegian Embassy- Contribution to the running costs of our Norwegian Programme. Dutch Embassy- Contribution lo the running costs of Duda Paiva. Swedish Embassy- Contribution lo the running costs of Dance of Death. ltslian Institute- Contribution lo the running costs of the Italian Literary Festival. Korean Arts- Contribution lo the international costs of the Korean Festival 2024. Piano Fund - Contribution lo the hire of a Steinway piano. Sasakawa - Contribution to the running costs of Kentaro. 13. Analysls of net assets between funds Analysls of net assets between funds - current perlod Unrestricted funds 2024 Reslricled funds 2024 Total funds 2024 Tangible fixed assets Current assets 11,809 80,962 1101,9911 11,809 100,900 1101,9911 19,938 Creditors due within one year Totsl 19,2201 19,938 10,718 Page 32
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 14. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles 2023 - as resl8ted 2024 Nel incomelexpenditure for the period las per Statement of Financi81 Ackn'vitiesl 39,053 (8,111) Adjustments for: Depreciation charges Dividends, interests and rents from investments Increase In debtors Decrease in creditors 6,749 12381 128,5541 156,1031 5,062 (312) (15) 79,455 Net cash provlded byllused Inl operatlng actlvltles 139,0931 16,079 15. Anatysis of cash and Cash equivalents 2024 2023 Cash in hand 57,073 95,928 Total cash and cash equlvalents 57,073 95,928 16. Analysis of changes in net debt A130 Interest September Re1vable 2024 At 1 October 2023 Cash flows Cash at bank and in hand 95,928 139,4051 550 57,073 95,928 139,4051 550 57,073 Page 33
THE PRINT ROOM THEATRE IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 17. Penslon commltments The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity lo the fund and amounted to £7,612 12023 £7,386>. Contributions totalling £1,63912023 £3,195) were payable to the fund at the balance sheet date and are included in creditors. 18. Related party transactlons During the year, the Charity received donations tolalling £600,00012023.' £780,000) from trustees. At the balance sheet date, an amount tolalling £3,75012023'. £3,750 was owed by the Charity) was owed by the Charity to Coronet Ondine LLP, a partnership of trustees A and W T Winters, and is included within other creditors due within one year. The Charity occupies premises at The Coronet in Notting Hill. The propety is owned by Coronet Ondine LLP, a Limited Liability Partnership of which A and W T Winters, trustees of the Charity, are the members. Coronet Ondine LLP charged the charity an amount of £134,28212023.' £131,560) in the year for rent and service charge. 19. Prlor year adjustment The Charity has restated its comparative figures to bring back a trustee loan that was paid off in the current year bul was written off in the previous year. The impact of this adjustment is that unrestricted expenditure in the prior year has increased by £50,000 and therefore unreslricled reserves carried forward in the prior year have decreased by £50,000. Page 34