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← Company Three Theatre

2024-03-31-accounts

Charity number: 1169024

Company number: 10295645

(England and Wales)

Company Three Theatre

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2024

Company Three Theatre Contents Page For the year ended 31 March 2024

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
Statement ofCashflows 10
Notes to the Financial Statements 11to20

Company Three Theatre Report of the Trustees

For the year ended 31 March 2024

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 year ended 31 March 2024. 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

Objectives and aims

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.

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE

BlackIs...

A return production of #BlackIs ran at New Diorama Theatre London 13-16 September 2023 after a sold out run at The Pleasance Theatre in September 2022.

The production sold out and had positive audience reviews:

"I like the boldness of the young people in sharing their lives' experiences. And I'm taking away a renewed awareness of the need to relate more freely with my children so that they will more freely share any challenges they may have."

"I loved that everybody was able to express themselves as they are without prejudice or expectations based on what somebody like them SHOULD be."

"I loved the sense of agency from the young people."

"The young people in the shows did themselves really proud, it was great to hear how they have evolved through this journey and they are empowered to be unapologetically themselves."

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.

Co-created with the young company members and based on their own life experiences, #BlackIs... follows an episodic structure, using hashtags like #blackboyjoy, #blackisedges and #blackisunfilteredunity to present elements of the Black experience.

Grow Up

Development for Company Three’s next Flagship Production Grow Up took place, with an R&D sharing held on February 17th 2024 with positive feedback from all attendees. We delivered our first Exchange Play residential in August 2023 bringing together 30 young people from four companies (Mortal Fools, Prime Theatre, Beyond Face) all producing their own version of Grow Up.

Amber Ruby (Associate Artist) is the director & writer of Grow Up, with rehearsals officially starting in June 2024. Nuna Sandy (Associate Artistic Director) has engaged alumni members in a 20-minute epilogue to Grow Up called "Grown," celebrating 15 years since the play Fifteen (made with fifteen fifteen-year-olds).

Deep Dives

We have been in development for two Deep Dive projects: long term engagements with schools in Islington where we embed in the schedule and offer weekly drama sessions to specific groups of young people. Our first two Deep Dives have been with St Aloysius (working with SEN young people) and Beacon High working with young people who are part of the internal inclusion group.

A pilot program embedding Company Three one day a week within Beacon High is currently under consideration by the school with ambition to launch in September 2024, and doubling output to accommodate four groups.

Quotes from Teachers at St Aloysius (SEN Deep Dive):

"I have never heard some of these boys say more than one sentence."

"They are normally so shy or don’t engage at all."

Core Company

From September all groups started with our new venue partner Highbury Roundhouse. In January each group shared their work-in-progress performances to an audience of core company members at Scratch. This year we had the highest number of young people attend and perform at Scratch, demonstrating an increase in confidence across the company.

In April we debuted the final versions of the plays over two weeks as part of Assembly. General public we invited to this event, and our young people’s work was shown to audiences made up of family, friends, Company Three stakeholders and local change makers.

In the Summer we had record breaking attendance for C3 Adventures, with approximately 40 young people showing up, resulting in us having to run extra sessions in Highbury Roundhouse’s cafe to accommodate the unexpected number of young people.

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Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2024

In August, we took 43 young people away to attend our one week residential in Norfolk by far our biggest ever residential. It was hugely successful, with great work made alongside beach trips, open mic nights and other activities.

Artistic Leadership Change

In January 2024, Company Three underwent a leadership change, with Associate Artistic Director Nuna Sandy assuming the position of Artistic Director & Joint-CEO of Company Three. Nuna takes over from Ned Glasier, who founded the company in 2008, and during his time as Artistic Director developed, devised and directed more than 40 plays with teenagers, working with artists including Emily Lim, Inua Ellams and Alice Birch. With Nuna having worked alongside Ned, this appointment ensures a smooth continuity for the company members and organisation.

'We are absolutely delighted to welcome Nuna as our new Artistic Director. As we celebrate our fifteenth anniversary and our newly achieved NPO status, we're excited to see the dynamic and thoughtful approach that Nuna will bring to the work she produces and delivers with young people. We know Nuna will strengthen the values that have made Company Three so loved by our young people in Islington, and our supporters more widely.’ - Company Three’s Co-Chairs, Silvia Dobrovich and Natasha Bonnelame

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Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2024

FINANCIAL REVIEW

Total income of April 2023 - March 2024 comprises of:

Donations £51,861

Investment Income £701

Operation of the Charity £34,192

Other Income £12,846

Grants £426,826

Total Income resources £526,426

Total Expenditure

Programme costs £161,839

Marketing costs £2,569

Staffing costs £244,947

Charity running costs £47,215

Governance support costs £1,093

Total Resources expended £457,663

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 2023/24 we carried forward £161,932 into the next financial year. This figure comprises of:

£20,000 of restricted funds

£41,932 of unrestricted funds (designated for future project expenditure)

£100,000 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.

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Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2024

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, until January 2024) and Nuna Sandy (Artistic Director from January 2024). 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. The Board worked with the Executive Team in the following ways:

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

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr Biff Nesbitt Mr Tarek Iskander Mr Timothy Power Ms Hannah D'aguiar Ms Natasha Bonnelame Ms Silvia Dobrovich

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Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2024

Secretary

Independent examiners

Bankers

Ms Rebecca Martin Andrew M Wells FMAAT Counterculture Partnership LLP Bank Chambers, Main Street Hawes North Yorkshire DL8 3QL 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

............................................................................. 21 March 2025 Ms Natasha Bonnelame

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Company Three Theatre Independent Examiners Report to the Trustees For the year ended 31 March 2024

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024.

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

Since the Charitable company'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 by virtue of my membership of Association of Accounting Technicians, which is one of the listed bodies.

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

  2. 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.

Andrew M Wells FMAAT Counterculture Partnership LLP Bank Chambers, Main Street Hawes North Yorkshire DL8 3QL

21 March 2025

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Company Three Theatre

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2024

Notes Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 347,862 130,825 478,687 187,642
Charitable activities 3 34,192 - 34,192 12,261
Investments 4 701 - 701 69
Other income 5 12,846 - 12,846 17,661
Total 395,601 130,825 526,426 217,633
Expenditure on:
Raising funds 6 - - - (3,300)
Charitable activities 7/8 (336,838) (120,825) (457,663) (237,380)
Total (336,838) (120,825) (457,663) (240,680)
Net income/expenditure 58,763 10,000 68,763 (23,047)
Reconciliation of funds
Total funds brought forward 83,169 10,000 93,169 116,216
Total funds carried forward 141,932 20,000 161,932 93,169

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10295645

Registered Number :

Company Three Theatre Statement of Financial Position As at 31 March 2024

Notes 2024 2023
£ £
Current assets
Debtors 11,850 -
Cash at bank and in hand 224,940 195,573
236,790 195,573
Creditors: amounts falling due within one year 14 (74,858) (102,404)
Net current assets 161,932 93,169
Total assets less current liabilities 161,932 93,169
Net assets 161,932 93,169
The funds of the charity
Restricted income funds 15 20,000 10,000
Unrestricted income funds 15 141,932 83,169
Total funds 161,932 93,169

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Ms Natasha Bonnelame Trustee 21 March 2025

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Company Three Theatre

Cashflow Statement For the period ended 31 March 2024

Cash flow from operating activities
Cash generated from operations
Dividends, interest and rent from investments
Purchase of tangible assets
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
Cash generated from operations
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Dividends, interest and rent from investments
Movement in working capital
(Increase)/decrease in debtors
Increase/(Decrease) in creditors
Cash generated from operations		 29,367
-
-
-
29,367
195,573
224,940
68,763
-
-
(11,850)
(27,546)
29,367
2024		 54,936
-
-
-
-
54,936
140,637
195,573
(23,047)
-
-
19,669
58,314
54,936
2023

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Company Three Theatre Notes to the Financial Statements For the year ended 31 March 2024

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).

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.

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.

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

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)
Creative Spirit Fund
Cripplegate Foundation
Esmee Fairbairn
Garfield Weston
Henry Smith Charity
Islington Council
Lightbulb Trust
Mercers Charitable Company
Paul Hamlyn Foundation
Tuixen Foundation
3. Income from charitable activities
Unrestricted funds
To advance education for the
public benefit by the promotion
of the arts
Income from charitable
activities		 Restricted
funds
Unrestricted
funds
£
£
-
51,862
130,825
296,000
130,825
347,862		 2024
£
51,862
426,825
478,687
2024
£
175,000
5,000
13,000
20,000
15,000
25,000
15,000
38,000
9,825
66,000
45,000
426,825
2024
£
34,192		 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
2023
£
12,261

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

4. Investment income

2024 2023
£ £
Unrestricted funds
Bank interest receivable 701 69
701 69
5. Other income
2024 2023
£ £
Unrestricted funds
Theatre Tax Relief 12,846 17,661
12,846 17,661
6. Expenditure on generating donations and legacies
2024 2023
£ £
Donations - 3,300
- 3,300
7. Costs of charitable activities by fund type
Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
To advance education for the 274,583 120,825 395,408 216,270
public benefit by the promotion
of the arts
Support costs 62,255 - 62,255 21,110
336,838 120,825 457,663 237,380

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

8. Costs of charitable activities by activity type

Activities Support 2024 2023
undertaken costs
directly
£ £ £ £
Support costs
To advance education for the 395,408 62,255 457,663 237,380
public benefit by the promotion
of the arts

9. Analysis of support costs

To advance education for the public benefit by the promotion of the arts
Programme costs
Marketing costs
Staffing costs
Charity running costs
Office costs and rent
Governance costs		 2024
£
12,636
2,569
11,378
19,337
15,242
1,093
62,255		 2023
£
-
1,268
2,328
8,265
8,112
1,137
21,110

10. Net income/(expenditure) for the year

This is stated after charging/(crediting):

2024 2023
£ £
Accountancy fees 1,080 1,080
Staff pension contributions 9,789 5,287

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Company Three Theatre Notes to the Financial Statements Continued

For the year ended 31 March 2024

11. Staff costs and emoluments

Total staff costs for the year ended 31 March 2024 were:

Total staff costs for the year ended 31 March 2024 were:
2024 2023
£ £
Salaries and wages 218,592 58,179
Social security costs 16,566 14,406
Pension costs 9,789 5,287
244,947 77,872

No employee earned more than £60,000 during the year (2023: nil).

The total employee benefits including pension contributions of the key management personnel were £97,343.

Staff

2024
9
9		 2023
7
7

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 (2023:£nil).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2023:£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.

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

13. Comparative for the Statement of Financial Activities

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
Total
Expenditure on:
Raising funds
Charitable activities
Total
Net expenditure
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
79,873
12,261
69
17,661
109,864
(3,300)
(119,380)
(122,680)
(12,816)
95,985
83,169		 Restricted
funds
£
107,769
-
-
-
107,769
-
(118,000)
(118,000)
(10,231)
20,231
10,000		 2023
£
187,642
12,261
69
17,661
217,633
(3,300)
(237,380)
(240,680)
(23,047)
116,216
93,169

14. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 11,585 6,482
Other creditors 3,948 5,600
Accruals and deferred income 59,325 90,322
74,858 102,404

15. Movement in funds

Unrestricted Funds

General
General		 Balance at
01/04/2023
£
83,169
83,169		 Incoming
resources
£
395,601
395,601		 Outgoing
resources
£
(336,838)
(336,838)		 Balance at
31/03/2024
£
141,932
141,932

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

Unrestricted Funds - Previous year

Balance at Incoming Outgoing Balance at
01/09/2022 resources resources 31/03/2023
£ £ £ £
General
Esmee Fairbairn - 26,000 (26,000) -
Foundation
General 95,985 48,864 (61,680) 83,169
Tuixen Foundation - 35,000 (35,000) -
95,985 109,864 (122,680) 83,169

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.

Restricted Funds

Creavtive Spirit
Cripplegate
Foundation
Islington Council
Lightbulb Trust
Mercers Charitable
Company
Paul Hamlyn		 Balance at
01/04/2023
£
-
10,000
-
-
-
-
10,000		 Incoming
resources
£
5,000
3,000
15,000
38,000
9,825
60,000
130,825		 Outgoing
resources
£
(5,000)
(13,000)
(15,000)
(38,000)
(9,825)
(40,000)
(120,825)		 Balance at
31/03/2024
£
-
-
-
-
-
20,000
20,000

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Company Three Theatre

Notes to the Financial Statements Continued For the year ended 31 March 2024

Restricted Funds - Previous year

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

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

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.

Creavtive Spirit

To support our ‘Edgelands’ activities, including theatre trips and social events for our young people, that sits outside our core company activities, providing moments of community and social engagement.

Lightbulb Trust

To support the Deep Dives project, a programme of intensive projects in seven local schools designed to engage with and support young people at risk of exclusion, disabled young people and those who might struggle with the transition from primary to secondary school.

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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2024

16. Analysis of net assets between funds

Unrestricted funds
General
General
Restricted funds
Paul Hamlyn
Previous year
Unrestricted funds
General
General
Restricted funds
Cripplegate Foundation		 Net current
assets /
(liabilities)
Net Assets
£
£
141,932
141,932
20,000
20,000
161,932
161,932
Net current
assets /
(liabilities)
Net Assets
£
£
83,169
83,169
10,000
10,000
93,169
93,169

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