## 

## 

|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers||
|Chairman's|Statement|||2-3|
|Trustees'<br>Report||||4-9|
|Independent|Auditors'<br>Report|on the Financial Statements||10-13|
|Consolidated|Statement of Financial Activities|||14|
|Consolidated|Balance Sheet|||15-16|
|Company<br>Balance Sheet||||17 - 18|
|Consolidated|Statement ofCash Flows|||19|
|Notes to the|Financial Statements|||20-40|





|Trustees|||Zeinab<br>Badawi-Malik|||||||
|---|---|---|---|---|---|---|---|---|---|
||||Susie Boyt (appointed||26 February||2021)|||
||||Gillian Budd|||||||
||||James Harding<br>(resigned 26 November|||||2021)||
||||Adam Jones|||||||
||||Dan Marks (resigned|26 November|||2021)|||
||||Simon Parry-Wingfield|||(appointed|30April 2021)|||
||||Karen Paul (appointed|||30April 2021)||||
||||Meera Syal (resigned|1||July 2021)||||
||||Katja Tangen (resigned|||31 May 2021)||||
||||David Tyler (retired 30||September||2020)|||
||||Tania Black|||||||
||||Irene Domer (appointed|||1 January|2021)|||
||||Paul Kanareck (appointed 26 November|||||2021)||
||||Marie-Michelle<br>Kegne|Sika (appointed||||1 July 2021)||
||||Susan Prevezer (appointed<br>30April 2021)|||||||
||||Nese Rosborough<br>(appointed<br>25 February||||||2022)|
||||Jess Woodward-Jones|||(appointed|29 April 2022)|||
|Company|registered|||||||||
|number|||00707180|||||||
|Charity registered||||||||||
|number|||218506|||||||
|Registered||office|Eton Avenue|||||||
||||Swiss Cottage|||||||
||||London|||||||
||||NW3 3EU|||||||
|Company|secretary||Neil Morris|||||||
|Chief executive officer|||Greg Ripley-Duggan<br>(Executive Producer||||||&Joint Chief Executive)|
||||Roxana Silbert (Artistic||Director &Joint|||Chief Executive)||
|Independent||auditors|Nyman<br>Libson Paul LLP|||||||
||||Chartered<br>Accountants|||||||
||||124 Finchley Road|||||||
||||London|||||||
||||NW3 5JS|||||||





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||||Unrestricted|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|funds|
|||Note|2021<br>E|2021<br>f|2021|2021<br>E|2020<br>E|
|Income from:||||||||
|Donations<br>and|legacies|3|1,746,182|9,000|246,750|2,001,932|1,879,809|
|Charitable<br>activities||4|88,706|||88,706|2,480,561|
|Investments|||926|||926|2,875|
|Other income|||740,205|||740,205|306,498|
|Total income|||2,576,019|9,000|246,750|2,831,769|4,669,743|
|Expenditure<br>on:||||||||
|Charitable<br>activities||7|2,619,931|||2,619,931|5,109,137|
|Total expenditure|||2,619,931|||2,619,931|5,109,137|
|Net||||||||
|(expenditure)/income||||||||
|before taxation|||(43,912)|9,000|246,750|211,838|(439,394)|
|Taxation||12|||||31|
|Net movement|in|||||||
|funds|||(43,912)|9,000|246,750|211,838|(439,363)|
|Reconciliation|of|||||||
|funds:||||||||
|Total funds brought||||||||
|forward|||669,650|844,898|244,500|1,759,048|2,198,411|
|Net movement|in funds||(43,912)|9,000|246,750|211,838|(439,363)|
|Total funds carried||||||||
|forward|||625,738|853,898|491,250|1,970,886|1,759,048|





||CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|
||AS AT 31|MARCH 2021|||
|||2021||2020|
||Note|||E|
|Fixed assets|||||
|Tangible assets|13|188,715||233,311|
|||188,715||233,311|
|Current assets|||||
|Stocks|15|3,506|4,607||
|Debtors|16|491,502|590,784||
|Cash at bank and in hand||2,497,914|2,274,961||
|||2,992,922|2,870,352||
|Creditors due within one year|17|(1,210,751)|(1,344,615)||
|Net current assets||1,782,171||1,525,737|
|Total net assets||1,970,886||1,759,048|
|Charity funds|||||
|Designated<br>funds|18|491,250||244,500|
|Restricted funds|18|853,898||844,898|
|Unrestricted<br>funds|18|625,738||669,650|
|Total funds||1,970,886||1,759,048|





# 



## 

|||COMPANY BALANCE SHEET|COMPANY BALANCE SHEET|||
|---|---|---|---|---|---|
|||AS AT 31 MARCH 2021||||
||||2021||2020|
|||Note|E|||
|Fixed assets||||||
|Tangible assets||13|188,715||233,311|
|Investments||14|201||201|
||||188,916||233,512|
|Current assets||||||
|Debtors||16|377,762|682,356||
|Cash at bank and in hand|||2,234,003|1,693,842||
||||2,611,765|2,376,198||
|Creditors: amounts|falling due within one|||||
|year||17|(1,345,015)|(1,567,138)||
|Net current assets|||1,266,750||809,060|
|Total net assets|||1,455,666||1,042,572|
|Charity funds||||||
|Restricted funds||18|853,898||844,898|
|Unrestricted<br>funds||18|601,768||197,674|
|Total funds|||1,455,666||1,042,572|





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## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|F|
|Cash flows from operating||activities||||||
|Net cash used in operating|activities|||||222,127|(73,326)|
|Cash flows from investing||activities||||||
|Purchase oftangible fixed assets|||||||(203,465)|
|Net cash provided<br>by/(used||in) investing||activities|||(203,465)|
|Cash flows from financing||activities||||||
|Interest receivable||||||926|2,875|
|Net cash provided<br>by financing<br>activities||||||926|2,875|
|Change<br>in cash and cash|equivalents||in|the year||223,053|(273,916)|
|Cash and cash equivalents|at the beginning|||ofthe year||2,274,861|2,548,777|
|Cash and cash equivalents||at the end|of|the year||2,497,914|2,274,861|
|The notes on pages 20 to 40||form part ofthese financial|||statements|||





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|||||Unrestricted|Restricted|Designated|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2021f|
|Other|grants|and donations||516,927|9,000|246,750|772,677|
|Grants|from|Public Funding|bodies|1,229,255|||1,229,255|
|||||1,746,182|9,000|246,750|2,001,932|
|||||Unrestricted|Restricted|Designated|Total|
|||||funds|funds|funds|funds|
|||||2020f|2020<br>F|2020|2020<br>E|
|Other|grants|and donations||556,694|310,758|244,500|1,111,952|
|Grants|from|Public Funding|bodies|767,857|||767,857|
|||||1,324,551|310,758|244,500|1,879,809|





## 

## 

||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021|2021|
|||E|
|Boxoffice income|64,091|64,091|
|Other income|17,202|17,202|
|Progra mmes|1,473|1,473|
|Bar income|5,940|5,940|
||88,706|88,706|
||Unrestricted|Total|
||funds|funds|
||2020|2020|
|||E|
|Boxoffice income|1,979,103|1,979,103|
|Other income|16,058|16,058|
|Progra mmes|54,886|54,886|
|Bar income|430,514|430,514|
||2,480,561|2,480,561|





## 

## 

## 

||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2021<br>F|
||Bank interest||926|926|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||Bank interest||2,875|2,875|
|6.|Other incoming|resources|||
||||Unrestricted|Total|
||||funds|funds|
||||2021|2021|
||Other operating|income|687,329|687,329|
||Theatre tax relief receivable||52,876|52,876|
||||740,205|740,205|
||||Unrestricted|Total|
||||funds|funds|
||||2020|2020|
||||E|F|
||Hire income||3,955|3,955|
||Theatre tax relief|receivable|302,543|302,543|
||||306,498|306,498|





## 

## 

## 

## 

||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
|||||E|
|Boxoffice expenses|||2,566,163|2,566,163|
|Governance|costs||35,500|35,500|
|Bar expenditure|||18,268|18,268|
||||2,619,931|2,619,931|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|||f||F|
|Boxoffice expenses||4,315,521|389,320|4,704,841|
|Governance|costs|39,105||39,105|
|Bar expenditure||365,191||365,191|
|||4,719,817|389,320|5,109,137|



## 

|||Activities|||
|---|---|---|---|---|
|||undertaken|Support|Total|
|||directly|costs|funds|
|||2021|2021|2021|
||||E||
|Bar office expenses||1,915,368|650,795|2,566,163|
|Governance|costs|35,500||35,500|
|Bar expenditure||18,268||18,268|
|||1,969,136|650,795|2,619,931|





## 

## 

## 

## 

||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2020f|2020f|2020f|
|Bar office expenses|||3,992,984|711,857|4,704,841|
|Governance||costs|39,105||39,105|
|Barexpenditure|||365,191||365,191|
||||4,397,280|711,857|5,109,137|
|Governance||costs||||
|||||2021|2020f|
|Auditors'|remuneration|||24,750|17,300|
|Legal &|professional|||10,750|21,805|
|||||35,500|39,105|




## 

||Group|Group|Company|Company|
|---|---|---|---|---|
||2021f|2020f|2021f|2020f|
|Wages and salaries|1,233,089|1,140,312|1,230,166|996,056|
|Social security costs|87,685|83,136|87,685|72,971|
|Other pension costs|22,170|23,199|22,170|21,122|
||1,342,944|1,246,647|1,340,021|1,090,149|





## 

## 

## 

|||Group|Group|
|---|---|---|---|
|||2021|2020|
|||No.|No.|
|Theatre production||8|8|
|Theatre operation||13|14|
|Development|& marketing|7|6|
|Education 8 access||2|1|
|Administration|8 finance|4|4|
|Front of house||44|44|
|||78|77|



## 

## 

|Taxation||||
|---|---|---|---|
|||2021|2020|
|||F|E|
|Corporation<br>tax||||
|Current tax on net (expenditure)/income|for the year||(31)|
|Taxation on net (expenditure)/income|||(31)|





## 

## 

## 

## 

|||Computer|Stage and||
|---|---|---|---|---|
||Furniture<br>and|and office|lighting||
||fittings|equipment|equipment|Total|
||E||||
|Cost or valuation|||||
|At 1 April 2020|385,181|163,602|448,636|997,419|
|At 31 March 2021|385,181|163,602|448,636|997,419|
|Depreciation|||||
|At 1 April 2020|360,835|154,130|249,143|764,108|
|Charge for the year|11,340|8,404|24,852|44,596|
|At 31 March 2021|372,175|162,534|273,995|808,704|
|Net book value|||||
|At 31 March 2021|13,006|1,068|174,641|188,715|
|At 31 March 2020|24,346|9,472|199,493|233,311|





## 

## 

## 

|||Computer|Stage and||
|---|---|---|---|---|
||Furniture<br>and|and office|lighting||
||fittings|equipment|equipment|Total|
||||E|F|
|Cost or valuation|||||
|At 1 April 2020|343,161|163,602|448,636|955,399|
|At 31 March 2021|343,161|163,602|448,636|955,399|
|Depreciation|||||
|At 1 April 2020|318,815|154,130|249,143|722,088|
|Charge for the year|11,340|8,404|24,852|44,596|
|At 31 March 2021|330,155|162,534|273995|766684|
|Net book value|||||
|At 31 March 2021|13,006|1,068|174,641|188,715|
|At 31 March 2020|24,346|9,472|199,493|233,311|





## 

## 

## 

## 

||Investments|
|---|---|
||in subsidiary|
|company|companiesf|
|Cost or valuation||
|At 1 April 2020|201|
|At 31 March 2021|201|
|Net book value||
|At 31 March 2021|201|
|At 31 March 2020|201|



## 

|The following|were subsidiary<br>un|dertakings<br>ofthe company:||||
|---|---|---|---|---|---|
|Names||Country|Principal<br>activity||Holding|
|Hampstead|Theatre Enterprises|England|Bar facilities and||100%|
|Limited|||commercial<br>lettings|of||
||||theatre|||
|Hampstead|Theatre Productions|England|Production<br>of||100%|
|Limited|||theatrical<br>productions|||
|Hampstead|Theatre Ventures|England|Production<br>of||100%|
|Limited|||theatrical<br>productions|||
|The financial|results ofthe subsidiaries<br>for the year were:|||||
|Names|||incomef<br>Expendituref||Net assetsf|
|Hampstead<br>Hampstead|Theatre Enterprises<br>Theatre Productions|Limited<br>Limited|5,940<br>(13,563)<br>(2,009)||(9,221)<br>(9,860)|
|Hampstead|Theatre Ventures<br>Limited||400,495<br>(400,495)||(27,203)|





## 

## 

## 

|Group|Group|
|---|---|
|2021|2020|
|E|F|
|3,506|4,607|



## 

|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
|Due within one year||||||
|Trade debtors||1,315|1,423|1,315|1,423|
|Amounts<br>owed by group undertakings||||241,790|402,960|
|Other debtors||405,093|356,672|49,563|52,212|
|Prepayments|and accrued income|85,094|232,689|85,094|225,761|
|||491,502|590,784|377,762|682,356|



## 

|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2021|2020|2021|2020|
||||F|E||
|Trade creditors||106,400|303,991|92,904|238,627|
|Amounts<br>owed to group undertakings||||178,983|423,483|
|Corporation<br>tax|||55|||
|Other taxation and social security||314,926|346,445|314,917|346,445|
|Other creditors||260,971|219,907|260,971|219,907|
|Accruals and deferred|income|528,454|474,217|497,240|338,676|
|||1,210,751|1,344,615|1,345,015|1,567,138|





## 

## 

## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
||||Balance at 1|||31 March|
||||April 2020|Income|Expenditure|2021|
|||||E|E||
|General Funds|||669,650|2,576,019|(2,619,931)|625,738|
|Unrestricted|designated|funds|||||
|2020 fund|||244,500|246,750||491,250|
|Restricted funds|||||||
|The Next Decade Fund|||844,898|9,000||853,898|
|Total offunds|||1,759,048|2,831,769|(2,619,931)|1,970,886|
|2020 fund|||||||



## 



## 

## 

## 

|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||Balance at|||||Transfers|31 March|
|||1 April|2019|Income|Expenditure|Taxation|in/out|2020|
||||F|E||E||F|
|Unrestricted|||||||||
|funds|||||||||
|General Funds||274,951||4,114,485|(4,719,817)|31|1,000,000|669,650|
|Unrestricted|||||||||
|designated|||||||||
|funds|||||||||
|Depreciation|||||||||
|fund||50,000|||||(50,000)||
|Maintenance|||||||||
|fund||200,000|||||(200,000)||
|Sustainability|||||||||
|fund||650,000|||||(650,000)||
|Creative fund||100,000|||||(100,000)||
|2020 fund||||244,500||||244,500|
|||1,000,000||244,500|||(1,000,000)|244,500|
|Restricted|||||||||
|funds|||||||||
|The Next|||||||||
|Decade Fund||923,460||21,438|(100,000)|||844,898|
|The Leach|Trust|||2,000|(2,000)||||
|The Sobell|||||||||
|Foundation||||5,027|(5,027)||||
|The Dorset|||||||||
|Foundation||||30,000|(30,000)||||
|The Rothenberg|||||||||
|Family||||6,945|(6,945)||||
|Chapman|||||||||
|Charitable|Trust|||2,000|(2,000)||||
|Garfield Weston|||||||||
|Foundation||||1,500|(1,500)||||
|Catkin|||||||||
|Pussywillow|||||||||
|Charitable|Trust|||100,000|(100,000)||||





## 

## 

|Statement|offun|ds - prior year|(continued)|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at||||Transfers|31 March|
|||1 April 2019|Income|Expenditure|Taxation|in/out|2020|
||||E||E|E||
|Royal Victoria||||||||
|Hall Foundation|||1,848|(1,848)||||
|Sackler Trust|||5,000|(5,000)||||
|The Andor||||||||
|Charitable|Trust||2,500|(2,500)||||
|Vandervell||||||||
|Foundation|||5,000|(5,000)||||
|Individual|donors||127,500|(127,500)||||
|||923,460|310,758|(389,320)|||844,898|
|Total offunds||2,198,411|4,669,743|(5,109,137)|31||1,759,048|





## 

## 

## 

## 

|Summary|offunds - current ye|ar||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at 1|||31 March|
|||April 2020|Income|Expenditure|2021|
|||E|E|E|F|
|General funds||669,650|2,576,019|(2,619,931)|625,738|
|Designated|funds|244,500|246,750||491,250|
|Restricted|funds|844,898|9,000||853,898|
|||1,759,048|2,831,769|(2,619,931)|1,970,886|



|Summary|offund|s - prior year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at||||Transfers|31 March|
|||1 April 2019<br>E|Income|Expenditure|Taxation<br>E|in/out<br>f|2020|
|General funds||274,951|4,114,485|(4,719,817)|31|1,000,000|669,650|
|Designated||||||||
|funds||1,000,000|244,500|||(1,000,000)|244,500|
|Restricted|funds|923,460|310,758|(389,320)|||844,898|
|||2,198,411|4,669,743|(5,109,137)|31||1,759,048|





## 

## 

|20.|Reconciliation<br>of net movement|Reconciliation<br>of net movement|Reconciliation<br>of net movement|Reconciliation<br>of net movement|Reconciliation<br>of net movement|Reconciliation<br>of net movement|Reconciliation<br>of net movement|in funds|in funds|to|net|cash flow|from|operating|activities||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||||Group|Group|
||||||||||||||||2021|2020|
||Net<br>income/expenditure|||||for|the|year|(as||per|Statement|of|Financial|||
||Activities)||||||||||||||211,838|(439,363)|
||Adjustments||for:||||||||||||||
||Depreciation||charges||||||||||||44,596|50,568|
||Dividends,|interests||and||rents|from|investments|||||||(926)|(2,875)|
||Decrease|in|stocks||||||||||||1,101|6,835|
||Decrease|in|debtors||||||||||||99,382|10,177|
||increase/(decrease)||||in creditors||||||||||(133,864)|301,332|
||Net cash|provided||by/(used|||in) operating|||activities|||||222,127|(73,326)|
|21.|Analysis|of|cash and cash equivalents||||||||||||||
||||||||||||||||Group|Group|
||||||||||||||||2021|2020|
|||||||||||||||||F|
||Cash<br>in hand||||||||||||||2,497,914|2,274,861|
||Total cash and cash||||equivalents||||||||||2,497,914|2,274,861|
|22.|Analysis|of|changes||in|net debt|||||||||||
||||||||||||||At 1 April|||At 31 March|
|||||||||||||||2020|Cash flows|2021|
|||||||||||||||E|||
||Cash at bank||and in hand||||||||||2,274,961||222,953|2,497,914|



## 



## 

## 

## 

## 

|payments|und|er non-cancellable<br>operating<br>leases as follows:|||
|---|---|---|---|---|
||||Group|Group|
||||2021|2020|
||||E||
|Not later than||1 year|56,300|56,300|
|Later than|1 year and not later than 5years||224,000|224,300|
|Later than|5years||102,667|158,667|
||||382,967|439,267|



## 

## 



## 

##