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← Thinktank Theatre (Streatham Space Project)

2025-03-31-accounts

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Thinktank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

CONTENTS Page
Reference and Administrative Details 1
Trustees’ Report (including Chair’s 2-9
Report)
Independent Examiner’s Report 10-13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Accounts 16-20

Page 1

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Reference and administrative information for the year ended 31 March 2025

Registered Charity Number 1172475
Registered Office 16 Louvaine Road
London SW11 2AQ
Trustees Trustees in office from 1 April 2024 to the date of this report are as
follows:
Brian Harris (Chair)
Kate Anderson
Edua Effiom
Jennifer Grainger
Jayson Harris
Karen Di Lorenzo
David Money
Kane Moore (resigned 1 June 2024)
Yassine Senghor
Independent Examiner Zelica Jones
Bank NatWest
Norbury Branch
1393 London Road
London SW16 4AL
HSBC
Peckham Branch
Rye Lane
London SE15
(account closed March 11 2025)

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

CHAIR’S REPORT AND THANKS

In our report of 2023/24 we reported on a tough year and the difficulties of recovering from the COVID closures. We were able to mount a good programme of artistic and Community events during the first part of 2024-25, but although our hiring activity - for rehearsals, community events and social activities - remained reasonably strong, we found that audience numbers were unpredictable and bar income was below expectations..

Since the opening of the charity in 2017 the operating model has been dependent on grant aid and fundraising to supplement earned income. Until summer 2024, our track record in attracting such funds had been outstanding and despite not getting regular core funding (local authority/Arts Council) it has provided a sound basis for our operations. However, during summer 2024 we found that funding from trusts and foundations became increasing difficult to secure, which, in the context of increasing operating costs and the cost of living crisis, caused Trustees to re-examine our financial projections for the 2024-25 year.

In summer 2024, we undertook a review of all aspects of operation of the charity, and modelled a number of different ways of going forward. We reluctantly decided that the only viable option at this point was to scale down our artistic programme and associated staffing, and to move to operating as a venue for community activities and hiring, with minimum staffing. We adopted this operating model from September 2024 while seeking partnerships with other organisations which we hoped would allow Streatham Space Project to return to its original programme of activities. We were able to continue with some successful artistic activities and a good level of use by the local community until March 2025.

Throughout this difficult period the staff continued to work tirelessly and I’m most grateful to them all. With reductions in staff and the need for constant and close involvement in the day to day operation the trustees took on a much more demanding role and each has brought their areas of skill to the situation. My huge thanks goes them all.

We are most grateful to all those that supported us during this year; organisations, funders, trusts and foundations and individual donors, and particularly our audiences and users/hirers who are critical to our success; we greatly appreciate their continuing support and engagement.

We have remained committed to providing a welcoming arts venue for people in Streatham and the surrounding area, but by the end of this year it has become clear that without regular and considerable funding SSP cannot continue. Trustees were not able to secure enough certainty over income to guarantee continuing trading as a going concern, and with reluctance therefore decided at the board meeting on 20[th] June to start the process to wind down the operation, with the intention of ceasing trading from April 2025. We relinquished the lease on the Streatham Space Project building from May 2025, and are in process of winding up the charity. We are currently waiting for a payment of £706 from HMRC (to cover maternity payments made by the charity) which is preventing the formal closure of the charity, but we are working to complete the closure process and will close as soon as HMRC makes payment.

Brian Harris, Chair of Trustees

3

Page 4

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Report of the Trustees

OBJECTS AND ACTIVITIES

The objects of the CIO are:

To promote, maintain, improve and advance education in and appreciation of the arts in all forms among the people of Streatham and the surrounding area.

  1. To promote for the benefit of the inhabitants of Streatham and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

Nothing in this constitution shall authorise an application of the property of the CIO for purposes which are not charitable.

The three main activities of the charity during this year continued to be to:

  1. Celebrate our community and their stories through creative events

  2. We provided a varied and affordable performance programme, albeit limited, across theatre, music, spoken word, visual arts and comedy that allowed cultural exchange and brought our community together.

2. Empower young people through access to creative opportunities

3. To be a springboard and laboratory for emerging creatives to take risks –

Unfortunately all three of these areas were limited by the on-going financial and operational issues.

Page 5

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Report of the Trustees (cont’d)

PUBLIC BENEFIT

Streatham Space Project is a theatre and multi-arts centre rooted in its neighbourhood in south London.

Despite the on-going difficulties we were able to offer programmes (albeit at a lower level than in previous years) that brought people together and reflected the vibrant cultural diversity, identity and experiences of the people and communities in our neighbourhood. We continued to support the next generation of south London artists contributing to the wider arts ecology and the UK as a creative community.

We continued to programme to engage our local audiences from a range of cultural backgrounds, including price-conscious families, young adults passionate about spoken word and new music, south London theatre and comedy enthusiasts looking for quality provision, and people from a wide range of cultural backgrounds looking for content that is made by and for them. The building remained available for use by the community for social and charitable activities and we tried to do that at costs that were acceptable to those users. Hire use remained at a good level

ACHIEVEMENT AND PERFORMANCE

As will be clear from the above, 2024/25 was not a normal year for SSP and as a result the achievements are below levels seen in previous years. Some aspect of the year are:

In all these the trustees have paid due attention to the guidance of the Charity Commission in ensuring that all of these activities are undertaken for the public benefit and/or preparing the charity for undertaking its primary activities all of which are for the public benefit.

FUNDRAISING ACTIVITIES

In this year we continued to attract grants from both public bodies and from trusts and foundations, but all of these were for specific projects and programmes and at significantly lower levels than expected or needed. The key grants were:

of these were for specific projects
needed. The key grants were:		 and progra
Garfield Weston £26,250
Lambeth Council Community Days £15,000
Lochland Trust £5,000
Jack Petchey Foundation £1,000

Page 6

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

Report of the Trustees (cont’d)

FINANCIAL REVIEW

Results for the year

The financial model for ThinkTank Theatre is to achieve at least a break-even position on activities or programme that is undertaken. Any surplus income from ticket sales, hires or activities will be used to build up reserves in line with the reserves policy, and to further the charity’s aims and objectives.

The rising costs of all goods and services has continued to impact on our operation and on our communities, lowering their disposable income. Audience behaviour is unpredictable, and attendance remains lower than it was pre-COVID resulting in lower audience numbers than we predicted.

In the year 2024-25 income was £170,970 of which £129,720 was unrestricted and £41,250 restricted. In comparison, in the year 2023-234 income was £276,363 of which £235,439 was unrestricted and £40,924 restricted

Expenditure in 2024-25 was £186,898 of which £145,648 was unrestricted and £41,250 restricted. In comparison, in the year 2023-24 expenditure was £336,291 of which £223,599 was unrestricted and £112,692 restricted.

The detailed figures are included in the financial statements. At the year ended 31 March 2025 the charity held general funds of £2,821 (31/3/2025: £18,749) and £0 in restricted funds (31/3/2024 £0). Total funds held at the 31[st] March 2025 were £2,821. (31/3/2024: £18,749).

Reserves policy

The CIO has set the intention to work towards building a reserves equivalent to 3 months operations. This would amount to £55k, to include:

a) One month’s salaries

b) Any redundancy payments due to staff

c) 3 months building operating costs (e.g. heat, light, maintenance)

Our reserves position at 31 March 2025 was general fund £1,820 (2023 £18,749) restricted funds £0, (2024: £0), total funds held £2,820 (2023: £18,749).

Going Concern

At the start of 2023/24, Trustees were of the opinion that the Charity would remain a going concern due to anticipated income from grants and commercial activity. However, in summer 2024 the Trustees regularly reviewed projected income and available net reserves, in the light of poor trading income and a number of unsuccessful grant applications. Our assessment in July 2024 was that future income would not be sufficient to cover planned expenditure. Trustees therefore decided to pause the planned programme of activities to focus on income generation and cost restructuring, including redundancies among the permanent staff

Page 7

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Report of the Trustees (cont’d)

FINANCIAL REVIEW

team. Trustees worked hard to seek to establish a viable business model to allow the organisation to return to full operations in the future. The cost cutting decisions taken in July 2024 meant that at 31 March 2025 it remained technically solvent, however, the judgement of the Trustees is that the charity is no longer a going concern.

Post balance sheet event

At the end of the financial year, our projected income and expenditure for 2024/25 was targeted to generate a breakeven outturn for the year. However, during the course of the first quarter of 2024/25 we were unsuccessful in a series of grant applications, and income from our trading activities was below targets. This meant that in July 2024 we had to take the painful decision to reduce our staffing team and scale back our programme of activities to ensure we could remain financially viable. From October 2024 we operated a limited programme of community activities while continuing to provide lettings to locals and other users with a part-time staffing team.

However, as future funding and partnerships could not be secured, in April 2024 the Board confirmed the decision to wind up operations and to seek to hand back the building lease. This was completed in May 2025, and the Charity is in the process of winding up. The charity has settled all creditors with the exception of a Director’s loan, which is offset by the outstanding HMRC repayment debtor.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was established in 2017 and is controlled by its governing document, a constitution.

Charity constitution

Streatham Space Project is constituted as a Charitable Incorporated Organisation (CIO).

Recruitment and appointment of new trustees

The charity is governed by its board of trustees who are appointed under the terms of the constitution. The Board must consist of at least five but no more than fifteen trustees.

New trustees are proposed by serving trustees and elected with a majority vote by the existing trustees. Proposed trustees are invited to meet with the chair, Creative Director and Executive Director and to observe a quarterly meeting. If, after this, potential trustees wish to serve on the board, the existing trustees will then decide whether or not to invite them to become a trustee. The trustees are also the members of the CIO.

When considering appointing new trustees, the Board has regard both to the charity’s need for any specialist skills and to the diversity of the Board’s membership.

Induction and training of new trustees

Newly appointed trustees undergo an induction process including briefing them on their responsibilities as trustees, decision-making processes, the charity’s governing document, the strategic plan and recent financial performance, and the latest set of the accounts of the charity.

Page 8

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Report of the Trustees (cont’d)

Organisational structure

The board of trustees meets at least four times a year, and has met monthly (and occasionally weekly) since July 2024. During these meetings, all matters regarding the management and the furtherance of the organisation's charitable aims and objectives are discussed and decided upon. A Finance and General Purposes Sub Committee has also been established, which has met at least monthly since June 2024.

Decision making

Decisions are reached by consensus or, when necessary, by majority vote among the (at minimum) two voting members attending.

Risk management

The trustees have a duty to identify and review the risks to which the organisation is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Trustees’ risk management strategy comprises of a comprehensive budgeting and planning system with an annual budget; regular meeting of the Finance Subcommittee; monthly review of the management accounts vs budget.

The Trustees identified and reviewed the major risks to which the charity is exposed on a regular basis. Particular risks that are being regularly monitored include:

Mitigations Include:

This approach gave the Trustees time to identify the future financial risks and to reduce activity and financial commitments accordingly; as the financial position remained fragile, Trustees decided that are working closely with the interim management team to monitor and manage the position.

The financial statements comply with current statutory requirements, the charity's trust deed and the statement of Recommended Practice - Accounting and Reporting by charities: SORP applicable to charities preparing their accounts in accordance with FRS 02.

Page 9

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

Report of the Trustees (cont’d)

Independent Examiner

A resolution proposing that Zelica Jones be appointed as independent examiner of the charity has been put to the members and approved.

The report was approved by the board on 23 December 2025 and was signed on its behalf by:

………………………..

………………………..

Brian Harris Chair of Trustees

Karen Di Lorenzo Trustee

Page 10

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

Report of the Independent Examiner

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

STREATHAM SPACE PROJECT Charitable Incorporated Organisation (1172475)

I report on the accounts of Streatham Space Project for the year ended 31 March 2025.

STATEMENT OF RESPONSIBILITIES

The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed.

I am responsible for:

  1. Examining the accounts under section 145 of the Charities Act 2011

  2. Following the procedures laid down in the General Accounting Practice for Small Charities (CC32 guidance)

  3. Providing this report to the trustees

BASIS OF THE INDEPENDENT EXAMINATION

I conducted the examination in accordance with the Charities (Accounts and Reports) Regulations 2008 and the charity guidance (CC32). I have verified the accounting records against underlying source documentation including:

I have considered whether the accounts:

KEY FINDINGS

Accounting Records and Systems

The charity maintains adequate accounting records recorded in an accounting software. The records are properly kept and have been reconciled to bank statements. Supporting documentation is retained and available for inspection.

Page 11

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

Financial Position

The accounts show:

The decline in income and expenditure reflects the trustees' decision in July 2024 to scale down operations in response to challenging fundraising conditions and lower trading income during the year. The trustees formally decided to cease trading in June 2025 and the charity is now winding up.

Income Recognition

Income has been properly recognised under SORP in the year earned:

• Restricted grants (£41,250): All from Garfield Weston Foundation (£26,250) and Lambeth Council (£15,000) were applied fully to their intended purposes by 31 March 2025. No restricted funds carried forward.

Expenditure

Expenditure has been properly classified and recorded:

Going Concern

The trustees have properly disclosed that the charity is not a going concern. In summer 2024, the trustees regularly reviewed projected income and expenditure and concluded that future income would not be sufficient to cover costs. A decision to cease trading from April 2025 was made at the board meeting on 20 June 2025. The building lease was handed back in May 2025. The charity is now winding up.

This treatment is appropriate and the accounts include proper disclosure of this matter in the trustees' report.

Reserves

Page 12

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

The charity held general reserves of £2,821 at 31 March 2025. The trustees' reserves policy aims for 3 months operating costs (£55k). The current reserves position is below policy target due to the operational deficit and the decision to wind down operations. No designated funds were held during the year.

Fixed Assets

Theatre fixtures and fittings have been fully depreciated as at 31 March 2025. The depreciation charge of £425 is appropriate and reconciles to the fixed asset register.

Outstanding Matters

The trustees report that the charity is awaiting a PAYE/maternity repayment from HMRC (£6,259 shown as a debtor) which is offset against a director's loan. This prevents the formal closure of the charity but will be addressed once HMRC processes the claim.

Compliance

The accounts comply with the requirements of the Charities Act 2011 and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP (FRS102).

CONCLUSION

Based on my examination, I can confirm that:

  1. The accounts present a true and fair view of the charity's financial position as at 31 March 2025 and of its financial activities for the year then ended

  2. The accounting records are adequate and have been properly maintained

  3. The accounts have been prepared in accordance with SORP (FRS102) and comply with the Charities Act 2011

  4. The charity has proper systems of control to prevent fraud and error

  5. All restricted funds have been applied for their intended purposes

I have no matters to report that require attention from the trustees or that should be drawn to the members' attention.

The trustees' disclosure of going concern is appropriate and properly explains the closure of the charity and transition to wind-down.

Page 13

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

RECOMMENDATION

Given the complexity of the wind-down and the outstanding HMRC claim, I recommend that the trustees continue to maintain proper records of all wind-down transactions, including settlement of any final creditors, and document the final closure process for charity records.

Signed: Zelica Jones

Zelica Jones Elevare

6[th] December 2025

86-90 Paul Street London EC2A 4NE

Page 14

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Statement of Financial Activities - Analysis of Income

1 April 2024 - 31 March 2025 1 April 2023 - 31 March 2024
General Fund Designated
Fund		 Restricted
Fund		 2024 Total General Fund Designated
Fund		 Restricted
Fund		 2024 Total
Notes £ £ £ £ £ £ £ £
Income and Endowment from
Donations Grants 2a 18,852 41,250 60,102 58,066 40,924 98,990
Charitable Activities 2b 101,182 101,182 158,431 158,431
Fundraising activities 2c 8,923 8,923 17,843 17,843
Other incoming resources 2d 763 763 1,099 1,099
Total incoming resources 129,720 0 41,250 170,970 0 235,439 0 40,924 276,363
Expenditure on
Fundraising activities 0 0 0 0
Charitable activities 145,648 41,250 186,898 223,599 112,692 336,291
Total resources expended 3 145,648 0 41,250 186,898 0 223,599 0 112,692 336,291 0
Net Income/Expenditure (15,928) 0 0 (15,928) 11,840 0 (71,768) (59,928)
Net movement in funds (15,928) 0 0 (15,928) 11,840 0 (71,768) (59,928)
Reconciliation of funds
Total funds brought forward at 31 March 2024 18,749 0 0 18,749 6,909 0 71,768 78,677
Total funds carried forward at 31 March 2025 2,821 0 0 2,821 18,749 0 0 18,749

Page 15

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

Balance Sheet
Notes 2025 2024
Fixed Assets £ £
Tangible Assets 7 0 425
0 425
Current Assets
Stocks 0 0
Debtors 10 8,189 19,174
Cash at bank and on deposit 4,099 53,448
12,287 72,622
Current Liabilities
Amounts falling due within one year 11 (9,466) (54,298)
Net current assets 2,821 18,324
Net assets 2,821 18,749
Funds
General Funds 2,821 18,749
Designated Fund 0 0
Restricted Funds 0 0
Total Funds 12 2,821 18,749

The notes on pages 12-16 form part of these accounts

The accounts were approved by the Board of Trustees on 23 December 2025 and signed on its behalf by:

Brian Harris, Chair of Trustees

Karen Di Lorenzo, Trustee

Page 16

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Notes to the Accounts

1 Accounting Policies

a) Basis of preparing the financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1[st] January 2029) Charities SORP 102).

b) Cash Flow Statement

As a small charity, the charity is not required to prepare a cash flow statement under the exemption under SORP (FRS 102) for Charities with an income of less than £500,000.

c) Tangible assets

Individual fixed assets costing £1,000 or more are capitalised at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected life as follows:

d) Incoming Resources

All incoming resources are included in the Statement of Financial Activities when:

e) Expenditure

As a non-company Charity expenditure is recognised on the accruals basis under SORP (FRS 102). All costs which can be directly attributable to charitable activities are allocated thereto. It is not considered that any purposes would be served in apportioning support costs to particular charitable activities as to do so would be arbitrary and could be misleading.

f) Fund accounting

Funds held by the Charity are either:

Page 17

ThinkTank Theatre (Streatham Space Project)

Charitable Incorporated Organisation (CIO)

Notes to the Accounts (cont’d)

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

g) Taxation

The Charity is entitled to claim Theatre Tax relief. As a registered charity (1172475) it is exempt from taxation on investment income applied for charitable purposes and form taxation on capital gains. The Charity is standard rated for VAT. The VAT number is 284677355.

h) Debtors

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

i) Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result from the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value after allowing for any trade discount due.

j ) Financial instruments

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

k) Significant accounting estimates and judgements

The Charity’s estimates and assumptions and based on historical experience and expectation of future events are reviewed annually. Further information about key assumptions concerning the future, and other key sources of uncertainty, are set out in the notes.

l) Pensions

The company contributes to a defined benefit contribution scheme for the benefit of its employees. Contributions payable are recognised as expenditure when due.

j) Reserves policy.

In setting the level of reserves the Trustees have considered the costs to which the Charity is committed on a continuing basis and the length of that commitment.

Page 18

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

Notes to the accounts for the year ended 31 March 2025

2 Statement of Financial Activities - Analysis of Income

aGrants and Donations
Grants for core activities - Public Bodies
Grants for core activities - other Foundations and
Trusts
Other donations/memberships
b Incoming resources from charitable activities
Charitable activities
c Other trading activities
d Other incoming resources
Sundry income
Total incoming resources		 Unrestricted
Funds
Restricted
Funds
Total 2025
15,000
15,000
6,000
26,250
32,250
12,852
12,852
18,852
41,250
60,102
101,182
101,182
101,182
0
101,182
8,923
8,923
763
763
129,720
41,250
170,970
1 April 2024-31 March 2025		 Unrestricted
Funds
Restricted
Funds
Total 2024
40,924
40,924
58,066
58,066
58,066
40,924
98,990
158,431
158,431
158,431
0
158,431
17,843
17,843
1,099
1,099
235,439
40,924
276,363
1 April 2023-31 March 2024		 Unrestricted
Funds
Restricted
Funds
Total 2024
40,924
40,924
58,066
58,066
58,066
40,924
98,990
158,431
158,431
158,431
0
158,431
17,843
17,843
1,099
1,099
235,439
40,924
276,363
1 April 2023-31 March 2024
98,990
158,431
158,431
17,843
1,099
276,363

3 Statement of Financial Activities - Analysis of Expenditure

Expenditure on charitable activities comprised:
Production Costs
Premises
Office Costs
Fundraising costs
Marketing costs
Staff costs
Independent examiners fees
Bank charges
Depreciation		 Unrestricted
Funds
Restricted
Funds
Total 2025
13,296
29,219
42,515
45,262
45,262
10,172
10,172
0
0
5,302
5,302
70,808
12,031
82,838
0
0
383
383
425
425
145,648
41,250
186,898
1 April 2024-31 March 2025		 Unrestricted
Funds
Restricted
Funds
Total 2024
34,767
63,997
98,764
62,399
62,399
6,543
6,543
0
0
7,366
11,198
18,564
110,478
37,497
147,975
1,500
1,500
546
546
0
0
223,599
112,692
336,290
1 April 2023-31 March 2024

Page 19

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

4 Staff costs and numbers

Salaries
Social Security
Pension
Other costs		 2025
2024
73,791
144,966
3,413
6,261
859
2,508
0
262
78,062
153,997

The average number of full time employees during the year was 4 (2024:6)

No members of staff had emoluments in excess of £60,000 for the year (2023:0)

5 Trustees remuneration and expenses

None of the Trustees were employed during the year (2024:0) and none received expenses (2024:0)

6 Key Management Personnel

The key management personnel of the charity are those persons having authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any trustee of the entity. The total employee benefits including employer pension contributions of the key management personnel amounted to £34,285 (2024: £43,411)

7Fixed assets
Cost
As at 31 March 2024
Additions
At 31st March 2025
Depreciation
As at 1 April 2024
Charge during the year
Net book value as at 31 March 2025
Net book value as at 31 March 2024		 Theatre
Fixtures and
Fittings
£
8,374
0
8,374
7,949
425
8,374
0
425		 Office
Equipment
2025 Total
£
£
2,567
10,941
0
0
2,567
10,941
2,567
10,516
425
2,567
10,941
0
(0)
0
425

8 Fund Balances

a General Fund - £xxxx

The surplus accumulated is in line with the Charity's policy on reserves and is retained in order to continue the development of the Charity's work (see Trustees' report).

b Restricted Fund - £0

National Lottery Project Grants
- Come Through Festival
- Development Grant
Garfield Weston Foundation
The Foyle Foundation
In Streatham Community Events Fund
Lambeth Council Community Days		 Brought
Forward
resources
£
0
0
0
0
0
0
0		 Incoming
Resources
£
26,250
15,000
41,250		 Outgoing
Resources
2025 Carried
Forward
£
£
0
0
0
(26,250)
0
0
0
0
(15,000)
0
(41,250)
0

Page 20

ThinkTank Theatre (Streatham Space Project) Charitable Incorporated Organisation (CIO)

9Grants/Donations/memberships incoming resource
Grants
Garfield Weston
Lochlands Trust
Jack Petchey Foundation
Lambeth Council
Donations/Memberships
10Debtors
Trade debtors
Prepayments
Other debtors
Trade debtors comprises a PAYE repayment due from
11Creditors
Trade creditors
VAT
Social Security and other taxes
Other creditors
Accruals and deferred income
12Analysis of net assets between funds
Fixed Assets
Current assets
Current liabilities
Total Fund Balances at 31/03/2025
Total Fund Balances at 31/03/2024		 s
HMRC
Restricted
Funds
£
0
0
0
0
0		 Incoming
Resources
£
26,250
5,000
1,000
15,000
47,250
2025
£
6,259
0
1,930
8,189
2025
£
6,896
856
725
123
866
9,466
Unrestricted
funds
£
0
12,287
(9,466)
2,821
18,749		 Outgoing
Resources
£
(26,250)
(5,000)
(1,000)
(15,000)
(47,250)
2024
£
7,064
1,204
10,907
19,174
2024
£
14,189
2,136
4,387
1,256
32,330
54,298
2025 total
£
0
12,287
(9,466)
2,821
18,749		 2025 Carried
Forward
£
0
0
0
0
0
12,852
12,852
2024 total
£
425
72,622
(54,298)
18,749
18,749