DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B **REGISTERED COMPANY NUMBER: CEO19994 (England and Wales) REGISTERED CHARITY NUMBER: 1186940** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **FOR** ## **JERMYN STREET THEATRE** BAND Advisory Group Limited 111 Charterhouse Street London EC1M 6AW DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2022** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|9| |**Independent Examiner's Report**||10|| |**Statement of Financial Activities**||11|| |**Balance Sheet**|12|to|13| |**Cash Flow Statement**||14|| |**Notes to the Cash Flow Statement**||15|| |**Notes to the Financial Statements**|16|to|22| |**Detailed Statement of Financial Activities**|23|to|24| DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. 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 Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The objects of the charity are to produce and present high quality drama in an intimate location in the West End of London, including an investment in the writers and theatre-makers of the future alongside a celebration of theatrical heritage. Page 1 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **OBJECTIVES AND ACTIVITIES** ## **Significant activities** 2022 was an important year for Jermyn Street Theatre: we reopened to the public for a full calendar year for the first time since the outbreak of COVID in 2020. We built upon the work that was done during the lockdown to create exceptional theatre for audiences with world class artists as well as those at the beginnings of their career. The year began with a special commendation from the Critics' Circle Awards for "exceptional theatre-making during lockdown". We were honoured to win this commendation alongside the National Theatre and the Old Vic. As part of a return to full programming following COVID we produced eight new productions as well as a festival of new work from our Creative Associates, Footprints Festival, our Summer Visitors season, the world premiere of a new play dealing with the climate crisis, and a range of one night only performances. While we were now out of the lockdown phase which had significantly impacted operations for two years, COVID continued to impact our work with cast and creative team illness impacting rehearsal processes and performances. ## RETURN TO STAGE ## **13 January - 5 February 2022 Thrill Me: The Leopold & Loeb Story** Book, Music & Lyrics by Stephen Dolginoff Directed by Matthew Parker Set in 1920s Chicago, this chamber musical follows Richard Loeb and Nathan Leopold who are obsessed with crime. This production drew in a strong musical theatre audience as well and a younger and diverse audience. The production was critically acclaimed and won the Best Director (Musicals) Award at the Offies as well as a host of five star reviews and played to packed houses. 5 STARS - "A Total Joy from Start to Finish" LondonTheatre1 5 STARS - "As captivating a piece of theatre as you are likely to see this year" CloseUpCulture 5 STARS - "Beautiful, unsettling, dark and gripping" London Theatre Reviews 4 STARS - "A masterclass" The Stage 4 STARS - "Compelling" The Daily Mail 4 STARS - "Gripping" The Telegraph Winner: Best Director (musicals), Offies Nominated: Best Musical Production, Offies Nominated: Best Performance Ensemble, Offies Nominated: Best Set Design, Offies Nominated: Best Lighting Design, Offies Nominated: Best Sound Design, Offies ## **10 February - 12 March 2022** Rain and Zoe Save The World Written by Crystal Skillman Directed by Hersh Ellis Produced by Drew & Dane Productions February saw the premiere of Crystal Skillman's Rain and Zoe Save The World from Drew and Dane Productions. This world premiere brought innovative design to the theatre including projection design and a revolve. The play dealt with the climate crisis and our responses to it. 4 STARS - "Inspired Production Design" Paul in London 4 STARS - "Conveys a crucial message in a truly engaging and entertaining way" West End Best Friend "Impactful" The Stage "Visually Beautiful" Broadway World Page 2 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **OBJECTIVES AND ACTIVITIES** ## **17 March - 16 April 2022** The Marriage of Alice B. Toklas by Gertrude Stein Written and directed by Edward Einhorn The Marriage of Alice B. Toklas by Gertrude Stein had been planned for 2020 and the pre-production process was halted due to COVID. The project finally made it to the stage in March with a tremendous ensemble who earned an Offie nomination for the performance. Edward Einhorn's witty look at love drew in literary-loving audiences. Coming in the middle of a COVID wave, the production was disrupted due to the virus with actors stepping into the performance on book - demonstrating the ongoing challenges faced by the theatre sector. 4 STARS - "The company of four highly talented performers switch characters with ease" North West End 4 STARS - "A celebration of lifelong love" Sardines 4 STARS - "a hymn to solid love" TheatreCat Nominated: Best Performance Ensemble, Offies Nominated: Best Set Design, Offies ## **28 April - 28 May 2022** Orlando by Virginia Woolf Adapted by Sarah Ruhl Directed by Stella Powell-Jones Sarah Ruhl's adaptation of the Virginia Woolf translated the joy of the novel to the stage. This show was joyous and vibrant with trans and non-binary artists at the centre of the story. Taylor McClaine gave an incandescent central performance all the more remarkable for it being their debut professional appearance. The celebratory view of life clearly spoke to the audience hungry for joy after the last few years. The production attracted new audiences alongside traditional audiences drawn in by Woolf. 5 STARS - "Sarah Ruhl's reworking manages to hit just the right note" London Living Large 4 STARS - "This is an Orlando any Woolf would gobble up." My Theatre Mates 4 STARS - "Suitably epic" Reviews Hub Nominated: Best Production, Offies Nominated: Best Director (Plays), Offies Nominated: Best Newcomer, Offies Nominated: Best Costume Design, Offies ## **2 June - 2 July 2022** Cancelling Socrates Written by Howard Brenton Directed by Tom Littler Tom Littler and Howard Brenton's artistic collaboration has been such a rich creative seam in this theatre. Tom directed the premiere of The Blinding Light to inaugurate Jermyn Street Theatre as a producing house and subsequent collaborations included adaptations of Strindberg's, Miss Julie and Creditors. Cancelling Socrates was a massive success: a superb production captured the play's wit and the questions that spoke to the anxieties of the moment. The play spoke to the questions and anxieties of the moment, and smashed box office records. 4 STARS - "As his final word fades away, you want the whole thing to start again" The Times 4 STARS - "A smart, sparkily topical evening" The Financial Times 4 STARS - "A buzzy hive of intellectual activity, swarming with witty repartee" The Telegraph Page 3 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **OBJECTIVES AND ACTIVITIES** 4 STARS - "Knotty & cerebral" The Stage 4 STARS - "A masterclass in bringing classical tales to a modern audience" The Reviews Hub 4 STARS - "A dazzling performance" Reviewsgate ## **8 September - 8 October 2022** Love All Written by Dorothy L. Sayers Directed by Tom Littler Although Tom Littler didn't know he would be leaving Jermyn Street Theatre when he programmed Love All it proved a very apt swansong given Tom's love for the 1930s was such a hallmark of his time with us. Tom and a fantastic company gave this delightful comedy new life to the delight of critics and audiences alike. 4 STARS - "Period-perfect performances" Daily Mail 4 STARS - "Deceivingly traditional on the surface but deeply subversive at its core" Broadway World 4 STARS - "Fun and feisty" Spy in the Stalls 4 STARS - "The queen of crime, writes a delightful farce with a point as sharp as a stiletto" London Living Large ## **13 October - 12 November 2022** Something in the Air Written by Peter Gill Directed by Peter Gill & Alice Hamilton It was very special to premiere a new play by Peter Gill, a writer of such enormous influence and this play showed that he remains an important playwright for the 2020s. Something in the Air was a lyrical, transporting love letter to a London gone by. This production marked the first time Peter Gill co-directed his work and he and Alice forged a very special collaboration. "Poignant portrait of how brightly remembered lives can shine" Guardian "Witty, touching memories of youthful love" The Times "Gill is still going strong" The Telegraph ## **17 November - 17 December 2022** The Massive Tragedy of Madame Bovary! Written by John Nicholson Directed by Marieke Audsley We ended the year with a new production of John Nicholson's The Massive Tragedy of Madame Bovary!. Nicholson's work was well known by the theatre's audience and his comedic take on Flaubert's novel proved to be a perfect alternative Christmas offering. The ensemble under Marieke Audsley's direction delighted critics and audiences alike. 4 STARS - "A wonderful alternative Christmas show" The Stage 4 STARS - "A stunning triumph" Broadway World 4 STARS - "A perfect show to bring in the festive season" Reviews Hub 4 STARS - "All four of the cast are fantastic" Everything Theatre ## Creative Associates Programme (CAP) We expanded the scale of our Creative Associates Programme having seen the impact it can have on artists from underrepresented backgrounds within the industry. Page 4 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **OBJECTIVES AND ACTIVITIES** The Creative Associates Programme (CAP) provides 10 early career theatre freelancers with a year of paid professional development to develop their artistic voice and transform their industry know-how. The programme now consists of 5 pillars: - Learning: Creative Associates (CAs) attended masterclasses with industry leaders. - Development: CAs enjoyed paid R&D opportunities and public-sharings. - Mentoring: CAs received one on one mentoring from a "future them". - Assisting: CAs assisted established artists on JST productions throughout the year. - Platforming: Footprints Festival 2022 put the CAs work in the heart of the West End. Alumni of the Creative Associates Programme continued to play a part in life at Jermyn Street Theatre after the completion of the programme. - Elliot Pritchard Movement Directed and Associate Directed Stella Powell-Jones' production of Orlando. - Darren Sinnott was appointed as an Artistic Associate of Jermyn Street Theatre. - Terri Donovan and Amma-Afi Osei sit on the Jermyn Street Theatre Advisory Board. ## Woven Voices Prize We established the Woven Voices Prize for Playwriting with Woven Voices and founding partners Actors Touring Company, PROJEKT EUROPA, Migrants in Theatre, and Phosphorous Theatre. The Prize was open to migrant playwrights and sought to platform the voice of migrant artists within the London theatre landscape where they are unrepresented. Karina Weidman won the inaugural prize with her debut play The Anarchist. Carne Deputy Director Ebenezer Bamgboye directed the production during our Footprints Festival. It earned a rave review in The Guardian. As well as the winning play the judging panel, consisting of Maria Aberg (director and Artistic Director, PROJEKT EUROPA), Ebenezer Bamgboye (Carne Deputy Director, Jermyn Street Theatre), Jatinder Verma (director and writer, formerly of Tara Arts), Ameera Conrad (Associate Director, Actors Touring Company), Timberlake Wertenbaker (playwright), Arifa Akbar (lead theatre critic, The Guardian) selected Unburied by Jimin Suh as runner-up. We staged a reading of Unburied as well as shortlisted plays The Dead Box by DHW Mildon, Coconut Republic by Butshilo Nleya, and The Waiting Room by Akshay Sharan during Footprints Festival. ## Summer Visitors And Footprints Festival Summer at the theatre saw a season of Summer Visitors and our now annual Footprints Festival. This year's Summer Visitors consisted of: - Dazzling Divas by Issy Van Randwyck, directed by Edward Hall - Stefan and Friends by Stefan Bednarczyk - Cult Figure: Kenneth Williams by Colin Elmer, directed by Tim Astley. While Footprints Festival consisted of: - The Anarchist by Karina Wiedman, directed by Ebenezer Bamgboye - Duck by maatin, directed by Imy Wyatt Corner - Shake the City by Millie Gaston, directed by Amie Burns Walker - The Poison Belt by Arthur Conan Doyle, adapted by the company, directed by Becca Chader. ## Access Page 5 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **OBJECTIVES AND ACTIVITIES** We put a renewed focus on access at the theatre this year with a focus on captioned performances. During our lockdown work, an increased number of people were able access the work due to captioning on recorded performances. We wanted to bring this into the work programmed for live audiences and partnered with StageText to offer a captioned performance during each run at the theatre. This has allowed patrons to access performances they otherwise wouldn't be able to. ## **Volunteers** The organisation is enormously grateful to a team of volunteers, who work in the box office, front of house and the bar. Page 6 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **STRATEGIC REPORT** ## **Financial position** The new grant awarded by Backstage Trust of £100,000 annually for three years has given us the security to expand our operations by affording us surety of income for staff salaries. We have diversified our income streams and the return of audiences have left us with a healthy reserve. Our friends and supporters continue to play an invaluable role in supporting the work on our stages and have allowed us to raise the wages of company members and fees for creative team members which is vital to attracting talent and supporting our freelance artists. Funded by Philip Carne MBE and Christine Carne, The Carne Deputy Director position offers a theatre director with ambitions of becoming an Artistic Director the opportunity to immerse themselves in all aspects of running a theatre. They also have the opportunity to direct their own work. Anna Ryder succeeded Ebenezer Bamgboye in August 2022. 2022 saw significant organisation change with Artistic Director Tom Littler departing for The Orange Tree Theatre. The Trustees wish to recognise that such ambitious, exciting plans for the future life of Jermyn Street Theatre are made possible because of his vision and determination to establish Jermyn Street Theatre as a producing house. Stella Powell-Jones and David Doyle formed a new leadership team alongside Executive Director and co-Founder Penny Horner. Powell-Jones as Artistic Director and Doyle as Executive Producer. Both had previously made meaningful changes to the artistic and producing life of the building: Stella had been here as the inaugural Carne Deputy Director in 2017 and David had joined as Resident Producer in 2021. And when they worked together on Orlando the collaboration had proved particularly fruitful. The new tripod structure has already greatly increased the theatre's ability to deepen and broaden its collaborations with artists, audiences and partners alike. ## **Ongoing Risks** ## Ongoing Covid Disruption COVID continues to present a risk to the theatre industry at large and presents a risk to Jermyn Street Theatre due to show cancellations, impact on rehearsals, increased costs, and staff shortages. In 2022 there were a number of performances cancelled due to the impact of COVID and rehearsals on some productions were significantly curtailed. We have continued to adapt as needed to the challenges presented incorporating an increased contingency on seasons to deal with unforeseen impacts of COVID, as well as keeping our policies under continued review. ## Theatre Lease The lease of the theatre remains a long term risk to the organisation as it limits the opportunities to apply to certain Trusts and Foundations which the organisation can apply to and advanced programming. We remain in constant contact with the Crown Estate regarding it. The Crown Estate has generously given the theatre office space on a rent-free basis. ## Economic Climate The changing economic climate is a risk faced by the organisation for a number of reasons including a potential decline in box office revenues, a potential decline in private donations, and increased costs of production. The organisation is mitigating those risks through a diversification of income streams, maintaining an increased contingency on production budgets, and through collaboration with other organisations. The theatre is maintaining a strong reserve to deal with unexpected fiscal needs. Page 7 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **STRATEGIC REPORT** ## **Future plans** At the time of writing, we have enjoyed a critically and commercially successful season of work. Our future plans are now about increasing ambition and outcomes of the artistic work and the way in which work is made. This includes: - Raising production standards requires increasing production support and capacity. - Collaborations with our cultural neighbours means we can both take root in our neighbourhood and reach larger audiences. We have announced programming until the end of 2023 including - Infamous by April De Angelis, directed by Michael Oakley, 7 September - 7 October 2023. - Owners by Caryl Churchill, directed by Stella Powell-Jones, 12 October - 11 November 2023. - Odyssey: A Heroic Pantomine by John Savournin and David Eaton, directed by John Savournin, 23 November - 31 December 2023. 2024 marks our 30th anniversary and we will begin with our Footprints Festival championing new work in the heart of the West End. ## Access Following the successful introduction of captioned performances, we've begun expanding the accessible performances at the theatre. As well as continuing our captioned performances with StageText, we have also begun to offer audio description for performances to allow blind and visually impaired patrons greater access to our work. We have also partnered with Ticket Bank to provide free tickets to disadvantaged and marginalised members of society. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CEO19994 (England and Wales) ## **Registered Charity number** 1186940 ## **Registered office** 16B Jermyn Street Theatre London SW1Y 6ST ## **Trustees** Mr H Jameson Ms P Horner Mr C Parkinson Mr V Sivalingam Mr P S Wilson (resigned 31.12.22) Mr S Norris (appointed 1.8.23) Page 8 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **REPORT OF THE TRUSTEES For The Year Ended 31 December 2022** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** BAND Advisory Group Limited 111 Charterhouse Street London EC1M 6AW Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 25th September 2023 and signed on the board's behalf by: ................................................................. Ms P Horner - Trustee Page 9 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JERMYN STREET THEATRE** ## **Independent examiner's report to the trustees of Jermyn Street Theatre ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Bryony Balmforth BAND Advisory Group Limited 111 Charterhouse Street London EC1M 6AW Date: ............................................. Page 10 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2022** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
76,700
Other trading activities
3
557,475
Other income
4,000
**Total**
638,175
**EXPENDITURE ON**
Raising funds
4
4,961
**Charitable activities**
5
Production costs
651,914
Productions
2,536
Support Activities
16,295
Other
124,355
**Total**
800,061
**NET INCOME/(EXPENDITURE)**
(161,886)
**RECONCILIATION OF FUNDS**
Total funds brought forward
384,179
**TOTAL FUNDS CARRIED FORWARD**
222,293|Restricted
fund
£
128,500
-
-
128,500
-
39,550
-
-
-
39,550
88,950
67,231
156,181|2022
Total
funds
£
205,200
557,475
4,000
766,675
4,961
691,464
2,536
16,295
124,355
839,611
(72,936)
451,410
378,474|2021
Total
funds
£
313,948
360,967
60,888| |---|---|---|---| ||||735,803| ||||-
579,913
-
13,556
16,049| ||||609,518| ||||126,285
325,125| ||||451,410| The notes form part of these financial statements Page 11 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **BALANCE SHEET 31 December 2022** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
12,771
**CURRENT ASSETS**
Stocks
12
326
Debtors
13
73,807
Cash at bank and in hand
137,622
211,755
**CREDITORS**
Amounts falling due within one year
14
(2,233)
**NET CURRENT ASSETS**
209,522
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
222,293
**NET ASSETS**
222,293
**FUNDS**
15
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
156,181
156,181
-
156,181
156,181
156,181|2022
Total
funds
£
12,771
326
73,807
293,803
367,936
(2,233)
365,703
378,474
378,474
222,293
156,181
378,474|2021
Total
funds
£
19,157
326
95,197
363,901
459,424
(27,171)
432,253
451,410
451,410
384,179
67,231
451,410| |---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 25th September 2023 and were signed on its behalf by: The notes form part of these financial statements Page 12 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE BALANCE SHEET - continued 31 December 2022** ............................................. Ms P Horner - Trustee ............................................. Mr H Jameson - Trustee The notes form part of these financial statements Page 13 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **CASH FLOW STATEMENT For The Year Ended 31 December 2022** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash (used in)/provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Net cash provided by/(used in) investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|2022
£
(70,098)
(70,098)
-
-
(70,098)
363,901
293,803|2021
£
89,657
89,657
(25,542)
(25,542)
64,115
299,786
363,901| |---|---|---| The notes form part of these financial statements Page 14 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE CASH FLOW STATEMENT For The Year Ended 31 December 2022** ## **1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net (expenditure)/income for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Increase in stocks
Decrease/(increase) in debtors
Decrease in creditors
**Net cash (used in)/provided by operations**|2022
£
(72,936)
6,385
-
21,391
(24,938)
(70,098)|2021
£
126,285
6,385
(234)
(29,512)
(13,267)
89,657| |---|---|---| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1.1.22|Cash flow|At 31.12.22| |---|---|---|---| ||£|£|£| |**Net cash**|||| |Cash at bank and in hand|363,901|(70,098)|293,803| ||363,901|(70,098)|293,803| |**Total**|363,901|(70,098)|293,803| The notes form part of these financial statements Page 15 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 December 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Computer equipment - 25% on cost ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 16 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2022** |**2.**
**DONATIONS AND LEGACIES**
Gifts
Donations
Grants
Grants received, included in the above, are as follows:
Other grants
**3.**
**OTHER TRADING ACTIVITIES**
Other trading activities
Ticket sales
**4.**
**RAISING FUNDS**
**Other trading activities**
Purchases
**5.**
**CHARITABLE ACTIVITIES COSTS**
Production costs
Productions
Support Activities|Direct
Costs
£
668,706
2,536
15,993
687,235|2022
£
(1)
182,235
22,966
205,200
2022
£
22,966
2022
£
133,009
424,466
557,475
2022
£
4,961
Support
costs (see
note 6)
£
22,758
-
302
23,060|2021
£
-
278,795
35,153|2021
£
-
278,795
35,153|2021
£
-
278,795
35,153| |---|---|---|---|---|---| ||||313,948||| ||||2021
£
35,153
2021
£
74,614
286,353|2021
£
35,153|| ||||360,967||| ||||2021
£
-
Totals
£
691,464
2,536
16,295||2021
£
-| ||||710,295||| Page 17 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2022** ## **6. SUPPORT COSTS** |Production costs
Support Activities|Finance
£
22,758
302
23,060| |---|---| ## **7. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||2022|2021| |---|---|---| ||£|£| |Depreciation - owned assets|6,386|6,385| |Other operating leases|74,777|55,678| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **9. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|2022
£
100,901
4,939
2,141
107,981|2021
£
-
-
-| |---|---|---| |||-| The average monthly number of employees during the year was as follows: 2022 2021 No employees received emoluments in excess of £60,000. Page 18 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2022** |**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
231,448
Other trading activities
360,967
Other income
60,888
**Total**
653,303
**EXPENDITURE ON**
**Charitable activities**
Production costs
512,963
Support Activities
13,556
Other
16,049
**Total**
542,568
**NET INCOME**
110,735
**RECONCILIATION OF FUNDS**
Total funds brought forward
273,444
**TOTAL FUNDS CARRIED FORWARD**
384,179
**11.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2022 and
31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Restricted
Total
fund
funds
£
£
82,500
313,948
-
360,967
-
60,888
82,500
735,803
66,950
579,913
-
13,556
-
16,049
66,950
609,518
15,550
126,285
51,681
325,125
67,231
451,410
Computer
equipment
£
25,542
6,385
6,386
12,771
12,771
19,157| |---|---| Page 19 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2022** |**12.**
**STOCKS**
2022
£
Bar stock
326
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
£
Other debtors
327
Prepayments and accrued income
73,480
73,807
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
£
Trade creditors
1
Social security and other taxes
(1)
Other creditors
1,333
Pensins payable
369
Wages control
(9)
Soldo
(1,260)
Deferred income
-
Accrued expenses
1,800
2,233
**15.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
384,179
(161,886)
**Restricted funds**
Restricted
67,231
88,950
**TOTAL FUNDS**
451,410
(72,936)|2021
£
326
2021
£
327
94,870
95,197
2021
£
1
-
1,450
-
-
-
23,920
1,800
27,171
At
31.12.22
£
222,293
156,181
378,474| |---|---| Page 20 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2022** ## **15. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|638,175|(800,061)|(161,886)| |**Restricted funds**|||| |Restricted|128,500|(39,550)|88,950| |**TOTAL FUNDS**|766,675|(839,611)|(72,936)| |**Comparatives for movement in funds**|||| |||Net|| |||movement|At| ||At 1.1.21|in funds|31.12.21| ||£|£|£| |**Unrestricted funds**|||| |General fund|273,444|110,735|384,179| |**Restricted funds**|||| |Restricted|51,681|15,550|67,231| |**TOTAL FUNDS**|325,125|126,285|451,410| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|653,303|(542,568)|110,735| |**Restricted funds**|||| |Restricted|82,500|(66,950)|15,550| |**TOTAL FUNDS**|735,803|(609,518)|126,285| Page 21 continued... DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2022** ## **15. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Net
movement
At 1.1.21
in funds
£
£
273,444
(51,151)
51,681
104,500
325,125
53,349|At
31.12.22
£
222,293
156,181
378,474| |---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|1,291,478|(1,342,629)|(51,151)| |**Restricted funds**|||| |Restricted|211,000|(106,500)|104,500| |**TOTAL FUNDS**|1,502,478|(1,449,129)|53,349| ## **16. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2022. Page 22 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2022** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
Grants
**Other trading activities**
Other trading activities
Ticket sales
**Other income**
Business rates relief
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Purchases
**Charitable activities**
Rent rates & service charge
Insurance
Telephone
Postage and stationery
Advertising
Artists & producers
Technical & electrical
Piano hire & services
Theatre casual staff
Independent examiner
Maintenance & janitorial
Sundries
Computer expenses
Streaming
**Other**
Wages
Social security
Carried forward|2022
£
(1)
182,235
22,966
205,200
133,009
424,466
557,475
4,000
766,675
4,961
74,777
4,648
4,630
21,485
45,897
386,993
77,388
2,575
39,731
2,570
11,839
7,635
7,067
-
687,235
100,901
4,939
105,840|2021
£
-
278,795
35,153| |---|---|---| |||313,948
74,614
286,353| |||360,967
60,888| |||735,803
-
55,678
5,799
4,947
14,838
32,489
386,673
8,502
-
24,402
4,200
16,830
3,135
2,997
17,352| |||577,842
-
-
-| This page does not form part of the statutory financial statements Page 23 DocuSign Envelope ID: 82DF899E-5F4C-408A-A928-A8652C813E1B ## **JERMYN STREET THEATRE** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2022** ||2022|2021| |---|---|---| ||£|£| |**Other**||| |Brought forward|105,840|-| |Pensions|2,141|-| |Travel & subsistence|3,363|3,951| |Advisory board|-|3,200| |Staff entertaining|5,373|2,513| |Staff welfare|1,253|-| |Computer equipment|6,385|6,385| ||124,355|16,049| |**Support costs**||| |**Finance**||| |Bank charges|254|244| |Credit card interest & charges|22,539|15,383| |Soldo charges|267|-| ||23,060|15,627| |Total resources expended|839,611|609,518| |**Net (expenditure)/income**|(72,936)|126,285| This page does not form part of the statutory financial statements Page 24 INDEPENDENT EXAMINER'S REPORT TO THETRUSTEES OF JEWYN STREET THEATRE lthd6pendent èxamln¢rf6 r¢pDrttoth•truite8sofJornyn strevtThe•trO rI￿coMpanY) I fwrt 10 the tharity tN$lees OD my exaMInatiC￿ of the aD)yJnt6 of ihe Cornpany fDr the year 31 t*cemb&r 2022. Re8P0O51bilttl8$ •nd b8815 olroport As the charivs busiee¥ of tho Compsny land abo d￿e￿Or3 for ts WP)Sa8 01 wTrpany lawl you ard re5KN￿lL1g for the prew8Uon ol tho 8crJJunts In acryKdarKe with tho roquifAmBnts of ComFonlos P satthed mys91f Ih&l w)unts Ot the CornFony 8ro Th)t reqillrwl to b& audtsd under Part 16 of lh8 2006 Ad 8re for i￿&[￿r￿￿nI ex8nMn8bM. I rerth in tesFrft of my examin*v) of yow chartys aCC£w￿s 85 OLrt under Sthin 145 of the Gh8rtts85 ALI 2011 Ilh8 2011 Ad'l. In cafrying my examInatK￿ I h8ve folbwed th8 r*rectK)n¥ given by th8 Chèrity Commlsdon 14451 Ibl of the 2011 Ad. Indewdrt 8xamlDel$ 8tstem•nt nG8 your thatitr¢s gross inNm8 oxixded £250.000 w exJnin&r must be a mwnber of a I￿ted tpJdy. I can that I qualfvJ to undwtske the ex8nMn8tK)n trfause l am a ￿mber of ￿ ABSLthti￿ of C*Ért9r8d CertyW A￿nI￿nts, whKth ts ofthe listed ￿les. I have OYnF46W rny ex8minati(xi. I that Tr) mgtters h8ve come tc my attention in COnnedK￿ w*h 8xaminabon me to bdw.. 8ccwnting r8ci*ds were Th)t keFi in res￿ of the Company as required by 386 of the 2r the a(uunts do Tr)t acrnrdwth r8)Yd$,' or the 8txomts do not coM￿Y with amnting requirements of Se¢b"rm 396 of the 2C(6 otr Ihan any requirement t￿t the actswnts gNe a and fair view is not a matter ¢￿￿dered as partof an I￿Jepe￿IenteXam1)a1￿)n,. ¢x the attxyjnts have not Lwn p￿pared in acwdanoe the melhods and prinatA88 of the siatemert of R￿rnm8nded PrnL*ce for awnting aThJ repLxling by tharities lap￿1¢4b1e to tharitses preparirya their ar￿U￿ts in acc¥)￿anCe *ith th8 Financial Reporting Standard appliraue in the UK and R8pubF of Irel￿d IFRS 10211. I h2ve no and have rx)me ￿$$ no other malth in connection with Ihe examinalK)ft io %thlch attentiw should be drdwn in thi4 roport in cxder to enable A proper undeTStanding of the to be reath￿. 8ryffj Balmforfh BAND Adw5￿ Group Limit& 111 Ch8rtethouse Street London EC1M 6AW Dale..