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|Reference and Administrative Details ofthe Company, its Trustees and Advisers||
|---|---|
|Chairman's Statement||
|Trustees' Report||
|IndependentAuditors' Report on the Financial Statements|11-14|
|Consolidated Statementof Financial Activities|15|
|Consolidated Balance Sheet|16-17|
|Company Balance Sheet|18—19|
|Consolidated StatementofCash Flows|20|
|Notes to the Financial Statements|21-38|





|Trustees|Zeinab Badawi—Malik (resigned 29 September 2023)||
|---|---|---|
||Tania Black (resigned 28 November 2022)||
||Susie Boyt||
||Gillian Budd||
||irene Dorner||
||Nese Guner||
||Adam Jones||
||Paul Kanareck||
||Marie-Michelle Kegne Sika||
||Simon Parry-Wingfield||
||Sue Prevezer||
||Karen Paul||
||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||
|Chiefexecutive officer|Greg Ripley—Duggan (Executive Producer & Joint Chief Executive)||
||Roxana Silbert (Artistic Director & Joint Chief Executive)|— resigned 19 December|
||2022||
|Independent auditors|Nyman Libson Paul LLP||
||Chartered Accountants||
||124 Finchley Road||
||London||
||NW3 5J8||





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|||Unrestricted|Restricted|Designated|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|funds|funds|
|||2023|2023|2023|2023|2022|
||Note|£|£|£|£||
|Income from:|||||||
|Donations and legacies|3|2,134,914||—|2,134,914|2,135,021|
|Charitable activities|4|1,682,543||—|1,682,543|1,783,723|
|Other trading activities||158,243||-|158,243|105,000|
|Investments|5|1,750||-|1,750|127|
|Other income|6|929,517||-|929,517|603,596|
|Total income and|||||||
|endowments||4,906,967||—|4,906,967|4,627,467|
|Expenditure on:|||||||
|Raising funds||28,247||—|28,247|48,661|
|Charitable activities|7|5,296,085|78,136|—|5,374,221|4,212,107|
|Total expenditure||5,324,332|78,136|—|5,402,468|4,260,768|
|Net|||||||
|(expenditure)lincome||(417,365)|(78,136)|—|(495,501)|366,699|
|Transfers between|||||||
|funds|18|542,250||(542,250)|—||
|Net movement in|||||||
|funds||124,885|(78,136)|(542,250)|(495,501)|366,699|
|Reconciliation of|||||||
|funds:|||||||
|Total funds brought<br>forward||945,436|849,899|542,250|2,337,585|1,970,886|
|Net movement in funds||124,885|(78,136)|(542,250)|(495,501)|366,699|
|Total funds carried|||||||
|forward||1,070,321|771,763|-|1,842,084|2,337,585|





## 

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||||2023||2022|
|---|---|---|---|---|---|
||Note|||||
|Fixed assets||||||
|Tangible assets|13||135,566||161,861|
||||135,566||161,861|
|Current assets||||||
|Stocks|15|8,351||5,833||
|Debtors|16|1,053,701||1,020,704||
|Cash at bank and in hand||2,249,808||2,644,963||
|||3,311,860||3,671,500||
|Creditors due within one year|17|(1,605,342)||(1,495,776)||
|Net current assets|||1,706,518||2,175,724|
|Total net assets|||1,842,084||2,337,585|
|Charityfunds||||||
|Designated funds|18||||542,250|
|Restricted funds|18||771,763||849,899|
|Unrestricted funds|18||1,070,321||945,436|
|Total funds|||1,842,084||2,337,585|





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||||2023||2022|
|---|---|---|---|---|---|
||Note|||||
|Fixed assets||||||
|Tangible assets|13||135,566||161,861|
|Investments|14||201||201|
||||135,767||162,062|
|Current assets||||||
|Debtors|16|553,952||508,798||
|Cash at bank and in hand||2,202,473||2,577,040||
|||2,756,425||3,085,838||
|Creditors due within one year|17|(1,565,640)||(1,425,536)||
|Net current assets|||1,190,785||1,660,302|
|Total net assets|||1,326,552||1,822,364|
|Charity funds||||||
|Designated funds|18||||542,250|
|Restricted funds|18||771,763||849,899|
|Unrestricted funds|18||554,789||430,215|
|Total funds|||1,326,552||1,822,364|





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||2023|2022|
|---|---|---|
|Cash flows from operating activities|||
|Net cash used in operating activities|(396,905)|156,421|
|Cash flows from investing activities|||
|Purchase of intangible assets||(9,499)|
|Net cash provided byl(used in) investing activities||(9,499)|
|Cash flows from financing activities|||
|Interest receivable|1,750|127|
|Net cash provided by financing activities|1,750|127|
|Change in cash and cash equivalents in the year|(395,155)|147,049|
|Cash and cash equivalents at the beginning of the year|2,644,963|2,497,914|
|Cash and cash equivalents at the end ofthe year|2,249,808|2,644,963|
|The notes on pages 21 to 38 form part of these financial statements|||





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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||£|£|E|
|Box office income|1,288,913|1,288,913|1,532,167|
|Other income|24,386|24,386|954|
|Programmes|30,928|30,928|28,817|
|Bar income|338,316|338,316|221,785|
||1,682,543|1,682,543|1,783,723|
|Total2022|1,783,723|1,783,723||



|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2023|2023|2022|
|£|||
|1,750|1,750|127|
|127|127||





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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
||£|2|E|
|Other operating income|-|—|97,156|
|Hire income|9,467|9,467|11,053|
|Theatre tax relief receivable|920,050|920,050|495,387|
||929,517|929,517|603,596|
|Total2022|603,596|603,596||



## 

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||Unrestricted|Restricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2023|2023|2023|2022|
||£|E|E|ii|
|Box office expenses|4,898,281|78,136|4,976,417|3,933,782|
|Governance costs|45,532|-|45,532|35,250|
|Bar expenditure|352,272|—|352,272|243,075|
||5,296,085|78,136|5,374,221|4,212,107|
|Total 2022|4,207,107|5,000|4,212,107||





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||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2023|2023|2023|2022|
||£|£||£|
|Box office expenses|3,914,353|1,062,064|4,976,417|3,933,782|
|Governance costs|45,532||45,532|35,250|
|Bar expenditure|352,272||352,272|243,075|
||4,312,157|1,062,064|5,374,221|4,212,107|
|Total 2022|3,399,052|813,055|4,212,107||



||Governance costs|||
|---|---|---|---|
|||2023|2022|
||Auditors' remuneration|27,000|25,500|
||Legal & professional|4,750|9,750|
|10.|Staffcosts|||



||Group|Group|Company|Company|
|---|---|---|---|---|
||2023|2022|2023|2022|
||E|£|£|£|
|Wages and salaries|1,324,687|1,224,582|1,173,024|1,115,347|
|Social security costs|114,929|89,183|103,501|84,995|
|Other pension costs|25,345|25,873|24,273|24,890|
||1,464,961|1,339,638|1,300,798|1,225,232|





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||Group|Group|
|---|---|---|
||2023|2022|
||No.|No.|
|Theatre production|6|7|
|Theatre operation|12|12|
|Development & marketing|7|7|
|Education and access|2|2|
|Administration & finance|4|4|
|Front of house|47|41|
||78|73|



|||||||Group|Group|
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||No.|No.|
|In|the|band|£60,001|-|£70,000|4|4|



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|||Computer|Stage and||
|---|---|---|---|---|
||Fixtures and|and office|lighting||
||fittings|equipment|equipment|Total|
||E|E|£|£|
|Cost orvaluation|||||
|At 1 April 2022|343,161|173,101|448,636|964,898|
|At 31 March 2023|343,161|173,101|448,636|964,898|
|Depreciation|||||
|At 1 April 2022|341,495|163,601|297,941|803,037|
|Charge for the year|833|3,167|22,295|26,295|
|At 31 March 2023|342,328|166,768|320,236|829,332|
|Net book value|||||
|At 31 March 2023|833|6,333|128,400|135,566|
|At 31 March 2022|1,666|9,500|150,695|161,861|





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|||Computer|Stage and||
|---|---|---|---|---|
||Fixtures and|and office|lighting||
||fittings|equipment|equipment|Total|
||E|£|£||
|Cost orvaluation|||||
|At 1 April 2022|343,161|173,101|448,636|964,898|
|At 31 March 2023|343,161|173,101|448,636|964,898|
|Depreciation|||||
|At 1 April 2022|341,495|163,601|297,941|803,037|
|Charge forthe year|833|3,167|22,295|26,295|
|At 31 March 2023|342,328|166,768|320,236|829,332|
|Net book value|||||
|At 31 March 2023|833|6,333|128,400|135,566|
|At 31 March 2022|1,666|9,500|150,695|161,861|





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|||||Investments|
|---|---|---|---|---|
|||||in subsidiary|
|||||companies|
|Company||||2|
|Cost or valuation|||||
|At 1 April 2022||||201|
|At 31 March 2023||||201|
|Net book value|||||
|At 31 March 2023||||201|
|At 31 March 2022||||201|
|Principal subsidiaries|||||
|The following were subsidiary undertakings ofthe company:|||||
|Names|Country|Principal activity||Holding|
|Hampstead Theatre Enterprises|England|Bar|facilities and|100%|
|Limited||commercial lettings of|||
|||theatre|||
|Hampstead Theatre Productions|England|Production of||100%|
|Limited||theatrical productions|||
|Hampstead Theatre Ventures|England|Production of||100%|
|Limited||theatrical productions|||
|The financial results ofthe subsidiaries for the year were:|||||
|Names||Income|Expenditure|Net assets|
|||£|E|E|
|Hampstead Theatre Enterprises|Limited|348,606|(348,606)|9,220|
|Hampstead Theatre Productions|Limited|158,243|(158,243)|9,860|
|Hampstead Theatre Ventures Limited||2,399,014|(3,208,529)|100|





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|Group|Group|
|---|---|
|2023|2022|
|8,351|5,833|



## 

||Group|Group|Company|Company|
|---|---|---|---|---|
||2023|2022|2023|2022|
||||£|E|
|Due within one year|||||
|Trade debtors|1,000|1,525|1,000|1,525|
|Amounts owed by group undertakings|-||309,767|146,979|
|Other debtors|855,542|713,972|46,026|55,087|
|Prepayments and accrued income|197,159|305,207|197,159|305,207|
||1,053,701|1,020,704|553,952|508,798|



## 

||Group|Group|Company|Company|
|---|---|---|---|---|
||2023|2022|2023|2022|
||E|£|£|£|
|Trade creditors|364,417|303,807|337,612|288,880|
|Amounts owed to group undertakings|-||124,292||
|Other taxation and social security|54,151|66,318|54,151|66,318|
|Other creditors|313,714|443,474|268,380|398,140|
|Accruals and deferred income|873,060|682,177|781,205|672,198|
||1,605,342|1,495,776|1,565,640|1,425,536|





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||||||Balance at|
|---|---|---|---|---|---|
||Balance at 1|||Transfers|31 March|
||April 2022|income|Expenditure|in/out|2023|
||£|£|£|£|£|
|Unrestricted funds||||||
|General funds|945,436|4,906,967|(5,324,332)|542,250|1,070,321|
|Designated funds||||||
|Designated fund — 2020 fund|542,250|-|-|(542,250)|-|
|Restricted funds||||||
|The Next Decade Fund|849,899|-|(78,136)|-|771,763|
|Totaloffunds|2,337,585|4,906,967|(5,402,468)|—|1,842,084|



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||Statement offunds - prioryear||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Transfers|31 March|
|||1 April 2021|Income|Expenditure|in/out|2022|
|||£||£|£|£|
||Unrestricted funds||||||
||General funds|625,738|4,575,466|(4,255,768)||945,436|
||Designated funds||||||
||Designated fund — 2020 fund|491,250|51,000|||542,250|
||Restricted funds||||||
||The Next Decade Fund|853,898|1,001|(5,000)||849,899|
||Total offunds|1,970,886|4,627,467|(4,260,768)||2,337,585|
|19.|Analysis of net assets between|funds|||||
||Analysis of netassets between|funds - current|year||||



||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2023|
||£|£|E|
|Tangible fixed assets|135,566||135,566|
|Current assets|2,540,097|771,763|3,311,860|
|Creditors due within one year|(1,605,342)||(1,605,342)|
|Total|1,070,321|771,763|1,842,084|



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||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022|2022|2022|
||£|£|£|E|
|Tangible fixed assets|161,861|||161,861|
|Current assets|3,671,500|||3,671,500|
|Creditors due within one year|(1,495,776)|||(1,495,776)|
|Total|2,337,585|||2,337,585|



## 

||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2023|2022|
||||||||||£||
|Net<br>income/expenditure|for|the|year|(as|per|Statement|of|Financial|||
|Activities)|||||||||(495,501)|366,699|
|Adjustments for:|||||||||||
|Depreciation charges|||||||||26,295|35,353|
|Dividends, interests and|rents|from|investments||||||(1,750)|(127)|
|Increase in stocks|||||||||(2,518)|(2,327)|
|Increase in debtors|||||||||(32,997)|(525,812)|
|Increase in creditors|||||||||109,566|456,966|
|Net cash provided byl(used||in) operating activities|||||||(396,905)|331,752|



|||Group|Group|
|---|---|---|---|
|||2023|2022|
|||£|£|
|Cash|in hand|2,249,808|2,644,963|
|Total|cash and cash equivalents|2,249,808|2,644,963|





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|||||||At 1 April||At 31 March|
|---|---|---|---|---|---|---|---|---|
|||||||2022|Cash flows|2023|
|||||||E|2|£|
|Cash|at|bank|and|in|hand|2,644,963|(395,155)|2,249,808|
|||||||2,644,963|(395,155)|2,249,808|



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|At 31<br>March 2023 the Group and the company had com<br>payments under non-cancellable operating leases as follows:|mitments to make future min|imum lease|
|---|---|---|
||Group|Group|
||2023|2022|
||£|£|
|Not later than 1 year|56,000|56,000|
|Later than 1 year and not later than 5 years|214,667|224,000|
|Later than 5 years|-|46,667|
||270,667|326,667|



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