Company No: 118727799 CbArity' No: 11777 UMAN CLAYTHEAT LTD MPANY ITED B C.UARAN VNAUDITED ACCOUNTS.FOR THE AREN MARCH 2 RHUM AND CLAY THF.ATRE COMPANY LTD A COMPANY LIMITED BY GUARAiwfEE CONTENTS Legal and Athninistr81ive Infornulion Report of the Trusitts and Dire¢tors Aecountants, R¢port Staiement of Finaneial Activiti¢s Summary Income and Expendiiure Ac¢ouni Charity Balance Sheei Notes forming part of ihe Financial Stsiements 2to8 io 10 12to14 RHUM AND CLAY THEATRE cO￿1PANy LTD A CnMpANY LIMITED BY GUARANTEF. LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER: 11777.84 COMPANY NUMBER: 8727799 COMPANY SE TARY J.E. s￿￿￿er DIRECTORS AND IRUSTEES: A.A. Alderson N.H Niesterowi¢z-N¢wstead N.T.Raaum S.S. Wallis S. Wilson-white TERED OFFICE: New Diorama Theatre 15-16 Triton Strect LONDON, NWI 3BF AccoifNTANTS.' Messrs. Jeffrey Althian & Company, Chartered Accountsnts, Wayman House. 141. Wickham Road. Shirley. CROYDON, SuTTey, CRO 8TE. ## Trustees Report from the period of 1[st] April 2021 – 31[st] March 2022 ## **REVIEW OF ACTIVITIES AND ACHIEVEMENTS** Over the past year Rhum and Clay Ltd has successfully managed to emerge from the post Covid-19 pandemic landscape, developing new productions, delivering live work and increasing our engagement. This is thanks to the support of Arts Council England and the commissioning of new work by New Diorama Theatre, National Theatre of Parramatta Sydney and Warwick Arts Centre. Key achievements include: ## **Productions** - Our production of **The War of The Worlds** was eventually delivered after it was twice postponed and rebooked due to the Covid-19 pandemic. The tour took place in three bursts over Spring and Summer of 2022; a Co-Production with BRIGHTON festival and HOME Manchester. Venue partners who programmed the work were as follows: Connaught Theatre Worthing, Mayflower Southampton, Oxford Playhouse, Rose Theatre Kingston, Mercury Theatre Colchester, Derby Theatre, HOME Manchester, Warwick Arts centre and Liverpool Everyman. - We delivered and toured **The War of The Worlds** at Stanford university in California. This was - our first international tour date since the beginning of the pandemic. - Our anarchic clown show about dictators and the rise of populism, **Project Dictator,** opened at New Diorama Theatre. This was commissioned as a part of their 10-year anniversary season. - In partnership with New Diorama Theatre, Camden Council and British Land, we created and toured our first show for young people, **Everything Has Changed** . Made in response to the upheaval caused by the pandemic, this was a show about change and how to deal with it. Touring across London, the show performed to over **3000 children** completely free of charge. - Administratively we planned the Australian tour of **Mistero Buffo** . Performing for the first time in Australia at Brisbane Arts festival, HOTA on the Gold Coast and Toowoomba Performing Arts Centre. ## **Research and Development** The artistic team completed two periods of R&D alongside several different creative collaborators for **Project Dictator** and **GIANTS** . - We undertook a period of R&D for a new clown show about dictators. We spent time interviewing artists from across the world, hailing from Syria, China, Thailand, Azerbaijan, and Turkey, amongst others. These stories greatly inspired the show and how we made it. We also wanted to continue to experiment with how the audience interacted with the show, we wanted them to be complicit, questioning their role as passive observers. We travelled to Berlin to collaborate with Syrian musician Khaled Kurbeh to create an original score for the piece. - We undertook two periods of R&D for our latest midscale production **GIANTS** . This will be an international collaboration between Australian director Kate Champion, US based British writer Stephen Laughton and Rhum + Clay. The piece is a fictional retelling about what happened on the set of the 1955 film. Giant. The show explores celebrity, sexuality, and the plundering of natural resources. These R&D sessions were conducted online over zoom in three different time zones. These conversations will form the basis of material for the next stage of development. ## **Workshop and Training** - In the summer of 2021 we collaborated with 1[st] year 4[th] Monkey students. Over the course of 5 weeks, we devised a clown show about dictators. The course culminated in 3 performances for the public. For many of the students it was their first experience making work in person with other students since the pandemic. - In partnership with NDT Broadgate, we offered a series of free workshops on Chorus and communal storytelling. These 8 sessions were held once a week and completely free of charge. The space was provided by NDT Broadgate. - We also continue our regular workshop programme, running sessions alongside the **War of the Worlds** tour, working with students form Middlesex University as well as high school students from James Allen’s Girls School. ## **Organisational development** - There were a number of staffing changes during the year. Sally Cowling left the company as Executive Producer, Amy Strike departed as General Manager, and Aitor Gonzalez was later appointed as General Manager. - Grace Dickson joined the company as show producer for **Project Dictator.** - The company took on a new independent examiner, Mikaela Altman of Jeffrey Altman & Company. - On recommendation, we began the incredibly rewarding process of working with consultant Sarah Nicholson. Sarah has over 25 years’ experience working in the industry, having previously worked with Young Vic, Orange Tree Theatre, Donmar Warehouse, Sheffield Theatres amongst others. She will be guiding our two ADs in formulating policy, effective recruitment and good leadership. ## **FUTURE DEVELOPMENTS** The creative industry and theatre sector are still reeling from the turmoil caused by the pandemic, and therefore the landscape we now traverse has substantially changed. We have been successful in navigating this to date, and have the following creative ambitions and plans for the next 12-24 months. All of this is subject to change with collaborators and partners, as well as being subject to ongoing review with the Board of Trustees at regular meetings: - Take **Everything Has Changed** and **Project Dictator** to the Edinburgh Fringe Festival. Off the back of this, successfully book both regional and international tour dates. - Travel to Australia for the next stage of creative development for **GIANTS** with the National Theatre of Parramatta in Sydney and Black Swan in Perth. - Tour Australia with our one person show **Mistero Buffo** . - Continue development of our workshop programme, both in person and online, with an international reach. - Expand our networks of collaborators, particularly developing our knowledge of and connections with artists of colour and those from the Global Majority. - Develop our policies, processes, and protocols for how we work with and support freelance collaborators through project delivery. - Continue to recruit additional Trustees to the Board and to increase the diversity of its membership. - · Recruit a new senior producer. ## **FINANCIAL REVIEW** The accounts for 2021 - 2022 covers 1st April 2021 - 31st March 2022. The income generated by the organisation was £346,141 in 2022 and £61,256 in 2021. Expenditure was £237,056 in 2022 and £58,163 in 2021. The Board’s reserves policy aims to hold six months of minimal operating costs to enable the organisation to continue in planning mode, or wind the company down as necessary. At point of report, this amounts to approximately £19,587 which includes an allowance for production storage, administration subscriptions such as accounting software and website maintenance, and core staff time of one day per week (for Co-Artistic Directors and General Manager) for six months. This accounts period has been another large financial year for Rhum and Clay Theatre Company Ltd, with the receipt of two Cultural Recovery Grants from Arts Council England totalling £172,223, with a further £1500 from trusts and foundations. Our workshop programme raised £6,014 in 2022 and £3,424 in 2021. This increased income is indicative of the busier 12-month period the company experienced, as restrictions related to the pandemic were lifted and we could deliver in person workshops once again. The growth of both earned income and fundraising demonstrate a much more robust financial foundation to the company; we have successfully widened both our network of supporters and our audience following, which we hope to capitalise on when booking future work. Moving forward, we have commissions in the UK from **Warwick Arts Centre** and internationally with partners like the **National Theatre of Parramatta** in Sydney and **Black Swan** in Perth, as well as strong interest in **America** . We anticipate continuing to diversify our income streams by developing our engagement offer annually, and hope to diversify raised income through developing relationships with some key Trusts and Foundations over the coming years. The Charity's financial position at the end of the period is shown in the attached financial statements. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Rhum and Clay Theatre Company Ltd was incorporated on 10 October 2013, and is governed by its Memorandum and Articles of Association. Rhum and Clay Theatre Company Ltd is limited by guarantee without share capital. The guarantees of individual members are limited to £5. Rhum and Clay Theatre Company Ltd is a registered charity, number 1177784 ## **Management and Governance** The Board of Trustees administers the charity and meets quarterly. Day-to-day management is delegated amongst the core team of four, led by the Executive Team: Executive Team Co-Artistic Director - Julian Spooner Co-Artistic Director - Matthew Wells Sally Cowling - Executive Director ## Staff General Manager - Aitor Gonzalez ## **Directors/Trustees** The directors/trustees set out below have held office during the whole period of this report unless otherwise stated: Anthony Alderson Nadia Niesterowicz-Newstead Natalie Raaum (appointed September 2021, Maternity leave March 2022) Sophie Wallis Sarah Wilson-White ## **Investments** Most of the charity’s funds are spent in the short term. There are no major funds for long-term investment so all funds are held in bank accounts. ## **Related Parties** Whilst the charity has no formal relationship with ‘related charities’, it values collaboration with fellow arts organisations and exchanges mutual support and assistance wherever possible. This includes partnerships within projects. None of the trustees receive remuneration or other benefit from work with the charity. Any connection between a trustee or senior manager of the charity with any potential business or artistic partner must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. ## **Risk Management** The Charity has in place a Risk Management Plan, and undertakes periodic reviews for different risk mitigation including insurance cover, health and safety, safeguarding, policies and procedures. The Trustees have identified the following as the only major risk to the charity’s current or future operations: - Continuation/worsening of the Covid-19 pandemic may mean the interruption or cancellation of tour dates in the UK and internationally. ## **Going Concern** These financial statements have been prepared on a going concern basis. The trustees consider that the Charity holds sufficient reserves to deem the going concern basis appropriate. This report was approved by the Board on 20 December 2022. ……………….. S.S. WALLIS Director and Trustee RHUM AND CLAY THEATRE COMPANY LTD A COMPANY LIMITED BY GUARAN INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF RHUM AND CLAY THEATRE COMPANY LTD I report on the accounts of Rhum a￿1 Clay Theatr¢ Company Ltd for th¢ year en￿1 31 March. 2022 . which are set out on pages 7 10 9. Respeetlve rupon5ibilities of ¢￿stee$ *Dd ex*mitter The charity's tr￿teeS are rwrtsible for the pr¢FOrntion of the accounts. The charity's trustees consider that an audit 15 not required for this year under section 144 of th¢ Charities Act 2011 (th¢ Charities Acl) and that an ind￿ndent examination is needed. It is my responsibiliry to- Examine the accounts under 5edion 145 of the Charilies Act: To follow the procedures laid down in the general dhrections given by the Charity Commission under section 145(5Xb) of the Chartics Act; and To slate whether particular matt¢rs have come to my attention. Basis of Independent ex*miner's My examination was ¢8rried oul in accordan¢e with the general directions giv¢n by the Charity Commission. An examination includes a review of the accounting rttords kept by the charity and comparison of the accounts present￿ with thos¢ records. li also includes consideration of any unusual items or disclosur¢s in the ￿QUA￿ and seeking eXplan￿lon5 from you L% tsiJste¢s conceming any su¢h matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequenily no opinion is given as to wheth¢r the accounts present a 'true and fair view- and the reFK)rt is limited to tlM)se matters set oui ￿lOw. Independent ei8miner's ststtrnettts In connection with my examination. no matter has come to my allention: which giv¢s me reasonable ca￿e to believe that in any m*rial re5Ftth the requirements: to keep accounting r¢cords in accordance with section 130 olthe Clwitie5 A￿. and prepare accouDts which acwrd with th¢ accounting record5 and comply with the have noi ￿¢¢n met. or (2) to whiel4 in my opinion, attention should be drawn in order to enable a PTO understsnding of the accowits to be rea¢hoJ. Name: M D Altman Relevant prof onai qualifi(xtion or FCA FFREY ALTMAN & COMPANY Chartered A¢¢ountants Wayman House 141. Wickham R¢) Shirley Croydon Surrey CRO 8TE Date.. 16th DecemEer, 2022 Th¢se unaudited financial ststements have been subj￿Ied ￿ independent examination. RHUM AND CLAY THF.ATRF. C.ONIPATr41' LTD A C.OMPANY LIMITF.D B C.UARANTEE INDEPENDEIYT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF RHUM AND CLAY THEATRE COMPANY LTD l Teport on the accounis of Rhum and Clay The4tre Company Ltd for the year ended 31 MaT£I 2029 . Ivhich are set out on pages 7 to 9. Respe¢tiv¢ re$poh$ibilities of ir¥stee5 #nd ¢XAtt)iner The charity's ITUSiees are responsible for the preparntion of the accounts. The ¢h8rity'S trustees consider ihai an audit is not required for this year urKleT SttILon 144 of the Chariiies Aci 2011 (Ihe Charities Aci) and lha¢ inde￿ndent examinatioo is needed. 11 is my responsibility to.. Examine the accounts under se¢iion 145 of ihc Charilles Aci; To follow ihe procedures laid dowi in the g¢nerdl d¥Te¢iions given by the Charity Commission under section 14515Xb) of ihe Charties Aci- and To stale wheiher particular matters have come w my atteniion. Basis of independent examiner's report My examination was caryi¢d oul in accordance with lh¢ general direaions given by the Charity Commission. An examination includes a review of the accouniing records kepi by the charity and a comparison of the accounts presenied with those records. li also includes consideration of any unusual items or dis¢losure5 in Ihc JccounW and seeking explanaiion5 from you as tnJstee5 ¢onceming any such matiers. The PrO￿dur¢S undenaken do noi provide all ihe evidence thai would be required in an audiL and consequently no opinion 15 given ag io whdher the accounts present a"tTue and fair view" and the report is limiied ￿ ihose maii¢TS set ou¢ below. Independent examiner's st8temtnts In conne¢iion wilh my examination, no matter h8$ come io my attention: which gives me r¢asonable cause io believe Ihat in any material respect ihe requirements to k¢ep accounting records in accordance with section 130 ofihe Charitie5 A¢t'. and to prepare accounts whi¢h a¢¢ord with the a¢counthng records and comply with the have noi been met. or to which, in my opinion, att¢ntion should be drnwn in Order to enable a proper understanding of the ac¢ounts io be rea¢he&. Name.. M D Altman Relevant professional qualification or b(￿Y.. FCA 121 JEFFREY ALTMAN & COMPANY CharteTed AccounWIts Wayman House 141. Wickham Road, Shirley Croydon Surrey CRO 8TE Date.. 16th December. 2022 These unaudii¢d financial statements have been subjected to independent examination. RIIII)I A￿,￿ CLAI. THEATRE CONIPiiN)' LTD niip.INI- i.l.IllTF.D B). e.I', ATi.MENT OF FINANCIAL AcnvmESItNCLUDING r￿(0￿1￿ rlND FXPINDI'fuRi. ACCOLWn FOR ThE MA Fthjs Tr %iilir. RESOIIRC minbi and endoi¥mcnt% from.. 173.n3 10.094 14,W7 10.094 14.gJ7 ii¢•bleAt¥vlths wmr8¢rtrEtvJ fr Iimn¢d Reliet Co￿¢11G￿rA R¢c¢fftd I*KIGrnrtts 172J23 iO.W4 IT222J IOm4 l4.Sfj7 14.gJ7 154.16J 154.165 318J J.424 6.014 J2.lJ) 3.424 36J54 Fun& Dilrtt FuThls Fuhds Sup ABLEAcnvmES n Costs 85.Ir2 14.8J4 15.172 Ftts 2,937 9273 4.3JO 7,833 2.979 4.SY& 7.lJ5 35.ljo 2.4J6 5.932 ngiThJ Adverti*ini 2.456 S.932 477 477 2.767 2.767 387 3W 394 fe<5 1,3&) 14.750 14.750 58 51 123 47.477 220.946 237.056 9J16 Jl.163 RFiiI.41 ANDCLA YTIIF.,ITRFfoiip4¥1' i.TD OTE5 TO T14E VNAIIDII'L.DALLiXJN"I'% I."UR TFIE Equir￿￿. Isi A￿1. 2021 Addinons 614 014 BW*I 151 April. 1021 (fr￿e forth¢ )wr 543 $4J 501 £194 £sJ TheTruSlttS wcrc noipidthrr¢1M￿rScd f0rwAF¢n￿dwi￿I￿eP#tsI. The nUmtrfrofsthrrr¢¢tivthga ¥knryof0￿fj(0,(￿ Admin￿￿1￿￿ Lkbm Tw¢l¢n¥ndS￿i￿ s￿￿11￿ 5252 450 iJ.7u VAr A¢¢Mb LkfeThed Income 11.440 1.3 17.919 62J75 64219 8.551 346.141 354.692 237.056 6.551 { 4.1281 346.141 61256 354.6Y2 57,125 237.056 gJ86 5.458 61J56 06.714 58.163 kncm¢ ￿the)￿ar 9,516 dikwe in the 8.551 Twsr 1151Much. 2022 117.636 8.551 F.N IknKre rwj continwl lith"litKs 3151 2022. 14