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2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1164103

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

HUBBUB THEATRE COMPANY

Hubbub Theatre Company

Contents

For the year ended 31 March 2025

Page
Trustees’ Report 1-5
Independent Examiner’s Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9-15
Detailed Income and Expenditure Account 16

Hubbub Theatre Company

T rustees’ Report For the year ended 31 March 2025

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Objectives and Activities

Charitable Objects

  1. For the public benefit to advance education and promote public appreciation of the art of drama. 2. To relieve the needs of people with learning and/or physical disabilities by providing them with opportunities to engage in theatre, drama, and movement as a creative, social, and educational experience.

The charity’s principal artistic aims for 2024 -2025 were:

To secure funding to enable the charity to continue to develop creative work with company, community, educational partners, and venues, increasing Learning Disabled and quality arts provision in Derby, the East Midlands and beyond.

To bring co-created work out to public performance with the aim of generating interest from future partners for further performances in the summer of 2024.

To offer creative, social and performance experiences for our Learning Disabled community with weekly activity, The Hub, and to develop the new Tuesday group.

To expand the Get Involved programme for people with additional needs, to feel they are fulfilling their individual potential, with a sense of purpose, community, and creative expression facilitated through being part of Hubbub Theatre Company.

To bring communities in Derby/shire to experience a greater sense of connectedness through Hubbub’s work - from those supporting members to audiences and attendees with and without Additional Needs at our social events.

New connections to be brokered for organisations who support people with Additional Needs, lessening the pressure on individual services through a feeling of joined-up provision. Reaching new partners and collaborators.

Lead the Reimagine legacy programme and become SEND lead and hub for delivery of a new multi partner programme – CANVAS project.

To continue our influence as a sector lead, including successfully continuing as an Associate Artist at Derby Theatre & Deda.

To continue to strengthen the core team, creative team, co-leadership, and board to increasingly represent the people that Hubbub works with and for; ensuring people with lived experience are meaningfully represented at all levels of the organisation as well as extending the representation of people from all underrepresented protected characteristics.

Chapel Street (formerly Deda)

In the Autumn of 2024 Hubbub faced a major challenge as our ‘home’ with Deda at 19 Chapel Street in Derby was put under threat. Deda went into administration, and we went into negotiations and meetings with the building landlord, Derby City Council to keep the space open and useable for the Hubbub Community. Both trustees and staff went over and above to ensure the space was kept ‘open’ for our participants, and Hubbub also facilitated the use of the building by other external users and has been a part of the success of keeping the venue operational.

This had a major impact on staff capacity and left the organisation with uncertainty and planning in the short term and being reactionary to external developments.

The building is now fully open and operated by Derby City Council, Derby Live Team. We continue to run our programme and our administration from the newly named ‘Chapel Street Arts Centre’.

Despite the uncertainty for almost half the year, we achieved an enormous amount, despite continued funding challenges (including two unsuccessful applications to Arts Council England for project grants to develop performance work), in this period April 2024- March 2025. This included:

1

Hubbub Theatre Company

Trustees’ Report For the year ended 31 March 2025

ACHEIVEMENT AND PERFORMANCE (continued)

Reimagine Legacy project – CANVAS

CANVAS is a city-wide project with different arts organisations delivering on various strands of the project including Derby Theatre, Baby People and Derby Quad. Hubbub continued to be the SEND hub and lead for CANVAS with our partner Sinfonia Viva. Delivery continued throughout 2024-2025. The programme consists of weekly sessions lasting 2 hours (plus holiday sessions) culminating in a celebration event in July 2025. The programme will end in December 2025. The programme is aimed at C&YP and is regularly attended by 15 C&YP.

The Hub – Get Involved Programme (supported by National Lottery Reaching Communities)

The aims of the Hubbub Theatre ‘Get Involved’ programme are:

The Hub continued to deliver weekly drama activity reaching 35 participants on a weekly basis, through 2 weekly workshops. In 24/25 the programme was supported through a one-off grant from Awards for All to support the staffing capacity, to ensure we have adequate and appropriate staffing to support the complex needs associated with adults with Learning Disabilities and Autism which often includes complex and critical mental health support.

We have travelled all over Derby, Derbyshire and the East Midlands and worked with a variety of stakeholders, delivering activities to all age ranges, and included work with carers, families and people working in education and school groups. We delivered a further 15 outreach workshops, reaching 366 participants.

We delivered 2 Social Events:

Co-Leadership:

Throughout Year 2 we continued to support and develop our community Get Involved Co-Directors to lead all activity along with the community & team. Anil Chand and Bethany Smith continue to be our Co-Directors for the Get Involved programme, they are supported and mentored by programme staff team member and Co-Director, Stevie Prowting.

Transforming Leadership

24-25 saw the inauguration of the Leadership Group. The Leadership group is made up of Co-Leaders: Bethany Smith, Anil Chand, and Co-Chair Bharat Singh. The leadership group works directly with the trustees and consults with the wider Hubbbub community, ensuring engagement in the decision making and development of the organisation. All three lead presentations at our last away day with trustees in February 2025. Both Bharat and Anil completed the development of their leadership skills through the Transforming Leadership programme led by Access All Areas. The progamme was a national arts programme putting learning disabled and autistic people at the heart of cultural leadership and is in partnership with some of England’s leading theatre venues, such as Derby Theatre and Battersea Arts Centre.

2

Hubbub Theatre Company

Trustees’ Report For the year ended 31 March 2025

ACHEIVEMENT AND PERFORMANCE (continued)

Company Development 24-25:

Throughout 24-25 the Company continued to meet twice weekly in our dedicated studio space at Chapel Street Arts Centre, Derby (formerly Deda). Their training included a focus on Dance Development and Clowning with guest artists including Lucy Haighton. Performances of work created took place at Chapel Street Arts Centre in July 2024 & with Derby Live/Nordic Bar Tipi (Derby Market Place) in December 2024. Members of the company continued to lead workshops and co- lead the ‘Get Involved’ programme on a regular basis. The company were fully engaged in co-leading the external Hubbub Way Training in January 2025.

Hubbub Way Training

Throughout 24-25 we continued to offer our Hubbub Way Training 2-day course. We delivered a 2-day training programme in January 2025 at Chapel Street Arts Centre, Derby to individual artists/practitioners, education staff from local schools and creative support workers from: Birmingham Hippodrome Theatre, Lichfield Garrick Theatre, Icon Theatre, as well as developing our volunteers and trustees.

Indvidual members continued to make progress and develop their skills in performance and facilitator delivery including:

– Bethany Smith Co-Leader (Dance Specialist)

Bethany was invited to showcase her work as a dancer and choreographer at Wirksworth Festival alongside fellow Hubbub company member Matthew Schoonerweord. She performed for peers at the University of Derby ‘Let’s Dance’ event in March and she was showcased in a photography exhibition ‘Why I Dance’ at Burton Brewhouse. She also co- led and created ‘Flocking’ the dance piece created for the company and shared at our Winter Showcase in December 2024.

Matthew J Fowler – Developing Your Creative Practice (Arts Council England)

Matthew is a performance poet, and a member of the Hubbub acting company. With support from Hubbub Matthew received funding from Arts Council England in January 2024 through the Developing Your Creative Practice programme to develop his training as a performer with Hubbub alongside developing his audiences through creating digital recordings and a live sharing of his performance poetry work. The work culminated in February 2025 with the publication of a new anthology of his work ‘Welcome to the Neuroverse’ and a public presentation of the work at Chapel Street Arts Centre, Derby, as well as other public presentations on his work supported by Hubbub. As well as mentoring support, Hubbub acted as Matthew’s Producer and supported the administration and financial management of the project.

Organisational Development and Staffing

In late 2024, we created 3 PAYE roles from our regular freelance team to give continuity to our participants, and to make financial savings.

– In January 2025 we also expanded the team to introduce a Co-Director Business & Finance, to reduce the administrative burden on the team and to ensure stronger governance and regulatory compliance.

Fundraising Activity:

3

Hubbub Theatre Company

Trustees’ Report For the year ended 31 March 2025

ACHEIVEMENT AND PERFORMANCE (continued)

Financial Review

Hubbub Theatre Company’s turnover in the year 2024 -25 was £399,388 falling slightly short of our starting budget of £424,045. This was largely due to some successful project applications, but our activity decreased accordingly to offset this, resulting in a £30,491 surplus against £217,441 budgeted.

Reserves Policy

The organisation aims to build up reserves to cover 6-9 months' operating costs in the event of a drop in income. For the 2025-26 financial year, this is likely to rise to the region of £167k - £250k. Unrestricted reserves on 31 March 2025 were £155,603 which is slightly short of this range, and it is the aim to keep building. Due to the nature of the Company’s work the trustees believe that, should the company need to be wound up, this should be done over a reasonable period to adequately support the wellbeing of our actors and participants in transitioning out of the company.

Public Benefit Statement

In exercising their powers, the trustees of Hubbub Theatre Company have complied with their duty to pay due regard to the CC guidance on public benefit.

Structure, Governance and Management

Hubbub Theatre Company is a Charitable Incorporated Organisation, constituted on 1 October 2015. The governing document is a foundation model constitution. Before incorporation, the current Artistic Director and Chief Executive Officer Jennifer Sumner ran a group using the name Hubbub Theatre Company as part of her sole trader practice.

No trustees were delegated to a committee during the year, and no amendments to the constitution were made.

List of Trustees from April 2024 - March 2025

Board Development

Hubbub continued to work with Access All Areas in their Transforming Leadership mission to genuinely engage more learning disabled and autistic leaders at all levels of the company, including Governance. Company member Bharat Singh continues in his trainee Co-Chair role and has attended board meetings throughout 2024-5. Bharat has advised the executive and trustees on best practice for engaging with Learning Disabled people. Bharat has convened and now leads the Leadership Group made up of members of autistic & learning disabled company members and participants from the Get Involved programme. Vickie Minion (Co-Chair) is supporting this process. The Co-Directors of the Company and Get Involved continue to report quarterly to the Board of Trustees with an update video. Questions can be returned to the Co-Directors and new ways to integrate these processes and make board meetings more accessible

4

Hubbub Theatre Company

Trustees’ Report For the year ended 31 March 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1164103 Registered office Hubbub Theatre Company Deda 19 Chapel Street Derby DE1 3GU The board of Trustees Vickie Minion (Chair) Parmjit Sagoo Emily Bowman Susan Gillott (appointed October 2024) Independent Examiner John Howard FCA Azets Audit Services Chartered Accountants 2[nd] Floor, Regis House 45 King William Street London EC4R 9AN Key management personnel Artistic Director - Jen Sumner

Approved by order of the board of trustees on 10 December 2025 and signed on its behalf by:

…………………………………………… Vickie Minion (Chair)

5

Hubbub Theatre Company

Independent Examiner’s Report For the year ended 31 March 2025

I report to the trustees on my examination of the accounts of the Hubbub Theatre Company (the Charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination

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 accounts to be reached.

J Howard FCA

Azets Audit Services Chartered Accountants 2[nd] Floor Regis House 45 King William Street London EC4R 9AN

Date: 29 January 2026

6

Hubbub Theatre Company

Statement of Financial Activities For the year ended 31 March 2025

Unrestricted
Restricted and
Endowment
Notes
funds
2025
Funds
2025
£
£
INCOME AND ENDOWMENTS FROM
Donations and grants
149,873
50,000
Charitable activities
Education through performing arts
159,641
-
___
__
Total
309,514
50,000
_
_
EXPENDITURE ON
Raising funds
34,303
-
Charitable activities
Education through performing arts
193,260
145,698
_
_
Total
227,563
145,698
_
_
NET INCOME/(EXPENDITURE) BEFORE
TRANSFERS
81,950
(95,698)
Transfers between funds
-
-
_
_
NET INCOME/(EXPENDITURE)
81,951
(95,698)
RECONCILIATION OF FUNDS
Total funds brought forward
143,936
-
_
____
Total funds carried forward
225,887
(95,698)

 Total
funds
2025
£
199,873
159,641

___
359,514
__
34,303
338,959
_
373,262
_
(13,747)
-
_
(13,747)
143,936
____
130,189
 Total
funds
2024
£
187,600
143,051
___
330,651
__
27,069
276,596
_
303,665
_
26,986
-
_
26,986
116,950
____
143,936

The notes on pages 11 to 17 form part of these financial statements.

7

Hubbub Theatre Company

Balance Sheet As at 31 March 2025

2025
Notes
£
CURRENT ASSETS
Debtors
11,657
Cash at bank and in hand
147,648
__
159,305
CREDITORS
Amounts falling due within one year
(29,116)
____
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 2024
£
£
5,566
156,494
__
162,060
(18,124)
_
___
130,189
__
80,189
-
50,000
____
130,189
 £
______
143,936
__
118,956
24,980
-
____
143,936

The financial statements were approved by the Board of Trustees on 10 December 2025 and were signed on its behalf by:

………………………………….

Vickie Minion (Chair)

The notes on pages 11 to 17 form part of these financial statements

8

Hubbub Theatre Company

Notes to the Financial Statements For the year ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparation of financial statements

These financial statements have been prepared in accordance with 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 2015) (Charities SORP (FRS 102)).

The charity has taken advantage of the disclosure exemption, otherwise requiring a Statement of Cash Flows, as permitted by Update Bulletin 1.

Public benefit

Hubbub Theatre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy;

Going concern

After reviewing the charity’s forecasts and projections and taking into account the economic conditions and possible changes in trading performance, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing the financial statements.

The trustees have also considered the impact of the COVID-19 pandemic on the future viability of the charity. Activity has now returned to pre-pandemic levels though attendance at public events has not quite returned to pre-pandemic levels, particularly in the LD community, many of whom are still shielding. Budgets for the coming year show a cautious approach to this income stream and predict a small surplus.

Consequently, the trustees have a reasonable expectation that the charity will have sufficient funds to continue to meet its liabilities as they fall due for the foreseeable future and therefore have prepared the financial statements on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Income

All income, including grants, are recognised in the Statement of Financial Activites (SoFA) once the charity has entitlement to the income, it is probably that the income will be received and the amount of income receivable can be measured reliably.

Incoming resources from charitable activates includes income from performance fees received under contract. Grant income included in this category provided funding to support performance activities, touring or workshop projects and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Grants received for specific purposes are treated as restricted funds. Income is deferred when performance fees or grants are received in advance of the performance or event to which they relate.

9

Hubbub Theatre Company

Notes to the Financial Statements (continued) For the year ended 31 March 2025

1. ACCOUNTING POLICIES (continued)

Expenditure

Expenditure is recognized 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs, involved in undertaking each activity.

Direct costs attributable to a single activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Central costs are allocated on the basis of time spent.

Pension costs and other post-retirement benefits

The charity contributes to personal pension plans and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

Taxation

The charity is exempt from corporation tax in respect of income to the extent that such income is applied exclusively to charitable purposes.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

General funds are unrestricted which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors of which have been raised by the charity for particular purposes. The costs of raising and administering the funds are charged against the specific fund. The aim and use of the restricted fund is set out in the notes to the financial statements.

Operating leases

The charity classifies the rental lease as an operating leases, where substantially all of the benefits and risks of ownership remain with the lessor.

Rental charges are charged on a straight line basis over the term of the lease.

10

Hubbub Theatre Company

Notes to the Financial Statements (continued) For the year ended 31 March 2025

DONATIONS AND GRANTS
Grants–restricted
Grants - unrestricted
Total		 Total
funds
2025
£
50,000
149,873
______
199,873
 Total
Funds
2024
£
170,678
16,922
______
187,600

2. DONATIONS AND GRANTS

Grants were received in the year from The Edward Gostling Fund, National Lottery Community Fund, National Lottery Awards for All, Arts Council England, Access All Areas, Derby City Council and Garfield Weston Foundation.

3. INCOME FROM CHARITABLE ACTIVITIES

Actor training fees
Get Involved programme fees
Outreach/performance fees
Other income		 Total
Funds
2025

£
35,202
45,975
36,344
42,120
______
159,641
 Total
Funds
2024
£
38,526
38,502
31,213
34,810
______
143,051
4.
RAISING FUNDS
Direct costs
(note 6)
£
Cost of generating support income
-
______
-		 Support
costs
(note 7)
Salary, wage
and fee costs
(note 8)
£
£
-
34,303
__
____
-
34,303		 Total
£
34,303
______
34,303
5.
EXPENDITURE ON CHARITABLE ACTIVITIES
Direct costs
(note 6)
£
Programme costs
92,699
______
92,699		 Support
costs
(note 7)
Salary,wage
and fee cost
(note 8)
£
£
65,383
180,906
__
____
65,383
180,806		 Total
£
338,629
______
338,629

11

Hubbub Theatre Company

Notes to the Financial Statements (continued) For the year ended 31 March 2025

6. DIRECT COSTS

6.
DIRECT COSTS
Salary wage
and fee costs
(note 8)
Other direct
costs
£
£
Programme costs
82,411
10,258
__
_
82,411
10,258
___
______
7.
SUPPORT COSTS
Support costs, included in the above as follows:
Equipment
Premises
Office rental
Admin & marketing
Training
Travel & subsistence
Independent Examiner’s fee
Other Accountancy fees
Sundry
8.
SALARIES, WAGES AND FEE COSTS
Wages and salaries
Employer's national insurance costs
Pension costs
Freelance Fees
Total salaries wage and fee costs
These costs are allocated in the accounts as follows:
Marketing
Programme costs
Artist fees		 Total
2025
£
92,669
__
92,669
_
2025
£
4,540
4,088
36,972
2,889
4,497
4,404
3,840
2,670
1,483
_
65,383
__
2025
£
99,039
8,341
3,003
_
110,383
187,237
_
297,620
_
34,303
180,906
82,411
_
297,620
 Total
2024
£
91,026
______
91,026
__
2024
£
2,499
4,259
21,668
1,970
38,277
9,916
3,510
894
92
____
83,085
__
2024
£
80,513
1,396
1,549
__
83,458
118,484
_
201,942
_
27,069
102,485
72,388
____
201,942

The average number of employees during the year was 3 (2024: 2).

12

Hubbub Theatre Company

Notes to the Financial Statements (continued) For the year ended 31 March 2025

8. SALARIES, WAGES AND FEE COSTS (continued)

No employee received emoluments of more than £60,000 (2024: nil).

The key management of the charitable company comprise of the Trustees and the Artistic Director. The Trustees do not receive any remuneration for this role. The total employee benefits of the key management personnel for the charitable company were £54,131 (2024: £49,486)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for year ended 3 1 March 2025 (2024: Nil)

Trustees' expenses

No trustees (2024: 0) were reimbursed for travel expenses during the year.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (2024)

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
16,922
170,578
Charitable activities
Education through performing arts
143,051
-
_
_
Total
159,973
170,678
_
_
EXPENDITURE ON
Raising funds
27,069
-
Charitable activities
Education through performing arts
130,898
145,698
_
_
Total
157,967
145,698
_
_
NET (EXPENDITURE) BEFORE TRANSFERS
2,006
24,980
TRANSFERS
-
-
_
_
NET (EXPENDITURE)
2,006
24,980
RECONCILIATION OF FUNDS
Total funds brought forward
116,950
-
_
_
TOTAL FUNDS CARRIED FORWARD
1118,956
24,980
_
_
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Trade debtors
Accrued income
11,657
-
____
11,657
 _
 Total
£
187,600
143,051
_
330,651
_
27,069
276,596
_
303,665
_
26,986
-
_
26,986
116,950
_
143,936
_
2024
£
5,340
226
______
5,566

13

Hubbub Theatre Company

Notes to the Financial Statements (continued) For the year ended 31 March 2025

12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accruals and deferred income
Deferred Income
Balance as at 1 April 2024
Released in year
Deferred in year
Balance as at 31 March 2025		 2025
£
21,910
3,363
3,840
_
29,116
_
£
-
-
-
____
-		 2024
£
14,614
-
3,510
____
18,124
____

13. ANALYSIS OF NET ASSETS BETWEEN FUNDS

2025 2024
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Current assets and Fixed Assets 109,305 50,000 159,305 162,050
Current liabilities (29,116) (29,116) (18,124)
____ ____ ____ ____
80,189
____		 50,000
____		 139,189
____		 143,936
____
14. MOVEMENTS IN FUNDS Net Transfers
movement Between
At 1/4/24 funds Funds At 31/3/25
£ £ £ £
Unrestricted general funds 118,956 (38,767) - 80,189
Restricted funds
NLRCF Funding 6,500 (6,500) - -
Awards for All 18,480 (18,480) - -
Endowment funds
The Edward Gostling Fund - 50,000 - 50,000
____ ____ ____ ____
143,936
____		 (13,747)
____		 -
____		 130,189
____
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended funds
£ £ £
Unrestricted general funds 309,514 (348,281) (38,767)
Restricted funds - (24,980) (24,980)
Endowment funds 50,000 - 50,000
____ ____ ____
TOTAL FUNDS 359,514
____		 (373,261)
____		 (13,747)
____

14

Hubbub Theatre Company

Notes to the Financial Statements (continued) For the year ended 31 March 2025

14. MOVEMENTS IN FUNDS (continued)

Endowment funds

£50,000 was received from The Edward Gostling Fund in September 2024 for legacy funding in reserves. As per the terms of the deed, for a period of 5 years, the funds must be used towards the costs of the services, under the following conditions:

Comparatives for movements in funds Net Transfers
movement between
At 1/4/23 funds funds At 31/3/24
£ £ £ £
Unrestricted general funds 116,950 2,006 - 118,956
Restricted funds
NCLF Funding - 6,500 - 6,500
Awards for All - 18,480 - 18,480
____ ____ ____ ____
TOTAL FUNDS 116,950
____		 26,986
____		 -
____		 143,936
____
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended funds
£ £ £
Unrestricted general funds 159,973 (157,967) 2,006
Restricted funds
Awards for All 18,480 - 18,480
NLRCF Funding 88,248 (81,748) 6,500
ACE Regenerative Funding 53,950 (53,950) -
____ ____ ____
TOTAL FUNDS 312,171
____		 (303,455)
____		 26,986
____
15. OPERATING LEASE COMMITMENTS 2025 2024
£ £
The charity had total commitments under an operating lease as follows:
Expring:
Within one year 24,075
____		 24,075
____

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025 and 31 March 2024.

15

Hubbub Theatre Company

Detailed Income and Expenditure Account For the year ended 31 March 2025

INCOME AND ENDOWMENTS
Donations and grants
Grants
Charitable activities
Actor training fees
Get Involved programme fees
Outreach/performance fees
Other income




Total incoming resources
EXPENDITURE
Raising funds
Wages and salaries
Charitable activities
Direct costs
Wages and salaries
Direct fees
Other direct costs
Support costs
Other support costs
Total resources expended
Net income/(expenditure)		 2025
£
199,873
199,873
35,202
45,975
36,344
42,120




159,641
359,514
34,303
34,303
180,906
82,411
10,258
273,575
65,383
373,262
(13,747)		 2024
£
187,600
187,600
38,526
38,502
31,213
34,810
143,011
330,651
27,069
27,069
102,485
72,388
18,638
193,511
83,085
303,665
26,986

16

This page does not form part of the statutory financial statements