REGESTERED COMPANY NUMBF.R: C.F.026880 (England and Wale5) RECISI'ERED CIIARITY NUMBER: 1196101 Report of the Trustccs and UnaudÉted Fffinancial Statements for the Year Endeil 31 March 2024 for ArtÈst$ Theatre Sehool Foundation Haines Watts Military House 24 Castle Street Chester Cheshire CHI 2DS
ArtlSts The8tre School Foundation Content5 of the Financlal Statements ror the Year Ended 31 March 2024 Poge Report of the Trustees Independent Exalniner's Report Statement of FiTh#neial Aetivities Balance Sheet Note5 to the Fin#neial Statements 7 to 10 Detailed Statement of Finaneial Aetivities
Art15ts Theatre Sehool Foundation Report of the Trustee5 for the Year Ended 31 March 2024 The trustees who are a150 director5 of the charity for the purpose5 of the Companies Acl 2006, present their report with the financial statements of the charity for the year ended 31 March 2024, The trustee5 have adupted the provisions of Accounting and ReporEing by Charities.. Statement of Recommended Practice applicable to charities PTepaiÈng their accounts in ae¢ordance with the Financial Reporting Standard applicable in the UK and Republic of ITelaDd {FRS 102) (effective l January 20191, The Artists Theatre School Foundation (the "Foundation") was incorporated and approved by the Chariry Commission on I Ith October 2021. It was set up with six Trust¢es- Amanda Rednian, Damian Schnabel, Susanne Davenport, David Threlfall, Hilary Vyse and Mark Elli5. On 30th January 2023 the Trustecs appointed two new Trustees.. Julianne Whit¢ and Bernard Richmond. There remain these eight I'rustees at the end of the financial year. The Foundation continues to operate via its two, wholly owned subsidiaries.. the Artists Theatre School Ltd (the 'S¢hool"l and ATS Productions Ltd. I'ATS Pro"). Throughout the period, the Foundation has worked to raise donation5 and funding in order to support the work of the School and ATS Pro. Thc Foundation has Taised a toial of £8,196.10 mad¢ up of £1,530.70 in Donations and £6.665.40 from fund raising actlvifies. The Foundation lent £4,000.00 to the School in order to further its work in educating its pupils. Artists Theatre School Ltd. The Foundation supports the work of the School by making loans in order to cover administrative expenses and Cost overruns on the teaching and performing activities of the School. Due to the support of the Foundation, the School was able to ci)ntinue the teaching and creative development of 28 actors and put on a performance of "An Evcning with Noel Coward" (a collection of scenes froTll various works by Noel Cowardl in the SUrnTner of 2023. The School's showcase production scheduled for summer 2023 is 'A Question of Intent" a collaboration with the Middle Temple in London which fi2rthers the training of newly qualified baTTiSt¢rs alongside the School's pupils in a mock trial and 'reveal" ATS Productions I,td. The Foundation supports the work of ATS Pro by making loan5 in order to cover administrative expenses and eost overruns on the teaching and perfoTming activities of ATS Pro. ATS Pro is eurrently focussed on seeking new work for its next performance. which 15 targeted to be perftsrnied in 2025. OBJECTIVES AND ACTIVITIES Objeetives and 811ns The objectives of the Foundation are to advance education for the public benefit in theatre and performing arts, to adults who Could not otheTW15e access a drama school training, by providing workshops with industry professionals, PToviding students with a platfom] to showcas¢ theiT ski115, and providing students with the opportunity to progiess io a graduate sch¢me and to become professional actors. Significant activities The Foundation has continued to Taise funds from donors and by holding regular social events; typically around a pub quiz. The social events have proved to be a very popular way of rassing funds and building a supportor base it) the local community. The School has continued to educate actors in the theatre and performing arts. The year to September 2023 culminated in the showcase production as planned although audiences were down on previous years due to the tail end effects of the pandemic and the inability to secure the preferred time slots for the performances. The tea¢hing of the current cohort of students continues and they aTe in rehearsals for their summer performances. ATS Pro has not put on a production in the financial year to 31 st March 2024 bul has worked with the School's alumni to support the teaching of the School. It is hoped to have a Pro performance in 2025. Page I
Artists Theatre Sehool Foundation Report of the Trustees ror the Year Ended JI March 2024 OBJECTIVF.S AIYD ACTIVITIES Public beiiefit The Charity acknowledges its requirement to demonstrate that it has charitable aitns and purposes that are for the public benefjt. The Trustees believe that the work of the Foundation in promoting the advancement of the art of drama and encouraging a br08der public appreciation of such art ¢leaTly demonstrates that our charitable aims are indeed for the benefit of the public and that the trustees have complied with Section 4 of the Charities Act 2006. Further, the Review of ActÈvities demonstrates exactly how the trustees are con)plying with the Charity Commissioner5 guidance regarding public benefit. FINANCIAL REVIEW Reserve5 policy The Trustees have forecast the level of unTe5tri¢ted reserves needed to sustain the charity's operations over a period when its anticipated income generated from activities may be temporarily currailed. The trustees consider the most appropriate level of these reserves 8t 3 1st March 2024 would be £5.000. This represents sU1¢ient reserves to meet the annual costs of the Charity and would provide sufficient time to allow for an organised appToach to the ongoing business of the Society. At 3 1st March 2024 the Charity had cash of £10,710 and reserves of £27,671 STRUCTURE, C.OVERNANCE AND MANAGEMENT Governing doeument 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 ADM INISTRATIVE DETAILS Registered Company number CE026880 {England and Wales) Registered Charity number 196101 Registered offiee 3rd Floor West Ealing House 2 St Jaine's Avenue Ealing London W13 9DJ Trustee5 M L Ellis Ms A J Redman D Schnabel Miss S C Davenport D J Threlfall MSHA Vyse MrsJTBatt B G Richmond Company Seeretary Independent Examiner Haines Watts Military House 24 Casile Street Chester Cheshire CHI 2DS Page 2
Artist5 Theatre School FoundAtiDn Report of the'l'rusttes for the Ye41. Ended 31 MAreh 2024 Approved by order of the boaTd of trusi¢es on signed on its behalf by.. s A J Redman- Trustee Page 3
IDdependent Examiner's Reporl to the Trustees of Artists Theatre School Foundation Independent examiner's report to the trustees of Artist5 Theattt Sehool Foundation I'the CompJ)ny') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charitys trustees of the Company {and also its directors for the PUTpose5 of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 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 examii)ation, I report in respect of my examination of your ¢hariWs accounts as carried out under StIOn 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out Iny exatnination I have followed the Directions given by th¢ Charity Commission under Section 145(5) Ib) of the 201 l Act. Independent examiner'5 Statement I liave completed my examination. l ¢onfirm that no matters have ¢ome to my attention in connection with the examination giving me to believe.. accounting records were noi kept in Tespect of the Company as required by Section 386 of the 2006 Ad,. or Ihe accounts do not accord with those records; or 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 the a¢counts have not been prepared in accordance with the methods and principles of the Stat¢m¢nt of Recommended Practice for accounting and reporting by cliarities (applicable to chaTlties preparÈng their accounts in a¢¢ordance 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 Teport in OTder to enable a proper understanding of the accounts to be reached. Steven Mark Greensill FCA Haines Watts Military House 24 Castle Street Chester Cheshire CHI 2DS Date.. Page 4
Artists Theatre School Foundatio Statement of Financial Activitie5 for the Year Ended 31 March 2024 Period Year Ended 31.3.24 Unrestricted fi]nd to 31.3.23 Totsl funds Notes INCOMF. AND ENDOWMENTS FROM Donations and legacies 1,531 19,889 Other trading a¢tiYities 6,665 234 Total 8,196 20,123 EXPENDITURE ON Raising funds 291 357 NET INCOME 7.905 19,766 RECONCILIATION OF FUNDS Total funds brought forward 19,766 TOT AL FUNDS CARRIED FORWARD 27.671 19,766 The notes form part of these financial statements Page 5
Artist5 Theatre Sehool Foundation Balanee Sheet 31 March 2024 31.3.24 UTirestTiCted fund 31.3.23 Total funds Notes CURRENT ASSETS Debtors InvestTnents Cash at bank 15,170 2,031 10,710 11,170 2,031 6,805 27,911 20,006 CREDITORS Amounts falling du¢ within one year {2401 (240) NET CURRENT ASSETS 27.671 19,766 TOTAL ASSETS LESS CURRENT LIABILITIES 27,671 19,766 NET ASSETS 27,671 19,766 FUNDS Unre5tri¢ted funds 27,671 19.766 TOTAL FUNDS 27,671 19,766 The charitable company 15 entitled to exemption from audit under S¢ction 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not requireil the company to obtain an audit of its flnancial ststements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Att 2006. The trust¢es acknowledge iheir responsibilitie5 for la} ensuring that thc chaTltable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial Statements which give a true and fair view of the state of affairs of the thariiable company as at the end of each financial year &nd of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise tomply with the requircments of the Companies Act 2006 relating to financial stateTnents, so far as applicable to the charitable company. Ib) These financial siatements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regim¢. The financial statements were approved by the BoaTd of Trllstees and authorised for issue and were signed on its behalf by.. on A J Redman - Trustee The notes form part of these finatjcial statements PELge 6
Artists Theatre School Foundation Notes to the Fin8nci21 Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis nf preparing the financial $taternents The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in aceordance with the Charities SORP IFRS 1021 'A¢¢ounting and Reporting by Charities.. Statement of Recommendcd PTacti¢e applicable to chaTlties preparing their accounts in accordance with the Financial Reporting Standard applicable it] the UK and Republic of Ireland IFRS 102) (effective l January 20191,, Financial Reporting Standard 102 Th¢ Financial Reporiing Standard applicable in the UK and Republie of Ireland, and the Companies Act 2006. The financial statements have been prcpared under the lii5torical cost convention. Encorne 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 expenditUTe a5 soon as there is a legal or constructive obligation committing the chaTity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can b¢ measured reliably. Expenditure is accounted for on an accTuals basis and has been classified undcr headings that aggregate all cost related to the category. Where costs cannot be diTe¢tly attributed to particular headings they have been allocated to activities on a basis ¢onsisteni with the use of resources. Taxation The charity is exempt from corporation tax on its ¢haTltable activities. Fund aeeounting Unrestricted funds Can be used in a¢cordance with the charitable objectives at the discretion of the trustees. Restricted funds can only b¢ used for part icular restricted PUTP05es within the objects of the charity. Restrictions arise when specified by the donor or when fund5 aTe raised for particular restricted purposes. Further explanation of the nature and PUTpose of each fund is included in the notes to th¢ financial statements. OTHER TRADING ACTIVITIES Period 11.10.21 to 31.3.23 Year Ended 31.3.24 Fundraising events 6,665 234 Page 7 continued...
Artists Thegtre School Foundation NotLs to the Financial Statem¢nts- eontinued for the Year Ended 31 March 2024 RAISING FUNDS Raising don9tlOn5 and legacies Period 11.10.21 to 31.3.23 Year Ended 31.3.24 Sundries Support costs 90 267 357 Investment management eosts Period 11.10.21 to 31.3.23 Year Ended 31.3.24 Support costs 240 Aggregate amounts 291 357 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the peTiod ended 31 March 2023. Trustees, expenses TheTe were no trustees, expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd INCOME AND ENDOWMENTS FROM Donations and legacies 19,889 Other trading activities 234 Total 20,123 EXPENDITURE ON Raising ndS 357 NET INCOME 19,766 TOTAL FUNDS CARRIED FORWARD 19,766 Page 8 continued.
Art15ts Theatre Sehool Foundation Note5 to the Financial Slalement$ continued for the Y¢ar Ended 31 Mareh 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other debtors 15,170 11.170 CURRENT ASSET INVESTMENTS 31.3.24 31.3.23 Other 2,031 2,031 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Accrued expenses 240 240 MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted fund5 General fund 19,766 7,905 27,671 TOTAL FUNDS 19,766 7,905 27,671 Net movement in funds, included in the above are as follows.. IncOmng resources Resources expended Movement in funds Unrestricted funds GcneTal fund 8,196 {291) 7,905 TOTAL FUNDS 8,196 {291) 7,905 Comparatives for Enovement in funds Net movement in fi]nds At 31.3.23 Unrestrieted funds General nd 19,766 19,766 TOTAL FUNDS 19,766 19.766 Page 9 continued...
Artists Theatre Sehool Foundation Notes to the Financial Statements- continued for the Year Ended 31 March 2024 MOVEMENT JN FUIYDS- continued Comparative net moveTnent in funds, included in the above are as follows.. In¢oming resources Resources expended Movement n fi]nds Unre5trieted funds General fund 20,123 (357) 19.766 TOTAL FUNDS 20,123 {357) 19,766 10. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 10
Artist5 Theatre School Foundation Detailed Statement of Financial Activities for the Year Etkded 31 Mareh 2024 Period Year Ended 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations 8nd legacies Donations Gift aid 1,531 16.207 3,682 19,889 Other trading #etivities Fundraising events 6,665 234 Total ineoming r¢s(burces 8,196 20,123 EXPENDITURE Raising donations legacies Sundries 90 Support costs Finance Accountsncy Bank charges 240 240 27 291 267 Total resourees expended 291 357 Net income 7,905 19.766 This page doe5 not foTin part of the statutory financial statements Pagell