EAST LONDON SHAKESPEARE FESTIVAL LTD REPORT AND FINANCIAL STATEMENTQ 28th February 2025 -QMPANY REQISTRATION NUMBER: 12409062 CHARITY REGISTRATIQII NLIMBER 1203349 Frank S Lachman 31 Falrview Ihav tagware Midaiesex HAS
East London Sliakèspeare Festival Lt&. Legal and Administrative Infr>rmatioTh 28th February 202 "WrnDany Registered Number 12459062 2egistered Charity Numb8T 1203349 ".egistergd Office Flat 4 dlebury Court s)dleburv Road London E4 6QE Directors and TNslees Elizabeth Mary Shaw Danielle Elise Ivloseley Anna Ruth Jordan -xaminer Frank S Lachrnan Chartered Ac¢ount8nt ?4 F8iNiew Wav Edgware iddlesex Paae I
East London Shakespeare Festival Ltd. Directors and Trustee5 Report I he trustees. who are also directors tor the purposes of the Companies Act, have pleasure in presenting their feport and the financial statements ol the tharity lor the year ending 28th February 2025. Directors Rèsponsibilities Company Law whKh 1$ a150 applicable to charitable companies in England and Wales requires the directors. who aTe 81s0 trust$ of the company, lo prepare financial staternent8 for each finaneia1 year which give 8 truè and fair view of the slhte of affairs of the compaNy and of the Tesults of the company for that period. In preparing those financial statements, the director8llrustee6 are rèqimred lo". select suilabla accounting poIleS and then apply them consistenu:. observe the methods and principlas in the Charities SORP make jLKlgements and esbmates that are reasonable and prudent state whether apleable UK accounting standards have been followed, subj'ect to any materi departufes disclosed and explained in the finan¢181 statements", prepar6 the financial 8tatèments on the going concern basis unless it is inaFpropri8te to Presume that the cornp8ny will continue in business. directorsltrusteeg are respc)n$ible for keeping proper accounting recDrds which d¢1086 with reasonabla accuraey at any time tho finanaal wsition tsf the company and to eriable them lo ensure that the Iinancial ' statements comply with the Companie5 Act 2006. They arè also responsible for saleguaiding Ihe assets of the comp8ny and hence for taking reasonable steps for the prevenb.on and dele¢tion of fraud and other irregulairties. Principal tIVIty and Charitabfo Objects To advance th8 arts in East London and surrounding greas and other areks the trusteÈs deem fil, in particular the dramatic and performing arts, by producing and stsging performances ol the works of William Shake¥peare. To adv&nce public education Ènd appredalion of the dramatic and performing arts, including stage perforrnance and production, by providing apprenticèship and training sehemes and workshops, and by providing opportunities for people of all ages lo participate in the production of amateur performances 2nd creative engagement aotivibas, including acb"ng, directing, music performan, movement perforrnan, craft-rn8king, and producing ol theatrical performances and 'back stage, elernents of stagecraft. Organlsation and Constitutlon Th6 c¥)mpany was incorptsrated on 12th Febuary 2020 and is governed by its Memorandum and ArdeS of A8soaats"on. Comp8ny Règistartion number 12459062 The company is limited by guarantee and has no share caFxlal. The guarantees of individual member8 ar8 limited lo £1. The ¢xJrnpany is a registered charity, number 1203349. The dir8Ctors of the ¢orllp8ny fomi ils Committeg of Management and Goveming Body 8nd are empowered to aet as necessary in order forthe company to fu1 its obJ"actives. Directors may be 8pptiinted by'the members of Ihg eompany or lellow direeiors at any ts"me. RegisteTed Offic$." Aat 4, Endlebury Court, Endlebury Road, London E4 6QE In February 2024 the comp8ny became a Registored Charity. Page 2
East London Shakespèare Festival Ltd. Key A¢tivltles: Performances and key communlty Engagement actlvltles.. In the year 2024-2025, ELSF successfully toured Much Ado About Nothing, presenting theatre lo audiences across 14 outdoor parks and community venues throughout East London. This initiative provided accessible arts experiences lo communib'es with limited exposure lo live theatre. Engagèment Programme & Edu¢ation Alongside the lour ELSF continued lo run an extensive u)mmunity engagement induded ¢xten5ive partnerships across East London, Mth oveT 150 local councils, schools. and cuf(ural gr9anisalions Invofved. Key methcs include of activities: 39 Performances- low eosl lickels, family dlscounts Including 5 pay-what-y¢)u can 15 venues inc. 4 new venues 305 young ¢hikJren p3c1pated in workshops, and 450 students attended school matinees. ExDanded from Waltham Forest. Redbri(Jge, Hackney to also includeNewham, Haringey & Bromley lo Houslow & Islinaton. 4500+ tickets sold Youn9 Company.. 22 Young Cofflpany members. 3x projects Sin January 2025 including abridged performance of Much Ado About Nothing, pre-show monologues performed before professional produclwjf) of As You Like It, duologue showcase_ Autumn term proje¢t underway. abridged performance of As You Like11. 510 x 3-11 year olds Iwk part in mask-making workshops 2 x Schoc>l matinees + pre-shtsw workshops, £3.50 per student 2 Community Casts in Newhatn, Wallhamstow 35 local people featured in 16 performances (free lo participate, expenses ¢overeal Apprentice Actor, paid role for aspiring 1 &24 year old- currently undergoing mentoring with ELSF for drama school audillons and successfully sered an agent and employment with ELSF Young Company & Act Out 40+ Volunteer Ushers Partnered with 150+ Commtjnily Pathers & Local Businesses 23 Professional paid roles Flnancial Revlew Overview". Flnanclal Overview For the year ending February 28 2025, the charity's financial perfomiance reflects strong engagement with the community and SUCssful delivery of ils artistic and educational iniliats'ves. Income.. The charity generated a total income of £83.540 an increase compared lo £69.844 last year. Expenditure.. Total expendtture for the year was £76,982 reflecting costs a5Ciated with the prOdun of performances. the running costs and set-up of The Young Company, workshops, and wmmunily engagement adivf(ies. Net Positlon.. The tharills nel assets for 2024-2025 were £26.319 Page 3
East London Shakespeare Festival Ltd. Our reserves are in line with our pdicy, ensuring financial stability for future projects and inits"ative$. I11ng, participatory & educational engagement activities for young people and local iesidents and the Shak5peare producknons. ELSPS funding sources include.. Ticket income from 'Much Ado about Nothing, and Young Company participatTon Arts Council England Projectfunding LBWF Ward funding John Armilage Trust Foundation funding In-kind support from key community partners, including free or reduce(l-cost rehearsal space, outrea¢h, and marketing 8UDPOrt Reserves Policy.. Our reserve balance remains strong al £26.319 supporting our ability to plan for future prOdUctn, rK)nlinue our ¢x)mmunity engagement programmes and outreach, and weather any unexpected challenges Future Funding Sources To ensuie long-term gromth and financlal stability, ELSF is ft)cusing on the following funding strategies.. Expansion of summer Annual Tour to Include additional venues in Leytonstone, Newham and The Old Royal Observatory.. ELSF plans to expand tt)e lour lo an additional new venues, focussing on areas with limited access lo theatre, increasikng both Income potential and audience reach to support our ongoing aotiviliw_ Grant Di¥ersificatlon: ELSF continues to 2cts.vely pursue a broader range of grants, spectfically those focused on arts education, y)Lrth development. and ¢omrnunily arts, from charitable trusts and foundations. Arts Council England Funding.. ELSF anti¢ipale further support from ACE strengthening Local Partnerships.. The charity is committed to devek)ping deeper partnerships Wth local councils and wmmunity organisalions lo sustain an(1 expand our activities. Rlsk Management Rl$ks'. Relevance of Shakespeare and Qualty of Productions.. While Shakespeare is widely studied. rt may be peTceived as ouldaled or inaccessible to some audiences. Community Engagement.. Enuaging diverse underrepresented communities and attra¢linu new participants lo the 2 Young Company could be a challenge Ensuring Quality and Inclusivity of New Youth and Education Aclwilies". It is important to ensure that the Young 3 Company and other educatsonal acliwties are welcoming, a¢cessible, and inclusive for new particiTranls Lcoislical and Environmental Risks.. Out(Ir performances and expansion into new venues present risks such as adverse weather, cast Tnorale, and perfom1an1 endurance. F1nancial A¢¢essibility." Maintaining affordable ts"ckellng and free participatory programmes while ensurirKJ the project remains financially viable. Mitigatlon Measurès: Relevance & Quality.. ELSF'S contemporary muS1i4Fsaplined performancES have gamered highly posth.ve feedback from audkences. reviewers. $chools and award nominations for ils professional. high*nergy produth"ons. including 'Romeo & Juliet, {OFFIE nominee) & the Young Company performances. Engagement Slralegies.. ELSF'S extensive outreach & co11aboralions, alongside inclusiwty training for staff, ensure that diverse oommunities and new Young Company parti¢ipanls are WelcMed & supported. New Y¢)uth & Education act1vilies.' ELSF priorilises incluslvily through a¢xessible workshops. outreaGh lo under- represented communities, and targeted marketing strategies. Logistica1 Planning.. lo manage expansion and logk8tiGg of, ELSF utilises experienced teams and flexible set deSnS. Financial Acssibl11ty'. ELSF continues to offer Pay What You Can performances. Iow-OOSt participation fees for the Young Company, free community acts"vrties, and ConSSion lickels for students. over 65's and low-income families. ELSF also bring culture lo communf(ies' dooTslep'. local venues, reducing travel costs. Page 4
ELSF experienced al running inclusive community proje¢ls- Communi as an pnor CC mernberslApp ActOTS having additK)nal need5 Ind.. dY5xia. aub"sm, ADHD, Tourette's. reVe[ing alcoholic ELSF chamyon & put adiustrnenls in pla for pregnant performers.. 3 pregnant wr)men in productions since launch in 2021 Inclusivity trairing for teams lo ensure safelwelcoming environment for audienceslcommunity parbcipants Collaboratlvo Engagement: ELSF engages in eonb"nuous feedback and collal)oralion wlh community partners. project participants, councils, cultural oiganisalions, schools and fLdIr$g bodies. This engagement ensures that programming is responsive to community needs and preferences. Future Plans, Community Benefits & Strategic Growth.. Expanded Tour Reach wth an emphasis on areas with limited a¢cEs5 10 live performance and under-represented comrnunilies ELSF increased its lour footprint In 2024 by bringing Muth Ado About Nothing to 15 venues. Induding parks and community spaces in other areas of London in¢luding Newham, Haringey, and Greenwhich ELSF expanded our Ac(ssible and Inclusive Community Engagement programme lo include additional Community Casts (Newhaml this expansion was supported by ACE, new areas included-. Newham, Bromley- enhancing accessibilty and broadening rts audTence reach. Extended Reach in 2025". By 2025, the tour is expected to grow to 18 outdoor venues, , focusing on underserved areas ilh limited acLess to live theatre Expanding ELSF'S successful Apprentice Scheme by se¢uring fvnding to add apprenticeships in stage management and technical roles, increasing skill-building opportunities for young participants in diverse areas of theatre production. Apply for funding lo additional Trust and foundations lo suppc#t cornmunity projects Legacy and Fegdba¢k Collection.. Posl-project revEws, community feedback (via Jottoms and consullali¢Jnsl, and ongoing dialogue wth partners will ensure that ELSF'S projects continuously evolve to alwJn with community needs, maximising long-term benefits and engagement statement of Responsibllitlès of Trustees The Iruslees are responsible for preparing the annual report and financial statements in accordance wlh the Cllarilies Act 2011. The trustees confirm that the Iinancial statements give a true and fair view ol the charity's activities and finan¢ial posrtion for the year. Directors and Trustees The directorsllruslees sel Dui below have held office during the whole year of this reiJ)rt unless otheNqse staled.. Elizabeth Mary Shaw Danielle Elise Moselev Anna Ruth Jordan Accountanis A resolution proposing the re-appointment of Frank S Lachman as IrKlependant ExamirEr will be submttkd atthe Annual General Meeting. Going Concem The dire¢trJrs confirm that: A going ci>ncern basis is appropriate for these accounts. The oompany has sufficAenl reserves to continue for at least 12 fnonlhs afler the date ol signing these accnunts. This repc)rt has been prepared in accordanee WEth the proviskons in Section 419121 of the CoMpanS Act 2006 applicable lo companies subj¢¢t to the small companies regime. Page 5
East London Shakespeare Festival Ltd. Inclusive Rehearsal. Classes Workshop Practices".
East London Shakespeare Festlval Ltd. Public Benefit The Tiustees confimi that in compiling this report they havo had duè regard to the guidance on publK benefit issued by the Charity Commission in compliance Vwith the dtrtv set out in sèction 4 of the Charbtses Act 200e Related Partits . t e charitv has relab"onships wilh other charrties on a project*y-proiect basis. 4oproval -his report was approved bythe tard of trusl8Ès on 24th November 2025 and sigrted ¢)n its behalf by.. Elizabeth Shaw. Chair of Trustees £ $44 Jaatr 6
East London Shakesneare Festival L ACCOUNTANTS REPOR-. Independent Examiner's ReDOrt on the A¢UL I report lo the chanty trustees on my examination of the accounts of the company for the year en 28th February 2025 which are sel out on pages 8 to 12 . Responsibilib"es and basis of rewrt As the charitls Iruslees of the company land also its dlrectors for the purposes of company lawl you are SDonsible for the preparation of the accounts in accordance wth the requirements of the Companies Act 2006 ('Ihe 2006 Act'i Hawng satisfled 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 examinalDn, I report in respect of my examination of your charills accounts as carried out under Sè¢tTr 145 of the Charities Act 2011 Ithe'2011 A¢t'l. In canyng out my examination I have followed the DirectDris given by the ChaTity Commission under se¢ts'on 145151{bl of the 201., Act Independent examlner's report I have mpleted my examinats'on. I confirm that no matters have come lo my attention in connection witt) the examination gfving me cause to belteve.. 111 accounting rerdS were not kept in respect of the LX)mpany as required by section 386 of tt)e 2006 A¢l', or 121 the accounts do not accord with those accounting records-, or 131 the accounts do not comply with the accounting requirements of section 396 of the %06 Act other than any requirement that the accounts give a 'lrue and fair. view which is not a matter consi(Sered as part of an independent exaMInatn,. or 141 the accounts have not been prepared in accordance w4th the methods and principles of the Slalement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no conMS and have corne across no other matters in GOnGI wqth the examination to which attentn should be drawn in this report in ordeT lo enable a proper understanding of the accounts to be reached. Frank S Lachman FCA Member Institute of Chartered Accountants in England and Wales Chartered Accoijntanl Independent Examiner 31 FaiNiew Way Eagwartr Middlesex HA8 Dated: 24th November 2025 P8ae 7
st London Shake$peare Festlval Ltd. Statement of Financial Activities For the Yèar Ended 28th February 2025. Unrestricted Funds Total Unreslrlcted Funds Fund8 2025 Total Funits 2024 Notes Incom& Charitable actiwties 83,540 69.844 69.844 Total incomo 83,54 83,540 69,844 69,844 ¢xpenditure haritable Activlty Costs 76,982 76.982 58,645 58,645 Total expenditure 76,982 76.982 58,645 58,645 Surplus for the year 6.558 6.558 .11,199 11.199 Funds brought forward 19,761 19,761 8,562 8,562 Funds ¢arrled forward 26,319 26,319 19,761 19,761 - statement of Financial Activities reflects the results of continuino act111e$ fof the year. There were no iecoJnlsed gains or losses other than the nel outgoing resources for the year. The net outgoing resources forthe year have been calculated on the historical (K)st basis. The notes on pages I'o to 12 fomi part of these acwunts. Paqe 8
East London Shakespeare Festival Ltd. Balance Sheet at 28th February 2025 Notes 2025 2024 Fixed assets 9,408 Current assets Cash at bank and in haThl 28,287 20,511 Total currènt a55ts 28,287 20,511 reditors falling due within one yoar 11,376 750 Net Current assets 18,911 19,761 Net assets 26.319 19,761 Thè Funds of the Charity Unrestricted Funds 26,31g 19,761 Total Charbty Funds 26,319 19,761 al For the ye81 ènded 28th February 2025 thè company was entled to exemption under sects.on 477121 of th8 Companies Act 2006. Ibl No membèrs have require(I thè company to obtain an audit ol 119 accounts for the year in quesiion In accordanee Vwith section 476 01 the Companiès Act 2006. lol The directors ad(rA)adge theTrr sponsIbIlItY for-. i. ansuring ihe company keeps accountlng records which comply with section 386.. and ii. preparing aocoullts whi¢h give a tru8 and fair view of the state of affairs of thè eompany as al the end of thè financifil y•ai and of itg profil 2nd loss for the f5nanci81 year in accordance with the section 393. and which othepNise comply wth th requir8ment$ of the Companies Act relating to accounts, so far 88 applicable to the company. Idl Thè accounts have beèn pPared in W>rdance with thè special provi5w)ns in Port 15 of the Companies Ad 2006 applirAb1e lo companies subj8¢t to the small companps regim8. and constrtute the annual aeeounts required by the Compan19s Act 2008 and are for urculalion to members of the . company Approved by the directors on 24th November 2025 , and signed on their behalf by Ellzabeth Shaw. Chair ol Trusteès The notès on p8g6s 10 to 12 form part of thése accounts. £ . SHIILL) P8oe 9
East London Shakespeare Festiv81 Ltd. Notes to the Finan¢4al Statements For the Year Ended 28th February 2025 1 Accounting Pollces lal Tte financial ststements hav$ baèn prepared in accordanc8 VAth Accounting 8nd Reporting by Charf(ies'. Statemerit of Recommended Practice applicable lo charities preparing their aooounts in accordance with the Financial Reporting stadard applicable in the UK and Republic of Ireland IFRS 1021 leffeclNe 1 January 20221- (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006. East London Shakespeare Festival Ltd. meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at hisloN¢al co$1 or transaction value un185S Othe*wise stated in the relevant accounting policy nolelsl. Ibl Incom• Income is recognised when the charity has entitlement to the funds. any performance conditions attached lo the it8m¥ of income have been met, it is probable that the income Mitll be received and the 8mount can be measured reliably. Incorrle frLlm grants, whether capital or revenue grants, is recognised wh&n the charity has entitlement to the funds, any performance condib.ons attached lo the grants has been met, rt 15 probable that Ihè Ineome wll be received and the arnount can ba measured reliably and is not deferred. {cl Expenditure l expenditure is accounted for on 8n &ceruals basis. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It is prObae that sethemenl wll b¢ rèquired and the amount of the obligation e£n be measured reliably. Costs are allocated to a category either because such Costs arg direcdy incurred in relation to such category, or becausè they arg support Costs in rasp6Ct ofwhich an apportionment has been made between thè categoriès. Support costs consist of inlrasttuctuie costs for salariès, premises, office administration. Such costs are apportioned on 8 r8asonable and consistent b8SlS to the various categories wth a view to determining, as accuratély as possible, th8 total res(xJrc8S 8XP@nded ft)r each category. The basis of apportionment used 15 either a fLEnction ol staff time applied to a given activity, or an estimate of the proportion of c0515 8$sockqtèd with the same, or a combination of both. Direct and Support costs are separately shown by natural classrficats.on in Note S to these accounts for each category . of ¢ost. {dl Taxation Thè company as a règisterèd charity I ntjmbèr 12033491 is exempl from taxation on most invèstment income insofar as It Is applied for charitable purposes The company 15 also exempt from taxation on ¢apit81 gains. lol Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are v81ued at the amount piepaid net of any trade discounts due. lfj Credit¢)rs and provislons Credltors and provisions are rècognised where the charity has a present obligation resulting trom a past event that will probably result in the IRnsfer of funds to a third paty and th8 amount due to settle the obligation can be [ne8sU or estimated reliably. Creditors and provisions are nomi8lly recognised at their settlen7ent amount after allowing for any tradè discounts dué. Page 10
East London Shakespeare Festival Ltd. Notes to the Financlal Statèments For the Year Ended 28th February 2025 2 Charitable activlty Unrestricted Funds Unrestricted Funds 2025 2024 Project Grants and donations Arts Council England Sundry 8,W20 10,000 8,920 10,000 18,920 10,408 18,920 10,408 Young Company fees Ticket sales, fees, commissiorTr5, coyoductions 1.572 54,212 83.540 54,212 83,540 67.208 67,208 68.272 69,844 Charitable Support ActiVFty Costs Costs Unrestrlcted Unrestrlcted Governance Costs 3 Charitable activity costs Total 2025 Cttarltable Activlty Costs Travel, hotels and PDS Young Company Directors fees Créativtt fo&s Merchandise and Production consurnables Venue fees and expenses Insurènee Mark8tlng and advertising 557 8.925 52,446 557 8.925 52.446 2.808 7.038 897 2,808 7,038 697 119 119 Support costs Examination fee Slatuloiy fee5 ChaT51ab18 donations SofteNrdre and web hosting Depreciation Administratitrn 750 34 488 750 34 488 470 2,352 298 470 2,352 13 285 Total 2025 73.345 3,637 76,982 Charitsble Activity Costs Unrnstrlcted Support Costs Unrestrleted Govemance Costs Total 2024 Charltabte A¢tlvlty Cost$ Travel, hotels and PDS Young Company Dirèctors fees Creative fees Mer¢handise and Production consumables Venue fees and expenses 3fj 1,200 47.367 36 1.200 47,367 3,260 3,260 5,742 5,742 Support costs Examination fee statutoiy fees Administration 750 13 750 13 277 277 Totsl 2024 763 Th8 company did not ernploy any staff during the yèar.12024 None} Page11
East London Shakespeare Fesllval Ltd. Notes to the Financial Statements For the Year Endèd 28th February 2025 4 Fixed Assets Motor Vehl¢la 2025 Additions in year 11,760 11,760 Cost 28th February 2025 11.760 11,760 Depreciation harge for the year 2,352 2,352 Depreciation 28th February 2025 2,3S2 2,352 As at 28th February 2025 9.408 9,408 5 Credltor$ due within one year 2025 2024 Deferrod ineome Other Creditors Accruals 8.866 1,780 750 11.376 750 750 6 Reconclllation of movement ol funds Fund5 at 1st March 2024 Funds at 28th February 2025 Income Expenses Unrestrictsd Funds Designated 19,761 83,540 176.9821 26,319 19.761 83.540 6,982 The above funds comprl$e'. Designated Fund: These are funds designated for future projects in the following year. 7 Analy$l$ of a$s•ts ovw fund$ Net Current Assets Total 2024 Fixed Assets Total 2025 Unrestricted Funds.. Designated 9.408 16,911 26,319 19.761 9,408 16,911 26,319 19.761 8 Trustees During thè year. none of the trustees received any remuneration from the cha¥ity and no expense5 were r&mbursed lo any of them. Page12 a SH4q