Reglstsred Charlty Number: 1157234 TONIC THEATRE CIO CHARITY ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 TONIC THEATRE CIO REFERENCE AND ADMINISTRATIVE INFORMATION Trustses The trustees during the year 8nd8d 31 March 2024 V￿re as follovA'. Craig Bennett Bhavita Bhall Moira BLrffini Emm8 Escurfer Tigho Feld man Gabriela Gandolf ini Sacha Milroy Joanne Royce appoinled 1 November 2023 Prlnclpal Addre•s Studio 101, 198 Contemporary Arts & Leaming, 198 Raillon Road, London SE24 OJT Indepond•nt Examlner Bells Accountant8, 10a High Streel, ChiBlèhurst. Kent, BR7 SAN Charlty Numbor 1157234 TONIC THEATRE CIO REPORT OF THE TRUSTEES The name of the Charity is Tonic Theatffj CIO and this is the name under thich il operates. The charity was constituted as a chantable incorporated organisation on 291Th May 2014 under registration number 1157234. Address The charity's registered address is Tonic Theatre, StLgdio 101. 198 Contemporary Arts & Leaming, 198 Railton Road, London, SE1 9PX. tts oper8tional add￿$$ is Tonic Theatre, clo ￿*t6 Light, Merton Industrial Pat*, Jubilee Way, Wmbledon, London. SE24 30JT. Trustees Throughotrt the year the trustees were.. Craig Bennett. Bhavita Bhatt. Moira Buffini, Emma Escurier, Tigho Feldman, Gabrfela Gandolfini, Sacha Milroy, Joanne Royce (Jolned 111 November 2023). Ob'ects The purpose of the charity is the advancement of the arts forthe public benefit, by carying out research and publishing the useful ￿su11$ thereof and by encouraging and f ostenng interest and active participation in all aspects of theatre among women and other sections of society thich are under-represented in theatre (or in certain areas of theatrical work) orvhiich are denied access to theatre through a lack ofawareness, opportunty or cost. st￿lure ovemance and mana emen The Trustees are sati8fied that the chanty works within the objects. The day-to4lay 18 undertaken by a team of seven employees. The trustees meet quarterfy to receive reports on and to review the being undertaken. Financial matte Tonic Theatre's income for the flnancial period was £238,963 and Its expenditure was £229,222. Income w85 derived from 8 combination of income from our charitable aclivitles {£236,9131, and donatior6 from individ uals1£50). The main area of expenditurewas carying out th8 charitable objects of the company of which the largest part vms spent on project staff and artists, fees {£184,207} Chantable expenditure of £25,042, running costs of £19,253 8nd govemance costs of £720 (nel) made up the rem8inder of expenditure. Al the end of the year there was £nil of restricted expenditure. The company became VAT registered on 13th January 2017, The company's VAT number is.. 264 3327 10. The trustees are aware of their public benef it obligation8 and are satisf led that they have complied throughoLt the year ￿￿th the guidance published by the Charity Commission. TONIC THEATRE CIO REPORT OF THE TRUSTEES (cont'd) The trustees are a￿are of their public benef it obllgatlons and are Satlsf led that they have complied IhroughoLA the year with the guidance published by the Charity Commission. Reserves Policy In def inlng its reseNe policy. the Irust88s have consider8d the level of f ree reseNes it is appropriate for the charity to hold to &nsur8 ils financial sustainability. future strategic development, and ability lo continue lo operate if unf orese&n f inanci8lly damaging circumstances anse Considering the reliability 8nd continuance of future income and funding, timing of cash flows, worting capital requirements, and coverfor unplanned costs, the trustees consider the optimum amount lo sel 85ide is an amount equivalent to a minimum of three months of the f orthcoming yearfs planned f ixed expenditure {primarily s8laries and rent) plus a contingency f or planned development this year. This policy wll be reviewed every 3 years (next review.. F8bru8ry 20261 In view of the nature of the charity and the manner in thich it works the trustees do not consider it necessary to adopt any other fomial policle8 at this time. Tonic Theatre continued lo grow and expand its worf( during this period. delivering our programme of activitkS8 through a combination of in-person and on-line interactions. Key activity in the year saw Tonlc Theatre.. Launch Changernakers, a membership programme for people btho lead vnrk on Equality, Diver81ty and Inclusion IEDI) within arts organisalions. Changemakers provides a year-round rolling programme of training, support and community activities At the Commencement of the programme, 18 organisations from acfOSS the arts and cultural sector had signed up as partlcipants. Continue to ddlver Iralnlng and consullancy to a ￿de range of arts and cultural organlsatlons across the UK. In total Tonic Treat￿ delivered tralning or consultancy to 50 organisalions 8cross the UK and beyond dunng the year. 8uild on our work wlh drama schools and perfomlng artg trainlng Instltutions vla our 'Partl¢lpate' programme. wothed ￿th 16 institutions across the UK, delivering sessions covering various areas of EDI a8 well those focusing on consent, boundaries and f omiing healthy professional relationships. Deliver an industry-facing event to raise awareness around menopause, h05ted at Soho Thealre In London. In connect1onv￿th this. Tonic Theatre launched a new training course forarts organisations, focused on increasing confidence 8nd support in relation to menopause, Collaborate wlh the Research Department of Royal Central School of Speech and Dram8 on a research study examining challenges and barriers for young people seeking to build careers in arts administration in a post-covid landscape. Commence a period of R&D, to explore how a coherent and expanded programme of upskllllng and Ilf&long leaming could be provided for freelancers Wofking in the Iheatre industry. The R&D was 8UPPOrted by Guildhall School of Music and Drama. Continue our collaboration wth ENOA (European Network of Opera Academies), ￿rkIng wth its 12 member organisations across Europe, supporting ihem through their EU Commission-fund8J Empowering Opera Pfogramme, to implemenl more equitable processes in Euro pean opera-making. Continue to offer our Platfomi p18yS to schools, colleges and youth thealre organisations. Platfomi iq our series of plays written foryoung people lo pertomi ￿lch irtrease opportunities and aspirations in girfs and young ￿rnen taking part in youth drama. TONIC THEATRE CIO REPORT OF THE TRUSTEES (cont'd) During the year, Tonic Theatre continued to employ a Director, a Senior D81ivery Lead, three Delivery Leads and an Office Coordinator. A new post, Events & Projects Coordinalorwas created. Due to three members of the team being on matemity leave at various point during the year we increased our team through a combination of permanent and f ixed-temi staff , In addition to expanding the team of core salaried st8ff, Ton Theatre continued to V*ork wth a pool of freelance associate practitioners who deliver t raining and work on our projects. In tem8 of th8 Board of Trustees, Tonic Thealre's trustees Craig 88nnett and Moira Buffini continued lo act as Interim Co-chair roles. A recruitment process fora new Chair secured Saratt Holme3. dueto start as Chair from summer 2024, Tonic Theatre will c¢nlinue lo deliver its prog ramme of training and consultancy. its Participate programme lor drama schools, its Changem8kers prograrnmeforpeople leading EDI K)rk in the arts and cultural sector. and its range of Plalfomi plays f or s¢hools and youth the8lre8. In addition, il plans to.. Pres8nt the findings of our research collaboration V￿th Roy81 Central School of Speech and Drama, examining challenges and barriers lo young people seeking to build careers in arts administration in posl-covld landscape. Continue our period of R&D, looking into howa coherent and expanded programme of upskilling ard lif frlong leaming could be provided for freelancers working in the theatre ind ustry. We wll continue to work wlh Guildhall School of Music and Drama on this. We plan to recruit f or a new rol8, Head of Operations, to Increa88 the operational capaclty and resilience of the organisation. Our aim is lor th[$ role to be in place by summer 2024. The Director and 808rd V*ill be working on a new strategi¢ plan f or the charity to t8ke it through the period 1￿M 2025 to 2028. The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's tru$tee$ Sarah Holmes Chair, Board of Trustees D8te.' 10 January 25 TONIC THEATRE CIO Independent Examiner's Report to the Trustees of Tonic Theatre CIO I report on Ihe accounts for the y8ar ended 31 March 2024, vthich are sel out on pages 6 to 8. Resp6ctlve responslbllltles of the trustees and examlner The ¢hanty's trustees are responsibleforthe preparation of the accounts. The Charity's trustees Consider that an audit 18 not required f or this year {under section 14412) of the Chanties Act 2011 (the 2011 Actll and that an independent examination is needed. ft is my responsibility to-. examine the accounts lunder s8Ction 145 of the 2011 Act).. lo follow the procedures laid down in the General Directions given by the Charily Commlssioners (under section 145{5){bl of the 2011 Act).. and to State whether particular matterB have come to my attention. 8asls of Independent examlnorfs roport My ex8minatlon was carried OLrt in accordance wilh the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the chanty and comparison of the accounts presented wth those records. it also Includes consideration of any unusual Items or disclosure in the accounts, and seeking explanations from you as trustees Gonceming any such mallers. The procedures undertaken do not provid8 all the evidence that would be required in an audit, and consequently no opinion as to thelher the accounts present a 'lrue and falrview and the report is limlled to those matters Jet OLrt in the statement below. Indapendont examln•f 8 •tatement In connection with my examination, no matter has come lo my attention. which gives me reasonable cause to believe that in any matenal respect the requirements lo keep accounting ￿COrdS In accordance with section s130 of the 2011 Act.. and lo prepare a¢¢ounts vthich accord wth th8 accounting records and to comply Ylth the accounting requirements of the 2011 Act have not been met., or. 121 lo vhich, in my opinion, attention should be drav4n in order lo enable a proper under8t8nding of the accounts to be reached. Bells Accountants 10a High Street Chislehurst Kent BR7 SAN 17 December 24 TONIC THEATRE CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlcted R88trlcted Funds Fund8 Total Funds 2024 Total Fund8 2023 Recolpls Tumover Sponsorshlp Grants Gift Aid Donations 236,913 238,913 194,825 3,000 1,000 Total r•e•lpt• 236,963 236,938 199,729 Paymonts Charltable expendlture D1￿cl ch8ri18bla 8xpenditur8 25,042 25,042 31,000 Support costs Adminislralion.. Staff ￿818 Running costs 184,207 184,207 159,574 203,480 203.460 172,717 Govemance costs.. Accountancy fees 720 720 680 Total payments 229,222 229,222 204,397 Net r8celptsl(paymontsl 7,741 7,741 {4,868 Net assets blf 53,340 8,443 59,783 64.451 Net as8et8 clf 61,081 67,524 59,783 TONIC THEATRE CIO STATEMENTS OF ASSETS AND LIABILITIES ASA T31 MARCH 2024 2024 2023 Cash funds Bank cuffent account 88,084 73,340 A88ets rntalned lor OT*m u89 Accounts receivable 12,939 8.254 Llabllltles VAT Accruals 19.960 12.957 20,710 13.557 We approve the accounts on page8 5 to 7 and confirn that we have made available all relevant record8 and inf omatlon for their compilation. Signed on behalf of the trustees Sarah Holmes Chair, Board of Trustees Date., 10 January 25 TONIC THEATRE CIO NOTES TO THE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 1 Tru8te08 transactlon8 There Y￿re no transactions ¥Mth trustees during the year that require disclosure.