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2025-03-31-accounts

Charity registration number 1161873 (England and Wales)

HEAD2HEAD THEATRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

HEAD2HEAD THEATRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Oliver Clarke
Grace Evans
Akbar Khan
Alasdair McKiernan-Bruce
Demetria O'Sullivan
Amy Rhodes
Anthony Scholefield
Senior management Ann Rhodes-Steere Chief Executive Officer (Pro bono)
Charity number 1161873
Principal address Drewshearne Barn
Crowhurst Lane End
Oxted
Surrey
RH8 9NT
Independent examiner Gary Howard FCA
Howard Wilson Chartered Accountants
36 Crown Rise
Watford
Hertfordshire
WD25 0NE
Bankers CAF Bank
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ

HEAD2HEAD THEATRE

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 21

HEAD2HEAD THEATRE

TRUSTEES' REPORT

FOR THE PERIOD ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the period ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Charitable Aims and Objectives

The charity's objects are to relieve the needs of persons of all ages and, in particular, those with special educational needs and disabilities (SEND) by means of the arts, in particular but not exclusively the art of music, drama and dance. Where consistent with the aforesaid aims, the Charity will also support local and disadvantaged communities, developing partnerships with health and wellbeing groups and other service providers.

Public Benefit

It is a source of pride to the Charity that all its activities continue to be achieved at relatively low administrative cost in financial terms with most of its income at the disposal of its beneficiaries. The Charity has a ratio of 4:1 volunteers to paid staff. The Trustees are satisfied that the Charity’s activities for the year are in line with its aims and have had public benefit, having regard to the guidance on the latter issued by the Charity Commission.

Activities, Achievements, Partnerships and Future Plans

Under the direction of James MacLaren, the ‘Rumpelstiltskin’ multi-sensory pantomime was toured throughout London, South and SE England. Sixty six performances were given at special schools, groups and children’s hospices, reaching nearly 4,000 children and young people with special needs plus carers and family members. Grateful thanks for funding from the Arts Council England, East and West Sussex County Councils, Royal Borough of Kingston, Virgin Unite, Wm Allen Young Charitable Trust and the Sylvia Waddilove Foundation.

To meet growing demand, the Creative Team will tour two pantomimes over Christmas 2025-26, a re-worked ‘Rumpelstiltskin’ for Primary and Special Schools, and a new production of ‘Jack and the BeanSTEM’ for Special Schools. This latter will tie in with the Creative Team’s science theme for 2025-26.

“We brought our 2.5 year old to the show. He’s under review for autism. We had a great time, the show was funny, well drafted and the performers not only delivered a great play but also were incredible with all of the children. They were attentive to the children but not distracted or fell out of character. I was very impressed.” [Parent]

“Really good production. Involved children and responded when children came up on stage unscripted. Good response from families. Looking forward to next year already.” [EACH Children’s Hospice, Cambridgeshire]

The Creative Team retained ‘Thumb Size Grimm’ in the repertoire. It is a testament to the quality of this work that, with 39 performances, there has not been a decline in bookings for this show with over 1,500 children and young people benefitting from the experience.

“The show was hugely enjoyable and very much appreciated by our families (and us!). We really loved the event and can’t wait to come back for the pantomime!” [Rare Chromosome Disorder Support Group]

HEAD2HEAD THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

Mel Coomber joined as Workshop Facilitator and, following an introductory one-day session at Christmas, is now providing 4 or 5 day sessions during each holiday period.

“The Oxted Barn is such a beautiful venue with such amazing facilities and we felt so welcome and at home, thank you! My daughter absolutely loved the special sensory room! Wow! What a brilliant experience!” [Parent]

“Other groups he has attended he hasn’t wanted to go back as he was bored. These sessions, every day are fun, jam packed and building friendships. He loved every day.” [Parent]

With this growing interest, the Charity plans to establish ‘A Sense of Fun’ theatre group in Autumn 2025 with weekly sessions promoting health and wellbeing through drama. Generously funded by the Community Foundation for Surrey and the Mental Health Investment Fund, the group will make its first performance under the umbrella of DAISYFest (Disability Arts in Surrey) at the G-Live theatre, Guildford.

The Charity is delighted that its Ambassador, the Autism Actor, Georgia de Gidlow (BBC ‘A Kind of Spark’ series) has offered to lead drama workshops for children on the Autism Spectrum during summer 2025.

The Charity is indebted to Anthony Sturley for providing monthly drumming workshops with the aim of improving communication, mental health and well-being among beneficiaries. With no available public transport, the local phone-in bus service has changed its drop-off point to outside the Charity’s Barn Hub, making journeys safer for vulnerable beneficiaries wishing to be independent.

The Charity’s Work Experience Programme continues to develop close partnerships with local special schools and the Orpheus Centre, a specialist college for the performing arts. Students are provided with hands-on experience in film technique, performance, stage management, front-of-house duties and hospitality. In the year under review, thirty young people passed through the programme, gaining invaluable experience for potential careers in the theatre or customer-facing jobs. In addition, over one hundred students have been involved in special school performances in front of their peers, an empowering and fun-filled experience.

“A' enjoyed working with the team. A friendly group that put him at his ease. I am putting him forward again for the crew position for the panto because I feel he could do a lot more for you now that he is not so shy.” [Parent]

The Charity’s Yearn2Learn education department, under the direction of Amy Rhodes, continues to develop. With each session limited to ten participants, the Charity’s experienced drama practitioners provided over five hundred learners with engaging, interactive scenarios in a range of educational subjects that develop listening, recognition, and comprehension skills in a hands-on and playful way, providing a powerful and accessible way for beneficiaries to learn about geography and history.

“Loved the show- was really sensory and inclusive. The set up was amazing and really drew you in to the theatre of it all.” [The Children’s Trust]

HEAD2HEAD THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

With generous funding from Tesco Community Foundation and the Boshier Hinton Foundation, ‘Yearn2Learn with the Tudors’ is being developed with pilot workshops for Special schoolchildren planned for Spring 2025.

The Charity’s YouTube Learning Channel continues to expand. Episode Four of the ‘Sensory Squad’ video series, ‘Playtime at the Palace’, has been filmed in collaboration with Hampton Court for release in late 2025. The charity is indebted to the following for funding this part of the project: the Alchemy, Douglas Arter and Barbara Ward Children’s Trusts, and Historic Royal Palaces. Animated resources support families to create a multi-sensory, interactive experience for children while watching the video at home.

Following the success of an accessibility video for the Whitehall Historic House (Cheam), one for Wimbledon Museum is in its final editing phase for release in summer 2025. Excellent feedback from its Head of Engagement was supplemented with an offer to include details of the Charity on the museum website.

“So pleased with the result. We are certain that it will be a tremendous help to those who want to visit the museum.” [Wimbledon Museum]

The Charity continually monitors and evaluates its work to ensure that children and young people with special needs get the most from their theatre experience. For children, impact is measured through cards written in Widgit symbol language. Smiley/non-smiley faces encourage them to indicate, with pencil tick, finger pointing or eye movement, which face best expresses their experience. Over the past six years we have received nearly one hundred percent approval. We also use actor observation along with photographic and video evidence to demonstrate the impact and measure engagement. Families are asked to complete a post-show questionnaire which looks at how children engaged with the performance. A survey of the Charity’s work for 2024-25 has elicited that, following our activities:

Permanent Base

The Charity has settled into its new base at Drewshearne Barn Hub, Oxted. The Charity Bank loan reduced from £287,388 to £273,084 despite rising interest rates. Thanks to generous funding from the Rural England Prosperity Fund, Tandridge Parish and District Councils, the phase 2 refurbishment plan is complete, with the Barn Hub providing opportunities for the Charity to increase its social investment within the community, attracting collaborations and partnerships that will help to sustain and expand its work.

“The space was absolutely fantastic – lots of space and very welcoming. It was a lovely, relaxed, friendly event. The sensory room was VERY popular. Some people really didn’t want to leave.” [Unique Rare Chromosome Disorder Support Group]

With funding from Tandridge Community Fund and the Community Foundation for Surrey, the Charity has established a weekly Memory Café for the elderly, the frail and people living with Dementia and their carers. Each week provides beneficiaries with a different stimulating activity: live music, seated dance movement, bingo and nutritious cookery sessions. The project is supported by local GP surgeries, Home Instead and the Alzheimer’s Society.

“These social opportunities are so important to carers and people with dementia and, having met your team, I am confident the café offers exactly this support in a supportive and positive environment.” [Alzheimer’s Society, East Surrey]

Although only operating for nine months the success of this project has resulted in an enquiry to open a satellite café in another part of Tandridge.

The Charity remains committed to providing healthy and social activities for its rural hamlet community. From summer 2025 Lynda Blyth-Phillips will run weekly Dance2Bfit classes for the over 50s and, judging by early interest, this promises to be a much-needed provision.

HEAD2HEAD THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

Use of Volunteers

The Charity continues to build a network of regular local volunteers to run the Memory Café and assist with the maintenance of building, props and costumes. The Charity is indebted to the Titsey Rotary, Caterham, Godstone and Oxted Lions clubs for providing invaluable financial and volunteer support.

Virgin Media O2 corporate team support continues into its fourth year with regular visits to maintain the grounds and building, saving the Charity a considerable amount of time and money.

The Charity maintains its ethos of being a ‘volunteer-led’ charity. With grateful thanks to the invaluable support received from the following volunteers:

Anni (CEO) Richard (Finance) Alasdair (Fundraising) Linda, Rosemary, Vicky, Carolyn, Melissa (Memory Café) Charmaine (Library) Tom (Maintenance) Liz and Patti (Wardrobe) Anthony (Drumming) Lynda (Dance)

and to the part-time paid staff who collectively work the equivalent of 1.25 persons and go above and beyond to support the Charity:

Brenda and Eve (Administration) Lisa (Marketing) Jude and Katie (Finance)

Fundraising Achievements

The Charity could not exist without core cost grant support. This year funding has been received from the following: Foyle Foundation, Edward Gostling Foundation (Trustee Nomination), Anthony Scholefield Foundation and Ann Ryland Trust.

With its emphasis on securing regular giving the Charity is grateful to an increasing number of supporters who donate monthly and to those who attend the Charity’s fundraising events.

Financial Review

The Trustees are satisfied that the Charity’s activities for the year were in line with its aims and have had public benefit, having regard to the guidance on the latter issued by the Charity Commission. Earned Income rose by nearly ten percent, from £36,538 to £37,642.

It is a source of pride to the Charity that all its activities continue to be achieved at relatively low administrative cost in financial terms with most of its income at the disposal of its beneficiaries. Core costs of just £86,623, reflects the Charity’s aim of increasing reliance on volunteer support, and represents paid salaries, mortgage repayments, van, office and sundry repairs. The final cost of redevelopment of the Charity’s Barn Hub was £68,497.

Reserves Policy

At 5 April 2025 the Charity had restricted funds amounting to £27,676 relating to grant-funded productions planned for delivery over the ensuing 12 months, together with unrestricted reserves of £294,100, of which £237,547 is represented by fixed assets less outstanding loans, leaving readily accessible reserves of £56,553. The Trustees agreed that, from unrestricted reserves, the Charity should maintain four months of fixed operating costs plus a contingency figure necessary when maintaining an old building. This policy allows for a reduction of income or lack of fundraising success during any particular year whilst allowing the charity to continue its activities at the current level for four months. This currently equates to a contingency reserves level of £50,000. Any excess at any one time to be used to extend or create new charitable services.

HEAD2HEAD THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

Risk Review

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. All sessions and events are risk assessed and the Trustees update all policies and procedures on a rolling basis . The Trustees and Management will continue to review operations, resources and costs to grow income and improve reserves to ensure the Charity’s future.

Structure, governance and management

Head2Head Theatre is a Charitable Incorporated Organisation (CIO) governed by its constitution dated 17 January 2015 (amended 6 July 2020 and 11 March 2024). The CIO was registered as a charity by the Charity Commission on 28 May 2015, registration number 1161873.

The trustees who served during the period and up to the date of signature of the financial statements were: Oliver Clarke (Appointed 15 July 2024) Grace Evans Nicholas Jones (Resigned 30 September 2025) Akbar Khan Demetria O'Sullivan Amy Rhodes (Appointed 16 September 2024) Anthony Scholefield Calleigh Lawrence (Resigned 15 July 2024) Alasdair McKiernan-Bruce (Appointed 10 June 2025)

The Charity is indebted to all Trustees for their support.

Recruitment and appointment of trustees

The activities of the Charity are overseen by a board of volunteer Trustees, each bringing an aspect of skill, experience and/or networking capability which contributes to fulfilment of the Charity’s aims.

New Trustees are invited onto the Board by the existing Trustees, having been made aware of the aims and scope of the Charity and of their duties and responsibilities as Trustees. The Trustees reflect the needs of the Charity and they offer a wide range of skills and experience.

Organisational structure

Day to day operations are delegated to the pro bono CEO, Ann Rhodes-Steere who reports to the Trustees who meet at least six times per year. The Charity’s part-time professional staff, cumulatively, work the equivalent of 1.25 personnel. With the exception of two Administrators who job share the running of the Barn Hub, all staff work remotely. Without the support of a devoted team of volunteers in Finance, Administration and Fundraising, the Charity's work could not be sustained.

Induction and training of trustees

New trustees undertake a rigorous interview process. The pro bono CEO provides a guided tour of all services, information on the history of the organisation and current operations.

The charity Trustees make available to each new charity Trustee, on or before their appointment:

HEAD2HEAD THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

Relationship with related parties

During the year, production and performance fees of £13,897 were paid to one of our Trustees, Amy Rhodes, all at the Charity’s normal remuneration rates for professional actors. Amy also provides the Charity with substantial amounts of pro bono time in relation to administration, production work, fundraising and marketing. The Charity followed the procedures set out in sections 185 to 188 of the Charities Act 2011 when making these payments.

Thanks

A debt of gratitude is owed to Donors, Volunteers, Trustees, Patrons, Actors and part-time staff members, whose loyalty, commitment and hard work helped make the above possible.

The Trustees report was approved by the Board of Trustees.

A>J>Scholefield

Anthony Scholefield

Trustee

12 October 2025

HEAD2HEAD THEATRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HEAD2HEAD THEATRE

I report to the trustees on my examination of the financial statements of Head2Head Theatre (the charity) for the period ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Gary Howard FCA

Howard Wilson Chartered Accountants 36 Crown Rise Watford Hertfordshire WD25 0NE 14 October 2025

HEAD2HEAD THEATRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE PERIOD ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
13,259
-
Charitable activities
4
61,717
139,090
Other trading activities
5
2,244
-
Investments
6
3,033
-
Total income
80,253
139,090
Expenditure on:
Raising funds
7
-
2,880
Charitable activities
8
91,455
118,919
Total expenditure
91,455
121,799
Net income/(expenditure)
(11,202)
17,291
Transfers between
funds
33,136
(33,136)
Net movement in
funds
9
21,934
(15,845)
Reconciliation of funds:
Fund balances at 6 April 2024
272,166
43,521
Fund balances at 31 March
2025
294,100
27,676		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
13,259
11,377
10,000
200,807
36,538
265,166
2,244
-
-
3,033
3,629
-
219,343
51,544
275,166
2,880
-
-
210,374
78,854
176,031
213,254
78,854
176,031
6,089
(27,310)
99,135
-
121,314
(121,314)
6,089
94,004
(22,179)
315,687
178,162
65,700
321,776
272,166
43,521		 Total
2024
£
21,377
301,704
-
3,629
326,710
-
254,885
254,885
71,825
-
71,825
243,862
315,687

The statement of financial activities includes all gains and losses recognised in the period. All income and expenditure derive from continuing activities.

HEAD2HEAD THEATRE

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
17
Net assets
The funds of the charity
Restricted income funds
19
Unrestricted funds
20
General funds
Designated funds
Total unrestricted funds		 2025
£
£
580,882
976
118,529
119,505
(45,507)
73,998
654,880
(333,104)
321,776
27,676
56,553
237,547
294,100
321,776		 2024
£
£
579,723
7,806
136,838
144,644
(40,984)
103,660
683,383
(367,696)
315,687
43,521
70,081
202,085
272,166
315,687

The financial statements were approved by the trustees on 12 October 2025

Akbar khan A>J>Scholefield Akbar Khan Anthony Scholefield Trustee Trustee

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Head2Head Theatre is a Charitable Incorporated Organisation (CIO).

1.1 Reporting period

For administrative simplicity, the Trustees decided to amend the charity's accounting reference date to be 31 March from 5 April with the result that this accounting period is for a period of 360 days instead of a full year.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.5 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Grants relating to revenue are recognised in the Statement of Financial Activities (SOFA) on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Grants relating to capital assets are recognised in the SOFA when the related asset is acquired.

Deferred income relates to upfront payments received by the charity for services that are yet to be delivered. deferred income is recognised in the SOFA once the income has been earned.

1.6 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is reported under its natural headings.

Expenditure on raising funds includes the costs of all fundraising activities and events. This includes advertising, marketing, direct mail and publicity costs.

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings over 50 years Freehold improvements over 10 years Plant and equipment over 4 years Motor vehicles over 4 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
13,259
-
Income from charitable activities
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Theatre, Performance, Touring and Barn hub
Performance income
37,642
-
Grant income for
charitable activities
24,075
93,205
Grant income for capital
works and refurbishment
-
45,885
61,717
139,090
Grants analysis
National Lottery Community Fund
Arts Council England
The Rural England Prosperity Fund
Virgin Unite Local Legends Fund
Barbara Ward Children's Foundation
Surrey County Council
West Sussex County Council
East Sussex County Council
Morrisons
The Edward Gostling Foundation
Other		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
13,259
11,377
10,000
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
37,642
36,538
-
117,280
-
139,074
45,885
-
126,092
200,807
36,538
265,166
2025
£
20,000
2,950
36,929
10,000
5,000
8,378
12,194
10,751
8,956
25,000
23,007
163,165		 Total
2024
£
21,377
Total
2024
£
36,538
139,074
126,092
301,704
2024
£
41,155
26,550
-
-
5,000
82,846
22,950
10,000
-
-
76,665
265,166

4 Income from charitable activities

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 2,244 -
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 3,033 3,629
7 Expenditure on raising funds
Restricted Restricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staff costs 2,880 -

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

8 Expenditure on charitable activities

Theatre, Performance, Touring and Barn hub
Direct costs
Staff costs
Depreciation and impairment
Production costs
Filming costs
Touring costs
Travel costs
Marketing costs
Premises costs
Office costs
Refurbishment costs
Work Experience Programme costs
Loan interest
Professional fees
Independent examiners fee
Analysis by fund
Unrestricted funds
Restricted funds
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2025
£
25,977
32,994
25,599
7,964
40,473
956
2,105
1,556
7,157
34,344
4,693
25,056
-
1,500
210,374
91,455
118,919
210,374
2025
£
1,500
32,994		 2024
£
16,918
28,163
44,440
28,933
43,139
1,657
1,527
10,653
3,345
25,248
2,918
26,415
20,029
1,500
254,885
78,854
176,031
254,885
2024
£
1,500
28,163

10 Trustees

Amy Rhodes, who is the a Trustee of the charity, was paid £17,041 relating mostly to touring and production costs. Production and performance fees of £13,897 were included in that figure, these were paid at the charity’s usual remuneration rates for professional actors. In addition to the hours paid for, Amy also provides the Charity with substantial amounts of pro bono production time.

None of the other trustees (or any persons connected with them) received any remuneration or benefits from the charity during the period.

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

11 Employees

The average monthly number of employees during the period was:

Charitable service delivery
Employment costs
Wages and salaries		 2025
Number
3
2025
£
28,857		 2024
Number
4
2024
£
16,918

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

Freehold land
and buildings
Freehold
improvements
Plant and
equipment
£
£
£
Cost
At 6 April 2024
484,195
82,961
31,730
Additions
-
24,712
9,441
At 31 March 2025
484,195
107,673
41,171
Depreciation and impairment
At 6 April 2024
9,684
8,296
7,933
Depreciation charged in the period
9,684
10,767
10,293
At 31 March 2025
19,368
19,063
18,226
Carrying amount
At 31 March 2025
464,827
88,610
22,945
At 5 April 2024
474,511
74,665
23,797
14
Debtors
Amounts falling due within one year:
Prepayments and accrued income		 Motor
vehicles
£
9,000
-
9,000
2,250
2,250
4,500
4,500
6,750
2025
£
976		 Total
£
607,886
34,153
642,039
28,163
32,994
61,157
580,882
579,723
2024
£
7,806

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

15 Loans and overdrafts

Bank loans
Other loans
Payable within one year
Payable after one year		 2025
£
273,084
70,251
343,335
10,231
333,104		 2024
£
287,139
90,250
377,389
9,693
367,696

The charity received a loan from Charity Bank of £308,750 on 19 August 2021 on a 25 year term at a rate of interest of 3.75% above Bank of England base rate. The loan is secured on the charity's freehold premises at Drewsherne Barn, Crowhurst Land End, Oxted RH8 9NT.

The charity has two other unsecured interest free loans from related parties, which were used to purchase the charity's freehold premises.

The details of the loans are as follows:

Anthony Scholefield (Trustee) - loan of £61,250 over a maximum period of 20 years. After repayments made to date, the balance outstanding at the year end is £40,250.

Ian Steere (Husband of the charity's pro bono CEO) - loan of £50,000 over a maximum period of 20 years. After repayments made to date, the balance outstanding at the year end is £30,000.

16 Creditors: amounts falling due within one year

Notes
Bank loans
15
Other borrowings
Deferred income
18
Other creditors
Accruals
Creditors: amounts falling due after more than one year
Notes
Bank loans
15
Other borrowings		 2025
£
4,668
5,563
25,000
-
10,276
45,507
2025
£
268,416
64,688
333,104		 2024
£
4,118
5,575
25,000
875
5,416
40,984
2024
£
283,021
84,675
367,696

17 Creditors: amounts falling due after more than one year

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

18
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the period:
Deferred income at 6 April 2024
Released from previous periods
Resources deferred in the period
Deferred income at 31 March 2025		 2025
£
25,000
2025
£
25,000
25,000
(25,000)
25,000
25,000		 2024
£
25,000
2024
£
25,000
-
-
25,000
25,000

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 6 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Barn Refurbishment 250 45,885 (22,973) (23,162) -
Sensory Squad Filming - 11,600 (2,965) - 8,635
New Hygiene Room 1,037 - (1,037) - -
New Sensory Room 517 - (391) - 126
Productions and Touring 4,466 35,895 (33,296) 164 7,229
Growth and Development 22,843 20,000 (31,131) (10,992) 720
Work Experience Programme 997 - (997) - -
Workshops - Mental Health 2,673 2,500 (3,580) 854 2,447
Other 10,738 23,210 (25,429) - 8,519
43,521 139,090 (121,799) (33,136) 27,676

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

19 Restricted funds (Continued)
Previous year: At 6 April Incoming Resources Transfers At 5 April
2023 resources expended 2024
£ £ £ £ £
Barn Refurbishment 3,006 104,024 (3,161) (103,619) 250
Sensory Squad Filming 302 20,000 (21,099) 797 -
New Hygiene Room - 15,500 (496) (13,967) 1,037
New Sensory Room - 6,568 (182) (5,869) 517
Productions and Touring 14,415 79,388 (90,379) 1,042 4,466
Growth and Development 25,729 41,155 (44,041) - 22,843
Work Experience Programme 4,350 - (3,353) - 997
Workshops - Mental Health 3,000 - (327) - 2,673
Other 14,898 8,531 (12,993) 302 10,738
65,700 275,166 176,031 (121,314) 43,521

Barn Refurbishment is funding towards the refurbishment of the charity's theatre building. This fund includes amounts received from Morrisons and The Rural England Prosperity Fund and the balance of funding received in the previous period.

Sensory Squad Filming is funding towards the cost of production and filming. This fund includes amounts received from The Barbara Ward Children's Foundation, Hampton Court Palace, The Alchemy Trust, some smaller donations and the balance of funding received in the previous period.

New Hygiene Room is funding towards the costs of a new hygiene room. This fund includes amounts received from Wooden Spoon and Tandridge Sparks.

New Sensory Room is funding towards the costs of a new sensory room. This fund includes amounts received from Toy Trust and Bauer Radio Cash for Kids.

Productions and Touring Fund is funding towards the production, filming and touring costs of various productions. This includes amounts received from Arts Council England, West Sussex CC, East Sussex CC, The Sylvia Waddilove Foundation, Tesco and Royal Borough of Kingston. The fund also includes some smaller grants and the balance of funding received in the previous period.

Growth and Development Fund is grant funding received from the National Lottery Community Fund to grow and develop the charity and its activities.

Work Experience Programme is funding from Shanly Foundation and Trinity College towards the costs of the programme.

Workshops - Mental Health is funding from The Mental Health Investment Fund and the balance of funding received in the previous period.

Other is various other grants towards the cost of various charitable activities. It includes funds received from Boshier Hinton Foundation, Community Foundation for Surrey's Dancer Fund, Lions Club Caterham, Tandridge District Council, Virgin Unite Local Legends Fund, William Allen Young Charitable Trust and Twinkl Community Action. The fund also includes the balance of funding received in the previous period.

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 6 April Incoming Resources Transfers At 31 March
2024 resources expended 2025
£ £ £ £ £
Fixed Asset Fund 202,085 - (32,994) 68,456 237,547
General funds 70,081 80,253 (58,461) (35,320) 56,553
272,166 80,253 (91,455) 33,136 294,100
Previous year: At 6 April Incoming Resources Transfers At 5 April
2023 resources expended 2024
£ £ £ £ £
Fixed Asset Fund 106,903 - (28,163) 123,345 202,085
General funds 71,259 51,544 (50,691) (2,031) 70,081
178,162 51,544 (78,854) 121,314 272,166

The Fixed Asset Fund represents the net book value of the charity's fixed assets less the balance of related outstanding loans.

21 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets 580,882 - 580,882
Current assets/(liabilities) 46,322 27,676 73,998
Long term liabilities (333,104) - (333,104)
294,100 27,676 321,776

HEAD2HEAD THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025

21 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 5 April 2024:
Tangible assets 579,723 - 579,723
Current assets/(liabilities) 60,139 43,521 103,660
Long term liabilities (367,696) - (367,696)
272,166 43,521 315,687

22 Related party transactions

There were no disclosable related party transactions during the period (2024 - none).