## **Odd Eyes Theatre**
## **REPORT AND FINANCIAL STATEMENTS**
## **31.03.24**
**CHARITY REGISTRATION NUMBER 1159836**
**LMC ACCOUNTING SERVICES 25 MALVERN ROAD HACKNEY LONDON E8 3LP**
**ODD EYES THEATRE**
## **YEAR ENDED 31st March 2024**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **DIRECTORS & TRUSTEES:**
|**DIRECTORS & TRUSTEES:**|||
|---|---|---|
||Diego Trucco|Chair|
||Letizia Mele|Treasurer|
||Flora Herberich||
||Jennifer Ellis||
||Sara-Jane Kaba||
||Dr Yasanji Chamara Ratnaike||
||Simrun Kaur-Rathore||
||Kirstin Sillitoe||
|**REGISTERED OFFICE:**|The Energy Centre||
||Unit 4||
||Bowling Green Walk||
||London||
||N1 6AL||
|**CHARITY REGISTRATION NUMBER:**|1159836||
|**EXAMINERS**|LMC ACCOUNTING SERVICES||
||25 MALVERN ROAD||
||HACKNEY||
||LONDON||
||E8 3LP||
|**BANKERS:**|CAF Bank Ltd||
||25 Kings Hill||
||West Malling||
||Kent||
||ME19 4JQ||
Page 1
Odd Eyes Theatre CIO No: 1159836
## **Trustees Report**
The Trustees present their report together with the financial statements for the year ended 31st March 2024
The accounts have been prepared in accordance with the Charity Commission guidance on the preparation of accounts by Charities with gross incomes of less than £250,000 and comply with the charity's governing document.
## **Registration**
The Charitable Incorporated Organisation (CIO) no. 1159836 was formed on the 7th of January 2015 and is governed by the conditions contained within its constitution.
## **Structures Governance and Management**
The Charity is governed by the model constitution for CIOs with voting members other than its Charity Trustees, provided by the Charity Commission.
Trustees are selected by appointment of the members of the CIO, or co-opted by the Board of Trustees during the year, in which case they are obliged to retire at the AGM
and stand for re-appointment by the members, should they so wish to do so.
## **Objectives and Activities, Achievements and Performance**
The Objects of the CIO are: to advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama.
During the year, the Trustees declare that they have had regard to the guidance issued by the Charity Commission on public benefit.
## **Programme**
2023-24 held a strong focus in strengthening the organisation, expanding the Charity’s board and diversifying the revenue stream whilst continuing to develop artistic and community reach, broadening training and placement opportunities, supporting young people and artists’ career progression beyond the life of the projects undertaken with Odd Eyes Theatre.
## **Artistic Programme**
## ON THE LINE
Following the model first tested with #Haters in 2017-2019, the production is in the process of being adapted for screen. This strategy has proven successful in reducing costs whilst enabling our flagship participatory programme Creative Debate to reach larger numbers of audiences, stimulating artistic conversations and social change. On The Line was also developed in response to #Haters.
2023-24 witnessed the intense pre-production activities towards the adaptation. We worked in partnerships with Camden People’s Theatre and Camden Youth Theatre, Hackney-based organisations Immediate Theatre, Hackney Shed and ELATT and secondary schools in East and North London delivering film workshops to prepare the young people to work on set.
Cheyanne Thompson and Emily Johnson, the two young women who originally created the story as part of a Creative Debate programme, were also involved supporting the crowdfunding campaign as ambassadors.
Due to the writer/director’s unforeseen housing emergency, filming dates, originally planned for February, were postponed to April, shifting production dates to the first quarter of 2024-25.
Page 2
## **Participation**
## CREATIVE DEBATE
Odd Eyes’ flagship programme Creative Debate continued to reach young people experiencing disadvantage, including asylum seekers and those with Additional Learning Needs, across six London boroughs. Odd Eyes' unique style of workshops and mixedmedia output is designed to increase critical skills, boost confidence, and offer a platform for participants to voice their views on issues that matter to them using social media, film and live performance.
We were able to deliver the programme thanks to our ongoing partnerships with Hackney Shed, ELATT and secondary schools across London, thus reinforcing existing links and promoting Odd Eyes’ unique style in the participatory arts landscape. Moreover, we also engaged with new youth charities and schools. Forming new partnerships with organisations that support vulnerable young women (Ashdon Jazz Academy, Lambeth), young people suffering from isolation (Stuart Low Foundation), refugees and asylum seekers, will allow us to continue to shape this programme according to the experiences of its participants.
_Stills from the short film Change, created in collaboration with Hackney Shed and Sutton House Trust_
The partnership with ELATT entered its fourth year. Odd Eyes’ programme supported the curriculum of Functional English Skills and Personal and Social Development classes, as well as ESOL. Bespoke projects designed for the college included: the London Slang Project and the British Values project, both of which involved creating social media content by the students, and the Theatre for Language pilot workshop. The latter laid the foundation for a 12-week course taking place in 2024.
_Instagram reels on British Values by PSD students._
## PLACEMENTS AND LEADERSHIP TRAINING
Placements were at the core of the Charity’s activities this year, offering the chance to young people and participants to develop useful employability skills is central to Odd Eyes Theatre’s mission.
One student from ELATT took a comprehensive year-long placement with Odd Eyes Theatre, gaining insight into all aspects of the organization’s work, including from attending 4 Board meetings where he gained knowledge of governance and production. This placement opportunity was further supported by one-to-one mentoring from Odd Eyes Theatre’s trustee Letizia Mele. 3 new graduates shadowed Creative Debate
Page 2
##
##
**ODD EYES THEATRE**
## **Independent Examiner's Report on the Accounts**
I report on the financial statements for the year ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 6 to 8
Respective responsibilities of Trustees and Independent Examiner Charities Act 2011 (the Act)
The charity's trustees consider that an audit is not required for this year under the Charities Act 2011 (the Act)
and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act,
- to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act), and
- to state whether particular matters have come to my attention.
Basis of Independent Examiner’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 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's statement
In the course of my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
proper accounting records are kept (in accordance with section 130 of the Act); and
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
LMC Accounting Services Independant Examiner
24thJune 2024
25 Malvern Road London E8 3LP
Page 3
## **ODD EYES THEATRE**
## **Statement of Financial Activities (incorporating an Income and Expenditure Account) For the Year Ended 31st March 2024**
|**Notes**
**Income from:**
2
75692
0
6488
8972
**Total incoming resources**
**Resources expended**
**Charitable Activity Costs**
3
3852
**Total resources expended**
Total funds brought forward
Transfers between funds
-48504
**Total Funds carried forward**
**Restricted**
**Funds**
**Income**
**Capital**
**£**
**£**
- Grants and donations
- Earned Income
-Miscellaneous Income
91152
0
3852
0
21037
59833
0
Net income/(expenditure)
for the year
87300
0|**Notes**
**Income from:**
2
75692
0
6488
8972
**Total incoming resources**
**Resources expended**
**Charitable Activity Costs**
3
3852
**Total resources expended**
Total funds brought forward
Transfers between funds
-48504
**Total Funds carried forward**
**Restricted**
**Funds**
**Income**
**Capital**
**£**
**£**
- Grants and donations
- Earned Income
-Miscellaneous Income
91152
0
3852
0
21037
59833
0
Net income/(expenditure)
for the year
87300
0|**Total**
**Funds**
**31.03.23**
0
89
**75781**
**6488**
149
**9121**
**66713**
0
48742
**52594**
73535
**73535**
0
48504
**0**
0
**33037**
**Unrestricted**
**Total**
**Funds**
**Funds**
**Designate**
**d**
**General31.03.24**
**£**
**£**
**£**
58720
7703
291
0
238
**91390**
0
48742
**52594**
12000
0
**33037**
**39859**
12000
0
**71833**
0
-48504
**38796**
**-6822**|
|---|---|---|
||3852
0||
||-48504
21037
87300
0||
||59833
0||
Page 4
##
||31.03.24|31.03.24|
31.03.23|
|---|---|---|---|
|||Total||
|FIXED ASSETS||||
|Tangible assets|||0|
|CURRENT ASSETS||||
|Debtors||||
|Cash at bank and in hand|72377||33632|
|Totalcurrentassets|72377||33632|
|CREDITORS-AMOUNTS FALLINGDUE||||
|WITHINONEYEAR|544||595|
|NETCURRENTASSETS||71833|33037|
|TOTALASSETS LESSCURRENT||||
|LIABILITIES||71833|33037|
|The Funds of the Charity||||
|Unrestricted Funds
- General||||
|- Designated||12000|12000|
|Capital Funds||||
|Restricted Funds||59833|21037|
|||71833|33037|
|A p p ro v e d b y th e T ru s t**e**s o n 1 2 " S u r . to a h d s i g n e d o n th ei r b e h a lf b y :||||
|12th Me JULY||||
**ODD EYES THEATRE**
**Notes to the Financial Statements For the Year Ended 31st March 2024**
## **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with applicable accounting standards and the Charities Statement of Recognised Practice (2005).
## **(a) Accounting convention**
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008).
## **(b) Tangible Fixed Assets**
Assets costing £100 and over are depreciated over its expected useful life, as follows:
Office and Production equipment 25% straight line method Furniture and Fixtures 25% straight line method
## **(c) Incoming Resources**
Income derived from co-production agreements, performance fees and other sales is credited to the Statement of Financial Affairs (SOFA) in the period to which it relates on the basis of entitlement - excluding value added tax. Grants and donations represent amounts from individuals, corporations, trusts and other funding bodies and are credited to the SOFA in the year in which they are receivable.
## **(d) Resources expended**
All expenditure is accounted for on an accruals basis.
Costs are allocated to a category in the SOFA either because such costs are directly incurred in relation to such category, or because they are support costs in respect of which an apportionment has been made between the SOFA categories.
## **(e) Taxation**
The Organisation as a registered charity ( number1159836 ) is exempt from taxation on most investment income insofar as it is applied for charitable purposes. The Organisation is also exempt from taxation on capital gains.
Page 6
**ODD EYES THEATRE**
**Notes to the Financial Statements For the Year Ended 31st March 2024**
## **2 INCOME**
## **GRANTS AND DONATIONS**
|||**OTL**|**COMMUNITY/ GENERAL**||||
|---|---|---|---|---|---|---|
|||**DIGITAL**|**CD**||**TOTAL**||
|ARTS COUNCIL||26992|
29996||56988|GRANT|
|SOUTH HPC|||2099|||TRUST & FOUNDATIONS|
|IRONMONGERS FOUNDATION|||4350||6449|TRUST & FOUNDATIONS|
|AWARDS FOR ALL|||9963||9963|GRANT|
|PAYPAL|||38||||
|BENEVITY CHARITABLE GIVING|||330|30|||
|AMAZON||||18|||
|GIVE AS YOU LIVE||||21|||
|EBAY||||20|
457|DONATIONS|
|**TOTAL GRANTS AND DONATIONS**|||||**73857**||
|**EARNED INCOME**|||||||
|ELATT|||5313||5313||
|HACKNEY SHED|||1175||1175||
|**TOTAL EARNED INCOME**|||||**6488**||
|**MISCELLANEOUS INCOME**|||||||
|BANK INTEREST||||113|
113||
|HMRC TTR||8344|||8344||
|COMPOSE|REFUND|12|||12||
|A SOBOWALE|REFUND|||37|
37||
|CROWDFUNDER UK|||616||616||
|**TOTAL MISCELLANEOUS INCOME**|||||**9121**||
Page 7
**ODD EYES THEATRE**
**Notes to the Financial Statements For the Year Ended 31st March 2024**
## **3 RESOURCES EXPENDED**
||**ARTISTIC/**|**COMMUNITY/ **|**GENERAL**||
|---|---|---|---|---|
||**OTL FILM**|**CD**||**TOTAL**|
|PENSION|||1780|
1780|
|SALARY|||24634|
24634|
|HMRC|||6012|
6012|
|ADMIN FEE|||1614|
1614|
|SUBSCRIPTIONS|||876|
876|
|BANK FEE|||60|
60|
|ASSISTANT PRODUCER FEE|||11827|
11827|
|FINANCE FEE|||637|
637|
|VENUE HIRE|73||533|
606|
|CONSULTANTS FEE|||350|
350|
|INSURANCE|||338|
338|
|MEETING||3|82
|
84|
|SET||41||41|
|TRAVEL|27|
66||94|
|CATERING||114||114|
|OUTREACH||59||59|
|EQUIPMENT/SCRIPT/PROPS|956|
453||1408|
|FACILITATOR||1778||1778|
|PRINTING||5||5|
|FUNDRAISING|224|||224|
|MARKETING|9|||9|
|ACTOR|45|||45|
|**TOTAL**|**1334**|**2518**|**48742**|**52594**|
Page 8