2024-04-30-accounts

CHARITY REGISTRATION NUMBER.. 1191899 PHOSPHOROS THEATRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30APRIL 2024

PHOSPHOROS THEATRE FINANCIAL STATEMENTS CONTEKrs Page Reference and administrative detalls Trustees. annual report Independent Examinerf5 report to the tru5tee5 Statement ol financial actlvities 3-11 12 13 Balance sheet 14 Notes to the financlal statements 15- 20 Page I

PHOSPHOROS ThEATRE REFERENCE AND ADMINISTRATIVE DETAILS FOR THEYEAR ENDED 30 APRIL 2024 REGISTERED CHARITY NAME Ph05phoros Theatre CHARITY REGISTRATION NUMBER 1191899 REGISTERED OFFICE AND OPERATIONAL ADDRESS Church Farm Maln Street Knivelon Ashbourne Derbyshire DE6 IJH TRUSTEES The trustee5 who Served during the year and since the year end We￿ as follows= Aqeel Abdulla Jamie Bell Ruby Chorbajian Syed Haleem Najibi Nicholas Paladina David Ralf Despoina Tsiakalou Matthew Lyons Ichairl Melanie Delaroche Curtil Naomi Angell Kyley Winfield Mehrda(l Hourshad I￿51gned 19 May 20231 Iresigned 23 January 20241 lappointed 23 January 20241 lappointed 23 January 20241 lappointed 23 January 20241 (appointed 23 January 20241 lappDinted 13 August 20241 KEY PERSONNEL Kate Duffy-syedi ljoint Artistic Director) Dawn Harrison Iloint ArtlSti¢ Director) Juliet Styles (Joint Artistlc Dlrectorl OUR ADVISORS: INDEPENDENT EXAMINER Neil Adshead FCA 21 Halrfax Road Ainsdale Southport PR8 3JU Page 2

PHOSPHOROS THEATRE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30 APRIL 2024 The trnSte￿ present their report and the unaudited financial statements as a charltable Incorpor8ted organisation ICIOI for the year ended 30 April 2024. Reference and administrative informatlon set out on page 2 forms part of thls report. The finantial statements cornply with current statutory requirements, the charity's constitution and the Statement of Recommended Practice Accounting and ReportSng by Charitles: SORP applicable to charities preparlng their accounts in accordance with FRS 102. OBJEcfivES AND ACTIVITIES The charitls objectives, as set out in ils constitution, are for public benefit as follows- 11 to advance educatlon amongst refugees and those seeking asylum through the provision of training to advance them in life and assist them to adapt within a new communwty includin& but not èxtlu5ivÈly, in subjects related to theatre: 21 to advance in life and help young people in particular, but not exclusively. throu8h.. il The participation in youth theatre and other related recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; and ill Providing trainin& support and aclivitie5 that develop ihelr skllls, capacitles and capabilities to enable them to participate in society as mature and responsible individuals, and,. 31 to advance educatlon of the public in general about the issues relating to refugees and those seeking asylum in particular, but not exclusively, through socially en8a8ed theatre and other performances, workshops and other edueational activities. Vision Refugee storles ure olloround. Our vlsion is that these stories ore omplifiedond heard. We colloborote with people with lived experience-os 0rt1St5, audience5, activists, Purticiponts ondpurtners, ond invite the wlder publlc to Ilsten ond advocateAor chonge. Ourwork draws on a bold and informed arts practice rooted in care. We reject a 'top-down' approach, whereby refugees are cared for and non-refugees core, instead recognising and highliEhting the potential for radical care within and across refugee youth communwties. We apply this framework of care to explore and demonstrate the solidarity, friendshipi and allyship that enable5 our work to be holistic, responsible, and here for the long-term. We uphold ethical and artistic standards and work to meet high expectations of what our members can achieve as artists, advocates, leader5 and allies. Our work benefits from collaboration across digciplines and varied lived experiences. both professional and personal. drawing on practices developed in youth work, education, applied theatre and performance. As a result, our work is known to be surprisin& beautiful, rebelliou5, intimate, responsible, illuminatins. challenging and hopeful, both on and off the stage. Mission We will achieve this vision through our mlssk•n, which is to: Create performance that amplrfies refugees, voices on public platforms. Deliver ongoing theatre work with refugees and asylum seekers aged 15-25, with a particular focu5 on unaccompanied asylum-seeking children. Engage refugee, recently arrived and olher underseNed audiences as new audientes to our work. Page 3

PHOSPHOROS THEATRE TRUSTEES, ANNUAL REPORT (CONTINUED} FOR THE YEAR ENDED 30 APRIL 2024 Split acr05S two programme areas. all our work aims to fulfil the following core objectives: Collaborate with refugee artists, leaders, and youth workers to develop bold and informed arts practices rooted in care. Design refugee-led training for professionals working in the ￿fugee sector using experiential methods to bettei Unde￿land the refugee experience. Raise awareness of refugee issues on a wider societal level through advocacy and media work. Provide paid worl training and development opportunities for refugee artists and youth workers. Contribute best practice in the arts and refugee sectors. through designing and delivering refugee-led, informed, creative training. 11 Productions Our Productiorbs create theatre performances and other creative outputs that are shared both in physical venues and digitally with mainstream audiences. We aim to engage a hlgh proportion of refugee and asylum-seeking audiences. Productions are about the lived experience of our artors, who speak to th@ range of issues facing refugees in the UK. The shows are of a high siandard, contributing to the diversity and quality of culture in the UK, whllst raising awareness amongst the publlc. We partner with thèatres to negotiate space for rehearsal, and productions then tour the country with community engagement activities running alongside in the form of workshops in each location. 21 Community Engagement Our Community Engagement attivities include b￿h projects targeting specrfSc groups, and those that are open to all. Together these provide safe spaces for youn8 refltgees and asylum seekers to create, connert. and collaborate with their peers. Actlvities currently take place at the Southbank Centre. Our flagship project is Young Company, running Since 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT Under the charity's constitution, thè first trustees were appointed for varlous terms to avoid the risk of disruption from a wholesale change in the board. All subsequent and re-elected trustees will be appointed for a term of three years by a resolution passed at a properly convened meeting of the trustee5. New trustees are recruited though personal contarts and advertised on relevant web5ite5 and online fora. The trustees meet formally at least fourtimes a year. There will also be informal meetings of smaller groups of trustees and managers to discuss specrfic issues as the need arises. TRUSTEE INDu￿10N AND TRAINING All trustees are already familiar with the charlty's practical work. On conversion to a CIO all trustees were issued with the charity's constitution, together with the Charity Cownmission publication 'Guldance for Charlty Trustees.. RISK MANAGEMENT As we are ¢urrehtly largely project funded we will continue to operate dilieently within budget restrictions. Where appropriate, systems or procedure5 have ljeen established to mitigate the risks the Charity fates. Budgets are prepared for all projects, and are very closely monitored throughout the year by the kev managers and the trustees. This ensures that, in the event of any unexpetted th3nge5 to projerted income or spend, there is adequate time to make necessary adjustments without endanBerin8 the succe55 of prgjects. We continue to update our business plan as applicable. We have allowed for diversification of activities and fundin8 sources. Page 4

PHOSPHOROS THEATRE TRUSTEE5' ANNUAL REPORT {coTrifiNUED} FOR THE YEAR ENDED 30 APRIL2024 ACHIEVEMENTS AND PERFORMANCE l. General overview 2023-24 was an excitin8 year for Phosphoros Theatre a5 we produced our fifth show Tender,. which had more financial, creative logistitèl support than any of our previous productions. The scaling up of our pnxluction values and further professionalising of our team has had significant impact in the overall success of the projecl. The tour reached over 850 people, and we succeeded in maintaining our tarBet of 22% of tickets going to those with lived experiente of forced migration. We see thls as an Impressive achSevement, given thèt 0.54% of the UK'S population are refugees, and because many of our refugee audience members report they are first-tirne theatre goers. Alongside the production of Tenderf we spent tlme thls year (levelopSng Ideas for new publSc faclng work. Our Community Engagement projects engaged 410 people over the year, throu8h our Young Company, Phosphoros Sisters. Facilitation Training. one off workshops and Tender, workshops. We developed a new relationship with the Roundhouse in Camden who provided a home for the Young Company in their new building. The Young Company leadership team was joined by two facilitators who we have trained, who were previously members of the group. In regard to grant fundraising, this has beer> our most Successful year to date, having secured three multi-year grants. This allows us to more securely plan our future work, and increase staff capatity. We created two new junior roles. a Community Engagement As51Stant and Production and Marketing Assistant, which have been taken up by previous participants of Phosphoros Theatre's work. The threats to the safety and lives of refugees and asylum-seekers in the UK continue to increase, demonstrated by increased hostile environment policies, such as the Illegal Migration Act. This has created ongoing challenges to our work, and for those that work with us, and demonstrates the ongoin8 need for our projects as a way of challenging and rethinking dominant asylum narratives. The Impact of our activitie5 for the young peoplè we work with continues to be demonstrated in our evaluation. Additionalty our audience feedback demonstrate5 the inspiring and eye-opening potential of our public lacing work. 2. Public facin Tender work Following a Research and Development process, we received a grant from Arts Council England of £50,(X)D for the tour of our fifth show, fender. The show explore5 the complex and nuanced relatiorbship5 between money and forced migration. From the show des¢ription'. "lender. A wordfor young Soft. Notftjlly made Too young to leove ourfomilies But we did. A group of friends gather in class. Whispers spread that a student is missing. Messages are sent and stay unanswered. A birthday card arrives. In a dusty market. a eirl weighs her motherfs goldjewellery to sell. Tenderf draw5 on the personal narratives of its tompany of refugee actors. With no safety net, no right to work and debts to pay. what does it mean to build a future? When it's a choice between going Page 5

PHOSPHOROS THEATRE TRUSTEES, ANNUAL REPORT ICONTINUED) FOR THE YEAR ENDED 10 APRIL 2024 to college or earning money, what gives? How much human potential is compromised by Britain's ever-tightening hostile environment?" We partnered wilh Derby Theatre. HOME Imanchesterl and Rich Mix (Londonl, who provided see(1 funding and in-kind support for the production, as well as programming the show for the tour. The cast features five actors all of whom were previously members of our Young Company. It was also the first of our productions to have women in the cast. The show was wrltten by Dawn Harrlson, and directed by Pavlos Christodoulou (who was the associate director of our show Pizzo Shop Heroes). We worked with a designer, JSda Akll and lightlng deslgner Ki. Thls Is our first time collaborating with designers professionally, anl we successfully athieved our aim of elevating the production values of the show in this way. We also employed a Creative Access Worker in a distinct role for the first tirne, having previously incorporated a similar role into existing Staff responsibilities. This has been a great success so far and enables a higher level of focus on the wellbeing and care of the actors throughout the process. We have completed two shows at Derby Theatre. Wè have further performances scheduled in June 2024 at HOME (Manchester) and Rich Mix ILondon.I We have also delivered a 'Community Engagement on Tour pro8ramrne.' This con51Sted of deliverin8 workshops with refugee youth groups in our tour locations. We worked wtth Upbeat Communities and Derby College in Derby, Afrocats in Marichester and Da'aro Youth Project in London. The aim is for participants to join our artors on stage. Family Show Research and Development During August 2023 we ran a week ol Research and Development in collaboration with the Barbican Centre, who are keen to expand their family programming. As such we developed ideas for a new show for family audlences. Thls Ls an area that Phosphoros have been interested to explore for some time. At the end of the week we shared a short version of a play thal we hope to expand. The story follows a father, who is a refugee, and a son who is born in the UK. It explo￿5 themes of famiw connections across borders. how to Share your story with your children and keep your heritage alive. We used mlxed media including movement and puppetry to treate a dynamic, touching and funny piece. Whilst this piece was aimed at a different demographic to our usual shows, it retained the thematic focus on forced mi8ration, and the inclusion of personal narrative. We are keen to develop this into a full production. We are in conversation with the 8arbican about programming this in 2025 and are seeking wider collaborative partners. Reoching wider audiences In addition to our artistic work we continue to speak directly to the public through media work. We were featured in UNHCR'S °Great British Welcome" series. including a feature and video piece on our work. As well as a public hLlto exhibition by Tower Bridge in London. We were shortlisted for the Innovation in Politics Award in the Social Cohesion cate80ry. We attended the awards ceremony and roundtable discussion in Barcelona to share our work with invitees from across Europe. The cast of Tenderf were inteNiewed by a journalist from AFP Ne￿ agency. the stor was syndicated by news outlets from across thè world. Kate has shared academic research about ourwork In a number of conference papers and publications this year, including: Pa8e 6

PHOSPHOROS THEATRE TrUSTEEY ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED30APRIL2024 Sherringham, O. Taylor, H. Duffy-syedi, K.120241'Creative connections in pandemic times.. care, hope and new temporalities of resistance with refugees and people seeking ￿vIuM, in the journal of Ethnic and Migration Studies Iwritten with Olivia Sherringham and Helen Taylor) Wrltten wlth Ollvio and Helen from one of our purtner organlsutlons '5tories and Supper. Duffy-syedl, K. and Najibl, S.H.120231'Disruptive narratives.. Interconnected care and co-responsibility in theatre-making processes with TefuEee performers, Iwritten wtth Syed Haleem Najibil in Crisis for Whom? Critical global perspectives on childhood, care, and migration leds Rachel Rosen, Elaine Chase, Sarah Crafter, Valentina Glockner and Sayani Mitral UCL Press Written with trtjstee Syed Plus four papers: Theatre and Performance Research Association (Leedsl: Never at Sea Symposium IKings College London),. Theatre and Performance Research Association Postgraduate IGuildhalll,' Royal Central School of Speech and Drama seminar series. 3. Communi ement In total our artlvltles reached 410 people In 2023-24. Young Compony Our flagship youth project Phosphoros Young Company continues to be delivered year round, and in 2023-24 engaged 47 young people. Between May-july 2023 the group met weekly at Theatre Deli. They created a new piece of theatre exploring how discrimination affects them in their day to day lives. and how different forms of communication can indude and exclude people within communities. This was shared alongside Phosphoros Sisters in two performances at the Roundhouse studio for an invited audience including friends, colleagues, peers and family. In September 2023 we began a new partnership with the Roundhouse, in their new Roundhouse Works building. This has offered us a brand new space for the group. as well as giving young people access to their studio membership programme. We employed two facilitators (Abel Atsede and Sara Zeus) to join the delivery team. Both of whom have p￿VIouSlY been participants of the Yout)g Company and subsequently took part irt our training. n the Autumn term the group worked on building new skills intluding shadow puppetry, stop motion animation. movement and film editing. This culminated in the group creatin8 three short film5 which weie shared at the end of term. These were based on the themes of change. the seasons, creating a Sanctuary and new friendships. In the Sprin8 term we recruited a new facilitatorvarshini Pichemuthu whojoined the team. They have continued to build and develop thelr skills. New members have jolned following taster workshop delivery in local colleges and youth settin85. They are workin8 on a new performance looking at social media and Idislconnection that wlll be shared with an Invited audience. The 8roup have also engaged with several theatre trips including For Block 8c>ys That Hove Considered Suicide When the Hue Gets Too Heovy (Rytsn Calois Comeron); Lovefrom Carmen Ichickenshed),. The Toymokeffs Child Ichickenshedl,. Kin IGecko Theatrel,. Follow the Yellow 8rick Rotid (Lambeth College pantomime- supportlng two of our members): Bullring Techno Mukeout Jamz IRoyal Courtl,. Get Page 7

PHOSPHOROS THEATRE TRU5TEES' ANNUAL REPORT (CONTINUED} FOR THE YEAR ENDED 30 APRIL 2024 Hoppy (Told by an Idiot). Additionally, of course. the group have been to see our performance of Tender. Our evaluation shows thi5 Space 15 necessaryforyoun& refugees and asylum seekers tofind connection and confidence in London. We also continue to see how essential this group is for developing ongoing pathways for young people to develop their potential: from participant to leader. From Young Company member Ibrahim: Ifirst joined Phosphoros Young Compony when I was very new to the UK- I'd only been in London for couple of months. I'd never done ony octing before, rjnd English is myfourth languoge so I thought It would be very difficult. I wos nervous when I went to my first session, but now Ifeel like I'm with friends andfomily. I'm still with them ofter more thon two year5. The biggest thing I have goinedfrom Young Company Is confidence In myself. My English isn't perfect but now when I make o mistake I don't care bect7tJse I do it with confidence. I shore this odvice with new member5 to our group so theyfeel proud oAspeaklng different longuage5 too. As well as support with octing the teum huve helped me with other stuff, givin9 odvice obout my educotion and goals. I have joined Phosphoros, le(7der5hip troining too, and sotrn I will help the teom run workshopsfor refugee young people, so I will support others like me. I'm also one of the uctors in Tender,, and this will be myfir5t professional ucting experience. I'm G bit neNous but om excited to work with myfr￿ndS ond the teom! Phosphoros Sisters Phosphoros Sisters is our project for young women with lived experience of forced migration, aged 16.25. At the beginnin8 of 2023 the group gathered in London to begin research and development for their new piece. Themes emerged around our bodie5 and connection with nature. how our choices can change our lives lor not) and what it means for women to share their voices. These ideas were further developed durlng a residential in the countryside in Derbyshire during the Easter holidays. Following this in rehearsals in London, the group created their piece 'Luna'5 Phases,, influenced by their experiences of womanhood and societal pressure. From the Show copy- "Luna's Phases is the story of Luna, from a baby starin8 up at the moon, to a young woman lost under the sky. The choices She makes, and doesn't, and the choices that are made for her. Luna's Phases is the story of a woman losing her voice and searching for its power again." The piece was shared alongside the Young Company at the Roundhouse in June during Refugee Week. The group consisted of 6 members who tontributed to the creation of the piece. We hope to expand the 8roup in the following year to include new members. Audience feedback Irom the June 2023 sharings.. "Beautiful hearing young people's voice seeing theSr Smiles and witnessing their talent" "Heart warming You can feel the impact this company has on people~ "I had 50 much fun watchin8 your show. Everyone brought something unique to the performance. Thankyoul" Page 8

PHOSPHOROS THEATRE TRUSTEES. ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2024 Troining Our group facilitation training sessions continued monthly for youn8 people that are interested in delivering creative arts work. This year we have trained 3 new facililator5, whilst supporting the ongoing development of 3 trainees. The initial group sessions build foundational skills in leadership, focusing facilr(ation skills, group management and creative strategies for engaging young people. Follow up trainings are bespoke and planned around the individual need5 and goals for the trainees. This includes I:1 meetings where the trainees identify personal goals and receive support planning their next step5. This has rLYently involved 5UPPOrting trainees with their ambition5 to develop creative career5, and has irbcluded personalised support around applying to univer51ties and drama schools. Given the extremely low number of refugees who access higher education globally 16%), as well as the underrepresentation of refugeÈs in the arts. we are passionate about supporting pathways to higher education in the art5. The tralnSng group are currently working on the planning and delivery of a series of workshops for RefuEee Week 2024, with multiple workshops taking place across the UK. They have been essential in the plannSng for these workshops around the theme of 'Our Home,. and we will conduct a thorough evaluation process to tonsider their next steps. The trainee5 take part in internallond externall safeguardin8 trainin& as well as additional training where relevant for example, first aid, trauma informed approaches and mental health first aid. We continue to explore th@ possibility of providir)6 addwtional accredited training, which would involve support from an extemal partner. Collal)orations Our one-off/5hort term projects continue to be in demand, this year we have delivered workshops for British Red Cross, West London Kingsway College, Hammer5mith and Fulham College, Harrow ColleBe, Brent Youth Ambassadors and Bayiree Cent¥e amongst others. These have all been creative workshops, on the themes of wekome, compassion and justice. As well as adding bespoke elements according to the interests and aim5 of ihe groups. Two of our team also collaborated with Little Angel Theatre on a new touring show about welcome. Thls was created for children and families and toured London and Manchester for schools, refugee groups, hotels prisons. We achieved London Youth's Bronze Award, which is an accreditation demonstrating the quality of our work for young people. The process was an audit of all our services, policies and youth engagement, enacting a thorough review which ensures our govemance, processes and safeguarding are of the highest standard. Fundraising This has been our most successful year for fundraising to date. We have confirmed three multi-year grants which will cover our core costs until 2027, from National Lottery Reaching Communities. Paul Hamlyn Foundation and City Bridge Foundation. Additionally we received unrestricted grants from Backstage Trust and Postcode Lottery Trust. We also received funding from Arts Council England for thè tour of Tender Page 9

PHOSPHOROS THEATRE TRUSTEES. ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 30APRIL2024 Orgunisationol Infrastrurture Thanks to our successful fundraising this year we were able to increase staff capacity. with our Producer working full time and Head of Community Engagement working 3 days per week. We also created two new roles, Community Engagement Assistant and Production and Marketing Assistant. These roles were taken up by Abel Atsede and 15mael Mohammed, both of whom were previouslv participants of Young Company, and have since performed in two of our productions. These roles have been designed with trainin8 and 5UPPOrt embedded, for the staff members to increase their administrative and projert design and management skills. We hope to continue to build these roles over the coming year. Our trustee board also grew this year. We have been joined by four new trustees, including a Chair. They bring robust skills and experience to our boar(l in the fields of law, youth work. advocacy. participatory theatre, marketlng and communication5. FufuRE DEVELOPMEiirs Thanks to our succes5 With multi-year fundrèising we are lookin8 forward to the stability thi5 afford5 us over the next 3 years. This also allows us to grow, through creating a new managerial position, the senior team and board will explore the most strateglc area for this role to encompass. We are keen to expan(i and formalise our workshop programme, which will be made possible by a wider team of facilitatots that have taken part in our traSning. This year we have been approached by a number of organisations interested in developing bespoke projects. We hope to continue these relatlonshlps and be consi(lered for co-commissioned art15tic and education project5. In 2024-2025 we want to develop our famlly show Into a full-scale production. with shows programrned for Sprin8 2025, allowing us to reach a new audiente. Alortgside this, following evaluation of our remaining Tenderf show dates, we will seek further fundin6 for another tour. Potentially for Summer 2025. FINANCIAL REVIEW A surplus of £44,089 ar05e during the ye3r12023: Surplus £2,989). Unrestricted funds increased from £26,526 at 30 April 2023 to £80,305 at 30 April 2024. Restricted reseNes of £13,845 were unspent and carried forward12023: £23.5351- Total funds amounted to £94,15012023.. £50,061I. Princi al fundinLt sources well as drawing on grants received in the previous financial year, the charrty was very gTateful to receive continued support from the Paul Hamlyn Foundation and the Arts Council, together with grants from: The Portal Trust and The Arnold Clark Community Fund. Both regular and one-ofl donatians were also kindly given by individual donor5. All funds have been applied in support of the charity's key objectives and within the restrictions specified by donors, where applicable. Investment olic Most of the charity's funds are to be spent in the short term, 50 money is kept in a current account to enable immediate access. The trustees will consider alternative investments for fund5 should the need arise in the future. Page 10

PHOSPHOROS THEATRE TRUSTEES, ANNUAL REPORT ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2024 ReseNes and oin concern The trustees aim to maintain the charit￿$ free reserves at a level equivalent to at least three months. Tunning costs. Free reseNes at 30April 2024 exceeded that level in order to enable the tharity to sew- fund research and development work for new productions without the need *or external fundln8. The trustees do not considèr there to be any going concern issues at present. The board assesses the risks to which the charity is or miEht be exposed, in terms of both underlying operations and for each project, and tonsiders that adequate systems are in place to minimise and mitigate exposure to them. STATEMENT OF TRUSTEES, RESPONSIBILITIES The charlty trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom GeneTally Accepted Accounting Practice). The law applicable to charitie5 in EnEland and Wales requires the charity trustees to prepare financial statements for eath year whlch glve a true and fair view of the state of affairs of the CIO and of the incoming resources and application of resources, of the CIO for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the meth￿$ and principles in the applicable Charities SORP: • make judgements and estimates that are reasonable and prudent; State whether applicable accounting 5tandard5 have been followed, subject to any material departures that must be disclosed and explained in the financial statements; prepare the financial Statements on the going concern basis unless It is inappropriate to presume that the CIO will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and to enable them to ensure that the financial statements comply with the Charities Att 2011, the applicable Charities IAccounts and Reports) Regulatio￿, and the provisions of the trust deed. They are also responsible for safeguardingthe assets of the CIO and takin8 reasonable Steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the CIO and financial information included on the CIO'S website in accordance with le8islation in the United Kingdom governing the preparatlon and dissemination of financial statements. By order of the board of trustees Matthew Lyons Ichairl Dated: 22 October 2024 Page 11

PHOSPHOROS THEATRE

Independent examiner's report on the accounts

Report to the trustees of On accounts for the year ended Set out on pages Responsibilities and basis of report	Phosphoros Theatre
	30 April 2024	Charity no (if any)	1191899
	13 to 20
	I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 April 2023. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's I have completed my examination. I confirm that no material matters have come statement to my attention in connection with the examination which gives me cause to believe that in, any material respect:

• the accounting records were not kept in accordance with section 130 of the Charities Act; or

• the accounts did not accord with the accounting records; or

• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

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Signed: Date: 22 October 2024
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Name: Relevant professional qualification(s) or body (if any): Address:
	Neil Adshead
	FCA. Institute of Chartered Accountants in England and Wales
	21 Halifax Road
	Ainsdale
	Southport PR8 3JU

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PHOSPHOROS THEATRE STATEMENT OF FINANaAL AcnviTIES YEAR ENDED ao APRIL 2024 2024 2024 Unrestrlrted Reslrfcted fund5 funds 2024 2023 2D23 Totsl Unrestrirted Restricted funds funds funds 2023 Total funds Note Income from: Donations and legacies Charitable 3ctivities Other 29.539 125,999 155,538 3.797 18,579 97,500 101,297 18,579 3.765 38.744 3,765 125,999 164.743 Total Income 22,376 97,500 119,876 Expendltyre- Expenditure on charitable activities Total expendlture 115.714 120.654 115.714 120,654 6,638 6.638 110.249 116,887 110.249 116,887 Net income Ilexpenditurel for the year 33004 10,285 44.089 15,738 112.7491 2.989 Transfers between funds 19.975 119,9751 19,4051 9,405 Net movement In funds In the year Rètofitiliatlon of lunds.. Total funds brought forward 53.779 f9.6yJI 44.089 6,333 13,3441 2.989 26.526 23.535 50,061 20,193 26.879 47,072 Total funds ¢airled forward 80,305 13.845 94.150 26.526 23.535 50.061 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Pa8e 13

PHOSPHOROS THEATRE BALANCE SHEET AS AT 30 APRIL 2024 2024 Restrlrted Funds 2023 Unrestricted Fun(ts All Fund5 All funds Note Current Assets Debtors Cash at bank and in hand io 6,594 75,235 81,829 20,000 10,376 30.376 26.594 85,611 112,205 1,987 55,035 Total CUr￿nt A$5ets 57,022 Creditors.. amounts falling due wlthin one year li 11,524) 116,5311 118.0551 16,9611 Net current assets 80,305 13,845 94,150 50,061 Net assets 80.305 13.845 94,150 50,061 Funds ot the charitv: Unrestricted income funds Restricted income fund5 12 13 80,305 80,305 13,845 26,526 23.535 13,845 Total charlty funds 80.305 13,845 94,150 50,061 These financial statements were approved by the trustees and authorised for issue on 22 October 2024. and are signed on behalf of the board by.. 4*LI Matthew Lyons Ichairl Nick Paladina FCA ITTeasurerl Ttrie notes on pase5 15 to 20 form part of these accounts Page 14

PHOSPHOROS THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL2024 l. Accounting Policies General infomiation Phosphoros Theatre 15 a tharitable incorporated organisation registered with the Charity Commission in England & Wales. The registered office addre55 is Church Farm, Main Street, Kniveton, Ashbourne, Derbyshire DE6 UH. 1.1 A¢countin8 COb)vention These finantièl statements have been prepared In accordance with the charitrfs constitution, the Statement of Recommended Practice- Accounting and Reporting by Charities preparing their accounts in accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP FRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. The charity has taken advantage of the provisions in the SORP for charities applylng FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. Assets and liabilities are initially recognised at historical cost ortransattion value unless otherwlse stated in the relevant accounting pollcy or note. The financial statements are prepared in sterling, which is the functional currency of the tharitv. Monetary amounts in these financial statements are rounded tu the nearest £. 1.2 Going concern At thè time of approving the financial statements, the trustees have a reasonable expectation that the charity ha5 adequate resources to continue in operational exlstence for the foreseeable future. Thus the trustees continue to adopt the going concern bas15 of accounting in preparing the financial statements. At the date of approval of the accounts, the trustees are aware of the potential impact on the harity of covid-19. The trustees have artively taken and continue to take all reasonable step5 to mitigate any impact the virus may have on the charity. 1.3 Publlc benefit entity The charity meets the definition of a public benefit entity under FRS 102. 1.4 Fund accounting Unrestricted funds are funds that can be used in accordance with the objectives of the charity at the discretion of the trustees. Restrided funds are funds that can only be used for particular restricted purwses within the objertives of ihe charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. 1.5 Income Income is re¢oBnised when the charity is legalty entitled to it after any perfom)ance conditions have been met. the amounts can be measure(I reliably, and it is probable that income will be received. For donations to be recognised the charity will have been notified of the amounts. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is dèferrèd until those conditions are fully met or the fulfilment of Ihose condltions 15 Wlthin the control of the charity and it is probable that they will be fulfilled. Page 15

PHOSPHOROS THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Icontlnuedl Income from government and other grants, whether 'capital grants or revenue grants,, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measureil rellably and is not deferred. Where 8 grant is received for a 5pettPic purpose, it 15 included in ￿$trIcted income and any unexpended portion carried forward as a restricted fund. 1.6 Expenditure All expendTlure is accounted for on an accruals basi5 and has been classified under headings that aggregate all tosts related to ihe category. Expenditure is reco8ni5ed where there 15 a legal or constructive obligation to rnake payments to third parties, it is probable that the settlement will be required, and the amount of the obllgatlon can be measured reliably. All expenditure was incurred in carrying Out the charitable activity of the charity, intluding the costs of operating. The charity is not registered for VAT and therefore all expenditure is recorded inclusive of VAT. 1.7 Taxation The charity is exempt from corporation tax on its charitable actSvitles. The charity Is not registered for VAT. 2. Donations and le8acies Unrestricted funds 2024 Restrlcted lunds 2024 Total 2024 Total 2023 General Brants and donations Restricted grants 29,539 29.539 125,999 155.538 3,797 97.500 101,297 125,999 125,999 29,539 3. Income from Charitsble artivitie5 Unrestrlrted funds 2024 Restricted funds 2024 Total 2024 Total 2023 Performance intome Workshop fees Other charitable income 17,104 1,435 40 18,579 2,040 4. Other income Unrestrirted funds 2024 Restrirted funds 2024 Total 2024 Total 2023 Theatre Tax Relief 3,765 3,765 3,765 3,765 Pa8e 16

PHOSPHOROS THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 April 2024 Icontlnued} 5. Empenditure on charitable activities Unrestri¢ted funds 2024 Restricted funds 2024 Total 2024 Total 2023 Production costs 3￿06 3.806 284 850 4,940 111,608 111.608 4,106 115.414 115,414 4.390 850 120,654 113,191 113,191 2,896 800 116,887 Share of 5UPPOrt costs Inote 61 Share of governance costs Inoie 61 115.714 6. Support and Governance Costs Support Governance Costs costs Total Support Governance 2024 cosls costs Total Ba515 of 2023 allo￿tiOn Office costs Professional fees Insurance Independent examination fee 1,166 1,166 1,179 1,179 Direct 2,879 345 2,879 345 1,373 1,373 344 Direct 850 850 850 5.240 800 800 800 Direct 4,390 2,896 3,696 7. Trustees No trustee received remuneratlon for their services as a trustee during the year. Syed Najibi received fees amounting to £1,93512023.' £7,952) for work on projects and workshop5 during the year. He was also relmbursed for expenses of 3512023: £1,883) for travel arislng from projects and workshops. 8. Related party tran5action5 Kate Duffy-syedi (Joint Artistic Directorl {related to Syed Najibil received salary lincluding NICI and pension contributions amounting to £13.72812023- £6.9481 for administration and project work during the year. She was also relmbursed for expenses incurred while undertaking those duties amounting to £40212023.. £6231. There were no payments of fees or expenses outstsnding at the year end. Pa8e 17

PHOSPHOROS THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Icontlnuedl 9. Employees The number of employees of the Company during the year was 312023: 31. Staff costs during the year were as follows: 2024 2023 Salaries and wages Social security cost5 Pension contributions 54,876 4.4a7 1,131 44.238 3,686 1.031 48,955 No employee received more than £60,000 in salarie5 and benefits during the year. 10. Debtors UnrestrS¢ted Restrirted funds funds 2024 2024 Total 2023 2024 Accounts Receivable Accrued income Gift Aid receivable 1,500 4,768 326 6.594 1,500 24,768 326 26,594 1.595 57 335 1,987 20,000 20,000 11. Creditors: amounts falling due wlthln one year Unrestricted Restricted lunds funds 2024 2024 T￿al 2023 2024 Accruals PAYE & NIC Other creditors 1,524 14,981 1.247 303 16,531 16,505 1,247 303 18,0SS 6,401 276 284 6,961 1,524 12. Unrestricted funds These ale the unrestricted funds which are material to the charity's artivitie5, and are made up as follows: Balance at Imay 2023 Incoming resources Resources expended Transfers Balance at 30 April 2024 UnrestrKted Fund General Fund Designated Fund 26,526 38.744 14,9401 19,975 26,526 14.9401 19,975 80,305 Page 18

PHOSPHOROS THEATRE NOTES TO THE FINANCIAL STATEMEf+irs FOR THE YEAR ENDED 30 APRIL 2024 Icontinuedl Unrestrirted funds IcontSnuedl For the ear ended 30 A ril 2023: Balance at l May 2022 Incoming resources Resources expended Transfers Balance at 30 April 2023 Unrestricted Fund General Fund Designated Fund 19,693 500 20,193 21,376 1,000 15,1381 11,5001 16,6381 19,4051 26.526 19,4051 26.526 Unrestricted funds comprise income granted or donated to or earned by the charity to be used at the discretion of the trustees to fund any activity in furtherance of the charity's objectives. The Designated Fund comprised a donation from the Arnold Clark Community Fund in the current vear, and a donation 01 £500 from the leathersellers, Company Charitable Fund in the previous financial year which the trustees designated for support of the Young Company and Phosphoros Sisters project respertively. 13. Restricted funds The income funds of the charity include restricted funds consSstin8 of the followins unexpended balances of donations and grant5 held on trust for Specific purposes- Bal•nce at Imay 2023 Incoming resources Resources expended Transfers 8alan¢e at 30 Aprll 2024 Arts Councll I Artg Council 2 Arts Councll 3 Backstage Trust City BrldBe Foundation Groundwork The Ironmongers, Company Portal Trust 1,302 11,3021 12,4841 1,304 115,0001 2.514 45.000 Is,ooo 1301 140,3181 5,986 30,485 122,6431 7,842 300 13LK)} 4,720 17,213 23.535 12,5271 150,1961 (115,7141 12.193) 33,CH)O 125,999 17 13,845 119,975) Arts Council of En land & Wales l.. Grant given to support fSrst tour of Tender. Arts Council of En lar¢d & Wales 2.. Final tranche of grant given for tour of All the beds I I￿ve slept in. Arts Council of En land & Wale5 3-. Grant given to support second tour of Tender. Trust: Grant given to support core expenditure. acksta Page 19

PHOSPHOR05 THEATRE NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30 APRIL 2024 (continued) Restricted funds {continuedl Cit Brid e Foundation- Grants gSven to support core costs from 2024 to 2026. Groundwork London.. Grant given to support production of But Everything Hos Ending. The Ironmon er5, Com Grant given to support Sharma Projert. Portal Trust- Grant given to support the charity's strategic development and core costs. an For the ear ended 30 A ril 2023: Balance at l May 2022 Incoming resources Resources expended Transfers Balance at 30 April 2023 Arts Council I Arts Council 2 Awards for All Backstage Trust Groundwork The Ironmongers, Company The Leathersellers, Company London Community Response Fund Paul H3mlyn Foundation Portal Trust 9,996 1701 4,674 3,554 300 1,500 27,000 110,1941 135,2001 15,7181 13,4071 1,302 8,270 1,044 11471 300 7,800 13,0811 4,719 14971 497 260 12591 365 36,000 33,000 97,500 142,1161 110,0361 1110,2491 5.751 15,7511 9.405 17,213 23,535 26.879 Art5 Countil of En land & Wales I: Grant given to support produrtion of Tender. Arts Council of En land & Wales 2.. Grant given lin May 20221 to support second tour of All the beds I hove slept in. Award5 for All: Grant given to support the YounE Company work. Backsta e Trust: Grant given to support running of Phosphor05 Sister5. Groundwork London.. Grant 8iven to SUPPOrt production of But Everythin9 Has on Ending. The Ironmon ers, Com Grant given to support Sharma Project. onse Fund.. Grant given to 5UPPOrt work (Juring the Covid-19 pandemic. Paul Haml n Foundation: Grants given to support the charity's stralegic development and core costs. London Communit Re5 Portal Trust: Grant given to support the charity'5 Strategic development and core tosts. Page 20