THE THEATRICAL GUILD (A COMPANY LIMITED BY GUARANTEE) BOARD OF TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 the theatrical guild THE CHARITY SUPPORTING BACKSTAGE AND FRONT OF HOUSE STAFF COMPANY NUMBER: 00557828 CHARITY MUMBER.. 206669
THE THEATRICAL GUILD (LIMrrED BY GUARANTEEI CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Board of TTUStees' Report (Including Statèment of Responsibiliti) 1-6 Ind&pendont Exarnrnerfs Report Statement of Financial ActItreS Balance Sheet NotèÈ to the Accounts 10-14
THE THEATRICAL GUILD (LIMrrED BY GUARANTEE) BOARD OF TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Board of Trustees (who are afso Direct5 of the Charity for the purpos8s of th8 Companies Act) present their report and the finanraal statements for The Theatrical Guild (the Cornpany) for the year ended 31 December 2023 which are also prepared to meet the requirements fora Directors. report and accounts for Companies Act purpose5. The accounts comply wilh the Charities Act 2011. the Cofftpantes Act 2006, the Memorandum and Artides of Association, and AcLounting and RepLYts"ng by Charities.. Stalernent of Recommended Practice applicable to charrties preparing Iheir 2¢counts in accordance with the Financial ReportFng Standard applicable in the UK and Republic of Ireland (FRS102) (published in October 2019). OUR PURPOSES AND ACTMTIES The Thealrical (Ladies) Guikl wa5 established in 1891 by the actress C_L (Kittiel Carson lo 'give relief or assistance lo memb8rs ot the theatrtcal profession in financial distress,. The purpose of The Theatrical Guild for the public benefit, is to be avai18ble to help anybody in need, who has worked in a Backstsge or Front of House professional theatre role for a period of more than 3 years. The charis principal activty conttnues to be lo seek funds in order to provide financial supp)rt for the beneficiaries of the Charity. In shaping our objectives forthe year and planning our activities, the Board of Trusle8s have considered the Charity Commission's guidance on public benefit, including the guidanc&'Publlc Benefft-. Running A Chartty (P821'. The Board of Trustees traditionally meet in person on a monthly basis (with th& exception of August) and grants lo indivtduals are delennined in these meets'ngs. In special cirCumstanS decisions on grant making may be made both via email ar during meetin9s. The main uiterion for assessment is that of rinancial and emob.onal need. When making decisions on applications, eartt case is judged on its own merils but relevant experien in the profession is requir. The Theatrical Guik* aims to help to solve the immediale problem and empower individuals to find longer tervn solub'ons. Grants are given on a regular basis including emergency support aThl 'one off, requosts. Grants to charitable institukn'on5, such as care homes. are IneasinglY rare t)ut ar& also detemiined by the Board of Trustees. The assessment crtteria being the supts these inslitutions provida for The TheatriGal Guild's beneficlaries and the finan(ial requlrement of those institutions tr) continue to provide andlor improve that supptsrt. ACHIEVEMENTS AND PERFORMANCE (Including Financial Review & ReseN8s Policy) The Investmenl Poficy, as set down by tha Board of Trustee3. is to generate a high level of incoma to enable The Theatrical Guild to continue to support its beneficiaries arKI lo protect and grow Ihe capital over the long tern. At the 31 st Dember 2023 The Theatrical Guild investment portfolio was valued at £2,541.044 havlng appreci81ed +5.1 Yo in total return lerms over the year. The year as a whole was a combinats.on of the difficult 2022 where irbflation rose faster thaFT expected, but by the last quarter of 2023 markets began lo look forward kn interest rate cuts Ki early 2024. Markets and the portfolio recovered well over thÈ last quarter of 2023 and by the year end the por had appreciated by ¥5. 1 % in total relum terms. At the 31 st December2023 the portfolio had generated a total retum of +77.2% over the past 10 'A years, and with a 10 year annuali5ed rate of +4.9¥0 per annum (net of fees), both of which are ahead of the benchmark. Our investment managets are Optimistic about the outlook for markets and the portfolio over 2024.
THE THEATRICAL GUILD (UMrrED BY GUARANTEE) BOARD OF TRUSTEES. REPORT{CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The Board of Trustees actively encouwe donations through fundraising and legacies, all of which offer a valuable source of financial help and an effective way of ensuring the continuation of the Charitys work. Finanaal bequests, royalties or theatrical memorabilia are vielcomed as ways of helplng ihe Theatrical Guild raise additional funding lo support our Beneficiary Grant Programm&. The Theatrical Guild supported 8 lotal of 222 Beneficiaries in 2023. These iluded lorrfJ-lerm grants. sh¢)rt-term grants. one-off grants. access to counselling, rni&c8reer training bursaries. welfare advicÈ and signposting. The majority ofsupport was for emergency need (rent, bills, household goods, medical costs. counsejfing) due to ongoing issues with work stability following th8 Covid Pandemic, rDmpounded by the Cost of Living Crisis. Ex8mples ofThG's Beneficiary Grants in 2023 are: A Theatre Te¢hnician from LFverpool was awarded a 9 monih Cosl4)f-Living Crisis Grant. specifically to addres5 his acut8 food poverty. An established and highly skilled Sceni¢ Designer. from Essex. was awar(Fed an Emergency Accommodation Grant. following a relationship breakdown. enabling her to stay in work. A Theatre Sound Enyineer froln Ldon was given a 6 month Cost-ot-Living Crisis Grant, to support him through his medcal treatment, follow9 a diagnosis of HIV. A Stage Managèr from Straiford up Avon was given a Ctxnpassionate Grant to help with the costs of her Fatherfs Funeral. A Stage Door Keeper from London was aWd a Counselling Grant. to support her with WOrkFla bullying issues. The total cost of our Benefioary Grant Programme in 2023 (including any forwwd commitments) was comparable to the provious year. am(NJnting to £48.512 (2022.. £51.968). The Theatric81 Guikl had £2.562,860 of unrestrtted reserves to 31 December 2Y23 (27Z2". f1s,1 The funds are Invested to provide the income for The Theatrical Guild to meet the future needs of their benefiaaries. the cost ofwhich the B08rd of Trustees expects to conts.nue to rise. The policy is therefore to maintain suffiaent reserves to ensure that this level of need In be funded. Having reviewed the financial F)05ib"on. the Board of Trustees have a reasonable expectation that I Charity has adequate resources to continue rts 8Ctivities for the foreseeable future. Accordingly, they ci)ntinu8 to adopt a going nCern basis in pr8parrng financial statemen15.
THE THEATRICAL GUILD (UMffED BY GUARANTEEI BOARD OF TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADMINISTRATIVE DEfAILS Charrty number: Company number: Registered office: Company secretary". 206669 00557828 11 Garyick Street. London, WC2E 9AR Amanda Parker OUR ADVISERS Accountants TC Grojp Th8 Courtyard Shoroham Road Upper Beeding Steyning West Sussex BN44 3TN Bankers Unity Trust Bank plc PO Box 7193 Planetary Road Wrflenhall WV1 9DG Stod(brokers JM Finn & Co Ltd 25 Copthall Avenue London EC2R 7AH BOARD QF TRUSTEES Ambassadors Prasanna pallaraJah Sir Simon Russell B8ale CBE Marianne Elliott Golda Rosheuvel Honorary President Phyllida Law OBE Presldent Liz Robertson Advlsory Board Mithad Carling Joanna David Joanna Mccallum Belinda Lang Honorary Co-Treasurer Biddy Hayward Paul Stephen
THE THEATRICAL GUILD fumED BY GUARANTEEI BOARD OF TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Board of Trustees The directors of the tharitable company {the Charlty) are Ils trustees for the purpose of Charity law. The trustees and o(rer$ seNing during the year and since the year end were as follows.. Jan Carey . Co-chair Claire Carrte '. Co£hair Biddy Hayward . Co-Treasurer Paul Stephen .' Co-Treasurer (appoinled 1st Dernber 2023) Claire C8rtwrighi Brenda Edelsl&ln Alan Hatton Hugh Sachs Emma Laugier Davies (appointed 2nd March 2023) David Grgwcock (appointed 2nd March 2023) Susannah Dack (appointed 2nd March 2023) Andrew Grant (appointed 1st September 2023) Cassandra Lyons lappointed 1st September 2023) Michael Carfing {resigned 1 st September 2023) STRucfuRE. GOVERNANCE AND MANAGEMENT Governing Document The Theatrical Guik1 (TTG) is a company limited by glrantee incorporated in 1955 to cary on Ihe work of the unincorporated association of the same name. The Theatrical Guild's governing document is its Memorandum and Artidgs of Association dated 26 November 1955. as amended 6 June 1956 and 10 October 1968. It is regisiere(l as a Charity wilh the Charity Commission. Appointment and Tralning of Trustees The President and Chaiman who are elecled by the Board of Truslees are Ex Offiuo. The Board of Trustees. who are 11 in number. nstI1vle Ihe Directors of The Theath"cal Guild and are elected annually at the Annual General Meeting. A casual vacancy may be filled by the Bc)ard of Ttustees. The Trustees are selected for their spectfic knowledge to keep a balance of skjlls withln the Board. All Trustees have opportunities throughout the year to allend training cout5es provided by advisers. Organisation The Charity is org8nis&d by a Board of Trustees in accordan with tts Goveming d(urnent. The Board of Tmstees meet on a rrrf)nthly basis {wTth the exceptx)n of August). with responsibility for the day-t day management of the chartty delegated to the General Manager. Amanda Parker. The arrangements for setting pay and remuneration is handled by two members of Ihe Board. one of whom is an eXpernCed HR professional. This inclLKles a rninuted Annual Review which is approved by all parties in attendance_ Rernuneralion is based on ONS for RPI and CPI inllation rates and achievement during the previous 12 months. The Chair has final approval. Risk Managarnent Th8 Directors, who Gonstttute the Boar(l of Trustees. aro responslble for identifying. assessing and tnanaging risk in the Charity. The Board of Tnjstees consider risk in all appropriate decisions made in Trustees Meetings and review annually the risks the Charity may fa. The The*rical Guild generally recEives thè majority of rts income from invesknents and safeguards this interest by working with a reputable stockbroker from an established firm. whose perforrnan is manag1 by ThG'5 TTUStees.
THE THEATRICAL GUILD (UMrrED BY GUARANTEEI BOARD OFTRUSTEES. REPORT(CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Other Collaborations The Theatrical Guikl is a member of Acting for Others and regularly works in partnership with the other charilles in Ihe group. The chartiy also nefftS from the combined knowledge and expertise of other thealrlcal charilies, partulaty Ihose who WO together to joinlly support a Beneficiary. ThG al80 supports and promotes Acbng for Others with their ftjndraising events, initiatives and special promotDns throughout the year. The Theatrical Guild is also gratefvl lo the following industry collaboralors in 2023 . The Royal The81rical Fund, Equity Charitable Trust. The ActOT5 Benavolent Fund. The Agsoctation ol Brrt15h Thaatre Technicians. The Stage Management Association. Backup Tecth, Triple EEE, The Mackintosh Foundation, Norwell L8plgy Productions. The Ivy Club, Heartbreak ProduCtn5. Highcroft Investm9nts, The Anglo American Charities and The Bridge Thvatre. FUTURE PLANS AND OBJECTIVES The Board of Truslees continue to review the Theatrical GLtild's fundraising strategy in order to me61 the increased demand for suprA)rl frcAn individuals wcKkiThJ Backstage and Fiorrt of House. Promoting the wrffk of ihe Charity through word of moulh, online presènce, social neiwort(ing. fundraising events and print Promotion- as well as fiaising with theatres throughoul the United Kingdom, ntinuas lo be our key objectives. As a result of the pandem the Tru8te8s reviwed and widened their range of support and going forw8rd, it is committed to annually assessing its fundiry for beficIae$ to ensure an appropriate level of financial aid is given. STATEMENT OF THE BOARD OF TRUSTEES RESPONSIBILITIES The Directors, who nstitUte the Board of Trustees. are resFrf)nsible for preparing the Report and the Financigl Statements in accor(lance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢pted AccounlirvJ Practice). Company Law requires the Trustees to prepare accounts for each financial year which give a true and fair view of the stste ol the Charitable Company and of the incoming resources and application of resources, including the incorr) and expenditure. of the Charitable Company that year. In preparing these accounts, Ihe Board of Trustees are required to.- select stsitable accounting policie5 and Ihen apply them consislently obseTve the methods and principles in the Charrties SORP make judgemenls and estimates that are reasonable and prudent state whether applicable UK accounting standards have been foBow8d. subject to any material departures disclosed and explained in the financial statements prepare the financial slatements on the going concern b2sis unless it is inappropriae lo assume that the charitable conwany will continue in business. The Board of Trustees ara resp)nsible for ke&ping adequate accounting records Ihat are sufficient to show and explain the co[npans transaclions and disclose with reasonable aC(racY at any time th rinanclal position of the Charity and to enable them to ensure that the accounts comply with the Comp8nies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE THEATRICAL GUILD (LIMITED BY GUARANTEE) BOARD OF TRUSTEES, REPORT{CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 e report ha5 been prepared in acwrdance with the provisions of Ihe Companies Act 2006 relating to all companres. iddy Hayward C)-Treasurer and Trustee Paul Stephen Co-Treasurer and Trustee Date: Date. I. ob. 2
THE THEATRICAL GUILD (LIPAifED BY GUARANTEEI INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Indepéndent examiner's report to the trustees of The Theatrical Guild I report on the Charity trustees on my exaNnatiOn of the acGounts of the Company tor the year ended 31 December 2023. Respective responslblllties of Tru51eeg and examiner As the Charily's trustees of the Company (and also ils directors for the purposes of company law) you are responsible for the prepardtion of the acox)unts in accordance with the requirements of the Companies Act 2006 (Yhe 2006 Act,). Having satisfied my5eifthat thé acrount5 of the Company are not required to be audited under Part 16 of the 2006 Act and are eligle for independent examinatM)n. I report in respect of my 8xafflinalion of your Charity's accounts as carried out under section 145 of the Chartties Acl 2011 I'lhe 2011 Acl,). In catrwng out my examination I have followell the Directions given by Ihe Charity Commission under section 145151 (b} of the 2011 Ac*. Independent examinerfs Statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe- (1) accounting records We Th)t kept in reyct ol the Company as required by section 386 of the 2006 Act. or {2) the accounts do not accord with those words; or (3) the accounts do not comply with the accounting requirements of sedon 396 of the 2006 AGt other than any r6quirement that tha accoun15 give a 'true and fair vW which is not a matter considered as partofan independenl examination- or {4) the accounts have not been prepared in accordance with the metlY)ds and principles of the Statement of Recommended Praciice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance wtth the Financial RerK)rting Slandard applicable in the UK and Republic of Ireland IFRS 102)]. I have no conceffts and have come a(Yoss no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understarmding of the accounts to be reached. Mark Cummins FCCA FCIE On Behalf of TC Group Date." Office: Steyning, West Sussex 26
THE THEATRICAL GUILD (LIMrrED BY GUNRANTE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDftURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Notes Total 2023 Total 2022 Income from: Donations and legacies Charit8blé actNitses Inveslm8nts Other income 18,782 44,865 69.309 26,119 56,160 70.757 9,134 Total income 132,956 162,170 Expendlture on: Raislng funds Charitable activitses Total eynditure 19.726 130.306 150,032 21,364 125.346 146,710 Nel Ilosses)Igains on investrnents 73,380 (551.243) Net incomelexpendtture 56.304 (535.7831 Reconciliatlon of funds Total funds brought forward Total funds carTied forward 1506.556 3.042,339 2,562.860 2,506.556 The statement of financial adivitses also complies wilh the requirements for ar) income and expendlture account under the Companies Act 2006. All activittes ar8 classified as continulng. Thgre arg no recognised gains or Iossgs Other Ihan those reported on Ihe slatemenl of ffinancial activikes. All funds are unrestrthd.
THE THEATRICAL GUILD (UED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 FIXED ASSETS Tangible assets Inveslmenls 2,516,227 2.495,614 CURRENT ASSETS Cash held with brokers Prèpayments Other deblors Cash at bank and in hand 2.516,227 2.495,614 24.817 2.958 2.600 19,656 13.269 2.500 2.365 5.809 CREDITORS: am(wnts faIng due within one year Taxation and social security costs Trade & othor creditDrs Accruals 50.031 23.943 8.467 1.234 3.300 898 1500 3,398 13.001 NET CURRENT ASSETS NET ASSETS 46,633 10,942 2.562,860 2,506.556 THE FUNDS OF THE CHARITY Unrestrlcted funds 10 2.562,860 2.562,860 2,506,556 2.506.556 These financial st*ments have been prepared in accor[lan wilh the specol provisions of Part 15 of the Companies Act relating lo small companies and o)nstitute the annual accounis require(J by th9 Companies Act 2006 and are for (xrculab"on to member5 of the company. For the year ending 31 December 2023 u)mpanywas entitled to exempkn.on from audit under section 477 ot the Companies Acl 2006 relating lo small compani&s. The members have not required the company to obtain an aLJdil in accordance with seclion 476 of the Companies Act 2006. The directors acknowledge their r&spon5ibikty for comptyiw wilh requirements of thè Act with rèspect lo accounting rewrds and for the preparation of acfX)unts. These accounts have been prepare(J in aCccydan with the provisions applicable to companies subject to the smai companies. regime. Th accounts were approved by the Board on Bid y Hayward urer an ber of The Board of Tnjstees Paul Stephen Co-Tre8surer and membar of The Board of Tnjstees Company Regislration No: 00557828
THE THEATRICAL GUILD IUMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 LEGAL STATUS OF CHARrrABLE COMPANY The Theatrical Guild is a charitable company, limited by guaranteè. registered in England and Wales. The charilable company's regislered number and registered Offi address can be ft)und in the Board of trusiees. report. In fhe event of the Charity being wound up. the liabilty li spe of the guarantee is limited 10 £1 per member of the Charity. ACCOUNTING POLICIES Basls of preparation The accounts have been prepared in aCC(danCe with Accounting and ReportirMJ by Charities: Slaternènt of Recommended Prac15ce applicable lo charrties preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (issued in October 2019) - (Charrties SORP (FRS 102)), the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) and the Companle5 Act 2006. The financial slatements are prepared in sterling, whith is the functional currency of the arity. Monetsry amounts in these fanci statements are rounded to the nearest pound. The The8trical Guikl meets the definttton of a public benefft enttty under FRS 102. Assels and liabrlities are initially CogniSed at historical cost or transaction value unless othetwise slated in the relevant acrxjunting policy note(sl. There are no malerial uncertainties about The The8trical Guild's abikty lo contir)ue as a going concern. Income Legacy income is accounted for in the Statement of Financial Aclivits"es when the Charrty is enb'tkd to tho inrne. rec8ipl Is probable and when the amount can be quantified with sufficient accuracy. b) Donations and other forms of voluntary in(L)me are recognised as income when receivablg. except Insofar as they are incapable of financial measurement. Subscriptions are induded in the financial statements at Ihe lime they are re[vable. other tradlng activilbes represent income from organised events and are recognised when receivable. Investment incom& and other income rs accounted for when recetvable. Expendlture Expenditure is accounted for on an accnJa15 basis with any [eCoVerable element of VA T induded within the item of expense to which li relates. Exp8nditure on raising funds indudes costs incurred by the Charity in fundraising, publicity and StoCktk9r fegs. Charhable expenditure comprises *hose cosls incurred by the Chanty in the delivery of its activities and servi$ for 115 benefiaaries. Granls payabte are charged in the year when the offer is approv&d by trustees and cnVeYed to the recipient. Governance costs include those costs associaied wtth meeting the conStitutnal and statutory requirements of the Charily and include Independent examination fees and costs Ilnked to the strategic management of the Charity. These are shown within support costs. All costs are alocated belween expenditure colegories of Ihe Statement of Financial Actiwties ISOFA) on a basis d&Sned lo refbd the use of the resource. Costs relating to a particular activity a alk)caled direeuy. others are apportioned based on estimated usage as a proportion of direclly attributable expenditure. 10
THE THEATRICAL GUILD [LIMfFED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES (continued) Flxed Assets An asset is defined as a unit of tangible propety which has an economic useful life of more than 12 months and was aUired or produced lor a cost of more than £500 induding acqui5itton and installalion (x)sls on the same invol. d) Depreciation15 provided on all tanglble ftxed assets in use at rales cal(yJlated to wrlte off the COSt of eath asset over its expected useful lrfe, as follows: Office equipment- over 5 years. Investments Inv8Stmgnts are included at fair value * the balan sheet date. Any galn or loss on revaluatton is taken to the Statement of Financial Activities. Débtors Trade and other debtors are recognised at the setuement amount due after any trade discount offered. Prepayrwts are valued al the aTllount prepaid net of any trade discounts due. Cash at bank and In hand Cash at bank and in hand includes sh and shorl term highfy liquid inve5trnents. The Board of Trustees seek to Use short lem deposits where possible to maximi5e the return on tnonie5 held at the bank and to manage cash flow. g) Cre(litors and provisions Creditors and prowsions are recognised where the Charty has a pres6nt oblbJation resulting from a past event that will probably resull in the transfer of funds to a third party and the amount due to setue the obligatiM can be measured or estimated reliably. Financial instruments The charity has elected to apply Ihe provisions of SectFon 11 'Basic Finanaal Instruments, and S@ction 12 '01her Finanoal Instruments Issues. of FRS 102 to 811 of its financial instrument5. Financial instruments are recognis8d in the charitys balance slwet when the charity b&coMes paty to the contractual provisions of the instrument. Basic finanaal instruments are reGognised al amortised cosL Funds Funds held by the Charity are unrestricted funds. These are funds received for USÈ in line wtEh the general objects of the Charity. Operating leases Renial charges ale charged on a straight-line basis over the term of the lease. Critical accountln9 estimates and judgements In the application of the chartils accounting policigs, the trustees are required to make judgements, estimates and assumption5 about the carryfng artbount of assets and liabilities that arè not readily apparent from olher sources. The eslimales and associated assumptions are based on historical experience and olher factors that are considered to be relevarTt. Actual Fesujts may differ from these estimates. k) Th6 estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting e5timat&s are recogni58d in the period in which the oslimate 15 revised. The trustee5 do not considei that there are any critical ests"males or areas of judgement that need to be brought to the attention of the readers of the financBI statements.
THE THEATRICAL GUILD (UMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUCIES {continued) Cash flow ststement In accordance with section 7 of FRS 102 Ihe charily is claiming exemption from the requirement to prepare a cash 11ow statement on account of its size. TAXATION The charitable company is registered as a charity and all of ts irrne fams wtthin the 8xemplions under part 11 of ttTe corporation tax act 2010. INCOME FROM DONATIONS AND LEGACIES 2023 2022 Donations and grants AB Tt Events Legacies 13,358 1,674 3,750 18.782 18.276 7.843 26.119 INCOME FROM CHARtrABLE ACTIVITIES 2023 2022 lan MacTaggart Trusl Ivor Novello Charities Highcroft Investment5 The Anglo-American charib.es The Mackinlosh Foundation AcErng for Others 1.500 365 2,000 1.000 10.000 30,000 44.865 1,160 55,000 56,160 INVESTMENT INCOME 2023 2022 Income from securities Royalties 69.292 17 69.309 69.899 858 70,757 EXPENDtruRE Staff costs Othèr Grant funding Total 2023 Total 2022 Raising fund5 Fund raising expenses Stockbroker fees 539 19,187 19.726 539 19.187 19,726 795 20.569 21,364 Charltable adivitks Grants Support costs 48,511 47,775 47.775 48.511 81,795 130,306 34,020 34.020 51.968 73,378 125,346 48.511 Total expenditure 47.775 53.746 48,511 150,032 146,710 12
THE THEATRICAL GUILD (LIAItTED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 EXPENDmiRE (continued) Analysis of support costs (includlng Govemance ¢osts) 2023 2022 Wages and salarie5 Rent General office and administratlon IndeperKlent examinerfs remuneration 47.775 38.852 15,600 15.000 15.920 16.226 2.500 3.300 81,795 73,378 Included within wages and salaries atove are defined contribution plan pension wntrtbutions of £2,275 (2022.- £1,612). Durlng the year the charity provided grants to 222 indlviduals totalling £48,511 {2022.' 208 individuals tolalling £51,968). Details of the grants prOVed can be found wilhin The Board of Truslees ReporL The average fulktiffte equivalent nLber of staff empioyed by the charity wa5 one (2022.. one). There wero no employees whose annud remuneration was £60.000 or more. Th& key managem6nt personnel of the charitable company comprise ofthe General Manager who is the only employee. TANGIBLE FIXED ASSETS Office Equipment Cost A5 al 1 January 2023 & 31 December 2023 Depre¢iatlon As at 1 January 2023 & 31 December 2023 Net Book Value As al 31 Dember 2023 As at 31 Decembgr 2022 10,647 10.647 INVESTMENTS 2023 2022 Listed investments Market value at 1 January 2023 Less: disposals at carrying N?lue Add: acquisilions al cost 2A95,614 2,882,859 (470,068) {192,5461 426.383 356,752 Unrealised gainslllos5es) on revalualx)n Market value al 31 December 2023 64.298 2,516,227 551.4511 2,495,614 Historical cosl 2,024,931 2,079,316 The gain on investments of £73,380 (2022". losses of £551.243) as shown In the Slatement of Financial Activities compfi88S of realised gains on sale of investments of £9.082 (2022: qains of £208) and unrealised 9ains on investments held at the year-end of £64.298 (2022:105ses of £551.451). 13
THE THEATRICAL GUILD IUMITED BY GUARANTEE} NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10. SUMMARY OF FUND MOVEMENTS All funds are unrestricled. 2023 2022 Brought forward Income Expenditure Net gainsl(k)sse8) on investments Carried forward 2,506.556 3.042,339 132,956 162,170 (150.032) (146.7101 73.380 551,243 2 562 860 2,506 556 11. CONTROL During (he year the charity was C(trOlled by the Board of Trustees. 12. RELATED PARTY TRANSACTIONS None of the Board of Trusiees (or any persons connècted wth them) rèceived any remuneration during the year or receivpd any reimbursement of &xpendrture. 13. COMMITMENTS At 31 December 2023 the Charity had tolal commiknents under nOrcancbI8 operating leases as fdlows: Land and bulldlngs 2D23 2022 Dve wthin one year 10.300 10.300 10.300 10.300 Laase payments racognised as an expense in the y8ar amounted to £15.600 (2022.. £15.000). 14