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
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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.
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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.
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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
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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:
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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
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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"
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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
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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.
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PHOSPHOROS THEATRE
TRUSTEES, ANNUAL REPORT ICONTINUEDI
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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
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## **Independent examiner's report on the accounts** 

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


**----- Start of picture text -----**<br>
Signed:                                  Date:     22 October 2024<br>**----- End of picture text -----**<br>


|**Name:**<br>**Relevant professional**<br>**qualification(s) or body (if**<br>**any):**<br>**Address:**||
|---|---|
||Neil Adshead|
|||
||**FCA. Institute of Chartered Accountants in England and Wales**|
|||
||21 Halifax Road|
||Ainsdale|
||Southport PR8 3JU|



Page 12 



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