THE THEATRICAL GUILD (A COMPANY UMITED BY GUARANTEE) BOARD OF TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 the theatrical guild THE CHARrrY SUPPORTING BACKsfAGE AND FRONT OF HOUSE STAFF COIAPANY MJMBER: 00557828 CHARITY NUMBER: 206669
THE THEATRICAL GUILD {uMrrED BY GUARANTEE) coKrENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Board of Tnxteos, Report (Indudlng Slatemeirt of Responslbifrties) 1-6 Independent Éxaminerfs Report statgm•nt of Flnancknl Acllvttl05 Balanoe Sheet Notes to the Arxounts 10-14
THE THEATRICAL GUILD {UMITE0 8Y GUARANTEE) BOARD OF TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Board of Trustees (who are also Direclors of the Charity far Ihe purposes of the Cornpanigs Act) present their report and the financial statements for The Thealrlcal Guild (the Cclnpany) for the year ende(131 December 2024 Ythich are also prepared to meet the requirements for a Directors, rewt and acunIS for Companies Act purposes. The xcounts eompty wilh the Charities Act 2011. the Corrpanles 2006, the Memorandum and Artlcl8s of Assoclalion, and A¢UntIng and Reporting by Charities.. Slatement of Recommended Practice appl[Cab lo chartttes preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS102) (publtshed in October 2019). OUR PURPOSES AND ACTMTIES Tha Theatrlcal (Ladles) Guild was estsL4ithed In 1891 by the aGtress C.L {Kittle) Carson to 'glve relief or assistance to members of the theatrical profession in fnancial distress,. Ttr purpose of The Thealrical Guikl fcr th8 public benefrt. is to be avallable to help anybody In need. who has worked Backstage or Front of House professional theatre role ts a period of more than 3 years. The Charity's princip81 acti¥ity conttnues to be to seek funds in order to provide financial support fix the b8neficiaries of the Charfty. In shaping our objectives forthe yearand planning our activities, the Board ofTrustees have considere(I the Charity Commi$sron's guidance on public benefiL induding the guidance 'Public Benefit Running A Charity (P82)'. The Board of Tnjstees traditionally meet in person on a monthly basis (with the exc8Ption of August) and grants lo individuals are determined In these meetlngs. In speclal circumstancès. decisions on grant making may also be made via email or ¢orrference 11. in addtknon to monthly in person meetlngs. The main crilerfon for assessment is that offinancial hardship and emoliCal need. When making decisions on applications, relevant induslry experience is required and each case is judged on Its own merlts. wlth grants being awarded on a regular basls. The Theatrical Guild aims to help resol¥e an applicant's immediats problem and empower the individual to find longer term solulions for themselves. Grants to chafltabl8 institutlors. such as care homes. are Increasingly fa but are also detemiined by the Board of Trustees. The assessment ¢riieria being Ihe support these instituti¢)ns provtde for The The3tri¢al Gulld's beneficiaries and the financial requirement of those institutions to continue to provide andlor improve that supporL ACHIEVEMENTS AND PERFORh1ANCE (Induding Financial Review & Reserrfes Polioy) The Investment Policy. 88 set down by the Board of Tntstees. is to generate a high level of Income to enable Th8 Theatri¢al Guild to conts'nue to support Its beneficlaries and to protect and grow the capital over the long temi. At the 31ai December2024, The Theatrlcal Gulld investment portfolD was valued al £2,612,139, having appreuated +5.2V. In totsl return tern over the year. In early 2024 markets had lo deal with Ihe disappointmt that the US Federal R85errfe ar other central banks were not going to cut inlerest rates as quickly as many had hoped. whlle towards the end of 1he y8ar th8 markal frètted about President elect Trump's policies which were seen to be infiationary. Groydth equities outperfomied but over Ihe year interest rate Sensilive assets struggled. At the 31d Dmber 2024 the portfolio had generated a total retum of +86.4% over the past 11 % years. and wth a 11 year annualised rate of +4.g% per annum (net of fees). both of whtch are ahead of the bchmk.
THE THEATRICAL GUILD IUIIITED BY GUARANTEE) BOARD OF TRUSTEES. REPOFrr (CONTINUED) FOR THE YEAR ENDED 31 OECEMBER 2024 Our Investrnent Manaws are opumlstk about the ou11¢x for markets and the ptt0110 over 2025. especrdlfy for income generating assets. The Board of Trustees actlvdy encourage donatlon5 through fundralgng actS¥iti&s. events and legaries, all of which offer a valuable source of financial help and an eff&live way of ensuring the contlnuati(Jn of th8 Charitys work. Financial bequests. royaliies or th8atrical memorabilia are a180 wethmed, as vRys of helplrvj The Theatrlcal Gulkl ralse addlllonal funding to support our Beneficlary Grant Prosramm8. In 2024, The Theatrfcal Guild supported a total 238 eenefidarles vAth long-twm grants. short4ami grants, on&off grants. access to counselling. mid-career training bursaries, advi and signposting. Tre maFxity of support was for emwgeTrcy need (fent, bills. househcAd goods, childcare costs or counselllng) due to Issues relatlng to work statxlty. the long-term impact of financial losses Incurred durlng the Covid Pandemic. the ongolng Cost of Living Crisis and the Increased demand for montal heallh support services. Example5 of TTG'S Beneftlary Grants in 2024 are. 1. A Stagehand fron7 Liverpool was awarded 8 9nK)nth want to help acule foodpovety and household bills 2. A Theatre Technidan frDm London was awarded a syart to pay his rent affears & wevent 3. Two established and highty skilled Scenic D¢gners. wwe awarded grants. anabllng them to attend a Specialist Training Cfw8e in Ckslemp6YPanting, at Tyno Theatro & Opwa House. 4. A Followwspot Operator frtyn Essex was given a 3-nx>nfh -of-LIvIng grant, to supwf her w7lh e&8ential utility &WIs 5. A Theatre Managerfrom Devon was gwen In7nO aesS to counselling. followino a family bereavgment The total eA)St of our Beneficiary Grant Programme in 2024 (indudino any foThYard commitments) amounted to £43,630 {2023: £48.511). The Theatrical Guild had £2,637,842 of unrestricted reserves at 31 December 2024 (2023.. £2.562,860). The funds are Invested to provide the incorne for The Theatrical Guild to me8t the future needs of their beneficiaries. the cost of which the Board of TnJstee5 expects to continuè to rise. Th8 policy Is therefor8 to maintaln sufficient r8seNes to ensure Ihat this level of need Gan be fiJnded. Having rewewed the financial posiknon, the Board of Trustees have a reasonable eXptIOn that the Charity has 8dequa18 resources lo continue its aCtIvleS for the foreseeable fuiure. According. they continue to adopt a golro concem basls In weparlng the financlal statements.
THE THEATRICAL GUILD {uiirrED BY GUARWITEE) BOARD OF TRUSTEES. REpoirf (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 REFeRENCE AND ADIAINISTRATIVE DEfAILS Charlty number. Company number. Reglstered offlce: Company Beu8tary: 557828 11 Garrick Street. London. w2E 9AR Amanda Parker OUR ADVISERS Independent exarnlners TC Group The Courtyard Shoreham Road Upper Beading Steyning West Sussex BN44 3TN Banker8 Unty Trust Bank plc PO Box 7193 Planetsry Road Willenhall WV1 gDG Stockbrokers JM nn & Co Ltd 25 Copthall Avenue London E2R 7AH BOARD OF TRUSTEES Ambassadors Slr Simon Russell Beate CBE Mariann8 Elliott OBE Prasanna PLwanaraiah Golda Rosh8Lw81 Honorary pkIent Phyllida Law OBE President Jan Carey Advisory Board Mtchael Carlrng nna David Brenda Edelstein Davrd Edelstein Belinda Lang Joanna Mccalum Sarah Norris Honorary Treasuror Paul Stephen
THE THEATRICAL GUILD (LIMITED 8Y GUARAKfEE) BOARD OFTRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Board of Trustees The directors of the dprttable company (the Charity) are Trs trusteas for the purpose of Chanty law. The trusteas and offlcers setvng durlng the year and since the year end wÉr8 as fk. Jan Carey: C(air (resigned 18th July 2024) Llz Robertson: Co£haIr (appolnted 18th Juty 2024) Clalre Carrie.. Ctrchair Paul Stephen: Treasurer Clalre Gartwrlght Susannah Dack Mark Edel*unt (appointed 18th Juty 2024) Brenda Edelst8in {resigned 9th May 2024) Andrew Grant David GrewcoBk {resigned 9th May 2024> Alan Hati Bridgat Hayward Rachd Kavanaugh (appointed 18 Juty 2024) Emma Laugier Davies Cassandra Lyons Hugh Sachs STRUCTURE. GOVERNANCE AND MANAGEME[ Govemlng Document The Theatrical Guild (FfG) is a company limited by guarantee incorp(¥aled in 1955 to carry on the work of the unincorporated associalion of the same name. The Theatrical Guild's governing document is its IAernor8ndum and Artides of Association dated 26 Novgmber 1955. as arnended 6 June 1956 and 10 OctrJbei 1968.11 15 regist as a Charty ryth the Charty Commkssion. Appolntment arKI Tralning of Trustees The President and cchairS who are electad by the Board of Trustees are Ex OfficKJ. The Board of Trustees, who are 13 in numb8r. constitut8 trte Directors of The Theatrical Guild and ar8 elèct8d annualEy at the Annual Geral Meeting. A casual vacancy may be filled by the Board of Truslees. The Trustees are selected for their specific knowledge to keep a bance of skills Vthin the Board, All Trustees have opportunitie8 thrcwghout fhe year to attend training courses provided by advisers. Organlsation The Charity Is oryJanised by a Board of Trustees Ni accordance wilh its Goveming dofjjment. The 8oard of Trust meet on a monthty basls (wth the 8xc8ption of August). wÈth resp0nslb1ty for the day40- day management of the charity delegated to the General Manager. Annd8 Parker. The arrangements for setting pay and remuneration is handled by two membef5 of the Board of Tntstees and one memb8r of th8 Advisory Board. who is an experie(ed HR profes&onal. This indudes a Minuted Annual Revlew whlch Is approved by all parties in attendance. R8muneratK>n Is based on ONS for RPI and CPI inllallon rates and achknemenl during the prevlous 12 months. The cchairS have final approvaL
THE THEATRICAL GUILD IUMrrEO 8Y GUARAMfEE) BOARD OF TRUSTEES, REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Risk Management The D1CtOrS, who constitute the Board of Twstees. are responsible for identifylng, assessing and managing risk in the Charlty. The Board of Trustees conslder risk in all appropriate decisions made in Trustees Meetbngs and revlew annually the risks the Charity may fa¢%. The Theatrical Guild generally receives Ihe maprity of rts income from investments and safeguards this interest by working a reputable sIrOker from an established fimi. whose performance is managed by TTG'S Trustees. Other Collaborations The Theatrrca Guild is a Member of Actlng for Other5 and regularly WO in partnership with the other Member Charities in the group. Th8 charity also benefts from the comblned knoedge and experUs8 of other theatrical charities. parlicularty those vtho work t(yJether to Idntly support a Beneficiary. TTG also supports and promotes Actlng for Others with their fundraislng events, initiatives and specral FOtIonS throughout the year. The Theatrical Gull d is also grateful to thèfollcAvlng Industy collabLYators In 2024". The Royal Theatrical Fund, The Equity Charitable Trust. The Actors Benevobnt Fund, Backup Tach. The Association of British Theatre Tethniryans. The Stage Manag8ment Association. The Mackintosh Foundatlon. Hithcroft Investments plc, Thé Anglo Amerlcan Charities. Leicester Square Theatre, 8Tian Cox {Actor). James Norton (Actor), Liz RobwtSC (Actressl clai Cartwright (Actress), Hwe Design Ag8ncy Bristol. H8xagon pnI and Bloomsbury Fkmers. FUTURE PLANS AND OBJECTIVES The 8oard of Trustees continue to review the Theatrical Gulld's fundraising strategy in order to meet the Increased dernand for suppm from indwiduals working Backstage and Front of HoLL8e. Promotlng the work of the Charity through Vrd of moulh. online presence. s121 networklng. fundraislng events and print promotion- as well as liaising with theatres throughout the Unit Kingdom, Gontinues to b8 our key objectives. srATEMENT OF THE BOARD OF TRUSTEES RESPONSIBILITIES The Directors, who constitute the Board of Trustees. are responsible for weparing the Report 8nd the Financial Statements in accordance 7Mth applicable law and United Kingdom Accounting Standards {Unlted Kingdom Generally Accepted Accounting Practice). Company Law requires the TrusEees to prepare accounts for each financtal year which gNe a true and fair vlaw of the state of the CharitsbEe Company and of the incoming resources arKI appllcatlon of sources, inCding the Inc and expenditure. of the Charltable Company for that year. In preparing these acCnts, the Board of Trustees are ru1r8d to . select suitable aCcCnI1n9 pM)I[eS and then apply them consistent 2. obs8rrfe the methods and prfnaples in the Charities SORP make judgernents and estimates that are reasonable and prudent 4. state whether 2pplicabl8 UK accounling standards have been fonowed, subject lo any material departures dis¢losed and explained h the financial statements 5. prepare the financial statements on the gorng neeffl basis unless it is inappropriatè to assume that the charitable company will continue tn buslness.
THE THEATRICALGUILD {UMITED BY GUARANE) ARD OF TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Board of Trustees are resp(Thible for keeping adequate acc(wnting records that are 8uffic4ent to show and explain tho cornpanrfs trarwtions disclose with rea$able a¢xuTacy at any twne the finanual positlon of the Charity and to enable them to ensure that the accounts ccThply with the Companles Act 2006. They are atso responsible for safo3uarding the assets of the Charity and hence ft)r tsking r8asonable steps for the prevention and detertion of fraud and other irr8gularlties. The repwt has been prepar&1 in accoTdan¢e Thryth the provisions of the Companies Act 2006 relatlng to small comp8nies. Paul Stsph•n Treasurer and Trustee Dale:
THE THEATrICAL GUILD {UMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 DECEMBER2024 Independent examinerfs report to the Trnstees of Tho Theatrlcal Gulld I report on the Charity Trustees on ffly examinalon ofthe accounts of the Company fcy the year ended 31 Deoember 2024. Respo¢tive rnsponsibililies of Trust3 and •xamlner As the Charity's trustees of the Company (and also Its directo for the purpose5 of company law) you ar8 responsible ftx the weparation of the accounts in accordance wiiti the uIrnents of the Companies Act 2006 (Yhe 2006 ACV). Havlng satlsfied myself that Ihe a¢ts ofthe Company are rv)t required to be aurfitad under Part 16 of the 2006 Act and are digible for independent examlnation, I report in raspect of rny &Yamination of your Charity's accounts as carried out under section 145 of the Charits'es Act 2011 (Yhe 2011 ACY). In (grrying out my examlnatlon I have tollowed the Directions oiven by the Ch*ity Commission under secuon 14q5) (b) of the 2011 ACL Indepondent exarniTh8t8 statemènt I have ¢ompleted my examination. I confirm that no matters have Gfft to my atteniion in wnnection th the examination giving me cause to believe: (1) accounting records lere not kept in res of the Company as rèquired by sertlan 386 of the 2000 Act: or {2) the accounts do not accord with Ihose reix)rds; ¢x (3) the accounts do not ¢crfnply with the accounting requirements of s8Ctlon 396 of the 2006 Act other than any requirement that the accounts give a true and fair view vknich is not a matter considered as part of an indyidenl examinatton.. or (4) the accounts hav8 not been prepared In aCcdanCe with the methods and principles of tha Statement of Recommended Praclice for acc(nting and reporting by charities lappllcable to Charities preparing their accounts in accordance with the Financial Reportlng Stsndard applicable in thé UK and Republlc of Iland (FRS 102>]- I have no concems and have come acros5 no other matters In conn8Ctlon wlth the eXamInaOn to which attenlion should be drawn In thls report in order to enable a proper under5tsnding ofthe accounts to be r80ch8d. .qro Mark Cummins FCCA FCIE On Behalf of TC Group Office.. Stayning. West Sussex
THE THEATRICAL GUILD iuIKrED BY GUARANTEE) STATEMEKf OF FINANCIAL ACTMTIES (INCLUDING INClE AND EXPENDITURE ACCOUK FOR THE YEAR EK)ED 31 DECEAIBER 2024 Notes Total 2024 Total 2023 Incomo from: Donations 8ndlegaeS Charttable activthes IrpStIn8nts 51,720 32,000 88363 18,782 44,865 69,309 Tolal incom• EXp•ndIre oft: Ralsing funds Charltable activfties Total expenditure 27.017 131.343 14360 19.726 130,306 150,032 N81 {lossesygalns on Inv8strnents 10 61,359 Ngt income and movements In funds 74982 56.304 Reconciliation of funds Totsl funds brought f0Thrd Total funds carried forward 1562,860 2,508,556 1637,842 2,562.860 The statement of finartial activities also complieswlth the requirements for an income and expenditur8 aGGount under the Coftyanles Act 21116. All aCtiVeS are da55ifRd as continuing. There are no recognised gains or It)sses other than those reported on the statem8nt of fin8nclal activitie& I funds a unreslricled.
THE THEATRICAL GUILD IUMITED BY GUARANTEE) BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSET8 Tanglble assets InYeslm8nts 10 2.578,306 2,578.306 2 518,227 2,516.227 CURREKf ASSErs Cash held wth brokers Prepayments Other debtors Cash at bank and in harKI 33132 2,929 2,000 24,737 24,817 2.958 2.600 19.656 63.498 50.031 CREDrroRS: amounts falllng the 4thln one year Trade & other creditrKs Accruals 1000 2,500 1962 3.398 NET CURRENT ASSErs 59,536 46.633 NET ASSErs 1637.842 2.562.860 THE FUNDS OF THE CHARITY Unrestficted funds TOTAL FLINDS 1637.842 2.637.842 2,562,860 2.562.860 These financial statements have been rffepared n accordan wilh the special primsions of Part 15 of the Companies Act reMing to small compantes and constttute the 8nnual accounts required by the Compani85 Act 2006 arKJ are for drculation to members of the ccffipany. Forthe yearending 31 December2024 the cornpary was entitled to exemption from audit underseclion 477 of th6 Companies Act 2006 relatlng to small companies. The members have nol requlre(I the company to obtaln an audit in accordance wilh sectlon 476 of the Companies Acl 2006. The directors acknedge thelr responsibility for complyW with the requirements of Ihe Act wmh res to accounting records and lor the weparation of accounts. These accounts have been prepared in accordance wilh the provision5 applicable to companies sub to the small companles. regime. Th8 8ccounts were approved by the Board on 2u A.Pfi l 70 15 Paul Stèphèn Treasurer and membw of The Board of Trustees Company Reglstralion No: 00557828
THE THEATRICAL GUILD (LIMITED BY GUARANTE£) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 LEGAL STATUS OF CHARITA8LE COMPANY The Theat Gulld is a Charitable company. KmSted by guarantee. regislere(l in England and Wales. The charilable company's registered number and regÉ5tered office address can be found in the Board ol trustees. report. In the event crf the Charlty iEing wound up. Ihe Ilablllty h respect of the guarantee Is Ilmlted to £1 per member of the Charity. ACCOUNTING POLICIES a) Ba315 of preparation Thè accounts have been prepared in accordan 1th Aexounting and Reporting by Chariti Statement of Recommended Practice applicabl8 to chariti8s pr8paring thoir acwunts in accordance V•ith the Financial Reporting Standard appllcable In tha UK and Republlc of Ireland (FRS 1021 IIssu8d In October 2019) - (Charities SORP {FRS 102)). the Financial Reporting Standafd applicable In the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financiel statements are prepared in sterling, vthich is Ihe functional CuencY of tho charty. Monetay amounts in these financial stalntS are rounded to the nearest pound. The Theatrical Guild meets the definitiC of a public benefft entity under FRS 102. Assets and liabilitie5 are nTbally recogni3 at historical cost or transaction value unless Otherwise stated In the relevant accounting poltcy note(s). There arè no material uncertaintl&s about Tha Theatri Guild's abirty to continue as a going concem. b) Income Legacy income is accounted the Siatement of Flnan¢ial Activitle8 when th8 Ch8dty is entitled to the income, recelpt is probabl8 arKI vthen th8 amount can be quantified vith suffiGi8nt acracY. Donations and other fomis of voluntary income are recognised as income when receivable. except insofar as they are incapabb of financial mea5uremenL Subscriplions are included in the financial statements at the time they are r1vable. Other trading activities rapresent income from cganlsed events and are recognlsed whe recelvable. Investment income and other incom8 is acix>unteAI for when receivabl8. e) Expendityre Expenditure is a¢counted for on an accruals basis wilh any Irrecoverable eleMt of VAT included 1th1n the item of expense to which it relates. Expenditure on raising funds includ8S Costs Incurred by thè Charity in fundraising, publicity and stockbroker fees. Charitable expenditure cornprises tho$e costs incurred by the Charity in the delivery of its activities and se¢vice5 for its beneffiaaries. Grants payable are charged in Ihe year when the Off is approved by trustees and conveyed to the recipient. Governance costs Indud8 those costs associated with meeting the ¢onstttulyonal and statutory requlrements ofthe Charfty and include independent examinatton fees and costs linked lo the strategic mariaGement of the Charity. These are shcwi within support cos15. All costs are ailccated between expeThl1re categorles of the Statemenl of Financlal Acthitles (SQFA) on a basis designed to reflect the use of the resource. Cosls relating to a particular activity are allocated dtrectly. others are apporuoned basJ on estlmaled usage as a proportion of dlrecuy attdbutable expenditure. 10
THE THEATRICAL GUILD IUhlThED BY GUARANTEE) NOTES TOThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21)24 ACCOUNTING POLICIES (contlw•d) d) Fixed Assets An et Is defined as a unit of langible property wTrMch has an economic useful Itfe of more than 12 morrths and was acquired or produced for a cost of more than £500 induding acqulsition arvj installation costs the same Imioice. Depreciation is provlded on all tangiNe fixed 85sets in use at rdtes eAtculated to wrfte off the cost of each asset over ts expected useful lifa, as follows: Office equipfflt- ovw 5 yea Investments Investsnents a Tnduded at falr value at Ihe balance sheet date. Any gain or ktss on reValuatn is taken to Ihe Statement of Finan(xal Activities. Debtors Trade and other debtws are re¢ognised al the setllementarnount due after any trade discount offer8d. Prepayments are valued at the amount prepaid net of any trade di)urrtS due. Cash al bank and in hand Cash at bank and In hand indude5 cash and short term highly liquld investments. The Board of Trnstees seek to use short terrn deposits ere possible to maxlmlse the retum on monies held at the bank and to manage Ilow. 91 h) Creditors and provisions Creditors and provisions are regnised Whe the Charity has 8 pr&sent obligallon resuFiing from a past event that will probably resuh in th8 transfvr of funds to a third party and the amount due to settle the Obligatic can mèasur&1 or estlmated rellabty. Flnan¢ial instruments The charity has elected to apply the provisions of Section 11 '8asic Finanrial Instruments, and Section 12 '0ther Financtal Instruments Issues, of FRS 102 to all of its financial insiruments. Financial Instruments a recognised in the charivs balance sheet when the tharity becomes paty to the contrdctual wovlslons of the instrumenL Basic financial instruments are recognlsed at amortised cL Funds Funds hdd by the Charity ar8 unrestricted These are fijnds received for use In line with the general objects of the Chaiity. Operating leases Rental charges are thar9ed on a straight-lin8 basis ovèr Ihe term of the lease. Crltical accounting estlmat¢s and Judgements In the appfication of Ihe charty's accounting policies. the trusteas are required to make judgements. estimates and assumptions about th8 carrying amount of assets and liabilities that arè not readily apparent from other sources. The esttmat8s and associated assumptions ar8 based histori{ experience and other factors that are C{$]dered to be relevanL Actual results may differ from thesa estimate5. The estimates and underlying assumplions are reviewed on an ongoirw basls. Revisions to accounting estimates are recognised in the perfod in which the estlmate Is revised. The trustees do not considor Ihat there are ary Crital eslimates or areas of judgement that ne to be brought to the attention of the readers of the financial statements_ 11
THE TrIEATRICAL GUILD IUMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEpifs {CONTINueD) FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES {continued) m) Cash flow statement In accordance wlth sectlon 7 of FRS 102 the charity Is daiming exemptlon from the requirement to prepare a cash fl(n¥ statement on account of its sze. I TAXATION The charitable company is reglstued as a chaiity and all of its income falls Iwthin the exemptions under part 11 the 0xpor[on tax act 2010. INCOME FROM DONATIONS AND LEGACIES 2024 2023 Donations and grants A8TT Events L8gacies Fund gart8fatlon Gift Ad Received HMRC 14579 1.847 1.016 32.512 13,358 1.674 3.750 51,720 18.782 INCOME FROM CHARITABLE ACTIVITIES 2024 23 lan MacTaggart TnJ8t Ivor Novello Chartties Highcroft Investrnents The Angb-American Charllies The MaL*intosh Foundation Acting for Othtrs 1,500 365 2,1)JO 1,lJOO 10.000 2,lJOO 32.000 44,865 INVESTMENT INCOME 2023 Incom8 from securities Royalt$ 87,911 352 69.292 17 EXPEN0uRE Staff (Xher Granl fundlng Total 2024 Total 2023 Ralslng funds Fund raising expenses Stod%broker fees 6.992 6.992 539 20,025 27,017 20.025 27.017 19.187 19.726, Charitable activities Granls Support costs 43,630 43.630 48.511 81.795 130.3 50,662 50,662 37,051 37.051 43,630 131.343 Total expenditure 50,662 64,069 42.630 158.360 150.032 12
THE THEATRICAL GUILD IUMtTED BY GUARANIEE) NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 EXPENDITURE IGontInu} Anatysls of support costs (IndIng Governance Costs) 2D24 2023 Wages and salarfes (Note 8) Rent General office and adm]nistratt¥) Independent examinerfs remuneration 50.662 15A50 18.601 47,775 15,600 15.920 87.713 81.795 During year the chanty provided grants to 238 inthviduals totslling £ 43,629 (2023: 222 indivSdual$ totalling £48.511). Details ofthe grants provided can be found vthin The Board of Trust88s RepofL EMPLOYEE COSTS 2024 2023 Wages and salaries Social se(xJrlty costs Penslon contr)utkY 48.140 45,500 115 2.407 47.775 Included ithin Wag and salaries above are defined contribution plan pension contribulions of £2,407 (2023: £2,275). The average fulktlm8 eqUalent nnber of staff employed by the tharity was one (2023: one). There were no employees vthose annual remunerafjon vrds £60,000 or morn. Th8 key management personnel of the charitaNe company ¢ompdso ofthe General Managar who is the only emptyee. TANGIBLE FIXED ASSErs Equlpm•nt Cost A8 8t 1 January 2024 & 31 December 2024 DeprK4ation As at 1 January 2024 & 31 Decernber 2024 Net Book Value As at 31 December 2024 As at 31 D8cernber 2023 13
THE THEATRICAL GUILD (UMITED BY GUARAKfEE) NOTES TO THE FINANCIAL STATEMENTS ICOKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10. INVESTMEKrs 2024 2023 Listed Invethenls Market value at 1 January 2024 Less: disposals at carrying value Add.. acquisttlons at cosl Unrealised gains on revaluation Market value at 31 Decemb8r 2024 1516,2Z7 (521.927) 508,628 75.378 2,495,814 (4TO.068) 426.383 578 306 2 516 227 HlstOTical cost 2 173295 2 024 931 The galn on investrnents of £61.359 (2023: £73,380) as Sho in the Slatemerrt of Financial Activities comprises ol realised losses on sale of investrnents of £14.019 (2023.. gains of £9,082) and unrealised gains on investments held at the year-end of £75.37812023: £64.298). 11. coKfROL t)urlng the year the charity Wds C(KJtrolled by the 8oard of Trustees. 11 RELATED PARTY TRANSACTIONS None of the Board of Trustees (or any persons connected with th8m) rwAlved any rUneratIon during the year or reNed ary reimbursement of expenditure. 13. COMMITMENTS At 31 Oecember 2024 the Charity had total commitments non-cancellable operatlng leases as foTIows: Land and buildlngs 2024 2023 Due within one year 10,300 10.300 10,300 10,3DO Lease payments reco9nised as an expensè in the year amounted to £15.450 (2023: £15.61)0). 14