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 2025
Company Three Theatre Contents Page For the year ended 31 March 2025
| Report of the Trustees | 1 to 8 |
|---|---|
| Independent Examiner's Report to the Trustees | 9 |
| Statement of Financial Activities | 10 |
| Statement of Financial Position | 11 |
| Statement ofCashflows | 12 |
| Notes to the Financial Statements | 13 to 21 |
2
Company Three Theatre Report of the Trustees For the year ended 31 March 2025
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 2025. 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 2025
ACHIEVEMENTS AND PERFORMANCE
This year, Company Three continued to deliver impactful youth-led theatre, fostering creativity, personal growth, and community engagement for young people, particularly within Islington. Our core programmes and new initiatives have seen significant development and reach.
C3 Festivals
In 2025 we launched and delivered our first C3 Festivals, a two week celebration of Youth Voices in Islington. It was held at Capital City College Islington Friday 11 - Sunday 20 April 2025. A reimagining of our end of year project Assembly, C3 Festivals invites the public to engage with youth made work and in doing so aims to become a powerful platform to amplify local teenage voices. The development of the work shown in the festival begins the summer before via our Adventures, Summer Project and Residentials, and is continued throughout the Autumn and Spring terms of Core Company and our work across the academic year in schools.
Over two weeks in April 2025, we presented seventeen new works co-created by Islington teenagers, across theatre, podcasts and films. The festival programme included:
BlackIs Boys Archive (Film) The Dream Lab (Theatre) The Breaking Point (Theatre) Aunty (Film) CK All Around (Film) Joylodge (Theatre) #BlackIs I Love Yours and I Love Mine (Film) How to Survive Year 7(Theatre) Somebody to Someone (Theatre) The Forgotten Room (Film) Level 7 (Theatre)
Audience Feedback from the Festival:
"The unique insights of the young people and their (intelligent, emotional, humorous and, at times, cynical) awareness of the world around them was compelling. Seeing their worlds from their perspectives was not only engaging but cultivated a strong sense of empathy (and admiration) towards the challenges and triumphs young people experience. These shows should be required viewing for those working closely with young people i.e. teachers / educators, local council, etc."
"I liked the sincerity, the storylines felt relevant and brave and the children performing were fantastic. I will take away insights into young people's lives that I didn't have before and a different perspective to the challenges facing them."
"I like the boldness if 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 love the way the cast was allowed to be themselves & given a safe space to express themselves. I myself learnt a lot about the hardships young black teenagers face."
The Happiness Project & 678
The Happiness Project - our interschool programme for Islington students in years 6 & 7 continued to thrive, receiving positive feedback from schools. In the 2024/25 financial year, the Happiness Project took place in four local schools - Hungerford, Christ the King, Duncombe and Montem, working with over 600 Islington young people. One group of 15 young people was successfully filled, with plans to establish a second group. Supported by Mercers funding, we integrated a vocal coach and scriptwriter to enhance the programme. The 678 Project began with one committed group of nine young people, who performed an open scratch of their play "How to be a Year 7" in December, and a first draft version of "How to be a Year 7" and Level 7 were presented as part of C3 Festivals 2025.
Core Company & Residential
This year saw our largest Core Company cohort with 108 young people, and an additional group being added to the programme taking us to five weekly groups. A significant highlight was the highly successful summer residential, our largest ever, taking 51 young people away. The residential fostered strong connections and provided a safe space for dialogue.
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Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2025
Post-residential, three months of sessions built towards a successful December SCRATCH night where five new rough draft plays were presented.
Deep Dives
Our Deep Dives programme continued to make a profound impact, with Company Three successfully running two programmes with two local schools. We worked with SEND students at St Aloysius, where staff noted significant improvements in confidence and engagement and attributed it to exposing students to new working methods and empowering their autonomy. At Beacon High, four successful 10-week projects were delivered, with both groups requesting our return to the school. Despite initial behavioural challenges at Beacon High, teachers observed increased confidence and engagement in participating young people outside of sessions. Two films created by new groups were successfully shared at the C3 Festival.
2024 Flagship Show: Grow Up
Grow Up, created by Amber Ruby and the Company, was performed at the Park Theatre in July 2024. The play explored the messy and joyful journey through teenagehood for eight Islington teenagers, and sold out four shows at the venue. We had a full run of Relaxed Performances, a first for Company Three and work supported through consultancy with Touretteshero. The project was created in collaboration with Mortal Fools, Beyond Face and Prime Theatre - who also made their own plays based on the same source material, and connected with C3 staff and young people throughout the process.
2025 Exchange Show R&D: Cities
The Cities exchange project is progressing well, with enthusiastic engagement from partner companies including 20 Stories High (Liverpool), Zoo Co (Croydon), and Beyond Face (Plymouth). An Artist Retreat in Birmingham successfully brought together 7 adult leaders from the partner organisations to develop ideas and exchange practice. In February 2025 we hosted a residential in the Cotswolds involving approximately 35 young people and 13 staff across the four organisations, focusing on shared practice and wellbeing, with robust safeguarding plans in place. The production will take place in September 2025 at the Park Theatre, London.
#BlackIs Short Film
The #BlackIs short films were successfully produced, featuring female and male DOPs and diverse filming locations. This initiative is integral to our new Blueprint idea for affinity groups, with a comprehensive pack (video, guide, Q&A, exercises) being developed to help other theatre companies create and run similar spaces. In November 2024, the films and online Blueprints were officially launched through a well-attended friends and family screening at London Screen Academy, featuring a panel with the co-creating young people. An online session was also held for practitioners interested in identity-led work.
Exchange Work (RAYT & Youth Theatre Census)
In addition to the "Cities" project, our broader exchange work included five more RAYT ( Running a Youth Theatres) sessions focusing on Safeguarding, Beginnings and Endings, and Organisational Structure, receiving positive feedback and leading to a refined format for 2025. A significant achievement was the launch of the Youth Theatre Census, which gathered over 300 responses from youth theatres across England. Its key findings were shared in comprehensive reports and gained significant traction, including features in The Stage. Discussions are underway for next steps, including potential fundraising for a forum to discuss the future of youth theatre. Furthermore, our Associate Director successfully led workshops with ArtsDepot and will present at the National Theatre's Drama Teacher Conference, contributing to the development of new C3 courses for Summer 2025.
5
Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2025
FINANCIAL REVIEW
Total income of April 2024 - March 2025 comprises of:
Donations £29,217 Investment Income £993 Operation of the Charity £4,809 Grants £519,025 Total Income resources £554,044
Total Expenditure
Programme costs £218,235 Marketing costs £2,303 Fundraising £37 Staffing costs £233,551 Charity running costs £66,007 Governance support costs £1,565 Total Resources expended £521,698
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 2024/25 we carried forward £194,278 into the next financial year. This figure comprises of:
£94,278 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.
6
Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2025
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 with a sucession plan in place for them stepping down on 2025, they are supported by a small and effective group of trustees. The Board worked with the Executive Team in the following ways:
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Financial contingency planning -The Finance Committee worked with the Executive to ensure prudent financial planning
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for the year, including moving our financial year.
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Fundraising Support -Fundraising committee worked with the Executive and offered advice on applications
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Supporting the charity in its transition and first year of activity as a National Portfolio Organisation
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Supporting Company Three's safeguarding practise through the safeguarding committee and reviewing the safeguarding
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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
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mx biff nesbit Ms Keah Joseph Mr Timothy Power Ms Hannah D'aguiar Ms Natasha Bonnelame Ms Silvia Dobrovich
7
Company Three Theatre Report of the Trustees Continued For the year ended 31 March 2025
Secretary Ms Elizabeth Arday Independent examiner Caroline Clarke Counterculture Partnership LLP 23 St Leonards Road Bexhill East Sussex TN40 1HH Bankers The Co-operative Bank plc PO Box 101 1 Balloon Street Manchester, M60 4EP
Approved by the Board of Trustees and sign on its behalf by Company Three's new Chair as of August 2025
~~................................~~ Kene Igweonu (Dec 18, 2025 13:29:58 GMT) ............................................. Kene Igweonu Trustee 17/12/25
8
Company Three Theatre Independent Examiners Report to the Trustees For the year ended 31 March 2025
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025.
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 Institute of Chartered Accountants in England and Wales, 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:
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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
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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
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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.
Caroline Clarke Counterculture Partnership LLP 23 St Leonards Road Bexhill East Sussex TN40 1HH
19 December 2025
9
Company Three Theatre
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2025
| Notes | Unrestricted | Restricted | 2025 | 2024 | |
|---|---|---|---|---|---|
| funds | funds | ||||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 2 | 501,899 | 46,343 | 548,242 | 478,687 |
| Charitable activities | 3 | 4,809 | - | 4,809 | 34,192 |
| Investments | 4 | 993 | - | 993 | 701 |
| Other income | 5 | - | - | - | 12,846 |
| Total | 507,701 | 46,343 | 554,044 | 526,426 | |
| Expenditure on: | |||||
| Raising funds | 6 | (37) | - | (37) | - |
| Charitable activities | 7/8 | (455,318) | (66,343) | (521,661) | (457,663) |
| Total | (455,355) | (66,343) | (521,698) | (457,663) | |
| Net income/expenditure | 52,346 | (20,000) | 32,346 | 68,763 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 141,932 | 20,000 | 161,932 | 93,169 | |
| Total funds carried forward | 194,278 | - | 194,278 | 161,932 |
10
10295645
Registered Number :
Company Three Theatre Statement of Financial Position As at 31 March 2025
| 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 |
£ 2025 710 243,997 244,707 (50,429) 194,278 194,278 194,278 - 194,278 194,278 |
£ 2024 11,850 224,940 |
|---|---|---|
| 236,790 | ||
| (74,858) 161,932 |
||
| 161,932 | ||
| 161,932 | ||
| 20,000 141,932 |
||
| 161,932 |
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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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:
Kene Igweonu (Dec 18, 2025 13:29:58 GMT) Kene Igweon Trustee 17/12/25
11
Company Three Theatre
Cashflow Statement For the period ended 31 March 2025
| 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 |
18,064 993 - 993 19,057 224,940 243,997 31,353 - - 11,140 (24,429) 18,064 2025 |
29,367 - - - 29,367 195,573 224,940 68,763 - - (11,850) (27,546) 29,367 2024 |
|---|---|---|
12
Company Three Theatre Notes to the Financial Statements For the year ended 31 March 2025
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.
- Interest on funds held on deposit is included when receivable by the charity.
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 2025
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 Tomoro Tuixen Foundation Vogue |
Restricted funds Unrestricted funds £ £ - 29,217 46,343 472,682 46,343 501,899 |
2025 £ 29,217 519,025 548,242 2025 £ 175,000 - 32,000 20,000 - 25,000 15,000 30,000 46,343 100,000 10,000 25,000 40,682 519,025 |
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 |
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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2025
| 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 Theatre Tax Relief 6. Expenditure on other trading activities Unrestricted funds Fund raising events |
2025 £ 4,809 2025 £ 993 993 2025 £ - - 2025 £ 37 37 |
2024 £ 34,192 2024 £ 701 |
|---|---|---|
| 701 | ||
| 2024 £ 12,846 |
||
| 12,846 | ||
| 2024 £ - |
||
| - |
15
Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2025
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 £ 370,222 85,096 455,318 Activities undertaken directly £ 436,565 |
Restricted funds £ 66,343 - 66,343 Support costs £ 85,096 |
2024 2025 £ £ 395,408 436,565 62,255 85,096 457,663 521,661 2024 2025 £ £ 521,661 457,663 |
|---|---|---|---|
8. Costs of charitable activities by activity type
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 |
2025 £ 18,221 2,303 14,861 28,981 19,165 1,565 85,096 |
2024 £ 12,636 2,569 11,378 19,337 15,242 1,093 |
|---|---|---|
| 62,255 |
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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2025
10. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Accountancy fees | 1,500 | 1,080 |
| Staff pension contributions | 9,734 | 9,789 |
11. Staff costs and emoluments
Total staff costs for the year ended 31 March 2025 were:
| Salaries and wages Social security costs Pension costs |
2025 £ 207,369 16,447 9,734 233,551 |
2024 £ 218,592 16,566 9,789 |
|---|---|---|
| 244,947 |
No employee earned more than £60,000 during the year (2024: nil).
The total employee benefits including pension contributions of the key management personnel were £97,066 (2024: £97,343).
| 2025 | 2024 | |
|---|---|---|
| Staff | 11 | 9 |
| 11 | 9 |
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 (2024:£nil).
Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2024:£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 2025
13. Comparative for the Statement of Financial Activities
| Unrestricted | Restricted | 2024 | |
|---|---|---|---|
| funds | funds | ||
| £ | £ | £ | |
| Income and endowments from: | |||
| Donations and legacies | 347,862 | 130,825 | 478,687 |
| Charitable activities | 34,192 | - | 34,192 |
| Investments | 701 | - | 701 |
| Other income | 12,846 | - | 12,846 |
| Total | 395,601 | 130,825 | 526,426 |
| Expenditure on: | |||
| Charitable activities | (336,838) | (120,825) | (457,663) |
| Total | (336,838) | (120,825) | (457,663) |
| Net income | 58,763 | 10,000 | 68,763 |
| Reconciliation of funds | |||
| Total funds brought forward | 83,169 | 10,000 | 93,169 |
| Total funds carried forward | 141,932 | 20,000 | 161,932 |
14. Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Amounts due within one year: | ||
| Trade debtors | 650 | - |
| Prepayments and accrued income | 60 | 11,850 |
| 710 | 11,850 |
15. Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2025 £ 10,666 8,040 31,723 50,429 |
2024 £ 11,585 3,948 59,325 |
|---|---|---|
| 74,858 |
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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2025
16. Movement in funds
| Unrestricted Funds General General Unrestricted Funds - Previous year General General Restricted Funds Mercers Charitable Company Paul Hamlyn Restricted Funds - Previous year Creavtive Spirit Cripplegate Foundation Islington Council Lightbulb Trust Mercers Charitable Company Paul Hamlyn |
Balance at 01/04/2024 £ 141,932 141,932 Balance at 01/04/2023 £ 83,169 83,169 Balance at 01/04/2024 £ - 20,000 20,000 Balance at 01/04/2023 £ - 10,000 - - - - 10,000 |
Incoming resources £ 507,701 507,701 Incoming resources £ 395,601 395,601 Incoming resources £ 46,343 - 46,343 Incoming resources £ 5,000 3,000 15,000 38,000 9,825 60,000 130,825 |
Outgoing resources £ (455,355) (455,355) Outgoing resources £ (336,838) (336,838) Outgoing resources £ (46,343) (20,000) (66,343) Outgoing resources £ (5,000) (13,000) (15,000) (38,000) (9,825) (40,000) (120,825) |
Balance at 31/03/2025 £ 194,278 |
|---|---|---|---|---|
| 194,278 | ||||
| Balance at 31/03/2024 £ 141,932 |
||||
| 141,932 | ||||
| Balance at 31/03/2025 £ - - |
||||
| - | ||||
| 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 2025
Purpose of restricted funds
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.
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.
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.
17. Analysis of net assets between funds
| Analysis of net assets between funds | ||
|---|---|---|
| Net current | Net Assets | |
| assets / | ||
| (liabilities) | ||
| £ | £ | |
| Unrestricted funds | ||
| General | ||
| General | 194,278 | 194,278 |
| Restricted funds | ||
| 194,278 | 194,278 |
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Company Three Theatre Notes to the Financial Statements Continued For the year ended 31 March 2025
| Previous year Unrestricted funds General General Restricted funds Paul Hamlyn |
Net current assets / (liabilities) Net Assets £ £ 141,932 141,932 20,000 20,000 |
|---|---|
| 161,932 161,932 |
21
Company Three Theatre31-03-2025 for signing
Final Audit Report 2025-12-18
Created: 2025-12-18 By: Caroline Clarke (carolinec@andrewwells.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAfU4EtqXaGoXNPavanqafVgUvIcEl5-ld
"Company Three Theatre31-03-2025 for signing" History
Document created by Caroline Clarke (carolinec@andrewwells.co.uk)
2025-12-18 - 1:05:41 PM GMT- IP address: 5.159.200.147
Document emailed to Kene Igweonu (kigweonu@gmail.com) for signature
2025-12-18 - 1:05:46 PM GMT
Email viewed by Kene Igweonu (kigweonu@gmail.com)
2025-12-18 - 1:06:22 PM GMT- IP address: 104.28.40.143
Document e-signed by Kene Igweonu (kigweonu@gmail.com)
Signature Date: 2025-12-18 - 1:29:58 PM GMT - Time Source: server- IP address: 192.173.128.33
Agreement completed.
2025-12-18 - 1:29:58 PM GMT