REGisrr.RED COMPANY NU1f.R- CE026118O Ir.n&ilAnd #lid Wales) Rf.I:ISTf.iiTr-.I) CllARITY NIIMIII". 11.. I11)6101 R¢i)ort of the Truste¢5 and Unaudited FinanLi#l Stateinents for th¢ Year Ended 31 Marcli 2025 for Artists Th¢Atre School Fouiidatioii
Artists Thcatre Scliool Foundatio Contents of the Finanf ial SlatemL&nts for the Year Ended 31 M#reh 2025 P3ge Report of tht Trustees Statemcnt of Fin#nci#l Activities Balance Sheet Notes tts the Financial Statements tkt#iled Statemcnt of Financial Activities
Artists The%tre School Foundation Report of the Trust¢es for the Year fnded 31 M#rL'h 202$ The trustees who are also director% of the cliarity for Ihe pui'po8c5 ofthe Coiiipaiiics Act ?006. pre%eiit thcii. rLwri witli the financial stalemenls of the cliarity far the yeai. endLd .1 I ML2IElI 2025. The Ii'uslcc8 hHve adopted Ilic i)rovisioiis of Accounting and Kepoiling by Charities.. Slateiiieiit of RLLOllllI)Lnded I'i?clicc applicabll to cliai'itiL5 pieparing? thLir account5 in aCLordaiice will) Ihe F'iiiancial Rcportiiig st1)dal.d api?IicdblL In Ilie UK aiid RcpubliL ol- IIElatid {I.-IIS 1021 {effe¢tive l Jaiiuary 2019}. The Artists Theatre School Fouiidalion {the 'l.oundation") was iiicoipoi?l¢d aiid approved by tIiL Cliarily Coiiiiiii%%ioti on I I th October 2021. As at thc IdSt Ai)i)ual repoi1, it had cibilil Ti'uslees- Aiiidiida Rediiic1n. l)aiiiiaii SLIIi)<ibel. Susaiiiic l)avciiport, David Tl)reifall, Hilary Vysc, Mai'k Ellis, Juliaiiii¢ Ball aiid Bei'iilc I'd Ricliiiioiid. Oi) l D, OclolK'r 20?4 11)e Truslees appointed one new Trllslee.. Lawrence Scott Vy% Ellis. 'l-l)eie reiiiaiii these i)iiie 'l'rustccs at ihe eiid of Ilie financial year. The Foundation coiitiiiue5 to opei'ale via ils two, wholly owned subsidiai'ies.. Ilie Ai1isls 'fiicdtre SLhool 5.td Iilic 'S¢hool") and A TS Pi'oductions Ltd. I'A TS I'ro'}. Throiishout the period. the fouiidatiun has worked lo raisc donaiiuns aiid fiiiidiiibT In or(lei' lo suppuit tliL work of Ilic School ai)d ATS Pro. -I'he Foundgtion raised a tolal of £4,303.07 In)de lip ol. 10.30.07 ill Duncilioiis aiid £3.753.00 fiDIII fund raisin¥7 activities.. £236.1 was also claiined Vic1 (tift Aid fix)iiTr I IMRC. 'l-IIL l.oundatioii lei)1 £7.000.00 lo Ilie Scliool in order to further its work in educating it pupils. Artists Th¢atre S¢lJool Ltd. The Foundation sui?pnil8 tlie work of Ilie School by iiiakin& loaiig to coyer 8diMinisirative expeiises aiid Lost Ove[1115 011 the leaching and pcrforiiiiii&J activities of the Scliool. Due lo the support of the fouiidalitsn, the School was able to c(Iniinue Il)e teacliiiibT iiiid creative devclopimeiii of ovcr 2 clors and put oli a produclioii of"A Question of Iiitciit" collaboiilioii witli ihL Mi(IdlL .1 ciiiple ii) Londoii wliicli furthe15 tlie training of ncwly Liualified barristei's alniigTside Il)e Scl)0018 pupils ii) a Iiiock Ii'ial li)d 'revcal" The SLliool's slioivcase produ¢tlOll 5Lheduled for suiiiiiier 2025 is "D<irknel" a iiiadcrii pieLe exaiiiiiiinL tIIL poiei)lial rolL of social media and"BigJ Twh" in the near future. ATS Productions Ltd. The Found8tioii %upport5 Ihe work of ATS Pro by Indkin¥ loans in ordci. t(1 Lovei. adiniiiislizlive LxpeiTrsis and cosi overruns oli thc leacliin¥i ai)d pei'lonning activitics of A TS Pro. ATS Pro is currcntly focused on workii)g up a collection ol- Sli2 kespcarc SLLnLs to be prc%ented as (1 pronienddL ltir ils next perfonnaiicc. targeted for suiiiiner 2026. Tlic pi'odiiLtion ivill ulili%L Ilie School's aliiniiii a way of bLIILratiiib professional acting experiei)ce and exposure to a new audience. O&IECTIVES AND ACTIVITIES Obje¢thve5 and aiims The objectives of th¢ F'oundatioii are to advance educJtioii fur thL public bciicfil iii Iheaire aiid pcrforiMingF 11S, ti) adults wlio could not otheiwise access a draina school trcl11)in&. by i?I'ovidin&T ivorksliops willi iiidu511'y pi'ofe$8ioiidls. providiiig students with a platform lo sliowcase Ilicir ski115, an(1 pi'ovidiiigi studLiils will) tlie opi)()rtiiiiily lo pi'ogiiss ILI <l b)I'adiiat¢ heine and to becoine professional actors. SignKfieaMt activities 'I'he Founddlion has continued to raise ndS froin donors aiid by holdinbw reg?uliir social evenlg: typically aroiind a pul) quiz. The social events have proved to be a very popular way ol Misiiig fuiids and building a 8uppurter base in the local coiiiinunity. The School lias conlillued to educ<11e actors iii thc tliLatre aiid pLI'foi'iiiiiig) arts. l-lie yLcir In SLI?tLiiiber ?02.3 Liiliiii1il< ILd in tlie showease productioii as plaiiiied although audi¢iiccs WLIL down on pievioLIS yVdf5 due lo tlic Idil ¥i)d ellecis i)I' tliL pandeinic and ilie iiiability to seLllI't the prefei'red tiiiie slots lor Il)e i)ei'foriiiaiices. Tlie iLacliing of the Lurreiit colii)i'l ol. students continues and they are iji rcliears#ls lor iheir suiniiier perlonM<ll)ees. Page I
Artists Theatre Schoul Foundatio Report uf the Triistees for the Year Eiid¢d 31 Mai'ch 2025 OIIIECTIVES AND AcfiviTIES Public bcncfit benefii. The I'ruslees believe that the work of the Poundalion iii i)ruiiiuiinb ilie ddvaii¢ciiiLiii of the art of draini aiid encouraging a broader public appi'¢ciation ol. SkicII (111 Llec1rly clciiiuii%liules 11)al oui. ¢lijiril8blL aiiiis are iiidccd lur Il)e benefit of the piiblic and that tl)e Iruslees have coniplied willi Seclioi) 4 of IlTrc cl171.111¢S ALI 211DI?. l-.iii'iliL'I'. IIIL IILVILW of Actlvilies deiiionstiates exactly how tlie trustees c1re coiiiplyiiiL) witli Il)e Lliic I'lly Coiiiini%%ioi)ei'b bJLiidaiicc rLb7dr roliii¥ public benefit. FINANCIAL REVIEW Re5erve5 p1£Y 'I'he Triistees have forecagt the level of uiiirstrictcd rLserves Iieeded to siistaiii tl)e cl)<2rily's opci'atioiis ovei. a perind Appropriate level ofthese rescrvc5 at 31 sl Mk)rcl) 2024 Ivoiild l)c £.S,000. Tliis iipirsuiil% siifliLILIII iesLI'vL% to IllLel Il)e annual costs of the Cl)arily and would pi'ovide sufficiciit liille 10 allo1¥ for ali oi'gTaiiis¥d appi'oacli to IIiL oiibyoiiig busiii¥ss of the So¢icty. At 31 st Maich 2024 the Charity had casli o1.£8,031 dnd reserves nl'£31,993 STRucfuRE, C.OVERNANCE AND MANAGEMENT Governing doeun)cnt 'rhe charity is conli'olled by lis governing docuincnl, a deed of irust. arid ci)ii%tilutes a liinited coinpai)y, liiiiiled by Juaranite. as defined by the Coiiipaiiics Act 2006. REFERENCF. ANI) AI)MINISTRATIVE DETAILS Registered Cornpany number CEO?6880 (Englaiid aiid Wales) Registered Charity numbtr Register¢d olTice 39 Clarendon Road London W114JB Trust$ M l. Llli5 Ms A J Redinan D Schnabtl Miss S C Davei)port D J Threlfall MsHAVyse Mrs J T Batt B G Richinond LSV FIIis Approved by order of tlie board of trustees on...... . and sigyiiod oli its bLI)all-by'. Ms A J RedinaM- Ti'ustee PabFe 2
Artists Tht#trc School FouNdution Statcmcnt of Tr inllncial Actil'itie for the Year Ended 31 Morcli 2025 Yeai. F.'iided Yeai. Lndcd 31.3.25 NotCS INCOME AND ENDOWMENTS FROM t)onations and legacies 893 Othertrading activities 3,753 6,654 Total 4.646 8,196 EXPENDITURE ON Raising funds 325 291 NET INCOME 4,321 7,905 RECONCILIATION OF FVNDS 'rotal lld5 broubFhi fonvard 27,671 19.7( TOTAL FUNDS CARRIED FORWARD 31,993 27,671 The Iiotes forin part of these fiii<lllLial 51ai¢iiieiils Pag)e 3
ArtislsTheatre School Fouiidalknn Balunet Sheet 31 March 2025 31.3.25 31.3.24 Notes CURRENT ASSETS Debtors Investmei)ts Cash at bank 22.170 2.031 8.032 2,031 6.805 32,233 20,006 CREDITORS Amounis falling du¢ withiii one year {240) (2401 NET CURRENT ASSETS 19,766 TOTAL AETs LESS CURRENT LIABILITIES 31.993 19,766 NET ASSETS 31.9()3 19,760 FUNDS Unrestricted funds 31.993 19,766 TOTAL FUNDS 31,993 19,766 The charitable coinpany is entitled to exciMI)tioii fron) audit uiider Se¢tioii 477 of ihe Coini)anies Act ?006 for the yeai. ended 31 March 2025. The Inembers have not reqyiied Ilie Lompany to obtain ali aiidit of lis ti11lc iicigl 5taieii)ei)ts for thc year ended 31 Marcli 2024 in accordance with Section 476 of the Coinpanies Act 2006. The trustees acknowledge their rc%ponsibilitits for e115UTIIIL that the cl)arilable coinpaiiy k¢eps accuuiiliiig iecords Iliai coinply with S¢ctions 386 aiid 387 01. Il)e Coimpanies Act 2006 and preparing financial stateinciits whiclTr give a true and Idir VILW of Ilie stlc le of dlTaii-s 01-Il)e charitable Luii)Pdlly as at the ei)d of each financial year and of its surpliis or d¢fi¢il loi. e<iLh 1111cliicial yL2L I. 111 <lCCOI'daii¢c with thL requireiiients of Section% 394 and 395 and ivhicli othLI'WISL LOlI)i)ly i¥iil) tlIL rL(iuiI-eiiieiits of thL Coi)Ipa11ies Act 2006 relating to financial stat¢inents, so fai. as applicgblc to Il)e cliai'iiable Coiiipdny. These financial stateiiieiits hgve been prepaied in accordaiice wilh the provisions applicable lo charitable coiiipanies subject to the small coinpanies regiine. The fiiianci slalenienls were appi'oved by the Board of 'fn15teLS wid autlioi'isL'd lor aiid were siLJned 01) ils belialf by.. iSSilC A J Redii)an- I ru8lco Tlie i)ote5 foiii) part of tliese fiiiiii1Ll7] slalvineiils Pa&Je 4
Art15ts Theatre Scliool FoundatLUII Notes tts the Financihl StAtciiicnts for the Ve2r Endtd 31 March 202% ACCOUNTING POLICIES Basis of preparing the finaneial statements The financial slateiments of th¢ cliaritable LUlI)pany, iiliicli 1% a publiL benefit tyiitily iiiider FRS 102.11IlV¢ bLL'II prepar¢d iii accoi'daiice with the Cl)arities SORP IFRS 1021 'AceouiitiiiLi aiid Rtrpoi'liii¥ by Cliarilics.. SiaieiiiLnl of Recoininendcd Practice applicable tLI cliarities pi'cp%i-iii¥ Il)eir LLOUIII% 111 dLLurolaiicL willi Ilic Fii)dl)Lial Reporting Siaiidard applic1c ble in tlio IIK aiid RLpLiblic of IielLiiid IFRS 1021 (el'fectlVL l Jdl)Llcll'y 201I)I', Financial Reportiiig Staiidai'd 102 'The Finaiicial R¢i?oi'liiig St<iiid<11'd ppli¢ablc iii tlie UK aiid IlcpubliL ol. Iieland, and the C0211panie5 Act 2006. Tl)e financi?¢18talLIMLI)1s liave beeii picpdred iiiidei. tlie hi%torical Lost conventson. Income 15 probable Il)al the incoine will be Irceived aiid Il)e aiiioiiiil cali bc iiica%urLd reliably. Expcnditure L.iabilitic% arc rccoLTnised as expenditure as soon as tIiLie is a le¥yal or coiisti'uctive oblibT1c lioii co&iiinitliiib tl)e the aii)ounl of Ilie obligation cali b¢ nieasured reliably. ExpLiiditurc is accouiiiLd lor oli 811 basis <iiid lias beeii classified under l)eadii)gg that agg)ieg)l¢ tc all cust iil£iied to Ilie catLLT()iy. Wliere costs caiitioi bL diieLIIy atti'ibuted to partieular headings they have been alloL4)ied io activities oli a basis coi)sisi¢iit willi thv 115e of resources. Taxation The ¢harity is exeimpt froim corporation lax on its Chai'itable aclivilies. Fund accounting Unresii'icted fuiids can be uscd in accordanLe will) the cliai'itablc objectives ai ihe discr¢lioii uf the lyusie. R¢stricted fiinds eaR only be used for particular reslrictLd pui'poses witliin thL objLLlS ofilie charity. Re5triLIioi)s arise when specified by tlie doIioi' or whgn funds are I'aised foi. pdiliLulai' resti'iclud i)Lll'l)O%LS. Further explanation of the nature and purpos¢ of each fund is included iii Ilie notes lo ihe financial slalLI)iei)Is. OTHER TRADING ACTIVITIES Ycai. Ended 31.3.25 Year F.Iid 31.3.24 Fundraising events .753 £6.665 Pag7e S Ll)Illiiiued...
Artisls The¥ti'e Seliool Foundation Notes to the Finaneial St#t¢ments- cniitinued for the Year Ended 31 M#rch 2U25 RAISING FUNDS Raising donations and lega¢i¢5 ¥1. Elided 31.3.25 YLar EiidLxI 31.3.24 Sundries Support costs 72 72 Investment management costs Yeai. F.i)d¢d 31.3.25 Year EiidL 31.3.24 Support costs 253 240 Aggregate ainounts 291 TRUSTEES, REMUNERATION AND BENEFITS TheT¢ were no trllstees, ien)uneralion or otlier beiiefits lor the yeai. elided 31 Mai'ch 2024 1)oi' for tlif PLI'iod ended 31 March 2023. Trustees, expenses Their were iio trustees, expenses paid for the year ended J l M<lrcli 2025 nor for t1 pei'iod ended 31 March 2025. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES Uniis11'iLied fund INCOME AND F.NI)OWMENTS FROM Doiiations ai)d leLiacies Other trading activities 234 Total 28.319 EXPENDITURF. ON Raiging funds 648 NET INCOME 27.671 TOTAL FUNDS CARRIED FORWARD 27,671 PabFe 6
Art15ts Thc#lre School Found¥tion Notes lo tht Financial St#t¢inents- evnlinued for the Year Ended 31 March 2025 DEBTORS: AMOUNTS FALLING DUF. WITHIN ONE YEAK 31.3.25 31.3.24 Otherdcbto 1.5,170 CURRENT ASSET INVESTMENTS 31.3.25 31.3.24 Other 2,031 2,031 CRV,DITOiLS: AMOUNTS FALLING DUE WITHIN ONE YF,AR 31.3.25 31.3.24 Accrued eXnSeS 240 240 MOVEMENT IN FUNDS Net At 31.3.25 Al 1.4.24 Unre5trictod funds General fund 4.321 31.992 TOTAL FUNDS 27.671 4.321 31.992 Net Inovenient in fui)ds, included in ihe above are as followg.. RLsourtts expeiidcd Moveimeni in funds Irsoiiites Unrestricted funds General fvnd 4.646 13251 4,321 TOTAL FUNDS 4,646 (325) 4.321 Comparatives for movemcnt in funds Nel At 31.3.24 in funds Unrestricted funds General fund 27.()71 97.671 TOTAL FUNDS 27,671 27,671 Pa&¥e 7 coiitiiiued...
Artists Theatr¢ Schoul Fuundation Notes to the financial St#leii)tnts- ¢ontinucd for the Year b.iided 31 March 2025 MOVEMENT IN FUNDS- eontiNu¢d Coinparative net Inoveimciit in funds. included iii tlie above are a5 lollows.. Incoiiiing iysoiiires Kesoiirces LxpLiided Moveinent UNrtstrieted funds General fund 28,319 16481 27,671 TOTAL FUNDS 28,-319 (648) 27,671 10. RELATED PARTY DISCLOSURES There were no related party traiisaLrfions for the yeai. eiidcd 31 MdTLlI 2025. PaLJc 8
Artists Thtatre Scli()ol Fuundgtion Detailed Stattnient of FhnAILLial A¢tivilies for the Year EiidL.d 31 March 2025 Yeai. F.iided 31.3.25 Year Ended 31.3.24 INCOME AND ENDOWMENTS Donations and Icgacies Donaiions Giftaid 630 263 893 Othcr trading activitits Fundraising events 3,753 6,665 Total incoming resources 4,646 8,1(}6 EXPENDITURE Raising donations and legacies Sundries Support costs Finance AcLountaiicy Bank ¢haT&TL 240 325 291 'rotal restsurteg expendeil 325 291 Net ineome 4.321 7.905 This page does not l(InM pai1 of Ilie Slalulvry fiiiaiicial Stlte1)le1]IS