Company No. 7032543 Charliy No. 1143709 Omnibus- Clapham (Limited by guarantee) Trustees'/Dlrectors' report and flnancial statements For the year ended 31 March 2024
Omnibus- Clapham (Llmlted by guarantee) Contents For the year ended 31 March 2024 Page Reference and administrative details Chair's report Trustees, report 3-15 Independent examiner'5 report 16 Statement of financial activities 17-18 Balance sheet 19 Statement of cash flow 20 Notes to the accounts 21-32
Omnibus- Clapham (Limited by guaronteej Reference and administrative information For the year ended 31 March 2024 Charlty number 1143709 Company number 7032543 Registered office I Clapham Common Northside London SW40QW Dlrectors and trustees: The dlrectors of the charltable company are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees who served during the period from l April 2023 and to the date this report was signed were: Trustees George Owen MBE (Honorary President) The Rt Hon Fiona Margaret Mactaggart (Chalr) Linda Ann Bray Scphie Helen Curtis (resigned 27 September 20231 Keith John Richard Parker (resigned 22 May 2024) Nadia Stephens (resigned 27 September 2023) Diana Whitehead Genevieve Gilbert Geor8es Chalfoun Simon Mark Millson Esha Khanna (resigned 22 May 20241 Simcn Jones Iresigned 22 May 2024) Michael Dynan-oakley (appointed 27 September 2023) Colleen Harris (appointed 24 July 20241 Company secretary Keith John Richard Parker (resigned 24 May 2024) Artistic director Marie Geraldine Mccarthy Independent examiner A J Dosani Peel House, 34-44 London Road, Morden SM4 5BT Bank TSB Bank Triodos 2ank UK Shawbrook Bank
Omnlbu5- Clapham (Limited by guarantee) Chalrfs report For the year ended 31 March 2024 Did the bold actr'vists who campaigned to keep Clapham Library as a resource for their community believe that ten years later there would be an innovative theatre and creative learning centre thriving in that building? l am sure they hoped so. This report shows that this ambition has been achieved and sets out how Omnibus ha5 worked throughout the year, providing wonderful festivals of theatre, developing new writers, mounting acclaimed work, offering an affordable café often with free music, and providing food and creat(ve experiences to dlsadvantaged children. It hasn't been easy, and the achievement belongs to our artistic director Marie Mccarthy who is ably sUPPOrted by executive director Bridget Kalloushi. As well as supporting a team of new recruits and ne8otratin8 a settlement with our landlords Larnbeth Council they have m3intained an artistic vision which has ensured that Omnibus tells the storles that aren't found elsewhere. Marie ha5 welcomed a diverse range of performers and writer5 and ha5 ensured that they are supported to develop their ideas and skllls. This year has been one in whSch the generous support that Omnibus provldes to artlsts at the start of thelr careers has grown, through En8ine Room, writers, workshops and dramaturgical support. I belleve that some of those who early in their careers benefitted from these pro8rarnmes will be stars of the future. l am grateful for the Support of the board which, as well a5 offerin8 good sense at meeting5, has included building advice, drafting applications to funders, and inviting members of the Royal family to visit. l am also very grateful to the star5 whose "in conversation" events have helped to fund our WDrk. There is still much to do. Our building needs better soundproofing and a5 a result we need to move the lavatories, In an era cf squeezed fi'nances, we need to find new sources of funds because we are comrnitted to making the shows we offer affordable to as wide an audience as p055ible. But Omnibus theatre 5tr'11 has the optimism and determination that a decade ago turned an empty library on the brink of becoming just another resldentral converslon to which the local community had no access into the thriving centre of learning and creativlty It IS today, Rt Hon Fiona Mactaggart Chair 25 September 2024
Omnibus- Clapham (limlted by guarantee) Trustees, report For the year ended 31 March 2024 The trustee5, who are also director5 for the purposes of company law, present their report and the financial statements for the year ending 31 March 2024. The company is a registered ch?rity, re8lStered number 1143709, limited by guarantee. The company is incorporated under the Companies Act 2006 and is governed by its Articles and Memorandum of Association dateé 28 September 2009. Company number 7032543 STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The company was formed on 28 September 2009. The company's principal activity is to advance the arts for the public benef it by the promotion in particular, but not exclusively, of the art of drama. The company wa5 ¥e8lStered as a charity on 8 September 2011 On 5 July 2011 the companv changed its name to Omnibus-clapham, The company was established ur)der a Memorandum of Association which established the o bjects a nd powers of the com pany and is governed under its Articles of Association, In the event of the Company bein8 wound up, members are required to contribute an amount not exceeding £10 each. New tru5tee5 and organlsatlonal structure New Trustees are nominated by individual Trustees and the Artistic Dlrector. 8efo re new Trustees are appointed the Board determines what attributes and knowledge are needed to insure a diverse and wide range of skillsto support the work of the charity, New Trustees are approved and elected by the Trustees at their re8ular meetin8s. New rrusrees receive a n induction briefing on the activities of the Charity. The Trustees are responsible for the strategic é irection a nd policy making of the charity In setting objectives and plan ning for activities, the Trustees have given due consideration to general guidance published by the charity commlsslon relatingto public benefit, Kèy management and personnel comprise the Trustees, the Artistic Director, Marie Mccarthy and the Executive Director, Bridget Kalloushi, The day-to-day responsibility for the activities of the Charity is u ndertaken by the Artistic Director and the Executive Director. The board has met 6 times during the period ofthis report. There are also two sub-committees: the building sub-committee and the fundraising sub-committee, 08JEcfivESI M155ION STATEMENT A home of storytellln8 Om nibus Theatre is a home of storytelling - a small place to encounter bi8 ideas. We are driven by the legacy of our former library building to tell stories, fa m iliar and unknown, in South London and beyond. Our mission is to create theatre that has the power to inspire audiences, to chan£e minds and to bring people together. Our values Omnibus Theatre nurtures emerging artists a nd celebrates unheard voices and believes that equality nd kindness should be at the centre of our practice. We aim to creatively connect with our local community a nd share our skills to em power, co-create a nd give voice to the voiceless
SUMMARY OVERVIEW FOR YEAR ENDING 31 MARCH 2024 Slnce our last annual report in March 2023, like many art5 Qrganisations, we are still steadily rebuilding from the impact of the pandemic which continues to affect opportunities forfundin8. We aTe pleased to report that 96% of all companies who are pro8rammed at Omnibus Theatre recelve fundingfrom Arts Council En8land; however, this mean5 they must build in longer lead intimes to allow for multiple submissions. Audience's booking habits have not returned to pre pandemic patterns and continue to avoid buyin8 their tickets in advance, However, we continue to develop, maintaining an alert, responsive, and dynamic approach and would like to thank everyone involved for their patience, generosity. and hard work, Omnibus Theatre has o strong history of sta9in9 challenglng, irnportont work It's o spoce thot rorely mounrs srondord stage wnrk and (TIwuy5 presents work that's interesting. It providés o generous plotlormfor new writer5. Reviews Hub As we enter our IO, year, Omnibus Theatre continues to establlsh itself by being ambitious, resilient, responsive, and supportin8 our local a nd artistic community. We have concentrated on the following aims., l. To platform artistic excellence 2. To deepen our anlstic suppon 3. To nurture connectionswithin our communitv This year, we welcomed outstandlng national and international theatre makers- Proteu$Theatre, Phizzic?I Productions and celebrated the return of Chlna Plate wlth Chris Thorpe's A Family Busine55. Their presence not on ly enrichecj our progra m but a Iso hlghlighted our commitment to showcasing high-quality and diverse performances. We attracted funding to support. our Company in Residence Moongate Productions and expanded our artist support programme Engine Room. This year, 52 theatre makers participated in Englne Room, receiving: 624 hours of rehearsal space. 43 hours of dramaturgica15u pport. 51 hour5 of technical support, 34 hours of marketlng support and the opportunityto present woik-in-development to alive audience. We 8enerated 85% of our own income through hires, box office, Café Bar sales. space hire and project funding. Lambeth is the 4, poorest borough in London. Our learning and participation programmes address food insecurity, social isolation and commun ity d isconnect. Routes: our theatre holiday programme f or under-lls eligible tor pupil premiu m. Since the f irst lockdown in Lambeth, there has been a 137% increase in residents using food banks and Routes has engaged 120 children and provided 1,200 free meals in 2023124. On February 21" 2024, Omnibus Theatre had the great honour of welcoming HRH The Duke of Edinburgh. During his visit, the Duke was introduced to the diverse and impactful work of the theatre. Thi5 included meeting the talented last of 10 NIGHTS. who were performing in the maln space, and learning about the rich h istory of the buildin8's tra nsf ormation f rom its former life a5 a library. The Duke, also enjoyed music by the Battersea Jazz Collective, witnessed performance5 by local Lambeth schoo15 IQRA and Heathbrooke, and viewed the vibrant Havana photography exhibition. Add itionally, the Duke was introduced to the creative work cf elders from the Story Circle, a group dedicated to creative writing. The visit concluded with the unveiling of a commemorative plague on the historic frontage of the bui Iding, marking the occasion.
REVIEW OF ACTIVITIES AND ACHIEVEMENTS Theatre This report covers the activities of the theatre from April 2023 to March 2024 la5piring change through storytelling is the d riving force behind everything we strive to accomplish. We a re com m itted to creating meaningful opportunities that telebrate Ehe vibrant diver51ty of our culture, inviting the community we serve to engage with thought-provoking, affordable, and impactful performances. We firmly believe in the transformative power of theatre how bold, inclusive narratives can begin on our stage a nd resonate deeply withln the comm unity. Guided by ourcore values of equality and compassion, we are dedicated to nurturing emerging talent and bringing forward the voices and stories that often go unheard. Our artistic programme is deeply rooted in the development of original works, classics reimagined, and fe5tiva15 platform in8 work that amplify underrepresented voices who are eager to challenge 50cietal norms a nd perceptions. To date, we have produced fifteen critically acclaimed productions, ancl our sUPPOrt extends beyond Ihe 5tdge. We provide mentorship and essential resources to both emersing and establlshed artists. especially those from m3rgin31ized backErounds. Our Engine Room programme is a cornerstone of our commitment to fostering new ta lent, offering f ree rehearsal space, technical and marketing SUPPOrt, and expert dramatur8ical 8uldance to theatre creatOTS workin8 on new project5. Through 36 co-productions, we have empowered artists who mi8ht not have had the means to brlng their vislons to life by offering comprehensive support in fundraising, production, ma rketln£, ahd public relations. We are determined to continue build ing on this ethos of generosity and collaboration, solidifying Omnibus Theatre as a vital incubator for early-career creatlves and champlon of diversity and inclusion. In response to the rising cost of livin8, we are more committed than ever to maklng theatre acce55ible to all. Our goal Is to keep ticket prices under £18 and increase the availability of free evEnt5, to foster a stron8 sense of community and ensure that widest possible pool of people can experience the power of theatre, regardle55 of thei r financia I circumstances. The success of the 23-24 season'5 program e5tab115hed a rhythm that we have carried into the next year, helping us bu ild a strong audience base both locally and across London, The 2023-2024 season launched with a dynarnic blend of phy51cal theatre and ensemtjle performances that resonated stronEly with a vibrant aud ience, attracting 96% of attendees within the 20-45 age range. The celebration of LGBT+ History Month was a significant success, drawin8 in 48% of our audience and participant5 from the LG8TQIA+ community, showcasing our commitment to inclusivity and representation. This was followed with our I nternational Women's Day season in March whtch further expanded our reach, engaging an audience spanning ages 20 to 60+. Thls season culminated in the highly anticipated performance of The Womon Who Turnedinto a Tree by Lisa LanÉseth, a renowned Netflix writer. This event not only drew significant corporate pa rtnerships but also featured a Gala event that successfully supported workshops aimed at assisting artists in managing mental health challenge5. After successfully filling an unexpected threÈ-week gap SupernDVU a VAULT Orlglns Award Nominee 2023 received three OFFIE nomination5 and glowing review5 includirig five stars from The Reviews Hub, Lost in Theatreland and 4 5tar5 from The Observer. * "clever, witty and heartbreaking" The Reviews Hub, ***"winning cherni5tr¢'_ L05t in Theatreland. Four festivals launched summer- the ninth 96 Festlvul, with a renewed media partnership with DIVA magazine: the newly introduced AIFestivol, returning for the sixth year Out af The Wings and a twenty-show programme of Edinburgh Preview5. The building operated at full capacity, utilizing all its performance spaces to host up to four shows each night, creating a vibra nt and bustling atmosphere.
The autumn season featured our annual in-house production, Composltor Ei published by Methuen, and celebratin8 the 400th anniversary of the First Fol io. The legacy of th 15 production was further amplified by a successful Heritage LDttery funding application. which ena bled u5 to de liver workshop5 to secondary schools and colle8ES and host a yearlonE exhibition. Composltor E also garnered a nomination for Best Director. Align ing perfectly with ou r Ioth-a nniversary celebration, this milestone was marked by the return of Blll Nlghy In Conversatlon with Mirando 5awyer, an event that 501d out in just two days ané was live-streamed from our Café Bar. Two critically acclaimed and OFFIE nominated productions. InvlslbleAnimol and Tigertook us through autumn to the festive lineup which included Ju¢k and The Beans Talk, seven Steps Biq Band, and Murder Bollud, an online digltal Advent Calendar featurin8 an Agatha Chrlstle Christmas spoof. 2024 began on a high note with a new development of our art15t support programme, ENGINE ROOM.. Next Page, a two-week series of 5cript-in-hand rehearsèd readings, whith achleved an imprpsslve 89% Box Off ice capacity. This succe55 Set the stage for the rest of the season, with standout performances such as REMYTHED, with audiences at 95% capacity, OFFIE nominated, 10 NIGHTS, drawing in 72% of attendees, and JO BRAND IN CONVERSA TION, which 501d 91% of available tickets. We were thrilled to host renowned companies.. Proteus with their production of Indestructible, Phizzical Productions with 10 Nights, and celebrated the retu rn of China Plate with the thought- provokin8 A Pamily Bu5ine55. A5 we approached the conclusion of this period, SCARLETSUNDA Y, continued to garner critical acclalm with conslstent 4 and 5-star reviews, Iflnd the quality of droma very highfor G smoll local theatre that l assume often gives new writers and performers o chance, l enjoy being a part ol that and the opportunity to experiment a bit outside my usualchoices of enrertalnmenr. P05t show survey Englne RDOM Our Artist Development proEramme has f lourished within during the past year, Increasing the quantity and qijality of work approaching the venue and further embedding the literary department in our aim to strengthen our profile within the landscape of London venues. This program me is reco8nisably empowerinB artists and f ostering creativlty a nd has been gaining a strong industry reputation for its commitment to artist support. From 2023- 2024, we received 56 unsoli¢ited script subm issions with aud ience attendance consistently 3 bove 65% capacity. Notablv, we attracted more established artists who were eager to test their work with us. We expanded our offer to include,. Wednesday Chats.. 15-minute Zoom sessions with our Art15tic Director to break down barriers between artists and venues. This in itiative was featured in The Stage, Omni Write: Writing sessions designed for early-career writers. Omni Hustle.. A taster course in producing for emerging writers. Engine Room: Next Page: Rehearsed reading5 showcasing both new and established writers. our dramaturg WOTked on several projects, includin8 Compositor E. Tiger and Ice at the End olthe Worldscheduled for Autumn 2024. The first Engine Room: Next Page in January 2024 was a resounding success, with 19 rehearsed readinBS featuring 72 artlsts Thi5 initiative strengthened our position as 3 key player in the development of new plays, drawing attention from not4ble institutions such as Soho Theatre and Donmar Warehouse. Now branded as the Next Poge Season, it will return in January 2025. Developing pla ns include wrap around events for participant5 of the season as well as aud iences, including workshops led by Dan Rebellato.
Supportlng Wrlters and Producers The Omni-wright course, born out of feedback from Wednesduy ChgtSJ provided new writers with essential skills in playwriting over an 8-week pèriod. This pilot program was well-re.ceived, and we pla n to roll it out three time5 a nnually, ensurin8 that more writers have acces5 to effordable, hiEh- quality training. This course is o reol testament to Omnibus ond Som's work there. It offers o consistent, playful space to learn ond write in whichfee15 50 rore right now. Ifeel like I hove not only learnt tons and cht7nged my writingfor the better, but l a150 hGve (I relationship Gna lovefor the theotre ofterspending time there ond gaining insightsfrom you. Thank youl Similarly, the Omni-Hustle course addressed a gap in knowledge for artlsts unsure olthelr next step5 after completing thelr education. While the course w05 successful, we have decided not to continue it due to scheduling challenges. Instead, we have im plemented elements of the learning f rom this course wlthin the Omni-wrlght course due to our understanding that new writers need a basic understanding of producing their own work. Engine Room remains committed to nurturing creatlvlty and supporting artlsts at all stages of their careers. Our effortsto secure addltlonal funding will ensure that WE can sustain and expand our programmin81 offering even more opportunitie5 for artists to grow and succeed. Festivals Fesrivals allow us ro make far more mpanin8ful corTiieiti0115 Wlth artists as we work together to create powerful, coherent programming and a platform for social impact work, ensurlng that our collaborations have long-term impact through after show and post-show workshops and discusslons. We contlnue to showcase artlsts frorn the LGBTQl+ communitvj elevatin8 queer voices with LGBT+ History Month and the '96 Festlval, our annual celebration of queerness and theatre. Seven shows, one three run, plus post show q & a's attracted 982 audience members, The seventh Out of the WlnBs festiva I highliBhting work in translation from Latin American, Spanish, and Portuguese writers allowed us to showcase global artists and draw attention to previouslv unheard voices. Alongside this, we have supported work exploring the legacies of colonialism, prod uctions presentin8 cr055-cultural pan-Af riGan encounters a nd shows explorin8 the UK'S Current im migration policy, priorif isin8 a space f or global majority a rtists a né creatives Omnibus has been able to provide a home for the festival, both helping it grow annually and keep è connection wlth their audiences as it becomes a regular within our prograrnme. MUSIC Our music programmlng contlnued to bulld wlth Sunday Lunch TSme Jazz, growing from a bi- monthly f ixture in the Cafe Bar to Jazz every Sunday lunch time gatherin8 a loyal audience from the local area. Post-5how Live Music: Fridays once a month, curaled by Ta liba h. offefed a vibrant close to ourtheatre evenings which finished the year a confirmed a monthly residency forAutumn from GW jazz. The Sunday evening music programme restarted with Opera, Bernstein, and a very successful evenin8 curated by Alex Robert5 featurin8 Bartok in a unique blend of Q&A and performance. Resident Companies We are proud and delighted to collaborate with our resident company Moongate Productions. MoonBate curate monthly salons to provide a platform for diverse Eastlsoutheast Asian heritage stories, to actively challenge stereotypical portrayals of Asian culture and provide audiences and artist5 With a chance to heal. connect and build solidarity. We are grateful to the Foyle Foundation who pled8ed to 5UPPOrt 11 Mo¢ngate Mix Salons for 2024- 2025
MARKETING AND PUBLIC RELATIONS Platform March 2023 March Z024 Twltter followers 9,488 9,900 Facebook followers 2,904 3,087 6,573 fcllowers 8,561 followers Instagram follower5 Newsletter subscrlbers 2,971 subscribers 3,476 subscribers Ttk Tok 802 921 YouTube 656 726 Social Media Growth Ou r social media presence continues to expand acr055 all platforms, demonstrating a growing interest and engagement with our content, As of March 2024, our Instagram followers have surged to 8,561, showing a significant increase from the previous year. Twitter a nd Facebook also saw steady growth, with Twitter reachlng 9,900 followers and Facebook at 3,087 followers. We have also seen a r15e in YouTube subscribers, now at 726, and TikTok followers are up to 921, reflecting our efforts to diversify our content and reach new audiences. SlznSfScant Press Coverage Our productions conti nue to garner 5i8nifica nt media attentlon, with Supernova, receiving multiple four-star reviews across various platforms, includlnE rhe Observer, Thec7tre Weekly and The Review5 Hub, This widespread acclaim emphaslzes the impact and quality of our work. Addit5onally, A Fomity Buslness was praised by multiple outlets, further solldifying our reputation for producing high- quality, thought-provoking theatre. E-Newsletter Performance Our e-newsletter continues to perform well, with an open rate of 40-50Vo and a click-through rate of 1-2%, aligning wlth industry averages. This con515tent engagement highlights the releva nce a nd appeal of our updatesto our subscribers, keepin8 our community informed and connected. We also developed a social media pack for artists a nd com panies, offering guidance on content creation and effective engagement 5trate8ie5, Th is initiative 15 designed to en hance our collaborative efforts and ensure consistent, high-quality communication across all platforms. Looklng Ahead The marketing and public relations efforts at Qm nibus Theatre remain focused on expanding our reach, engaging our audience, and celebratinE the success of our productions. With stronE social media growth, positive box office results, and significant press coverage, we are well-posltioned to continue making an impact in the theatre community. As we move forward, we will build on these successes, ensuring that our offerings resonate with both exi5tiri8 and new audiences alike. NOMINATIONS From March 2023 - April 2024, we received 14 nominations for the followin8 productions Rlchord the Second- Stage Debut Award Nominee- Daniel Rock (Best Performer in a playl lan Charleson Award Nomination Daniel Rock Tlqer Best New Play Joe Eyre Iplaywri8htl Best Supporting Performer Nomination (Meg Lewis) Composltor E Best Director (Marie Mccarthyl
shutters supporting Performance in a Musical {Deanna Myersl Supporting Performance in a Musical (Thom Tuck} Supernovtt Most Promising New Playwright (Rhiannon Needs), Best Ensemble (Rhiannon Neads & Sam Swannl Best Set Design {Sorcha Corcoran) 10 Nights Best Solo Performance IA23n Ahmedl Surfacin8 Oesign.- Sound, ID4vid Denyerl, De518n- Video, (Ben Gloverl Access, (Asylum Arts) Love Steps - The Stage Debut Awards Nominee - Anastasia 05ei-Kuffour Iplaywri8ht} (winner announced on 29 Sept) Omnibus Thei7tre has o strong history of stoging chullenging, important work. It's o spoce thot rarely rnoijnts standord stogpwork t7nd olwoys pre5pnts work thDt's Interesting. It provides o oenerous plutform for new writers. Broadway World HIRE OF SPACE We aim to make our Space as accessible as possible by providing reduced rates for space and running our Artist support scheme to offer a price in alignment with what artlsts and companles can afford. During this period, we provided 152 days of free rehearsal spare for artists to develop their work, helpin8 to develop four ea rly-career writers, Hirin8 Out OLJ r spaces and elevatin8 our statu5 a5 community hub, more local resldents have become aware of the opportunities at Omnibus and the shows that we offer, Notablyi we have acknowledged that a number of young chlldren who are brought to NCT or Early Year classes in the Café Bar who have become regular audience members of our Christmas show or gone on to becDme members ofthe Young Company. We artively enhanced our space hire Dfferlngs, Wlth a focus on improving customer eKperience and maximizin8 space utilization, We welcomed ALf4A/R05e Bruford who commenced their final year with us running u ntil June 2024 but excited to continue our lonE-term collaboration with Rose Bruford, who will be returning annua Ily for six months with their foundation group, TD better showcase ou r facilities, we scheduled new photo8raph5 of all hire SPaLes to be taken, followed by an overhaul of the inforrnation available on our website, ensurin8 that details are clearly communicated to potentia I clients, We are pleased to report signlflcant growth in the occupancy and usage of our Spaces from April 2023 to March 2024. The Common Room has been particularly popular, with bookings up by 75%, and the Café Bar has seen a remarkable 142.12CA increase In bookings. The Studio Upstairs also experienced a 58.44QA increase i n bookings, h igh lighting the rlslng demand for our versatile spaces. All hire and space usage information has been efficiently tra nsferred to our new online system, Skedda, allowinE for better management and tracking of bookings, ensuring a seamless experience for both our clients and administrative team. Our analysis identified £aps in our booking Schedule, particularly on Frlday, Saturday, and Sunday eveninES, which are starting to be filled with program med events like music a nd comedyi as these times are less attractive for workshops and rehearsals. COMMISSIONS The reach and impact of our work extend5 beyond the building with our provision of free arts activities for the local comm u nity through corn missioned project5 from Clapham Business Improvement District and funding from local sources. The Clapham BID is enthusiastic about extending the fa ir's attivities to the high street, and a Sta keholders, meeting was set for April to discuss exciting new partnerships to enhance the event's reach and impact. The Clopham Fair usually scheduled for September was rescheduled for June 2023 to align with other local summer activities. AlthoLtgh successful, Clapham BID agreed to return to the original September slot going forward5 due to annual planting that meant we had to host the event acr055 two sites which presented challenges.
io Clophum Lights took place Fridayi Decernber 1st, 2023, and was a resounding success with an impre55ive turnout of approximately 850 and highly positive feedback from the Clapham BID. Two school choirs, Heathbroke school ba nd, market 5ta115, free late-night music and in honour of the winter show. J(Tck ond The Bearts Talk a "flying 8 cow,, took to the Zip wire. LEARNING AND PARTICIPATION Young Company The addition of industry mastercla55es funded by the Jack Petchey Foundation for the 11-16 Broup have been a great boost. along with West End theatre trips that have enriched our young partiiipants, experience. School Bus The successful celebratlon of Ramadan with a perform3r)ce in the Studio Upstairs has further solidified our relationship with IQRA. From 2023 - 2024, we delivered three terms of drama lesson5 to all year group5. The School Bus initiative 55 expanding, with new schools such as Heathbrook and King5 Avenue who will be participating alon8side Iqra, This program aims to grow ou r relationships with local primary schools and create sustainable drama education offerings. Me3nwhlle, Our Herltage.. Unbound, the Heritage Project which arcompanies our in-house production of Compositor E, andfunded by the Heritage Lottery Fund, made significant impact. Over 100 students participated in workshops explorlng thelr herltage, culm Inating in a showcase event that highlight5 their creative responses and personal 8rcwth, Routes The Routes pro8ram continues to thrive, wlth Increased participation post-pa ndemic, In the period 2023 - 2024, we delivered four weeks of the Routes programme and are grateful for support frorn HAF, The Artssoclety's Patricia Fay Memprial Furid and the Kitclien social Fund. "it wos greot, We got to do acting and it helped me grow in confidence. Another commented "it was amozlng, it helped me embrace myself andfelt like home" Training We are explorlng exciting opportunities to offer train ing schemes in technical theatre and producing for school leavers. potentially securing local authority contracts. Our partnership with Lam beth College wlll be key in engaging their 5tudent5 in these training programsi provlding additional revenue to support our core operations, Time London Identity The Time London Identity project, currently on hold, remains a priority. Our recent engagement with Thrive London and the participation of past Time London Identity members, who showcased their creative work, has been met wlth enthu51{5m, relnforcing the project's valLSe, Looking Ahead A5 we move forward, we are focused on refining our recruitment strategies, strenBthening relationships with Ioc315chools, and expanding our programs to rEach even more young people. With continued support and innovative approaches, we are confident in the positive impact our Learning and Participation initiatives will have o n our community. CAFÉ BAR We appointed two h ighly qualified individuals to our Café Bar team, creating new roles for 3 Manager and a Supervisor. Both come with strong back8rou nds in the hospitality industry. bringing essential skills a nd expertise that will help our Café Ba r thrive, Their recent benchmarking exercise highliEhted that we are 51gnificantly more affordable than loca I competitor5. To address this, we will be adju5tin8 our pricing. Yefin ing our cocktail menu. a nd revisiting premium bra nds to ali8n with industry standards. Staff training is a150 being enho nced to ensure that we meet profe55iona I industry benchmarks.
li The Cafe Bar, which continues to support our local audience and community, achieved gross takings of £157,047. The team is continually adapting, with the introduction of a summer Cocktail Menu and special offersaimed at attracting a broader clientele from the Clapham community. June was our second busiest month on record, thanks to the team's exceptional management of busy evenings and severa I private events. The Introductlon of new products, includ ing a refreshed cocktail men u and house wines, has been well received, Re8ular free musi¢ events have become a staple, drawing in a loyal customer base, CREATIVE INITIATIVES AND COMMUNITY ENGAGEMENT To maintain momentum durin8 quieter periods, especially in AugLJSt, we Introduced new activities to drive foot trafflc and bar gales such as weekly boarrl ga me n ights, a monthly book club, Friday evening jazz sessions, a nd Sunday lunchtirne jazz three tin)es a month. Additionally, an alternating monthly Makers Market on Sundays has been launched to further en8a8e the community. We are also expanding our snack and food offering5 to attract pre-show visitors on weeknight. We recently launched a new brunch menu, which has already led to an immediate incrgase in daytime visitor5 to the Café Bar. This menu, alon85ide our commitment to continually improving customer experience, position5 us well for continued success. 2024 be8an on a high note, outperforming previous years. The festive season was a great succe55, with record sale5 in mulled wlne and the introductlon of a hot toddy. Wè maintained a Level 4 Food Hygiene Rating, a nd our goal is to achieve Level 5. En hancements to the Café Bar's lighting have created a morevlbrant evening atmosphere, and our new partnership with Dusk Is set to brin8 in new clientele. TRAINING We are committed to en5urin8 tlidt our new team members are well-IntegraTed and supported as they settle into their role5. Our 8oal is to maintain a stable and efficient tearn that can effectively contribute to our mission. Ou r infrastructure is evolving to meet the dema nds of DU r expanding operatlons. Wlth 3 dedicated and 8rowin8 team, we are confident in our a bility to continue delivering high-quality services and experiences. We remaln focused on recruiiing ralented Indivlduals and fostering a supportive environment where all team members can excel. The Trustees have also been able to agree a range of new policies Including privacy anti-bribery, sickness and Inlury, social med ia, conflict of interest, data protection. equality, diversity and inclusion, recruitment, working from home, é ignity at work, environmental, disability, education, and a code of conduct. First Aid and Fire Ma r5ha11 train ing took place f Dr the new staff and our Artistic Director was awarded a £IOOO for completing her training Dn Future Connected, a development programme for 12 cultural leaders from Lam beth to embark on a series of tra ining sessions to grow dynamic businesses that inspire and represent our communities, INFRASTRUCTURE 2023-2024 experienced further consolidotion of our core team to 27 in total comprising of 9 full time staff. 7 part time and 11 regular freelance staff supported by 23 volunteers who take on the roles of Ushers. We are in a dynamic period of growth and restructuring within our team, ensuring that we have the right people in place to support our continued success. We onboarded seven new Staff members between April and ea rly July 2023, a 51gn Ificant ach ievement that had temporarily increased our workload but ultimately stabilised ou r team. The role of Assistant Operations Manager was replaced by an expanded Senior Duty Manager IDMI role, whD took on additional responsibilities, includ ing overseeing both fro nt and back-office operations for the Box Office. This change allowed our Theatre Administrator to focus more on other
12 critical tasks. We successfully recruited for key positions, including a Café Bor M anager a nd a Café Bar Supervisor, both of whom brought valuable experience ènd expertise. We recruited a Marketing Officer and 2 new Marketing Assistants on a three-day per week basis to further strengthen our marketing efforts. Additlonally, a new Hires Ad m inistrator wa5 appoi nted. allowing us to streamline our hiring processes. FUNDRAISING At Om n ibu5. fundroi5ing continues to be essential to our incom e. Our main priorities remain funding three Strands of ovr activity,. Le3rnin8 and Participation, Artist Development and Staff Oevelopment Our fundraislng efforts have been marked by 8 mix of progres5 and ongoing opportunitie5, reflecting our commitment to securing vital resources for ou r projects. Om nibus receives no regular funding or statutory support and relies on tlcket sales, space h ires and Caf é Bar Sales as Its prlmary sources of earned income. Whilst box off ice and commercia I revenue have stabilised in the last few yea r5, the organisation also raises voluntary income f rom charitable found ations, individuals, donations, and corporate sponsorship. Yet even wlth the perennial challenge Df f unding, navigating the impact of a globa I pandemic, and currently a cost-of-living cri515 Omn ibu5 Theatre'5 a8ility and resilience have ensured rapid progres5 since 2013 a nd it has swiftly become established and recognised as a high- quality theatre, rooted in its local communities in South London. The organisation's nota ble achievements both artistica Ily a nd in keeping the organisation financia Ily via ble in the face of significant hardships - provide a f Irm f ou ndation from which to move forward with confidence for the future. We consequently provided free and discounted space to artlsts, almins to provlde greater 5UPPOrt for f reelancers and entered more co- productions, We ore very grateful to the following or8an isation5 for their 5upport- Handelsbanken The National Lottery Heritage Fu Composltor E The Jack Petchey Foundatlon The Foyle Foundation The John Thaw Foundation- Compositor E Unity Trust- Compositor E Lambeth Council- Holiday Activity Fund Mayor'$ social Fund The Arts Society Clapham Common lan Mactaggart Trust Arts Council England - Comp05itor E PUBLIC BENEFIT I n pla nning the activities of the charity, the Trustees have £iven due regard to the Charity Com m issions guidance on public be nefit. The Trustees believe that the activities of the charity in the year confirm Its a bility to provide current and on-going bellef it to the public. Omnibus uses the transformative powers of art to give a voice to those that feel voicele55 throu6h series of projects developed in response to localised needs a nd created in collaboration wtth ou r community, tackling issues such as food insecu rity, social isolation and community disconnect. From March 2023 to April 2024, we engaged 3,003 people with free opportunities for artistic participation and engagement, includinE schools, workshops, interactive storytelling, downloadable art5 activities, pu blic and family event5, tickets for tou ring performa nces, ta rgeted outreach programmed and internship/ work experience schemes, We have developed working relationships with more than 20 local schools and charitable organisations and we run a weekly low-cost youth theatre for young people aged 5 to 18 years. We promote accessibility across all our programme,
13 regularly running relaxed performances for people and 98% of our shows remaining priced at £18 or le55. FINANCIAL REVIEW Results for the year endln8 31 March 2024 The flnanci31 model for Omnibus is to achleve at least a break-even position on activitie5 or program that is undertakgn. Any surplus income f rom ticket sales, h ires or activities will be used to build up reserwes in line with the reserves policy, a nd to funher the cha ritvs aims and objective5. In the year endlnE 31 March 2024, intome was £609,282 of which £493,233 was unrestricted and £116,049 was restricted. In compari50n, In the twelve-month period endin£ 31 March 2023 was £651,122 of which £544,130 was unrestricted ond £106,992 was restrictÈd. Expenditure in the year ending 31 March 2024 was £609,632 of which £556,057 was unrestricted and £53.575 was restricted. In comparlson, in the twelve-month period endin8 31 March 2023, expenditure was £674,976 of which £595,984 was unrestricted and £78,992 was restricted, Detailed figure5 are included in the f i nancial statements. On 31 Ma rch 2024 the charity held an unrestricted general fund of £69,760, a restricted fund of £200,381 and a capital fund of £156,953. Total funds held on 31 March 2024 amounted to £427,094. RESERVES POLICY AND GOING CONCERN It is the pollcy of the Trustees for the charity to hold reserves to enable it to continue to operate for approximately Six months in the even t of a shortfall In income. It is the policy of the company to maintain u nrestricted funds, whith are the free reserves of the compa ny, at a level which can ensure the sustainability of the company through periods of chan8e, and f inancial challenges, This Is deemed necessary as a substantial part of the company'5 fundin8 is èarned income from box office, hires and fundraising, so there is no certainty that the level of funding required to continue and develop the Charity's activitie5 will be received. In setting the level of required reserves, the Trustees have considered the cost to which the company is committed on a re8ular basis, and the len8th of that commitment lusually between 3-6 months). Thls includes, but not limited to, the lease on the company's premises, suppliÈr contracts, core staff contracts, f reelance and performer contracts. Additionally, the Trustees have considered the limelines and commitments the company undertakes when booking Its productions and the polential costs required to underwrite these key commitments fDr a period of 6 months. The Trustee5 have set a target level of f ree reserves to support this policy at £80,000. At presÈnt Omnibus is operating close to this minimum and we are hoping to build up reserves in orderto secure our future for the next decade. The Trustees have a reasonable expectation that the company has adequate resou rces to continue in operationa l existence a nd meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months for the date these flna ncial statements were approved. Accordi n8lyJ they contln ue to adopt the goin8 concern basis In preparing the f Inancial statements. RISK MANAGEMENT The Trustee5 consider the risks to the Eharity bi-monthly ot Board meetings and ensure that systems and procedures a re established to m itigate key risks identifled, The Trustees risk management strategy comprises.. A comprehensive budEeting and planning system with an annual budget A 3-year Business and strategic plan which is Currently being updated A company risk register which 15 Subject to bi-month IV rèview
14 The design and implementation of systems ancl procedures to mitigate all risks identified in the plan and to rninimise any potential impact Dn the Charity should those risks materiali5e The Trustees have identified and reviewed the majcr risk5 to which the charitv 15 exposed on a regular lyasis. Pa rticular risks that are being regularly monitored in clude.. Fundraising activityfft in the increa5in8ly com petitive market SafeBuardin8 Personnel capacity and wellbe ing Thefabric of the building The Trustees are satisfied that systems are in place to m itigate the Gharity's exposure to the major risks. Company po licies a nd procedures 3 re closely monitored a5 IS the company risk register, which provides the impetus for better orga nlsation planning. A key element in the management of financia I risk is the setting of the reserve5 po licy a nd its regu lar review. REMUNERATION Remuneration policy is decided by key management personnel and reviewed by the Board of Trustees a5 part of the Fina ncial Review at all Board meetings. The Board Is responsible for making recommendations and approvln8 any changes to the Artistic Director's salary, INVESTMENT POWERS AND POLICY Under the Memorandum and Articles of Association, th? Charity has the power to invest in any way the Trustees wish. To the Èxtent that cash balances exceed short term needs they are Invested in deposlt accounts. FUTURE PLANS Building on the succe55 of 2023.2024, we are committed to the expansiDn of our artistic pro8ram a nd learning and partlcipation initiatives to ca ptivate both our existing and growing audiences. In 2025, the 96 Festival will be doublin8 in size, featiiring two headli ne show5, alongside the hlghly anticlp8ted return of Otst of the Wings for its eighth season. Add itionally, we will present 2 1 Edinburgh Preview shows, taking place In the Studio Upstairs. We are excited to welcome Emily Jupp's production of Wormhole5, Starring Victoria Yate5. For our Autumn 2024 sea50n, we are honoured to present Edinbur8h Frin8e hits Clublond and Nan Me and Borb(7ra Provl and to host Muke Good rhe Post Office 5condal, brought to us by Pentabus a nd New Perspectives Theatre companies who are commernorating their 50th anniversary and marking 100 years of inspiring rural touiing theatre. Our artist development programs will also continue to evolve or8anically, with more Omni-wright sessions scheduled for 2025. These sessions will be tailored to meet the unique needs of our artist5, further fostering creativity and innovation. Looking ahead, we will be expandin8 our outreach by stren8thenin8 relationships with local schoo15 and introducing new proErams designed to enga8e even broader segments of our community. We are actively exploring opportun Ities to offer training schemes in tech nical theatre an d production for school leavers, open ing doors for future collaborations with loca l authorities. These initiatives reflect our ongoing commitment to nurturing talent and ensuring future 8enerations have ac¢e55 to high- quality experiences in the arts. Additionally, we are optimistic that further building renovations will proceed. contingent on fund ing, in 2025. These chonges include the relocation and renovation of our toilet facilities, with plans to create one large, modern set of 8ender-neutr31 toilets The newly tjesigned space will include six cubicle5, alongside two accessible toilet5 lone on each floor) and a staff toilet/shower. These im provements will enhance accessibility and ensure a welcomi ng environment for all vi51tors.
15 As we reflect on our past achievements, both artistically and financia Ily. we are filled with optimism and confidence for the future. Our organi5ation'$ strong foundation allows us to em brace the opportunities ahead, continuing to grow for years to come. SMALL COMPANY EXEMPTIONS This report is prepared In accordance with the provisions of the Companies Act 2006 relallng to small companies. The Rt Hon Fiona Mactag8art Chair 25 September 2024
17 Omnibus- Clapham (limited by guorontee) ststement of financial activities For the year ended 31 March 2024 Note General Funds Designated Funds Restricted Funds Capital Funds Total Funds 2024 Income from Grants and donations Charitable 3Ctivities Fundra ising activities Other income Total incoming resources 2a 2b 2c 2d 2e 88,833 379,246 18,970 6.184 493,233 116,049 204,822 379.246 18,970 6.184 609,282 116,049 Expenditure on Charitable activities Fundraising activities Total expenditure 3b 556,057 53,57S 609,632 556,057 53,575 609,632 Net incomel(expenditure) before transfers (62,824) 62,474 (3501 Transfers between funds Amort15ation / depreciation Artistic programme support Net in¢ome/(expenditure) after transfers (31,3891 131,389) 50,000 (12,824) (50,000> (50,000) 62,474 (31,389) (31,739) Fund balances 31 March 2023 Fund balances 31 March 20Z4 82.584 69,760 So,)0 137,907 200,381 188.342 156.953 458,833 427,094 Note 5b sd sc 5a This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
18 Omnibu5 - Clapham (Limited by guarantee) Statement of financial artivities For the year ended 31 March 2023 Note General Funds Designaled Funds Restricted Funds Capital Funds Total Funds 2023 Income from Grant5 and donations Charitable artivities Fundraising activities Other income Total intoming resources 2a 2b 92.969 393,527 34,541 23,093 544.130 106,992 199,961 393,527 34,541 23,093 651,122 2d 106.992 Expenditure on Charitable activities Fundraising activities Total expenditure 3b 33 595.984 78.992 674,976 595.9S4 78,992 674,976 Net income/(expenditureJ before tran51ers 151,854) 28,000 (23,854) Transfers between funds Amorti5ation / depreciation Net incorne/(expenditure) after transfers [31,3891 (31,3891 {31,389) 155,243) (51,854) 28,000 Fund balances 31 March 2022 Fund balances 31 March 2023 134,437 82,584 50,000 50,000 109,907 137,907 219,731 188,342 514,075 458,833 5b sd 5a This statement of financial activities includes all gains and losses recogni5ed in the year. All income and exndItUre derive f rom continuing activities.
19 Omnibus - Clapham (Llmited by guoranteej Balance sheet For the year ended 31 March 2024 2024 2023 Fixed assets Inote 41 Leasehold improvements Fixture5 and fittin85 Plant and equipment Musical equipment Sound and lighting equipment Office equipmEnt 138,416 18,537 3,358 5,873 507 193 166,884 166,099 22,243 6,153 6,486 2,440 504 203,925 Current a55etS Debtors (note 101 Cash at bank and in hand 110,IIG 293,744 403,860 128,465 313,042 441,507 Current Ilabililles Creditors,. amounts falllng due wlthln one year Incte 111 184,B501 118G,599} Net current assets 319,010 254,908 Lon8 Term U?blli¢les Creditor5'. amounts falllng due after more than one year Net a55et5 58,8001 427,094 458,833 Income and expenditure account / Beneral fund Inote 5bl Capital fund Inote Sal Restricted funds (note 5cl Designated fund (note 5dl Tolal charlty funds 69,760 156,953 200,381 82,584 188,342 137,907 SQ,Ofl(J 458.833 427,094 For the period l April 2023 to 31 March 2024 the company w35 eniitled to exemption from audlt under section 477 of the Companies Att 2006 re12ting to sm311 companles. Directors, responsSbS1itSes: •The members have not required the company to obtain an audlt of its accounts for the year In question haccordance with section 476 •The directors acknowledge their responsibilities for complying with the requirements of the Act withrespect to accounting record5 and the preparation of 2ccounts, These financial statements have been prepared in accordanc@ with the provisions of zhe Companies Act 2006 applicable io companie5 subjpct lo the small comp?nle5' reBime. The financial statemenls were approved by the Boèrd of Trustees on 25 September 2024 and signed on it5 behalf by Fiona M3CtaB83rt Chair 25 September 2024
20 Omnlbus- Clapham (Llmited by guorontee Statement of cash flow For the year ended 31 March 2024 2024 2023 Cash flows from operating activltles Net income for the reporting period Depreciation and amortlsatlon Decrease / linirea5e) in debtors and stock (Decrease) / increase i n cred Itors (Decrease) l increase in restrictÈd fu nds Net cash provided by operating actlvlties 155,617} 37,041 18,349 (42,9491 62,474 19,298 117,299 37,041 182,Q26) (44) 28,000 100,270 Cash 31 March 2023 Cash 31 March 2024 Net cash movement 313,042 293,744 19,298 413,312 313,042 100,270
21 Omnibvs- Clapham (Limited by quoruntee) Notes to the flnancial statements For the year ended 31 March 2024 Accountlng Policies Basls of preparing the financial statements The financial statemeftts have been prepared in accordance with Accounting and Reporting by Charitie5,' Statement of Recommended Practice applicable to Charitie5 preparing their accounts in accordance wiih the Financlal Reporting Standard applicable in the U K and Republic of Ireland {FRS102> (effectlve l January 2019)- (Charities SORP FR5 1021, and the Companie5 act 2006. Assets and liabilitles are Initla Ily recognised at historical ccst or tra nsaction value unle55 Otherwise stated in the relevant accounting pclicy note51, Public BenefSt Entlty The Charitable Company meets the definition of a public entity as defined by FRS 102. Goln8 concern The financial statements have been prepared on a going concern basis as the Trustees believe that no materi31 uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authori5ing these financial statements. The budgeted Income and expenditure with the level of reserves for the Charity to be able to continue as a going concern, Company Status The cornpany is a private company limited by guarantee. Each of the members is liable to contribute an amount not exceeding £10 towards the a55et5 of the company in the event of liquidation. Tanglble Assets Indlvld ual f ixed assets costing £1,000 o r more arè capita lised at C05t. Depreciatlon is provided at rates calculated to write off the cost of each assei over Its expected useful Ilfe as follows.. Plant and Equipment IQ% Straight Line Musical Equipment 5% Straight Llne Sound and Lighting Equipment IO% Straight Line Office Equipment IQ% Straight Line Leasehold improvements and Fixtures and Fittings, Amortisatlon of the lease Is calculated evenly over the term of the lease to 29 July 2030. The cost of amorti5ation Is borne by the Capital Fund.
22 Omnibus- Clapham (Limited by guorantee} Notes to the financial statements For the year ended 31 March 2024 Incoming Resources All incoming resources are included in the Sratemeni of Financial Activities when: The charity is entitled to the funds. Any performance conditions attached to the income have beèn met or are fully within the control of the ch3ritv. There is suffSclent certalnty that receipt of the i ncome is considered proba ble The amount can be reliably measured. Income from performancp fees is included in the Financial Statements for the period in which the relevant performance takes place. Grants for core activities are included in the year to which they relate. Grants from Trusts and Donors are recognised as income in the SOFA in the year in which they are received, Any such income that is received for projects to be undertaken in future periods is carried forwa rd a5 a restricted f und. The Income and Expenditure account recognises the income applicable to the year's activities, Interest receivable is included when recelved by the Charity. Expenditure Expend iture is recognised on the accruals basls. All costs which can be directly attributable to charitable activities are allocated thereto. It Is not considered that any purpose would be served in apportioning support Costs li.e. overheads, administration expenses and staff salaries} to particular charitable actlvities, as to do so would be arbitrary and could be mlsleading, Fund accountln8 Funds held by the charity are either.. Unrestricted general funds - these are fund5 which can be used In accordance with the charitable objects at the discretion of the trustee5, Designated funds- these are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose, Restricted funds - these are fu nd5 that can be used for pa rticular restricted purposes within the objects of the charity, Restrictions arise when specified by the donor or when the funds are raised for pa rticular restricted purposes. Further explanation of the nature and purpose of each fund 15 included int eh notes to the financial statements. Taxatlon The Company, as a theatre producticn company, is entitled to claim Theatre Tax Credit. As a registered Charity {1143709), it is exempt from taxation on investment income applied for Charitable purposes and frorn taxation on capital galns. The company is registered for VAT. The VAT number is 155327708. Irrecoverable VAT is charged against the expenditure headin8 for which it was incurred.
23 Omnlbus - Clapham (Limited by guaronteej Notes to the flnancial statements For the year ended 31 March 2024 Debtprs Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. Stock Stocks held relate to the Café Bar. They are valued at the lower of cost or sale value, Cash at bank and in hand Cash ai bank and in hand Includes cash and Short term highly liquid investments with maturity of three months or les5 from the date of acquisition or opening of the deposit or sirn ilar account. Creditors and provisions Credltors and provisions are recognised where the charity has a present obllgatlon resulting from a past event that wlll probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provi5ion5 are normally recognised at their settlement amount after allowing for any trade dlscount due. Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify a5 basic financial Instruments. Basic financial Instruments are initially recognised at transaction value. whlch Is the sarnp as settlernent Value. Significant Aecounting Estlmates and Judgements The charity's estimates and a5sumption5 are b85ed on historical experience and expectation of future events and are reviewed annually. Further information about key assumptions concerning the future, and other key sources of estimation of uncertainty, are set out In the notes. Penslons The company contributes to a defined contribution scheme for the beneflt of Its employees. Contributions payable are recogni5ed a5 expenditure when due. Reserves Pollcy In setting the level of reserves, the Trustee5 have considered the casts to which the company is committed on a continuing basis and the len8th of that commitment. See note S for details of reserves held. See note slal for change of policy note re capital reserve.
24 Omnibus - Clapham (Limited by guaranteej Notes to the financial statement5 For the year ended 31 March 2024 2 Slatement of financial activities- analysis of income Unrestricted funds Restricted funds Tolal 2024 Unrestricted funds Restricted fund5 Total 2023 a Grants and Donations Grants for core activities- public bodies Other donations /memberships 39,955 48.878 88.833 116,049 156.004 48,878 204,882 3,966 89,003 92,969 101,992 5,000 106,992 105,958 94,003 199,961 116,049 b Incoming re50urce5 from charitable activities Charitable activities Theatre Tax Relief 330,324 48.922 379,246 330,324 48,922 379,244 381,527 12,000 393,5Z7 381,527 12,000 393.527 c Other trading activities 18.970 18,970 34,541 34.541 d Other income resources 6,184 6,184, 23,093, 23,093 e Total incoming resources 493,233 116,049 609,282 544,130 106.922 651,122 The charity benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with FRS 102 and the charities SORP (FR5 102) the economic contribution of volunteers is not recognised in the account5.
25 Omnibus- Clapham (limited by guornnteej Notes to the financia I statemenls For the Vear ended 31 March 2024 3 Statement of financial artivities- analy515 of expenditure Total 2024 Total 2023 Unrestricted Restricted Capital Charitable activities Production costs Premises / overheads Office costs / administration Marketing Staff costs Independent examinerfs fee Sundry expenses Depreciation/amortisation 69.007 40,669 14.372 32,786 384,812 53.575 122,582 40,669 14,372 32,786 384.812 147.516 120,359 18,5 31.392 344,227 4,000 3,240 5,652 674,976 8,759 5,652 556,057 8,759 5,652 609,63 2 53,575 Total expenditure 2024 Total expenditure 2023 556,057 595,984 53,575 78,992 609,632 674,976 The above expenditure has been directly allocated to furKls and programmes in accordance with tl* relevant restrictions,
26 Omnibus - Clapham {Limited by guaranteej Notes to the financial statements For the year endeql 31 March 2024 4 Tangible fixed assets Amortisation leasehold improvernents 327,538 Arnortisation rtureS and fitting5 53,858 Planl and equipment Sound arKI lighting Musical equipment Office equipment Total 2023 Cost l April 2023 Additions in year Cost 31 M3rch 2024 27,956 19.338 12,275 3,111 444,076 327,538 53.858 27,956 19,338 12,275 3.111 444,076 Depreciation and amortisation 31 March 2023 Charge for the year Depreciation and amortisation 31 March 2024 161,439 27,683 189,122 31,615 3,706 35,321 21,803 2,795 24,598 16.898 1.933 18,831 5,789 613 6,402 2,607 311 2.918 240,151 37,041 277.192 Net book value 31 March 2024 138.416 18,537 3,358 507 5,873 193 166,884 Net book value 31 March 2023 166.099 22,243 6,153 2.440 6,486 504 203,925
27 Qmnlbus - Clapham (Limited by guoranree) Notes to the financial statement5 For the year ended 31 March 2024 5 Fund balances Capital fund IEstablished for Building Fund for improvements to leasehold and fixtures and fittings). Leasehold improvements 31 March 2023 Fixtures and fittings 31 March 2023 166,099 22,243 188,342 Les5; amortisation 31 March 2024 Leasehold improvements Fixtu res and fittings 27,683 3,706 31,389 156,953 Balance 31 March 2024 The Charlty resolved to create a Capital Fund. This was to identify the funds raised and expended on the principle fixed assets being leasehold Improvements and flxtures and fittings. Funds raised prior to l October 2019 had prevlously been shown as part of the Unrestricted Funds and Restrlcted Funds; these are now shown as part of the Capital Fund. The net written down value of the assets at 31 March 2024 Is £156,953. The intention of this chan8e of pollcy was to enable the cost of amorti5ation/depreciation of these a55ets to be written off annually from the Capitèl Fund over the period of the lease. The trustees belleve that its revlsed approach lends clarity to the financial statement5. b General Fund - £69,760 The surplus accumulated is in line with the company's policy on reserves and Is retained in order to continue the development of the company's work (see Trustees Report). c Restricted Fund - £200,381 Grants have been received frorn charitable trusts for artistic project5 which are planned for future years. Balance l April 2023 Funds Received to 31 March 2024 Inote 71 Funds expended to 31 March 2024 Balance 31 March 2024 {note 7a) 137,907 116,049 {53,575} 200,381 d Designated Fund - £50,000 This fund was created In 2021/2022. The purpose of the designated fund is to set aside monies for future expenditure on strate8ic artistic activities where the tru5tee5 foresee that there may be a funding shortfall in the future. Amounts have been set aside include the company'5 pandemic recovery programme. The fund was transferred into the general fund in 202312024 to support the artistic programme in that year.
28 Omnibus- Clapharn (Limited by guarantee) Notes to the flnanclal statements For the year ended 31 March 2024 Funds Raised- General Funds 6 Grants and donatlons 2024 2023 3,966 89,003 Benevity Trust Donations, memberships and sponsorship 88,833 Fun draisi ng activities Café Bar sales 18,970 34,541 Charitable activities Box office commissions and hires Commissions Omnibus Young Company fees Technical recharges, contr3S Theatre Tax Credit 264,682 39,945 9,760 15,937 48,922 379,246 361,208 27,106 5,213 393,527 Sundry Income 6,184 23,093 Total incoming resources 493,233 544.130 'A trading company, Ornnibar Ltd, was formed in 2022/23. Income in 2023/24 was £157,047 and expenditure £138,077. Net profit for the year ended 31 March 2024.. £18,970.
29 Omnibus- Clapharn (Lifflited by guoranteej Notes to the linancial 5t3ternents For the year ended 31 March 2024 7 Restricted Funds- Received in the perlod l April 2023 to 31 March 2024 2024 30,600 2023 lan Mattag8art Trust- staffing fund lan Mactaggart Trust- bLJilding fund Ian Mactaggart Tru5t- production support Arts Council England Ice at the End of the World Routes The Arts Society Clapham Common Mayor's Social Fund Lambeth Council- HAF Holiday Activity Fund - The Ironmongers Company Clapham Relief Fund The Worshipful Company of Gold and Silver Wyre Drawers Unity Trust- Composltor E John Thaw Foundation- Compositor E The Foyle Foundation The London Community Fund Jack Petchey Foundation Theatre Trust The National Lottery Herita8e Fund- Drum The National Lottery Herltage Fund- Compositor E Total restrlcted funds (note 2) 66,000 2,000 27,000 1,000 2,450 10,000 6,335 1,590 3,600 4,033 300 826 800 500 20,000 10,000 900 s,000 7,534 2,000 20,573 116,049 106,992 7a Funds carried forward on 31 March 2024 for the following projects: lan Mactaggart Trust (staffing fund) lan Mactaggart Trust (building fund) 79,600 66,000 145,600 Story Circle - The London Community Fund National Lottery 4,860 2,071 6,931 The Foyle Foundation Arts Council England Ice at the End of the World Jack Petchey Foundation 20,000 27,000 850 200.381
30 Omnibus- Clapham (Limited by guarantee) Notes to thé financial statements For the year ended 31 March 2024 8 Staff The average number of persons employed full time by the company was 1512023: 101. No member of staff received a salary in excess of £60,000. Total staff costs were: 2024 359,884 20,388 4,540 384,812 2023 321,379 19,547 3,301 344,227 Salarie5 ond fees National Insurance Pension fund contributions Total remuneration of key management personnel in the year. Key management personnel comprise the Trustees and the Artistic Director. 9 Pension Costs The company contributes to a defined contribution pensSon scheme in respect of its employee5. The scheme and Its assets are held by independent managers, The pension charge represents contributions due from thÉ company and amounted to £4,54012023', £3,301}. 10 Debtors 2024 28,167 3,710 10,084 34,656 2023 22,941 Trade debtors Prepayments Grants due Other debtors HMRC-VAT Sundry debtors Omnibar (trading subsidiary) 78,146 613 9,867 16,898 128,465 2,500 30,999 110,116 11 Creditors 2024 14,965 39,944 701 4,965 4,000 2,810 76,265 143,650 2023 15,471 17,316 Trade creditors Box offlce and hires held in advance HMRC-VAT HMRC- P.A.Y.E. and N.1, Income in advance Sundry creditDrs Accruals 4,000 8,431 141,381 186,599
31 Omnibus- Clapham (limited by guaranteej Notes to the financial statements For the year ended 31 March 2024 12 Fund Balances Net a55ets are held for the various funds as follows: General fund 9,931 153.479 (143,6501 19.760 82,584 Capital fund 156,953 Restricted fund Designated Total funds fund Fixed assets Net current assets Cu rrent liabilities Fund balances 31 March 2024 Fund balances 31 March 2023 166,884 4C3,860 1143,6501 427,094 458,833 200.381 50,000 156.953 188,342 200.381 137,X)7 50,000 50,000
32 Omnibus- Clapham (Limited by guarunteej Note5 to the financial statements For the year ended 31 March 2024 13 Asset strategy In 2022-2023 the London Borough of Lambeth introduced a policy relating to all voluntary and community service5 {VCSI or8anlsatlons to regularise several historical iirrdngernents, with the intention of introducin8 a new fair rent policy across the borough. Thls policy represents a sizeable discount agalnst the market rent, In recognltlon of the highly beneficlal work provided by VCSS. The new lease terms are being fl nalised wlth 3 new rent being set at £24,750 per annum. 14 Trustees, rernuneratlon and expenses No Trustee received any remuneration or expenses in the perlod (2021: Nil). 15 Net income / (expenditure) 2024 2023 Net incomellexpenditurel is stated after charging Independent examiner's fees- current year Depreclation / amortisation of fixed assets 4,000 37,041 37,041 16 Related party transactions The only related party transactions are as described in note 8 relating to key management personnel (see also note 131.
16 Omnlbus- Clapham (limited by guarantee) Independent examinerfs report to the trustees For the year ended 31 March 2024 I report on the financial statements for the year ended 31 March 2024 which are set out on page5 17 to 32. Respective responsibilities of trustees and examlner The trustees {who are also the éirectors of the company for the purposes of company lawl are responsiblo for the preparation of the accounts. The trustees consider that an audit is not required for th 15 year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charltv's gr055 Income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the Instttute of Financial Accountants. Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination it is my responsibi Ilty to.. Examine the accounts under section 145 ofthe 2011 act; Follow the procedures la id down in the General Directions 8iven by the Charity Commission 14515)Ib} of the 2011 Act; and State whether particular matters have come to my attention. Basis of independent examlner's statement My examination was carried out in accordance with General Directions given by the Charity Commission, An examination includes a review of the accounting records kept by the charlty and comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and 5eekin8 explanations from you as trustees concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whetherthe accounts present a.true and fair view" and the report 15 limited to those matters set out in the statement below. Independent Èxaminer's statement In connection wlth my examination, no matter has come to my attention.. l. Which gives me reasona ble causes to believe that in any material respect, the requirements: To keep accountin8 record5 accordance with section 386 of the Companies Act 2006; and To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accountin8 and Reporting bv charities have not been met.. or 2. To which, in my opinion, attention should be drawn to enable a proper understanding of the account5 to be reached. AJ Dosani AFA MIPA Independent Examiner Peel House. 34-44 London Road Morden SM4 5BT 25 September 2024