| Trustees | Susie Boyt |
|---|---|
| Gillian Budd | |
| Paul Cartwright (appointed 18 June 2025) | |
| Irene Dorner | |
| Kathryn Fleming | |
| Nese Guner | |
| Paul Kanareck | |
| Marie-Michelle Kegne Sika | |
| Simon Parry-Wingfield | |
| Karen Paul | |
| Susan Prevezer | |
| Jess Woodward Jones | |
| 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 (Producer & Chief Executive) |
| Independent auditors | Nyman Libson Paul LLP |
| Chartered Accountants | |
| 124 Finchley Road | |
| London | |
| NW3 5J8 |
| Unrestricted | Restricted | Designated | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2025 | 2024 | ||
| Note | £ | £ | £ | |||
| Income from: | ||||||
| Donations and | ||||||
| legacies Charitable activities Investments Other income |
(DOW-500 | 1,165,759 3,507,409 25,724 1,071,237 |
244,788 | 1,410,547 3,507,409 25,724 1,071,237 |
2,144,112 3,051,559 13,362 902,359 |
|
| Total income | 5,770,129 | 244,788 | 6,014,917 | 6,111,392 | ||
| Expenditure on: | ||||||
| Charitable activities | 7 | 5,809,021 | 264,083 | 6,073,104 | 5,514,411 | |
| Total expenditure | 5,809,021 | 264,083 | 6,073,104 | 5,514,411 | ||
| Net movement in | ||||||
| funds | (38,892) | (19,295) | (58,187) | 596,981 | ||
| Reconciliation of | ||||||
| funds: | ||||||
| Total funds brought | ||||||
| forward | 1,489,525 | 219,447 | 730,093 | 2,439,065 | 1,842,084 | |
| Net movement in | ||||||
| funds | (38,892) | (19,295) | (58,187) | 596,981 | ||
| Total funds carried | ||||||
| forward | 1,450,633 | 200,152 | 730,093 | 2,380,878 | 2,439,065 |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 13 | 115,232 | 131,586 | ||
| 115,232 | 131,586 | ||||
| Current assets | |||||
| Stocks | 15 | 11,244 | 10,413 | ||
| Debtors | 16 | 1,491,196 | 1,160,154 | ||
| Cash at bank and in hand | 2,074,134 | 2,300,341 | |||
| 3,576,574 | 3,470,908 | ||||
| Creditors: amounts failing due within one | |||||
| year | 17 | (1,310,928) | (1,163,429) | ||
| Net current assets | 2,265,646 | 2,307,479 | |||
| Total net assets | 2,380,878 | 2,439,065 | |||
| Charity funds | |||||
| Designated funds | 18 | 730,093 | 730,093 | ||
| Restricted funds | 18 | 200,152 | 219,447 | ||
| Unrestricted funds | 18 | 1,450,633 | 1,489,525 | ||
| Total funds | 2,380,878 | 2,439,065 |
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible assets | 13 | 115,232 | 131,586 | ||
| Investments | 14 | 201 | 201 | ||
| 115,433 | 131,787 | ||||
| Current assets | |||||
| Debtors | 16 | 988,602 | 713,884 | ||
| Cash at bank and in hand | 2,017,591 | 2,184,518 | |||
| 3,006,193 | 2,898,402 | ||||
| Creditors due within one year | 17 | (1,252,978) | (1,106,655) | ||
| Net current assets | 1,753,215 | 1,791,747 | |||
| Total net assets | 1,868,648 | 1,923,534 | |||
| Charity funds | |||||
| Designated funds | 18 | 730,093 | 730,093 | ||
| Restricted funds | 18 | 200,152 | 219,447 | ||
| Unrestricted funds | 18 | 938,403 | 973,994 | ||
| Total funds | 1,868,648 | 1,923,534 |
| 2025 | 2024 | |
|---|---|---|
| Cash flows from operating activities | ||
| Net cash used in operating activities | (239,331) | 59,485 |
| Cash flows from investing activities | ||
| Purchase oftangible fixed assets | (12,600) | (22,314) |
| Net cash used in investing activities | (12,600) | (22,314) |
| Cash flows from financing activities | ||
| Interest receivable | 25,724 | 13,362 |
| Net cash provided by financing activities | 25,724 | 13,362 |
| Change in cash and cash equivalents in the year | (226,207) | 50,533 |
| Cash and cash equivalents at the beginning ofthe year | 2,300,341 | 2,249,808 |
| Cash and cash equivalents at the end ofthe year | 2,074,134 | 2,300,341 |
| The notes on pages 22 to 37 form part ofthese financial statements |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | E | £ | £ | |
| Other grants and donations | 1,165,759 | 244,788 | 1,410,547 | 1,697,008 |
| Grants from Public Funding Bodies | - | 447,104 | ||
| 1,165,759 | 244,788 | 1,410,547 | 2,144,112 | |
| Total 2024 | 1,822,043 | 322,069 | 2,144,112 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | £ | |
| Box office income | 2,868,314 | 2,868,314 | 2,122,230 |
| Other income | 56,685 | 56,685 | 394,059 |
| Programmes | 63,650 | 63,650 | 57,410 |
| Bar income | 518,760 | 518,760 | 477,860 |
| 3,507,409 | 3,507,409 | 3,051,559 | |
| Total 2024 | 3,051,559 | 3,051,559 | |
| investment income | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | |||
| Bank interest | 25,724 | 25,724 | 13,362 |
| Total 2024 | 13,362 | 13,362 | |
| Other incoming resources | |||
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2025 | 2025 | 2024 | |
| £ | £ | ||
| Theatre tax relief receivable | 1,071,237 | 1,071,237 | 902,359 |
| Total 2024 | 902,359 | 902,359 |
| Unrestricted | Restricted | As restated | ||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Box office expenses | 5,317,753 | 264,083 | 5,581,836 | 5,101,334 |
| Governance costs | 38,000 | 38,000 | 31,265 | |
| Bar expenditure | 453,268 | 453,268 | 381,812 | |
| 5,809,021 | 264,083 | 6,073,104 | 5,514,411 | |
| Total 2024 as restated | 4,692,922 | 821,489 | 5,514,411 |
| Activities | As restated | |||
|---|---|---|---|---|
| undenaken | Suppon | Total | Total | |
| directly | costs | funds | funds | |
| 2025 | 2025 | 2025 | 2024 | |
| £ | E | £ | £ | |
| Box office expenses | 4,682,880 | 898,956 | 5,581,836 | 5,101,334 |
| Governance costs | 38,000 | 38,000 | 31,265 | |
| Bar expenditure | 453,268 | 453,268 | 381,812 | |
| 5,174,148 | 898,956 | 6,073,104 | 5,514,411 | |
| Total 2024 as restated | 4,570,831 | 943,580 | 5,514,411 | |
| Governance costs |
| 2025 | 2024 | |
|---|---|---|
| Auditors' remuneration | 29,500 | 27,000 |
| Legal & professional | 4,750 | 4,750 |
| Group | Group | Company | Company | |
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Wages and salaries | 1,306,253 | 1,266,493 | 1,085,983 | 1,088,249 |
| Social security costs | 116,098 | 107,313 | 98,188 | 92,816 |
| Other pension costs | 31,562 | 26,978 | 30,486 | 25,938 |
| 1,453,913 | 1,400,784 | 1,214,657 | 1,207,003 |
| Group | Group | |
|---|---|---|
| 2025 | 2024 | |
| No. | No. | |
| Theatre production | 7 | 6 |
| Theatre operation | 13 | 12 |
| Development & marketing | 7 | 7 |
| Education and access | 2 | 2 |
| Administration & finance | 4 | 4 |
| Front of house | 50 | 48 |
| 83 | 79 |
| Group | Group | ||||||
|---|---|---|---|---|---|---|---|
| 2025 | 2024 | ||||||
| No. | No. | ||||||
| In | the | band | £80,001 | - | £70,000 | 2 | 3 |
| In | the | band | £70,001 | - | £80,000 | 1 |
| Computer | Stage and | |||
|---|---|---|---|---|
| Fixtures and | and office | lighting | ||
| fittings | equipment | equipment | Total | |
| £ | £ | ‘5 | ||
| Cost or valuation | ||||
| At 1 April 2024 | 343,161 | 173,101 | 470,950 | 987,212 |
| Additions | 12,600 | 12,600 | ||
| At 31 March 2025 | 343,161 | 173,101 | 483,550 | 999,812 |
| Depreciation | ||||
| At 1 April 2024 | 343,161 | 169,934 | 342,531 | 855,626 |
| Charge for the year | 3,167 | 25,787 | 28,954 | |
| At 31 March 2025 | 343,161 | 173,101 | 368,318 | 884,580 |
| Net book value | ||||
| At 31 March 2025 | 115,232 | 115,232 | ||
| At 31 March 2024 | 3,167 | 128,419 | 131,586 |
| NOTES TO THE FINANCIAL STATEMENTS | ||||
|---|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2025 | ||||
| 14. | Fixed | asset | investments |
| Investments | |
|---|---|
| in subsidiary | |
| companies | |
| company | £ |
| Cost or valuation | |
| At 1 April 2024 | 201 |
| At 31 March 2025 | 201 |
| Net book value | |
| At 31 March 2025 | 201 |
| At 31 March 2024 | 201 |
| The followin | g were s | ubsidiary und | ertakings ofthe compa | ny: | |
|---|---|---|---|---|---|
| Names | Country | Principal activity | Holding | ||
| Hampstead Limited |
Theatre | Enterprises | England | Barfacilities and commercial lettings of |
100% |
| 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 | ||||
| Hampstead Hampstead Hampstead |
Theatre Theatre Theatre |
Enterprises Limited Productions Limited Ventures Limited |
518,760 2,500 3,289,362 |
(463,768) (5,798) (4,360,599) |
(9,220) (13,157) 100 |
|
| 15. | Stocks |
| Group | Group |
|---|---|
| 2025 | 2024 |
| 11,244 | 10,413 |
| Group | Group | Company | Company | |
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| £ | £ | |||
| Due within one year | ||||
| Trade debtors | 43,169 | 1,200 | 43,169 | 1,200 |
| Amounts owed by group undertakings | 579,103 | 456,581 | ||
| Other debtors | 1,142,657 | 943,891 | 60,960 | 41,303 |
| Prepayments and accrued income | 305,370 | 214,800 | 305,370 | 214,800 |
| Tax recoverable | 263 | |||
| 1,491,196 | 1,160,154 | 988,602 | 713,884 |
| Group | Group | Company | Company | |
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Trade creditors | 311,178 | 181,727 | 291,085 | 155,344 |
| Amounts owed to group undertakings | 31,148 | 25,048 | ||
| Other taxation and social security | 47,901 | 44,219 | 47,097 | 44,219 |
| Other creditors | 487,126 | 578,790 | 431,328 | 533,456 |
| Accruais and deferred income | 464,723 | 358,693 | 452,320 | 348,588 |
| 1,310,928 | 1,163,429 | 1,252,978 | 1,106,655 |
| Statement offunds - currentyear | ||||
|---|---|---|---|---|
| Balance at | ||||
| Balance at 1 April 2024 £ |
Income £ |
Expenditure £ |
31 March 2025 £ |
|
| Unrestricted funds | ||||
| General Funds — all funds | 1,489,525 | 5,770,129 | (5,809,021) | 1,450,633 |
| Designated funds | ||||
| Hampstead Ahead Fund | 730,093 | - | — | 730,093 |
| Restricted funds | ||||
| The Next Decade Fund | 219,447 | 244,788 | (264,083) | 200,152 |
| Tota | ofnds | 2,439,065 | 6,014,917 | (6,073,104) |
| Statement offunds - priorye | ar | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | Transfers | 31 March | |||
| 1 April 2023 | Income | Expenditure | in/out | 2024 | |
| E | E | £ | £ | £ | |
| Unrestricted funds | |||||
| General Funds — all funds | 1,070,321 | 4,682,126 | (4,692,922) | 430,000 | 1,489,525 |
| Designated funds | |||||
| Hampstead Ahead Fund | - | 660,093 | 70,000 | 730,093 | |
| Restricted funds | |||||
| The Next Decade Fund | 771,763 | 322,069 | (374,385) | (500,000) | 219,447 |
| Arts Council Transition Fund | - | 447,104 | (447,104) | ||
| 771,763 | 769,173 | (821,489) | (500,000) | 219,447 | |
| Total of funds | 1,842,084 | 6,111,392 | (5,514,411) | 2,439,065 |
| Analysis of net assets between fund | s - current year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | |
| funds | funds | funds | funds | |
| 2025 | 2025 | 2025 | 2025 | |
| £ | £ | E | E | |
| Tangible fixed assets | 115,232 | 115,232 | ||
| Current assets | 2,646,329 | 200,152 | 730,093 | 3,576,574 |
| Creditors due within one year | (1,310,928) | (1,310,928) | ||
| Total | 1,450,633 | 200,152 | 730,093 | 2,380,878 |
| Analysis of net assets between fund | s - prior year | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |
| funds | funds | funds | funds | |
| 2024 | 2024 | 2024 | 2024 | |
| E | £ | £ | E | |
| Tangible fixed assets Current assets Creditors due within one year |
131,586 2,521,368 (1,163,429) |
219,447 | 730,093 | 131,586 3,470,908 (1,163,429) |
| Total | 1,489,525 | 219,447 | 730,093 | 2,439,065 |
| Reconciliation of net m | ovem | ent | in fun | ds t | o net | cash flow f | rom | operating | activities | |
|---|---|---|---|---|---|---|---|---|---|---|
| Group | Group | |||||||||
| 2025 | 2024 | |||||||||
| E | ||||||||||
| Net income/expenditure Activities) |
for | the | year | (as | per | Statement | of | Financial | (58,187) | 596,981 |
| Adjustments for: Depreciation charges Dividends, interests and rents from investments Increase in stocks Increase in debtors Increase/(decrease) in creditors |
28,953 (25,724) (831) (331,041) 147,499 |
26,294 (13,362) (2,062) (106,453) (441,913) |
||||||||
| Net cash provided by/(used | in) operating | activities | (239,331) | 59,485 |
| Group | Group | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | ‘22 | ||
| Cash | in hand | 2,074,134 | 2,300,341 |
| Total | cash and cash equivalents | 2,074,134 | 2,300,341 |
| At 1 April | At 31 March | |||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | Cash flows | 2025 | ||||||
| £ | £ | £ | ||||||
| Cash | at | bank | and | in | hand | 2,300,341 | (226,207) | 2,074,134 |
| 2,300,341 | (226,207) | 2,074,134 |
| At 31 March 2025 the Group and the company had com payments under non-cancellable operating leases as follows: |
mitments to make future min | imum lease |
|---|---|---|
| Group | Group | |
| 2025 | 2024 | |
| £ | £ | |
| Not later than 1 year | 56,000 | 56,000 |
| Laterthan 1 year and not later than 5 years | 102,667 | 158,667 |
| 158,667 | 214,667 |