**Charity number: 1169024** **Company number: 10295645** **(England and Wales)** ## **Company Three Theatre** **Report of the Trustees and Unaudited Financial Statements** **For the period ended 31 March 2023** ## **Company Three Theatre Contents Page For the period ended 31 March 2023** |Report of the Trustees|1 to 6| |---|---| |Independent Examiner's Report to the Trustees|7| |Statement of Financial Activities|8| |Statement of Financial Position|9| |Notes to the Financial Statements|10 to 19| ## **Company Three Theatre Report of the Trustees For the period ended 31 March 2023** The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the period ended 31 March 2023. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** The Trustees confirm that they complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the " " Charity Commission's general guidance on public benefit Charities and Public Benefit . We have referred to the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our activities. In particular the Trustees have considered how planned activities will contribute to the aims and objectives they have set. The objects of the charity, as set out in Company Three's memorandum of association, are: _to advance education for the public benefit by the promotion of the arts, in particular but not exclusively, the art of drama._ We want teenagers to have the power to tell their own stories and make their own change; to be listened to, understood and celebrated. We believe if you invest enough in a long-term and in-depth relationship with young people, the benefits will resonate. We do this through three interconnected areas of activity: ## **In Islington** We provide long-term support and training for a company of local young people; providing a safe space in which to grow, explore and take risks. All young people are nominated by their teachers when they are 11 as someone who would benefit from our programme. ## **In London** We make plays in which our members can express themselves and the change they want to make, performed to audiences of people who have the most influence over their lives. ## **In the World** We proactively share our practice, process and plays so that they can be used and adapted with organisations and artists working with teenagers everywhere. 1 of 19 ## **Company Three Theatre Report of the Trustees Continued For the period ended 31 March 2023** ## **ACHIEVEMENTS AND PERFORMANCE** ## **KEY PROJECTS AND ACHIEVEMENTS IN 2022/23** ## **#BlackIs** Black is Safe is one of Company Three's affinity groups - spaces for young people who share identity to come together and express themselves. In 2020, when race was being talked about more than ever, our Black members were saying less in open spaces. On top of the trauma of watching Black murders at the hands of white police on their phones, the world was talking like they had just discovered daily racism and the impact it has. Our Associate Director Nuna Sandy created Black is Safe after noticing conversations between small groups of our Black members, speaking about topics which they had only covered on a surface level during our sessions. She wanted to create a bigger, better space where Black members and Black staff to have those unfiltered conversations, rants, musings, laughter and cries. To talk from a place where everyone already knew what you meant and you didn't have to caveat your story. Black is Safe is rooted in joy and celebrating each other in a way Black young people can't at school or in society. We can't discuss the Black British teenage experience without discussing our pain, but that always brings us back to joy because we need it more than ever. As the project grew, the participants felt more and more that they wanted to express some of their ideas and feelings publicly. They conceived and created a new play, called #BlackIs..., which captures some of their conversations and the things they want to say out loud. #BlackIs... the play was produced at the Pleasence Theatre in September 2022 to a sell out audience. ' _#BlackIs... was a great show! I felt like it helped me to understand what being Black means to young people & also many of the challenges they face daily. It was a brilliant show!'_ ' _I realised that my daughter is stronger than I knew that she is stronger than I was aware of, after the show #BlackIs I gave her more time and support. Our children, they are strong and I am so proud of them.'_ ## **When This Is Over** We have been developing the When This Is Over project since the summer of 2020. Along the way we've collaborated with more than fifty other youth theatres and won Community Project of the Year Award at the Stage Awards. When This Is Over began life as part of the Coronavirus Time Capsule, our online project that united more than 3,000 teenagers in 17 different countries during lockdown. It was the title of a video anticipating all the things that young people were looking forward to, and hoping for, at the end of the pandemic. That summer the first lockdown finished and we ran our first in-person work since the beginning of the pandemic. In socially distanced rooms, with everyone sitting in marked up boxes on the floor to prevent them from being too close, we started to create new work. Love, one of the eventual WTIO cast members, wrote a eulogy for herself that imagined her life lived out in infinite parallel universes. We used Love's writing as a starting point for a new play. Inspired by our exchange with hundreds of youth theatres on the Time Capsule project, we opened up our process, working with an initial cohort of sixteen other youth theatres to develop the play. Alongside these collaborations we worked with artists and campaigners like Inua Ellams and Letters to the Earth in 'gatherings', large online meetings of up to 100 young people, all collaborating digitally to make new work. Eventually, we used our experience of this collaboration to create a blueprint that enabled fifty other youth theatres to develop their own version of When This Is Over. Everyone performed in the autumn of 2021. Except us. Because, as we all knew - it wasn't over. Covid had come back with a vengeance and when three of us tested positive during technical rehearsals at the Unicorn Theatre in October 2021, we were forced to cancel. Two weeks later we staged a rehearsed reading of the play at the National Youth Theatre, a chance at last to see the play run from beginning to end. We were delighted to be able to finally produce the show at the Yard Theatre in November 2022. Five of the original cast remained and they will carried two years of development, collaboration and growth into the final production. Staged on a set made from repurposed scenery from other London shows, When This Is Over is a celebration of uncertainty, possibility and whether it's possible to go back to normal. 2 of 19 ## **Company Three Theatre Report of the Trustees Continued For the period ended 31 March 2023** ' _#WhenThisIsOver was all the things we need from theatre, dynamism, humour, provocation, sustainability, joy, big issues in bite sized pieces, playfulness, delightful storytelling, touching performances. Its important work!'_ _'#whenthisisover witty and moving and made me want to go out and yell at every adult with power: they need to use it to sort out the world and stop loading the responsibility for change onto the young. Gorgeous performances all round.'_ ## **Core Company** From September to March we have delivered regular sessions to our company of young people who live or go to school across Islington. Our numbers in terms of recruitment and retention, have been our best to date. This activity included scratch performance of five different plays in our annual December scratch night and these plays are now being developed to be part of our two week festival of new work Assembly in April 2023. We have continued to work hard to understand young people's needs post pandemic. By increasing our pastoral engagement to retain members and sustain engagement we have also been able to develop better relationships with families and support young people to attend our spaces and engage positively with education. Young people have enjoyed the opportunity to see a variety of professional work including The Cherry Orchard, Gone too Far, Sunny Side up and Groove. Young people were also able to support their peers at The Yard for their production of When This is Over. We have developed four 'affinity groups' to create space for young people who share the same identity, in response to emerging need from young people. Here young people share their collective cultural experiences, explore them creatively and create unique projects. We have heard directly from young people, the importance of this space for young people to be able to share their stories and create change, as well as the impact that having an artist who shares those experiences to lead them. ## **Organisational Development** We are extremely proud to join the Arts Council's national portfolio. This funding allows us to expand our core team of staff, supporting our ambition for an increasingly sustainable organisation. NPO will expand our partnerships across the sector as well as providing a reputational seal of approval. We have spent this year preparing for it by also moving our financial year inline with the Art's Council's Reporting and drafting a new business plan which will take effect from April 2023. We have continued to develop our evaluation models using storytelling evaluation to understand our members 'story' of a project and experience and through that understand their most significant change. We also continue to collect quantitative data and survey feedback from parents and audiences. 3 of 19 ## **Company Three Theatre Report of the Trustees Continued For the period ended 31 March 2023** ## **FINANCIAL REVIEW** Total income of September 2022 - March 2023 comprises of: - Donations £18,873 - Investment Income £69 - Operation of the Charity £12,261 - Other Income £17,661 - Grants £168,769 - **Total Income resources £217,633** ## Total Expenditure - Programme costs £138,398 - Marketing costs £1,268 - Staffing costs £77,872 - Charity running costs £18,705 - Governance support costs £1,137 - Fundraising costs £3,300 - **Total Resources expended £240,680** Programme delivery is a key element of all salaried staff roles however for the purposes of financial accounts we have kept the cost of salaried staff members separate from other direct programme delivery costs. At the close of 2022/23 we carried forward £93,169 into the next financial year. This figure comprises of: ## · £10,000 of restricted funds - £83,169 of unrestricted funds (designated for charity reserves) ## **Reserves** Policy on reserves The Board of Trustees have examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the operational expenditure. 4 of 19 ## **Company Three Theatre Report of the Trustees Continued For the period ended 31 March 2023** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Incorporated on 26 July 2016, Company Theatre Ltd is a Charitable Company Ltd by Guarantee. It is registered as a charity with the Charity Commission and as a company with Companies House. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In event of the company being wound up members are required to contribute an amount not exceeding £10. The Directors of the company are also charity trustees for the purposes of charity law and under the charity's articles are known as the directors of the Charity. The Trustees take ultimate legal and financial responsibility for the charity while the day-to-day running of the charity is delegated to the charity's Joint CEOs Becky Martin (Executive Director) and Ned Glasier (Artistic Director). The trustees may appoint any person who is willing to act as a trustee, they may also appoint trustees to act as officers. Trustees retire after 4 years with effect from the conclusion of the annual general meeting next after his or her appointment but shall be eligible for re-election at that annual general meeting for a further 4-year term. Officers retire from office after 2 years with effect from the conclusion of the annual general meeting next after his or her appointment but shall be eligible for re-election to that role at that annual general meeting for a further 2-year term. Silvia Dobrovich and Natasha Bonnelame have continued as our Co-Chairs supported by a small and effective group of trustees. Monika Parkison resigned at the end of her term this year. The Board worked with the Executive Team in the following ways: - Financial contingency planning -The Finance Committee worked with the Executive to ensure prudent financial planning for the year, including moving our financial year. - Fundraising Support -Fundraising committee worked with the Executive and offered advice on applications - Supporting the charity in its strategic development as it prepared to become a National Portfolio Organisation of Arts - Council England and the drafting of a new business plan. - Supporting Company Three's safeguarding practise through the safeguarding committee and reviewing the safeguarding - policy annually. New Board members receive an induction pack of information about Company Three and are expected to acquaint themselves with NVCO's Code of Good Governance. New Board Members are required to undertake safeguarding training and are supported to attend core company sessions to familiarise themselves with the charity's activities and the context within which it operates. The Board of Trustees conducts a review of the major risks to which the charity is exposed at each Board meeting where the charity's risk register is updated. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Company Three Theatre **Charity registration number** 1169024 **Company registration number** 10295645 **Principal address** Islington Central Library 2 Fieldway Crescent London N5 1PF 5 of 19 **Company Three Theatre Report of the Trustees Continued For the period ended 31 March 2023** ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Natasha Bonnelame (Co-Chair) Silvia Dobrovich (Co-Chair) Hannah D’Aguiar Tarek Iskander Monika Parkinson Timothy Power **Secretary** Ms Rebecca Martin **Independent examiners** Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW **Executive Team (Joint CEO)** Edward Glasier (Artistic Director) Becky Martin (Executive Director) (Maternity Leave December 2022-November 2023) Katie Burse (Executive Director Maternity Cover) (Non CEO) January 2023 – November 2023 **Bankers** The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester, M60 4EP Approved by the Board of Trustees and signed on its behalf by ............................................................................. 21st December 2023 6 of 19 ## **Company Three Theatre Independent Examiners Report to the Trustees For the period ended 31 March 2023** I report to the trustees on my examination of the accounts of the charitable company for the period ended 31 March 2023. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiners statement** 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: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the requirements of section 396 of the 2006 Act 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; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. 21st December 2023 ## Andrew M Wells FMAAT Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW 7 of 19 ## **Company Three Theatre** ## **Statement of Financial Activities (including Income and Expenditure Account) For the period ended 31 March 2023** ||**Notes**|**Unrestricted**|**Restricted**|**2023**|**2022**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income and endowments from:**|||||| |Donations and legacies|2|79,873|107,769|187,642|264,286| |Charitable activities|3|12,261|-|12,261|24,846| |Investments|4|69|-|69|29| |Other income|5|17,661|-|17,661|-| |**Total**||**109,864**|**107,769**|**217,633**|**289,161**| |**Expenditure on:**|||||| |Raising funds|6|(3,300)|-|(3,300)|(3,015)| |Charitable activities|7/8|(119,380)|(118,000)|(237,380)|(347,664)| |**Total**||**(122,680)**|**(118,000)**|**(240,680)**|**(350,679)**| |**Net expenditure**||**(12,816)**|**(10,231)**|**(23,047)**|**(61,518)**| |**Reconciliation of funds**|||||| |Total funds brought forward||95,985|20,231|116,216|177,734| |**Total funds carried forward**||**83,169**|**10,000**|**93,169**|**116,216**| 8 of 19 10295645 Registered Number : ## **Company Three Theatre Statement of Financial Position As at 31 March 2023** |**Notes**
**Current assets**
14
Debtors
Cash at bank and in hand
**Creditors: amounts falling due within one year**
15
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**The funds of the charity**
Restricted income funds
16
Unrestricted income funds
16
**Total funds**|**£**
**2023**
-
195,573
**195,573**
(102,404)
**93,169**
**93,169**
**93,169**
10,000
83,169
**93,169**|**£**
**2022**
19,669
140,637| |---|---|---| |||**160,306**| |||(44,090)
**116,216**| |||**116,216**| |||**116,216**| |||20,231
95,985| |||**116,216**| For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: 21st December 2023 9 of 19 ## **Company Three Theatre Notes to the Financial Statements For the period ended 31 March 2023** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) 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)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Company Three 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 note(s). The financial year end of the Charity was changed from 31 August to 31st March. Accordingly, the current financial statements are prepared for 7 months from 1st September 2022 to 31st March 2023. ## **Going concern** The financial statements are prepared, on a going concern basis, under the historical cost convention. ## **Funds** The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above ## **Incoming resources** All income is included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: · income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. · donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. · 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. · Interest on funds held on deposit is included when receivable by the charity. 10 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **Resources expended** All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for its expenditure. All costs have been directly attributed or proportionally charged to the functional categories of resources expended in the SOFA. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which is relates. Expenditure on charitable activities comprises the costs of performances, exhibitions and other educational activities undertaken to further the purposes of the charity. These costs are classified as direct charitable expenses. Governance costs comprise costs related to the governance of the charity, to allow it to operate and to generate information for public accountability. Direct costs will include independent examination fees, legal advice and costs of trustees' meetings. All remaining costs are classified as charity running costs which are those that assist the work of the charity but do not directly represent charitable activities and include office and admin costs. ## **Taxation** As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. ## **Pensions** Payments to a defined contribution retirement benefit scheme are charged as an expense as they fall due. ## **2. Income from donations and legacies** |Donations received
Grants received
**Analysis of grants received**
Arts Council England (Grants for the Arts)
Children in Need Inspiring Futures
Cripplegate Foundation
Esmee Fairbairn
Garfield Weston
Henry Smith Charity
Islington Council
Mercers Charitable Company
Paul Hamlyn Foundation
Tuixen Foundation
Victoria Wood Foundation|**Restricted**
**funds**
**Unrestricted**
**funds**
**£**
**£**
-
18,873
107,769
61,000
**107,769**
**79,873**|**2023**
**£**
18,873
168,769
**187,642**
**2023**
**£**
2,770
-
24,000
26,000
15,000
12,500
7,500
-
46,000
35,000
-
**168,770**|**2022**
**£**
35,356
228,930| |---|---|---|---| ||||**264,286**| ||||**2022**
**£**
29,430
15,000
20,000
30,000
-
12,500
15,000
20,000
60,000
22,000
5,000| ||||**228,930**| 11 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **3. Income from charitable activities** |**Unrestricted funds**
_To advance education for the_
_public benefit by the promotion_
_of the arts_
Income from charitable
activities
**4. Investment income**
**Unrestricted funds**
Bank interest receivable
**5. Other income**
**Unrestricted funds**
Theatre Tax Relief
**6. Expenditure on generating donations and legacies**
**Unrestricted funds**
Donations|**2023**
**£**
12,261
**2023**
**£**
69
**69**
**2023**
**£**
17,661
**17,661**
**2023**
**£**
3,300
**3,300**|**2022**
**£**
24,846
**2022**
**£**
29| |---|---|---| |||**29**| |||**2022**
**£**
-| |||**-**| |||**2022**
**£**
3,015| |||**3,015**| 12 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **7. Costs of charitable activities by fund type** |To advance education for the
public benefit by the promotion
of the arts
Support costs
**osts of charitable activities by activity type**
**Support costs**
To advance education for the
public benefit by the promotion
of the arts|**Unrestricted**
**funds**
**£**
98,270
21,110
**119,380**
**Activities**
**undertaken**
**directly**
**£**
216,270|**Restricted**
**funds**
**£**
118,000
-
**118,000**
**Support**
**costs**
**£**
21,110|**2022**
**2023**
**£**
**£**
322,967
216,270
24,697
21,110
**347,664**
**237,380**
**2022**
**2023**
**£**
**£**
237,380
347,664| |---|---|---|---| ## **8. Costs of charitable activities by activity type** ## **9. Analysis of support costs** |**nalysis of support costs**||| |---|---|---| |**To advance education for the public benefit by the promotion of the arts**
Marketing costs
Charity running costs
Governance costs|**2023**
**£**
1,268
18,705
1,137
**21,110**|**2022**
**£**
2,130
20,811
1,756| |||**24,697**| ## **10. Net income/(expenditure) for the period** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2023**|**2022**| ||**£**|**£**| |Accountancy fees|1,080|1,260| |Staff pension contributions|5,287|8,442| 13 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **11. Staff costs and emoluments** Total staff costs for the period ended 31 March 2023 were: |Total staff costs for the period ended 31 March 2023 were:||| |---|---|---| |Salaries and wages
Social security costs
Pension costs
Staff|**2023**
**£**
58,179
14,406
5,287
**77,872**
**2023**
7
**7**|**2022**
**£**
176,907
12,631
8,442| |||**197,980**| |||**2022**
7| |||**7**| No employee earned more than £60,000 during the year (2022: nil). The total employee benefits including pension contributions of the key management personnel were £60,852. ## **12. Trustee remuneration and related party transactions** The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022:£nil). Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2022:£nil). There are no donations from related parties which are outside the normal course of the Charity's business and no restricted donations from related parties. 14 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **13. Comparative for the Statement of Financial Activities** |**Income and endowments from:**
Donations and legacies
Charitable activities
Investments
**Total**
**Expenditure on:**
Raising funds
Charitable activities
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**
**Debtors**
**Amounts due within one year:**
Trade debtors
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income|**Unrestricted**
**funds**
**£**
87,356
24,846
29
**112,231**
(3,015)
(180,965)
**(183,980)**
**(71,749)**
167,734
**95,985**|**Restricted**
**funds**
**£**
176,930
-
-
**176,930**
-
(166,699)
**(166,699)**
**10,231**
10,000
**20,231**
**2023**
**£**
-
**-**
**2023**
**£**
6,482
5,600
90,322
**102,404**|**2022**
**£**
264,286
24,846
29| |---|---|---|---| ||||**289,161**| ||||(3,015)
(347,664)| ||||**(350,679)**| ||||**(61,518)**
177,734| ||||**116,216**| ||||**2022**
**£**
19,669| ||||**19,669**| ||||**2022**
**£**
1,071
5,414
37,605| ||||**44,090**| ## **14. Debtors** ## **15. Creditors: amounts falling due within one year** Deferred income represents grant income received for specific projects to take place in 23/24 and the proportion of annual grants received from the Paul Hamlyn, Esmee Fairbairn and Tuixen Foundatoins to reflect the shortened year end of 7 months. 15 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **16. Movement in funds** ## **Unrestricted Funds** |_General_
Esmee Fairbairn
Foundation
General
Tuixen Foundation
**Unrestricted Funds - Previous year**
_General_
Esmee Fairbairn
Foundation
General
Tuixen Foundation|**Balance at**
**01/09/2022**
**£**
-
95,985
-
**95,985**
**Balance at**
**01/09/2021**
**£**
-
167,734
-
**167,734**|**Incoming**
**resources**
**£**
26,000
48,864
35,000
**109,864**
**Incoming**
**resources**
**£**
30,000
60,231
22,000
**112,231**|**Outgoing**
**resources**
**£**
(26,000)
(61,680)
(35,000)
**(122,680)**
**Outgoing**
**resources**
**£**
(30,000)
(131,980)
(22,000)
**(183,980)**|**Balance at**
**31/03/2023**
**£**
-
83,169
-| |---|---|---|---|---| |||||**83,169**| |||||**Balance at**
**31/08/2022**
**£**
-
95,985
-| |||||**95,985**| ## **Purpose of unrestricted Funds** ## Esmee Fairbairn Foundation Towards unrestricted core costs to develop Company Three's model for creative engagement with young people. ## Tuixen Foundation The entire grant is unrestricted monies to be used at the discretion of Company Three to best achieve their objectives. 16 of 19 ## **Company Three Theatre** ## **Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **Restricted Funds** |Arts Council England
(Grants for the Arts)
Cripplegate
Foundation
Garfield Weston
Henry Smith Charity
Islington Council
Paul Hamlyn|**Balance at**
**01/09/2022**
**£**
10,231
10,000
-
-
-
-
**20,231**|**Incoming**
**resources**
**£**
2,769
24,000
15,000
12,500
7,500
46,000
**107,769**|**Outgoing**
**resources**
**£**
(13,000)
(24,000)
(15,000)
(12,500)
(7,500)
(46,000)
**(118,000)**|**Balance at**
**31/03/2023**
**£**
-
10,000
-
-
-
-| |---|---|---|---|---| |||||**10,000**| ## **Restricted Funds - Previous year** |Arts Council England
(Grants for the Arts)
Children in Need
Inspiring Futures
Cripplegate
Foundation
Garfield Weston
Henry Smith Charity
Islington Council
Mercers Charitable
Company
Paul Hamlyn
Victoria Wood
Foundation|**Balance at**
**01/09/2021**
**£**
-
-
-
10,000
-
-
-
-
-
**10,000**|**Incoming**
**resources**
**£**
29,430
15,000
20,000
-
12,500
15,000
20,000
60,000
5,000
**176,930**|**Outgoing**
**resources**
**£**
(19,199)
(15,000)
(10,000)
(10,000)
(12,500)
(15,000)
(20,000)
(60,000)
(5,000)
**(166,699)**|**Balance at**
**31/08/2022**
**£**
10,231
-
10,000
-
-
-
-
-
-| |---|---|---|---|---| |||||**20,231**| 17 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** ## **Purpose of restricted funds** ## Garfield Weston Towards Company Three's training programme over a year February 2022 - February 2023. ## Cripplegate Foundation Towards Company Three's programme of work to run three years of activities for young people including theatre workshops, training, informal/social activities, residentials, sharings, open mic nights and productions. Paul Hamlyn The grant is to support core costs and funding will contribute to the salaries of two new part-time Associate Artists joining your leadership team. Arts Council England (Grants for the Arts) To support the creation of Black is Safe is a new play exploring what it means to be a Black teenager in Islington. Through the lens of friendship, family, music, culture and celebration, Company Three members aged 11-19 share the joy of Black relatedness, their experience of racism, and the reality behind the preconceptions. Henry Smith Charity To support 75 teenagers aged 11-19 in Islington to take part in a programme of training and development over 36 months, underpinned by holistic wraparound support, helping them build a range of skills and abilities and be better prepared for future employment. ## Islington Council A core grant will go toward the salary of our Producer (pastoral lead) to deliver a holistic and sustained wraparound pastoral delivery as well as deepening and building new relationships with key partners. ## Mercers Charitable Company To support the delivery of theatre training to a company of marginalized young people aged 11-19 in the borough of Islington. Children in Need Inspiring Futures Towards Company Three's training programme and holistic support offer. ## Victoria Wood Foundation To support the 678 project for young people aged 10 -13 (Years 6, 7 and 8), to help them develop a passion for theatre while supporting them in the difficult transition from primary to secondary school. ## **17. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
**Restricted funds**
Cripplegate Foundation|**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
83,169
83,169
10,000
10,000| |---|---| ||**93,169**
**93,169**| 18 of 19 ## **Company Three Theatre Notes to the Financial Statements Continued For the period ended 31 March 2023** |**Previous year**
**Unrestricted funds**
_General_
General
**Restricted funds**|**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
116,216
116,216| |---|---| ||**116,216**
**116,216**| 19 of 19