Charfty reglstratlon number 1172308
Company reglstratlon nUM￿r 10022562 (England and Wales)
THE CHRONICLE THEATRE COMPANY LIMITED
(Formerly SHAKESPEARE IN ITALY)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE CHRONICLE THEATRE COMPANY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trn8t8es
J P Peckham
S Sayeed
J Bridg8S
M I Corbidge
R Kabir
M l Kowalczuk
(Appointed 16 May 20241
(Appointed 16 May 20241
(Appointed 23 May 20241
Charity number
1172308
Company number
10022562
Reglstered offlc•
Gablo Hous8
239 Regents Park Road
London
N3 3LF
Independont •xamlner
Shirfsh Shah
SPW IUKI LLP
Gable Houso
239 Reg¢nt$ Pork Road
London
N3 3LF

THE CHRONICLE THEATRE COMPANY LIMITED
CONTENTS
Page
Trustee$ report
Independent examlngf8 rgport
Statement of flnanclal 8dvrtte8
Balance Sheat
Note5 to the finan¢lal $tslements
7-14

THE CHRONICLE THEATRE COMPANY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and financial slalements lof U)& year ended 31 March 2024, which a180
comprises the Directors. report required by the Companies Act 2006.
The financial ststements have been prepared in accordance with the accounts'ng policies sèt out in note I lo the
financial s181emenls and comply with the ehanly's governing d¢xument, thè Charitles Act 2011, thè Companies Act
2006 and Accounting and Reporting by Ch8rities'. Slalemenl of Recommended Pracllce applicable lo charities
preparing their accounts in accordance wlth the Flnanclal Reportlng Standard applicable in thè UK and Republlc of
Ireland IFRS 1021" leffefAive 1 January 20191.
obl￿tIV0¥ and •¢tlviti69
The Chronicle Theatre Company Limlted seeks to enhance experience and underslandlng of the works of
Shakespeare.
In shaping our oblectlves for the year and plannlng our 8clivllles, the Iru8tee$ have had regard lo the Chadly
Commission's guidance on publlc benefit in managing the actlvllie5 01 the charty.
Achi•v•m•nts and p•rfomianc•
Flnanclal revlew
The financlal poslllon of thè charlly al 31 March 2024 and the ¢ompar8lives for Ihg prior period. 1$ summari8ed 4$
follows..
2024
2023
Net Incomelllossl
17,989
5,018
Vnrestrfcled revenue funds avallable for the
general purpose of the tharily
25,964
7,975
Total Funds
25,964
7,975
The board of Irusle8s Is sali8fled that the charity's assets In each fund ar6 availabl6 and adequatè to fulfil Its
obligations in respect of each fund.
Rèserves pollcy
It is the policy of the charitable company that unrestncled funds which have not been designated for a specific use
should be maintslned al a level equivalent lo between three and six month's expenditure. The Iruslees consider that
feserves al this level will ensure that, in the event of a sbgnificanl drop in funding, they wlll be ablé lo continue the
charitable company's current activities whil8 consideration is given lo ways in which additional funds may be raised.
This level of reserves has been maintained throughout the year.
The board of trustees 18 $81isfied that the charfly's 88sels in each fund aré aVaila￿e and adequate to fulffl Its
obllgalions in respect of each fund.

THE CHRONICLE THEATRE COMPANY LIMITED
TRUSTEES REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
Govoming documant
The charY(y changed Its name from Sh8k8$peare in Italy to Th¢ Chronlcle Theatre Company Limited on 17 April
2023 in the light of Its objectives to include in Its activlties, workshops In schools and prisons in the UK.
The charfty Is controlled by rts governing document. a deed of trust, 8nd constrtutes a limited company. limited by
guarantee, a$ defined by the Comp8nle5 Act 2008.
There are no réstrictions in the goveming documènts on the operation ot thè tharily or on ils inwslment powers
other than Ihosts imposed by charity law.
By opèratlon of 18w, all trustees are directors under the Companles Act 2006 and all directors are trustees under
Charities legislallon and have responsibllitles, as such, under both company and charlly18gislation.
Tha trustees are all individuals.
The trustees, who are also the dlrector5 for the purpose of company law. and who $orv¢d during the yaar and up to
tho dale of signature of the financial statements weTe'.
WM R Ramsay
J P Pockham
S S8yeed
J 8ridges
M I Corbidge
R Kabir
M l Kowalczuk
IRe8lgned 9 Aprll 20241
IAppoint8d 16 May 20241
(Appointed 16 May 20241
(Appointed 23 May 20241
None of the Iruslees ha5 any beneficlal interest in the company. All of the trustees ar8 members of the company and
guarènlee lo eonlribu16 £1 in the event of a winding up.

THE CHRONICLE THEATRE COMPANY LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
Statement of r88ponslbllltles
The Iruslees, who are also the directors of The chron1c￿ Theatre Company Limited for Ihe purpose of company
law, are responsible for preparing the Trustees Report and the flnancial ststements in accordance with appli¢8ble
law and United Kingdom Accounting Standards Iuniteit Klngdom Generally Accepted Accounting Pradice.
The law applicable to charities and the Company Law in England and Wales requires the trustees lo prepare
financial statements for each financial year whSch give a true and faiT view of tha slal8 of affairs of the ch8rfty and of
the incoming re8ourGes and application of resourcè8 of the charity for that year.
In preparing these financlal stalemenls, the trustees are required to..
select suitab18 accounliThJ policles and then apply them cong18tently',
- obserye the methods and princip18s in th8 Charttles SORP.,
make judgements and eslimalgs that are rea$on8ble and prudent.,
stale whether applicable UK Accounllng Stand8rd8 have been followed, subjoct to any malgrlal departur9$
disclosed and explained in the financial slalemenls, and
prepare the financlal statements on the going concern basis unless rt is inapproprlal8 to presum& that the charfty
wlll continue in operation.
The trustees aro résponsible for keeping 8dequat8 accounting records that disclose with reasonable accufacy al
any lime Ihe financial p0511ion of the charlly and enable them lo ensure that the financial slèlemenls com￿Y wllh the
Companles Act 2006. the Charllles Act 2011, the Chgrily (Accounts and Reports) Regulation8 2008 and the
provisions of the trust deed. They are 8180 responsible for safeguarding Ihe assets of the ¢hadly and hence for
laklng reasonablè steps for the prevanlion and detection ot fraud and other irr8gularilies.
The report W85 approved
y the Boord of Trustèès.
SPFO￿.-
M I Corbidge
T￿￿tee and C
J P Peckham
Trustèè and Honorary Trea8uror
alnnan
Dale..

THE CHRONICLE THEATRE COMPANY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE OF THE CHRONICLE THEATRE COMPANY LIMITED
I report to the trustees on my eXamIna￿On of the flnancial statement8 ofThe Chronlde Theatre Company Limited for
the year ended 31 March 2024.
Responsibilitia and basis of report
As the Iru61ees of the charitable company land also its director5 for the purposes of Gompany law) you are
responsible for the preparation of the financial 51alemenls in accordance with tho requirements of the Companies
Act 2006 Ilhe 200S Act) and the Chadlles Act 2011 {the 2011 Adl.
Having 5ati$fied myself that the financlal 51alemenls of the charitable company are not required lo be oudited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect ol my examination of the
charitable company's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In
carrying out my examination I have followed all the applicable Directions given by the Charity Commisslon undef
section 14515llbl of the 2011 Act.
Independent examlne¢s statement
I have cornpleled my exomination. I confirm that no matters have come lo my 8ttention in connection with the
examlnalSon giving me cause lo believe that in any material respect..
accountlng records were not kept in respect ol the charity as requlred by Bectlon 386 of the 2006 Act,. or
the financial statements do not accord wlh those records., or
th8 financial slalemenls do not comply wlth the accounllng requlremenls of section 398 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
independént examination., or
the financial ststgments have not been prepared in accordance with the mglhods and PTincApl68 of th&
statement of Recommended Prath'ce for accounting and reporting by charitie5 applicable to charities
prepartng their accounts in accordanc? wrth the Financial Reporb'ng Standard appllcable In the UK and
Republlc of Ireland IFRS 1021.
I have no concerns and have come across no other matters In connectlon wlh the examinatr'on lo which attention
should be drawn in this report in order lo enable B prop8r understanding of the financial Statements lo be reached.
rlsh Shah - Independent Examlner
SPW IUKI LLP
Gable House
239 Regents Park Road
London
N3 3LF
Dated..

THE CHRONICLE THEATRE COMPANY LIMITED
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlctsd
funds
2024
Unrestrlcted
funds
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Summer school
A Merch8nt of Venlce
Orchard Project
Liverpool Project
Workshops
Aliens Project
19,900
14.111
18,517
3,822
16.110
3,500
900
5.000
Other Incom8
388
Total Incom•
35,299
46,949
EX￿ndItUrn on:
Fundr818ing ond public
900
Charflablé a¢tlvllle6
16,410
41,931
Totsl •xwndltur•
17,310
41,931
Net Income and mov•ment In fund8
17,989
S.018
Reconclllatlon of fund8:
Fund balonces at 1 April 2023
7,975
2.957
Fund balanc08 at 31 March 2024
25,964
7,975
Tho statement of financial activiligs Includes all galns and lossés recognlsed in the year. All income and expenditure
derive from ¢ontsnuin9 activiti8$.

THE CHRONICLE THEATRE COMPANY LIMITED
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Not•¥
Curr•nt as$ets
Debtors
Cash al bank and In h8nd
12
876
27,268
381
10,544
28,144
10.925
Crodltor¥: amounts falllng due w5th1n
one ygar
13
12,1801
12,9501
Net cuffent a88ets
25,￿4
7,975
Incom• lund8
Unreslrictod funds
25,984
7,975
25.964
7,975
The company Is entllled lo the exemption from the 8udll requlTemenl contslngd in ￿¢tIon 477 of the Companles Act
2006, for the year ended 31 Marth 2024.
The dlrectors acknowledge Ihgir responslbllilles for complying ￿th the requlrements of the Companies Act 2008
with raspact to accounting records and the preparation of financial slalements.
The members have not required the company to oblaln an 8udlt of 118 fin8na81 statements for the yew in questlon In
accordance with sectlon 476.
Thgse financi81 slalemenls havg been prepargd in accordance with the pfovisions applicable to Gompanie$ subjeGI
lo the small companie8 rtgime.
The fingncTal statement8 were a
roved by the board of trustee8 on .
M I Corbidge
Trustse and Chalmian
J P Peckham
Trustee and Honorary Treasurer
Company regi*tration number 10022562

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcl88
Charity information
The Chronicle Theatre Company Llmiled is a private company limited by guar8nlee Incorporated in England
and Wales. The reglslered office is Gable Housg, 239 Regents Park Road. London, N3 3LF.
1.1 Accountlng conventlon
The financial ststemenls have begn prepared in accordance with the chariltys deed of tNst, the Charlllès Act
2011, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland l FRS 1021 and the Charities SORP 'Accounling and Reporting by Charilles." Slalemènl
of Recommended Practice applicable lo charit165 preparing their accounts in accordance with the Financlal
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffecuve 1 January 20191. The is
a Publlc Beneflt Entity as defined by FRS 102.
The has t8kèn 8dvanlage of the provi¥lons in the SORP for charities not lo prep8r8 a Slalemenl of Cash
Flow8.
The financial $latemenls are prepared in sterling, Kthlch is the functional ¢urrènGy of the Gharty. Monetary
amounts in Iheye financial stslemenls are rounded to the nearest £.
The finand81 statements have been prepared under thè hlsiori￿l cost convention, The prlnclpal accounts'ng
policSe5 adopted are set out below.
1.2 Golng conc•rn
The financial slalemenls are prepared on Ihg basis ol going concern, the applic8bllty of which Is dependent
upon the continued support of the company's crfjdilors and financiers. In the opinion of the Irusle8s, the
company has the support of ils creditors and financiers for the foreseeable lulure. and il is Iherebre
consldered appropriate to adopt the golng eoncèm policy. The financial slalements do not include any
adjuslmenls that would re8uII if guch support was wllhdrawn.
1,3 Charltable funds
Unregtrietèd funds are avallable for use al the discrellon of the Iruslees In lurtherance of their charitable
obleclives.
Restrided funds are 5ubjed lo specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the r•stri¢tgd funds are sel out in the notes to the financi81 stalemenls.
Endowment funds are subject lo ¥pecfflc wndillons by donors that the capllal musl be malntained by the
chartty.
1,4 Incom•
Income is recognised when the charity is legally entitled to it after any performance conditions have been mel,
the amounts can be measured rellably, and il Is probable that income will be rec8iv8d.
Cash donations are recognised on receipt. Other donation5 are recognised once the charity has been nolifigd
of the donation. unless pertomiance conditsons require deferral of the arnounl. Income lax recoverable in
relation lo donations rèceived under Gift Aj'd or deeds of covenant Is recognlsed at the time of the donation.
Legades are recognised on r￿elp1 or olherwise if the charity has been notlfied of an impending di8lribub'on,
the amount is knoN¥n, and re￿ipt Is gxpedgd. If the amount is not known. the legacy is treated as a
contingent asset.

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
A¢countlng pollclos
{Contlnu¢d)
1.S Expgndlturg
Expenditure Is recognls8d once there is a legal or conslructlve obllgallon to transfer economic benefit to a
Ihircl party, il is probable that a transfer of economlc benefits will be required in settlement, and the amount of
the obligation can be rneasuretj reliably.
Expenditure Is classified by activity. The costs of each 8cllvlly are made up Cif the total of dir￿1 costs and
shared co$l¥, including support costs involved in undertaking each 8Ctivity. Direct CDSIS attributable lo a single
activity are allocated diredy lo that activity. Shared costs whlch contribute ltr mgre than one activity and
support costs which are not attributable lo a single activity are apportioned betsveen thos8 activili8s on a basis
conslslenl with the use of iesourc&s. Central staff costs are allocatèd on the basis of lime spent. and
depreciation tharges are allocated on the portion of the asset's use.
1.6 Cash and cash oqulvalant8
Cash and cgsh equivalents include cash In hand. deposrts held al call with banks. other short-lefm liquid
inve8lmenl8 with orlglnal malurilies ¢f three months or le88, and bank overdralts. Bank overdiafts arè Shown
wlthin borrowlngs In current liabllltles.
1.7 Flnanclal In•truments
The ¢harity has elected lo apply the provislons of Section 11 'Baslc Flnanclal Inslrumenls, and Secllon 12
'Olher Financial Instruments 18suès' of FRS 102 to all of rts finanaal inslrumenl8.
Flnancial Instruments are recognlsed In the charity's balance aheet when the charity becomes paty to the
conlraclual provisions of the instrum¢nt.
Financial assets and liabllllles are offset. with the nel amounts presented in the flnanclal slalemen18, when
there Is 8 legally enforceable rSght lo sel off the re¢ggni$gd amounts and there is an intention to settle on a nel
basls or lo reali8e the asset and settle Ihg liablllty ylmullaneously.
8•sic financial assets
Basic financial a888ls. whSch include debtor5 and ush and bank balances, are Inlllally measured at
transaction price Includin9 transaction CDSts and are $ub$gquenlly carried al amortlsed cost using the effective
interest method unless the arrangement constilules a financing transaction, where the transaction is
measured al the present Value of the future receipts di$countfjtJ 81 a market rale ol interest, Financial 88sels
classified as receivable wllhln one year are not amortised.
Baslc financial liabilities
Basic financial liabilities. includlng creditors and bank loans are inillally recognised al Iransacts'on prlce unless
the arrangement conslilules a financing Iransaclion, where the eebl instrument is measured al th8 present
value of the futu￿ payments discounted al a market rale of inlergsl. Financial liabiliues classified as payable
within one year are not amort15ed.
Debt instruments are subsequently earri8d al amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for good$ or $orvi¢es Ihal have been acquired in the ordlnary course of
operations from suppllers. Amounts payable are classified as current liabilities rf payment is due within one
year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised inlUally at
Iransa¢tion price and subsequently measured al amortised cost using the effertive interest method.
Derecognftlon of financial liabilitios
Finan¢ial liabilits'gs are deiecognised ￿en the charity's conlraclual obligations expire or are discharged or
cancelled.

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollclos
IContlnu•dl
1.8 Empk+yeo beneflts
The cost of any unused holiday entitlement 18 recognised in the perlod Sn whleh the em￿Oyee'S servKes are
received.
Termination benefits are recognised immediately 8S an èxpènse when the charity is demonstrably ￿mMItted
lo termlnate the employment of an employee or to provide lemilnatlon benefrt$.
Crltlcal accountlng ostlmatss and Judgam•nt8
In the applicatson of the charlty's accounting policies, the trustees are requlred lo make judgements, oslimales
and assumptions about the carrylng amount of assets and liabilities that are not readSly apparent from other
sources. The 98limales and 888¢xiaied assumptions are based on histon'cal eXperIen￿ and other faclcf5 thai
are considered lo be relevant. Actual results may d+ffer from these eslimales.
The 881imates and underfying 8ssumpti¢Jns arg reviewed on an ongoing basls. R8vlsion$ lo accounting
•¥limales are recognised In the perlod in whith the estimate is revised where the revision affects cnly that
period, or in the perlod of the revlslon and futuro perfod8 where the revi8lon 8ffect8 both current and future
poriods.
Income from donatlon8 Ind legacles
Unrestrktsd
funds
2024
Unro•trlct•d
2023
Donations and gifts
19,900

}IR- 111
Iii-
Iii

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Othgr Income
Unr•8trlctèd Unrestrlctsd
fundg
funds
2024
2023
Other income
388
Expgndrture on rn18lng fund8
Unrejtrleted Unro¥trlct•d
funds
fund$
2024
2023
Fundral•lng and publlclty
Fundraiser's commission
900
harft•ble acovltlei
Unr•8trl¢t•d Un￿t￿cted
Fund¥
Funds
2024
2024
Totsl UnrestrIct￿ Unr••trlct•d
2024
Fund•
Fundi
2023
2023
Tot41
2023
Summ8r School
Or¢hard Project
Workshops
Allens Costs
Liverpool Project
10.567
10,567
11,783
16.845
11,783
16,84S
1.568
1,568
4,778
2,989
4,778
2.969
12,135
12,135
36,37S
36,375
Share of suppert co$1$
18ee note 81
Shar8 of govemance
costs (see note 81
3,015
3.01 S
2,926
2,926
1,260
1.280
2,630
2,630
12,135
4,275
16,410
38,375
5,556
41,931

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
Support cogts allocatsd to •ctlvltles
2024
2023
Insurance
Computer running costs
Motor and travel
Subscriptions
Bank charges
Sundry expen8e8
Exchange gainlloss
Governance co¥ls
445
1,747
105
250
113
289
1231
2,630
2,075
228
95
32
24
1,280
4,275
5,556
An•1y$¢d bètween..
Charitable activities
4,275
5,556
Trusts•8' R•mun•rntlon and 8en•flts
None of the Iruslees or any persons connected wrth them recelved any remuneralon or beneffts from the
charity during the year.
10 Employees
The average m¢)nlhly number of employee¥ duilng the year was..
2024
Number
2023
Numb•r
There were no employees wh¢Yde annual remunerallon was more than £60,000.
11 Taxatlon
The charity is exempl from laxalion on ils acllvhies because all ils Income 1$ applied for tharrtable purp059$.
12 Dèbtorn
2024
2023
Arnounts falllng due wlthln ono year..
Prep8ymenls and 8ccrued income
876
381
12-

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Credltorn: amount8 falllng due within onè y•ar
2024
2023
Notes
Deferred income
Accruals
14
880
1,300
350
2,600
2.180
2.950
14 Deferred Incom•
2024
2023
Other deferred Income
880
350
Deferred income Is Ineludèd in the financl81 st818mgnts as follows..
2024
2023
Dèlerrgd income is included wlthin..
Current Ilabiltties
880
350
Movements in thè year..
Deferred Incom8 at 1 April 2023
Released from previous periods
Resource8 deferred in thé year
350
13501
880
12,588
112,2161
Deferred inwne al 31 March 2024
880
350
15 Unr•strictsd funds
The unrestrlcted funds of the charlly comprise the unexpended balances of donations and grants which are
not subject lo specific condS1ions by donors and grantors as lo how they may be used. These includg
designated funds whlch have been sel aside out of unre$iiicted funds by the trustees for spaafi¢ purposes.
At 1 Aprll
2023
Incomlng
resources
Rosourcos At 31 March
gxpgnded
2024
General fund8
7,975
35,299
117,3101
25,984
Prevlou8 year:
At 1 Aprll
2022
Incomin9
resources
Resources At 31 March
xpènded
2023
General funds
2,957
46.949
141,931)
7,975
13-

THE CHRONICLE THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Ralated party transactlons
There were no disclosable related party transactions during the year.
17 Wlndlng up or dl¥¥olutlon of the charlty
If upon wnding up or dlssolulion of the charity, there remain any assets, after the sallsfactlon of all debts and
liabilities, the assets represented by the accumulated fund sh811 be transferred to Some other charftabl8 body
or bodies having simi18r objects lo the charty.
14-